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11 Indo-Americans on Forbes list of venture investors

The 2014 list has been topped by Jim Goetz, partner at firm Sequoia Capital who was the only institutional backer in messaging service WhatsApp

Press Trust Of India New York
Last Updated : Mar 27 2014 | 11:54 PM IST
Eleven Indian-Americans feature on Forbes magazine's annual list of 100 best venture investors with the 'Midas' touch, who made savvy investments in start-ups and then sold off their stakes to pocket $95 billion in profits.

The 2014 list has been topped by Jim Goetz, partner at firm Sequoia Capital who was the only institutional backer in messaging service WhatsApp. Among the Indian-Americans, Aneel Bhusri, co-chief executive officer, Workday, a cloud-based financials and human resources software firm, topped the list.

Stanford business school graduate Bhusri is ranked 17th and has a net worth of $1.3 billion. "Perennial Midas Lister" Bhusri, 48, notched big returns in 2007 when storage software outfit PolyServe was sold to Hewlett-Packard for $200 million, and OutlookSoft was acquired by SAP.

On the 22nd spot is Wharton School graduate Deven Parekh, managing director of Insight Venture Partners. The 44-year-old debuts high on the list, thanks to an early 2009 investment in Twitter and investments in microblogging platform Tumblr and personalised magazine Flipboard.

Parekh also helped steer Tumblr to its sale to Yahoo last year and manages investments in e-commerce, consumer internet data, and application software businesses. In 2012, Parekh led a $165-million equity investment in Drilling Info, an Austin-based data intelligence provider for the oil and gas sector.

The other Indian-Americans are Promod Haque (27), Navin Chaddha (30), Neeraj Agrawal (37), Sameer Gandhi (41), Asheem Chandna (55), Venky Ganesan (57), Vinod Khosla (63), Salil Deshpande (67) and Gaurav Garg (86).

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First Published: Mar 27 2014 | 11:39 PM IST

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