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Ritu Jah
Aimed at overcoming recession concerns and bringing Indian-American entrepreneurial accelerators, service providers, and investors together to boost startups, held Jan. 21 at FalconX in Milpitas, Calif. We attended our first networking event of the year.
The main organizers are the American Tamil Entrepreneurs Association (ATEA), a non-profit organization that fosters entrepreneurship among members of the Tamil community in the United States, and Silicon Valley-based technology accelerator FalconX. Join and is another non-profit venture run by IITStartups. CAStartups, a newly founded non-profit organization dedicated to startup education and mentoring, founded by his IIT alumni and certified public accountants (CAs) to support startups founded by IIT alumni.
ATEA co-founder Lena Kannapan welcomed the idea of working together, speaking to indica on the sidelines of the event when asked why they needed to work together. They all require technology platforms, lots of mentorship, and subject matter experts. ”
Kannappan, Head of Strategic Partnerships at Healthcare Triangle and Advisory Member for the California Region, said: Council, University of Chicago.
“There is no competition or conflict, it is like working with TiE Silicon Valley and many TiE SVs. [members] It’s a startup and we’re backing them,” he said.
He added: And we mostly provide this support to startups behind the scenes, and we felt it was important to bring out service providers and have very focused events. Whether you’re dealing with incorporation, have questions about tax services, or want to partner with one of Silicon Valley’s best law firms.”
“Startups need even marketing materials that are constantly struggling, from card printing to logos and browsers. I felt it was the best thing to do,” said Kannapan. Chief among them are his IITstartups funded by IIT alumni and CAStartup.org recently founded by his CA veteran seasoned and his private equity and banking industry.
Kannapan also said it has partnered with FalconX, a facility we leverage. And they have his 40-50 startups. IITstartups has grown to 120.
Regarding ATEA’s Digital Accelerator, he said it hosts three cohorts that launched in 2019, with a fourth cohort launching in a few months. Kannappan said that since 2019, he has been selected for 25 of his 150 applications.
Kannappan happily pointed to the participants and told Indica that he didn’t expect so many people, but today it’s lively with a wide variety of backgrounds and investors in the room. says so. ”
Vineet Malhotra, co-founder of CAStartups, founded in November 2022; Vish Arunachalam, co-founder and CEO of ProScaler.ai; founding chairman and director of ICAI San Francisco; Invest told indica, a bystander at the event about the formation of CAStarups:
“We have both a forum for them to participate, as well as academic resources, professional resources and the capital of Silicon Valley to help bridge the gap between CA in India and Silicon Valley. That is the core mission of CAStartups.” said Malhotra. Launched his first startup a week ago.
“The central theme is working together and we can bring so much value…I am really excited and the new initiative will add a lot of value to the CA fraternity around the world.” I guess,” Malhotra said. business acumen. ”
Also in attendance was Platformitfy founder Kumar Kandaswamy, who launched the company six months ago. He says that when the economy is down, we can actually build the products that the market is trying to take advantage of. “We are very excited to use this opportunity to build something of value for companies in different stages,” said Kandaswamy, an ATEA member who is in his fourth cohort. ‘s Digital added that he plans to participate in the accelerator program. Several months.
Another attendee, Yogendra Chordia, co-founder and president of Schrocken Inc., a SaaS platform for life science pharmaceutical companies, said she was there to network with people after the long gap forced by Covid. said he came to
Dane Patterson, partner at Goodwin Procter LLP, said it’s the right time to invest in startups because there’s a lot of activity in the early stages, even with concerns that a recession is looming. “Later stage rounds are slow and challenging because companies are growing too fast or the market is going backwards and they are overstaffed.
Karthik Swaminathan. A representative for his ICICI Bank in the San Francisco Bay Area showcased how banks can help start-ups, and an Indian shaping start-ups in India and the US said: place.
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