From Startup to US IPO in 5 Years: Kanwal Rekhi’s Historic IPO of Excelan
Kanwal Rekhi first came to the US in the 1960s. He took his company public on Nasdaq in 1987.
As a young Indian in the US, he was laid off from his first three jobs. That experience pushed him towards entrepreneurship. At the time, Indians were known and hired for technical and mathematical skills, not as founders building companies on US soil.
But Kanwal and his co-founders decided to bet on themselves. They faced rejection from nearly 50 investors before one VC agreed to invest $2 million for 50% of the company. In just five years, the company went public.
From being appointed CEO overnight…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.