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Forbes has a notable story on the fast-growing Silicon Valley chip company Marvell, that is taking over in most sectors it enters.
The company, run by husband and wife team Sehat Sutardja, 45, and Weili Dai, 44, recently bought the money-losing division of Intel. This story tells the good and the bad, including the hard work-ethic of the Chinese immigrant couple, and of Sehat’s younger brother, Pantas. They are now all billionaires, and together the three own 22% of the shares.
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| Sutardja & Dai |
It also tells how former chief financial officer Gordon Steel was fired right before the company’s IPO for telling Dai she’d hired and fired too many secretaries, at least according to Gordon Steel. Marvell says he was fired for not working hard enough. And part of this little stand-off concerned Marvell’s first investor and former chairman Diosdado Banatao of Silicon Valley venture capital firm Tallwood Venture Capital. Whatever the case, this is still an amazing success story that shows how the Silicon Valley dream lives on.
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