It’s mostly pension funds. One of the real big problems here in Europe is we do not have a lot of spin offs. And index trackers, if you look at who are the actual shareholders of big companies, they are all big pension funds, and they don’t really care. APETI - Asociación Profesional Española de Traductores e Intérpretes - Founded in 1954, APETI stands for the Spanish Professional Association of Translators and Interpreters; it is a professional body of translators and interpreters in Spain and it’s one of the first of its kind. We have some very exciting startups that do very exciting things, but we do not have a lot of solid spin offs, where people start their own thing. And those reports got read by the pension funds, and then the pension funds, told all the telecommunications companies look, if you’re still doing stuff yourself, we’re going to stop investing in you.
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TiE originally stood for The Indus Entrepreneurs, reflecting the South Asian background of the people who chartered the group in 1992. Ray Leach is a serial entrepreneur, experienced angel investor, compare professional in technology entrepreneurship, and national thought chief on entrepreneurship and innovation. People who obtain angel funding requests funnel them to TiE Angels, and entrepreneurs who hear about it, they also come to us. It's unfold throughout fifty five chapters in thirteen nations comprising 2,000 skilled entrepreneurs and business executives and thirteen,000 aspiring entrepreneurs and professionals as members.
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