Austin Ventures promotes Shampant to General Partner

By siliconindia staff writer   |   Tuesday, 16 November 2004, 08:00 Hrs
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AUSTIN, TX: Austin Ventures, a venture capital firm, today announced the promotions of two members of the companyÂ’s investment professional team. Basil Horangic and Venu Shamapant were both promoted to the position of general partner.

“In recognition of their significant contributions to our portfolio investments and to Austin Ventures, we are pleased to announce the promotions of Horangic and Shampant to the role of general partner,” said John Thornton, general partner, Austin Ventures. “Both individuals have played critical roles in helping to build and position valuable portfolio companies in our hardware practice area. As general partners, they will play an integral role representing the next generation of Austin Ventures leadership.”
Shamapant has been with the firm for more than five years and focuses on investing in systems and semiconductor companies. Previously, Shampant served as Vice President of business development for Telecom Technologies, Incorporated. Prior to that, he was an engagement manager with McKinsey, and focused on clients in the communications and software industries. Shampant also served as an engineering lead at Mentor Graphics.
At Austin Ventures, Shampant has worked with companies such as D2 Audio, Britestream Networks, Lifesize Communications, Navini Networks, Prophesi Technologies, and Spatial Wireless. “From introducing the founding team to securing our initial technology license and anchoring our Series A funding with Austin Ventures, Shampant has been critical to the success of our firm,” said Pardeep Kohli, founder and CEO, Spatial Wireless.
Shampant received his MBA from the Harvard Graduate School of Business, an MS in computer engineering from the University of Texas at Austin, and a BS in electronics and communications engineering from Osmania University, India.

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