STONEHAM, MA—Philanthropist Deshpande, has founded, funded and supported many technology companies across the globe. In an exclusive video interview with INDIA New England News, he talks about “philosophy of entrepreneurship.” To watch the video, click here.
“When you become an entrepreneur, you are always playing on the edge,” Deshpande told INE producer Upendra Mishra. Deshpande advises that a philosophical framework is needed for all entrepreneurs and that they should dream but should not get lost in their dreams. “People who are lost in dreams are delusional,” he adds.
In the interview Deshpande also talks about his roots and his parents’ involvement with the philosophy of Swami Chinmayananda.
Deshpande, a trustee of the Massachusetts Institute of Technology (MIT), also serves as Chairman of the Akshaya Patra Foundation USA, whose dual mission is to address childhood hunger and malnutrition and to promote education for underserved children in India. Akshaya Patra now feeds over 1.4 million children every day.
Well known as the co-founder of tech giant Sycamore Networks, Deshpande also founded Cascade Communications Corp. and is a founding investor in other companies such as Airvana, Cimaron, Webdialogs and Relicore. He is chairman at Tejas Networks and HiveFire, as well as president and chairman of Sparta Group LLC. He serves as a life-member of the MIT Corporation, and his support has made possible MIT’s Deshpande Center for Technological Innovation. He and his wife Jaishree have established the Deshpande Foundation though which they support numerous charitable causes.