Venture 2010 Speakers

Dana Callow

Managing General Partner

Boston Millennia Partners 

Dana is the Managing Partner of Boston Millennia Partners. Prior to founding Boston Millennia Partners, Dana co-founded Boston Capital Ventures in 1982. Before that, he worked as a Senior Consultant at Braxton Associates, an international strategic planning firm that was formed by professionals from Boston Consulting Group and Bain & Co. He worked with Fortune 100 companies in strategic planning and implementing merger and acquisition strategies. Prior to working in the management consulting business, Dana worked in sales and marketing for Tymshare, Inc. (McDonnell-Douglas). He currently is Presiding Director and Chair of the governance committee of PAREXEL International Corporation (NasdaqGS:PRXL) a $1 billion plus clinical trials management company. He is, or has served, as a Director of a number of other public and private companies, including ILEX Oncology, Inc. (Nasdaq: ILXO), a cancer pharmaceutical company acquired by Genzyme for $1 billion; MedAptus, Inc., a mobile computing provider of clinical, financial and administrative software solutions to the medical community; and PHT Technologies, Inc., a provider of mobile and Web-based technology solutions to the pharmaceutical industry focused on clinical trials management. Other investment responsibilities included Glycofi Inc., (acquired by Merck, NYSE: MRK); HotJobs, Inc. (acquired by Yahoo, NasdaqGS: YHOO); iVillage, Inc. (acquired by NBC Universal, a subsidiary of General Electric, NYSE: GE); and Tektagen, Inc. (acquired by Charles River Laboratories, NYSE: CRL). Dana is a Director of Jobs for Massachusetts, a Massachusetts based non-profit organization comprised of business and political leaders including the Governor and Congressional leaders. He is a member of the Advisory Board of the Dartmouth/Tuck Center for Private Equity and Entrepreneurship. He is a member of the Board of Trustees and the Chairman of the Investment Committee at Tufts University and on the Board of Overseers at Tufts University Medical School. Dana is a magna cum laude graduate of Tufts University and holds an MBA from the Amos Tuck School at Dartmouth College

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Janet Cowell

State Treasurer of North Carolina

Janet Cowell is the State Treasurer of North Carolina. Elected in 2008, she is the state’s 27th popularly-elected Treasurer and is the first woman to win the post. As the state’s fiscal advisor, Treasurer Cowell oversees more than $67 billion in pension fund investments, affecting 820,000 public employees including teachers, firefighters and other government employees. Cowell and her staff manage the issuance of several billion dollars of debt each year and help cities, towns and counties by monitoring their financial condition while providing professional technical assistance on audit and financial reporting. Her expertise in government operations comes from hands-on experience as a member of the North Carolina Senate and the Raleigh City Council. Cowell is at the forefront of economic development in North Carolina, serving as chair of the State Banking Commission and on the boards of State Education and Community Colleges. An investment professional, Cowell earned an MBA from the Wharton School of Business and a Master’s degree in International Studies from the Lauder Institute. She worked as a financial analyst with HSBC Bank and Lehman Brothers before making her home in North Carolina.

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Jaime W. Ellertson
President
Gomez Division of Compuware

Jaime W. Ellertson has served as the President and CEO of Gomez, Inc. since 2005. In 2009, he led Gomez through a successful IPO registration and eventually sold the business to Compuware Corporation. Prior to Gomez, he served as the Chief Executive Officer and President and a director of S1 Corporation, a provider of software for the automation of financial transaction processing. He was Chairman of the Board and Chief Executive Officer of Interleaf, Inc., a provider of software tools for e-content management, from 1997 until its acquisition by Broadvision, Inc. in April 2000, after which he served as Executive Vice President and General Manager of Worldwide Strategic Operations for BroadVision, Inc., a provider of self-service applications, until November 2000. Mr. Ellertson has held director positions on the following boards: Gomez, Inc. (2005-2009), Danka Business Systems (2002-2009), S1 Corporation (2000-2005), Apropos, Inc. (2000-2004), Trigo Technology, Inc. (2001-2004), e-WatchDogs, Inc. (1999-2001), RoundArch, Inc. (1999-2000), E2B Solutions, Inc. (2000-2001), Interleaf, Inc. (1996-2000), Purview Technologies, Inc. (1996-1997), Openware Technologies, Inc. (1990-1995), Tartan, Inc. (1996), and Document Automation Corporation (1982-1987).

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Brad Feld

Managing Director

Foundry Group

Brad has been an early stage investor and entrepreneur for over twenty years. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures, a company that helped launch and operate software companies and later became a venture affiliate of the predecessor to Mobius Venture Capital. Brad currently serves on the board of directors of Gist, Gnip, Oblong, Standing Cloud, and Zynga for Foundry Group. Previously, Brad served as chief technology officer of AmeriData Technologies. AmeriData acquired Feld Technologies, a firm he founded in 1987 that specialized in custom software applications. Brad had grown Feld Technologies into one of Boston's leading software consulting firms prior to the acquisition. He also directed the diversification into software consulting at AmeriData, a $1.5 billion publicly-traded company which was acquired by GE Capital in 1995. In addition to his investing efforts, Brad has been active with several non-profit organizations and currently is chairman of the National Center for Women & Information Technology and co-chairman of the Colorado Governor's Innovation Council. Brad is a nationally recognized speaker on the topics of venture capital investing and entrepreneurship and writes widely read and well respected blogs at www.feld.com and www.askthevc.com. Notable companies that Brad has invested in and/or sat on the boards of include Abuzz (acq. NYT), Anyday.com (acq. PALM), Critical Path (CPTH), Cyanea (acq. IBM), Dante Group (acq. WEBM), DataPower (acq. IBM), FeedBurner (acq. by GOOG), Feld Group (acq. by EDS), Harmonix (acq. VIA), NetGenesis (IPO), ServiceMagic (acq. IACI), and ServiceMetrics (acq. EXDS). Brad holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology. Brad is also an avid art collector and long-distance runner. He has completed fourteen marathons as part of his mission to run a marathon in each of the fifty states.

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Noel Fenton

General Partner

Trinity Ventures

Noel has been part of the Silicon Valley venture capital community for more than 40 years. Prior to co-founding Trinity Ventures in 1986, he was co-founder of three successful technology startups, and CEO of two of them, Covalent Systems and Acurex. From 1983 to 1986, he led Covalent Systems from startâ€�up to a profitable $12 million sales level in three years. He led Acurex from 1972 to 1982 during a period when sales increased nearly tenfold to $65 million with continuous profitability. Noel’s active investments are BlueStripe Software, Blue Tarp Financial, ID Analytics, LoopNet, MyNewPlace, SciQuest. Noel is actively involved in the World Presidents' Organization and the Stanford Athletic Board, and is a past chairman of the Northern California Chapter of the Young Presidents' Organization and a past chairman of the American Electronics Association. He received his M.B.A. from the Stanford Graduate School of Business and his B.S. in Chemistry from Cornell University.

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Todd Forrest
Managing Director and Chief Financial Officer

Hummer Winblad Venture Partners

Todd Forrest is a Managing Director and Chief Financial Officer at Hummer Winblad Venture Partners. Todd joined Hummer Winblad in 2002. Todd is currently a board observer at GNi. Todd plays a key role in the structuring and negotiation of Hummer Winblad’s investments. Todd provides advisory services to portfolio companies in the areas of business strategy development, contract negotiation, corporate governance, financing alternatives, and cash management strategies. Todd is also responsible for Hummer Winblad’s financial, legal and operational matters and was instrumental in closing Hummer Winblad’s recent fund. Prior to joining Hummer Winblad, Todd was the Vice President - Finance & Administration at Critical Path, Inc., and a member of its Executive Staff. Todd worked closely with the corporate and business development teams in structuring multiple acquisitions and key partnership agreements. Todd oversaw worldwide financial planning, tax strategy, accounting, reporting, management information systems, treasury, and facilities. Prior to Critical Path, Todd was an audit manager at PricewaterhouseCoopers LLP, where he delivered advisory services to multi-national public and private companies primarily in the technology, telecommunications, and financial services industries. Todd is a member of the Private Equity CFO Organization, CFO Task Force for the National Venture Capital Association and the AICPA. Todd is a CPA and received a B.S. in Accountancy from Bentley College.

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Patrick Kerins
General Partner
NEA

Patrick joined NEA in 2006 as General Partner focusing on a broad range of information technology investments with particular emphasis on enterprise software, Software-as-a-Service, and Internet companies. Pat sits on the boards of ChannelAdvisor, Millennial Media, Spring Wireless and TidalTV. Prior to joining NEA, Patrick was General Partner of Grotech Capital Group where he specialized in high-tech investments and served on a number of boards including Advertising.com, CDnow, Fieldglass Software, Hillcrest Labs, SALIX Technologies, and Synchrologic.  Prior to Grotech, Patrick spent nearly 10 years at Alex. Brown & Sons as an investment banker for high technology companies.  At Alex. Brown & Sons, he was responsible for a range of financing and advisory projects including initial public offerings and mergers and acquisitions for high-tech companies.  Prior to that, Patrick was a consultant with McKinsey & Co.  Patrick served as an officer in the U.S. Navy where he spent substantially all his tenure on the staff of Admiral H.G. Rickover at the Headquarters of the Navy's Nuclear Propulsion Program.  Patrick is Chairman of the Mid-Atlantic Venture Association. He received a Masters in Business Administration, with Distinction, from Harvard Business School and a Bachelor of Science degree from Villanova University.

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James A. Mason, Jr.
Founding Partner
Parish Capital Advisors, LLP

Mr. Mason is one of the three founding partners of Parish Capital Advisors, LLP.  His experience stems from three professional roles:  (i) limited partner in private equity funds, (ii) direct private equity investor and (iii) merger & acquisition advisor to private equity groups. Prior to founding Parish Capital, Mr. Mason served as Director of Private Investments for Duke University Management Company (DUMAC) and was responsible for their private equity strategy, including sourcing, executing and monitoring investments. Prior to joining DUMAC, Mr. Mason worked at the investment banking firms of Houlihan Lokey Howard & Zukin and Bowles Hollowell Connor & Co., where he was responsible for managing middle market merger and acquisition assignments, primarily on behalf of private equity groups.  Mr. Mason began his career at First Chicago in a management development program where he worked in several areas including private equity.  After completing the management program, he joined First Chicago’s private equity group, where he focused on structuring $5 to $15 million private equity investments in middle market buyouts and growth equity transactions. Mr. Mason received a BS from the University of North Carolina at Chapel Hill, where he was a Morehead Scholar, and an MBA from Northwestern University’s Kellogg School.

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James E. Rogers

Chairman, President and Chief Executive Officer

Duke Energy

Jim Rogers is chairman of the board, president and chief executive officer of Duke Energy. Rogers has more than 20 years of experience as a chief executive officer in the electric utility industry. He was named president and chief executive officer of Duke Energy following the merger of Duke Energy and Cinergy in April 2006. Before the merger, Rogers served as Cinergy’s chairman and chief executive officer for more than 11 years. Prior to the formation of Cinergy, he joined PSI Energy in 1988 as the company’s chairman, president and chief executive officer. Rogers has served as deputy general counsel for litigation and enforcement for the Federal Energy Regulatory Commission (FERC); executive vice president of interstate pipelines for the Enron Gas Pipeline Group; and as a partner in the Washington, D.C., office of Akin, Gump, Strauss, Hauer & Feld. Prior to those appointments, he served as assistant to the chief trial counsel at FERC; as a law clerk for the Supreme Court of Kentucky; and as assistant attorney general for the Commonwealth of Kentucky, where he acted as intervener on behalf of state consumers in gas, electric and telephone rate cases. He was also a reporter for the Lexington (Kentucky) Herald-Leader. In the course of his career, Rogers has served more than 50 cumulative years on the boards of Fortune 500 companies. He is currently a director of Cigna Corp. and Applied Materials Inc. He has served as a director of Duke Realty Corporation, Cinergy Corp., PSI Energy, Bankers Life Holding Corporation, Irkutskenergo AO, Indiana National Bank and Fifth Third Bancorp. He is past chairman and ex officio member of the Executive Committee of the Edison Electric Institute; and current chairman of the Institute for Electric Efficiency. He serves as a member of the board of directors and the Executive Committee of the Nuclear Energy Institute, and is a board member of the Institute of Nuclear Power Operations and the World Association of Nuclear Operators (WANO). Rogers also serves on the boards of the U.S. Chamber of Commerce, the Business Roundtable, the National Coal Council, the National Petroleum Council and the Nicholas Institute for Environmental Policy Solutions. Rogers is chairman of the Edison Foundation and co-chair of the National Action Plan for Energy Efficiency and the Alliance to Save Energy. He serves on the board of directors and the Executive Committee of the World Business Council for Sustainable Development. Rogers is also a member of the Honorary Committee of the Joint U.S.-China Cooperation on Clean Energy (JUCCCE). He has testified 21 times on energy and environmental policies before congressional committees. In 2009, Rogers was honored with EnergyBiz magazine’s CEO of the Year EnergyBiz KITE Award (Knowledge, Innovation, Technology, Excellence). He was inducted into the inaugural Energy Efficiency Forum Hall of Fame by the U.S. Energy Association and Johnson Controls Inc. Rogers was also named 2009 Citizen of the Carolinas by the Charlotte Chamber of Commerce. In 2007, he was named the energy industry’s CEO of the Year by Platts and Business Person of the Year by the Charlotte Business Journal. Rogers also serves on numerous civic boards and has published numerous articles on energy and environmental issues. He is a board member of Foundation For The Carolinas and co-chair of an Arts & Science Council (ASC) initiative to enrich cultural resources in the Charlotte area. Rogers attended Emory University and earned a bachelor of business administration and a juris doctor degree from the University of Kentucky, where he was a member of the Kentucky Law Journal and Beta Gamma Sigma National Honor Society. He was named to the Hall of Fame at the Carol Martin Gatton College of Business and Economics and the Hall of Fame of the College of Law, both of the University of Kentucky. Rogers has been honored with various awards and recognition: The Jan. 5, 2009, edition of Newsweek named Rogers to The Global Elite list, "The 50 Most Powerful People in the World," saying “The CEO of Duke Energy could make dreams of renewable power a reality.” He received the 1996 Energy Daily Corporate Leadership Award; the 1998 Hebrew Union College Cincinnati Associates Tribute Honoree; the 2004 National Conference for Community and Justice (NCCJ) Distinguished Service Citation; the 2005 Keystone Center Leadership in Industry Award; the 2005 Ronald McDonald House Lifetime Achievement Award; the 2006 Human Relations Award from the American Jewish Committee, Cincinnati Chapter; and the 2007 Ellis Island Medal of Honor. Rogers has also received an honorary doctor of law degree from Indiana State University, an honorary doctor of business administration degree from Marian College in Indianapolis, Ind., and an honorary doctor of humane letters degree from Queens University of Charlotte. The Birmingham, Ala., native was born in 1947. Rogers and his wife, Mary Anne, have two daughters, a son and eight grandchildren. Duke Energy, one of the largest power companies in the United States, supplies and delivers electricity to approximately 4 million customers in the Carolinas and the Midwest. The company also distributes natural gas in Ohio and Kentucky. Its commercial power and international businesses operate diverse power generation assets in North America and Latin America, including a growing renewable energy portfolio. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK.

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Erik Sebusch
Portfolio Manager
UPS Investments

Erik recently join the pension plan investing arm of UPS in 2007. His position focuses on private market investments as an LP into private equity, venture capital, and real estate funds on behalf of the plan assets. Prior to that Erik worked in the Strategy Group in their venture capital arm called the UPS Strategic Enterprise Fund (SEF). The SEF was started in 1997 and is an early stage corporate strategic investor. Investing primarily for understanding and for learning about new technologies or market spaces, the UPS SEF was a form of innovation, advanced technology arm, and a look into the future for UPS. The SEF took equity positions in start ups and co-invested with venture capitalists in seed to early stage portfolio companies. Prior to the SEF Erik worked in the New Product Concepts Group, that looks for new products and innovative ideas for the future of UPS. Erik holds a patent from his work in New Product Concepts and spearheaded several new general service offerings currently generating large revenues to UPS. Erik earned his International MBA from Thunderbird, School of Global Management. He played rugby, was nominated for the Barton Yont Award (Academic excellence) and held several senior/presidential positions in business clubs on campus. He also was a Spanish language teaching assistant with Sigma Phi Iota awards. Prior to graduate school Erik spent over 12 years working for high net worth individuals in private practice and with Merrill Lynch’s high net worth Private Capital Group. In addition, he was involved in several entrepreneurial endeavors while in private practice. Erik is a frequent speaker and judge to various venture capital events and innovation panels. He is also on the boards of several start-up companies. Currently residing in Atlanta, Georgia, Erik enjoys mountain biking, mixed martial arts, emerging technologies, and travel. His travels have taken him globally where he also lived and worked in Korea and Thailand.

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Kevin J. Tunick
Vice President & Managing Director, Private Investments
UNC Management Company

Kevin J. Tunick joined UNC Management Company in 2008 as Vice President and Managing Director of Private Investments. Prior to joining UNCMC, Mr. Tunick was Manager, Private Equity at Harvard Management Company in Boston, MA, where he co-managed a $4.1 billion portfolio of alternative investment partnerships. Mr. Tunick was also Chief Investment Analyst of The Rockefeller Foundation in New York City, where he managed an $80 million short-term fixed income portfolio and a $3 million equity portfolio. Before the Rockefeller Foundation, Mr. Tunick was Manager of Partnership Fund Accounting at Commodities Corporation USA in Princeton, NJ, as well as the controller at American Handling Equipment, Inc. Mr. Tunick received a B.B.A. from the College of William and Mary in Williamsburg, VA and a M.B.A. from Pennsylvania State University in State College, PA.

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Jim Whitehurst
President and Chief Executive Officer

Red Hat

Whitehurst joined Delta Airlines in 2002, serving in various roles, most recently as Chief Operating Officer, responsible for Operations, Sales and Customer Service, Network and Revenue Management, Marketing and Corporate Strategy. Prior to joining Delta, Whitehurst served as Vice President and Director of The Boston Consulting Group (BCG) and held various leadership roles in their Chicago, Hong Kong, Shanghai and Atlanta offices. A native of Columbus, Ga., Whitehurst graduated from Rice University in Houston, Texas, with a bachelor’s degree in Computer Science and Economics. He also attended Friedrich-Alexander University in Erlangen, Germany, holds a general course degree from the London School of Economics and an MBA from Harvard Business School.

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Dick Williams

CEO,

Webroot Software, Inc.

Dick Williams is president and chief executive officer of Webroot Software. He brings to the role over four decades of executive and operational leadership experience for technology, software and digital media companies. Most recently Williams served as CEO-in-Residence at venture capital firm Accel Partners, where he worked with the Accel team to identify and analyze new ventures. In that role he also advised and assisted portfolio companies and their CEOs on all aspects of their business. Dick has worked as CEO or Chairman of several category defining companies funded by some of the most successful venture capital firms in the world. Most recently Dick has been Chairman of Hyperic, a leader in open source systems management software for today’s large Web, SaaS, and cloud applications and infrastructures. Hyperic was acquired by SpringSource Global in May 2009. Prior to that, Williams was CEO of Wily Technology, the leader in Web application management, which was acquired by CA (Computer Associates) in 2006. Earlier he was CEO of Illustra Information Technologies, a pioneer of object database technology, which was acquired by Informix in 1996. Dick then co-founded and served as chairman of Quokka Sports, an online immersive sports media company, which completed its initial public offering in 1999. Williams' executive leadership experience began at IBM, where he spent 22 years in a variety of sales, marketing, product and business management roles, including vice president for the company’s Data Systems and General Products divisions. He then served as president and CEO of Digital Research, which he turned around and later sold to Novell. At Novell Williams served as executive vice president of sales and support, and general manager of Novell’s Digital Research Systems Group. Williams is an outside director of Fortify Software, 3VR Security and Chairman of Altor Networks.

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Mel Williams
Co-founder
TrueBridge Capital Partners

Prior to co-founding TrueBridge Capital Partners, Mr. Williams was a Vice President of The UNC Management Company from 2001 to 2006.  At the UNC Management Company, Mr. Williams was part of the senior management team that managed the $2+ billion endowment for the University of North Carolina at Chapel Hill.  He had primary responsibility for UNC’s portfolio of investments in venture capital, leveraged buyouts, restructurings, real estate, oil and gas, and distressed debt.  In his role, Mr. Williams served on the advisory boards of several private capital partnerships.  Mr. Williams is a frequent speaker at global conferences on private equity investing and is also a guest lecturer at the Fuqua and Kenan Flagler Schools of Business on portfolio management theory and private equity investing.  Prior to his career at UNC Management Company, Mr. Williams spent five years in the private equity industry as a successful venture-backed entrepreneur and an Entrepreneur in Residence at a Boston based venture capital firm.  Mr. Williams was previously a manager with the General Electric Capital Company and the General Electric Corporate Audit Staff.  Mr. Williams received his MBA from Harvard after graduating cum laude with a BA in Economics from the University of North Carolina at Chapel Hill.

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Mark W. Yusko

President & Chief Investment Officer

Morgan Creek Capital Management, LLC

Mark W. Yusko is the President and Chief Investment Officer of Morgan Creek Capital Management, LLC, a registered investment adviser formed in July 2004 to provide investment management and advisory services based on the University Endowment Model of investing to wealthy families, individuals and institutional investors. As of August, 2009 Morgan Creek currently has $8.8 billion in assets under advisement in non-discretionary accounts and discretionary funds. Morgan Creek provides an “Outsourced CIO” solution to clients in need of a comprehensive investment solution, as well as a suite of manager-of-manager products to assist clients in building investment programs based on the University Endowment Model. MCCM provides best-in-class thinking about Asset Allocation, Manager Selection and Portfolio Construction through advisory relationships and discretionary investment vehicles. Currently, Morgan Creek offers eight discretionary funds: Morgan Creek Fund, Morgan Creek Partners, Co-Investment Fund, Asia Fund, Dislocation Fund, Opportunity Fund, Absolute Return Fund and BRIC Plus Fund. Additionally, Morgan Creek has formed joint venture partnerships with Salient Partners and Hatteras Partners to provide comprehensive investment solutions through a series of SEC registered investment vehicles. Prior to forming Morgan Creek, Mark served as the Chief Investment Officer for the University of North Carolina at Chapel Hill (UNC) from 1998 to 2004. Mark, and his team, founded the UNC Management Company (UNCMC) in July of 2002 to provide comprehensive investment advisory services to the University including strategic and tactical asset allocation, investment manager selection, manager performance evaluation, spending policy management and performance reporting. The Management Company was also responsible for providing Cash Management and Planned Giving Management services as well as aiding in the commercialization of University technology and real estate development projects. UNCMC also provided outsourced investment management services to select schools within the UNC System. Total assets under management were $1.5 billion, $1.2 billion of Endowment and $300 million of University working capital. Prior to joining UNC, Mark was the Senior Investment Director for the University of Notre Dame Investment Office, where he joined as the Assistant Investment Officer, in October of 1993. He worked with the Chief Investment Officer in all aspects of Endowment Management including asset allocation, investment manager selection, manager performance evaluation, spending policy management and reporting to the Board of Trustees. Mark was primarily responsible for portfolio construction and was actively involved in establishing and building strong programs in real estate, private equity and marketable alternatives. At both Notre Dame and at UNC, Mark co-founded the Applied Investment Management course where a select group of students actively managed a live equity portfolio. The class focused on the integration of academic investment theory and the practical investment management process, and has enjoyed tremendous success since inception. Mark received his Bachelor of Science Degree, with honors, in Biology and Chemistry from the University of Notre Dame in 1985 and a Masters of Business Administration in Accounting and Finance from the University of Chicago in 1987. Mark is an active speaker on investment topics ranging from asset allocation to manager selection, with a particular emphasis on the integration of alternative investments into traditional portfolios. Mark is an Advisory Board member of a number of private capital partnerships and alternative investment programs and has served as a consultant on alternative investments to a select group of institutions. He is currently a Board member of the MCNC Endowment, The Weaver Foundation and Carolina Meadows.

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