The latest update is that our business plan for "Venture Pitch" at TIE-ISB Connect has been selected (from among 225 submissions). The plan isn't built around any unique remarkable idea. We're simply asking for venture capital to expand geographically into the US and Europe, and also to focus on a couple of niche areas within the overall information security services domain. If any of you are going to be there, drop me a line, and we'll catch up over some Paradise Biriyani! Oh, and if we do manage to swing a deal, watch out for more posts on venture capital, and such like.
About Me
- Kanwal K Mookhey
- Mumbai, India
- I run an IT Security consulting firm based out of India. We started off from scratch in 2001 when I was 21, and have offices in Mumbai, Bahrain, and UAE. The idea behind the blog is to share the stories of how we run the business, the deals we make, the deals that break, the heartburn, and the sheer joy.
Wednesday, August 23, 2006
Subscribe to:
Post Comments (Atom)
Subscribe to this site's RSS feed
26 comments:
WoW ! congrats :)
There are tonnes of new eateries in town man .. They got Better biryani then paradise any day :)
Rajat, thanks! But maybe I jumped the gun on this one. They now informed us that there is going to be another round of selections around the 5th of Sept. But either ways I'll still be there. And are you saying that there are better biryani joints than Paradise?!?! Then this isn't the Hyderabad I've known, yes? :-|
Good Luck on ur 2ns round !!!! I have been selected too in the 1st round...already submitted by 2nd D-Bplan....hoping to hear from them soon since me and my bro have to travel all the way from US
Made some correction....I am too tired...just got back from New York...driving all night and then show up at work...
Good Luck on ur 2nd round man!!!! I have been selected too in the 1st round...already submitted my D-Bplan for 2nd round....hoping to hear from them soon since me and my bro have to travel all the way from US...and also spend all the money on travel..hope it is useful!!! man...by the way what is the name of ur company?
anonymous: That's cool, man! Good luck to you too. I think it would be really worth it if the plan did get selected for the final round. Cause otherwise I don't think I'll travel all the way either. One of my partners is also coming in from the US, but only if we are indeed presenting. They said they'd got 225 submissions, but not sure how many of those went through onto the 2nd round. Email me for details, because this is an anonymous blog :)
Do you know when they are supposed to announce or send out the email? I will get in touch with ya for some details...so that we can keep in touch...and also what is the biggest advantage of coming to India for funding...do u think it is because nearly 40+ VC'c are coming down?
Anon: They'll announce on the 10th I think. I didn't know 40+ VC's are coming down. That's pretty cool. The VC scene in India is indeed getting pretty good, but we don't yet have great product ideas. So, hopefully once acaedemia takes the lead, new ideas should start producing money.
Have you got any response from TiE-ISB Connect? Does your partner in business already have a ticket to fly down or is he yet to book? It is getting too close..
I just want to let you know that close 90 have made thru to the second round
Hmm...well, we didn't actually make it. Just got an email saying our plan's not going through. So probably not making the Hyderabad trip.
We didn't make it either. That is not going to stop me from anything..I just want to know what do they mean by "We regret to inform you that the business plan submitted by you has NOT been selected for participation in the presentation round. However, we will be handing over a copy of the one page summary that you had sent to all VCs attending the event.We are sure you will use this opportunity offered by TiE-ISB Connect to network with other entrepreneurs and investors available at the venue."
Does it mean we are not selected to present in front of the entrire crowd? or is it that VC is never going to look at it unless he decides to after reading the one page summary.
I have one more question...if your one page summary is going to be handed over to VC'c then don't you think it is still worth going for the event?
anonymous: Thing is my partner might be in India anyways. So I will try and convince him to attend it. I won't be flying in for this though. I think attending the event would have its benefits in terms of networking and at least listening to the other pitches.
I was checking tie-isb website for news articles and came across one which said 20 B-Plan was seleted and 40 are in Idea Stage. Do you fall into the second category because our plan is essentially in the idea stage unlike you. I am going to call them up to find out. I have one person from our team who is currently based in Chennai go for it because according to ISB you can still take the opportunity to talk any VC. It is hard to meet 45 VC's under one roof....Moreover you think the VC's are going to be interested only in 20...it doesn't make any sense at all...together they are bringing 5 billion dollars..Let me ur thoughts man!!
On a side note: I attended TiE Boston last week...we had the Forbes # 1 VC "Pramod Haque"....this is the first time I had a chance to listen to a VC...I found it very useful...will discuss abt this later
Anon: We would not fall into the Idea Stage, since we've been in the business for about 5 years now. I think it does make a lot of sense if your Chennai team member can attend. They've agreed to let my partner attend in my place for the same registration, so that's cool. I think the entire experience would be a great learning experience. If I were in Mumbai, it is highly likely I would've gone as well. Do let me know your thoughts on what Pramod Haque had to say.
Varun: We didn't make it past the 2nd round actually. So unfortunately, I am not going, but one of my partners will be there. I will forward your contact information to him. I would have loved to be there, and lose the anonymity cloak for a brief period, but looks like that will have to wait :)
Hi Guys - Did anyone actually get funded ????? or was it one of those gettogether....I just don't understand man...all I can say is that we spend our hard earned money to events (tie-isb) for old timers together is not acceptable at all.....some people even travelled from otherside of the globe....
Anonymous: I am not sure if a anyone got funded. Having said that, I don't think getting funded would be as simple as presenting a plan at the conference. There would be many more rounds of due diligence, and other stuff, before a VC actually puts money into any of these ventures. But it would be very worthwhile if they did keep a track of the participants and then did follow up stories of those who did indeed get funded. That would tremendously increase the credibility of events such as these.
You nailed on the wall !!! Well, I hope someone gets funded. I am currently pursuing other avenues to launch my Company. Will correspond with you via email.
Well do let me know what avenues you are pursuing. I have currently put the plan on the backburner. Apparently, my partner who did attend the event, says that VC's aren't too interested in IT services companies, cause if the market has potential, the big players will stride in and squeeze us out. Anyways, we gotta do what we gotta do. :)
Hi Intrepid, I wanted to start my own business for the last 5 years. But couldn't, I wanted to start as a authorised distributor for diagnostic products. I had shared the details with one of my friend, but now he used the same details and got the authorisation from the foreign company. At present I would like to talk to someone who can let me know how to start a business of import of products (diagnostic) and sell , can you please let me know if I can mail you the details.
Thanks for sharing, I will bookmark and be back again
Start Company in India
Thanks for sharing your info. I really appreciate your efforts and I will be waiting for your further write ups thanks once again Top Engineering Services Companies in Bangalore | Top Engineering Services Companies in India
Thank you for this article.
you have explained each and every point in detail as why blogging is the best source of income.
Thank you
Really nice info you have provided to us.
Would love to share this with my near and dear ones.
Keep it up
In order for someone to have successful business,he should also consider
getting the right place for his business. Well, thanks for sharing those
great tips of yours. Agreed on it. Keep it up!
http://astrologyindia.in/
Post a Comment