SM: What did you do after your meeting with the Goldman Sachs partners? VR: I borrowed a Sun workstation. They wanted to get into the commercial sector and they were competing in the engineering workstation area as well. We were the guys who took Sun and put it all over Wall Street. That turned out
SM: You mentioned that you developed a value system during your time at Fortune. What was that? VR: Fortune Systems was an interesting company. I saw that it would be mathematically very difficult for them to make it.
SM: What did you do after MIT? VR: I did a couple of degrees at MIT. I did a bachelor’s, a master’s and part of a PhD, all in EE. While I was at MIT I started working as a consultant for the auto industry and became interested in robotics.
Vivek Ranadivé founded TIBCO in 1985. He is also the author of the New York Times business bestseller “The Power of Now: How Winning Companies Sense and Respond to Change Using Real-time Technology” (McGraw-Hill, 1999). He was one of InfoWorld’s 2002 Top Ten Technology Innovators and was recognized by Ernst & Young as a 2002
SM: What is your prognosis on solar? Are we going to have grid parity in 2012? MH: I think we will have grid parity on the retail side, the distributed generation side, which is systems on houses and office buildings. I think that people will then challenge the whole premise.
SM: Will you limit yourselves strictly to project financing? Do you envision a technical leadership role? MH: Our industry is new enough that we absolutely need to stay involved in engineering and evaluating new technologies. We have a technology group that does evaluations and downstream technology development such as balancing systems and racking.
SM: Is your business entirely residential? MH: No. Now we are entirely the other way. I took over as CEO in January. After the investment came in we restructured the board and the company. We had separated into two divisions in 2007, which provided a nice, clean way of splitting. Accordingly, we sold the residential
SM: What was the process of finding your mentors? MH: There is a group in San Diego called the Chairman’s Roundtable. Semi-retired business leaders volunteer their time. They only work with companies with over $10 million in revenue and want to grow.