Personally, I came forward to help with the Conclave because of a couple of reasons. 1. To understand what Product Management was about in the real world, and 2. to setup the first ever physical meeting for PMs from the LinkedIn groups. For me, both of these were sufficiently achieved from the Conclave. What we're discussing now is a more concentrated effort to maintain and sustain a body.
I welcome the fact that someone from the industry is doing this. For one thing, it gives interested people who are not from IIMB a chance to participate and define the agenda of further meets. Second, in that website, the guy talks about monthly speaker series, and association chapters across India, among other things. Third, they might find it easier to raise funds. Maybe it's a pipe dream, but when you compare the effort that is involved, it is overwhelming for most students. Supposing most members in this group are willing to go ahead and form a body, who'll sustain it tomorrow? Unfortunately, cases like the NASSCOM conclave comes to mind.
Our objective was to bring such people together, we've done that. If there is momentum from the participants to take the IPMA forward, I say we let them do it. I know a lot of people are definitely thinking I'm crazy now. Worst comes to worst, it might not do well for whatever reason, and we can still hold a Conclave annually.
If we take the higher road, and allow them to go ahead (with support if anyone wants to), next year if we are again doing a PM Conclave, we might also have good relations with them to further increase participation for the event with more people coming forward to speak at the event. I'm sure we've shown them that we're eager to help get Product Managers to meet up, and interested members in this group can help out if they want. Ultimately, I'm sure that if they see our interest in making such events successful, they might give an opportunity for such students to help be a part of the steering committees after a while.
A larger pipe dream, I dont know. Naive, maybe ... :)