Menlo Park, CA (PRWEB) April 28, 2015
Silicon Valley venture capital firm, Foundation Capital, is proud to announce RJ Jain as Entrepreneur-in-Residence. Foundation Capital’s Entrepreneur-in-Residence (EIR) program allows successful entrepreneurs from different backgrounds to hone their ideas and expertise in partnership with seasoned venture capital partners. The program was founded under the expectation that, given the proper resources, great minds will produce great ideas.
RJ Jain is a serial entrepreneur and angel investor. He is the co-founder of Appurify, which pioneered on-device debugging, Continuous Integration testing and performance optimization for mobile applications, and was acquired by Google in 2014. He previously served as the director of engineering at Sidecar Technologies - a popular ride-sharing startup - and was a principal software engineer at Zynga, where he helped develop the popular game, Farmville, and led the Tools division.
RJ is an active angel investor who has invested in a number of big-data, analytics and, consumer companies, which have subsequently successfully raised subsequent rounds of financing from top tier investors. He was recently recognized as a Young Entrepreneurial Leader for his contributions in the venture ecosystem at the Montgomery Summit in Los Angeles. RJ holds a B.S. in Computer Science from the University of MIchigan, where he was nominated for the Distinguished Leadership Award for creating a search engine app, Gobluelink.
“I’m extremely excited to join the Foundation Capital team as a 2015 Entrepreneur in Residence. In addition to collaborating on my next venture, together we will identify businesses that will help make a lasting impact on the world and foster the entrepreneurial spirit of the next wave of innovators in the tech world,” said Jain.
As a part of the long-standing EIR program at Foundation Capital, entrepreneurs receive time, domain expertise, network and capital from the company. The EIR program began when Foundation Capital was founded in 1995, and since its inception EIRs has helped start companies or have landed executive positions in companies like Atheros, Peribit, ONStor, Hammerhead Systems, Solar Flare Communications, Silver Spring Networks and more.
About Foundation Capital
Foundation Capital is dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. Foundation Capital has helped companies like Lending Club change the way money is lent and borrowed, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. Foundation Capital is currently invested in more than 60 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including Beepi, BoardVantage, Chegg, Coverity, DogVacay, Kik, ForgeRock, Lending Home, Simply Hired, Spoon Rocket, Sunrun, and Venafi. Foundation Capital's twenty-five IPOs include Lending Club, OnDeck, MobileIron, Control4, TubeMogul, Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, visit foundationcapital.com.