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Entrepreneurship in the Post Dot Com ERA
Abstract
About 3-4 years ago, there was a tremendous amount of excitement created by the new economy and funding was more easily available for start-ups and entrepreneurs. We saw many dot com businesses sprouting in Singapore and in the region. The hype was so well propagated that many people and companies pumped in vast amounts of money to take a stake in such companies at very high valuations. Then the euphoria ended in April 2000, when the whole world came crashing on the dot com economy. The crash happened so rapidly and affected almost all countries at almost the same time. The rest is history and even until today, we are seeing companies folding up all over the world. Many had burned millions of dollars before finally throwing in the towel. There are examples of companies in USA that burned a couple of million of dollars before closing shop. This talk deals with what happened? Have we seen the end of the Internet economy? Was the new economy so short lived that the 'old' economy businesses are the only ones that are still viable? Can we still breed and see successful entrepreneurship in the post dot com era? Important lesson learnt.
About the Speaker
Mr. Inderjit Singh is the Executive Chairman of Tri Star Electronics Pte Ltd, a large electronics company he founded in 1997. He was previously the Chief Executive Officer and President of United Test and Assembly Center Ltd. (UTAC), a large Singapore based semiconductor manufacturing and engineering services and full turnkey solutions provider. Inderjit is the founder of UTAC and built it up to become one of the worlds most efficient semiconductor assembly and test service having a estimated market capitalization of US$1B in July 2000. Having built the company for the last three years to a stable and fundamentally strong company from the founding in March 1998 till February 2001, he decided to focus on the 12 other technology companies he founded in the last 3 years Inderjit has 16 years experience in the high technology semiconductor and information technology industries. He worked for Texas Instruments (TI) for 13 years and was the Director of Assembly and Test operations for TI Singapore's Memory Operations with worldwide operations, marketing, engineering and research and development responsibility before he left to start up UTAC. Inderjit is a Member of Parliament of the Singapore Government and deputy chairman of the Government Parliamentary Committee for Finance and Trade & Industry. Inderjit is knowledgeable of the business environment in Singapore and the Asia Pacific region, especially in high technology and information technology. He is an active promoter of technopreneurship in Singapore and the region. He sits on the government initiated Technopreneurship 21 private sector committee as well the Pro-enterprise panel, both committees actively involved in transforming Singapore into a vibrant country to encourage enterprise and technopreneurship. Inderjit also holds a Masters in Business Administration degree (UK) and has lectured Operations Management at University of Strathclyde's MBA programs
We are pleased to invite you and your colleagues to attend the talk. As there are limited number of seats available, please register for the talk via email to
Shannen (cmtsoosk@nus.edu.sg)
with your name, designation and company/institution
(and email add if via fax),
by 5th October 2001. Please forward this invitation to your friends and colleagues who may be interested. Admission is free
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