
Promod Haque 8212; who eclipsed Vinod Khosla, a founder of Sun Microsystems, as the top venture capitalist in the world 8212; was raised in Delhi by a bureaucrat father and schoolteacher mom. His father wanted him to be a doctor, but he became a millionaire financier instead.
He studied engineering at the University of Delhi. Later post-graduate work in Siemens8217; medical group spurred him to learn how to design medical instrumentation. Haque moved to the US to get a Ph.D. in electrical engineering at Northwestern University.
Venture capitalists
VCs are money managers who make high-risk, high-return investments. They raise money from private and institutional investors. They then invest those funds in start-up and pre-public companies, hoping for a substantial return. VCs get their money back when a portfolio company sells shares to the public in an initial public offering IPO or when it is acquired by another firm.
Haque worked for a decade at a string of medical instrumentation companies, and then started vetting ideas for Norwest Venture Partners in 1990. Bought into the client-server revolution, he made his first big scores on Tivoli and Forte Software. More recent hits: Cerent, Siara, OnDisplay, Extreme Networks and Winphoria.