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.

May - 2005 - issue > Editor's Desk

Wait and watch the new breed

Pradeep Shankar
Monday, May 2, 2005
Pradeep Shankar
Since siliconindia’s first issue in August 1997, we have written about every Indians’ journey into the world of entrepreneurship. Many took their ventures public and achieved success.

In recent years, around 25 percent of technology ventures in the Silicon Valley have had Indian brains behind them. These brains have established more than 1000 firms, created corporations and contributed a combined market value of $250 billion.

The lurking question within me is how have we, as a minority ethnic group, contributed to the growth of our economy? First generation Indians were risk takers. The very fact that many moved to the U.S. and built companies speaks of their high-risk abilities.

Many were exceptional students with high caliber who had a great desire for knowledge and economic success. Born in a developing country, their aims were high. Common themes across their success profiles are apparent even today. These are clear reflections of India’s political, social, religious and cultural environment, coupled with excellence in technical education, meritocracy, hard work, and agility to grab opportunities.

As we begin to recognize the achievements of these first generation entrepreneurs, a new breed of entrepreneurs—the second generation Indian entrepreneurs—have started creating success stories.

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