Honouring a VC pioneer

BUSINESS TIMES
2012-10-03 04:00:00.0


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SVCA's latest inductee into its Hall of Fame is venture capital (VC) pioneer Tan Lip Bu. He joins five other industry leaders who have been conferred this top honour since the award was inaugurated in 2010. The SVCA Hall of Fame aims to showcase individuals who have thrived and carved out successful careers in the VC and private equity (PE) space. Mr Tan is the founder and chairman of Walden International, a leading VC firm managing US$2 billion. He concurrently serves as president and CEO of Cadence Design Systems, and has been a Cadence board member since 2004. As an Asia VC pioneer, he was ahead of his time when he set up Walden International in 1989 in Silicon Valley. He introduced and pioneered the US VC concept in Asia and contributed to the promotion of early-stage technology investing in the Asia-Pacific region. Walden International has backed some of the region's top tech companies, including Creative Technology, Sina Corp and Semiconductor Manufacturing International Corp. Mr Tan has been ranked among the Top 10 Venture Capitalists in China by Zero2ipo and the Top 50 Venture Capitalists on the Forbes Midas List. In March, Singapore Press Holdings honoured Mr Tan with its Singapore Business Award when he was named Outstanding Overseas Chief Executive Officer. Mr Tan joins five other industry leaders who were inducted into the SVCA Hall of Fame in 2010. These are Timothy Chia Chee Ming, chairman of Hup Soon Global Corporation and Asia chairman for UBS Investment Bank; Lee Kheng Nam, chairman of Vertex Venture Holdings and a venture partner at GGV Capital; Christopher Leong Ka Cheong, co-founder and president of Transpac Capital; Tan Keng Boon, managing partner of South East Asia Venture Investment, Advent Venture Management and the founding president of SVCA; and Anil Thadani, chairman of Symphony Asia Holdings, the adviser to Symphony International Holdings.