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They concluded that the key to uplifting their community, and fostering more entrepreneurship in general, was to show and mentor the following technology of entrepreneurs. Indians, who constitute only 6% of Silicon Valley's working inhabitants, start roughly 15% of its companies. They fashioned networking organizations comparable to TiE (The Indus Entrepreneurs) to teach others about starting companies, and to carry people together.
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The One Million by One Million (1M/1M) initiative is saying a partnership with TiE Chennai that developed out of Sramana Mitra's presentation during TiE Chennai's Startup Tremendous Day on April 9, 2011. The remaining are Silicon Valley entrepreneurs of assorted stripes. The night began with a welcome tackle by Dr Sanjeev B Ahuja, president of TiE UK. He said that regardless that the worldwide financial outlook is bleak, we should still preserve looking onwards and upwards as far as supporting established and budding entrepreneurs. He talked about TiE's transformation since its beginning as a gaggle of like-minded associates, to its current membership and attain.
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