Salil focuses on infrastructure software and open source, such as Typesafe (the Scala language; Akka and Play frameworks for Java), Redis Labs (the Redis NoSQL database), Hazelcast (in-memory data-grids for Java), Aria Systems (ERP for recurring revenue businesses), Iron.io (queues and workers in the cloud), Concurrent (Cascading and Driven), ZeroTurnaround (faster Java redeployments), and DynaTrace (application performance management; acquired by Compuware).
Prior to BCV Salil spent seven years as General Partner at Bay Partners, where he invested approximately $85M into 20 companies including Buddy Media (social media marketing platform; acquired by Salesforce.com), SpringSource (open source; acquired by VMware), Engine Yard (open source, Platform as a Service), MuleSoft (open source, cloud and enterprise integration), Lending Club (peer to peer lending), G2One (open source, Groovy, Grails; acquired by SpringSource), Sonatype (open source, software component management), Jambool (virtual currencies for social graphs; acquired by Google), Covestor (marketplace for emerging hedge fund managers), FantasyBook (fantasy sports apps on Facebook; acquired by Citizen Sports, now part of Yahoo), Triggit (retargeting on Facebook), Dropcam (webcams with cloud DVR; acquired by Google), and Vaxart (oral vaccine platform). Salil also inherited Tealeaf (customer experience management; acquired by IBM) and served on its board for three years prior to its acquisition by IBM. Salil’s angel investments include Philz Coffee (handcrafted cups of love) and Datastax (the Cassandra NoSQL database).
Prior, 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 Software, 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 and doing his homework, and openly discussing the merits of ideas or strategies, as a foundation for long term relationships.
Salil received an MS in Electrical Engineering from Stanford University and a BS in Electrical Engineering from Cornell University. Salil loves playing sports (both real and fantasy) with his teenage son and enjoys the challenge of trying to convince his teenage daughter that he’s still cool and relevant.
Some amusing things written by and about Salil:
Software Engineer, Venture Capitalist, Open Source Investor
Could software render the IT department useless? (Bloomberg TV)
Salil Deshpande on the jump to Bain
Open source and the floorboard theory of software
Betting on the Recurring Revenue Market
Spring is the New JavaEE
No Adjectives Please
The Forbes Midas List 2013 and 2014
How to set your salary as a startup founder
Fixing Marc Andreessen’s bugs
Would you become an entrepreneur again?
Who Were The First 25 Angels on AngelList
Middleware is Alive and Well Thanks
Facebook should behave like a platform company
Spring and Grails belong together
Bitcoin is a commodity, not a currency
Major cultural phenomena are worth at least a billion dollars
2014 predictions from a software infrastructure VC