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Began in April 2006, the Indian Angel Network is a singular concept which brings together highly profitable entrepreneurs and CEOs from India and around the world who are interested by investing in startup / early stage ventures which have the potential of making disproportionate value. Within the twenties New York resort proprietor Raymond Orteig provided a $25,000 prize to the first particular person to fly non-cease between New York and Paris. The network is robust and has deep roots in the Valley.
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Indians, who constitute only 6% of Silicon Valley's working population, start roughly 15% of its firms. They concluded that the important thing to uplifting their neighborhood, and fostering extra entrepreneurship normally, was to teach and mentor the subsequent generation of entrepreneurs. They formed networking organizations akin to TiE (The Indus Entrepreneurs) to teach others about beginning businesses, and to bring folks together.
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