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ZT: 硅谷风险投资公司竭力推动STAT-UP离岸营运 -- wanderer - (6185 Byte) 2004-5-18 周二, 02:51 (3062 reads) |
wanderer
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加入时间: 2004/02/20
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作者：wanderer 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
想象一下在硅谷某幢大楼里：乘电梯来到第十层，走出来首先看到的是VC的大办公室，然后沿着走廊是一间间的STARTUP公司，里面只要几个孤独的CXO和他们的秘书、、、呵呵
Executives In Valley Workers Offshore
- NEWPATH VENTURES PUSHES STRATEGY FOR ITS START-UPS
In his plush 10th-floor offices in Santa Clara, Vinod Dham sits with an undisturbed view of San Francisco Bay. Along the hall are several empty offices with gleaming glass windows, all awaiting new CEOs for fresh start-ups.
This is the domain of NewPath Ventures, an unusual venture capital firm founded last year by the two Indian-born entrepreneurs. As its name suggests, NewPath Ventures has found a new way to do venture investing, and it leads from Silicon Valley straight to India.
NewPath is building its entire model on offshoring, and that alone. It plans to form companies here with executives sitting in the glass offices, and then do most of the hiring in India. And so, while traditional venture firms are pushing their start-ups to move work offshore, NewPath is taking the premise to a whole new level.
``The business model for venture capital is broken,'' says Dham. ``Venture firms can no longer continue investing the way they were. You have to get creative about going to China or India.''
Dham -- known as ``Father of the Pentium'' for his work on that key Intel chip -- and his partner Tushar Dave have raised $55 million for NewPath to invest. They both believe India's advances in the software sector can be extended into chip design and other echelons higher up in the technology food chain.
The high cost of labor here is causing many start-ups to die, and many more to never see the light of day, they say. They plan instead to invest in Indian labor early on, and also tap the brains and energy of the valley to generate a slew of U.S-India ``hybrid'' start-ups.
NewPath has already invested in three companies and plans to invest in at least two more by the end of next year.
Investors' attention
It's too early to assess how well NewPath's investments are doing, and it could be years before they yield significant profits. However, the initiative has grabbed the attention of investors such as Dick Kramlich, a respected venture capitalist with big-name firm New Enterprise Associates. Kramlich said NEA doesn't intend to put money directly into Asian start-ups, but is investing with NewPath Ventures as a way of getting more exposure there.
Their first investment was $10 million last year into inSilica, a chip-design company that has taken over part of the seventh floor of the same high-rise. The company has been successful enough to raise another $10 million in a round led by Flextronics, an electronics outsourcing company that is also a customer. It employs about 23 people here and 55 in India.
That ratio, of about 30 percent employees here, and 70 percent abroad, is the rough target NewPath has in mind for its investments. ``If it had been just in the U.S., we would not have funded the start-up,'' Dave says.
Another example is Nevis, which sells a network-security system for large companies. Its offices are nestled in the seventh floor, too. NewPath invested $10 million in a first round, and last week Nokia Venture Partners led a second $10 million round.
More interesting, though, is NewPath's third company, Telsima. The company sells a Voice over Internet Protocol (VoIP) product mainly to the Indian market. But along with 20 people in India, it hired 15 people here to lead strategy and manage product design -- a sign that U.S. experience and expertise is desirable even for products sold to the Indian market.
Sales overseas
That's a pleasant twist to a trend many people suspect is one-sided -- where, increasingly, products consumed here are conceived and built only abroad.
Dham and Dave both bring plenty of experience to the table. After Dham led Intel's Pentium project, he joined chip company Silicon Spice as chief executive. There, he oversaw its acquisition by Broadcom in 2000 for $1.2 billion.
Dave, meanwhile, founded Arcus in 1987, one of Silicon Valley's first companies with operations in both the U.S. and India. He then founded Armedia, which was sold to Broadcom for $100 million.
The two met while working for Broadcom. They hatched the NewPath Ventures idea before the political fallout about offshoring reached a feverish pitch in September.
Looking out of his window, Dham doesn't bash Silicon Valley. Rather, he waxes at length about the talent here, the educational opportunities, the diverse immigrant population -- even the weather and the scenic view of the bay. They both say they prefer to live here rather than in India, and that the Bay Area will remain the most important place to hire executive teams and lead business strategy.
But Dham and Dave warn that the Bay Area's promise shouldn't be taken for granted. When they get a chance, they lecture visitors about how companies like Intel, Cisco Systems and Dell need to spend more money on research and development to keep the United States in the lead.
They point to the sacrifice being made by India's growing middle class.
``This is a huge pool of talent,'' Dham says. ``And educating children is the motivation of every parent, maybe to the point of starving themselves.''
作者：wanderer 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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