India is at the threshold of a widespread adoption of internet and ecommerce in consumer, small business and enterprise. The last 12-months have seen a huge increase in traffic and revenues of various ecommerce sites as well as an explosion in data traffic through GPRS and now - 3G. Coupled with a dramatic lowering of the price points of Smart phones (under Rs. 5000), impending slew of low-cost tablets (under Rs. 10,000) and massive identity infrastructure like UID has created a fertile ground for entrepreneurs. Now entrepreneurs can start with a clean slate and build apps and products based on the new ground realities which can leapfrog existing technologies. Exploiting these opportunities calls for the new breed of entrepreneurs to use the “lean startup” model - quickly building, tuning and sometimes discarding products and business models in a rapid protyping and testing cycle., Doing this successfully, however, requires, a support system that does not exist today. AngelPrime addresses this much needed gap in the Indian startup ecosystem. While numerous Venture and PE funds pour capital into later stage ventures with proven business models and revenues, the very early stage startups and entrepreneurs with ideas are starved of investment and critical mentorship. AngelPrime works closely with entrepreneurs in each step of a 7-step process: 1. Attract high-quality entrepreneurs into the ecosystem. The potential AngelPrime entrepreneurs should be either highly technical or have deep business experience. Having a “fire in the belly” is the most important ingredient for any successful startup and we place undue premium on this. 2. Identify focus area. Entrepreneurs can work on one of ideas being already incubated at AngelPrime or bring new ideas to the table. 3. Distill the ideas into a workable product, a potential business and build the first prototype. 4. Validate the product in the market and get multiple perspectives. 5. Iterate and refine the idea and launch the complete product offer. 6. Continue building out the team, build up revenue and customers. 7.In 18-months, raise institutional capital and let the companies fly! Energy. Ideas. Leadership. Did we mention energy? That's Sanjay Swamy in a nutshell for you. Best known for his leadership role at mChek, the path breaking startup in secure payments, Sanjay has trodden the tough and demanding path of an entrepreneur all through his career. After completing his bachelor's degree in engineering, Sanjay headed to Paris where he learned to cuss fluently in French, while getting a Master's degree, one of which proved to be more invaluable than the other over time. A stint at Xerox PARC in Palo Alto provided a moment of epiphany and it's fair to say that things have never been to same since. Bitten by the desire to create, Sanjay embarked on a journey to build world beating teams and products that took him through startups like Ketera and Portal Software, mChek and Zipdial, which he co-founded in 2010. An active member of the community, Sanjay is a Rotarian and a charter member of TiE. Sanjay also played a prominent role on the UIDAI project under the leadership of Mr. Nandan Nilekani. He is a frequent speaker and evangelist in the entrepreneurship and payments circuits in the country. His life-changing app for 'how to win an argument with your wife' sadly continues remain in slide-ware and unready for field trials. He lives in his hometown, Bangalore with wife, Tulsi, and son. Shripati Acharya | IIT engineer. Stanford computer scientist. Harvard MBA. Entrepreneur. Business leader. Though there are many ways to begin to describe Shripati, he's best known by friends and colleagues for being astute with a razor sharp intellect and yet charmingly unassuming and accessible, with a zen-like devotion to data driven decision-making. Shripati has combined a passion to build great teams and an extraordinary desire to excel along with a keen eye for spotting the tales that numbers tell through his career - be it as a lead for one of Cisco's most successful switching product lines or as the business head for Cisco's education initiative or as a co-founder of Snapfish, the world's largest photo site, acquired by Hewlett Packard, or at Transarc, which was acquired by IBM, not to mention the stint working alongside Mr. Nandan Nilekani on the UIDAI project. Having spent substantial parts of working career in the United States and India addressing worldwide markets, Shripati brings a global management perspective. His passion for Indian business was lit when he interned for Boston Consulting Group in India after business school, and has grown through investments in and mentoring of Indian online startups over the last decade. Shripati enjoys the great outdoors and has hitch-hiked through Europe and trekked the wind swept mountains of the Himalayas and the Andes. A firm believer in healthy living, Shripati diligently practises yoga and meditation, and has the phone number of every organic shop in Bangalore on his speed dial. He lives in Bangalore with his wife, Sowmya and two children. Bala Parthasarathy | It's one thing to be an entrepreneur. It's another thing to pull it off multiple times. Bala has been there and done that. While fortune favors the brave, Bala's success is also due to an uncanny knack for spotting trends, an endless reservoir of energy and passion to ideate, strategize and execute and a charismatic, down to earth working style that has won friends and helped him assemble the best teams in business. Among other things, Bala has built three companies, the latest of which was Snapfish, bought by Hewlett Packard in 2005. As General Manager and MD for Snapfish International, he led its growth into becoming the world's largest online photo site with 100M+ users, and expansion into 20+ countries in Europe and Asia Pacific. Later, he worked with Mr. Nandan Nilekani, Chairman - UIDAI, and played a seminal and leading role in defining the application strategy and developer ecosystem on the UIDAI project, considered widely as the most complex project of its kind anywhere in the world. To describe Bala as just a successful entrepreneur is to leave an interesting story half said. His insatiable appetite to see the world has taken him on personal adventures across 75 countries in the world and driven him to acquire fluent spoken Spanish and French and a surprisingly effective grasp of German, Portuguese and Italian, endearing him to many a waiter at restaurants all over the world. He has climbed the Kilimanjaro, trekked the Andes, Alps and the Himalayas, motor-biked across the African continent, up the highest motorable road in the world at Leh, ridden boats, camels and ramshackle trains - in the quest for experiencing those indescribable moments which have made him what he is. He shares his love for the world and adventure with his wife, Dana and their three kids. Prior to Snapfish, Bala co-founded Wyatt River Software, which was acquired by what is now SafeNet and started his career as one of the early engineers who built Digital Link, which went public in 1993. In 2006, he was recognized by University of California – Santa Cruz with its highest honor for alumni as a "Distinguished Alumnus". He obtained his bachelor's degree from Indian Institute of Technology, Madras. At the end of the day, Bala considers himself as just another guy who likes to drink life from a fire-hose, and believes that there is always a new world waiting to be conquered.
cultivating success