| Finian Tan | |
| Occupation: | Venture capitalist, entrepreneur |
| Children: | 8[1] |
Dr. Finian Tan is a venture capitalist,[2] entrepreneur, the founder and chairman of Vickers Venture Partners. It is an international venture capital firm with a presence in Singapore, Shanghai, New York, Hong Kong, San Diego, San Francisco, and Kuala Lumpur.[3] Before he started Vickers, Tan was Managing Director, and head of the Credit Suisse First Boston (“CSFB”) group of banks in Singapore and Malaysia, a role he took on after leaving his position as the Founding Partner and Managing Director of Silicon Valley venture capital firm Draper Fisher Jurvetson Planet for Asia, where he made an early investment in Chinese tech giant Baidu.
Prior to this, in 1997, Tan served as Deputy Secretary of the Ministry of Trade and Industry for the Singapore Government.[4]
Some of Tan's other notable investments include out-of-home media company Focus Media, the Asian Food Channel, Kongzhong Corporation, TWG Tea, SunFun Info Co., gaming software company RTG Asia, RWDC Industries, Emergex Vaccines, and life science company Samumed.[5] [6]
In the early part of his career, Tan worked with Shell Eastern Petroleum Ltd in Singapore and was later posted to Shell Japan Ltd, where he was promoted to Chief Trader. He then spent 3 years at Goldman Sachs as Vice President at J.Aron and Co (Singapore), before becoming the Regional Director and Head of J.Aron and Co. (Singapore) in charge of the Asia-Pacific Region.
In 1997, he returned to Singapore and was asked to serve as Deputy Secretary of the Ministry of Trade and Industry for the Singapore Government, with the aim of making Singapore a leading Asian country in innovation, creativity, and entrepreneurship.
In 2000, Tan became the Founding Partner and Managing Director of the Silicon Valley Venture Capital Firm Draper Fisher Jurvetson ePlanet for Asia. It was during his time here that he spearheaded the investment into Baidu. Tan saw Baidu's vast potential for success and invested US$7.5 million for 25% of the company, securing two board seats out of seven.
In August 2005, Baidu went public, by which time Draper Fisher Jurvetson Eplanet had 28.1%, more than Baidu Founder and CEO Robin Li’s 25.8%.[7] Today, Baidu is worth US$62 billion and is considered the best performing IPO on Nasdaq.
In 2002, Tan joined as Managing Director and head of the CSFB group of banks in Singapore and Malaysia. During his tenure as head of the CSFB group of banks in Singapore, Tan remained as chairman of DFJ ePlanet’s Asian investment committee and remained on the board of DFJ ePlanet (S) Ltd until 2009.
In 2005, Tan founded Vickers Venture Partners together with his co-founder Dr Khalil Binebine and 4 other co-founders, and is currently the Chairman of the investment committee. He is based in Singapore and travels frequently to the other cities in which Vickers has a presence; especially San Diego, California, where Samumed, the largest Vickers’ portfolio company, is based and for which Dr Binebine is the sponsor of the deal and Dr Tan the co-sponsor.
He sponsored/co-sponsored and played substantial roles in several of Vickers’ portfolio companies including Cambridge Industrial Trust Management (Chairman), Asia Food Channel (Founding Chairman), M-DAQ, Spark Systems (Chairman), Entomo (Chairman), Matchmove (Chairman), Sisaf (Co-Chairman), RWDC industries (Co-Chairman), Emergex (Chairman), Eavor (Deputy Chairman), Chooch (board member), Lumitron (board member) and TWG, the co-owner of TWG Tea (board member).
As Deputy Secretary of the Ministry of Trade and Industry in Singapore, Tan also served as Chairman of the US$1 billion TIF fund. In 1997, he was a member of the Economic Review Committee of Singapore. Other roles included being on the boards of:
Tan continued to serve the country of Singapore after completing his term in the Singapore government. In 2002, he was part of the working group of the Economic Review Committee of Singapore.[9] He was also on the board of:
He has been a board member of numerous other Vickers portfolio companies:
Other previous and current board appointments include:
In an interview, Tan shared his vision of giving away the family fortune for charity causes, saying "Africa is growing, but it is poor and education is weak. I would like to try my best to contribute.''
He has also expressed his vision to combat climate change, stating "We should at least leave the world unchanged, if not better".[10]