Vivek Ranadivé

Vivek Yeshwant Ranadivé
Native name Marathi: विवेक यशवंत रणदिवे
Born (1957-10-07) 7 October 1957
Bombay, India
Occupation Founder of TIBCO Software
Owner and chairman of the Sacramento Kings
Children 3
Parent(s) Yeshwant Ranadivé
Website Corporate profile

Vivek Yeshwant Ranadivé (/viˈvɛk rɑːnəˈdiːveɪ/; born 7 October 1957) is an Indian-American businessman, engineer, author, speaker and philanthropist.[1] Ranadivé is the founder and former CEO of TIBCO, a billion dollar real-time computing company, and of Teknekron Software Systems.[2][3] Ranadivé is a co-owner and chairman of the National Basketball Association's Sacramento Kings.[4]

Early life and career

Ranadivé grew up in the Juhu area of Bombay, India, and was the youngest of three children. He was born in a Maharashtrian Brahmin Family.[5][6] At 16, Ranadivé was accepted to MIT, but in the 1970s the Indian government did not release foreign currency for citizens to study abroad.[7] Ranadivé talked his way into the office of the Reserve Bank of India and got the required foreign exchange for one quarter of the tuition.[7]

After earning bachelor's and master's degrees from MIT, he obtained an MBA from Harvard University in 1983.[8][9] While at MIT, Ranadivé started his first company, a UNIX consulting company.[7] He also held management and engineering positions with Ford Motor Company, M/A-Com Linkabit and Fortune Systems.[10]

Teknekron Software Systems

Teknekron Corp., a technology incubator, provided $250,000 in seed capital to Ranadivé in 1985 to found Teknekron Software Systems.[11]

TIBCO

In 1997, Ranadivé founded TIBCO Software Inc. with funding from Cisco and Reuters.[12]

Bow Capital

In 2016, Ranadivé founded Bow Capital,[13] an early-stage startup investment firm in partnership with the University of California Regents.[14]

NBA

Golden State Warriors

In 2010, Ranadivé became the co-owner and vice chairman of the Golden State Warriors (Bandwagon), making him the first person of Indian descent to own an NBA franchise.[15]

Sacramento Kings

On 21 March 2013, it was announced that Ranadivé had joined Ron Burkle and Mark Mastrov to attempt to purchase the Sacramento Kings. In order for Ranadivé to purchase the Kings, he had to sell his share of the Golden State Warriors.[16] On 16 May 2013, it was announced that the group reached an agreement with the Maloof family to purchase 65% of the Kings for approximately $348 million.[17] The NBA approved the sale on 28 May.[18]

Works

Published Works
Work Year Author(s)
The Power of Now.[19][20] 1999 Vivek Ranadivé
The Power to Predict.[21] 2006 Vivek Ranadivé
The Two-Second Advantage: How We Succeed by Anticipating the Future–Just Enough 2011 Vivek Ranadivé
How to Ruin a NBA Franchise (Kings Edition) 2013 Vivek Ranadivé

Personal life

Ranadivé has three children: Aneel, Andre, and Anjali.[2] In 2017, Andre made the decision to enlist in the military, and is now stationed at Fort Bragg, North Carolina as a ground pounder

References

  1. ↑ D'Agostino, Ryan. The Man Who Knows Everything. Esquire. 19 January 2012.
  2. 1 2 Gladwell, Malcolm. How David Beats Goliath. The New Yorker. 11 May 2009.
  3. ↑ World Economic Forum Davos 2012: Vivek Ranadivé launches social networking site TopCom for leaders to interact. Economic Times. 26 January 2012.
  4. ↑ Vivek Ranadive, CEO of TIBCO Software. San Jose Mercury News. 19 September 2011.
  5. ↑ The Most Influential Global Indians. GQ.
  6. ↑ Naik, Shivani. Indian is co-owner of US's top NBA side. Indian Express. 7 April 2011.
  7. 1 2 3 Master of his own destiny. Express Computer.
  8. ↑ Corcoran, Elizabeth. The Big Deal: Tibco. Forbes. 16 June 2009.
  9. ↑ Profile: Vivek Ranadivé. Harvard Business School Bulletin.
  10. ↑ Vivek Ranadivé. San Francisco Business Times. 9 September 2007.
  11. ↑ Levermore-Rich, Adam. Tapping into the need for speed TIBCO's software quietly powers the Internet. Palo Alto Weekly. 27 June 2001.
  12. ↑ TIBCO: Through the Years. TIBCO.
  13. ↑ "Bow Capital". Bow Capital. Retrieved 2018-06-10.
  14. ↑ "UC Investments will anchor fund led by Vivek Ranadivé to invest in UC innovation". University of California. 2015-12-15. Retrieved 2018-06-10.
  15. ↑ Vivek Ranadivé is the First Desi NBA Team Owner. Desi Hits.
  16. ↑ Bizjak, Tony (21 March 2013). "Third big investor emerges in bid for Sacramento Kings". The Sacramento Bee. Archived from the original on 11 April 2013. Retrieved 3 October 2016.
  17. ↑ Windhorst, Brian (17 May 2016). "Maloofs, Sacramento group agree". ESPN. Retrieved 3 October 2016.
  18. ↑ "NBA approves Kings sale to Sacramento group". NBA. AP. 28 May 2013. Retrieved 3 October 2016.
  19. ↑ Purewal, Sukhjit. 'Why hire people who agree with you?'. Rediff. 25 June 2001.
  20. ↑ About the Author. The Power of Now.
  21. ↑ Predictive Business. Chief Executive Officer. 2 August 2006.
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