Redpoint Ventures Announces The Hiring Of Zimbra Co-Founder Satish Dharmaraj
Satish Dharmaraj is the founder of corporate e-mail software company Zimbra. Yahoo! acquired the company for $350 million in 2007. With that kind of money it does not come to any surprise that Dharmaraj would join a VC firm. Redpoint Ventures has announced that they have hired Dharmaraj as a partner of the company.
After many executives leave a company, they move on to a new venture or become an entrepreneur-in-residence at a VC firm, but Dharmaraj decided to become a direct employee. Satish left Yahoo! this past January. Some other Yahoo! alumni executives that joined VC firms include David Goldberg, Jeff Weiner, and Andrew Braccia. Weiner now is the President of LinkedIn.
Currently Zimbra has over 20 million paid users. Comcast helped Zimbra’s user base grow tremendously.
Some of the companies that Redpoint invested in includes Scribd, SocialVibe, Adap.tv, Entertonement, and Oodle.
[via BoomTown]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry