Tie Annual Report

Ashok Rao, Chairman of TiE Global at launch of TiE Brussels Chapter Aneesh Chopra, Americas first CTO, was
the keynote speaker at TiEcon Silicon Valley 2010
TiEQuest business competition provides value to the most innovative startups
Mission
The mission of TiE is to promote entrepreneurship through mentoring, networking and education
Vision
The vision of TiE is to be recognized as the global organization fostering entrepreneurship
Goals
Dedicated to the virtuous cycle of wealth creation, and giving back to the community, TiE endeavors to foster and nurture the next generation of entrepreneurs. TiE aims at spurring economic growth and development across the globe.
CONTENTS
2. 3. 4. 5. 6. 7. 8. 10. 12. 14. 16. 24. 34. 36. Letter from TiE Global Chairman Letter from TiE Global CEO The TiE Network Highlights of TiE Global TiE Network Performance Brand Ambassadors A Tribute to C.K. Prahalad Global Initiatives Global Charter Member Retreat Blockbuster Events Success Stories Chapter Highlights TiE Chapter Directory Photo Gallery
Chief Editor: Mohini Suchanti Editorial: PK Agarwal, Bridgett Comer, Andrew Tjahyadi
Copyright TiE Inc. All rights reserved. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed are not necessarily of TiE and accordingly, no liability is assumed by the publisher thereof. For private circulation only. Printed in the USA.
ANNUAL REPORT 2010-11
LETTER FROM THE CHAIRMAN
Ashok Rao, Chairman
Dear friends & colleagues,

The spirit of entrepreneurship, and the can do attitude that entrepreneurs are genetically endowed with, have repeatedly seen our planet through tough times, such as the recession and global financial meltdown we just survived. When the world is in trouble, it is the Entrepreneur who comes to the rescue. This has been the indisputable case throughout modern history, right from the Industrial Revolution in the 19th century, where inventors such as Thomas Edison, Alexander Graham Bell, the Wright Brothers, John D Rockefeller, Henry Ford, Cyrus McCormick, and the Wright Brothers, ignited economic growth. In the 20th century, another renaissance led by entrepreneurs like Sam Walton, Bill Gates, Steve Jobs, Herb Kelleher, Andy Grove and Ted Turner transformed our economy and quality of life. Today, entrepreneurs like Sergey Brin, Tony Hsieh and Mark Zuckerberg, are implementing game changing ideas and transforming the way we live and work. And entrepreneurship is precisely what TiE is all about. TiE is all about fostering, encouraging and promoting entrepreneurship all across the globe. TiE was founded in 1992 by a group of successful Indo-American entrepreneurs in Silicon Valley. They had conquered stereotypes, broken glass ceilings, and forged successful companies, thereby blazing a trail for the rest of their diaspora. These visionary individuals came together to encourage, help and give back to aspiring entrepreneurs, irrespective of their country of origin. To them we owe a great debt of gratitude. From those humble beginnings of a few Indian Givers, TiE has grown into the worlds largest organization of entrepreneurs with over 13,000 members spread across 56 Chapters in 13 countries and 5 continents, across the world. The range of successful TiE programs literally spans the globe including the pan-India TiE Entrepreneurial Summits, TiECons in several TiE Chapters, the TiE Young Entrepreneurs Program that teaches young minds the essentials of business and entrepreneurship, and the popular TiEQuest business plan competition where startups are recognized and offered tangible assistance, in kind and in value. Additionally, The Kauffman Foundation, Microsoft and Symsoft Solutions - our global sponsors are a constant source of support and ideas for developing TiE. On a more somber note, our founder, leading light and stalwart extraordinaire, Prof. C.K. Prahalad passed away most unexpectedly last year. Acknowledged as the foremost business thought leader in the world, his passing was a devastating loss to TiE as well as to the business community at large. We will miss him immensely for the vision and guidance he provided us. His contributions to TiE are truly timeless, and we will attempt to stand by his words, deeds, and ideals. He continues to guide us in spirit. I look forward to working with our new CEO P.K. Agarwal and our newly elected Board of Trustees in continuing to establish TiE as the worlds premier organization for the promotion of entrepreneurship. Sincerely
Ashok Rao Chairman, TiE Global

2 ANNUAL REPORT 2010-11
LETTER FROM THE CEO
PK Agarwal, Chief Executive Officer
Dear Friends,
Our global family continues to grow. We added three new chapters in the last 12 months. In 2010, as the global economy made its way out of the great recession, TiEs growth profile mirrored that of the economy at large. The Chapters in advanced economies showed flat or moderate growth while the Chapters in emerging economies showed greater momentum. With growth comes complexity of governance. I am pleased to report that our Trustees have shown exceptional energy and foresight in dealing decisively with many of the governance issues that we had accumulated over the past few years. With these issues behind us, we refocus our energy on the core business of fostering entrepreneurship globally. Our brand is strong and getting stronger. We have a number of new Chapters in the pipeline. However, the business of entrepreneurship is changing. What used to be the sole purview of the non-profit sector is seeing significant involvement of the private sector and governments. Startup America, and more recently Startup Britain are examples of governments recognizing the critical need for entrepreneurship as an engine for job creation. It is also interesting to note that TiE Chapters are expanding into areas outside its historic core of IT. A number of TiE Chapters are now focusing on entrepreneurship in Cleantech and Biotech, with newer Chapters like Coimbatore bringing strong manufacturing prowess in the mix. Our global family is becoming very diverse. Our Global Programs are doing very well. The Youth Entrepreneur Program has expanded to nine Chapters. The business venture competition originating from Toronto is now in three Chapters. We are also in the process of revamping the TiE Global System. The new architecture will pave the way for greater collaboration and more effective way of managing and sharing content across the TiE universe. We will make inroads in one of the most critical needs of our members and be able to offer greater global identity and connections. On a somber note, the loss of our visionary C.K. Prahalad in 2010 has been a difficult one. But he lives in our hearts as we strive to achieve his vision and aspirations. We are fortunate to have Kauffman Foundation, Microsoft, and Symsoft Solutions as our global sponsors. They not only provide much needed resources, but also the thought leadership to stay focused on the ever changing business of entrepreneurship. As I complete my first year in this role, I feel privileged to be working with such a unique and dynamic group of individuals. I look forward to serving you and the success of TiE.
PK Agarwal Chief Executive Officer, TiE Global
THE TiE NETWORK

Since its inception in 1992 in Silicon Valley, USA, TiE has emerged as the worlds largest not-for-profit organization promoting entrepreneurship. Currently, the TiE Network is in 56 locations across 13 countries. TiEs mission to foster entrepreneurship globally through mentoring, networking, and education has found strong acceptance across the globe as essential pre-requisite for economic development. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiEs focus is on generating and nurturing the next generation of entrepreneurs. Its network of 10,500 members and 2,500 charter members constitute some of the top notch entrepreneurs and professionals along with high profile VCs, private equity, angels, law firms and thought leaders, who shape the global entrepreneurial ecosystem. TiE Members are generally entrepreneurs or aspiring entrepreneurs and business professionals with an interest in networking with mentors and industry veterans, gaining knowledge about their industry and learning from the stories of successful entrepreneurs and businessmen. TiE Charter Members are members by invitation only. They are successful entrepreneurs, venture capitalists, corporate executives and senior professionals who have reached a stage in their lives where they are ready, willing and able to give back to the community and assist their fellow members. TiE Inc. also known as TiE Global was created in 2002 to provide a unified voice for the entire TiE Network. TiE Global and the Board of Directors governing the body, provide an umbrella framework within which all Chapters operate and flourish.
Role of TiE Global
Global Presence
UNITED STATES Arizona Atlanta Austin Boston Carolinas Chicago Dallas Denver Detroit Florida Houston Los Angeles Minneapolis New Jersey New York Ohio Oregon Pittsburgh San Diego Seattle Silicon Valley Washington DC CANADA Ottawa Toronto Vancouver INDIA Ahmedabad Bangalore Bihar Chandigarh Chennai Coimbatore Delhi Hubli Hyderabad Kerala Kolkata Mumbai Nagpur Orissa Pune Rajasthan Uttar Pradesh PAKISTAN Islamabad Karachi Lahore MAURITIUS UAE Dubai SINGAPORE MALAYSIA Kuala Lumpur BELGIUM Brussels SWEDEN Stockholm UNITED KINGDOM London Manchester AUSTRALIA Melbourne Sydney JAPAN Tokyo
HIGHLIGHTS OF TiE GLOBAL

TiE members are attributed to be responsible for over $200 billion worth of
wealth creation.
TiE Brand Ambassadors: include serial entrepreneurs, business leaders and angel investors - Vinod Khosla, Desh Deshpande, Victor Menezes, Kanwal Rekhi, Narayana Murthy TiE has created an array of
Engaging programs focused on mentoring, motivating, networking and educating.
TiE chapters host several Major Conferences such as TiEcon Silicon Valley, TiEcon East Boston, TiEQuest Toronto, TiE Asia Pacific in Malaysia and TiE Summit in India which attract thousands of attendees from around the world. These innovative programs and events energize and inspire new entrepreneurs. In 2010, TiE hosted conferences featuring inspirational speakers such as Linked-in founder Reid Hoffman, Aneesh Chopra, Vivek Kundra, former California CTO P.K. Agarwal, Professors Vivek Wadhwa and Marshall Goldsmith, mobile phone inventor Marty Cooper, Economist and columnist Gurcharan Das, Carlyle Ventures founder David Rubenstein, Bessemer Venture partner Sridhar Iyengar, spiritual guru Dr. Deepak Chopra, philanthropists Philip Wollen, Michael Coles and Gus Whalen, Nobel Prize laureate Amartya Sen, Fortis Healthcare MD Shivinder Singh, among others. TiE offers specialized sessions on Focused Industry Clusters: TiE members come from diverse sectors including information technology, real estate, financial services, life sciences, telecom, entertainment, education, medicine, law and venture capital. There are over 250 Active Mentors in the TiE Network, and they have assisted hundreds of start-ups over the last few years. There are also a variety of Group mentoring and education sessions which assist entrepreneurs. TiE believes that entrepreneurship can be cultivated in our youth. The TiE Young Entrepreneurs program actively works with young students to teach them the basics of setting up a business The TYE today takes place in 3 continents of USA, UK and India.
Entrepreneurial Awards: Several Chapters have instituted Entrepreneurial Awards to celebrate and acknowledge start-ups and budding entrepreneurs in their local region.
In 2010, The Silicon Valley Chapter set up the TiE 50 program and invested $5.35 billion for 50 most enterprising start-ups. Nearly 4000 companies from 57 countries were nominated. Among the winners, 8 startups were acquired or went public. Several Chapters have business plan competitions and angel funding forums, which contribute significantly towards bringing talented entrepreneurs to the fore. TiEQuest business venture competition, held in Toronto bridges the gap between up-and-coming business people and the investment industry. Over 200 entrepreneurs took part in TiEQuest 2010 from across 29 different cities all over North America. The winners of the competition received an Expression of Interest for investment from sponsors, as well as benefited from mentoring from accomplished CMs in the Network.
You shouldnt focus on why you cant do something, which is what most people do. You should focus on why perhaps you can. - Steve Case, Co-founder & former Chairman, AOL
TiE50, TiE Silicon Valley recognizes entrepreneurs outperforming in their field Deepak Chopra - an inspirational speaker at TiE events
TiEQuest, a successful business competition that gives traction to promising startups
TiE NETWORK PERFORMANCE

THE GROWTH OF TIE : A GRAPHICAL REPRESENTATION
From three Chapters in 1997, our organization has come a long way; and today, we are proud to say that TiE has 56 Chapters spread across five continents. For the past couple of years, the number of influential and successful business leaders has climbed to over 2,500 active charter members, and we now have over 10,500 members, professionals eager to network and learn from a community of entrepreneurs. The core community of TiE members and charter members come from a wide variety of industries, and are able to interact and derive a lot of benefit from common interests and learn about different trends and upcoming industry sectors. During the year, TiE Chapters organized nearly 1,350 events around the globe, in engaging formats and learning platforms. TiE Chapters and the TiE Global organization have consistently delivered value for their sponsors. By adding new Chapters in both developing and developed countries, we have spread the message of entrepreneurship and mentoring far and wide. Our brand ambassadors and TiE champions have also contributed to our success in a multitude of ways. Our partners and sponsors include Microsoft, Google, HP, IBM, Qualcomm, HSBC, Citibank, KPMG, Silicon Valley Bank, Bessemer Venture Partners, The Kauffman Foundation, Boston University, Babson School of Management, London Business School, among others who are leaders in their field and enthusiastic participants in our mutual development.
TiE Membership
TiE has 13,000 members & charter members
Profile of TiE Charter Members

Over 90% of our TiE Charter Members are in top management
TiE Events
There were around 1350 events held across the TiE Network
Domain Expertise
Area of Expertise of TiE Members & Charter Members
Membership Diversity
TiE members come from varied sectors, predominantly IT, finance, private equity and legal services
BRAND AMBASSADORS
TiE Brand Ambassadors are distinguished members of TiE, also known as Global Charter Members (GCMs). They are an elite group of renowned and eminent personalities. Many of our GCMs are serial entrepreneurs, angel investors, visionaries and successful managers of large corporations. Our 16 TiE Brand Ambassadors personify the motives and mission of TiE, which is to foster entrepreneurship as a means to further economic development. Our Brand Ambassadors inspire our constituency of members and serve as a reservoir of talent and knowledge. Many of our GCMs are active torchbearers for TiE and are closely knit with the TiE community.
Kanwal Rekhi
MD, Inventus Capital Partners; Serial entrepreneur & angel investor
In memory of C.K. Prahalad

Professor, University of Michigan; Top management thinker & author
Desh Deshpande
Chairman, Sycamore Networks; Serial entrepreneur & angel investor
Vinod Khosla
Founder, Khosla Ventures; Co-founder, Sun Microsystems
Apurv Bagri
MD, Metdist Group, one of Europes biggest financial conglomerates
Anand Mahindra
Vice Chairman & MD, Mahindra & Mahindra, one of Indias largest companies
M.S. Vindi Banga

President - Foods, Home & Personal Care, Unilever
Narayana Murthy
Founder & chief mentor, Infosys Technologies, leading IT service provider
Aditya Mittal
CFO, ArcelorMittal, worlds largest steel firm
Kiran Mazumdar-Shaw
Chairman & MD, Biocon Ltd, India's first biotech enterprise
Victor Menezes
Sr. Advisor, New Silk Route Partners; Former Sr. Vice Chairman, Citigroup
Shiv Nadar
Chairman, HCL Technologies, leading IT service provider
Hussain Dawood
Chairman, Dawood Group, one of Pakistans leading holding companies
Arun Sarin
Former CEO, Vodafone Group Plc.
Sanjiv Ahuja
Chairman & CEO, Augere; Former CEO, Orange S.A
Syed Babar Ali

Advisor, Packages Ltd, Pakistans largest paper company
A TRIBUTE TO CK PRAHALAD
A Tribute to C.K. Prahalad

(August 8, 1941 April 16, 2010)
Coimbatore Krishnarao Prahalad, also known as CK Prahalad is famous as the father of the concepts of core competency and the fortune at the bottom of the pyramid. Born in Chennai in the Indian state of Tamil Nadu in 1941, Mr. Prahalad was one of nine children of a Sanskrit scholar and judge. He joined Union Carbide in 1960 soon after completing his bachelors in Physics from Loyola College in Madras. He then did his post graduation at the Indian Institute of Management in Ahmedabad, completing his studies there in 1966, and went on to do a PhD on multinational management at the Harvard Business School in 1972. Mr. Prahalads theory is believed to have affected many Indian and developing world retail outlets, for instance driving consumer-goods companies like Godrej and Hindustan Lever to come up with small-sized sachets of products like shampoo that could be sold as individual portions. Prahalad was the distinguished University Professor of Strategy, the University of Michigans Ross School of Business. He ranked amongst the top ten management thinkers in every major survey for over ten years. Business Week said of him: a brilliant teacher at the University of Michigan, he may well be the most influential thinker on business strategy today. He was a member of the Blue Ribbon Commission of the United Nations on Private Sector and Development. In 2009, the government of India conferred upon him the Padma Bhushan, one of Indias highest civilian awards. I join all of you in remembering Dr. C. K. Prahalad and celebrating a life lived to the full, meaningfully, wisely and in the service of the people at large. Some people leave behind wealth, others leave behind some remnants of power, and some leave behind the passionate energy of their ideas that continually stimulate those whose lives they touch. C.K. Prahalad belonged to this third category. He taught business to include those presently not in the market, and create new markets out of them. Many companies have profited by putting these ideas into actual practice. His contributions in management like competitive advantage, strategy as stretch, fortune at the bottom of the pyramid and co-creation will all continue to excite his students and colleagues to walk those roads. In his passing away, our country has lost a very noble worthy son continuously engaged in extending its freedoms. The world has lost a great thought leader and the field of management, one of its visionary intellectuals. If his associates miss him so much I can only imagine the extent of the loss felt by his wife, by his children and by his friends. I join all of you in extending our condolences to his family. Once again, let us celebrate this tremendous innovative individual who made India proud. - Indian Prime Minister Manmohan Singh at the memorial service for late CK Prahalad. I have always thought that Prahalad was one of the most fascinating business thinkers of the 20th century, rivaling Peter Drucker in his wisdom. Much of what Prahalad wrote about executives was applicable to all of us. For example, this quote by CK Prahalad, We are constrained not by our resources, but by our imagination is just as true when applied to all of us. - Dan Erwin, executive coach.
A TRIBUTE TO C.K. PRAHALAD
Glimpses of Late C.K. Prahalad at TiE Events
CK with Nandan Nilekani and GN Bajpai at TiELinks 2008 in Bangalore
Shaukat Aziz and CK Prahalad at TiEcon Silicon Valley 2008
CK Prahalad and Desh Deshpande giving awards to exemplary TiE Chapters
CK Prahalad inspiring the next generation of TiE charter members
Suren Dutia, Apurv Bagri, Shaukat Aziz and CK Prahalad
CK with Anil Khatod, Apurv Bagri, Victor Menezes, Nish Kotecha and others
CK Prahalad with Vindi Banga and others
CK at the San Antonio CM Retreat, 2008
CK with Vindi Banga and Victor Menezes
GLOBAL INITIATIVES
TiE Global introduced many new initiatives over the year, to share innovative programming and knowledge across the TiE ecosystem. TiE Global partnered with leading Chapters, to support proliferation of impactful programs such as innovation competition (TiEQuest) as well as entrepreneurial course and business plan competition for young students (TiE Young Entrepreneurs). We are grateful to our Global sponsors - Kauffman Foundation, Microsoft Corporation and Symsoft Solutions who have assisted us in several ways to further TiEs impact.
Launch of New Chapters

TiE Global successfully inducted TiE Coimbatore, TiE Bhubaneshwar and TiE Brussels as part of the ecosystem. A rigorous process during Chapter formation ensures strong membership base and support in the community, required to sustain the Chapter locally.
New TiE Website

In todays digital world, an organizations website is its front face to the world. With inputs from PK Agarwal, TiE CEO and former CTO of the State of California, and Chapter management, we were ready to revamp TiEs integrated IT platform that connects our ecosystem. For this project, our requirement was to identify a complete end-to-end solutions provider, who would be able to develop a customized platform. SymSoft Solutions was selected as our IT partner. Symsoft has deep experience in Content Management Solutions (CMS), and custom application development, giving an impetus to our business needs. In exchange for their services, Symsoft Solutions has been inducted as a new TiE Global Sponsor.
Photo of the TiE Coimbatore Launch in The Hindu
The new website has been very well received and appreciated by all Chapters. The refreshed look reflects a dynamic brand and an Entrepreneurs go-to site. The plan is to migrate all the Chapter sites by middle of the year. Some of the highlights of the website are as follows: Entrepreneur s Corner for the benefit of aspiring entrepreneurs and established professionals Our Network showcases TiEs worldwide presence, and highlights our esteemed Speakers, Mentors and Brand Ambassadors Media Library displays a huge archive of good videos and photographs Powerful Search functionality acts as an Online member directory and can search text, images and multi-media Intrinsic Search engine optimization features Streamlined look reinforces branding Flexibility for all chapters to manage their own content Highlight Assets and significant content
Amazing Work. Kudos!!! You made it happen. You did a phenomenal job accommodating the many many unique challenges & customization requests, and providing newer tools too. You have given TiE a much needed new facelift in todays online and globalised era. Thank you so much. Cant wait to flaunt the new Austin website. Binitha Surendran, TiE Austin
GLOBAL INITIATIVES
Social Networking
The new homepage highlights social networking tools, and several TiE Chapters have been able to successfully use new media tools for networking and collaborating amongst TiE members. TiE Global manages a LinkedIn Group for TiE Presidents (over 100 current and past Presidents) and TiE Executive Directors (over 50 EDs), a platform to achieve greater collaboration, share best practices, discuss new ideas, and also promote TiE Chapter events.
Speakers Forum
TiE Global has facilitated the much-awaited - Speakers Forum, a platform where Chapters can share and seek Speakers. The new Speakers Forum features prominent personalities who have the power to inspire and educate. It is a platform whereby all TiE Chapters in the Network can collaboratively share their relationships, and deliver power and meaning to the project.
TiEQuest
TiEQuest, is a business plan competition for startups initiated by TiE Toronto. It has been broadened into a Global program under the leadership of Suresh Madan, TiE Toronto President. A business competition is an excellent way for new ventures to get noticed by top VCs in the community, as well as for receiving guidance from mentors. With incredible support from sponsors, VCs, esteemed judges and mentors; all TiEQuest participants come out winners. TiE Chapters in Ohio and Detroit have also implemented this impressive program.
Speakers Forum - Gurcharan Das is a prominent speaker who has graced several TiE events
TiE Spotlight
TiE Spotlight is our newest Global program - a series of live webcast sessions featuring thought leaders, TiE stalwarts and prominent guest speakers. The online showcase provides an opportunity to share knowledge and learnings to the worldwide TiE audience and build a sense of community within the TiE Network.
TiE Young Entrepreneurs

TiE Global instituted a global program designed for young students last year. The TiE Young Entrepreneurs (TYE) Initiative helps high school children gain confidence to lead a team, develop business acumen, improve communication skills and discover the challenges and rewards of becoming an entrepreneur. The program is operational at nine Chapters in the TiE Network - Carolinas, Seattle, Austin, Boston, Atlanta, UK, Rajasthan, Delhi and San Diego. Daniel Castro, (attorney, Castro & Baker, LLP) who taught the business law session of the TYE Program in Austin says, TYE is the first program I have heard of that teaches student to create a business plan and address needs of society, rather than simply teaching them to write a resume, and guiding them to work for someone else. The students who graduate from this program will be light years ahead of their peers upon graduation from high school and college. I tip my hat the founders of this organization. I am thrilled to be a part of it.
TiE Spotlight on Kanwal Rekhi, a brand ambassador of TiE
Imparting education not only enlightens the receiver, but also broadens the giver. Amartya Sen, Economist & Nobel Prize Winner
TYE Program - UK Chapter's winning team with Co-President Stuart Nicol and Chairman Nish Kotecha
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GLOBAL CHARTER MEMBER RETREAT TiE Global Charter Member Retreat 2010
Our tradition of connecting top Charter Members at the annual TiE Global CM Retreat continued in style at the historic Hotel Del Coronado, San Diego from December 16-19, 2010. It was a memorable event with close to 100 Charter members, networking with friends and families. High profile speakers of the business sessions included Deepak Chopra, Marty Cooper, Marshall Goldsmith and Rahul Bose. Kanwal Rekhi, Desh Deshpande, Dr. Khalid Chowdhry, Arjun Malhotra, Ashok Rao, Vish Mishra were among the TiE leaders and founders in attendance at the event. Loads of fun-filled beach games, oceanfront golf, a visit to the Balboa Park and San Diego Zoo, added the element of fun and togetherness to the event. CMs and their families enjoyed dinner aboard the beautiful California Spirit cruise liner viewing the magnificent San Diego skyline.
Historical & Glamorous Location
Time with Family & Friends
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GLOBAL CHARTER MEMBER RETREAT Fine Speakers Deepak Chopra, Marshall Goldsmith, Marty Cooper & Rahul Bose
Forging new friendships & business relations
Beach Games
Golftime with good buddies
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BLOCKBUSTER EVENTS
TiEs major events take place around the world, featuring distinguished speakers, mentoring sessions, industry focused panel sessions, and business plan competitions for entrepreneurs. These blockbuster events are organized to promote entrepreneurship and social change in our local communities. Innovative companies have the opportunity to showcase their products and services to the most influential VCs, institutional investors, large number of attendees and future customers. There are also exclusive networking opportunities to identify the most promising innovation-driven, growth investment opportunities.
TiEcon Silicon Valley

Dr. Anji Reddy at TiEcon Silicon Valley 2010
TiE Silicon Valleys flagship event TiEcon is the largest conference in the world dedicated to entrepreneurs. TiEcon 2010 was held on May 13-14, 2010 at the Santa Clara Convention Center. Its in your DNA, was the theme, with the message that entrepreneurship is present in everyones DNA, and these latent talents can be tapped into. The conference saw over 2000 delegates. Some of the keynote speakers were Aneesh Chopra, Sir Martin Sorrell, Reid Hoffman, Dr. Anji Reddy among others.
Tiecon East, Boston

Over 550 attended TiE-Bostons 12th annual TiEcon East conference on May 27-28, 2010 at Westin Waltham. The theme, Winning in a New Climate, focused on discovering how innovation and enterprise remain the key to success. The conference delivered with panels across Four Tracks: Life Sciences, Clean Tech, Technology and India. The keynote speakers were Ashraf Dahod (co-founder, Starent Networks); Bob Pozen, (Chairman, MFS Investments) and Bart Riley (founder, A123 Systems). New programs this year were the Entrepreneurship Bootcamp, ValueConnect, and Innovation Showcase.
Ashraf Dahod at TiEcon East 2010
Tenth Anniversary Gala, San Diego

TiE San Diego celebrated its 10th anniversary in style with a Gala celebration at the Hotel Del Coronado. Entitled Living Your Dream and Giving Back. Distinguished guests in attendance were Aneesh Chopra, Federal Chief Technology Officer, United States, who spoke on The Strategy for American Innovation and Marshall Goldsmith, one of the foremost management thinkers in the world and best-selling author. The San Diego Chapter also paid tribute to one of the leading lights of our time Prof. CK Prahalad, one of the founding fathers of TiE, who passed away in April, 2010.
TiE Vista & Annual Gala, Atlanta

Michael Cole at TiE Atlanta Gala
The Renaissance Waverly was the scene for TiE Atlanta Entrepreneurial Summit in July 2010. TES Atlanta saw over 300 attendees and 50 national and international speakers. Keynote thought leaders J.D. Power III (JD Power & Associates), Gus Whalen (The Warren Featherbone Foundation) and Vivek Wadhwa (Duke University) electrified the audience with their global perspective and personal entrepreneurial journeys. Entrepreneurs and investors experienced 9 panel tracks with topics spanning Social Entrepreneurship, CIO - The new Chief Innovation Officer and Entrepreneurial Lifecycle - From Ideas to Exit. A record 20 community partners supported the summit which strengthened and elevated TiE Atlantas stature in the city.
TiEcon Midwest, Detroit

TiECon Midwest 2010 had the theme Business Karma 3.0- Create. Connect. Collaborate. TiECon Midwest was held on Oct 28-29, 2010 at The Henry Hotel, Dearborn. Inspirational keynotes by Desh Deshpande and Bill Birdsall enthralled the audiences, and were the most talked about sessions at the event. Year 2010 witnessed action packed sessions covering TiE 20 awards, Business Plan Competition to help realize bright ideas, Extreme Power Connect focused on networking and multiple track sessions. The event focused on high growth potential industries and offered great networking opportunities. The CBC news quoted TiECon as the Hope for Detroits Rebirth in Entrepreneurship.
Desh Deshpande at TiEcon Midwest 2010
TiEcon Socal, Los Angeles

On October 16th, 2010, TiE Southern California hosted its annual TiECon SoCal Conference, titled, Prospering in the New Decade. Over 700 attendees participated in the conference, to listen to the worlds preeminent business leaders speak on a variety of topics. Keynote speaker Dr. Deepak Chopra, spoke of his transition from medical doctor to spiritual healer and provided an overview of how to measure happiness. The other two keynote speakers were C.P. Gurnani (CEO of Mahindra Satyam), and another Deepak Chopra (founder of OSI Systems) offered perspectives on the current global economic climate.
Deepak Chopra at TiEcon SoCal 2010
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BLOCKBUSTER EVENTS
TiEcon Dallas
TiEcon Dallas took place on October 16, 2010 pm at the Hilton Garden Inn. The theme of the conference was Entrepreneurship in the always connected world aimed at recognizing opportunities in todays technology-driven, rapid-fire business world. The event brought together business leaders, entrepreneurs, investors and professionals from a wide spectrum. Eric Ly (co-founder, LinkedIn) was the keynote speaker. Naeem Zafar (Professor, Haas Business School) spoke on Transitioning from a Founder to a CEO.
TiE Summit, New Delhi

Amartya Sen at TiE Summit, New Delhi
TiE Entrepreneurial Summit (TES) was held in New Delhi on December 21-23, 2010. This pan-India event was attended by 2,200 delegates. Acclaimed speakers, included Prof. Amartya Sen (Nobel laureate and economist), Shekhar Kapur (filmmaker), Pramod Bhasin (Genpact), Dr. Kiran Bedi (Ex IPS officer), Philip Wollen (Australian Philanthropist), Malvinder Singh (Fortis). Among the new innovations at the Summit were innovative parallel workshops and a showcase of entrepreneurs at the TiE-Lumis Entrepreneurial Excellence Awards.
TiE ISB-Connect, Hyderabad

TiE-ISB Connect 2010 focused on Research to Market and Innovation in Building Business. Other highlights of the event were funding from Hyderabad Angels for one of the shortlisted Business Plans. The event showcased several important startup companies in the region.
TiEcon Pakistan, Lahore

Kiran Bedi chats with Pradeep Gupta, President during TiE Summit 2010, New Delhi
Over 500 delegates congregated at TiECon 2010 Pakistan on October 30, 2010 at the Royal Palms. It was a riveting day of inspirational speeches, discussions and idea sharing followed by an enchanting reception dinner inside Lahores old walled city. Dignitaries Shahbaz Sharif (Chief Minister Punjab), Razak Dawood, Nasreen Kasuri, Imran Khan, Dr. Ishrat Husain, Seema Aziz and many others graced the event.
TiEcon Chennai
The theme for TiEcon Chennai 2010 was money, Money, MONEY. On November 24,2010, the event saw the congregation of more than 1000 entrepreneurs from all across the state of Tamil Nadu. N. Sankar, (Chairman, Sanmar Group) won the TiE Chennai Lifetime Achievement Award. Among eminent speakers were Gopal Srinivasan, (Chairman & MD, TVS Capital Funds). Alok Mittal (Canaan Partners), GV Ravishankar (Sequoia Capital), Ranjith Menon (IDG Ventures), Gurcharan Das, (management guru) and Ajit Balakrishnan (founder, Rediff.com). The indispensible feature of TiEcon Chennai is its unwavering commitment to encouraging start-ups through business plan awards for emerging start-ups and pitch to VC sessions acting as a connect between entrepreneurs and investors. The winner of the business plan awards took away Rs. 4 lakhs (approx. $10,000).
R Ramaraj, PK Agarwal and other business leaders at TiEcon Chennai 2010
TiEger, Kolkata
The signature event of TiE Kolkata celebrates the achievements of entrepreneurs in West Bengal, and also instills fire among budding entrepreneurs. Tiecon 2011 consists of business plan competition, Tieger Awards and Tieger Cub awards to identify budding talent.
TiEcon Australia, Melbourne

Nitya Shanthi at TiEcon Australia 2011, Melbourne
On Jan 28th, TiEcon Australia 2011 engaged Australian leading business chiefs and entrepreneurs discussing the essence of successful entrepreneurship. Former Fosters CEO Trevor OHoy was keynote speaker. The common thread of the conference was on success being closely related to ones drive and desire to make a difference. The topics included Translating your Passion into Business Success, The Role of Ethics in Business Success and The Meaning of Giving. The Speakers include Nithya Shanthi (Happiness coach and monk), Phillip Wollen, (philanthropist and founder, Kindness House) and Charles Kovess (Entrepreneur).
TiE Asia Pacific Conference, Malaysia

Themed ASEAN and India - Going Global, the objective of the event is to forge linkages amongst the Southeast Asian Nations, and leverage business opportunities both in Malaysia and India. Sri Najib Tun Abdul Razak, Prime Minister of Malaysia graced TiE APAC 2010 conference. Kamal Nath, Minister of Road Transport and Highway of India, who has actively spearheaded efforts to attract foreign business, boost exports and promote trade and investment, delivered the keynote address.
PK Agarwal, Prime Minister of Malaysia and Kuna Sittampalam (TiE Malaysia President) at APAC conference
15
SUCCESS STORIES
TiE firmly believes in its mission of fostering entrepreneurship. Within the TiE ecosystem, there is a long list of committed TiE mentors, who are actively engaged in mentoring, advising entrepreneurs and encouraging new ventures. The success stories at TiE are a result of Chapter activities focused on the three pillars of networking, mentoring and education. Mentors and mentees find each other in a myriad of ways - at our major blockbuster events, well attended educational programs, and business competitions. TiE chapter managers and mentors are always excited to identify promising new startups, who can be guided for success.
Some Startups assisted by TiE

Cognovision Beulah London Soul Tree Wine Jade Magnet Big Green Company IRTEX SchoolMATE Retail & Electronics Industry Retail & Fashion Industry Restaurant, Food & Beverage Industry Advertising & Internet Industry Cleantech Industry Trucking & Transport Industry Education & Mobile Industry
TiE Mentors
TiE celebrates all its mentors who share their wisdom with aspiring entrepreneurs. TiE programs and initiatives encapsulate mentoring, business competitions and associated coaching as well as networking opportunities that have a strong impact on a startups learning curve. Entrepreneurs who took the time and interest to interact with TiE mentors saw a windfall of benefits from bootstrapping advice to venture funding. Read on to find some interesting Success Stories that took place in the TiE Network in 2010.
Keep away from people who belittle your ambitions. Small people always do that, but the really great make you feel that you too, can become great. Mark Twain
Mohammed Raja
Product Director - EU, Trip Advisor Charter member, TiE UK Startups mentored - Beulah London, Soul Tree
Raj Ruia
Managing Director, Richard Haworth Charter member, TiE UK Startup mentored - Beulah London
Vikas Shah
Director, Swiscot Group Charter member, TiE UK Startups mentored - Soul Tree
Pulin Chandaria
Business Executive, Comcraft Canada Ltd. Charter member, TiE Toronto Startup mentored - Cognovision
Suresh Madan
Executive Vice President, Excalibur Capital Management Inc. Charter member, TiE Toronto Startup mentored - Cognovision
Raju Reddy
Founder & CEO, Sierra Atlantic, Inc. Charter member, TiE Silicon Valley Startup mentored - Cognovision
Muki Regunathan
Founder & CEO, Pepper square Charter member, TiE Bangalore Startup mentored - Jade Magnet
Walli Ullah
CEO, Execcoach.com Ltd. Charter member, TiE Manchester Startup mentored - Big Green Company, UK
Gurmeet Chawla
Director, Master Trust Ltd. Charter member, TiE Chandigarh Startup mentored - IRTEX
Shivneet Singh
Executive Director, TIE Chandigarh Member, TiE Chandigarh Startup mentored - IRTEX
Raghu Rajagopal
CEO, Energeate Charter member, TiE Chennai Startup mentored - SchoolMATE
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SUCCESS STORIES
Wear your heart on your sleeve: Beulah London, UK
Startup Sector Founders
: Beulah London : Retail & Fashion Industry : Natasha Rufus Isaacs and Lavinia Brennan TiE Mentors : Mohammed Raja, Vikas Shah
L to R: Natasha Rufus Isaacs and Lavinia Brennan, founders of Beulah London, a luxury fashion brand with a social enterprise theme.
Vikas Shah, Director of Swiscot and TiE Charter Member, mentors Natasha Rufus Isaacs and Lavinia Brennan, founders of Beulah London, a luxury fashion brand with a social enterprise theme. Beulah London is a luxury fashion brand with a twist. Natasha and Lavinia successfully combined their love for fashion, with their passion for social justice. Inspired by the injustices they saw during their travels, they have created a new-breed of socially conscious businesses. Natasha Rufus Isaacs and Lavinia Brennan launched their ethical fashion label after working in the slums of Delhi with women and girls rescued from the citys underground sex trade. The enterprising pair will be donating a portion of their profits to Indian and UK organisations and charities dedicated to eradicate this modern-day slavery. Mentors at the TiE UK Chapter connected them to Vikas Shah, a TiE UK Charter Member and Director of Swiscot, a diverse trading company with activities in luxury and retail linens, contract textiles, fabrics and yarns, commodities, finance and consulting. Natasha Isaacs quotes: We have found the TiE Mentoring program extremely useful. After our initial meeting with Mohammed Raja at the British Library, we were put in touch with Vikas Shah, a mentor who understands the field we are working in. His advice and encouragement has been invaluable, and we are really supportive of TiE and would encourage any young entrepreneur to get involved. The company has been running for 7 months now and, with the help of Vikas, they hope to be able to overcome obstacles, and grow the business successfully. Vikas quotes, My career to date has engaged me in a lot of different sectors, ranging from advertising and branding, to luxury retail, investment, and even charities around the world. For Beulah, the advice I provided drew on all these areas of experience, being a business focussed on luxury and branding, with a philanthropic angle, and is also gearing up to become investment ready.
Prior to their first meeting Vikas researched the market, their product, and value proposition. In the beginning of the mentoring session, he focused on getting a good understanding of the objectives of its owners. Subsequently, they went ahead with developing a really solid plan for integrating their brand/ marketing side of the collection, with the social impact side of the business. Natasha said about the advice given to her by Vikas,He helped us think outside the box, in terms of developing a strong link with our corporate social responsibility to enhance our brand. Vikas gave us advice on stock inventory, customer interface, shared market experience, and gave us constructive feedback which was exactly what we needed. Recently, Beulah London has unveiled its first collection Amazing Grace for Spring/Summer 2011. There is a buzz about their new socially conscious startups and the founders are thrilled about that. The dresses have some high-profile admirers, including Sex and the City star Sarah Jessica Parker who saw them at Paris Fashion Week. Beulah is currently being stocked in a couple of stores in London and Singapore. Vikas Shah said about his experience as a TiE UK mentor for Beulah London: Through TiE, I have had the privilege of being able to mentor some of the UKs most talented young entrepreneurs. As a mentor, it is a wonderful opportunity to be able to share skills and experience with upcoming businesses, learn about changing markets, and different business processes. I think, as a mentor, you take as much out of the experience as your mentee!
Website: http://beulahlondon.com/home.html
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SUCCESS STORIES
An Eye for Success: Cognovision, Toronto
: Cognovision : Retail & Electronics Industry : Faizal Javer, Haroon Mirza and Shahzad Malik TiE Mentors : Pulin Chandaria, Suresh Madan
Startup Sector Founder
L to R: Faizal Javer, Haroon Mirza and Shahzad Malik, co-founders of digital signage company Cognovision, which was recently acquired by Intel
In September 2010, Intel bought the digital signage company Cognovision, an Ontario- based startup in an effort to enter this quickly expanding market segment. Paul Otellini, CEO of Intel said about the acquisition at the Intel Capital CEO Summit, Its an area where for not a lot of money you can really pick up some of the leading companies that turbo charge you into this segment. The founders of Cognovision were contestants of TiEQuest Business Venture Competition, organized by TiE Toronto in 2007. Cognovision provides anonymous face detection and people tracking software for the retail and out-of-home advertising industries. Their revolutionary technology measures the effectiveness of media displays and gathers data on customer behavior using small camera sensors and computers in signs and other places. The technology allows signs to monitor how long a person looks at an ad, allowing more targeted ads, and has the ability to change if people show that they are losing interest. Over the years, the company benefitted from ongoing mentoring through the TiEQuest business venture initiative to reach a stage when it became attractive to the semiconductor maker. We are very proud to see that one of our TiEQuest finalists has evolved to be so successful. Their success will surely be inspirational to other contestants in the competition says Suresh Madan, President of TiE Toronto and the chief organizer of the TiEQuest Business Venture Competition. TiEQuest venture competition is open to all current and aspiring entrepreneurs in North America, and requires that contestants have an original business idea. The competition receives diverse business ideas proposed by contestants who are PhDs, MBAs, medical doctors, engineers and chartered accountants. Faizal Javer says, As a former participant of TiEQuest, we strongly recommend TiEQuest to all entrepreneurs with a burning idea, or even if they are with an established business; as it can help refine that idea and help focus on an area which will most maximize your average. Today, all three co-founders give their unqualified support to the TiE Toronto mentoring sessions as part of the annual TiEQuest business venture competition. 18 ANNUAL REPORT 2010-11
At their introductory meeting, Pulin offered great feedback on their presentation, stressing the importance of having an Intellectual Property strategy initiated very soon, and suggested potential people to add to the team such as a management team member with marketing or media experience. Says Haroon, Pulin did a deep dive on our Business Plan with feedback on our Executive Summary, Elevator Pitch, as well as a review of the financials. He helped us revise the amount of funding we were looking to raise. Haroon also stresses on the benefits of the TiEQuest program saying, TiEQuest in itself was an absolutely invaluable experience for us because the process we had to go through to get through the various competition gates was incredible. The competition forced us to articulate our business plan, to go through the through process of financial projections, and we had the opportunity to get some wonderful feedback on our business from the TiE ecosystem of seasoned professionals and entrepreneurs. Beyond TiEQuest, Pulin continuously offered guidance and support. Over the years, he continuously checked in to see their progress, and was available as a sounding board for strategic decision-making or brainstorming. His mentorship continued during the negotiations with Intel; and it continues on post acquisition. They also sought assistance from Raju Reddy, a TiE Silicon Valley Charter Member from the IT sector, who became their mentor in December 2007. Raju was absolutely great in offering his guidance and feedback, and always made himself available to us. Moreover, he also opened up his network to us. During our negotiations with Intel Capital, he connected us with a close colleague who previously worked there, which provided us amazing insight on how the venture fund operated, and the key management there. Haroon sums up his experience and guidance received saying, Overall, TiE helped change our lives, and for that we will be forever grateful.
Website: http://www.cognovision.com
SUCCESS STORIES
Jazzing up the trucking business: IRTEX, Chandigarh
Startup
: IRTEX (Indian Road Transportation Exchange) Sector : Trucking & Transport Industry Founder : Ankur Tripathi, Nitin Gupta and Saurabh Gupta TiE Mentors : Gurmeet Chawla, Shivneet Singh
L to R: Nitin Gupta, Ankur Tripathi and Saurabh Gupta, co-founders of IRTEX, a state-of-the-art transportation exchange
Gurmeet Chawla and Shivneet Singh mentor and support young and upcoming entrepreneurs from Chandigarh, who aspire to make a tangible difference in the infrastructure and transport systems in India. The trucking and transport industry is one of the major lifelines of an economy delivering goods and services to locations far and wide from bustling metropolises to inner cities and villages. The road transport sector in India contributes close to 4% of the gross domestic product (GDP) i.e. to the working of the economy. However, the trucking business in the country also suffers from huge inefficiencies.
An entrepreneur though sees a bright light at the end of dark tunnel. And three alumni of IIT Bombay and Cornell University Ankur Tripathi, Nitin Gupta and Saurabh Gupta saw an opportunity to affect change in one of the most inefficient and unorganized sectors in India. They were motivated to improve the functioning of the road transport sector and contribute positively towards national savings and countrys growth They realized the need for a real-time marketplace for road transportation to solve the existing problems. The team conducted extensive market survey for four months to gauge the market size and therein explore opportunities, before they were fully convinced of the idea. This was how Indian Road Transportation Exchange (IRTEX) was conceptualized. IRTEX focused on improving in-process efficiency by consolidating unorganized and fragmented road transportation sector in India. Through electronic communication channels such as mobile phones, email, and a web based interactive network integrated with their regional offices, IRTEX team designed a state-of-the-art transportation exchange to enable transporters, booking agents and other logistics service providers to interact on a wide scale, with resulting efficiency and increased profits. The IRTEX team presented their business plan at EnterPrize 2009, business plan competition organized by TiE Chandigarh. Ankur says, We won the event, but more importantly, the recognition and guidance we received during the course of event helped us tremendously in
getting started. Ankur further elaborates on the mentoring and guidance received, TiE connected the IRTEX team with Mr Gurmeet Chawla, an experienced mentor, who assisted our team in refining our financial model, as well as strategic and operational issues. As conceptualized, IRTEX was a very sophisticated system, and Gurmeet advised us to hone in on the most critical problems to work better in the existing market scenario. Insightful discussions with Mr. Chawla brought the idea closer to the problem which needed immediate attention. TiE Chandigarh provided immense help and support to the team by connecting them to the relevant audience who could critically analyze the business plan and the product. The IRTEX team received great support from Mr. Shivneet Singh (Executive Director, TiE Chandigarh), who helped them to network with potential investors, mentors and strategic partners through various networking events, attests Ankur Tripathi. IRTEX has launched the pilot services with selected group of industries, transporters and booking agents operating out of Mumbai, and already have a customer base of more than 50 booking agents and transporters. IRTEX has plans to expand its reach across 65 major logistics hubs of the country by 2014. To fund this growth, they are planning to raise $400,000 as seed investment. Ankur is thankful for his TiE connection, saying, The entire IRTEX team thanks TiE for providing all the support to the business idea at the stage when it was required the most. Website: http://www.irtex.in
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SUCCESS STORIES
Cocktails with your Curries: Soul Tree Wine, UK
Startup Sector Founder TiE Mentors
: Soul Tree Wine : Restaurant, Food & Beverage Industry : Melvin DSouza and Alok Mathur : Raj Ruia, Managing Director of Richard Haworth
L to R: Soul Tree founders - Melvin DSouza and Alok Mathur find the perfect blend of both worlds
Raj Ruia, Managing Director of Richard Haworth and former TiE Manchester Board and Charter Member, mentored Melvin DSouza and Alok Mathur, Founders of Soul Tree Wine, a wine business bringing Indian wines to the Western world. The Soul Tree story began in 2009, soon after Alok and Melvin finished doing their MBAs at Oxford Universitys Said Business School. During a trip to India, Melvin and Alok visited a few vineyards in Nasik their native place which also happens to be a nascent wine producing area of the world. They were floored by the distinct wines that beautifully complemented Indian food, and knew instantly it would be a hit with curry lovers in UK. Their research indicated that the wine market in UK was already at overcapacity with 7,000 different wine brands available. However, the good news was that Indian wines were scarce in the UK market. There were 10,000 odd Indian restaurants in the UK selling wine worth 180m every year and almost none of it came from India. With this knowledge, Melvin and Alok decided to break into burgeoning Indian wine industry and bring Indian wines to the UK. They also loved the fact that their business bridged the two nations they called home and allowed them to successfully fine tune the proposition at each end. It took them over a year to put everything into place, from setting up sourcing from India to market research into the habits of British wine consumers, and branding and operations in the UK. Alok and Melvin started marketing efforts for Soul Tree in November 2009, with the launch of the Soul Tree website. In spite of their combined experience in the world of international business the wine industry was relatively new to them, and they sought help through the TiE UK mentoring program. They received structured mentoring sessions for several weeks on the Mentoring Program in partnership with the British Library with Mohammed Raja as the professional mentor. Says Melvin, The sessions with Mohammed were the perfect forum for re-evaluation and fine-tuning of business plan ideas. Mohammed was a great sounding board, offering advice on key issues. Preliminary guidance was followed by real life mentoring by TiE UK charter member, Raj Ruia, Managing Director of Richard Haworth. With his practical experience of running Richard Haworth, one of UKs leading trade suppliers of luxury linens to hotels and restaurants, Raj Ruia was ideally suited to advise the fledgling startup in a similar marketplace. Raj worked on 20 ANNUAL REPORT 2010-11
the companys business plan, pricing strategy with Melvin and Alok to make their business more commercially viable. He gave realistic advice on how they could position Soul Tree Wines in the market, and how their different wines should be priced. Raj also introduced Melvin and Alok to a master of wine who has been providing technical advice and the founders continue to seek her approval for each wine. Recounting his mentoring experience Melvin says, Sound advice coupled with useful contacts within the wine industry in the UK made a significant impact in several different ways to how Soul Tree has developed as a business. Rajs input into the business have gone a long way towards its success to date. The wheels of the company were in motion in June 2010, and their contention that the curry-loving British would love the idea of an Indian wine in an Indian restaurant was put to the test and proven. Market response was much better than expected and 25 restaurants were quickly signed up to sell Soul Tree wines. Recounting his mentoring experience with Melvin, Alok and Soul Tree Wine, Raj Ruia said: During that initial period Melvin, Alok and I were extremely busy and lived a fair distance apart, but still managed to meet and have regular phone calls. Melvin and Alok already had their business idea and plan in place and had great entrepreneurial spirit but now needed to bounce ideas off someone and iron out areas of concerns. I was able to help them here and made them look further into certain areas of their business that required more attention. Also I put Melvin and Alok in touch with a few personal contacts within the wine industry who gave them a lot of time and support which was most beneficial. It was definitely a two-way relationship and I am glad my advice to both Melvin and Alok helped them develop what is a great business venture! Melvin DSouza and Alok Mathur said: The TiE mentoring program has proved to be an invaluable resource. We found both Raj and Mohammed to be superb sources of inspiration, real-life experience, industry contacts, and great practical advice. Alok and Melvin have made great progress so far with UK distributors and now supply wines to about 40 restaurants in the Midlands and East counties with supplies to London restaurants set to start in mid-November. Soul Tree Wine has also entered the European wine market through distributors in Germany and France who work on an independent contract basis and they are also working on a large order in the United States. The founders believe that Soul Tree Wine is set to capture the hearts and minds of millions of curry and wine lovers in the country and across the world. Website: http://www.soultreewine.co.uk/home.html
SUCCESS STORIES
Embarking on a new journey: Big Green Company, UK
: Big Green Company : Cleantech Industry : Wayne Morris : Walli Ullah
Wayne Morris gets energized with his new Cleantech venture - Big Green Company
Walli Ullah, TiE UK charter member motivates Wayne Morris to take a leap into the sunshine industry. After graduating from Manchester Metropolitan University with first class honors in Economics, Wayne Morris, began working at Galen Pharmaceutical company, a major pharmaceuticals sales and marketing company in the UK. Few years later, Wayne felt the need to leave the large corporation to go it alone and began his entrepreneurial journey. Wayne set up his own pharmaceutical consultancy, viewing it as a safe and secure option, considering he had the knowledge and expertise in this area. His venture went well, till they unexpectedly lost a large contract with a major pharmaceutical company, and had to close shop. Wayne says, I did not want to go back into corporate business - that I was sure of. I had a little taste of running my own business and really liked it. Only issue was that I could not think of a successful business I could do, on my own. In the transition period, he took up a sales job, and broaden his skill set, and set up an online insurance comparison site. This enabled him to quickly understand the power of online sales, and how seamlessly it can be executed. In honing his skills, he prepped himself for bigger and better things. Soon, he took up a new office in Manchester, and positioned himself to be in the centre of action. Wayne did take on a big risk with no turnover, no staff, and nothing but a dream to run a large, successful company. Jean Drinkwater, chapter manager at TiE Manchester who worked nearby, suggested that he could join her organisation and take part in the Manchester mentoring program. After receiving my application, I was assigned to TiE Charter Member, Walli Ullah, who, as well as being a successful film producer, also runs ExecCoach.com which works with business owners and senior executives to improve personal and business success. Walli met with me and so began my mentoring program. Says Wayne, Walli suggested that I look at solar energy as a new business, very early on in our meetings, underscoring that environmental and green issues were an impactful, global and current business area. He suggested a couple of ideas to get the business off the ground, and thats how the Big Green Company was born.
Over the next 12 months, I met with Walli who endured my endless frustrations of having tried every strategy in the book to get the business underway. Wallis response was always, There is a way, you must keep trying. I guess a good skill of being a mentor means you have to be patient with the mentee; Walli passed this test with distinction! Wayne invested 20,000 personal savings, to start the business, and 8 months down the line, he had made no sales and there were no signs of earning money. Another 3 months and several methods were tried to sell solar energy including telesales and internet selling. I was finally led into the idea of opening a solar centre in a garden centre, which would have fully operational displays that customers could see working. From there, everything changed. At last, Wayne had found a formula that worked and the company gradually took off. Today, after a year into his startup, he still works 7 days a week, and has had consistent growth in business. And the results of all the efforts are paying off. Big Green has a turnover run rate of 1.2 million, and sells to 3 sites (Cheshire, Southport, Edinburgh) The UK market is set to see a significant increase in the number of homes installing solar panels as a result of the government feed in tariff. The Big green company is dedicated to helping people understand the benefits of solar panels and making solar energy more affordable. Through their network of solar panel centres, people can actually see how solar panels generate free hot water and free electricity. Moreover, the solar panel has improved a lot over the last few years, which means that even with the UKs variable climate; the saving potential is considerable. Today, Wayne Morris, managing director of his own green business says, TiE Charter Member, Walli Ullah is now on board in the company as a formalised non-executive director and I am sure our relationship will continue to flourish. I would like to thank TiE for their support in my business for the past 18 months and to personally thank Walli for supporting me and giving me the idea to do solar energy. The target next year is to grow the business to 10m turnover, and a 5 year target of achieving 100m turnover. I feel confident that with the right senior management team, we can achieve this result and become the market leader in the installation of domestic solar panels. Website: http://www.biggreencompany.co.uk ANNUAL REPORT 2010-11 21
SUCCESS STORIES
Harnessing the wisdom of the Crowds: JadeMagnet, Bangalore
: Jade Magnet : Advertising & Internet Industry : Sitashwa Srivastava, Manik Kinra : Muki Regunathan
L to R: Sitashwa Srivastava and Manik Kinra, co-founders of Jade Magnet, a novel online advertising platform
Jade Magnet benefits from a host of mentors at the TiE Bangalore Chapter, as well as seasoned entrepreneurs and senior management in the advertising and online world. Jade Magnet is a crowdsourcing platform that brings together more than 1100 creative providers on their network providing services to more than 45 clients. The creative services offered on the portal range the creative bandwidth from branding, advertising, animation, communication, graphic design, and product design across various media. Jade Magnet is like ebay for creative designers, says Sitashwa Srivastava, cofounder of the internet venture. He is also quick to point that they have spent considerable time improving processes and identify pain points, on existing popular design portals. It was 2008 when Sitashwa Srivastava and Manik Kinra, two young entrepreneurs got together to create their own business. They pitched a novel online advertising platform - creADivity at TiE Bangalore Chapter s business mentoring program Entrepreneurial Acceleration Program or TiE-EAP. Their project won the award in the TiE-EAP program that year, and thats when their entrepreneurial journey began. TiE provided exceptional mentoring support and great networking opportunities to Sitash and Manik. The team was invited to TiE Entrepreneurial Summit 2008, to meet potential mentors, investors and people from related fields all of which helped give shape to the business model. Bringi Dev and Shashi Kiran, chapter management at the time, introduced them to several key mentors at TiE Bangalore. Sitash is grateful for TiEs support for his new venture. He says, A good brand in your story helps you immensely. We were fortunate to be incubated by a famous organization like TiE. We networked with several people, and formed our first customer base from interactions at TiE meetings and events.
himself. He was secure in his business and industry, to show us the ropes of the trade. He also had the vision to become an advisor viewing that our online creative business model would complement his existing business, in market segments that he was unable to tap himself.
Sitash and Manik received $200,000 seed investment from Muki. The company was rebranded as Jade Magnet and started working aggressively on building the online platform and expanding the service ecosystem. Sitash says, Muki supported our endeavour wholeheartedly. He shared his office space with us, as well as many business processes from the business that we could incorporate as our own. He introduced us to many contacts in his network, and was comfortable with us, viewing him in action as he operated his business affairs, and we learnt the trade. Mukis clients at pepper square like Microsoft, Wipro, HP, CISCO, Texas Instruments, Max Healthcare, Reliance ADAG, among others. And Muki did not hesitate to introduce his protgs to his network within the industry. The team was able to quickly leverage Mukis business network, which brought in a 100% month-on-month growth in sales. The team has also taken his help in building strong delivery processes that are extremely crucial to the business, given the ever-expanding provider-base that Jade Magnet has cultivated. The team continued to receive a lot of personal leadership advice and grooming from a host of mentors. Some mentors and advisors along their journey have been Samir Kumar (Partner, Inventus Capital), Sanjay Anandaram (Founder, Jumpstartup), Rajan Anandan (MD, Microsoft India, Sales & Marketing), Srikanth Sastri (MD, Digitas India, part of Publicis Group) With a current advertising and creative development market size of more than $20 billion (India & US), Jade Magnet is looking at expanding its universe of providers and partners. Today, Jade Magnet is eyeing customers in UK, Silicon Valley and Dubai to establish their worldwide creative presence.
The TiE Bangalore team also introduced them to Muki Regunathan, Founder & CEO of pepper square, a creative agency pioneering in online media. Muki, who was once creative head at Xerox Parc India development had over 15 year of branding, and interactive marketing experience. With several common interests, the three quickly developed a great rapport. Talking about Muki as his mentor, Sitash says, Muki is energetic, passionate and could connect easily, being a young entrepreneur
Website: http://www.jademagnet.com
SUCCESS STORIES
Seamless Learning: SchoolMATE, Chennai
Startup Sector Founders TiE Mentors
: SchoolMATE : Education & Mobile Industry : Hari Krishnan, Ravindra Vytla : Raghu Rajagopal
L to R: Hari Krishnan and Ravindra Vytla, co-founders of SchoolMATE with their mentor Raghu Rajagopal
Students, teachers and schools get tech savvy with useful tools like SchoolMATE. The founders of SchoolMATE received guidance and recognition from TiE Chennai charter members.
SchoolMATE, short for school management at ease is a software for schools and learning centers. SchoolMATE or School Management AT Ease is a CRM (Customer Relationship Management) and ERP (Enterprise Resource Planning) software for Educational Institutions. SchoolMATE is a Saas based product offered to educational institutes, which helps to track student performance, teacher performance, analysis of financial information, staff payroll, timetable, attendance etc. As it is a simple SMS based service, it has better adoption. The product stemmed out of the noble thought of assisting education and learning. SchoolMATE aids the flow of information between teachers and parents. The platform enables schools to continuously update parents about their child's status and performance over their mobile phones through text messages (SMS) and also through e-mails and Web using a secure mechanism. With the ubiquity of mobile phone, email and internet connectivity, these tools are the most used and rapidly growing electronic communication media in the entire world. It enables schools to deliver messages to parents, wherever they are. The total process is completely automated and this software gives lot of flexibility to address the school needs right from student's admission, attendance and performance analysis. Hari Krishnan K and Ravindra Vytla found common passion in their college days at BITS Pilani and together incubated their first company of BITS Pilani - "Bridle", which was later rebranded as SchoolMATE. TiE Chennai Chapter recognized the potential that Hari and Ravi held and connected them to Raghu Rajagopal, a TiE Charter Member and mentor. SchoolMATE received a thumbs up for being a complete, mobile based student analysis system, and raised funding from Chennai fund through a business plan contest. Chennai fund angel investors comprising Suresh Kalpathi (SSI, Aptech, Kalpathi Investments), R Ramaraj (Sify, Sequoia), K B Chandrasekhar (e4e, Jamcracker), Gopal Srinivasan (TVS), Raghu Rajagopal (Energeate) and Ram Mohan (Afilias) chose to invest in Bridle, the company behind the SchoolMATE product. "Following the initial investment of Rs. 1 crore by Chennai Angels, TiE Chennai nominated Raghu Rajagopal as their principal mentor. "Having run a large sales enterprise, Raghu brought to the
table his hands-on experience and phenomenal energy that helped us scaleup the business - introducing potential partners and customers in new territories. We are very thankful to him as he played a major role in making our dream come true." says Hari Krishna, co-founder and Vice President of SchoolMATE. Ravindra Vytla, co-founder and CEO says, "Having participated in the Mentoring Program, I continue to be a strong supporter. The success received is an indication of the effectiveness the program provides. It a great privilege for a young entrepreneur like me to be a part of this. It is truly educative, enjoyable and rewarding." The mentoring process started with detailed research on the market opportunity, customer pain points and competitive analysis. Subsequently, an effective business model and sales model were developed. Thereafter, they develop a solid plan for integrating technology to the business. Raghu, who is now Director of SchoolMATE states, "I thoroughly enjoyed being the mentor. With every new project comes new insights and perspectives. I see this as an opportunity for self-development and increased motivation. I am thankful to TiE Chennai for giving me this opportunity." Currently over 70,000 parents in the cities of Hyderabad and Vishakapatnam are using SchoolMATE, and are being updated on their mobiles about their childs progress at school. Schoolmate's ERP generates over 250 scientific reports, empowering teachers and school management to monitor and deliver more meaningful classroom sessions. In 2010, SchoolMATE was showcased among the top 5 success stories at TiE Summit, Delhi. The trio also won the Best Business Plan award from Prof C K Prahalad at the Pan IIT 2008. They were also featured among Asia's Top 5 Startups by Entrepreneurs under 25 by Business Week 2006. Edserv, a public listed Education company in India, recently acquired SchoolMATE for Rs. 4 crore. With this, it expects to reach revenues of over Rs. 40 crore out of school services in the next 12 months. The deal is part of its strategy to a progressive learning model for school students through Edserv's School division "Vidhyadhana academy", in tune with its plan to expand presence to over 250 schools, by the end of the year. Edserv Chairman and CEO, S Giridharan says, "Schoolmate will strengthen the academy's plans to implement progressive learning model at schools to achieve career mapping for every student." Website: http://www.vidhyadhana.com/schoolmate.html ANNUAL REPORT 2010-11 23
CHAPTER HIGHLIGHTS
TiE GLOBAL AWARDS 2010 1. Chairman's Award: TiE Boston
The Chairman's award was presented to a Chapter demonstrating breakthrough performance - by innovation of a stellar program, demonstrating value from the program and creating interest and assisting implementation at the Global level. This award was presented to TiE Boston for outstanding innovation of the "TiE Young Entrepreneurs" program and collaborative mindset by which the team collaborated with TiE Global and other Chapters to implement the program in different locations.
2. Best TiE Chapter: TiE Delhi

The Best TiE Chapter award is presented to a Chapter that is consistently performing at the highest level - raising the benchmark and surpassing expectations in all aspects of a chapter performance and therefore being a model for all other Chapters throughout the network. The award was presented to TiE Delhi for conducting superior programming, collaborating with other Chapters, attracting excellent speakers, and engaging its membership.
3. Best Overall Turnaround: TiE Mumbai

The award for Best Overall Turnaround in Performance is based on the greatest change and demonstrated sustainability in performance for a Chapter to succeed in all areas, including Charter Membership, Membership, Sponsorship, Event Momentum, and Financial performance. The award was presented to TiE Mumbai for turning around the Chapter from inertia in 2005 to a one of the top Chapters in the TiE Network today, due to phenomenal increase in membership, dynamic leadership, consistently elected Board, regular events and programming and a focus on sponsorship and financial reserves.
4. Best Mentoring Program: TiE Melbourne

Mentoring is one of the keystones of TiE. The award for Best Implementation of Mentoring Program was the recognition of a well defined process for mentoring by the Charter members and their effort to support and encourage aspiring entrepreneurs. TiE Melbourne receives the award this year due to effective mentor-mentee matching, despite a relatively small pool of members, providing a useful guide on building an "Active Mentor List", and Success stories as a result of the mentoring program.
5. Most Innovative Program: TiE Toronto

There are many unique and distinctive programs that are successfully being implemented across our network. The award for Implementation of an Innovative Program is presented in recognition of a Chapter which takes into account the interest of their community and executes a program or event in an innovative way thus furthering the success of their Chapter. This year's Innovation award was presented to TiE Toronto for their success on the "TiEQuest Business Plan Competition" - a robust competition that has been able to identify entrepreneurs and fledgling enterprises in the community and connect them to venture funding and experienced mentors. There have been over 35 Success Stories produced within the year itself speaks volumes on the impact of the programming.
6. Most Effective Leadership Transition: TiE Atlanta

Smooth leadership transition is vital to the sustainability and future of a Chapter and therefore this award is in recognition of a Chapter which has consistently been able to transition the leadership with minimal disruption. The award for Effective Leadership Transition (three plus changes in Presidency) was presented to TiE Atlanta. TiE Atlanta has been a model Chapter and has focused on this aspect of building the core Executive team and Board team, and actively involving the President Elect, so the Chapter can effectively build on momentum build by previous leadership.
7. Most Successful Collaboration: TiE UK

This award for Most Successful Collaboration with other Chapters/entities is in recognition of a Chapter building strong relationships with external organizations and/or collaborating with other chapters to create joint initiatives or programs that enhance the TiE brand beyond individual chapter geographical limits. This year, TiE UK won this award due to championing Global programming, creating positive relationships with Global Sponsors and extending an ever-helpful hand to assist new and upcoming Chapters, and in assisting visiting TiE charter members and delegations.
Mentoring is the
bedrock around which our activities are organised. It is the value differentiator that sets us apart from others.
- Apurv Bagri, Founding President, TiE UK & TiE Global Chairman (2008)
Dwell not upon

thy weariness, thy strength shall be according to the measure of thy desire.
- Arab Proverb
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CHAPTER ACHIEVEMENTS
The focus of TIE Chapters is to build and nurture the next generation of entrepreneurs through mentoring, education and networking. Chapters assist their members by providing several business networking opportunities in the form of events, seminars, workshops and mentoring relationships. TiE Chapters organize activities throughout the year, engaging charter members, mentoring start-ups and energizing the chapters growth. Several charter members are devoted to mentoring and educating young aspiring entrepreneurs to launch a successful business venture. A large number of TiE members and volunteers assist their local Chapters to deliver value to the community at large, with the spirit of innovation and passion to affect positive change.
North Americas
TiE Arizona
TiE Arizona organized TiE Mentorfest, a unique group mentoring event, allowing startups to benefit from TiE Arizona mentors. The team organized several forums on Venture Capital and angel funding. The Chapter detailed stories of three Phoenix entrepreneurs in From Startup to Exit. The Chapter has strong support of 30 charter members, who continue to network at regular TIE events and derive satisfaction by nurturing aspiring entrepreneurs.
TiE Atlanta
It was the year of peaks for the Atlanta Chapter of TiE. Over 70 Charter Members and 500 members participated in or attended the largest number of events in 2010. Revenue from the three primary stakeholders hit all time highs: Charter Member Dues, Sponsorship and Membership. Continuity in leadership exhibited itself clearly in Atlantas stellar performance, and TiE Atlanta won the Most Effective Leadership Transition for the year. Their executive team expanded to 11 committees entirely led by volunteers. In early 2010, TiE Atlanta launched the Global TYE program to work actively with universities and high schools and reach out to budding, young entrepreneurs in order to extend the resources of TiE Atlanta to them. Their blockbuster event TiE Atlanta Entrepreneurial Summit (TES) was held in July 2010. (see Blockbuster events) In October 2010, serial entrepreneur Michael Coles ignited the audience, and TiE Entrepreneurial Awards were awarded at this gathering. The Georgia Institute of Technology and Georgia State University kicked off the TiE Atlanta University initiative holding three networking events with powerful panels. The Chapter launched the Technology Media and Telecom (TMT) SIG and has a robust social media program, effectively connecting the Atlanta community.
TiE Atlanta leaders at their Gala event TiE Atlanta Summit, 2010
TiE Austin
TiE Austin co-hosted their annual Texas Funding Forum, jointly with TiE Houston. This successful event showcases early stage entrepreneurs who make business pitches to VCs, bankers and lawyers. TiE Austin was able to energize their member community and with the launch of the TYE program for young high school students. TiE Austin featured engaging events such as Mentoring Roundtable, India Innovation Connect, and promoted the 1M/IM Strategy Roundtable for entrepreneurs. In 2011, they partnered with RISE, as an in-kind sponsor for speakers, venue, and marketing. TiE Austin introduced the TYE program this year ANNUAL REPORT 2010-11 25
CHAPTER HIGHLIGHTS
TiE Boston
The TYE program that began in Boston in 2005, is now a global program running in 3 different continents. Chief Guest, Jaishree Deshpande announced the 2010 winners where Enerlyze, an energy demand management solution won the first prize. TiEcon East presented several upcoming startups and inspirational speakers (see Blockbuster events). At the Leaders & Legends Energy Summit held in partnership with the Rock Center of Entrepreneurship at Harvard Business School, Desh Deshpande spoke about his new role as co-chair of President Barack Obamas National Advisory Council on Innovation and Entrepreneurship. Prof. Robert Langer of MIT, spoke at their Leaders and Legends series. TiE-Boston one day conference ForSE (Forum for Social Entrepreneurs) was held at the Northeastern University Startup Leadership 2010 Graduation on Oct 30, 2010. 250 participants were present at the conference. New at ForSE this year was a Social Enterprise Bazaar which saw participation from social enterprises like Moms & Jobs, Project Have Hope Uganda, and more. Chief Guest for the annual Gala held at the National Heritage Museum was Nitin Noria, Dean, Harvard Business School. Among new programs launched in 2010 were TiE LaunchPad Workshops, TiE Cafe and TiE Angels. They hosted 35 industry focused events, CXO Forum, VC Outlook Dinner and saw close to 1500 attendees for their events. With a packed year for their membership, it is only fitting that TiE Boston won the Chairmans Award this year.
TiE Carolinas
In 2011, TiE Carolinas will be hosting the TYE Final Competition at Research Triangle Park, North Carolinas. The TYE program launch has energized membership and connections with the larger community. TYE focuses on high school kids and provides mentoring for a business competition. The TiE Velocity program consists of CMs forming multi-disciplinary teams with complementary areas of expertise providing greater value and mentoring to TiE members. The Womans forum of TiE Carolinas supplements existing programs by emphasizing a womans perspective. They also collaborated with other organizations such as IBM to feature entrepreneurship and innovation events.
TYE Winning team with Sponsor Wachovia
TiE Dallas
TiE Dallas held TiEcon Dallas in October, 2010 (see blockbuster events). The Chapter started TWINE, a womens initiative which gathered momentum. The team connected regularly with Silicon Valley chapter, and featured new and upcoming entrepreneurs.
TiE Detroit
The Detroit chapter has a total of 85 members, who are entrepreneurs and corporate executives with an interest in entrepreneurship. TiE Detroit saw a rapid development of the chapter resulting in an increase in membership by 54 this year. TiE Detroit Chapter has many enterprising individuals who have come together to build a vibrant robust environment dedicated to fostering entrepreneurial talent. The chapter s signature event, TiECon Midwest 2010 was a blockbuster of the year 2010. (see Blockbuster events). The Chapter also focused on team building, organized membership and sponsorship drives and also formed partnership with universities, government agencies and media. The TiE Detroit- Renewable & Clean Energy Special Interest Groups (SIG) contributed positively in attracting interest to this important issue. The Chapter successfully reached out to entrepreneurs from diverse sectors. Social media channels were effectively used to promote TiEcon and other events, and discounts with members and fans, resulting in high attendance. A strong and effective email campaign was carried out that reached over 10K entrepreneurs, businesses, members and guests. They also partnered with business, academic and non-profit organizations to aggregate news items and promote TiECon to extended networks 26 ANNUAL REPORT 2010-11
Tel Ganesan, Chapter President during TiEcon Midwest 2010 with panelists; Kanwal Rekhi was one of the keynotes at the event
CHAPTER HIGHLIGHTS
TiE Florida
TiE Florida revamped the Chapter, and the new board and management are committed to keep an ongoing momentum. They hosted events on clean energy, cloud computing, venture capital and angel investing, issues impacting capital markets and a host of other topics covering many industry sectors.
TiE Houston
TiE Houston hosted events that were varied and versatile with nearly 10 SIG workshops, Young TiE and the TiE Texas Funding Forum. Monthly workshops were held on topics ranging from Networking to Online Marketing. TiE Texas Funding Forum co-hosted with TiE Austin, attracted 55 business plans, in a short span of 3 weeks from over 10 cities in Texas. Their outreach efforts at 2 premier educational institutions, University of Houston and Rice University helped to increase visibility on student campuses in Houston.
TiE Midwest
TiE Midwest or Chicago Chapter promoted several entrepreneurial events in the community. They partnered with Entrepreneur Bash for The Great Lakes Entrepreneurs Bash. They joined hands with midVenturesLaunch, an opportunity for early stage startups seeking funding, as well as Chicago Innovation Awards. The Chapter works closely with the universities, and promoted the India Leadership summit organized by the University of Chicago Booth School of Business as well as Kellogg India Business Conference. The team organized Inventive Entrepreneurship series celebrating Chicagos growing startup community. They also continued their Leaders and Legends and CEO Roundtable sessions.
TiE Minnesota
During the year, Minnesota Chapter conducted a series on Savvy Entrepreneurship. The year saw a host of events to assist and offer guidance to entrepreneurs in the community. One such event was Minnesotas Opportunity Building a Global Competitive Advantage, Fostering Start-ups, Accessing Financing and The Twins-of-Change - Disruptive Opportunities in Science and Technology for Minnesota Leadership. Other events for their membership addressed Healthcare sector, Financing, Doing Business in India, among others.
TiE New Jersey-Philadelphia

TiE New Jersey conducted several My Story sessions with successful business leaders. The educational events for membership included topics such as Building a business from scratch and Opportunities for high growth. The Chapter also conducted a few Roundtable mentoring sessions. The team featured PK Agarwal, CEO of TiE Global at their regular informal CM get-togethers. They partnered with TiE Tristate in 2011 to promote Tiecon Greater New York.
TiE Ohio
TiE Ohio benefitted under the leadership of Richard Herman, chapter president and author of Immigrant Inc. why immigrant entrepreneurs are driving the local economy. TiE Ohio was one of the leading chapters which forayed TiEQuest a business venture competition developed by TiE Toronto and promoted by TiE Global as one of the more impactful and robust mentoring cum startup recognition programs. TiE Ohio also organized the first annual International Entrepreneur awards, recognizing international entrepreneurs and businesses helping to shape the business landscape in TiE Ohio. TiE Pittsburgh and TiE Ohio collaborated and featured several informative events such as Angels changing their wings on angel views on life sciences and biotech fields. TiE Ohio continue to partner with local TiE Ohio International Entrepreneur Awards ceremony libraries to provide educational series for professionals and budding entrepreneurs.
TiE Oregon
TiE Oregon hosted an average of 2 events per month, and delivered great value to their membership with events on clean energy, bootstrapping, semiconductor industry, social media, etc. They featured several inspirational stories on Wikipedia and Groupon, among others. They held several sessions on educating entrepreneurs such as Starting up the open source way, Close funding capital, A guide to successful entrepreneurship Bootstrapping your startup, etc. The Chapter has a strong focus on mentorship program and conducts programs on 3 SIGS clean Cleantech delegation with Oregon mayor Sam Adams & Arun Joshi, President, TiE Oregon energy, life sciences and software and internet. ANNUAL REPORT 2010-11 27
CHAPTER HIGHLIGHTS
TiE Ottawa
TiE Ottawa hosted an average of 2 events per month, and conducted several seminars and workshops entrepreneurs and professionals. They held events specific to the local community such as Building Global Partnership the winning strategy for Canadian companies and Shaping Canadas Clean tech future. The Chapter actively collaborates with TiE Boston and participates in Bostons flagship event, TiEcon East. The Ottawa team continued to host their annual TiE Ottawa Golf and regular networking mixers.
TiE Rockies
TiE Rockies re-engaged their charter membership to take leadership roles at the Chapter. The team focused on educating their membership on investment opportunities in Asia with Connect Asia and Access China Panel. They held educational sessions for entrepreneurs such as Revenue Growth Model and Business skills training. They held an innovative event at an Avalanche Hockey Game, featuring Ashok Rao, current chairman of TiE Global and movie producer. The Chapter has a focused mentoring program with group mentoring and individual sessions. They also organized Mentorfest and Mastermind sessions focused on networking and building relationships within the Chapter.
TiE SoCal
TiE SoCal held several events, in addition to hosting TiEcon SoCal in October. They featured Dr. Deepak Chopra, world renowned author and spiritual guru at TiEcon (see blockbuster events). The team organized several CM meetings, such as Lakers Games, AR Rehman concert, brunch with Gurcharan Das. Currently they have 10 SIGs including Finance, Franchise, Green, Health, Hospitality, Media/Entertainment, Real Estate, Retail, Services and Technology.
TiE Tristate
The new leadership at TiE Tristate played an active role in revitalizing the Chapter. The Chapter leadership and Executive Committee continued their monthly Finance SIGs with several panel sessions on Venture Capital and Private Equity Investing in India. They organized events on renewable energy, real estate and the healthcare industry. In March 2011, they organized their TiEcon The Role of Capital in Entrepreneurship (see blockbuster events). The team continued with Mentors Circle, an initiative to connect entrepreneurs with their CM network. They collaborate regularly with several organizations such as IIT Alumni.
TiE Pittsburgh
TiE Pittsburgh conducts Business Mentoring Roundtable sessions to advise and mentor burgeoning companies from the Pittsburgh region. Partnerships to aid their mentees were developed with Innovation Works and other technology incubators. Quite a few of their 2008 mentees were successful and were invited to be session presenters at the 2009 Entrepreneurs Base Camp, TiE-Pittsburghs flagship event. Entrepreneurs Base Camp, a platform where entrepreneurs and first time CEOs share their knowledge and challenges showcases budding new ventures. TiE Pittsburgh regularly collaborates with TiE Ohio and held a joint event on angel funding for life sciences and bio-tech startups.
TiE San Diego

TiE San Diego celebrated their 10 th anniversary in 2010 with a Gala at the Hotel Del Coronado (see blockbuster events). The team also invigorated the Chapter by instituting TYE program locally. Unfortunately, the Chapter lost one of their most luminary CMs Prof. CK Prahalad, and paid tribute to him and his family. The Chapter began organizing TiE Institute educational events such as Term Sheets and how they define a startups structure and Commercializing Entrepreneurship from University to the marketplace. They held events on cleantech, life sciences and semiconductor industry among others.
TiE Seattle
TiE Seattle continued to energize their member community with TYE program, a $10K business plan competition for high school students. The team held a wide variety of programs on cleantech, lifesciences, social media, cloud computing and mobile technology. They organized several educational breakfast sessions such as Next steps after a business plan and Business plans finding the flaw held by serial entrepreneurs.
Chief Guest Aneesh Chopra, Marshall Goldsmith and others at San Diego Gala
TiE Silicon Valley

TiE Silicon Valleys flagship event, TiEcon drew entrepreneurs and professionals from all walks of life. Other than their star conference, they held regular events and programming for the 28 ANNUAL REPORT 2010-11
Event at Computer History Museum
CHAPTER HIGHLIGHTS
benefit of their membership. They held popular TiE Institute sessions, such as Founder to a Successful CEO: Mastering the Transition led by Naeem Zafar, Professor at Haas School of Business, Berkeley University, and How to Market yourself in Any Economy by Dilip Saraf, Career and Life Coach. They organized My Story sessions featuring founders of successful startups, and continued industry focused events on Cleantech and Lifesciences. They successfully partnered with leading associations in the Bay area, such as GigaOM, OPEN Silicon Valley, GABA and SAMBAA. The Chapter launched TiE Angels, an angel investment group formed by their CMs to support top-tier startups with early stage investment and support. The team conducted special events with their sponsors - Sierra Ventures, IBM, and Pillsbury. Throughout their programming, they were able to successfully engage their sponsors and charter members.
Panel Session with Danl Lewin, Microsoft
TiE Silicon Valley team organizes annual TiEcon conference
TiE Toronto
TiE Toronto organizes TiEQuest, a successful business venture completion each year (see Global Initiatives). TiE Toronto organizes regular breakfast seminars on Doing Business in India. They organized TiE Entrepreneurial Forum sessions where successful entrepreneurs narrated their journeys. They organized an evening with Azim Premji, founder of Wipro and one of the 25 most powerful business leaders outside the US (Fortune magazine, August 2003). They laid emphasis on their Mentoring Program, which has been paying rich dividend with consistent number of success stories from the Chapter. Their chapter financials have been consistently sound. Due to a wide range of sponsors including investment funds, corporations, universities and government agencies, they have a healthy surplus today. They continued their partnerships with Rotman Entrepreneurship Association at University of Toronto, Canada India Foundation, and Ontario Chamber of Commerce among others.
Launch of TiEQuest 2010 Business Competition
TiE Vancouver
TiE Vancouver focused on engaging their membership and were able to attract top sponsors such as Colliers International, KPMG and Deloitte, among others. The team also organized events on Opportunities in India. They hosted their annual summer barbeque, a networking opportunity for current and new members to learn about TiE.
TiE Washington DC
TiE DC leveraged its strategic location, and the Chapter featured several important business and political leaders. They featured David Rubenstein, co-founder of the Carlyle Group. They also invited prominent DC charter member - Vivek Kundra, federal CIO to speak to members and guests, who shared governmental program and funding available for entrepreneurs. The team promoted an event with Dr. Muhammad Yunus, Nobel Peace Prize winner to feature his new book Building Social Business. The team promoted Global Fairness Initiative with Secretary Clinton and SEWA (self-employed womens association) founder. Over the year, they organized unique events on healthcare, mobile opportunities, digital content among others. The team continued to attract top-brass CMs and engaged membership with stellar speaker events.
South Asia
TiE Ahmedabad
Ahmedabad Chapter was able to attract stellar sponsors such as Zydus Cadila, Sintex and other top local companies in their region. Their organized educational events on How to write a business plan and Legal aspects of starting a business. They featured My Story sessions on several top business entrepreneurs including R Sriram, cofounder of Crossword bookstores, Pradeep Gupta, chairman of Cybermedia group, Milan Patel, MD, Troikaa Pharmaceuticals, and Kaushal Mehta, founder of Motif Infotech. TiE Ahmedabad hosted their events at the Amity campus and benefitted from an excellent location and partnership. ANNUAL REPORT 2010-11 29
CHAPTER HIGHLIGHTS
TiE Bangalore
TiE Bangalore is one of the largest chapters in the TiE Network with over 100 CMs and 800 members. The Chapter organized several networking events, mentoring sessions, exclusive CM events and sponsor focused events. They held Guru Talks with Manish Sabarwal, expert on staffing and talent creation and Chetan Maini, Chief of Strategy and Technology at Mahindra Reva Electric Vehicles. Some of their educational events were Crafting an Elevator Pitch, Legal Basics for Startups, The EAP (Entrepreneurship Acceleration Program) continued to identify and assist entrepreneurs with their new ventures. Their Kaun Banega Entrepreneur program provided an opportunity for their membership to ideate on a startup idea and experience the thrill of forming a company. The held regular meetings on industry segments in Cleantech and Education.
TiE Bhubaneshwar
The TiE Bhubaneshwar Chapter was formally approved by the Global Board of Trustees on February 2011. Bhubaneshwar is the capital and largest city of the north-eastern state of Orissa. The Chapter was launched with 25 charter members, the core team that supports the development of the Chapter.
TiE Chandigarh
TiE Chandigarh hosted several events including Mentoring Camps, deal flow meetings, panel discussions, and CEO forums with prominent TiE CMs. They organized a Corporate Enclave in partnership with AIESEC, the worlds largest student-run organization titled Global Edge: Role of Global Talent in Organizations. Their annual conference cum expo e-Revolution 2010 aims to present the status of ICT in the Punjab & Chandigarh region. They organized a SmashUP! session covering startup issues such as harnessing creative energy, product showcases, networking opportunities, etc. The team organized TiE over coffee and CEO forum with business leaders such as Sridhar Iyengar (Bessemer Partners), Pradeep Gupta (chairman, Cybermedia), Amit Rathi, Sandeep Goyal (chairman, Dentsu India) and R. Paul Singh. They organized collaborative events with Nasscom and ISB School, as well as educational features on solar energy and social media.
TiE Chennai
TiE Chennai saw higher levels of energy and activity, membership and visibility. During the year, 13 new Charter members and 152 new members joined. Over 50 events were held during the year, included monthly events, My Story sessions, Meeting with Venture Capitalists, etc. TiE Chennais flagship - TiEcon Chennai 2010 - was an outstanding success and got excellent press coverage in print and TV media. (Blockbuster events) One of the most successful and widely attended events was the Unconference; which covered number of topics chosen by the participants at the start of the Unconference. A new industry group on Startups was created to address the needs of start-up companies in multiple disciplines of finance, marketing, HR and business modeling. The team launched a series of TiE Institute workshops. A Charter Member retreat was organized in August, at a resort near Pondicherry. Taking the baton from R. Ramaraj, Lakshmi Narayanan, an iconic business TiE Chennai leaders at TiEcon 2010 leader took on the reins of the Chennai Chapter.
TiE Coimbatore
TiE Coimbatore was launched on November 22, 2010, with keynote address by PK Agarwal, CEO of TiE Global and Kanwal Rekhi, TiE Global brand ambassador. Coimbatore is the second largest industrial city in Tamil Nadu, after the capital Chennai, and is known for their textile and manufacturing industries. TiE Chennai Chapter played a significant role in the launch of the new Chapter.
TiE Delhi
TiE organized a lunch meeting with Sir Andrew Cahn, Chief of UK Trade & Investment (UKTI). TiE Delhi-partnered with SmashUP!, a startup conclave organized at IIT Delhi that saw more than 300 early stage entrepreneurs, angels, VCs and mentors. TiE Delhi-NCR began the TYE Global program focused on inspiring & educating students on different facets of entrepreneurship. They hosted iWeekend, where budding entrepreneurs come together to ideate, their startup in one weekend. The annual Retail Summit and the HR Summit attracted large audiences. Other activities included Face2face Sessions where CMs interact with a small group of members on their area of expertise; Member Mixers, industry focused events, mentoring clinics, and Knowledge Series sessions were the other regular fixtures on the calendar that had over 40 events in 2010 culminating with the pan India TiE Entrepreneurial Summit 2010 attended by over 2300 people (see Blockbuster events). 30 ANNUAL REPORT 2010-11
Global Sponsor Microsoft at Delhi Summit
Chanda Kochhar, MD & CEO (ICICI Bank) at TiE Summit, Delhi
CHAPTER HIGHLIGHTS
TiE Hubli
As a new Chapter, TiE Hubli chapter was on fire organizing excellent events over the year, and activating the social media platforms and networking avenues. TiE Hubli Chapter started a unique initiative called Corporate Olympiad, to bring more interaction and cohesiveness amongst organizations in the community including Deshpande Foundation, Sankalp Semiconductors, NS Infotech, Navya Biotech, KLEs IMSR College, among others. Several business leaders were invited as speakers to this small, but bustling chapter. Some of the speakers included Captain Gopinath, Subroto Bagchi (vice chairman, Mindtree Ltd., Geetha Ramamurthy, Madhusudhan Atre (president & MD, Applied Materials India), Dr. Desh Deshpande, , a stalwart of their chapter was felicitated on account of his being inducted as Co-Chairman for U.S. President Barack Obamas National Advisory Council on Innovation and Entrepreneurship. They benefitted from good partnership with Deshpande Foundation and KLEs IMSR MBA College. The team inaugurated their Womens entrepreneurship wing known as WE TiE.
TiE Hyderabad
TiE Hyderabad hosted their annual flagship event, TiE-ISB Connect, a networking forum for entrepreneurs and investors (see Blockbuster events). They held a Travel and Hospitality summit, with a stellar all-India panel discussing the entrepreneurial opportunities and growing travel industry. The team also organized events on cleantech, healthcare, venture funding, education, among others.
TiE Islamabad
TiE Islamabad Chapter continued with their program on Cyber Entrepreneurs to train members to capture online business opportunities. They held events on communication skills and personal development. In 2011, they hosted a Development Dhaba featuring exciting new technologies for corporate development. They also partnered with Bahria University to host a Business Idea competition, where TiE CMs would judge ideas presented by university students.
TiE Karachi
TiE Karachis hosted sessions on online business opportunities, social media. Naeem Zafar, Professor of Entrepreneurship at University of Berkeley and TiE charter member hosted a session on Ultra-bootstrapping.
TiE Kerala
TiE Kerala Charter Members took a delegation to Sri Lanka to explore the business opportunities in a variety of sectors including Tourism, Healthcare, Education, Agriculture and IT & BPO sectors. The team had discussions with Sri Lankan Minister of Industry and Commerce, diplomats and Government officials, and CEOs of premier Sri Lankan companies. A positive outcome of the visit was Signing of an MOU with FCCISL to expand their business relationship with their counterparts in each country. It aims to contribute to the development of economic relations between India & Sri Lanka through regular exchange of information, on joint ventures, foreign investments, transfer of technology and supporting bilateral collaborations. The MOU was signed by TiE Kerala President, Murali Gopalan and FCCISL President, Kosala Wickramanayake. All TiE chapters can directly get in touch with FCCISL and derive benefit from this agreement.
TiE Kerala Monthly Meeting
TiE Kolkata
In January 2011, TiE Kolkata held their signature event TiEger, to recognize achievement of Bengals entrepreneurial tigers, and also to instill the fire in budding entrepreneurs. Prominent keynote speakers were Captain Gopinath, Deccan Airlines and Kanwal Rekhi, co-founder of TiE Network. (see blockbuster events) At the conference, 14 promising startups were identified and mentored; and the winning business plan received the TiEger Cub Award. The Chapter also conducted a workshop in partnership with IIT Kharagpur on Global Venture Labs.
TiE Lahore
TiE Lahore organized a thought-provoking TiEcon 2010 Pakistan- Unleashing Change in partnership with TiE Karachi and TiE Islamabad. The Chapter organized several My Story sessions aimed at motivating young entrepreneurs. Some of the featured business leaders and entrepreneurs were Razak Dawood (chairman, Descon group), Fawad Zakariya (VP, SAP Global ecosystem). TiE Lahore has partnerships with local universities such as Lahore University of Management Sciences, Lahore School of Economics and University of Central Punjab. ANNUAL REPORT 2010-11 31
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TiE Mumbai
In the first quarter of 2011, TiE Mumbai organized TiE Entrepreneur Summit, a grand event featuring top speakers. TiE Mumbai successfully conducted over 65 events and programs during the year. They held several educational programs for their members from TiE Institute to Idea Validation Hotline, Investor Forum and Business Builder Breakfast. They held speaker events with Anu Aga (former chairperson of Thermax Group), Harsh Mariwala (chairman & MD, Marico Ltd.), Patrick Turner (Professor of entrepreneurship at INSEAD). In 2011, they continued speaker events with Muki Regunathan, mentor and CM at TiE Bangalore and Sramana Mitra. They continued their India-wide TiE Stree Shakti program, providing an enabling platform for Women Entrepreneurs. The team initiated a Young Enterprising Indians program in select schools, similar to the Global TYE program. They held several educational programs such as Branding for Success, Leveraging debt funding for growth, among others.
Rajiv Bajaj, MD, Bajaj Auto & K.V. Kamath, Chairman, ICICI Bank at TiE Summit, Mumbai in March 2011
TiE Nagpur
TiE Nagpur hosted several exciting programs featuring entrepreneurs from various industry verticals. It organizes a monthly TiE Over Coffee event showcasing successful entrepreneurs, My Story sessions featuring distinguished speakers and many CM networking sessions. It featured its first TiEcon in early 2011.
TiE Patna
TiE Patnas focus had been towards entrepreneurs in IT services, software, tourism, hospitality and education fields. By leveraging TiE network, they have worked towards attracting investment into the region. TiE Patna benefitted by the leadership of Irfan Alam, founder of non-profit organization Samman, which has begun to empower rickshaw pullers and aims to alleviate poverty in the state of Bihar in India.
TiE Pune
TiE Pune focuses on IT, education, biosciences and manufacturing sectors. Events typically constitute My Story Sessions by exemplary entrepreneurs, dedicated workshops on entrepreneurship best practices and regular interaction amongst CMs to implement the TiE model.
TiE Rajasthan
TiE Rajasthan hosted the White House delegation to support on education, technological improvements, infrastructure and energy efficiency to address shared social and economic concerns. The delegation included Aneesh Chopra, Alec Ross, Advisor to the Secretary of State for Innovation, TiE charter members Neeru Khosla, CK 12 Foundation, Naren Bakshi TiE charter member, among other diplomats, senior corporate management, foundation administrators among others. This year, the Rajasthan team held a session with Jeff Tobe, author of Coloring outside the lines on developing a creative mindset at the workplace. They held events relating to special economic zones, solar energy and mentoring.
TiE UP
TiE UP works closely with a premier school, IIT Kanpur and other institutes to educate and mentor the student community. The team has focused on social entrepreneurship and is working with the local municipality to improve the regional conditions with Parivartan, a program to improve the business environment for budding entrepreneurs.
Europe
TiE Brussels
The TiE Brussels Chapter caters to the Flanders region in the heart of Europe. The Chapter had its formal launch on April 2010, with Ashok Rao, TiE Global chairman as guest speaker.
TiE Manchester
TiE Manchester had a eventful 2010, conducting 2-3 events a month with inspiring speakers. The Chapter has 150 general members and 20 Charter Members. TiE Institute educational workshops Branding and Leadership, were conducted in partnership with Manchester Business School were covered by TiE Charter Member, Vikas Shah, director of family firm, Swiscot Ltd. In May, Ashok Rao, Chairman of TiE Global and former President of TiE Houston gave an inspirational talk on Entrepreneurism to Business leaders. Charter Members worked hard to provide a comprehensive mentoring service to its members and continually strive for excellence participating in mentoring courses and discussions. TiE Manchester continue Outreach events in Preston & Liverpool. TiE Manchester had a varied program of events including Breakfast Meetings Ladies Lunches, workshops and key note speakers.
TiE Nordic
The team in TiE Nordic organized a host of events for their membership. They partnered with several entrepreneurial organizations in their local area to maximize their outreach. These included Stockholm School of Entrepreneurship, Open, Seed Forum, Connect Denmark, among others. The team also presented several inspirational and educational sessions to hone professional skills. 32 ANNUAL REPORT 2010-11
CHAPTER HIGHLIGHTS
TiE UK
TiE UK launched a joint program with the British Library where entrepreneurs can utilize the state-of-the-art facilities and have access to an on-site mentor. The chapter continued to gather momentum in the community with TYE program (TiE Young Entrepreneurs) for young high school students. They hosted TiE Institute sessions with education leaders from London Business School, and serial entrepreneurs amongst their charter members. The team organized an Entrepreneurship Bootcamp that touched on the most crucial aspects to a young enterprise financing, marketing & branding, and scaling your business. They hosted TiEgers Den Business Pitch Competition, in association with London Business School, entrepreneurs with promising ideas and business plans the opportunity to pitch to a panel of investors and successful entrepreneurs. Through partnerships with Cass Business School, London Business School, Microsoft, and the British Library among others, TiE UK continues to expand its support for entrepreneurs. The chapter hosted a total of 60 events in London and Manchester combined.
Investment Speed Pitching Event at TiE UK
Mentoring Dinner at Imperial Business School, London
TiE Dubai
TiE Dubai has emerged as an important partner of the UAE government in business promotion and in attracting investment as well as new ventures. They co-hosted last year the GITEX Technology Week conference, covering Global and Regional Trends/ innovation in Mobile Applications and market opportunity for Mobile Advertising.
TiE Malaysia
TiE Malaysia hosted TiE Asia Pacific Conference (APAC) jointly with TiE Singapore (see blockbuster events). They collaborated with Plug n Play Malaysia to host an event Innovation led Economy and Bursa Malaysia networking meets which provided a forum for CMs, members and sponsors alike.
TiE Mauritius
TiE Mauritius is working towards addressing needs of their community in finance, travel and hospitality industries.
TiE Singapore
TiE Singapore witnessed positive growth in its CM and membership base. The level of engagement of CMs was high and mentoring is on the rise. They were able to attract young and energetic professionals with a range of events, and offerings. They held discussion sessions on managing multi-cultural teams and employee engagement. They held appealing events with Madhur Bhandarkar, Bollywood director and Indian Premier League as coaches of KKR and Punjab Kings. They covered several topics such as city planning and development in Shaping a city of distinction. Alliances forged with BANSEA (Business Angel Network of South East Asia) and the Singapore National University were further reinforced over the year. They collaborated with SMART Innovation Center and MIT Deshpande Center for Technological Innovation to showcase lessons learnt at MIT.
TiE Tokyo
TiE Tokyo revamped management, and are restructuring the organization in line with TiE philosophy and structure.
TiE Melbourne
TiE Melbourne embarked on a structured mentoring program, connecting experienced CMs with members and the program is delivering positive results. The team hosted Tiecon Australia 2011 in January (blockbuster events). The Chapter conducted several Skills workshops and highlighted successful Entrepreneur stories for their membership.
TiE Sydney
TiE Sydney collaborated with the New South Wales government to host variety of informative sessions, The team organized lectures on the Essence of marketing, present a report on ICT industry by Nasscom, Greentech. In October, they held TiEcon Australia 2010, featuring prominent entrepreneurs and VCs, jointly with TiE Melbourne. The new year 2011 has started with a bang, and their board members and CMs are more engaged and committed to driving their Chapter than ever before, with a full years agenda of upcoming events.
Charles Kovess, an inspirational speaker at TiEcon Australia 2011
33
TiE CHAPTER DIRECTORY AMERICAS

WEST COAST
SILICON VALLEY
TiE Silicon Valley
VANCOUVER
TiE Vancouver
TORONTO
TiE Toronto
MID-WEST
DETROIT
TiE Detroit
Vancouver, Canada Vik Khanna, President vkhanna@faronics.com http://vancouver.tie.org
Toronto, Canada Suresh Madan, President smadan@excaliburlp.com Karl Miranda, Interim ED admin@tietoronto.org http://toronto.tie.org; http://tiequest.tie.org
Detroit, Michigan Rupesh Srivastava, President rupesh@youngsoft.com http://detroit.tie.org; http://tieconmidwest.org
Silicon Valley, California Vish Mishra, President vish@tie.org Kiran Malhotra, ED kiran@tie.org http://sv.tie.org, http://tiecon.org
NORTH-EAST
BOSTON
TiE Boston
Boston, Massachusetts Al Kapoor, President akapoor@millenniumv.com Vanita Shastri, ED vanita@tie-boston.org http://boston.tie.org; http://tieconeast.org
SOUTH-EAST
ATLANTA
TiE Atlanta
CHICAGO
TiE Midwest
LOS ANGELES
TiE SoCal
Los Angeles, California Navneet Chugh, President navneet@chugh.com Aayush Modi, Interim ED aayush.modi@chugh.com http://socal.tie.org
Atlanta, Georgia C N Madhusudan, President cnm@vectorspan.com Raj Palaniswamy, President Elect raj@virima.com Susan Stottlemeyer, ED susan@tie-atlanta.org http://atlanta.tie.org; tesatlanta.com; tieatlantagala.org
Chicago, Illinois Arjun Aggarwal, President aaggarwal@healthscapeadvisors.com Maria Katris, ED info@midwest.tie.org http://midwest.tie.org
NEW JERSEY
TiE New Jersey
MINNEAPOLIS
TiE Minnesota
SAN DIEGO
TiE San Diego
New Jersey Jaswinder Chadha, President jchadha@gmail.com Shalini Mohan, ED admin@nj.tie.org http://nj.tie.org
Minneapolis, Minnesota Gopal Khanna, President gopal.khanna@gmail.com Lois Josefson, ED info@minnesota.tie.org http://minnesota.tie.org
CAROLINA
TiE Carolinas
San Diego, California Patrick Berry, President patrick.berry@sbcglobal.net Preeti Purohit, ED tiesandiego_preeti@yahoo.com http://sandiego.tie.org
NEW YORK
TiE Tri-State
Raleigh, N. Carolina Sammy Haroon, President Elect sammyharoon@gmail.com Georges Casimir, ED info@carolinas.tie.org http://carolinas.tie.org
OHIO
TiE Ohio
OREGON
TiE Oregon
New York, New York Gautam Advani, President gautama1@hotmail.com Sacha Freemon, ED sfreemon@tietristate.org http://tristate.tie.org
Cleveland, Ohio Richard Herman, President richard.t.herman@gmail.com Reka Barabas, ED reka.barabas@ohio.tie.org http://ohio.tie.org
FLORIDA
TiE Florida
Portland, Oregon Arun Joshi, President ajoshi@encodextech.com Lakshmi Jagannathan, ED info@oregon.tie.org http://oregon.tie.org
PITTSBURGH
TiE Pittsburgh
Orlando, Florida Ali Ansari, President aansari@us.rgl.com Alpesh Patel, Interim ED alpesh@esanghe.com http://florida.tie.org
INDIA
NORTH
DELHI
TiE Delhi
COLORADO
TiE Rockies
Pittsburgh, Pennsylvania Razi Imam, President razii@landslide.com Berni Bishop, ED bbishop@tiepgh.org http://pittsburgh.tie.org
AUSTIN
TiE Austin
Denver, Colorado Vic Ahmed, President vicahmed@earthlink.net Carla Dowell, ED info@rockies.tie.org http://rockies.tie.org
WASHINGTON DC
TiE DC
Austin, Texas Jikku Venkat, President jikkuv@gmail.com Binitha Surendran, ED ed.austin@austin.tie.org http://austin.tie.org
Delhi Sanjeev Bikhchandani, President sbikh@naukri.com Geetika Dayal, ED geetika@tienewdelhi.org http://delhi.tie.org
SEATTLE
TiE Seattle
Washington DC Satya Akula, President satya.akula@gmail.com Steve Thomas, ED steve@firebirdagency.com http://dc.tie.org
RAJASTHAN
TiE Rajasthan
DALLAS
TiE Dallas
Seattle, Washington Sunil Shah, President sunil.x.shah@gmail.com Rohit Mathur, ED admin@seattle.tie.org http://seattle.tie.org
OT TAWA
TiE Ottawa
Dallas, Texas Nilesh Naik, President nsnaik@eagle-circuits.com Pratima Rao, Interim ED pratima.rao@linkednets.com http://dallas.tie.org
ARIZONA
TiE Arizona
Ottawa, Canada Bharat Rudra, President brudra@gmail.com Shekhar Prasad, ED shekhar.prasad@gmail.com http://ottawa.tie.org
Jaipur, Rajasthan Atul Kapur, President akapurs@gmail.com Priya Wadhera, ED ed@tiejaipur.org http://rajasthan.tie.org
CHANDIGARH
TiE Chandigarh
HOUSTON
TiE Houston
Phoenix, Arizona Steven Stalser, President stralser@gmail.com Sara Amodio, ED admin@arizona.tie.org http://arizona.tie.org
Houston, Texas Adil Jafry, President Elect adil.jafry@taraenergy.com Celeste Robertson, Interim ED m.celeste.robertson@gmail.com http://houston.tie.org
Chandigarh, Punjab Puneet Vatsayan, President puneet@moberasystems.com Shivneet Singh, ED shivneet@tiechandigarh.org Sumeer Walia, Associate ED sumeer@tiechandigarh.org http://chandigarh.tie.org
34
TiE CHAPTER DIRECTORY

UTTAR PRADESH
TiE UP
COIMBATORE
TiE Coimbatore
Kanpur, Uttar Pradesh Gopal Sutwala, President gopalsutwala@hotmail.com Vipul Mishra, ED info@up.tie.org http://up.tie.org
Coimbatore K. Ilango, President Ilango@rsmautokast.com P.S. Haridas, ED haridasps@gmail.com http://coimbatore.tie.org
MIDDLE-EAST ASIA & PAKISTAN

DUBAI
TiE Dubai
EUROPE
LONDON
TiE UK
Dubai Prashant K. Gulati, President tiedubai@pkgulati.com Deepak Padhmanabhan, President Electdeepak@tiedubai.org Aparna Deshpande, ED aparna@tiedubai.org http://dubai.tie.org
London, UK Stuart Nicol, President snicol@octopusinvestments.com Christine Spooner, ED cspooner@tie-uk.org http://uk.tie.org
EAST
KOLKATA
TiE Kolkata
HUBLI
TiE Hubli
Kolkata, West Bengal Vasant Subramanyan, President vasant@lastpeak.com B Hari, President Elect hari@ontrackuk.com Munmun Banerjee, ED tie.kolkata@gmail.com http://kolkata.tie.org; http://www.tieger.in
Hubli Naveen Jha, President Elect naveen.jha@gmail.com Sasisekar Krish, ED sasisekar.krish@gmail.com http://hubli.tie.org
MANCHESTER
TiE Manchester
ISLAMABAD
TiE Islamabad
Manchester, UK Sunil Mohindra, President s.mohindra@mmsolicitors.co.uk Ann Jordan, ED ann@ashfield.net http://manchester.tie.org
KERALA
TiE Kerala
Islamabad Sarah Hashwani, President shashwani@aol.com Murtaza Zaidi, ED murtaza@cybervision.com.pk http://islamabad.tie.org
Kochi Murali Gopalan, President murali.gopalan1@gmail.com John Paul, President Elect johnkpaul@popularv.com K. Chandrasekhar, ED tiekerala@yahoo.com http://kerala.tie.org
STOCKHOLM
TiE Nordic
ORISSA
TiE Bhubaneshwar
Bhubaneshwar, Orissa JB Pany, President jbpany@gmail.com Swosti Mishra, ED mishra.swosti@gmail.com
KARACHI
TiE Karachi
Stockholm, Sweden Peder Jonsson, President peder.jonsson@kreab.com Hannes Dernehl, ED hannes.dernehl@nordic.tie.org http://nordic.tie.org
Karachi Sabeen Mahmud, President sabeen.mahmud@gmail.com Imtiaz Noor, ED info@karachi.tie.org http://karachi.tie.org
WEST
MUMBAI
TiE Mumbai
BRUSSELS
TiE Brussels
PATNA
TiE Patna
Patna, Bihar Prabhat Sinha,President ceo@astric.net Irfan Alam, ED irfan.bb@gmail.com http://patna.tie.org
Mumbai, Maharashtra R. Sriram, President sriram@nextpracticeretail.com Manak Singh, ED manak@tiemumbai.org http://mumbai.tie.org
LAHORE
TiE Lahore
Brussels, Belgium Martin Hinoul, President Martin.Hinoul@lrd.kuleuven.be Reza Jaufeerally, ED rjaufeerally@gmail.com http://brussels.tie.org
Lahore Monis Rahman, President monis.rahman@naseebnetworks.com Khadija Arif, ED ed@tie-lahore.org http://lahore.tie.org
SOUTH
BANGALORE
TiE Bangalore
AHMEDABAD
TiE Ahmedabad
AUSTRALIA
SYDNEY
TiE Sydney
Bangalore, Karnataka S.R. Gopalan, President srg@dawnconsulting.com Ravindranath P, ED ravindranath.p@tiebangalore.org http://bangalore.tie.org
Ahmedabad, Gujarat Kaushal Mehta, President kaushal.mehta@motifinc.com Anu Sutaria, ED anusutaria@gmail.com http://ahmedabad.tie.org
FAR-EAST ASIA
MALAYSIA
TiE Malaysia
Sydney Pathy Pathmanaban, President pathy@pathmanaban.com tiesydney.office@sydney.tie.org http://sydney.tie.org
PUNE
TiE Pune
Kuala Lumpur Datuk Kuna Sittampalam, President kuna@hsscom.my Parabvir Singh, ED parab@tiemalaysia.org http://malaysia.tie.org
MELBOURNE
TiE Melbourne
CHENNAI
TiE Chennai
Chennai, Tamil Nadu Lakshmi Narayanan, President Elect lakshmi@cognizant.com Srinivas Vishwanathan, ED vishy.viswanathan@gmail.com http://chennai.tie.org; http://tieconchennai.org
Pune, Maharashtra Navin Kripalani, President navin.kripalani@gmail.com Namita Shibad, ED namita.shibad@gmail.com http://pune.tie.org
SINGAPORE
TiE Singapore
Melbourne Saurabh Mishra, President saurabh.mishra@healthenterprises.com.au Monica McCarthy, ED monica.mccarthy@healthenterprises.com.au http://melbourne.tie.org
NAGPUR
TiE Nagpur
Singapore Karan Singh Thakral, President karan@thakral.com.sg Kuldip Singh Dhaliwal, ED kuldip@singapore.tie.org http://singapore.tie.org
AFRICA
MAURITIUS
TiE Mauritius
HYDERABAD
TiE Hyderabad
Hyderabad, Andhra Pradesh Ramesh Byrapaneni, President rameshbabubyrapaneni@yahoo.co.in Col Ravi, ED colravi@usa.net http://hyderabad.tie.org; http://isb-connect.org
Nagpur, Maharashtra Prashant Godbole, President prashant@godbolegates.com Sachin Iyer, ED ed@nagpur.tie.org http://nagpur.tie.org
TOKYO
TiE Tokyo
Japan Tomoko Inaba, ED inaba@axiaint.com http://tokyo.tie.org
Mauritius Baljinder Sharma, President nexus@intnet.mu http://mauritius.tie.org
35
PHOTO GALLERY Inspirational Speakers
Committed Volunteers Celebrating Legendary Entrepreneurs
Networking
Mentoring
Intimate Member Mixers
Chapter Leaders Meetings
36
TiE GLOBAL DIRECTORY
TiE Global Trustees & Leaders (from L-R) - Vish Mishra, Shikhar Ghosh, Desh Deshpande, Kanwal Rekhi, Puneet Vatsayan, Anil Kripalani, Arjun Malhotra, Nandini Tandon, PK Agarwal, Khalid Chowdhry, Yusuf Sardari, Anil Khatod, Mahavir Sharma, Ravi Mantha, Ashok Rao.
TiE GLOBAL BOARD OF TRUSTEES (2011)

Ashok Rao, Houston Chairman, TiE Global Chairman & CEO, Whodini Inc. Anil Khatod, Atlanta Managing Director, Argonaut Private Equity Anil Kripalani, San Diego President, WirefreeCom Inc. Apurv Bagri, UK Managing Director, Metdist Group Arjun Malhotra, Silicon Valley Chairman, Headstrong Corporation Desh Deshpande, Boston Chairman, Sycamore Networks Gita Dang, Delhi Founder Director, Talent Advisory Services Kanwal Rekhi, Silicon Valley Managing Director, Inventus Capital Partners Karan Singh Thakral, Singapore Executive Director, Thakral Group of Companies Khalid Chowdhry, Lahore Chairman & CEO, Medipak Ltd. Mahavir Sharma, Rajasthan CEO, Oscar Exports Nandini Tandon, Silicon Valley Managing Director, Lumira Capital Nishit Kotecha, UK Founder, Sphere Partners Ltd. Pradeep Gupta, Delhi Chairman & Managing Director, CyberMedia Group Puneet Vatsayan, Chandigarh Co-Founder, Mobera Systems Raj Jaswa, Silicon Valley CEO & President, Dyyno Inc.
Raj Judge, Silicon Valley Partner, Wilson Sonsini Goodrich Rosati Ravi Mantha, Singapore Portfolio Manager, Fidelity Investments Sanjeev Bikhchandani, Delhi CEO, Naukri.com Shikhar Ghosh, Boston Professor, Entrepreneurial Mgmt., Harvard Business School Sunil Mohindra, UK Senior Partner, Mohindra Maini LLP Solicitors Vish Mishra, Silicon Valley Venture Director, Clearstone Venture Partners
Chapter Support
Chair Anil Kripalani Pradeep Gupta, Monis Rahman Sunil Mohindra, Saurabh Mishra Mahavir Sharma, Melodie Reagan Raj Popli
CM Retreat
Chair Karan Singh Thakral Sanjeev Bikhchandani Anil Khatod, Vish Mishra Mahavir Sharma, Ravi Mantha Navneet Chugh, Amir Hudda
TiE GLOBAL MANAGEMENT

PK Agarwal Chief Executive Officer pk.agarwal@tie.org Somnath Chatterjee Director, Global Initiatives & Chapter Support somnath.chatterjee@tie.org Yogesh Agrawal Director, TiE Global Systems yogesh.agrawal@tie.org Bridgett Comer Manager, Finance & Administration bridgett.comer@tie.org Mohini Suchanti Manager, Communications & Chapter Support mohini.suchanti@tie.org Andrew Tjahyadi IT Operations Manager andrew.tjahyadi@tie.org
SECRETARY & GENERAL COUNSEL

Yusuf Safdari Senior Counsel, Pillsbury Winthrop Shaw Pittman LLP
TiE GLOBAL COMMITTEES

Governance Committee
Chair Sanjeev Bikhchandani Shikhar Ghosh, Seshan Rammohan Vijay Vashee, Khalid Chowdhry Raj Judge, Mahavir Sharma
Finance Committee
Chair Puneet Vatsayan Nish Kotecha, Sanjeev Bikhchandani Karan Singh, Vijay Vashee Anil Khatod, Ravi Mantha
Marketing & Outreach

Chair Vish Mishra Pradeep Gupta, Ravi Mantha Anil Khatod, Anil Jain Gita Dang, Parveen Gupta Raj Jaswa, Nandini Tandon Raj Judge
TiE GLOBAL ADDRESS

2903 Bunker Hill Lane, Suite 150, Santa Clara, CA 95054 Tel: 408-567-0700 Fax: 408-567-0777 Website: www.tie.org E-mail: globaladmin@tie.org

Tie Annual Report

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Ashok Rao, Chairman of TiE Global at launch of TiE Brussels Chapter Aneesh Chopra, Americas first CTO, was

the keynote speaker at TiEcon Silicon Valley 2010

TiEQuest business competition provides value to the most innovative startups

ANNUAL REPORT 2010-11

LETTER FROM THE CHAIRMAN

Ashok Rao, Chairman

Dear friends & colleagues,

Ashok Rao Chairman, TiE Global

LETTER FROM THE CEO

PK Agarwal, Chief Executive Officer

PK Agarwal Chief Executive Officer, TiE Global

ANNUAL REPORT 2010-11

THE TiE NETWORK

Role of TiE Global

ANNUAL REPORT 2010-11

HIGHLIGHTS OF TiE GLOBAL

Engaging programs focused on mentoring, motivating, networking and educating.

TiEQuest, a successful business competition that gives traction to promising startups

ANNUAL REPORT 2010-11

TiE NETWORK PERFORMANCE

Profile of TiE Charter Members

ANNUAL REPORT 2010-11

In memory of C.K. Prahalad

M.S. Vindi Banga

Syed Babar Ali

ANNUAL REPORT 2010-11

A Tribute to C.K. Prahalad

ANNUAL REPORT 2010-11

A TRIBUTE TO C.K. PRAHALAD

Glimpses of Late C.K. Prahalad at TiE Events

CK with Nandan Nilekani and GN Bajpai at TiELinks 2008 in Bangalore

Shaukat Aziz and CK Prahalad at TiEcon Silicon Valley 2008

CK Prahalad and Desh Deshpande giving awards to exemplary TiE Chapters

CK Prahalad inspiring the next generation of TiE charter members

Suren Dutia, Apurv Bagri, Shaukat Aziz and CK Prahalad

CK Prahalad with Vindi Banga and others

CK at the San Antonio CM Retreat, 2008

CK with Vindi Banga and Victor Menezes

ANNUAL REPORT 2010-11

Launch of New Chapters

New TiE Website

Photo of the TiE Coimbatore Launch in The Hindu

10 ANNUAL REPORT 2010-11

TiE Young Entrepreneurs

TiE Spotlight on Kanwal Rekhi, a brand ambassador of TiE

ANNUAL REPORT 2010-11

Historical & Glamorous Location

Time with Family & Friends

ANNUAL REPORT 2010-11

Forging new friendships & business relations

Golftime with good buddies

ANNUAL REPORT 2010-11

TiEcon Silicon Valley

Tiecon East, Boston

Ashraf Dahod at TiEcon East 2010

Tenth Anniversary Gala, San Diego

TiE Vista & Annual Gala, Atlanta

TiEcon Midwest, Detroit

Desh Deshpande at TiEcon Midwest 2010

TiEcon Socal, Los Angeles

Deepak Chopra at TiEcon SoCal 2010

ANNUAL REPORT 2010-11