Bay Partners
Team Portfolio seed Contact
 
 

Salil Deshpande

Interest
Seed, Software, Open Source

Salil is General Partner at Bay, and focuses on areas in which he has operating experience and thus some intuition. Since 2006, he has invested approximately US$75M into 20 companies across two themes: (1) open source and enterprise software infrastructure, and (2) infrastructure and platforms around social graph APIs.

Salil has led Bay's investments in DynaTrace (application performance management; acquired by Compuware), Buddy Media (platform for brands to engage with customers on social media; acquired by Salesforce.com), SpringSource (open source; acquired by VMware), Engine Yard (open source, Platform as a Service), Sonatype (open source, software component management), Mulesoft (open source, cloud and enterprise integration), G2One (open source, Groovy, Grails; acquired by SpringSource), Lending Club (peer to peer lending), Jambool (virtual currencies for social graphs; acquired by Google), Micel (telco services in Mexico), Cake Financial (social network and analytics for stock market investors; acquired by E*Trade), Marketocracy (finding the Warren Buffetts next door), Covestor (finding more Warren Buffetts next door), Financial Content (syndicated financial content to thousands of local newspapers), Triggit (real-time bidding across ad exchanges), FantasyBook (fantasy sports apps on Facebook; acquired by Citizen Sports, now part of Yahoo), and Vaxart (oral vaccine platform).

Salil also serves as board member or board observer at Tealeaf (customer experience management; acquired by IBM), Plastic Jungle (marketplace for exchanging gift cards), Eventful (world's largest database of events), PurePlay (real-money online social casino), and Apigee (API management platform).

Prior to Bay, Salil was founder and CEO of Customware, a CORBA middleware company (acquired by Visigenic, now part of Micro Focus), co-founder and CEO of The Middleware Company, a Java middleware company (acquired by Precise, now part of Symantec), and of TheServerSide.com network of developer media sites (acquired by TechTarget). Salil held technical leadership positions at several technology companies including Sun Microsystems, and taught summer courses at Stanford University.

During his years as an irreverent entrepreneur, he often wondered what went on "in those little VC brains." Therefore as a venture investor, he tries to be honest and transparent about what he is trying to accomplish, respects entrepreneurs' time by working hard, doing his homework, and openly discussing the merits of ideas or strategies, not only as a means of active learning, but as a foundation for long term relationships.

Education
B.S., Electrical Engineering, Cornell University
M.S., Electrical Engineering, Stanford University

Contact

 

Buddy Media
Cake Financial
Covestor
Dropcam
DynaTrace
Engine Yard
Eventful
FantasyBook
FinancialContent
Groovy on Grails (G2One)
Jambool
Lending Club
Marketocracy
Micel
MuleSoft
Plastic Jungle
PurePlay
SocialPicks
Sonatype
SpringSource
Tealeaf
Triggit
Vaxart