All about Kanwal Rekhi at Kaboodle
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All about Kanwal Rekhi

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See this at: in.youtube.com| Added on 11/26/08

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NHK japan story on kanwal part 1 Also watch Part 2 below

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See this at: in.youtube.com| Added on 11/26/08

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NHK Interview with Kanwal part 2

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The Indians Of Silicon...

See this at: money.cnn.com| Added on 02/21/06

(FORTUNE Magazine) – Kanwal Rekhi's got these big eyes that flicker when he talks. His shoulders are rounded and his large, thick frame shows marks of age. But when he speaks, his face, large and jowly, emits youthful energy. His speech is rapid and... See more more

Highlights: The $1 million he eventually put into Exodus for an initial 2% stake is now worth $130 million.

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The venture capitalist...

See this at: forbes.com| Added on 02/21/06

When Kanwal Rekhi paid a visit to Exodus Communications three years ago, the Internet services outfit was crammed into a 10-by-10-foot room packed with computers and people. The owner, an Indian immigrant named K.B. Chandrasekhar, was not the world's... See more more

Highlights: Already his $5 million initial investment has returned him $20 million, just from selling parts of the companies he has backed.

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Why is India Poor? Agenda...

See this at: ccs.in| Added on 07/31/08

Kanwal Rekhi SiliconIndia, February 2001 Indians are smart and creative people. They have also proven to be hard working and thrifty. India is a well-endowed land, with a good climate and plenty of natural resources. It has a vibrant, enduring... See more more

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DOT Hatao, Desh Bachao

Created by kanwal on 1/1/07

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A Clarion call to get rid of the DOT (Department of Telecommunications, Govt. of India) to save the country, issued in an interview with Economic Times of India on April 25, 2000. It had a major impact and resulted in the policy changes that led to telecom revolution in India. ‘DoT Hatao, Desh Bachao’ (The Economic Times, April 25, 2000) Kanwal Rekhi heads The Indus Entrepreneurs (TiE), a group of Silicon Valley executives and entrepreneurs originating from the Indian subcontinent. The contacts and expertise represented by TiE has become increasingly important as India’s own software industry has grown. Recently TiE has been in the forefront of promoting venture capital in India and has also proposed to the government plans to fund the Indian Institutes of Technology (IIT). Rekhi spoke to Bodhisatva Ganguli of the Economic Times on TiE’s activities in India, the need to deregulate telecom and the role of the IT ministry. Rekhi used to be a senior executive at Novell before heading TiE. There’s been some controversy about your plans to fund the IITs. Mostly it was misreporting in the press. The government has funded IITs and has done a superb job, but it has limited resources. Let me give you a perspective on this. I came back to IIT Kanpur in 1994 after I left in 1967, a gap of 27 years. I saw a campus falling apart, the building not painted in years, I felt very depressed. I went back and then it hit me as to why have the alumni not paid back, ti hit me as to why have the alumni not paid back, it hit me I haven’t paid back. So when I came back the next time I asked the directors how come the building was in such a bad shape ? The directors told me that GOI doesn’t give a budget for the upkeep, So how come you haven’t asked us, I said ? We realized that it was time to change things, and so I made my contribution to the IIT in 1998 and others followed. There is a huge reservoir of good will amongst the ex-IITians. I traveled to the US and spoke to the people and everybody was willing to pay back. So we thought we need to use these resources to build the IITs into intellectual power houses. They are OK but not the best in the world. Why would I like to take over IITs – there is no profit in them. But what exactly had you proposed to the government ? We had proposed to help privatize the funding of IITs. Basically it was just knee-jerk reactions from leftists who are sold out to socialism. They are instinctively anti American, who think there is a ulterior motive behind everything. In any case we plan to raise $1 billion for the IITs, Desh Deshpande has proposed $100 mn already. Raising a billion won’t be a problem at all. Tell us a little bit about TiE ? TiE has emerged as a very innovative idea. It’s a synthesis of Silicon Valley culture and some Indian values. But, simply put, our starting role was to encourage our people to become entrepreneurs. Our role was to provide role models, inspiration, education and mentorship for that. The way to do that is to bring people together, so that a network effect takes place. It’s a process which has been very successful in Silicon Valley where a lot of startup activity has happened because of TiE. TiE ha spread to other cities like Boston, New York, Chicago, Atlanta, Seattle, Vancouver, Eight chapters in US. How many members does TiE have ? Over a thousand members and a couple of hundred charter members. Charter members are the mentors, successful entrepreneurs, who contribute time and energy. How many of them are Indians, and from other parts of the subcontinent ? Ninety percent Indian, but then that’s the ratio of Indians and on Indians such as Pakistanis and Bangladeshis in Silicon Valley. Recently some TiE members such as yourself have been involved in setting up venture capital funds. Yes, TiE is a forum for networking but you need to supply the other structures for entrepreneurial activity to succeed, you need to have angel investors, mentors, VC’s. There wasn’t much of a VC setup and so Infinity (a VC fund in which Rekhi is an investor) was setup. Our role is to provide all the structural pieces you need for the entrepreneur. TiE is like a bazaar where people and set up their stall ~ I’m a VC, I’m a mentor, I’m a lawyer so all of them interact and start businesses. What has been your success in India so far ? We’ve just started out. The Delhi, Hyderabad and Chennai chapters were launched in January, Bombay in December while Bangalore started in August. The Bombay and Bangalore chapters are very active. What are the results on the ground so far in India? I understand a lot of startup activity is happening in Bangalore. In Bombay we’ve put some structures in place. Delhi has quite a few entrepreneurs; several business plans are coming to Infinity and other people. I think the impact is there. The real result will be visible when companies will go public or are acquired. Are you optimistic about the way things are going in India? Absolutely, otherwise I won’t be coming back. It was very easy to ignore India in the past. It’s impossible to ignore now. You’ll be a fool to undersell India now that India is finally on the move. Successes like mine, or Narayana Murthy’s are proving to be role models. These are ordinary Indians, if they can do it so can I. And this is raising the aspirations of people. Indian democracy is now responding to the aspirations of the people. No politician can now badmouth IT. This is because IT has become a great hope of the people of India. So what is happening in India is that the Indian spirit is beginning to reawaken. We’re getting our confidence back that we can compete on the world stage. What do you think of the new IT ministry? They are trying to solve a problem that doesn’t exist. The IT industry is very profitables they haven’t needed much financial support from the government, I have a worry that these bureaucrats will find things to do that don’t need to be done. What can the government do for the IT industry? I’ve spoken to the Prime Minister also and I have also spoken publicly, that we need to focus on telecom. Telecom is a shame, the ministry is acting like a monopoly that is focusing on it’s own revenue and profits rather than the national interest. I say “DoT hatao Desh bachao”. One thing that the IT ministry could do is to act as a countervailing force to the ministry of telecom? Like two evils fighting each other? No, no. In that case everybody will lose. We need both to be abolished. What needs to be done in telecom right now? The environment needs to be absolutely opened up for from competition, Put capacity in place so that prices plummet, bring the bandwidth to villages so the village economy can be enhanced very quickly using IT. Make it happen and you will have 100 per cent phone penetration, within the next 10 years. We have only 2 percent penetration, which will become 15% by 2010. Does that basically imply total deregulation of the telecom market? That is the only thing that will work. See what happened in Singapore, Hong Kong and the US. The US revolution that you see in IT is because the AT&T monopoly was abolished. There was a monopoly in US till 83-84. We saw this boom taking place within a few years of its being abolished. DoT is acting like any monopoly trying to protect its own profits and revenues, damn the rest of the country! In the US even before the break up they had the best phone network in the world. But afterwards the US telecom industry became even more advanced, technology was introduced at a much faster pace, and a lot more players emerged offering different services. Phone raises in the US have dropped 99% since AT&T has been broken up. Long distance rates have dropped 99% and bandwidth has grown 1,000 fold. This is a real life example. Look at what happened in Hong Kong or what is happening in Singapore now. The rest of the world is not limited by the Indian bureaucrat’s imaginational. Would you like to comment on the Issue of tax Incentives for expert and software units? I am not a believer in tax incentives. Only 2% of the people pay taxes in India. I believe in a level playing field with low taxes for everybody. If a tax incentive is given it should be given as tax holiday for startup activity for three to four years. The government need money for infrastructure, welfare etc. If everybody is exempted from tax how do you run the government? I am not a believer in tax holidays. Taxation is required for society to function and invent in common goods – primary health, welfare and, national defence. I am not a great believer in tax incentives except in ‘national interest-economic activity’ or startup ventures for a temporary period. What are the drawbacks in the economic liberalization process in India? Let me give you a more conceptual answer rather than a specific one. I haven’t found a liberalizer in the government yet. They seem to be doing a favour to people. They haven’t understood that infrastructure is like circulation in your body. The better it is, the better the whole health of the body. High transaction costs are at the heart of inefficiency, when they set up all these processes and paper work. These process are slowing economic activity down. There is nobody out there to question why we need these processes. At the end of the day there is no great believer in the liberalized free market economy in the government either in politics or bureaucracy. There is a fundamental difference between American and Indian democracy. This is at the heart of the whole problem. American democracy starts by saying we the people give voluntarily some of our powers to the government so we can have some order. But Indian democracy is a successor to the British, where the king was forced to code some of his powers. All the remaining powers stayed with the king. So all the new powers, as yet undiscovered, are with the king – the state. So that is why when internet comes no one has the right to start internet services until the government has formed its policy. In the USA, the internet came and everybody started running internet. So the basic difference is in the philosophical concept.

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Faltering Leadership

See this at: siliconindia.com| Added on 11/27/08

After two colorless and ineffectual Prime Ministers, the rise of Atal Behari Vajpayee in 1998 had been a breath of fresh air. He is articulate, forceful and not an effete socialist of the congress ilk. He made a fundamental break from the past when... See more more

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India Confronts Its Own...

See this at: 64.233.179.104| Added on 02/27/06

By Kanwal Rekhi And Henry S. Rowen As India and Pakistan teeter once again on the brink of war, the Indian government, which holds the moral high-ground on the matter of terrorism on its soil, is being rattled by internal violence, most of it among... See more more

Highlights: Scroll down to seethe article.

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The Rediff columns

See this at: suchetadalal.com| Added on 11/27/08

The cover stories of two leading business magazines this week are on Information Technology (IT). Can the Silicon Valley miracle can be recreated in India, asks one and the other declares that this is the turning point. Indian success stories... See more more

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IITB’s KReSIT: Key...

See this at: expresscomputeronlin...| Added on 11/27/08

In a nation and industry that’s focused on IT services you hardly hear of companies that dare to be different from the crowd. IIT Bombay’s Kanwal Rekhi School of Information Technology (KReSIT) is a rare oasis where you’ll find such firms. Abhimanyu... See more more

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B U S I N E S S

See this at: tribuneindia.com| Added on 11/27/08

Mumbai, February 15 Hindustan Lever reported on Thursday that profit rose 22.5 percent in calendar 2000, exceeding analysts' expectations but substantially below the rate of preceeding years. Chandigarh, February 15 Why are we so poor, specially with... See more more

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“Sage of the New...

See this at: itpeopleindia.com| Added on 11/27/08

The guru of Silicon Valley, Kanwal Rekhi has nurtured a whole generation of tech entrepreneurs. The legendary venture capitalist reveals why he never mixes business with friendship "A recession is the best time to start a company." When you hear a... See more more

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Waiting for economic...

See this at: kellogg.northwestern...| Added on 11/27/08

5/14/2008 - Multiple languages, religions and political views are some of the hurdles facing those doing business in India, according to experts at the May 10 Kellogg School India Business Conference. Other challenges include the country’s often... See more more

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Kanwal Rekhi - Up Close...

See this at: iitk.ac.in| Added on 11/27/08

One of the highlights of the TiE Conference 2004 was Kanwal Rekhi’s very cut and dry observation of the remnants of feudalism in the obeisance shown to the politicians who delayed the conference by over an hour and a half. Avant Garde had the unique... See more more

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See this at: icbs.com| Added on 11/27/08

By Kanwal Rekhi There has been a recent flurry of financial support to IITs by alumni both in US and India. This spontaneous activity started about five to six years ago as a trickle, gathered momentum over the years to become fairly significant. A... See more more

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Kanwal Rekhi SiliconIndia...

See this at: ccsindia.org| Added on 11/27/08

Let's focus on India and the United States for the sake of argument. It is my contention that India is poor by choice and that it works very hard to stay poor. Conversely, the US is rich because it works very hard to not only maintain its wealth, but... See more more

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Podcast with Kanwal...

See this at: kiruba.com| Added on 11/27/08

While at the TIE Entrepreneurial Summit, the guy who sat next to me was the venerable Kanwal Rekhi. Out there, he was treated like a cult hero. You know the kind who just just steps on the stage and the crowd goes boisterous with applause. Kanwal is... See more more

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See this at: iitbombay.org| Added on 11/27/08

Pretend you are in the hostel mess at 4:20 pm on a Friday. Chai ... the weekend ahead. As you read these words, let this story grow on you ... hear the echoes of your own memories rhyme in with Kanwal Rekhi's impressions of a time gone by. 1963 : The... See more more

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Kanwal and Ann Rekhi

See this at: mtu.edu| Added on 11/26/08

This computer science hall adds 51,000 square feet to Fisher Hall. Fisher Hall, which opened in 1964, originally housed the mathematics and physics programs and is named after James Fisher, former head of the Department of Physics. Facilities for... See more more

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Top Pakistani IT...

See this at: pakistanlink.com| Added on 11/26/08

By Ras H. Siddiqui Palo Alto: The West Coast or Silicon Valley (SV) Chapter of the Organization of Pakistani Entrepreneurs of North America (OPEN as it is called) closed its current year meeting calendar by holding a very informative seminar on... See more more

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See this at: thebig.tv| Added on 11/26/08

21:44 Uploaded 364 days ago by : TiEvideo | More in News, Views & Blogs | Tags : TiE, Philosophy, &, Origin-Kanwal, Rekhi, Clip-1 Login or Register to rate 0 ratings

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Career Hub

See this at: careerindia.com| Added on 11/26/08

When Microsoft spent multi-millions to acquire 18 month old Hotmail, co-founded by Indian, Sabeer Bhatia, Kanwal S Rekhi, a US-based venture capitalist, wasn't surprised. To him, it was another success story for 'The indus Entrepreneur' (TiE), a... See more more

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Kanwal Rekhi, Board of...

See this at: directory.leadmaveri...| Added on 11/26/08

Mr. Rekhi is a leading, highly respected entrepreneur, both as a venture capitalist and angel investor. He founded Excelan, one of the earliest networking companies, which was later sold to Novell, and is the founding president of The Entrepreneur... See more more

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Kanwal Rekhi on the...

See this at: cnn.com| Added on 11/26/08

(CNN) – Mr. Kanwal Rekhi graduated from the Indian Institute of Technology (IIT), Mumbai and received a master's degree in engineering from Michigan Technology University. He is a co-founder of Excelan, a maker of add-on boards for desktops. Rekhi... See more more

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Kanwal Rekhi (int'l...

See this at: businessweek.com| Added on 11/26/08

A life as a rich entrepreneur in Silicon Valley was not enough for Kanwal Rekhi. He had emigrated from India to the U.S. more than 30 years ago, created his own high-tech company, sold it for $210 million, and went on to become a successful venture... See more more

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Ivan an Robyn Kaye

See this at: bsivc.blogspot.com| Added on 11/26/08

Ivan Kaye Australia Established BSI in 1989 and since that time has assisted clients with raising capital, debt and grants, acquisitions, divestments and advisory engagements. Has been involved in several venture capital investments as an advisor and... See more more

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Novell announces year-end...

See this at: findarticles.com| Added on 11/26/08

SAN JOSE, Calif.--(BUSINESS WIRE)--Novell Inc. (NASDAQ:NOVL) Tuesday announced the decision of executive vice president Kanwal S. Rekhi to retire from full time responsibilities with the company effective Jan. 1. After that date, Rekhi will become a... See more more

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News

See this at: ece.mtu.edu| Added on 11/26/08

Kanwal Rekhi tells grads that a degree is not a ticket to security, a degree means you have the knowledge and skill to get through adversity and difficulties. Kanwal Rekhi and ECE Chair Tim Schulz Giving the Grads a good pep talk.

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See this at: podtech.net| Added on 11/26/08

Kanwal Rekhi is the founding father of the IndUS Entrepreneurism (TiE). He is actively focused on helping young entrepreneurs getting started. In this interview, Kanwal shares why he started TiE and his keen interest in politics among other things.... See more more

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Kanwal Rekhi: Fomer...

See this at: sikhtimes.com| Added on 11/26/08

By MATT MARSHALL Kanwal Rekhi was born to Sikh parents in Rawalpindi, Pakistan, in 1945, and moved with his family to Kanpur, India at the time of partition, in 1947. He is married to Ann Holt. They have two grown children. He moved to the U.S. in... See more more

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This is a super page done. Lots of good information at one place. Just testing. Naren

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