Arjun Gupta Of Sacramento Kings Named To SBA Advisory Board

India-West News Desk

WASHINGTON, DC – Arjun Gupta, a venture capitalist has been named the chairperson of the newly constituted Federal Investment Capital Advisory Committee. ICAC is a newly established organization to ensure the accessibility of funds to small businesses.

This committee with 14 other members will act as an advisory board to the Small Business Administration (SBA), which directly communicates with the Biden cabinet.

The committee’s main objective is “to promote, expand, and strengthen the ecosystem of private funds financing U.S. small businesses and startups, to fund entrepreneurs and small business owners from traditionally underserved communities.”

He is the Founder and Managing Partner of TeleSoft Partners, a venture capital firm which he founded in 1996. He serves on the boards of Calient Technologies, Nexant, and Validity Sensors, and is also president of the AG Community Foundation, which he launched in 2001.

Gupta drew notice in 2013 when his name showed up in the list as part of the group to purchase the Sacramento Kings NBA basketball team. Thereafter the new ownership group developed the Golden One Arena, which opened in 2016. The group is developing over one million square feet of mixed-use real estate for retail, commercial, hotel and residential uses to help revitalize downtown Sacramento.

His interest in sport is not just of the armchair variety – he has climbed with six Himalayan expeditions to peaks over 20,000 feet and was a member of the 100th Anniversary Ski Expeditions to the North Pole and to the South Pole.

Gupta has been a strategy consultant with McKinsey & Company and a software engineer with Tektronix. He has degrees in Computer Science from Washington State University and an MBA from Stanford University.