The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

Ingredients Of Wealth

Friday, November 21, 2008

As we present to you si 50 – the annual list of the 50 wealthiest South Asians in high-tech in the US — we found ourselves wondering: what are the ingredients of wealth in this highly competitive, dog-eat-dog industry? Success stories abound, while stories of failure are even more abundant. Obviously, the rules are changing; some are altered, and a whole bunch of them are simply disappearing or have already vanished. Looking carefully at the personalities that comprise the 50 listed, we’ve come to some simple conclusions: it’s about basic values. Although you’ve surely come across them before, we’d like to put them in a new perspective: that of a major contributing factor to wealth creation in today’s new world.

Honesty: Clearly defined and aboveboard business practices are critical in this information-driven society.

Leadership: If you don’t consider yourself a leader, don’t do it. As we have repeated time and time again in this magazine: It’s about people and managing them.

Focus: If you can’t maintain focus, then stay out of the game. To be successful, you need to have a razor-sharp vision of the product, the timeline and the dream.

Passion: Do you have a fire in your belly? Is that fire enough to keep you motivated for years on end, through hardship and discouragement?

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