September 14 – London, Silicon Valley & Hong Kong – ‘Virtual Silicon Valley’ platform creator Grow VC has nominated a new member to the Advisory Board, Mr. Sarosh Kumana from San Francisco. The online venture community and micro funding network has grown to over 10,000 entrepreneurs, investors and experts from 200 different countries.
“Sarosh brings strong experience in the traditional investment and business angel world, which is of great importance as we expand our network and solutions. Just last week President Obama’s American Job Act presented important steps to enable crowdfunding in a larger scale in the US. We see this is an important step to develop the startup funding market, and Grow VC will play a key role in this process”, states Grow VC Chairman and Co-founder Jouko Ahvenainen. “Mr. Kumana has extensive experience from many investment areas and companies, from global real estate investments to Sand Hill Angels in Silicon Valley. Grow VC wants to open startup investing to more people, not only to traditional business angels, Sarosh’s experience and insight will be very valuable for us in this work.” Ahvenainen continues.
Sarosh Kumana is a real estate entrepreneur and angel investor based in San Francisco, with over 25 years of startup and management experience. He founded and ran a leading California government foreclosure brokerage and a mortgage brokerage company for over 15 years. He is President of Pacific Capital Management, managing member of Junglee LLC, and also manages several other private investment vehicles. He is a member of Health Tech Capital, a limited partner in numerous VC funds, and active with Sand Hill Angels in Silicon Valley as a Board Director.
Sarosh has a major commitment to global sustainability. He sponsors and supports a number of educational projects in the US and around the world through the Foundation for a Sustainable Future. Locally, he is actively involved in civic, community and political affairs, particularly involving housing and good government issues. Sarosh serves on the Ambassador Council at Global Footprint Network, and on the Advisory Council of the Don Jones Center for Entrepreneurship at Tepper Business School, Carnegie Mellon University. Sarosh received a B.Com. from Sydenham College, University of Bombay, and an MBA from Carnegie-Mellon University.
“Crowdfunding, seed-stage investment represents the next step in the democratization and globalization of the startup investment ecosystem. GrowVC has come up with a platform that can be used to accomplish this. Developing safeguards for fledgling investors, complying with the legal requirements of multiple jurisdictions, cross-border and domestic systems of sharing entrepreneur data, and enabling crowdsourced due diligence with security for all parties, are among the challenges that GrowVC faces in achieving its vision, and I am pleased to contribute to the process”, Mr. Kumana commented on his nomination.
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