Word: silicones
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pushing the NASDAQ index to record highs, VCs could take scores of seedling companies public before they had time to fail, and walk away with triple-digit gains. The recent market downturn doesn't seem to faze Newman. "We're taking a long-term view," he says, like a Silicon Valley...
...jumping on the VC bandwagon. In the past several months, corporate heavyweights IBM, News Corp., Time Warner (parent of TIME) and Arthur Andersen, to name a few, have launched their own funds. Even the CIA has set up a venture arm, In-Q-Tel. And later this year, Silicon Valley start-up MeVC, along with VC Draper Fisher Jurvetson, will roll out a publicly traded venture fund that lets individuals with a net worth of at least $150,000 plunk down a minimum of $5,000 to play...
...consultants and securities analysts, telling others how to do so. (Calcutta-born Rajat Gupta, managing director of consulting giant McKinsey & Co., does both.) But above all, they are bringing their own entrepreneurial stamp to America's high-tech frontiers. Venture-capital fund Kleiner Perkins Caufield & Byers, one of Silicon Valley's biggest VC firms, says 40% of its portfolio consists of companies founded or managed by people of Indian origin. Indians have one of the highest per capita incomes of any immigrant group in the U.S. "It is a credit to this country that someone from a distant land...
Then came the Silicon Valley boom, which shows no sign of letting up. As a result of all these circumstances, the Indian diaspora in the U.S. tends to be the intellectual and commercial elite. According to the Center for Immigration Studies, only 3% of Indian arrivals lack a high school education, and 75% of working Indians are college graduates. (For immigrants from China, the figure is 55%.) Says Rajini Srikanth, a professor of Asian-American studies at the University of Massachusetts: "What we got were people who already came blessed with all kinds of valuable baggage." In many cases...
According to AnnaLee Saxenian, an associate professor of city and regional planning at the University of California, Berkeley, about one-third of the engineers in Silicon Valley are of Indian descent, while 7% of valley high-tech firms are led by Indian ceos. Some successes are well known, such as Vinod Khosla, co-founder of Sun Microsystems, and Sabeer Bhatia, who founded HotMail and sold it to Microsoft for $400 million. The number of Indian American New Economy millionaires is in the thousands. Massachusetts' Gururaj Deshpande, co-founder of a number of network-technology companies, is worth between $4 billion...