Anatomy of Innovation: Exodus Founder B.V. Jagadeesh (Part 1)
B.V. Jagadeesh is a successful entrepreneur and a proven leader. He was also the co-founder of Exodus Communications, a leader in the web co-location market that enjoyed a highly successful IPO. Prior to joining 3Leaf Systems as CEO, he served as group vice president and general manager of Citrix Systems’ Application Networking Group and as president and CEO of NetScaler.
SM: Jagdeesh, take us back to where your journey begins. Where were you born, where did you grow up, and where did you study?
BVJ: I was born in a small village on the outskirts of Bangalore, which is the so-called Silicon Valley of India. This is 20–25 miles outside of Bangalore. In India 25 miles is a real hard journey, it is not something you commute every day. I had my basic education, through middle school, in the village. Starting with high school, I had to move to the city to get an education.
SM: Did you move there by yourself?
BVJ: My older brother and I moved, and later on my younger brother joined us. We stayed together in a small apartment. We cooked our own food and took care of ourselves. Looking back, a lot of the challenges I faced helped prepare me for what I face today. At a young age I had to learn finances, negotiation, and other skills, just on a smaller scale. We learned to be responsible.
In one way it was hard when we were going through that phase, but it was probably harder for my mother. Letting a young child let go is very hard for parents. We would not see her for an entire week. We finished school on Saturday, went to the village until Sunday night, and returned to Bangalore and started classes again on Monday.
I went to college in Bangalore as well. I studied engineering, and then for my masters I studied computer science and engineering from the University of Bombay. I moved from Bangalore to Bombay to get my masters degree. I then worked in Bombay for two years for a company called Micronic Devices. They used to sell Intel products. Intel was obviously evolving at the time.
It during was the very early stages of the microprocessors. I was fortunate to work for a company that sold Intel products because I became the resident expert of Intel products in India. I worked there for about two years, and then I got an offer from a Silicon Valley-based company called Alexi.
SM: How did they find you?
BVJ: They just advertised in the newspapers. I applied and was one of the five people who got selected, so I ended up in the Valley.
SM: It almost seems like a toss of the coin!
BVJ: It was. I was somewhat skeptical because I was having a good time in Bombay. I was making decent money, doing a lot of traveling, and had a good name with the work I was doing. Taking the shift in terms of my career as well as the difficulties associated with moving from one country to another made me think pretty hard before going through with it.
SM: What year are we talking about here?
BVJ: It was 1982, so everything was still pretty early. It is nice to reflect on how things were then and how they are today.
This segment is part 1 in the series : Anatomy of Innovation: Exodus Founder B.V. Jagadeesh
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[...] this interview with the founder and CEO of Exodus Communications. From Sramana Mitra’s site. Read it, [...]
[...] For those of you who have admired the Exodus story from afar, here’s your chance to listen to Jagadeesh telling his story. [...]
Fascinating story…thanks for sharing this. Especially the early days of your youth.
It’s impossible to unwind & downscale such huge investments in data centers rapidly, even if the market headwinds were obvious. Only really seasoned executives can manage turbulent times well. I am surprised, though, that even Ellen Hancock could not see this ahead of time and led this internet pioneer off the rails by over-investing. She was pretty seasoned at that time, flaming white hair and all!
I am reading the Ben Graham’s Intelligent Investor. Jason Zweig took the case of these ‘Exodus Jokers’ about crazy stock market that made all these people rich and visionaries while all other common stock holders lost all their hard earned money.
Half baked shills like you are bringing them as great entrepreneur & example.
Really? Just because the speculators speculated their way to losing their shirts doesn’t mean that Exodus didn’t do something truly innovative in its days. The stock went wild, but so did a lot of other stocks. Remember Netscape? That was a valuation without revenue story. Does that mean it wasn’t a great innovative venture?
Its not just about speculation. Its about their earning power, leverage they did. You can blame it on anything.
Over leverage doesn’t take anything away from innovation, Kannan.