Rishi Bhat

Rishi Bhat

Rishi Bhat is a former child actor and noted internet entrepreneur. He co-starred alongside Hal Scardino and Litefoot in the 1995 film The Indian in the Cupboard, for which he received a Young Artist Award nomation. He went on to become a prodigy and millionaire - starting the internet privacy company SiegeSoft and selling it for an estimated $40,000 cash and 1.5 million shares (worth roughly $3.4 million at the peak stock price) during the dotcom boom of 2000, at age 15. [Rishi Bhat on IMDB] Bhat received widespread media attention in 2000 after selling SiegeSoft, appearing on television programs including Good Morning America, CNN, and MSNBC. He has also appeared in BusinessWeek, [BusinessWeek]
Entrepreneur Magazine, [Entrepreneur] and the Financial Times. Less than 2 hours after Bhat's March 22, 2000 appearance on Good Morning America, the share price of publicly traded Zimtu Technologies (formerly Rocca Resources), the Vancouver-based mining penny stock firm that purchased SiegeSoft, hit an all time high of $2.24 - nearly double the $1.22 it was trading at six weeks prior. [GNEXTINC.COM]

The purchase of SiegeSoft by Zimtu (the shares of which are now worthless) is often thought to have been part of a pump-and-dump on the part of Rocca's owners, although this is only speculation.

Bhat, now 24, resides in Philadelphia where he works as the CTO of Fone2Fone, a mobile phone software company that he started. He is a recent graduate of the University of Pennsylvania, where he obtained bachelor's and master's degrees in 2006.

References

*imdb|0080284|Rishi Bhat
* [http://www.entrepreneur.com/magazine/entrepreneursstartupsmagazine/2002/may/51398-6.html Generation Next - Entrepreneur Magazine]
* [http://www.businessweek.com/2000/00_22/b3683150.htm Rishi Bhat's resume in BusinessWeek, May 29, 2000 issue]
* [http://www.gnextinc.com/news/010722054.html GNEXTINC.COM - Teen Internet Moguls]
* [http://entertainment.oneindia.in/bollywood/features/melanie-eyes-bollywood-051107.html Miss India America eyes Bollywood]


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