‘Any fool can raise startup’s valuation by pumping in cash’

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‘Any fool can raise startup’s  valuation by pumping in cash’
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Even stranger is the centre of attraction: iconic Silicon Valley entrepreneur and investor Kanwal Rekhi, who was the first Indian-American founder to list a venture capital-backed company on the Nasdaq.
Not many would do what Rekhi did at 75: he took a flight from San Francisco, landed in Hyderabad in the early hours, and drove to his Bay Area friend and fellow investor Raju Reddy’s home town in Telangana to support a social entrepreneurship project.
A buffet dinner at a school campus follows a fireside chat at the Nizamabad chapter of The IndUS Entrepreneurs (TIE), a Silicon Valley networking and mentorship organization Rekhi co-founded in the early nineties.
That energy and enthusiasm, combined with endless intellectual curiosity and a raconteur’s love for storytelling, gives a clue to what made him succeed, first as a pioneer among Indian-Americans to adopt the Silicon Valley way and then as a mentor to other Indian entrepreneurs, including Reddy, who followed his lead.
“I enjoy it when I learn something new from entrepreneurs, new thinking, new ways of doing things,” Rekhi tells me over lunch when I get a chance to sit beside him.
“To simplify business is a big part of my approach,” says Rekhi, citing the example of one of his early bets as an angel investor: Exodus, the internet hosting company founded by K.B. Chandrasekhar and B.V. Jagadeesh in 1994, which was listed and was a $20 billion company at its peak.
“I can never tell which entrepreneur is going to succeed,” he says.
But a trio of Indian engineers—Kanwal Rekhi from IIT-Bombay, Inder Mohan Singh from IIT-Kharagpur and Naveen Jain from BITS Pilani—jumped the gun with their startup Excelan, which was the first in the market with networking boards.
So, putting TCP/IP and Ethernet together wasn’t considered smart because they were mismatched,” recalls Rekhi

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