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Success
Stories
Prakash Bhalerao, Vinayak Gokhale and Shree Thanedar...
have been successful in their pursuit of the American Dream
... Chinmay Arun Damle profiles
their success stories.
He likes to call himself a 'serial entrepreneur'. Others
prefer to call him the 'Indian Wu Fu Chan'.
Prakash Bhalerao is a successful high-technology entrepreneur,
angel investor and venture capitalist and has co-founded
several admired - and highly sought-after - Silicon Valley
start-ups, including Amber Networks, Ishoni Networks, Alopa
Networks, Optim Networks and ECTone.To date, Prakash has
been closely involved in launching over forty companies
worldwide including IPOs by C-Cube Inc., and Sage Inc.,
as well as acquisitions of Amber Networks (by Nokia), Ambit
Inc. (by Cadence Inc.), Ishoni Networks (by Philips), Armedia
Inc. (by Broadcom Inc.), and vEngines Inc. to name a few.
He is an active participant and limited partner in more
than 10 venture funds, some of which are focused on emerging
opportunities in India. He also has played an active role
in several India-targeted companies.
His wife Dr. Sujata has been a constant support all through
the exciting but strenuous journey. She has made sure that
the family stays glued to its Indian roots. The children,
Leena and Neil, learn Indian classical music. Dr. Sujata
is involved in voluntary work through an organization called
'Maitra' which strives to help needy women from the subcontinent.
Belonging to a modest middle-class family, Bhalerao's fame
and reputation were engraved on an entrepreneurial motto
he adopted very early in life. After graduating from University
of Indore in Electrical Engineering, he came to USA where
he received an MSEE and an MBA from the Worcester Polytechnic
Institute in Massachusetts. He began his career at Digital
Equipment Corporation (DEC), eventually becoming General
Manager of DEC's entire semiconductor business. Following
his successful stint at DEC, he joined C-Cube Microsystems
as a founding team member and served as a Senior Vice President
of Engineering and Product Marketing. This best-known 'hustler
investor' of Silicon Valley founded, led or guided a whopping
40 IT companies. Splitting, cannibalizing and spinning off
start-ups with alacrity, he gained a hardball reputation
famous for speed. Mr. Bhalerao reflects," IT is that deep
edge frontier of the technology world, one where even geeks
tread with care. And right there, on the edge of technology,
are Indians. There is not a single networking company in
the Valley that does not have an Indian as a founder or
Chief Technology officer. Several Indian 'network nawabs'
and honchos have sculpted their own niches, a large number
of them being Maharashtrians."
With such an entrepreneurial fire and almost hallucinogenic
optimism, it doesn't come as a surprise when Mr. Prakash
Bhalerao is referred to as 'the nearest thing to a banyan
tree in the Indian-American community'.
Language is a cornerstone of cultural preservation. It records
history, tells stories, conveys ceremonies, and imparts
knowledge. Language names and differentiates the surrounding
world, providing meaning and structure for all communication.
Through its choice of words and rules of vocabulary, language
perpetuates cultural values and sustains a world view. It
preserves a community's identity. A language is endangered
when its speakers cease to use it, use it in an increasingly
reduced number of communicative domains, and cease to pass
it on from one generation to the next.
When a language dies or is lost, the people who once spoke
its words lose something irreplaceable, a sense of themselves
as a people united by their own language.
When Vinayak Gokhale came to Canada in 1966, there were
a handful of Maharashtrians in USA and Canada. The spoken
and written language had started to spiral into an abyss
of technological grunts and glitzy packaging. He knew his
identity was tied into Marathi in very deep ways. It was
central to who he was. The urge to read, discuss Marathi
literature, stay tuned to the latest developments in the
world of music and performing arts made him take an initiative
and a group was formed to make efforts to satiate this thirst.
'Snehabandha' (the bond of love) was the first step in this
direction. Gokhale was the editor of this handwritten newsletter.
'Ektaa' (unity) was started in 1979. The first issue of
this magazine caught attention of the Maharashtrian community
in Canada and then there was no looking back. Gokhale was
not only the editor but he also had to look after the management
and distribution. He was later joined by Ms. Durga Pachchapurkar,
Ms. Rajashri Manohar and Ms. Vinita Utagikar. His wife,
Pratibha, and sons, Rajesh and Anil, have also played an
important role in bringing 'Ektaa' to the forefront. With
a readership of almost 1,500 this small magazine has not
only been instrumental in catering to the needs of the first
generation immigrants, but has also made the third generation
Indian-Americans aware of their roots.
Marathi is particularly vulnerable because of its saliency
on one hand and its lack of organic roots in USA, on the
other. Mr. Vinayak Gokhale and his team should therefore
be applauded for his efforts. After all, People used to
apologize for not speaking English well. Now they apologize
for not speaking Marathi well.
On a freezing cold February eve in 1979, Shree Thanedar
landed in the USA as a young Indian student with a bagful
of dreams and no warm clothes. Today he is aglow with a
different concoction altogether: money and success, the
kind of which few of his ilk has ever seen. He owns Chemir
Analytical Services and is the President of Brihan Maharashtra
Mandal (N. America).
Growing up in Belgaum, Karnataka, the idea of one day running
a multi-million-dollar American enterprise was no doubt
quite improbable to Thanedar. The oldest boy among nine
siblings, his immediate concern was helping feed his family.
A brilliant student, they all thought he was made for life
when after college he landed a job in a Bank. But he did
not want to be intellectually stymied. He left the cushy
job and joined BARC (Bhabha Atomic Research Center) where
he worked for four years. He earned an M.S. in chemistry
while working as a health technician at the center and soon
his inherent restlessness got him to think about obtaining
a Ph.D., and possibly working, outside the country.
He applied to the University of Akron, in Ohio, after learning
about its strength in polymer chemistry and was admitted
in 1979. By the fall of 1982, Thanedar had his Ph.D., but
the U.S. was in recession and he couldn't find a job. In
1984, he completed the postdoc at Ann Arbor and was finally
getting job offers. With a newborn son and a wife finishing
a medical school residency, it was a bad time for Thanedar
to set out on his own. He wasn't quite sure how he would
achieve that goal, but he had big dreams and was determined
to start his own business. The opportunity for Thanedar
arose in 1990 when Clara Craver, a scientist and founder
of what was then known as Chemir/Polytech Laboratories Inc.,
offered to sell him the company for $75,000. He financed
the acquisition by taking a loan from a local bank.
Shree Thanedar's journey from a poor childhood in India
to the helm of a group of chemistry-based companies is a
classic American dream story. And with a recent custom synthesis
acquisition and the formation of a new pharmaceutical services
company, it's a continuing story as well. Thanedar lives
in Ladue with his sons, Neil and Samir, and his wife, Shashi.
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