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May 01, 2005

TiE connections fetch Clearstone $100-M

From a Red Herring article:
Clearstone (Venture Partners) has tapped into the Indian entrepreneur community via venture partner Vish Mishra and TiE, a worldwide entrepreneurship network with a mostly Indian membership. Managing director Jim Armstrong estimated that half of the firm’s deals come through some TiE-related connection.

Given that Clearstone's latest fund size is $200 million, the firm fetched almost $100 million via the TiE network. Wow! That's surely adequate incentive for anyone in the venture community to attend the 2005 edition of TiEcon, the annual conference organized by TiE's Silicon Valley chapter (May 13-14, Santa Clara Convention Center & Westin Hotel, CA).

Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.