TiE Silicon Valley explained

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

History

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

Organization

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

Programs

TiEcon

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

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

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

TiE Angels

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

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

TiE LaunchPad

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

Billion Dollar Babies

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

Notes and References

  1. Web site: O'Brien: The Influencers of Silicon Valley. 9 December 2009. Mercurynews.com. 23 August 2017.
  2. TiE Silicon Valley Announces Four Companies Selected for Billion Dollar Babies Program. https://web.archive.org/web/20150924211722/http://www.reuters.com/article/2014/12/22/idUSnMKWXJQfka+1f8+MKW20141222. 2015-09-24. dead. 2017-07-02.
  3. Web site: TiE executive pushes new programs. Bizjournals.com. 2017-08-23.
  4. Web site: TiE: Meet the men who paved the way for South Asians to write a chapter in Silicon Valley's success story. Bizjournals.com. 2017-08-23.
  5. Web site: Tech Trailblazers - Tech Trailblazers Awards welcomes TiE Silicon Valley and ask emerging markets startups to stand and be counted. 28 August 2012. Realwire.com. 2017-08-23.
  6. Web site: Tech Trailblazers Awards welcomes TiE Silicon Valley as industry supporter and ask startups from emerging markets to stand and be counted. Mynewsdest.com. 2017-08-23.
  7. Web site: The country is absolutely on the right path: Vish Mishra, President, TiE Silicon Valley « Clearstone Venture Partners. Clearstone.com. 2017-08-23.
  8. Web site: TieCon keeps growing despite economic crunch. 16 May 2008. Venturebeat.com. 23 August 2017.
  9. Web site: Look Out Silicon Valley...America is Catching Up. Nish. Acharya. Forbes.com. 2017-08-23.
  10. Web site: Mashery Named One of the Hottest Start-Ups of 2009. https://web.archive.org/web/20150405154905/http://www.redorbit.com/news/technology/1689197/mashery_named_one_of_the_hottest_startups_of_2009/. 2015-04-05. dead. 2015-04-03.
  11. Web site: cloudera named among the world s 50 most promising startups by tie silicon valley. Cloudera.com. 2017-08-23.
  12. Web site: 10 Best Conferences for Ideas and Entrepreneurship. https://web.archive.org/web/20130531204210/http://www.worth.com/index.php/component/content/article/2-make/2911-10-best-conferences-for-ideas-and-entrepreneurship. 2013-05-31. dead. 2013-06-18.
  13. Web site: 31 Angel Investor Groups in California. Barberacorporatelaw.com. 23 August 2017.
  14. Web site: Network of Indian Entrepreneurs Now Backs Start-Ups. Somini. Sengupta. Bits Blog. 2017-08-23.
  15. Web site: The Country Is On The Right Path: Vish Mishra, President, TiE Silicon Valley. 23 July 2011. Techcircle.vccircle.com. 2017-08-23.
  16. Web site: Ranking Angel Investment Groups. 13 August 2014. Cbsinsights.com. 2017-08-23.
  17. Web site: INDIA INK; Indian 'Angels' Back Start-Ups. Somini. Sengupta. 12 December 2011. The New York Times. 2017-08-23.
  18. Web site: VMware acquires app delivery startup CloudVolumes. Bizjournals.com. 2017-08-23.
  19. Web site: CRISI Medical Systems - CB Insights. Cbsinsights.com. 2017-08-23.
  20. BD Acquires CRISI Medical Systems. https://web.archive.org/web/20150404071130/https://www.bd.com/press-details/18508/BD-Acquires-CRISI-Medical-Systems. 2015-04-04. dead. 2015-04-03.
  21. Web site: TiE startup accelerator mentors will be investors, too. Bizjournals.com. 2017-08-23.
  22. Web site: Company Information. Massinvestordatabase.com. 2017-08-23.
  23. TiE Silicon Valley Launches Enterprise Start-Up Accelerator, TiE LaunchPad. https://web.archive.org/web/20150405050334/http://www.marketwired.com/press-release/tie-silicon-valley-launches-enterprise-start-up-accelerator-tie-launchpad-1843417.htm. 2015-04-05. dead. 2015-04-03.
  24. News: Billion Dollar Babies: Why Indian-American entrepreneurs are betting on born-in-India startups. 21 December 2014. The Economic Times.
  25. News: TiE in Silicon Valley rolls out Billion Dollar Babies to help Indian startups . Times of India. 2017-08-23.
  26. Web site: TiE launches 'billion dollar babies' project for startups. In.finance.yahoo.com. 23 August 2017.

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