TiE Silicon Valley

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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]

The IndUS Entrepreneurs (TiE) is a Silicon Valley non-profit supporting start-ups through networking and the raising of capital for new and experienced entrepreneurs. By 2000, it had helped create businesses worth more than $75 billion.

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]

TiE SV received the 2014 Innovation Catalyst Award by VC Taskforce, which recognizes venture community leaders for being catalysts of innovation and entrepreneurship. [5] [6]

Organization

TiE SV is a network of general members, Charter Members, and sponsors. [7] Charter members are veteran entrepreneurs who assist younger entrepreneurs by offering their time, knowledge, and resources. [8] This membership level is by invitation only. [9]

Programs

TiEcon

TiEcon is TiE SV's flagship annual conference. Since 2008, more than 4,000 people attend the conference from over 40 countries. [10] It is widely considered the world's largest conference for entrepreneurs. [11] The conference features two full days of networking and programming with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders. [12]

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. [13]

Cloudera, Inc. is a US-based software company that provides a software platform for data engineering, data warehousing, machine learning and analytics that runs in the cloud or on premises.

TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship. [14]

TiE Angels

TiE Angels is an early stage Angel investment group formed in 2010 by Charter Members of TiE SV. [15] There are about 100 investors that invest through TiE Angels. [16] There is no TiE SV fund and individuals invest in their personal capacity. [17] TiE Angels was ranked by CB Insights as one of the Top 20 Angel groups in the nation in August 2014. [18]

Most of TiE Angels investments are under $1 million, with a focus on enterprise solutions that leverage the technological expertise of TiE members. In its first year of existence, TiE Angels invested in 11 companies with a total of about $4.5 million. [19] CloudVolumes, which was purchased by VMware in August 2014, was backed by TiE Angels and several individual Angel investors. [20] TiE Angels also backed CRISI Medical which was acquired by BD Medical in March 2015. [21] [22]

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. [23] [24] [25]

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. [26] It is managed by BV Jagadeesh, Raju Reddy (founder of Sierra Atlantic), and TiE SV President Venktesh Shukla. [27] The pilot round of this program began January 2015. [28]

Related Research Articles

A startup or start up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model. Hence, the concepts of startups and entrepreneurship are similar. However, entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to grow big or become registered, while startups refer to new businesses that intend to grow beyond the solo founder, have employees, and intend to grow large. Start ups face high uncertainty and do have high rates of failure, but the minority that go on to be successful companies have the potential to become large and influential. Some startups become unicorns, i.e. privately held startup companies valued at over US$1 billion.

Venture capital start-up investment

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

Mayfield (company)

Mayfield, also known as Mayfield Fund, is a US-based venture capital firm that focuses on early-stage to growth-stage investments in enterprise and consumer technology companies. Founded in 1969 and based in Menlo Park, California, it is one of Silicon Valley's oldest venture capital firms.

Steve Blank American businessman

Steve Blank is a Silicon Valley entrepreneur based in Pescadero, California.

An angel investor is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments and when most investors are not prepared to back them. 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, as well as to provide advice to their portfolio companies. In the last 50 years the number of angel investors has greatly increased.

Accel (venture capital firm) 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.

Foundation Capital

Foundation Capital is a venture capital firm located in Silicon Valley. The firm was founded in 1995, and in 2012 managed more than $2.4 billion in investment capital.

Shaherose Charania is a Canadian-born tech entrepreneur.

Bill Maris Managing partner at Google Ventures

Bill Maris is an American entrepreneur and venture capitalist focused on technology and the life sciences. He is the founder and first CEO of Google Ventures (GV). He is the creator of Google's Calico project, a company focused on the genetic basis of aging. He is the founder of early web hosting pioneer Burlee.com, now part of Web.com, and the founder of Section 32, a California-based venture fund focused on frontier technology.

Jai Rawat American businessman

Jai Rawat is a technology entrepreneur, innovator and public figure who has founded several successful technology companies, has authored many patents and is a frequent speaker at technology and entrepreneurial conferences. He is currently the co-founder and CEO of ShopSocially. He is also a charter member of TiE and sits on the advisory boards of several companies. He has received several awards and recognitions for his contributions.

Startup Village

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.

Scott Fox is an American financial and self-help author, specializing in entrepreneurship and startup company advice. He is a serial Internet entrepreneur, startup advisor, media personality, and angel investor. Founder of the OC Startup Council, the Click Millionaire’s MasterMinds Forum at ClickMillionaires.com, and RadioGuestList.com among many other niche website businesses, Fox is best known for his books which have been translated into many languages worldwide. These include Internet Riches: The Simple Money-making Secrets of Online Millionaires, E-Riches 2.0, and Click Millionaires: Work Less, Live More with an Internet Business You Love.

A unicorn is a privately held startup company valued at over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. Decacorn is a word used for those companies over $10 billion, while hectocorn is used for such a company valued over $100 billion. According to TechCrunch, there were 279 unicorns as of March 2018. The largest unicorns included Ant Financial, DiDi, Airbnb, Stripe and Palantir Technologies. Lyft is the most recent decacorn that turned into a public company on March 29, 2019.

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.

Will Bunker

Will Bunker is a serial entrepreneur and angel investor in San Francisco, California. He is the co-founder of GrowthX and board member of the Silicon Valley Growth Syndicate.

Jeff Hammerbacher is a data scientist as well as formerly chief scientist and cofounder at Cloudera. In addition he was formerly on the faculty of the Icahn School of Medicine at Mount Sinai.

Jack Abraham is an American businessperson, serial entrepreneur and investor who is best known for being the founding and managing partner of startup studio and investment fund Atomic where he has co-founded over a dozen companies that are collectively worth billions including 2 of the 10 fastest growing companies in the San Francisco Bay Area, Hims and Bungalow.

Kairos is a U.S.–based private company that builds startups that are focused on affordability of everyday services via a US$25 million venture capital fund. These services specifically address problems experienced by five different demographic groups: graduates with student loans, home buyers and city-dwellers struggling to afford housing payments; parents with high living and childcare costs; unemployed workers in need of job training; and retirees managing healthcare costs.

References

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