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	<title>Comments on: India/China better markets today for tech startups &#8211; Ajit Shelat, SVP, Nevis Networks</title>
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	<link>http://punetech.com/indiachina-better-markets-today-for-tech-startups-ajit-shelat-svp-nevis-networks/</link>
	<description>Connecting together Pune&#039;s Technologists</description>
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		<title>By: Ajit Shelat, 1 Sept 2010 &#124; PuneTech</title>
		<link>http://punetech.com/indiachina-better-markets-today-for-tech-startups-ajit-shelat-svp-nevis-networks/#comment-32852</link>
		<dc:creator>Ajit Shelat, 1 Sept 2010 &#124; PuneTech</dc:creator>
		<pubDate>Thu, 02 Sep 2010 09:57:14 +0000</pubDate>
		<guid isPermaLink="false">http://punetech.com/?p=1281#comment-32852</guid>
		<description>[...] and his partners had acquired the assets of the company from the previous investors. PuneTech had interviewed Ajit just before this. He is survived by his wife, Radha Shelat, (VP Engineering, and India MD of [...]</description>
		<content:encoded><![CDATA[<p>[...] and his partners had acquired the assets of the company from the previous investors. PuneTech had interviewed Ajit just before this. He is survived by his wife, Radha Shelat, (VP Engineering, and India MD of [...]</p>
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		<title>By: Observe</title>
		<link>http://punetech.com/indiachina-better-markets-today-for-tech-startups-ajit-shelat-svp-nevis-networks/#comment-7692</link>
		<dc:creator>Observe</dc:creator>
		<pubDate>Sun, 30 Aug 2009 11:04:27 +0000</pubDate>
		<guid isPermaLink="false">http://punetech.com/?p=1281#comment-7692</guid>
		<description>Fair point. 

I&#039;d love to see them selling anything in China. The Chinese are way more innovative and skilled in copying complex architectures. They created networking powerhouses like Huawei. Is there a chance they&#039;d buy anything from Nevis, rather any Indian tech company? 

Indian customers love to meet everyone and evaluate stuff, but hardly buy anything.

Nevis should probably focus on Western markets as well.</description>
		<content:encoded><![CDATA[<p>Fair point. </p>
<p>I&#8217;d love to see them selling anything in China. The Chinese are way more innovative and skilled in copying complex architectures. They created networking powerhouses like Huawei. Is there a chance they&#8217;d buy anything from Nevis, rather any Indian tech company? </p>
<p>Indian customers love to meet everyone and evaluate stuff, but hardly buy anything.</p>
<p>Nevis should probably focus on Western markets as well.</p>
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		<title>By: navin</title>
		<link>http://punetech.com/indiachina-better-markets-today-for-tech-startups-ajit-shelat-svp-nevis-networks/#comment-7631</link>
		<dc:creator>navin</dc:creator>
		<pubDate>Tue, 25 Aug 2009 04:42:01 +0000</pubDate>
		<guid isPermaLink="false">http://punetech.com/?p=1281#comment-7631</guid>
		<description>As far as I understand it, Ajit Shelat and others pretty much bought out the original investors in a fire-sale. Or, more accurately, &lt;a href=&quot;http://blogs.wsj.com/venturecapital/2009/05/28/turning-out-the-lights-nevis-networks/&quot; rel=&quot;nofollow&quot;&gt;the original company has filed for bankruptcy&lt;/a&gt;, but a new, smaller company (&quot;Aviram Networks&quot;, which will continue to use the name &quot;Nevis Networks&quot;) has been created and it &lt;a href=&quot;http://www.nevisnetworks.com/press_release.php?id=62&quot; rel=&quot;nofollow&quot;&gt;has purchased the assets of the original company&lt;/a&gt;, and will focus primarily on the India/China market. The new company continues to claim that it is doing well under the new management and has a &lt;a href=&quot;http://www.nevisnetworks.com/press_release.php?id=67&quot; rel=&quot;nofollow&quot;&gt;&quot;fresh outlook for success&quot;&lt;/a&gt;. However, &lt;a href=&quot;http://www.stillsecureafteralltheseyears.com/ashimmy/2009/08/nevis-networks-gets-a-heart-transplant-but-can-the-patient-survive.html&quot; rel=&quot;nofollow&quot;&gt;I do agree with this article&lt;/a&gt; that it is rather ridiculous for a company that is teetering on the brink of collapse to claim that it is a &quot;market leader&quot; in anything. 

I would guess that the major change occurred much earlier, when the company downsized a majority of its workforce (as we did mention in our article), and the bankruptcy and rebirth is probably really an accounting change to allow the company to change owners, allow uninterested investors to exit, and write off all the debts of the previous company. (I&#039;m guessing that vendors who were owed money by the original Nevis Networks are now out of luck, because the debts would have been written off as a part of this change.) 

In our defense, we would like to point out that
&lt;ul&gt;&lt;li&gt;The &quot;going strong&quot; comment was made by Ajit as part of the interview, not by us
&lt;li&gt;The main thrust of our article remains true, which is: &lt;ul&gt;
&lt;li&gt;That LSI has not in fact taken over the company. &quot;Nevis Networks&quot; continues to exist independently
&lt;li&gt;They think India and China markets are much better markets for their technology; a statement that should be interesting to readers of PuneTech
&lt;/ul&gt;&lt;/li&gt;
&lt;/ul&gt;</description>
		<content:encoded><![CDATA[<p>As far as I understand it, Ajit Shelat and others pretty much bought out the original investors in a fire-sale. Or, more accurately, <a href="http://blogs.wsj.com/venturecapital/2009/05/28/turning-out-the-lights-nevis-networks/" rel="nofollow">the original company has filed for bankruptcy</a>, but a new, smaller company (&#8220;Aviram Networks&#8221;, which will continue to use the name &#8220;Nevis Networks&#8221;) has been created and it <a href="http://www.nevisnetworks.com/press_release.php?id=62" rel="nofollow">has purchased the assets of the original company</a>, and will focus primarily on the India/China market. The new company continues to claim that it is doing well under the new management and has a <a href="http://www.nevisnetworks.com/press_release.php?id=67" rel="nofollow">&#8220;fresh outlook for success&#8221;</a>. However, <a href="http://www.stillsecureafteralltheseyears.com/ashimmy/2009/08/nevis-networks-gets-a-heart-transplant-but-can-the-patient-survive.html" rel="nofollow">I do agree with this article</a> that it is rather ridiculous for a company that is teetering on the brink of collapse to claim that it is a &#8220;market leader&#8221; in anything. </p>
<p>I would guess that the major change occurred much earlier, when the company downsized a majority of its workforce (as we did mention in our article), and the bankruptcy and rebirth is probably really an accounting change to allow the company to change owners, allow uninterested investors to exit, and write off all the debts of the previous company. (I&#8217;m guessing that vendors who were owed money by the original Nevis Networks are now out of luck, because the debts would have been written off as a part of this change.) </p>
<p>In our defense, we would like to point out that</p>
<ul>
<li>The &#8220;going strong&#8221; comment was made by Ajit as part of the interview, not by us
</li>
<li>The main thrust of our article remains true, which is:
<ul>
<li>That LSI has not in fact taken over the company. &#8220;Nevis Networks&#8221; continues to exist independently
</li>
<li>They think India and China markets are much better markets for their technology; a statement that should be interesting to readers of PuneTech
</li>
</ul>
</li>
</ul>
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		<title>By: Observe</title>
		<link>http://punetech.com/indiachina-better-markets-today-for-tech-startups-ajit-shelat-svp-nevis-networks/#comment-7627</link>
		<dc:creator>Observe</dc:creator>
		<pubDate>Mon, 24 Aug 2009 17:34:38 +0000</pubDate>
		<guid isPermaLink="false">http://punetech.com/?p=1281#comment-7627</guid>
		<description>Nevis Networks Inc., Mountain View, Calif. - The company, which made a range of products that protect local-area networks (LANs) from unauthorized users, filed for Chapter 7 bankruptcy. Nevis had 165 employees in its heyday, and more than $32 million in backing from some of the venture industry’s top firms: BlueRun Ventures, New Enterprise Associates and NewPath Ventures.
[from blogs.wsj.com]

So much for Nevis Networks &quot;going strong&quot; per your interview.</description>
		<content:encoded><![CDATA[<p>Nevis Networks Inc., Mountain View, Calif. &#8211; The company, which made a range of products that protect local-area networks (LANs) from unauthorized users, filed for Chapter 7 bankruptcy. Nevis had 165 employees in its heyday, and more than $32 million in backing from some of the venture industry’s top firms: BlueRun Ventures, New Enterprise Associates and NewPath Ventures.<br />
[from blogs.wsj.com]</p>
<p>So much for Nevis Networks &#8220;going strong&#8221; per your interview.</p>
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		<title>By: Rajkumar</title>
		<link>http://punetech.com/indiachina-better-markets-today-for-tech-startups-ajit-shelat-svp-nevis-networks/#comment-6265</link>
		<dc:creator>Rajkumar</dc:creator>
		<pubDate>Fri, 01 May 2009 13:01:31 +0000</pubDate>
		<guid isPermaLink="false">http://punetech.com/?p=1281#comment-6265</guid>
		<description>I too read the article on CXO and it looks totally uninformed
Good to hear that Nevis is able to get market traction in India and China.
It is good to see the product still alive and kicking on which we worked previously.

Ex-Nevis ASIC Engineer
Rajkumar...</description>
		<content:encoded><![CDATA[<p>I too read the article on CXO and it looks totally uninformed<br />
Good to hear that Nevis is able to get market traction in India and China.<br />
It is good to see the product still alive and kicking on which we worked previously.</p>
<p>Ex-Nevis ASIC Engineer<br />
Rajkumar&#8230;</p>
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		<title>By: atul</title>
		<link>http://punetech.com/indiachina-better-markets-today-for-tech-startups-ajit-shelat-svp-nevis-networks/#comment-6244</link>
		<dc:creator>atul</dc:creator>
		<pubDate>Thu, 30 Apr 2009 06:30:03 +0000</pubDate>
		<guid isPermaLink="false">http://punetech.com/?p=1281#comment-6244</guid>
		<description>Cool. Good to hear that Nevis is alive and kicking. I was concerned about the multitude of typos in the press release that announced Nevs&#039; closure, and it made the news item quite suspicious. Perhaps Nevis should ask the publication for an explanation.</description>
		<content:encoded><![CDATA[<p>Cool. Good to hear that Nevis is alive and kicking. I was concerned about the multitude of typos in the press release that announced Nevs&#8217; closure, and it made the news item quite suspicious. Perhaps Nevis should ask the publication for an explanation.</p>
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