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September 2020

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Nitin is a man of many talents and a man for all seasons! A Harvard MBA, a McKinsey consultant, a VC/PE investor and an entrepreneur. He was also the idea man in early days of TiE. He helped structure TiE as a 501c(6) organization and collaborated with Suhas Patil in formulating by-laws of TiE. He inducted Chirag Karia as the first General Counsel of TiE. Chirag later moved to UK and was replaced by Raj Judge who still is TiE General Cousel after all these years.

Early on Nitin organized a retreat of TiE Charter Members in Sonoma to bond CMs and their families. As TiE started to expand beyond SV, these retreats became a way of bonding members globally. These retreats have been a favorite of mine. I have attended most of them. There was supposed to be one in Almaty this year.

The TiE Retreat at Ritz Carlton in Maui has never been matched. Nitin organized that. We had a bollywood band and a five star chef brought from Bombay for that. He had an artist making sketches of group activities. Those poster have been framed and are at TiE office in SV. It was a class act. CK Prahalad attended that and soon after, he penned The House of TiE paper

I would be remiss if I did not mention several othere individuals who participated in the founding of TiE in 1992 and 1993.Kailash Joshi should get an notable mention. He organized the original lunch with Mr. Vittal in 1991 that got the ball rolling. He was a speaker at the first TiE Confernce. He later succeeded me as the Third president of TiE SV.

Satish Gupta was very active as a volunteer, especially in marketing and content of the conference. He was in marketing at Cirrus with Suhas and later was a founder of Cradle Technologies.

Prabhu Goel was very much involved and helped Suhas finalize the by-laws. Prabhu Goel was an inventor of Verilog and changed the logic design from a drafting board to software. He was also founder of several companies about Verilog.

Prithipal Singh, Narpat Bhandari, Mohan Trikha, Rayudu S. Vrudhula, Deven Verma, Krishan Klara , Sucheta Kapuria, Gadasalli SatyaParveen Gupta were also active. Parvin as a matter of fact coined the word TiEcon.

Some of these folks may have played bigger roles than I recall. Others, especially Roy, Bipin and AJ, can add more color here.

My apologies to others whom I may have forgotten.

The concept of Charter Membership is at the heart of the success of TiE. The initial idea was mooted by Ambrish Patel (AJ) and refined by Suhas Patil. Mentoring of the young aspiring entrepreneurs was one the original goals of TiE. Two classes of memberships were necessary to separate the mentors from mentees. Charter membership dues was set at $1000 whereas members only had to pay $100 per year.

TiE Charter Members, by definition, were people who had achieved a certain level of success and were now ready, able and willing to pay forward. They had to commit to spend time and energy to mentor younger generation.

The concept was further refined by Nitin Mehta to include people who are willing to spend time and energy to make TiE organization successful. CK Prahalad further talked about the ancient Indian tradition of Guru-Chela as a model.

Mentoring became one of the bedrock activity of TiE and contributed to its attraction to many people, both mentors and mentees.

https://www.dropbox.com/s/d1j1y3p6xohvb3p/TiE%20Recomendation%20of%20Charter.mp4?dl=0

This is the first annual report published in January 1995.

Please note the official history as published at the time.

Please note the list of the CM at the time. Also, 10 sponsors are listed. There is also a list of the office bearers. There was no official sponsorship chair at the time. Paul Gupta led the effort to raise sponsorship as a volunteer.

Of particular note is the philosophical framework listing a set of values that underpinned TiE. Not a word has changed.