Bay Partners Promotes Eric Chin and Neil Sadaranganey to Partner.CUPERTINO, Calif. -- Bay Partners has promoted Eric Chin and Neil Sadaranganey to the position of Partner. Eric and Neil are responsible for Bay's investments in Wallop and Riya. Both joined the firm in 2005 and previously served as Venture Partner and Entrepreneur-in-Residence, respectively. These appointments indicate Eric's and Neil's contributions to Bay Partners and highlight the firm's continued momentum in strengthening its investment team; the firm last week announced the hire of a new investment professional. Eric Chin focuses on the Internet and software industries. He currently serves on the board of directors of Wallop (a recent Microsoft spinout spin·out n. An instance of spinning out: a motorist who was injured in a spinout. ). His startup experience includes co-founding the Internet server software company WebSpective (acquired by Inktomi), and co-founding TelASIC Communications (a Raytheon spinout). In addition, he was an investor and early business development employee at Mainspring (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. : MSPR MSPR Morehead State Public Radio (Kentucky) MSPR Mainspring Communications (stock symbol) MSPR Master of Science in Public Relations MSPR Mighty Snortin' Powder Rangers (band) , later acquired by IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ). Eric began his venture capital career in 1993 at Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in . Investments during his career include ProCD (acquired by Acxiom), Mesa (acquired by Microsoft), epylon.com (acquired by Accenture), OpSource and Zyme Solutions. Eric holds a Bachelor of Arts from Dartmouth College and an M.B.A. from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . Neil Sadaranganey focuses on the software as a service (SaaS) and Internet industries, and sourced several Bay investments including Riya. Neil brings over 12 years of product leadership experience in both small and large technology companies. Prior to joining Bay, Neil led the product management team responsible for GoodLink wireless email at startup Good Technology. Previously, Neil was part of the founding team at Afara WebSystems, a server startup acquired by Sun Microsystems in 2002. At Sun, Neil led the team that defined the company's next-generation volume server roadmap, based on Afara's Niagara chip technology, today called UltraSparc T1. Earlier, Neil managed the enterprise software business for internet streaming media leader RealNetworks where he oversaw several successful product launches. Neil began his career as a technical consultant at Accenture and IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. where he managed large systems integration teams. Neil holds a Bachelor of Applied Science A Bachelor of Applied Science is an undergraduate academic degree awarded for a course of study that generally lasts three years in the United Kingdom and Australia, and four to five years in Canada, the Netherlands and the United States. in Systems Design Engineering from the University of Waterloo The University of Waterloo (also referred to as UW, UWaterloo, or Waterloo) is a medium-sized research-intensive public university in the city of Waterloo, Ontario, Canada. The school was founded in 1957. and an M.B.A. from the Stanford Graduate School of Business The Stanford Graduate School of Business (also known as Stanford Business School or Stanford GSB) is one of the professional schools of Stanford University, in Stanford, California. It is one of the leading business schools in the United States. . "Eric and Neil have consistently set the highest bar for themselves and the firm," said Neal Dempsey, Managing General Partner, Bay Partners. "Through their deals and their interaction with entrepreneurs and other investors, they have demonstrated an understanding of the delicate balance required for making investments: that of conducting thorough due diligence and relying on an innate investor's hunch. Their attitude, zeal and excitement make them natural leaders. We expect great things from them and are confident they will continue to contribute to the firm's success." About Bay Partners Bay Partners, a Silicon Valley-based early stage venture capital firm focusing on software, internet, semiconductor and wireless investments, has been building successful technology companies since 1976, funding more than 350 startups. Bay leverages the operating backgrounds of its partners and its extensive network of executives and advisors to help outstanding entrepreneurs create the leaders in new, high-growth market segments. Notable successes from Bay's portfolio include Brocade, Concord Communications, Exodus, Sonicwall, Placeware, Informatica, Web Logic, Digital Island and NetScaler. Bay is currently investing its eleventh venture fund and has over $1 billion under management. Visit www.baypartners.com. Editors note: Photo available. Please email vicki@boldbrook.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion