Events
2010 Education Panel Discussion
How Education / Business Partnerships Improve Georgia Schools
March 19, 2010 - 7:30 AM to 9:45 AM
Sponsored By:
Georgia Pacific
GE Energy
North Highland
Strength in numbers
by Alison Amoroso
January 23, 2008
"TiE [Talent Ideas and Enterprise] was the first place in the Southeast to give me an
opportunity to present my company," says member Srinivas Kilambi. A recent president/CEO of
Reliance, the fastest growing company in the world (and owned by the richest person in the world),
Kilambi noticed that Georgia was missing the boat in green investment. After recently joining the
Atlanta chapter of TiE, also known as The IndUS Entrepreneurs, this serial capitalist was quickly
recruited to become a mentor, and an advocate.
TiE is a global, not-for-profit organization started in the Silicon Valley 16 years ago by a
group of forward thinkers, including the founders of Hotmail and Sun Micro, to advance
entrepreneurship. Chartered and governed locally, membership is open to all and according to its
Web site, has "the explicit goal to benefit entrepreneurs and nurture the next generation of
entrepreneurs."
"My presentation at TiE's regional conference in September served as a dress rehearsal; that
same week I presented to Kleiner Perkins Caufield & Byers (which recently brought Al Gore onto
the board) and secured $6 million," says Kilambi. "TiE members at the presentation also invested in
my business, Sriya Innovations," a company he ambitiously plans to become the Google of
bio-refineries in terms of innovation and reputation.
"We're the best kept secret in Atlanta for entrepreneurs. Few groups have the scale we do,"
says Nandan Sheth, president of the 10-year-old Atlanta chapter. "Or the vision," says Kilambi, who
has interested investors and research universities all over the country. He hadn't heard a peep
from Georgia investors until he joined TiE, despite living here since 1996 and earning his Ph.D. in
Tennessee.
The leader of leaders
Sheth, who recently took the helm of the 400-plus membership, is an infectious leader. An
entrepreneur who co-founded the world's largest electronic invoicing and billing company, Harbor
Payments, and recently sold it to American Express, has been diversifying the membership and
communicating the way it is perceived. He's also recruiting a diverse range of people and types of
companies since becoming president-elect a year ago ... despite losing sleep with a newborn at home
and starting another company.
"We've grown our membership among women 50 percent in the last year," says Sheth, "and
recently held our first executive round table of women executives, which included Kelly Gay [CEO of
KnowledgeStorm]. I wanted to include many of the great women entrepreneurs in the membership and to
help women have role models."
"TiE provides access to the best types of people who can mentor any type of entrepreneur,"
says Kilambi, whose renewable biotech companies and patents are aimed at creating more food and
energy for the world. "New entrepreneurs, particularly, will see a path and find people who know
exactly where they are on it," says Sheth.
"A typical entrepreneur in TiE will have a company with $5 to $10 million in revenue, employ
25 to 100 people, and will be trying to take her company to the next level through investment,
acquisition, merging or organic growth," says Sheth. "But members are anyone from MBA students to
corporate executives looking for tools to foster entrepreneurship within their own, large company."
TiE has general members and 25 to 30 charter members, such as Ashish Bahl, who successfully
sold three technology companies in the last 10 years and raised more than $100 million in venture
capital. Successful entrepreneurs recruited for charter membership have launched, grown, and sold
with lucrative exits one or two times. Sheth is building the board, comprised of charter and
general members, and external representatives who are well-networked and provide broad direction.
Kilambi is impressed with Sheth's leadership. "I'm an entrepreneur because I want to do
something for humanity, not for the money." His newly launched company pioneered research that
converted biomass into sugars in 10 to 20 seconds. "I'd like to see TiE become the springboard of
innovation in the Southeast, particularly among entrepreneurs of green companies. I'd be the first
person to step up and help Sheth," says Kilambi. "Who cares about how sleek the next cell phone is
when people are starving? I'm interested in attacking the bottom of the pyramid issues."
For more information about TiE, click
here.
Interested in additional networking opportunities? Here are several more resource
organizations for entrepreneurs in the Atlanta area.
Entrepreneurs' Organization, Atlanta Chapter: the Young Entrepreneurs'
Organization
Global organization with local chapters. Current members are between the ages of 27 to 50,
have accumulated sales of over $520 million annually and an average member sale of $6.2 million.
www.eoatlanta.eonetwork.org
Advanced Technology Development Center (ATDC), Georgia Tech University
Science and technology incubator that helps Georgia entrepreneurs launch and build successful
companies by providing strategic business advice and connecting its member companies to people and
resources.
www.atdc.org
Entrepreneur Series for New Businesses, Kennesaw State University Small Business
Development Center
Provides information and support to new and existing business owners.
www.sbdc.kennesaw.edu
Metro Atlanta Chamber of Commerce
Various councils and resources, including information on starting a business in Georgia, and
women and minority owned business certification.
www.metroatlantachamber.com
Women's Economic Development Agency
A non-profit, tax-exempt organization that provides support and programs for women
entrepreneurs.
http://www.weda-atlanta.org/
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