Vivek Yeshwant Ranadivé ( ; born 7 October 1957) is an American business executive, engineer, author, speaker and philanthropistD'Agostino, Ryan. The Man Who Knows Everything. Esquire. 19 January 2012. Ranadivé is the founder and former chief executive officer (CEO) of TIBCO Software, a business intelligence software company, and of Teknekron Software Systems.Gladwell, Malcolm. How David Beats Goliath. The New Yorker. 11 May 2009.World Economic Forum Davos 2012: Vivek Ranadivé launches social networking site TopCom for leaders to interact. Economic Times. 26 January 2012. Ranadivé is also a co-owner and chairman of the National Basketball Association's Sacramento Kings. In 2022, Ranadivé purchased a Minor League Baseball franchise, the Sacramento River Cats.
Early life and career
Ranadivé grew up in the Juhu area of Mumbai, India, and was the youngest of three children. He studied at the Bombay International School, located at Babulnath, Mumbai.Mumbai native leads charge to rid US National Basketball Association of racism. Scroll.in.Tech tycoon Vivek Ranadive's daughter sang for PM Narendra Modi The Economic Times. He is the great-nephew of the Indian Communist leaders Balkrishna Trimbak Ranadive and Ahilya Rangnekar.The Most Influential Global Indians. GQ.Naik, Shivani. Indian is co-owner of US's top NBA side. Indian Express. 7 April 2011. At 16, Ranadivé was admitted by MIT, but in the 1970s the Indian government did not financially support Indians who wanted to study abroad.Master of his own destiny. Express Computer. Ranadivé talked his way into the office of the Reserve Bank of India and got the required currency to cover one quarter of the tuition.
After earning bachelor's and master's degrees in electrical engineering from MIT, he obtained an MBA from Harvard Business School in 1983.Corcoran, Elizabeth. The Big Deal: Tibco. Forbes. 16 June 2009.Profile: Vivek Ranadivé. Harvard Business School Bulletin. While at MIT, Ranadivé started his first company, a UNIX consulting company. He also held management and engineering positions with Ford Motor Company, M/A-Com Linkabit and Fortune Systems.Vivek Ranadivé. San Francisco Business Times. 9 September 2007.
Teknekron Software Systems
Teknekron Corp., a technology incubator, provided $250,000 in seed capital to Ranadivé in 1985 to found Teknekron Software Systems.Levermore-Rich, Adam. Tapping into the need for speed TIBCO's software quietly powers the Internet. Palo Alto Weekly. 27 June 2001.
TIBCO
In 1997, Ranadivé founded TIBCO Software Inc. with funding from Cisco and Reuters.TIBCO: Through the Years. TIBCO.
Bow Capital
In 2016, Ranadivé founded Bow Capital, an early-stage startup investment firm in partnership with the University of California Regents. Among their investments are Skillit (platform), Eversight, Workramp, Jerry.ai, and Flex.
NBA
Golden State Warriors
In 2010, Ranadivé became the co-owner and vice chairman of the Golden State Warriors, making him the first person of Indian descent to co-own an NBA franchise.Vivek Ranadivé is the First Desi NBA Team Owner. Desi Hits.
Sacramento Kings
On 21 March 2013, it was announced that Ranadivé had joined Ronald 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. 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. The NBA approved the sale on 28 May. Ranadivé made waves in 2014 when he proposed a style of play that included his team keeping one player on offense the entire time, creating a 4-on-5 defense on the other end.
Works
+Published worksWorkYearAuthor(s)The Power of Now: How Winning Companies Sense and Respond to Change Using Real-Time TechnologyPurewal, Sukhjit. 'Why hire people who agree with you?'. Rediff. 25 June 2001.About the Author. The Power of Now.1999Vivek RanadivéThe Power to PredictPredictive Business. Chief Executive Officer. 2 August 2006.2006Vivek RanadivéThe Two-Second Advantage: How We Succeed by Anticipating the Future–Just Enough2011Vivek Ranadivé
Personal life
Ranadivé and his former wife, Deborah Addicott, have three children: Aneel, Andre, and Anjali. Anjali is an R&B singer-songwriter, former basketball executive, and philanthropist. His son Aneel founded Soma Capital, a venture fund that has seeded 34 unicorns by 2025.
From 2016 to 2020, Ranadivé donated $55,731 to Democratic candidates and causes.
References
External links
TIBCO Software Inc. Official Vivek Ranadivé bio Driving the Information Bus:Vivek Ranadivé