Entrepreneurship is beginning to be celebrated, says Deep Kalra of Makemytrip.com

What does No Boundaries mean in entrepreneurship? At the second day of TES 2010, this was the question that Mr. Sridar Iyengar, Chair of the TiE Entrepreneurial Steering Committee put to two seasoned entrepreneurs in the keynote panel.

Mr. Zohar Zisapel, Chairman, RAD Data Communications, a veteran entrepreneur who has fourteen companies under the RAD Group, showed how there are really no limits to starting up. He spoke about starting up a successful company in Israel, and then going on to start several new ones by working on ideas, bringing in great teams to build and running new companies based on the ideas.

The most interesting slide of Mr. Zisapel presentation was a genealogical map of the number of companies that the RAD group had spawned. These included companies started by people who had left RAD, and then by employees of those companies leaving to start new companies of their own. One of the key factors of success is to share the wealth with the teams, he said. Mr. Deep Kalra, Founder and CEO, Makemytrip.com, presented the various angles to having no boundaries. Growing geographically was one, he said. But remember, its going to take a long time to build a great company in India, because each aspect of it takes longer than in countries like US or Israel. Mr. Sadeesh Raghavan from Acumen Fund, a venture philanthropy fund, said that he found that working with the lower-income people has shown him that they display more integrity, transparency and dignity than the more fortunate class. He said venture philanthropy funds enable the scaling of social entrepreneurship ventures. Social ventures must realize that they need different business models as they scale, and should be able to adapt to that. Mr. Kalra pointed out that Indian companies today benchmark themselves against the highest industry standards. For other Speakers in TiE Stay tuned to MBAUniverse.com for more highlights from the TiE Summit