Anamitra Banerji has joined Foundation Capital as an "Entrepreneur in Residence." Banerji, a former Twitter product manager, comes to Foundation Capital with strong experience in advertising and social media from his previous work at Twitter, Overture and Yahoo, the firm said.
Banerji joined Twitter in March 2009, where he helped start the company's advertising platform and core revenue engine at Twitter, leading the team that launched the first monetization products, including promoted tweets, promoted accounts and promoted trends.
At Foundation Capital, Banerji will foster his own passions with exploration of the fast growing online collaboration and mobile industries, as well as help the firm identify promising start-ups, acting as a consultant in the investment process, according to the firm.
"After years of working alongside some of the most prolific founders in Silicon Valley, I've grown passionate about getting involved with the entrepreneurial process myself," said Banerji. "In talking to various venture capital firms, it became clear to me that Foundation Capital has emerged as a force in the areas where I have direct interest. It was also the perfect fit for me based on the firm's deep operational background and dedication to helping entrepreneurs build great companies. As an Entrepreneur in Residence, I look forward to exploring opportunities such as online collaboration, mobile in the consumer space, and emerging marketplaces."
"Our Entrepreneur in Residence Program seeks to find the most promising and passionate minds in Silicon Valley," said Charles Moldow, general partner at Foundation Capital. "We welcome Anamitra Banerji into the program and believe that his experience and close relationships with many in the entrepreneurial community make him a tremendous asset to our firm."
Along with his Entrepreneur in Residence responsibilities, Banerji is also helping to launch Widescope, an early-stage experiment at Stanford University focused on online collaboration. The Web site encourages the community to find a solution to reduce the federal budget deficit and seeks to build consensus by allowing members to vote on submitted ideas.