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Corporate News
6 Indian-Americans Figure in
Forbes List of Midas 100
Forbes magazine has included six Indian-Americans in its
list of The Midas 100. The list recognises the efforts of
venture capitalists who helped create wealth and fund
new ideas that kept the US economy vibrant during
recession. Aneel Bhusri, Rob Chandra, Sunil Dhaliwal,
Neeraj Agarwal, Vinod Khosla and Sameer Gandhi are
the six people who have been listed.
Rob Chandra was ranked
at number 26 and is based
in California. He has been
three consecutive times
Midas member. Seven
companies under
Chandra's supervision
have gone public in the
past three years of which
San Francisco based
Aneel Bhusri has worked
as Vice Chairman of
People Soft and
subsequently joined
Greylock in 1999. He was
ranked at number 15. In
2007, Bhusri got big
returns when Hewlette-
Packard acquired
PolyServe for US$ 200
million and SAP acquired
OutlookSoft, a software
vendor firm.
some are from India. He
helped with the launch of
Bessemer's operations in
India.
Sunil Dhaliwal of Battery
Ventures is based in Boston,
Massachusetts and is
ranked at 49. He led his
company to invest in
CipherTrust and Netezza.
CipherTrust was acquired
by Secure Computing for US$ 271 million while Netezza
was bought over by IBM for US$ 2.9 billion in 2010.
Neeraj Agrawal, also from
Battery Ventures is ranked at
51. He led his company to
invest in an Internet media
company named
InternetBrands, which was
bought by Hellman &
Friedman for US$ 640
million in December 2010. In
another move, Agrawal
directed investment in a
software company named
RealPage that went public
recently.
Vinod Khosla who is an
engineer, is ranked at 71 in
the list. Khosla raised US$
1.1 billion in the peak of the
recession crisis of 2009,
which is the maximum
amount raised by any
venture capital firm in three
years. He invested his
capital in science
experimental projects
which included biofuel
from wood, new types of batteries, engines and lights to
water purification, greener glass and clean cement.
Ranked 81, Sameer
Gandhi moved from
Sequoia in 2008 to join
Accel Partners Accel. There
he invested in Gracenote,
a media and tech firm,
which was sold to Sony for
US$ 260 million in the
same year.
INDO-US BUSINESS May-June 2011 36