New York,June 7: Indian American Salam Qureishi, co-founder of a new Silicon Valley venture capital firm, OneVC.com, is interested in not just funding start-ups - he wants to virtually spoonfeed them into success. Most of the 25 start-ups he has funded over the last two years are Indian American-run, he said. The newly established company based in Mountainview California, is set up to help incubator companies access the technology and talent that is in such short supply in the Internet industry."You might say we give a jump-start to startups," said a OneVC.com release. Qureishi began working in the high-tech sector IBM as early as 1963.Known for being the creator of success stories and one of the early IT executives in the Valley, Qureishi graduated from Aligarh Muslim University and did his masters from Patna University. Not willing to reveal details about OneVC.com, Qureishi, however, said he had funded one company with up to $3 million, and others from $250,000 to $600,000.
Clients of the company he founded way back in 1972, Sysorex International and its associated Sysorex Information Systems, include the US Internal Revenue Service, US Customs, the US Army and Navy and the Department of Health and Human Services.
Qureishi himself is said to have designed computerised player selection systems for a number of US National Football League teams, including the Dallas Cowboys, San Francisco 49ers, and the LA Rams. Qureishi sold many of his projects and invested in Isadra, an e-commerce venture later purchased by VerticalNet, the Internet's leading portfolio of B2B trading communities. His other start-ups include Silicon Valley Bank, Integrated Device Technology, Iomega, Micron Technology, Ventro, Gymboree Corp, Avigen, Neurobiological, NexMed and Insite Vision.
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