![]() ![]() While enrolled at Berkeley, Balwani, who was 37 at the time, met Elizabeth Holmes, who was 18 and in her senior year of high school. He spent another four years in a computer science graduate program at Stanford University, but dropped out in 2008. He later went back to school and received a Master of Business Administration from the University of California, Berkeley in 2003. ![]() In July 2000, Balwani sold his shares in Commerce One, netting nearly $40 million shortly before the company went out of business, just before the dot com bubble burst. The buyout was done entirely with stock, and Balwani joined the board of the new company. In 1999, the company was purchased by Commerce One, another business development software company with a high valuation. Career Ä«alwani worked for Lotus Software and Microsoft before 1998, when he helped to create CommerceBid, a software development company that helped businesses buy and sell items over the burgeoning Internet. He received an undergraduate degree in information systems. In 1986, Balwani began undergraduate studies at the University of Texas at Austin where he was a member of the Pakistani Students Association. Later they immigrated to the United States. The family eventually moved to India "because being a Hindu in a mostly all-Muslim country of Pakistan was very difficult" according to Balwani's personal lawyer. Ramesh Balwani was born in Pakistan to a Sindhi family. ![]()
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