dcsimg

Foundation Capital Promotes Ashmeet Sidana to General Partner

MENLO PARK, Calif., Feb. 20 /PRNewswire/ -- Foundation Capital, a venture capital firm committed to early stage company building, today announced that Ashmeet Sidana has been promoted to general partner. Ashmeet brings 15 years of founder and senior operations experience at Silicon Valley's leading firms, most recently with virtualization pioneer VMware (NYSE: VMW), to his role as investor at Foundation Capital. Ashmeet joined the firm as a venture partner in 2005 and has expanded the firm's portfolio of companies offering new break-through technologies in virtualization, storage, infrastructure and mobile.

MENLO PARK, Calif., Feb. 20 /PRNewswire/ — Foundation Capital, a venture capital firm committed to early stage company building, today announced that Ashmeet Sidana has been promoted to general partner. Ashmeet brings 15 years of founder and senior operations experience at Silicon Valley's leading firms, most recently with virtualization pioneer VMware (NYSE: VMW), to his role as investor at Foundation Capital. Ashmeet joined the firm as a venture partner in 2005 and has expanded the firm's portfolio of companies offering new break-through technologies in virtualization, storage, infrastructure and mobile.

"Foundation Capital's focus is on leveraging our deep operations experience and broad networks to help entrepreneurs build innovative and sustainable big businesses. Through Ashmeet's own experience as a founder and his expertise in these specialized technologies and markets, he has created a lot of value for our firm and stayed true to our mission," said Adam Grosser, general partner with Foundation Capital. "As a general partner, we expect Ashmeet to continue expanding Foundation Capital's network of entrepreneurs and helping them create successful companies."

"Ashmeet has a passion for innovation and a solid understanding of what goes into building great companies," noted Mike Schuh, general partner with Foundation Capital. "Ashmeet's significant operating experience makes him an ideal complement to our team and we're pleased to have him."

Before Foundation, Ashmeet was a senior executive with VMware, the global leader in virtualization solutions from the desktop to the datacenter. At VMware, Ashmeet led the company's flagship ESX Server along with other top products. Prior to his tenure at VMware, Ashmeet was founder and CEO of Sidana Systems, an enterprise-software company that pioneered Docsan for publishing ultra-large, terabyte documents. He bootstrapped Sidana Systems from inception to its eventual acquisition by Doclinx. Ashmeet began his professional career at HP and later was with Silicon Graphics, holding various technology roles.

"I enjoy getting to the guts of technology and working closely with entrepreneurs to transform a raw idea into a mature, long-term business," commented Ashmeet. "I look forward to continuing my hands-on work with a new generation of technology entrepreneurs as they work hard to build great companies that will eventually lead in their respective markets."

Ashmeet currently serves on the Board of Directors at several Foundation Capital portfolio companies including Pano Logic, Altor Networks, Sanrad and SimplyHired. Ashmeet holds an MBA from the Wharton School at the University of Pennsylvania, an MS in Computer Science from Stanford University and a BS in Computer Science from the University of Southern California.

About Foundation Capital

Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in cleantech, consumer Internet and infrastructure; telecommunications and networking; and enterprise software and on demand services. Foundation Capital funds total more than $1.7 billion. For more information, visit http://www.foundationcapital.com.

SOURCE Foundation Capital

Comments are closed.