Indian American Arjun Gupta Appointed to Lead the ICAC

By siliconindia   |   Wednesday, 06 September 2023, 17:33 IST
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Indian American Arjun Gupta Appointed to Lead the ICAC

A diverse 14-member panel has been appointed by the US Small Business Administration and led by Arjun Gupta to the federal Investment Capital Advisory Committee.

The Small Business Administration (SBA) of the U.S., representing almost 33 million small businesses in America under the administration of President Joe Biden, announced the selection of 14 individuals to the federal Investment Capital Advisory Committee (ICAC).

The panel consists of members with diverse perspectives, experiences, and occupational backgrounds related to the private investment industry. It serves as an independent source of advice and recommendations to SBA on matters concerning institutional investment trends, innovation, and policies impacting small businesses’ ability to access patient investment capital.

The key objective of the inaugural committee is to promote, expand, and strengthen the ecosystem of private funds financing US small businesses and startups and to fund entrepreneurs and small business owners from traditionally underserved communities.

The board is led by an Indian-American Arjun Gupta, founder and chief believer of TeleSoft Partners, a venture capital firm. Gupta has made promising investments directly and indirectly in over 250+ private technology companies, leading to 150+ acquisitions and IPOs. He also raised several cumulative capital commitments of over one billion USD. He was on Forbes Midas List of Top 100 Venture Capital Investors from 2006-2009. Gupta served as a strategy consultant earlier in his career for high-tech clients with McKinsey & Company and as a software engineer and product consultant for Tektronix, Inc. He has also launched a family foundation to support non-profit projects. 

Gupta completed his graduate degree from Delhi’s St. Stephen College in economics and holds a master's in business administration from Stanford University and an MS and BS in computer science from Washington State University. He is an advanced leadership fellow (ALI) from Harvard University and a Henry Crown Fellow and Trustee of the Aspen Institute.