The secrets are no longer. The environment which helped to ignite the Internet in Silicon Valley is unique. I would like to share my thoughts on three areas which will have a significant impact on expanding the Internet in India. I should first say that India has played a vital role in the early success of Silicon Valley in California. Without the highly qualified technicians, engineers and computer scientists from abroad and, in particular, from India, we would be starved for desperately needed human capital.
Indian technology has an outstanding reputation in Silicon Valley.
In fact, one of the co-founders of Sun Microsystems came from India. He is now a partner at the premier venture capital firm in the U.S. where he looks at many new start-ups. There is a huge amount of capital in Silicon Valley looking for a home. Still, once the investment bankers get behind an Internet company for an initial public offering, merger, or acquisition, the institutional and individual investors seem comfortable with throwing a billion here and there at new companies. This is California's second gold rush to be sure.