"We create companies that didn't exist before, and we create jobs that didn't exist before, " says Jonathan Silver, managing director of Core Capital Partners, a Washington, D.

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His core holding, WorldTravel Partners, is poised to surpass Carlson Wagonlit as the second-biggest travel group in the U.S. after American Express.

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But now that Chadha and his core team of three partners have split from Sequoia Capital India to focus on investing in public companies, the break-up spells a new era not only for the Goldman Sachs-trained investor but also for venture capital in the subcontinent market.

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