TiE Silicon Valley

Last updated

TiE Silicon Valley (TiE SV) is the largest and founding chapter of the TiE brand, a non-profit organization dedicated to fostering entrepreneurship. [1] The chapter provides technology entrepreneurs with mentoring services, networking opportunities, startup-related education, funding, and incubating. [2]

Contents

History

TiE SV was founded in 1992 by a group of entrepreneurs, corporate executives, and senior professionals with roots in the South Asian or Indus region and was named TiE for "The Indus Entrepreneurs." It has since moved away from that focus and is open and inclusive. [3] [4]

Organization

TiE SV is a network of general members, Charter Members, and sponsors. [5] Charter members are veteran entrepreneurs who assist younger entrepreneurs by offering their time, knowledge, and resources. [6] This membership level is by invitation only. [7]

Programs

TiEcon

TiEcon is TiE SV's flagship annual conference. Since 2008, more than 4,000 people attend the conference from over 40 countries. [8] It is widely considered the world's largest conference for entrepreneurs. [9] The conference features two full days of networking and programming with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders. [10]

Each TiEcon, the world's 50 most promising technology startups are honored as the "TiE50." These companies are selected from more than 1,600 companies screened worldwide. As of 2011, 94% of TiE50 companies had been funded, attracted over $20 billion in investments, and 42 of the companies exited. At TiEcon 2011, Cloudera, the leading provider of Apache Hadoop-based data management software and services, was announced as a TiE50 winner in the software/cloud computing category. [11]

TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship. [12]

TiE Angels

TiE Angels is an early stage Angel investment group formed in 2010 by Charter Members of TiE SV. [13] There are about 100 investors that invest through TiE Angels. [14] There is no TiE SV fund and individuals invest in their personal capacity. [15] TiE Angels was ranked by CB Insights as one of the Top 20 Angel groups in the nation in August 2014. [16]

Most of TiE Angels investments are under $1 million. In its first year of existence, TiE Angels invested in 11 companies with a total of about $4.5 million. [17] CloudVolumes, which was purchased by VMware in August 2014, was backed by TiE Angels and several individual Angel investors. [18] TiE Angels also backed CRISI Medical which was acquired by BD Medical in March 2015. [19] [20]

TiE LaunchPad

TiE LaunchPad is TiE SV's accelerator program for early stage startups. LaunchPad accepts eight companies per batch, and startups are seeded with $50,000 in convertible notes and offered optional working space, infrastructure, and additional support services for a five month duration. Companies also get assistance in fundraising by presenting to TiE's network of investors at a Demo Day at the end of the program. More than 50 Charter members serve as mentors to LaunchPad companies. [21] [22] [23]

Billion Dollar Babies

The Billion Dollar Babies Program is an initiative through TiE SV to mentor product companies out of India who are achieving significant domestic traction and wish to scale their products globally. [24] It is managed by BV Jagadeesh, Raju Reddy (founder of Sierra Atlantic), and TiE SV President Venktesh Shukla. [25] The pilot round of this program began January 2015. [26]

Related Research Articles

<span class="mw-page-title-main">Vinod Khosla</span> American businessman

Vinod Khosla is an Indian-American businessman and venture capitalist. He is a co-founder of Sun Microsystems and the founder of Khosla Ventures. Khosla made his wealth from early venture capital investments in areas such as networking, software, and alternative energy technologies. He is considered one of the most successful and influential venture capitalists.

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

<span class="mw-page-title-main">Steve Poizner</span> American businessman

Stephen Leo Poizner is an American businessman, technology entrepreneur and former Republican California Insurance Commissioner and Gubernatorial candidate. Poizner also was an independent candidate in the 2018 California Insurance Commissioner election.

<span class="mw-page-title-main">Steve Blank</span> American businessman

Steve Blank is an American entrepreneur, educator, author and speaker based in Pescadero, California.

An angel investor is an individual who provides capital for a business or businesses, including startups, usually in exchange for convertible debt or ownership equity. Angel investors often provide support to startups at a very early stage, once or in a consecutive manner, and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital and provide advice to their portfolio companies. The number of angel investors has greatly increased since the mid-20th century.

<span class="mw-page-title-main">Accel (company)</span> Venture capital firm

Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.

<span class="mw-page-title-main">Silicon Hills</span> Tech hub in Texas, United States

Silicon Hills is a nickname for the cluster of high-tech companies in the Austin metropolitan area in the U.S. state of Texas. Silicon Hills has been a nickname for Austin since the mid-1990s. The name is analogous to Silicon Valley, but refers to the hilly terrain on the west side of Austin. High tech industries in the area include enterprise software, semiconductors, corporate R&D, biotechnology, the video game industry, and a variety of startup companies.

The IndUS Entrepreneurs (TiE) is a non-profit organization with a mission to foster entrepreneurship through mentoring, networking, education, funding and incubation. With a focus of giving back to the community, TiE’s focus is on generating and nurturing the next generation of Entrepreneurs. By 2000, TiE-inspired startups had helped create new businesses worth more than US$50 billion in market capitalization, a number that is likely over US$100 billion by 2022.

<span class="mw-page-title-main">Revel Systems</span>

Revel Systems is an iPad-based point of sale system co-founded by Lisa Falzone and Christopher Ciabarra. It is now majority owned by private equity firm Welsh, Carson, Anderson & Stowe.

<span class="mw-page-title-main">Space Capital</span> American early-stage venture capital firm

Space Capital LP is an early-stage venture capital firm that invests exclusively in space-based technologies. Formed in 2017 it is based in New York City. Space Capital is the parent brand of Space Angels, an online angel investment platform, and Space Talent, a career platform and central node for space industry jobs.

<span class="mw-page-title-main">Startup Village</span>

Startup Village is a not-for-profit business incubator based in Kochi, Kerala, India, started in April 2012. The organisation aimed to launch 1,000 technology startups over the next ten years and start the search for the next billion-dollar Indian company. It focusses primarily on student startups and telecom innovation. It is India's first incubator that is funded jointly by the public and private sectors. As of October 2013, Startup Village has supported 450 startups through Incubation and Virtual Incubation combined. Businessman Kris Gopalakrishnan is the chief mentor at Startup Village.

Drive Capital is a venture capital firm headquartered in Columbus, Ohio.

In business, a unicorn is a privately held startup company valued at over US$1 billion. The term was first published in 2013, coined by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.

<span class="mw-page-title-main">Oregon Venture Fund</span> Venture capital fund

Oregon Venture Fund makes venture investments in the Portland, Oregon area and throughout Oregon and SW Washington. The fund consists of 180 institutional and angel investors, of whom 85% have run or founded a business. The fund evaluates up to 300 business plans per year, selecting five to seven to invest in annually. In 2018, the fund changed its name from Oregon Angel Fund to Oregon Venture Fund and launched a new $30M fund. Since its inception, Oregon Venture Fund has generated an average annual rate of return of 34% and a return on investment exceeding $3.50 for each dollar invested.

TiE Rajasthan is a Rajasthan chapter of the non-profit community The Indus Entrepreneurs (TiE). Headquartered in Jaipur, TiE Rajasthan is aimed at fostering entrepreneurship through mentoring, networking, education, incubating, and funding new startups.

VLAB is Silicon Valley non-profit organization dedicated to connecting entrepreneurs, experts, venture capitalists, private investors and engineers.

Rubrik is a cloud data management and data security company based in Palo Alto, California, United States, founded in December 2013.

Brex Inc. is an American financial service and technology company that offers business credit cards and cash management accounts to technology companies. Brex cards are business charge cards, which require at least $50,000 in a bank account if professionally invested, if not with $100,000 to open, and cardholders who default won't damage their personal credit or assets. Emigrant Bank issues the Brex cards.

Kairos HQ is a U.S based private company that builds products in the housing and healthcare sectors. Founded in 2008 as The Kairos Society by Ankur Jain, it is headquartered in New York City. As of 2023, the firm managed US$300 million to invest in affordable housing & personal health startups.

References

  1. ↑ "O'Brien: The Influencers of Silicon Valley". Mercurynews.com. 9 December 2009. Retrieved 23 August 2017.
  2. ↑ "TiE Silicon Valley Announces Four Companies Selected for Billion Dollar Babies Program" (Press release). Archived from the original on 2015-09-24. Retrieved 2017-07-02.
  3. ↑ "TiE executive pushes new programs". Bizjournals.com. Retrieved 2017-08-23.
  4. ↑ "TiE: Meet the men who paved the way for South Asians to write a chapter in Silicon Valley's success story". Bizjournals.com. Retrieved 2017-08-23.
  5. ↑ "Tech Trailblazers - Tech Trailblazers Awards welcomes TiE Silicon Valley and ask emerging markets startups to stand and be counted". Realwire.com. 28 August 2012. Retrieved 2017-08-23.
  6. ↑ "Tech Trailblazers Awards welcomes TiE Silicon Valley as industry supporter and ask startups from emerging markets to stand and be counted". Mynewsdest.com. Retrieved 2017-08-23.
  7. ↑ "The country is absolutely on the right path: Vish Mishra, President, TiE Silicon Valley « Clearstone Venture Partners". Clearstone.com. Retrieved 2017-08-23.
  8. ↑ "TieCon keeps growing despite economic crunch". Venturebeat.com. 16 May 2008. Retrieved 23 August 2017.
  9. ↑ Acharya, Nish. "Look Out Silicon Valley...America is Catching Up". Forbes.com. Retrieved 2017-08-23.
  10. ↑ "Mashery Named One of the Hottest Start-Ups of 2009". Archived from the original on 2015-04-05. Retrieved 2015-04-03.
  11. ↑ "cloudera named among the world s 50 most promising startups by tie silicon valley". Cloudera.com. Retrieved 2017-08-23.
  12. ↑ "10 Best Conferences for Ideas and Entrepreneurship". Archived from the original on 2013-05-31. Retrieved 2013-06-18.
  13. ↑ "31 Angel Investor Groups in California". Barberacorporatelaw.com. Retrieved 23 August 2017.
  14. ↑ Sengupta, Somini. "Network of Indian Entrepreneurs Now Backs Start-Ups". Bits Blog. Retrieved 2017-08-23.
  15. ↑ "The Country Is On The Right Path: Vish Mishra, President, TiE Silicon Valley". Techcircle.vccircle.com. 23 July 2011. Retrieved 2017-08-23.
  16. ↑ "Ranking Angel Investment Groups". Cbsinsights.com. 13 August 2014. Retrieved 2017-08-23.
  17. ↑ Sengupta, Somini (12 December 2011). "INDIA INK; Indian 'Angels' Back Start-Ups". The New York Times . Retrieved 2017-08-23.
  18. ↑ "VMware acquires app delivery startup CloudVolumes". Bizjournals.com. Retrieved 2017-08-23.
  19. ↑ "CRISI Medical Systems - CB Insights". Cbsinsights.com. Retrieved 2017-08-23.
  20. ↑ "BD Acquires CRISI Medical Systems" (Press release). Archived from the original on 2015-04-04. Retrieved 2015-04-03.
  21. ↑ "TiE startup accelerator mentors will be investors, too". Bizjournals.com. Retrieved 2017-08-23.
  22. ↑ "Company Information". Massinvestordatabase.com. Retrieved 2017-08-23.
  23. ↑ "TiE Silicon Valley Launches Enterprise Start-Up Accelerator, TiE LaunchPad" (Press release). Archived from the original on 2015-04-05. Retrieved 2015-04-03.
  24. ↑ "Billion Dollar Babies: Why Indian-American entrepreneurs are betting on born-in-India startups". The Economic Times . 21 December 2014.
  25. ↑ "TiE in Silicon Valley rolls out Billion Dollar Babies to help Indian startups". Times of India . Retrieved 2017-08-23.
  26. ↑ "TiE launches 'billion dollar babies' project for startups". In.finance.yahoo.com. Retrieved 23 August 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.