|
Navin Chaddha is an Indian-American investor, serial entrepreneur and executive, who is managing partner of Silicon Valley venture capital firm Mayfield. He founded several companies including VXtreme, Rovio, and iBeam Broadcasting. Education and early life Chaddha was born in India to an affluent family. He received an undergraduate degree in Electrical Engineering from Indian Institute of Technology Delhi, and came to the US in 1992 on a fellowship to earn a Masters in Electrical Engineering from Stanford University. He credited a fascination with Thomas Edison for his interest in science. He sold the company to Microsoft in 1997, when he was 26, for a reported $75 million. He served with Microsoft in various management roles after the acquisition, including Chief Architect and Director, Commercial Network Solutions, Microsoft's Network Solutions Group, and Director, Broadband and Infrastructure, Streaming Media Division. iBeam Broadcasting While still at Microsoft, Chaddha co-founded iBeam Broadcasting (sometimes stylized as iBEAM) a provider of an Internet broadcast network for streaming media. Because of Chaddha's employment agreement with Microsoft, he could only participate with iBeam as a technical advisor. Rivio In 1999, Chaddha left Microsoft and founded Rivio (originally called Biztro), a developer of a web platform allowing small businesses to manage their payroll, HR, procurement, expense reporting and other administrative tasks from a single web portal. In February 2002, the company had 25,000 customers, and was acquired by CPA2Biz, a subsidiary of the American Institute of Certified Public Accountants (AICPA). Chaddha became CPA2Biz's President. CPA2Biz would later change its name to CPA.com. Investment career In 2003, Chaddha started his career in venture capital by joining Mobius Venture Capital as an Entrepreneur in Residence (EIR), eventually becoming a venture partner. In 2004, he joined Gabriel Venture partners as a general partner, and in September 2006 joined venture capital company Mayfield as managing director. In 2007, Chaddha appeared on Forbes magazine's Midas List of top investors for the first time. Mayfield Chaddha has been managing director for Mayfield since September 2006. During that time, Chaddha has expanded the company's investments in early stage companies in India, in the areas of banking, retail and consumer goods. Honors and recognition In 2001, Chaddha was named one of 25 Rising Stars. In 2007, Chaddha appeared on Forbes' Midas List for the first time. By 2019, when Chaddha appeared on the Midas List for the 11th time, he had invested in 28 companies that had been acquired or had gone public. In 2022, Chaddha was named to the Midas List as the number 5 venture capitalist of the year. Personal life Chaddha is married to Pooja Chaddha, who he met in 1997 on a trip to India.<ref namewsj2/> They reside in Saratoga, California.<ref nameindiatimes1/>
|
|
|