Aniruddha Nazre Venture Advisor, US on Wellington Partners Advisory Team

Aniruddha  Nazre on Wellington Partners

Aniruddha Nazre Venture Advisor, US

About Aniruddha
Aniruddha Nazre joined Wellington Partners as a venture advisor in 2012. Aniruddha has been working as EVP and CSO at Reliance Industries Ltd.
At Reliance, Aniruddha Nazre has been responsible for launching “Jio”, a Telecom and Digital Media Services venture that can potentially connect 500M Indians to the internet by the end of 2016. Before joining Reliance Aniruddha Nazre was a Senior Partner at Kleiner, Perkins, Caufield & Byers (KPCB) from 2003 to 2011.

Aniruddha Nazre focused on investments in enterprise software, new materials, and cleantech. Aniruddha Nazre made 19 investments with 11 exits. He led KPCB’s India investment initiative and also made 4 investments in Europe. Some of Aniruddha Nazre's successful exits at KPCB included LuxVue (acquired by Apple), 3DV (acquired by MSFT), Virsa (acquired by SAP), Vertica (acquired by HP) and InfoEdge (IPO in 2006). Prior to KPCB, he worked at SAP from 1998 to 2003.

Aniruddha Nazre joined as a Technical Assistant to Dr. Hasso Plattner, CEO, Chairman, and Co-Founder of SAP. He played a key role in formulating and executing SAP’s mySAP.com initiative. Aniruddha Nazre co-founded SAPMarkets, SAP’s e-commerce software company and as Managing Director at SAPMarkets Americas, he grew the business to $100 million in six quarters. After SAPMarkets was acquired by SAP in 2002, Aniruddha Nazre laid the foundation for SAP Inspire and served as the Senior Vice President. Prior to SAP, he worked for six years in the medical device industry.

From 1991 till 1995, Aniruddha Nazre worked at Zimmer, Inc. as a Development Engineer and oversaw the introduction of three new product lines in two years. At Mathys AG (Synthes) in Switzerland, Aniruddha was a Group Manager for Business Development and Product Management from 1995 to 1997.

He holds seven United States and four European patents and has published and presented over 15 articles in peer-reviewed journals and conferences. Aniruddha Nazre holds a Ph.D. in Biomechanics from the Technical University of Hanover, Germany, an M.S. in Mechanical Engineering from Michigan Tech, an M.B.A. from the Harvard Business School, and an undergraduate degree in Mechanical Engineering from the College of Engineering Pune, India.

Aniruddha Nazre - Intermediaries to enhance trust in the Sharing Economy

Is there a role for Intermediaries to enhance trust in the Sharing Economy? - Dr.Aniruddha  Nazre

Trust is the social lubricant that enables collaborative consumption marketplaces and the sharing economy to function without friction. Sharing saves people time, money and aggravation but trust is what allows someone to take a ride from a stranger or rent a room in a house from someone they’ve never met. Yet it’s also one of the biggest concerns of using sharing economy services.

According to a PWC survey conducted in December 2014, only 19% of the US adult population has engaged in a sharing economy transaction. Of the 1000+ surveyed, 72% want to participate in the sharing economy in the next 24 months. However, 69% say that they will not trust sharing economy companies. According to Pew Research, only 19% of Millennials believe most people can be trusted, compared to 31% of GenX’ers.Data from the General Social Survey, the National Opinion Research Center’s poll of American attitudes, found that only 32 percent of respondents agreed that people could generally be trusted, down from 46 percent in 1972. An October 2013 AP-GfK poll of more than 1,200 Americans found that just 41 percent of respondents express “a great deal” or “quite a bit” of trust in the people they hire to work in their home, only 30 percent trust the cashiers who swipe their credit or debit card, and a mere 19 percent trust “people you meet when you are traveling away from home.”

To increase adoption and engender trust, sharing economy companies have developed a sophisticated series of mechanisms, algorithms, and finely calibrated systems of rewards and punishments such as reputation systems, social graph integration, and behavior analysis. It is the next step in the evolution of the ­person-to-person marketplace pioneered by eBay: a set of digi­tal tools that enable and encourage us to trust our fellow human beings. The online setting presents an entirely new context in which trust must be negotiated without many of the normal antecedents and indicators. With its many variables and unknowns, the Internet can be seen as a setting in which the conventional rules and knowledge of everyday experience do not apply, and as such is perceived as a place of high risk. Users face privacy risks in that personal information can end up in the hands of the wrong people, and financial risks through transacting with unreliable parties. So the real question is whether the sharing economy companies are doing enough to establish trust? According to several experts in the field, they are not. The reputation systems and social graph integrations are necessary but not sufficient to establish trust.

Traditional brick and mortar commerce have a long history of face-to-face contact, and for many years, it has been conducted predominantly among parties that knew each other or were in close physical proximity. More recently, however, transactions have increasingly taken place between parties hundreds of miles away, without the possibility for personal contact between transacting parties. Third-party neutral intermediaries that provide information about transacting parties in the marketplace have made a huge impact in establishing trust and increasing liquidity and volume. A great example is the financial services industry where third party agencies such as the credit rating agencies (e.g., Experian and Equifax) have widely expanded the use of consumer credit. If left to lending banks they would only lend to customers with big deposits with whom the banks have a personal relationship.

A similar role for third party information intermediaries is missing in the online sharing economy. Sharing economy companies need third parties to provide checks for identity, creditworthiness, driving records, criminal records, education, employment, legal status, etc. depending on the context of the transaction the parties engage in.Companies such as Onfido (www.onfido.com) have a first mover advantage in enhancing trust through their online background checking services. Onfido provides authenticated checks for identity, driving records, criminal records, education, employment and credit to both sharing economy companies and traditional brick and mortar industries. By relying on services such as Onfido’s sharing economy companies can enhance trust and increase adoption.

                                                                                                              -Dr.Aniruddha Nazre

5 Tech Trends By Aniruddha Nazre

Are these 5 tech trends in programming going to help or hurt the Indian IT Services industry?

1. Key aspects of software development, e.g. manage, develop, build, test and deploy are undergoing a massive transformation and making development cheaper, faster, and more secure.
   • Cloud-based integrated development environment companies are providing developers with an advantage of writing code in an easier, faster and simpler fashion.
   • The amount of new code written is reduced by more design-driven development, auto code completion, code repositories, code plugins, widgets,  and continuous agile development.
   • Automated test tools and services in the cloud are making it ever easier to test code before deployment.
   • Cloud security and identity services have made it easier for enterprise applications to work on public, private or hybrid cloud environments.
2. A new class of Reactive Applications is becoming more and more prevalent in both Consumer and Enterprise-facing environments. Reactive Applications are distinguished by having one or more of the following defining traits:
   • Resilient: The ability to recover and repair itself automatically in order to provide seamless business continuity.
   • Interactive: Rich, engaging, single-page user interfaces that provide instant feedback based on user interactions and other stimuli.
   • Scalable: Can scale within and across nodes elastically to provide compute power on-demand when it’s needed.
   • Event-Driven: Enables parallel, asynchronous processing of messages or events with ease.
3. The integration of applications to external data sources and other applications is becoming ever easier because of open APIs.
4. The rapid increase in mobile development has impacted the prevalent programming languages. The user base of objective C and Python have grown whereas that for Java and C++ has eroded.
5. Consumerization of programming with services such as IFTT is reducing the need for specialized skill set. Pre-developed toolkits will enable anyone to be a developer.

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Various Patents Of Aniruddha Nazre

List of Aniruddha Nazre Patents

1. Suture Anchor
United States EP0686373
Issued December1995
2. Bioabsorbable suture anchor: Orthopaedic Implant with bearing surface
United States EP0761242
Issue d August 19, 1996
3. Adjustable connector for external fixation rods
United States US5405347
Issue d April 1995
4.Surgical parallel drill guide
United States D354810
IssuedJanuary 1995
5.Adjustable connector for external fixation
United States EP0611007
Issued August 1994
6.Adjustable connector for external fixation
United States EP0717968
Issued June 1996
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Aniruddha Nazre's Statement on 3DV Systems

 3DV Systems

3DV Systems' breakthrough video imaging technology enables cameras to capture objects in 3D, making virtual reality more real than ever. The company's innovative man-machine interface enables users to control personal space through intuitive body gestures.

Aniruddha Nazre told, "We are in constant search of visionaries who create disruptive technologies to address large unserved market opportunities. 3DV is such an opportunity that we have been excited to invest in – their breakthrough technology can be applied to a broad range of fields, from human-computer interfaces to security to automob".

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Adjustable Connector For External Fixation Rods - Patent By Aniruddha Nazre

The adjustable connector for external fixation rods invention provides for the angular and lateral adjustment of a pair of fixator rods in an infinite number of planes. This invention is patented by  Aniruddha Nazre. The angular adjustment member may be rotated about a center axis of the connector such that the connected fixator rods may be angled relative to one another in any plane called for. Similarly, the lateral adjustment may be rotated about the center axis of the connector such that the two fixator rods may be shifted laterally relative to one another in any direction. 

The adjustable connector provides for the adjustment of the fixator rods after the rods have been connected to the bone pins. Therefore, after a surgeon has reduced and stabilized the fracture, minor adjustments can be carried out to fully align the bone fragments without disconnecting the fixator rods or the bone pins. After all, adjustments have been made, a series of locking bolts or pins can be engaged to hold the adjustable connector in a fixed position.


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Various Publications Of Aniruddha Nazre

Following are the publications of Aniruddha Nazre -

Clinical and Laboratory Performance of Bone Plates, Issue 1217, Edited by J. Paul Harvey, Robert F. Games

Nazre, A and Lin, S STP1217: Theoretical Strength Comparison of Bioabsorbable (PLLA) Plates and Conventional Stainless Steel and Titanium Plates Used in Internal Fracture Fixation.

Pages: Published: Jan 1994

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A computerized technique for analyzing lateral bending behavior of subjects with the normal and impaired lumbar spine.A pilot study.

Jayaraman G, Nazre, A, McCann V, Redford, JB

Spine (Phila PA 1976), 1994 April 1:19(7), Pages 824-32

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Joint moments in minor limb length discrepancy: a pilot study.

Goel A, Loudon J, Nazare A, Rondinelli R, Hassanein K. American Journal of Orthopedics (Belle Mead NJ), 1997 Dec: 26(12), Pages 852-6

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Thin-film thermoplastic-metal joining process for titanium to poly(etherketoneetherketoneketone)

Karthik Ramani, John Tagle, Aniruddha Nazre, Dale Swarts and Steve Lin Polymer Engineering & Science, Volume 35, Issue 24, pages 1972-78, December 1995

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