They began moving into management, eventually trying their hand at starting software and hardware companies of their own. That trickle turned into a flood as the Internet took off and people got rich through initial stock offerings. AnnaLee Saxenian, a senior fellow at the Stanford Institute for Economic Policy Research, estimated in 1998 that 774 companies in Silicon Valley were run by Indian entrepreneurs. Other angels are recycling Internet wealth. Reflecting on the rising fortunes of the TiE group, Mr. Rekhi, who worked at Novell Inc. after it purchased Excelan, says three years ago few people saw the Internet's potential.
Expectations are totally unbelievable.
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