Foundation Capital Promotes Ashu Garg to General Partner

MENLO PARK, Calif.--(BUSINESS WIRE)--Foundation Capital, a leading Silicon Valley venture capital firm, today announced the promotion of Ashu Garg to General Partner. Garg’s background in sales and marketing across both enterprise and consumer businesses has played an essential role in delivering on Foundation Capital’s early-stage venture investment strategy. Current investments span a broad range of industries, from advertising and video infrastructure to online real estate brokerage. Garg currently serves on the board of directors of Aggregate Knowledge, Agni Property, Aspire Human Capital Management, Conviva, TreeHouse and TubeMogul.

“This visionary thinking as well as his technical depth and global breadth of experience make him an excellent addition to Foundation Capital.”

“Ashu has proved to be a thought leader and a business pioneer – always looking for what’s next on the horizon that will change the architecture of business as we know it,” said Ashmeet Sidana, general partner at Foundation Capital. “This visionary thinking as well as his technical depth and global breadth of experience make him an excellent addition to Foundation Capital.”

“Foundation Capital is committed to funding companies with potential to make a difference on a global scale,” added Bill Elmore, general partner at Foundation Capital. “Ashu’s finger-on-the-pulse mentality aligns perfectly with this mission as he fosters relationships that have the potential to expand our existing ventures with both domestic and global opportunities.”

Prior to joining Foundation Capital, Garg was a general manager with Microsoft's On-Line Services business, where he was responsible for strategy and business management for the Digital Advertising Solutions Business Group. In this capacity, he was responsible for building the business plan for the advertising business at Microsoft, allowing him to develop deep experience and knowledge of the advertising infrastructure space. Garg also led the Yield (revenue) Management function and was responsible for monetizing display inventory across Microsoft's advertising network.

“My role at Foundation Capital has allowed me to invest in my personal passions in partnership with some of the best and the brightest minds in the venture capital field,” said Garg. “In addition to my interest in advertising infrastructure, online video, cloud based analytics, and consumer services in India, I expect to invest across a broad canvas. I look forward to investing in exceptional entrepreneurs and helping them build game-changing and enduring companies.”

Previously, Garg worked at McKinsey & Company, where he worked with mid-sized companies in digital media, software and consumer services helping them develop and implement their go-to-market plans. While at McKinsey, Garg worked closely with NASSCOM to develop the initial IT sector strategy for India, and co-founded Aptech Internet, an Indian online services startup, in partnership with Aptech Ltd. Garg has also worked with Unilever and Cadence Design Systems. Garg holds a Master's degree in Business Administration from the Indian Institute of Management at Bangalore, and a Bachelor's degree from the Indian Institute of Technology at New Delhi.

About Foundation Capital

At Foundation Capital, we're dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. We helped Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. We're currently invested in more than 70 high growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology. Recent public offerings of companies we helped found or grow include Reponsys, Financial Engines and Envestnet. To learn more about our firm, visit www.foundationcapital.com.