NEA’s Kittu Kolluri on Entrepreneurship

NEA’s Managing Partner Kittu Kolluri is an engineer turned entrepreneur turned investor. Kamla Bhatt of " The Kamla Bhatt Show" speaks to Kittu at NEA's Sand Hill Road Office in Menlo Park.

Kittu Kolluri's Profile:

Kittu joined NEA in 2006 as a General Partner and focuses on information technology investments. Present NEA board memberships include Nevis Networks, RingCube Technologies, SnapTell, Teracent, and WeatherBill. Prior NEA board memberships include PortAuthority (NASDAQ: WBSN). Formerly, Kittu was Executive Vice President and General Manager of the Security Products Group at Juniper Networks, a position he assumed following Juniper's acquisition of NetScreen Technologies. At NetScreen, he was General Manager of Secure Access Products, a position he assumed following NetScreen's acquisition of Neoteris, where he served as President and Chief Executive Officer. Kittu brings more than 17 years of experience at the leading edge of the technology industry. He co-founded Healtheon/WebMD, introducing online healthcare to the market. As Senior Vice President and General Manager of Provider Services, Kittu was responsible for product development, operations and business development. Before co-founding Healtheon/WebMD, Kittu worked at Silicon Graphics, Inc. (SGI) managing high profile Interactive TV projects. He also serves on the Board of Directors at Determina. Kittu holds a B.Tech in Mechanical Engineering from Indian Institute of Technology, Madras, India, and a M.S. in Operations Research from the State University of New York, Buffalo.

Check the Kamla Bhatt's podcast link to see his views on Entrepreneurship :

Part One:
http://www.podtech.net/home/3546/neas-kittu-kolluri-on-
entrepreneurship-part-i

Part Two:
http://www.podtech.net/home/3618/neas-kittu-kolluri-on-
entrepreneurship-part-2

Mayfield Fund’s Yogen Dalal on IIT, India and Entrpeneurship

Yogen Dalal is the managing director at Mayfield Fund, in Silicon Valley. In an interview to Kamla Bhatt of "The Kamla Bhatt Show" (http://kamlabhattshow.com/pdcst/about), Yogen answers Kamla's tough questions, like what to do if your venture fails, and how to handle failure, generally.

Yogen currently sits on the boards of Affinity Labs, Consorte, Packet Design, PacketHop, Podbridge and Revenue Science. Yogen's past notable investments include Arbor Software, BeVocal, BroadVision, Concur, Nuance, OuterBay, Packet Engines, Snapfish, TIBCO, Vantive and Whistle.

Prior to joining Mayfield, Yogen was a founding member of two successful startups, Claris Corporation and Metaphor Computer Systems. Yogen was also a member of the original Star and Ethernet development teams at Xerox and a co-author of the TCP Specification while at Stanford University.

Yogen earned a Ph.D. in Electrical Engineering and Computer Science from Stanford and a B.Tech. in Electrical Engineering from the Indian Institute of Technology, Bombay where he was recently honored as a Distinguished Alum.

Yogen is a Charter Member of TiE and a board member of the Entrepreneurs Foundation. He also serves on the board of the Oregon Shakespeare Festival, a nationally acclaimed professional non-profit theater company in Ashland, Oregon.

Check out Kamla Bhatt's podcast link to hear his views.

If you are facing problems with the link then simply copy and paste following link in the browser.

http://www.podtech.net/home/3631/mayfield-funds-yogen-dalal-on-iit-india-and-entrepreneurship

RCom plans largest wireless network in the world

Reliance Communications has grand plans. The Anil Ambani-led telecommunications major aims to have the single largest wireless network in the world by year-end, covering over 900 million Indians.

The company has more than 1 million retail customers in the United States, the largest for any Indian company across any sector, a media release from RCom said.

RCom has launched virtual international calling and voice content services in the US, Canada, UK, Australia and New Zealand. The company is one of the leading providers of international connectivity and data services to telecom operators, content providers and Internet communities.

• Reliance Communications plans to invest Rs 16,000 crore for network expansion in FY08.
• Company will launch DTH services by end of this year.
• Reliance Communications to spin-out BPO business.
• Reliance Communications to unlock value in Flag Telecom through private placement of equity and international listing of shares before year-end. The company will also unlock value in tower business through placement of minority stake to financial investors.

RCOM undertaking 4 key initiatives for unlocking value this year.

• Unlocking of value in TowerCo through placement of minority stake to financial investors at an advanced stage.
• Expect positive surprise in TowerCo valuation compared to analyst estimates.
• Yipes acquisition to substantially enhance FLAG Telecom valuation.
• Unlocking of value in FLAG Telecom through private placement of equity and/ or international listing of shares before year-end.
  

Further unlocking of value through development of Special Economic Zone at Dhirubhai Ambani Knowledge Centre focused on IT and IT-enabled services.

IT/ITES SEZ project already cleared by the GOI's Board of Approvals.
Check the full story at : http://inhome.rediff.com/money/2007/jul/17rcom.htm

WatchIndia launches Internet TV Portal for Indians

WatchIndia (http://www.watchindia.com) has launched an entertainment portal for Indians in US and Canada. The portal will comprise of live Indian channels and video-on-demand content featuring Indian TV, news, Indian TV serials, Bollywood movies, music and cricket. Some of the channels that will be streamed live are Zee Tv, Zee sports, Aastha, Zoom and Times Now News.

Subscription package costs $25 /- month and can be viewed anywhere except in India.

WatchIndia is the first site for Live Asia TV, a media company that was founded in early 2006. Live Asia's goal is to bring ethnic programming to those residing outside their country of origin. WatchIndia is partnering with top rated networks in India to provide breaking news, hit series and entertainment specials, fascinating documentaries, thrilling sports events, cricket matches, exclusive commentary, and the best of Bollywood movies. Zoom, Times Now, Aastha, IOL, Zee TV, and Zee Sports can all be viewed live on WatchIndia.com, on Video On Demand or downloaded via the Download Store.

Check out the full article at earthtimes.org link or simply copy paste the following link to the browser http://www.earthtimes.org/articles/show/news_press_release,140697.shtml

Why it makes sense to join start-ups

I have always questioned my decision to join a startup. I am still questioning it. But only reason why I wanted to join a start-up was to start something of my own in future. Another reason was to make it big, to prove to the world that I exist. Joining a start-up throws at you lots of challenges which you could not have encountered at a normal workplace. But this can also go against you if the company fails. There are lots of other reasons why I want to start something of my own, and I am still thinking about them.

Amar Goel has also tried to explain why it makes difference to join a start-up than an established firm. Following are some of his views:

“Generally speaking, youngsters in India are still too concerned about the stability of their jobs and getting married,” writes Amar Goel, CEO and founder of Komli Media, in his blog. Then he goes on to analyse “why this concern with job stability just doesn’t make sense if you are really good at what you do and are confident in that.”

“If you want to make some serious money you have to take some risk and join something early, at least among the first 50 employees."

“If you are smart, have a good idea, and can assemble a good team, then statistically, you have a lesser chance of failing today and in the next 10 years than at any time in India’s past."

“What is the difference between joining a startup that you like and the worst case happens in 2 years versus you join a “stable” company and in 2 years you leave because you don’t like the work?"

“I know a number of people in Silicon Valley who have made a career of working at startups, and are fully aware that some will be winners, and most won’t. They figure if they work at 5 startups over 10 years maybe one or two will be successful and that’s more financially rewarding than working at an already successful company as the 2000th employee.”

You can read the full article at: http://amargoel.com/2007/07/14/startups-are-way-too-risky-arent-they/

P.S. - Also check out the comments, they are great