Vivek Ranadivé

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

Vivek Yeshwant Ranadivé
विवेक यशवंत रणदिवे  (Marathi)
Born
Vivek Yeshwant Ranadivé

(1957-10-07) 7 October 1957
Mumbai, Maharastra, India
EducationMassachusetts Institute of Technology (BA) Harvard School of Business (MBA)
OccupationFounder of TIBCO Software
Owner and chairman of the Sacramento Kings
Net worthUS$700 Million
Spouse(s)
Deborah Addicott
​
​
(m. 1979⁠–⁠1999)​
ChildrenAneel
Andre
Anjali
Parent(s)Yeshwant Ranadivé (father)
WebsiteCorporate profile

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.[5][6] He is the nephew of the Indian Communist leaders Balkrishna Trimbak Ranadive and Ahilya Rangnekar.[7][8][9][10][11] At 16, Ranadivé was accepted to MIT, but in the 1970s the Indian government did not release foreign currency for citizens to study abroad.[12] 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.[12]

After earning bachelor's and master's degrees from MIT, he obtained an MBA from Harvard Business School in 1983.[13][14] While at MIT, Ranadivé started his first company, a UNIX consulting company.[12] He also held management and engineering positions with Ford Motor Company, M/A-Com Linkabit and Fortune Systems.[15]

Teknekron Software Systems

Teknekron Corp., a technology incubator, provided $250,000 in seed capital to Ranadivé in 1985 to found Teknekron Software Systems.[16]

TIBCO

In 1997, Ranadivé founded TIBCO Software Inc. with funding from Cisco and Reuters.[17]

Bow Capital

In 2016, Ranadivé founded Bow Capital,[18] an early-stage startup investment firm in partnership with the University of California Regents.[19] Among their investments are Eversight, Workramp, Jerry.ai,[20] and Flex.[21]

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.[22]

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.[23] 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.[24] The NBA approved the sale on 28 May.[25] 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.[26]

Works
Published Works
Work Year Author(s)
The Power of Now: How Winning Companies Sense and Respond to Change Using Real-Time Technology[27][28] 1999 Vivek Ranadivé
The Power to Predict[29] 2006 Vivek Ranadivé
The Two-Second Advantage: How We Succeed by Anticipating the Future–Just Enough 2011 Vivek Ranadivé

Personal life

Ranadivé and his former wife, Deborah Addicott, have three children: Aneel, Andre, and Anjali.[2][30]

Ranadivé coached his daughter's 12-and-under girls' basketball team despite, according to his own contention, never having touched a basketball until he reached his 40s. The story of Ranadivé's team's unlikely success was told by author Malcolm Gladwell in the pages of The New Yorker, and later included in Gladwell's 2013 book, David and Goliath.[31]

From 2016 to 2020, Ranadivé donated $55,731 to Democratic candidates and causes.[32]

References
  1. D'Agostino, Ryan. The Man Who Knows Everything. Esquire. 19 January 2012.
  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. Mumbai native leads charge to rid US National Basketball Association of racism. Scroll.in.
  6. Tech tycoon Vivek Ranadive’s daughter sang for PM Narendra Modi The Economic Times.
  7. "Red Salute To Comrade Ahilya". People's Democracy(weekly)-Vol. XXXIII,No. 16, April 26, 2009. Ahilya Rangnekar was born in Pune in 1922 in a Chandrasena Kayastha Prabhu family. Her father Trimbak Ranadive was deeply influenced by the social reformers of his times...(she was a trained classical singer, and had a lovely voice which she had often used in street performances to sell the Party paper on Bombay’s streets along with her more well-known brother, the radical communist leader and trade union fighter, B T Ranadive Cite magazine requires |magazine= (help)
  8. "sactown magazine". She strongly believed that Ranadivés had an obligation to fight for social justice because of their caste (the Hindu designation of social rank). The family is Kshatriya—born to be warriors and rulers Cite magazine requires |magazine= (help)
  9. "Silicon Valley hotshot scripts NBA plan for India". Finally, when asked about his memories of his grand uncle, the late Indian communist leader BT Ranadivé, he says laughing, "I know he wanted to make people's lives better, which is what I also want to do, but in a different way."
  10. The Most Influential Global Indians. GQ.
  11. Naik, Shivani. Indian is co-owner of US's top NBA side. Indian Express. 7 April 2011.
  12. Master of his own destiny. Express Computer.
  13. Corcoran, Elizabeth. The Big Deal: Tibco. Forbes. 16 June 2009.
  14. Profile: Vivek Ranadivé. Harvard Business School Bulletin.
  15. Vivek Ranadivé. San Francisco Business Times. 9 September 2007.
  16. Levermore-Rich, Adam. Tapping into the need for speed TIBCO's software quietly powers the Internet. Palo Alto Weekly. 27 June 2001.
  17. TIBCO: Through the Years. TIBCO.
  18. "Bow Capital". Bow Capital. Retrieved 10 June 2018.
  19. "UC Investments will anchor fund led by Vivek Ranadivé to invest in UC innovation". University of California. 15 December 2015. Retrieved 10 June 2018.
  20. "Personal Insurance Shopper - Jerry". getjerry.com. Retrieved 22 January 2021.
  21. "Entrepreneurs". Bow Capital. Retrieved 22 January 2021.
  22. Vivek Ranadivé is the First Desi NBA Team Owner. Desi Hits.
  23. 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.
  24. Windhorst, Brian (17 May 2016). "Maloofs, Sacramento group agree". ESPN. Retrieved 3 October 2016.
  25. "NBA approves Kings sale to Sacramento group". NBA. AP. 28 May 2013. Retrieved 3 October 2016.
  26. Devine, Dan (29 October 2014). "Report: Kings owner Vivek Ranadivé has pitched a 4-on-5 defense, 'leaving one player to cherry-pick'". sports.yahoo.com. Retrieved 27 May 2019.
  27. Purewal, Sukhjit. 'Why hire people who agree with you?'. Rediff. 25 June 2001.
  28. About the Author. The Power of Now.
  29. Predictive Business. Chief Executive Officer. 2 August 2006.
  30. "The Game Changer". www.sactownmag.com. Retrieved 27 May 2019.
  31. https://www.forbes.com/sites/markheisler/2014/12/15/next-coach-ranadive-yet-to-turn-nba-kings-around-like-his-12-year-old-daughters-team/
  32. Ziegler, Sara (28 October 2020). "Inside The Political Donation History Of Wealthy Sports Owners". FiveThirtyEight. Retrieved 15 December 2020.
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