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January 30, 2004

Promod Haque displaces Vinod Khosla in Forbes' "Midas List"

Norwest Venture Partners' Promod Haque displaced another VC of Indian origin, Vinod Khosla of Kleiner Perkins Caufield & Byers, to climb to the top of Forbes magazine's annual Midas List. (The Midas List seeks to "identify individuals who deploy venture capital to create wealth for their investors".)

Son of a bureaucrat father and schoolteacher mother, Haque grew up in Delhi and gained an engineering degree from the University of Delhi, the Forbes profile says. He moved to the US to obtain a Ph.D. in electrical engineering at Northwestern University and an MBA from Northwestern's Kellogg Graduate School of Managemen. He worked for 10 years in a string of medical instrumentation companies including Siemens, before joining Norwest in 1990. He catalyzed the fund's investments in Tivoli, Forte Software, Cerent, Siara, OnDisplay, Extreme Networks and Winphoria Networks. His current investments include AmberPoint, Cast Iron Systems, Inkra Networks, Open-Silicon, Veraz Networks, Virtela Communications, and ZettaCom.

Click Here for Forbes' latest Midas List compilation.

Click Here for a detailed profile of Haque.