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By Kara J. Peterson
Kamal
Bahamdan was just seven years old when he discovered
that horses would become his life's passion. "I
had my first dirt bike and was treating it like a horse-
had a name for it and everything," he says. "So
my parents decided to get me a real horse and sent me
to riding school." Kamal didn't miss a day of practice
for two years. He was, as he puts it, "hooked."
That was twenty-five years ago. And today not much
has changed. To date, Kamal has competed in two Olympics-the
1996 Atlanta Games and the 2000 Sydney Games, took first
place in the 1999 Grand Prix Fleet Jumper Classic, finished
second in the 1999 Valkenswaard International Derby,
placed in several New England regional events, competed
in the 2002 World Equestrian Games in Spain, and is
currently in training for the 2004 Olympics. "I
can't imagine a day in my life without horses,"
he says.
Soft-spoken and serious, Kamal credits his parents
with setting him on the road to success. "My father
is one of those people who believes that if you want
to do something, you have to do it all the way,"
Kamal explains. "Like if you want to play tennis,
you have to prepare with the proper clothes, equipment,
and coach. You don't just go out and hit the ball and
expect to be the best. All the sports that I am involved
in have strict discipline as the common factor and the
whole idea of all of them is that I go all the way in
whatever I do." Today, the 32-year-old athlete
displays this level of dedication in every aspect of
his life.
In addition to being a world-class equestrian, Kamal
is a graduate of the College of Engineering at Boston
University (he graduated in 1994 with a BS in manufacturing
engineering). He is also a successful venture capitalist.
In 1995, he cofounded BV Global Partners, a $150 million
private equity fund that invests in technology start-ups
and other venture groups. He also serves on the Dean's
Advisory Council at the College of Engineering, which
reviews the latest technologies under development at
BU and in the Boston area. He advises the Council on
industry and market developments.
"I spend a lot of time on airplanes," he
laughs. "I think that 1998 was the worst--I must
have boarded a plane more than two hundred times that
year." So how does he do it? "You simply have
to make the time," he says. "And you have
to make the best of the time that you have."
The son of a prominent banker, Kamal grew up in Saudi
Arabia's capital, Riyadh, where horse jumping
was not a popular sport. "When I was growing up,
horse jumping was pretty much nonexistent in Saudi,"
he says. "The only chance I had to excel or progress
at the sport was to go to Europe every summer and ride
there because no one would sponsor any shows in Saudi."
In fact, Saudi Arabia didn't form a horse jumping federation
until 1994. But that didn't stop Kamal from following
his dream. And besides, "horse jumping is addictive,"
he says.
Kamal's first Olympics were in 1996, "And I wasn't
even supposed to be there," he says. "But
at the last minute, another rider failed to place, so
I was called in with only three weeks before the games
began." This was also the first time that Saudi
Arabia competed in show jumping, a sport traditionally
dominated by France, Holland, Germany, and the United
States. "We weren't taken too seriously at first,"
Kamal remembers. "We were kind of like the Jamaican
bobsled team." But all that changed when one of
Kamal's teammates took home a bronze metal from the
2000 Sydney games.
"Horse jumping is gaining a lot of popularity
in Saudi Arabia right now," he says. Currently
training in Belgium with a German coach, Kamal plans
to take a year off before the 2004 Olympics in Athens.
"I really want to give it my all," he says.
"Otherwise, I will always wonder how far I could
have gone."
As a child, Kamal also developed a taste for the board
room. "My father started taking me to business
meetings when I was twelve years old," he says.
"Afterwards, we would discuss what happened-he
would ask me what I thought. This taught me a lot about
business principles."
But it wasn't until high school that Kamal started
thinking about engineering. "I decided on engineering
because it teaches problem solving," he says. "You
can't get that in other disciplines." Kamal narrowed
his choice down to manufacturing engineering because
he wanted to learn more than "just pure engineering."
He says that while a student at Boston University, he
learned management skills as well as technical skills.
"And once I decided on manufacturing engineering,
I knew I wanted to go to Boston University or the University
of California at Berkeley, since they offered the best
manufacturing engineering programs in the U.S."
Kamal says that studying engineering actually made
sense for him. "Horse jumping is all about mechanics,"
he says. "When a horse jumps, its back legs act
like a spring. As a rider, I have to understand this
spring action and the trajectory, the take-off angle,
the distance from the jump, etc. Good riders understand
this as second nature, but it is pretty difficult to
teach something that is second nature. So my understanding
of the basic principles of engineering really helps
me explain show jumping to kids."
Kamal
adds that studying engineering helps him in his role
as a venture capitalist as well. "I understand
the technology being offered," he says. His competitive
nature has also helped him succeed in business. "Alex
Vahabzadeh, the cofounder of BV Group, was originally
my adversary," Kamal explains. "We were on
opposite sides of a business negotiation and were working
really hard to outsmart each other, so the negotiation
failed." But later, Kamal says that he ran into
Alex and the two hit it off. They collaborated on a
few deals, eventually forming the BV Group. "Knowing
how the other person's brain works has proven to be
an important element in our success," he says.
And succeed they have.
The BV Group has excelled in investing in technology
start-ups, real estate, hedge funds, and private equity,
primarily within the U.S. and Europe. To date, the group
has completed more than forty-five direct investments
and more than ten private equity fund investments. In
the New England region, for example, BV has invested
in MarketMax Inc., a Wakefield maker of supply-chain
software for retailers; in Pittsburgh's FreeMarket's
Inc., a business-to-business auction site for industrial
parts and commodities; and in Peracon Inc., a Web site
for commercial real estate transactions.
So what is next for the multitalented Kamal? "I
would like to teach riding to children," he says.
He hopes to start a horse jumping organization in Saudi
Arabia where he could pass on his knowledge to kids.
"After all," he says, "life is about
learning-it is a never-ending process that keeps us
going." And no matter what happens at the Athens
games, Kamal says he feels like a success.
"As a child, I always imagined myself working
with the best people," he says. "At this point
in my life, I can look back and say that I achieved
that goal. Whether you are talking about jumping, investment
banking, or investigating the latest technologies, the
one thing I can say with certainty is that I have always
worked with the best people."
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