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Udayan Banerjee

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A Software as a Voting Member of the Board?

Do you think that a software being a voting member of the board of director is science fiction then think again!

It has actually happened!

VITAL (Validating Investment Tool for Advancing Life Sciences), which is a software, has been appointed as a voting member by Deep Knowledge Ventures (DKV), a Hong Kong based venture capital fund.

Deep Knowledge Ventures

This is what Dmitry Kaminskiy, senior partner at Deep Knowledge’s tells Beatbeat

“…On the meetings investors will firstly discuss the analytical reviews made by VITAL. All the decisions on investing will be made strictly after VITAL provides it’s data. We say that VITAL has been acknowledged as an equal member of the board of directors, because it’s opinion (actually, the analysis) will be considered as probably the most important one. So basically yes, it will be incorporated into meetings…”

Let me repeat what I had said in an earlier post … I get a conflicting feeling of “oh! that is great!” and “hmm… who is going to be the next victim of this model?”.

If you want more details you can read the related articles given below.

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More Stories By Udayan Banerjee

Udayan Banerjee is CTO at NIIT Technologies Ltd, an IT industry veteran with more than 30 years' experience. He blogs at http://setandbma.wordpress.com.
The blog focuses on emerging technologies like cloud computing, mobile computing, social media aka web 2.0 etc. It also contains stuff about agile methodology and trends in architecture. It is a world view seen through the lens of a software service provider based out of Bangalore and serving clients across the world. The focus is mostly on...

  • Keep the hype out and project a realistic picture
  • Uncover trends not very apparent
  • Draw conclusion from real life experience
  • Point out fallacy & discrepancy when I see them
  • Talk about trends which I find interesting
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