Hemanth Setty
Computer Science graduate from University of Mysore, India, with MBA from University of Chicago. Currently working as Manager at OpenCrowd, New York.
| Headline: | Startup Member |
| Website: | http://www.opencrowd.com |
| Skills: | Business, Engineering, English, Entrepreneurship, Investment, Languages, Languages and Platforms, Leadership, Management, Recruitment, Sales, Software Engineering, Web Development |
| Location: | New York, NY |
| Interested in: | Brainstorming, Finding business partners, Finding cofounders, Finding team mates, Getting press, Meeting new people, Professional opportunities, Promoting my startups, Recruiting for my startup, Starting a company |
| Schools: | University of Chicago |
WORK EXPERIENCE
| Employer: | OpenCrowd, New York, NY |
| Position: | Manager |
| Time period: | December 2007 - Present |
| Description: | • Oversee strategic partnership with VC backed startup firm, PatentFreedom. Within a year, PatentFreedom was successfully conceptualized from an idea to a roster of multiple Fortune 500 accounts.
• Advice PatentFreedom’s executive team on new products and services, operational and research activities, product development and member driven enhancements. • Manage responsibility for various OpenCrowd engagements. Role includes sales collateral development, recruiting, vendor management, cutting-edge product evaluation, product/service recommendation, project planning and resource management. |
| Employer: | Hypatia Capital, New York, NY |
| Position: | Consultant Associate |
| Time period: | August 2007 - November 2007 |
| Description: | • Performed market analysis, competitive analysis, valuation and due diligence for the purchase of a consumer goods firm in Argentina.
• Developed a marketing presentation for the Managing Director to promote the firm for new deals and partnership opportunities. • Researched potential Limited Partnership opportunities in the Middle East using the Zawya database. |
| Employer: | Transoceanic Group Inc, Chicago, IL |
| Position: | Partner |
| Time period: | July 2006 - August 2007 |
| Description: | • Spearheaded the creation of a mobile payment firm - PayNode.com. Advanced Excel modeling with VBA used for equity valuation for investors. Developed business plan and created prototype of the product based on research and market economics.
• Expanded and setup a new technology operation center in Vietnam and China. Senior Management responsibility in finance, technology, HR for a $2.5 million company. Supervised 23 personnel. Generated 100% revenue increase in 2nd year of operation. |
| Employer: | Comcast, Philadelphia, PA |
| Position: | Summer Associate – Finance & Strategy Analyst |
| Time period: | May 2006 - July 2006 |
| Description: | • Worked with executive management to create a ~$400M 2007 budget for the reorganized National Technology and Operations (NETO) division. Modeled a 3-year budget forecast with Advanced Excel and VBA. Created analysis and metric reports by consolidating multiple departments’ budget books. Devised a capital budget requisition and tracking process for implementation within NETO.
• Worked with executive and project management offices to streamline the project management, financial planning and budget management process. Devised a $1.5M process management plan for achieving operational efficiencies between the divisions. |
| Employer: | Various organizations, Chicago, IL |
| Position: | Sr. Consultant |
| Time period: | May 2006 - July 2006 |
| Description: | UBS - Devised a financial reporting platform and enhanced the client data feed process for the collateral risk management group.
• Developed a centralized reporting platform to deliver client transaction reports (MTM, Margin Calls, Options and Futures Summary etc) via email or faxes to worldwide clients. Coordinated efforts with teams in Chicago and London. Reduced reporting costs by 50%. Bank of America - Transitioned the client equity research portal product to a next generation technology. • Managed the team of four implementation consultants. Devised a development processes and acted as the liaison between the client and consultant team. Coordinated development efforts and improved portal performance by 50%. Delivered 20 days earlier than planned. Deloitte Touché Tohmatsu • Devised the next generation knowledge and content management platform for Deloitte organizations worldwide. • Established and managed a competency center program to coach and transition engineering resources to the new platform. Successfully transitioned the 30-member team in Chicago and India. • Devised a change management processes between India and Chicago teams. Increased productivity by 160% from prior process. |
| Employer: | Objectsoft / Buildview / Blue Cross Blue Shield (BCBS), Chicago, IL |
| Position: | Sr. Software Specialist |
| Time period: | February 1999 - April 2004 |
| Description: | • Part of the new venture team involved in the full development of a core product for the housing market. Modeled visual preconstructed home plans; provided support to builders and home buyers; handled builder onsite setup and installation.
• Worked with the CEO and CIO on funding alternatives and developed strategic plan for product development. • Developed a mobile group-ware solution (notwired.com) - for small and medium businesses. Solution competed for market acceptance with Salesforce.com at the time. • Devised a long-term strategic plan for BCBS’s next generation technology platform as part of a four person evangelistic team. • Managed a four-person implementation team in Texas to implement a security extension for BCBS’s subsidiary - Ford Dearborn Life. Implementation maintained conformity with HIPAA and internal security policy. • Pioneered the next generation of web-service initiatives to integrate multiple disparate and legacy systems. Recommended plan bootstrapped a 3-year implementation plan at the entire organization level. |
EDUCATION
| University: | University of Chicago |
| Time period: | 2007 |
| Degree: | Concentrations in Finance, Strategic Management & Entrepreneurship, MBA |
Hemanth is Following (14)
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Mpayy, Inc. - The Mobile Payment Company
Secure payment processor offering the best value to Buyers & Sellers alike.
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PurpleTalk, Inc.
PurpleTalk Inc. is a unique digital property developer focusing on a wide range of domains such as real-time web, social media and predominantly, the mobile application development space.
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antz@work
This is the iPhone of groupware tools with sharing of tasks, files, documents und ideas. A task is assigned as fast as shouting it over the corridor and a project is set up as easy as creating a new folder on your desktop.
Hemanth's Contacts (1)
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Max Ng
co-founded snapmaze.com