Krishna 'Kittu' Kolluri, President and CEO Neoteris, another distinguished speaker at TiECon 2003 said: "The market crash and current downturn, to me, is like the erupting of a volcano; it burns everything, but prepares the soil for much sturdier growth."

"I am very optimistic about the type of companies getting funding and I think this is the right time to build high quality companies," he said. "Tons of money is available and though it's harder to go get someone to write a cheque, it is still getting done."

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