Richard began his career on Wall Street in institutional sales and trading with Merrill Lynch and First Money Managers in the 1980s. Furthering his financial career experience, he moved to Silicon Valley and worked in securities with Franklin Resources, BOCL Securities, and Municicorp. Sack's qualifications were a natural fit for the burgeoning electronics networking industry. He linked with leading firms Hewlett-Packard, Castelle, and Max-peed during an historic time of growth.
As the fledgling Internet industry took hold, Sack was again at the “right-time, right-place” and worked with Wyse, Raimius Capital, and 2-Can Media as a key financial technology strategist. He was an advisor in many successful acquisitions including Intellicom's acquisition of Softnet Systems (NASDAQ:SOFN).
He has played the contributing role of General Partner for a boutique private equity fund and founded a successful banking practice specializing in financing public and private companies.
New York Institute of Finance – 1983-84 Bond and Securities training
Preparation for NASD exams including the series 7, 63, 24, and 52
State University of New York - Economics
State College of New York - Economics, Sociology, History
LICENSES AND CERTIFICATIONS
Held Series 7 and other Securities Licenses
Trained and certified in Sales by Acquired Excellence Defined, a renowned sales training consultant group
American Management Association - Named as an outstanding young management candidate representative of 1978
Kellogg School of Management - Northwestern University - Entrepreneur in Residence
Co - Authoring a book with Professor Whitaker titled: Behavioral Entrepreneurship Basics "So... you want to be an Entrepreneur?" that will be published by Kellogg and Northwestern University Press.
Entrepreneurial philosophy being developed into ongoing seminars at Kellogg School of Management with Professor Scott Whitaker -Scott T. Whitaker who holds positions as Associate Adjunct Professor of International Business & Markets and Associate Director of the Larry and Carol Levy Institute for Entrepreneurial Practice at the Kellogg School of Management. He is a Kellogg alumnus and graduate of Princeton University.
Advisory board member, Collegiate Entrepreneurs' Association, St. Louis University Chapter Co-Chair, Andrew Fehlman
Cal State Northridge - Worked with Business School Department Chairman William Jennings on ideas to improve MBA education program.
Arizona State University - Asked to advise and evaluate curriculum at Carey School of Business by Dean and Department Chairs. Advised the school in new ideas in teaching finance and management. Project limited due to time constraints. Co-development of graduate thesis ideas for ASU History students with Dr. Kyle Longley, Chairman of Graduate Studies, Department of History.
San Jose State University - Invited Guest Lecturer in Economics for Dr. Ed Stringham, and Dr. Ben Powell professors of economics. Also lectured to SJSU's International Business Master's candidates in informal sessions .
CORPORATE EXPERIENCE 1980 to CURRENT
New York, New York:
Instructional Research Services Inc., NY - An equity research sales firm to Wall Street
First Money Managers Inc., NY
Government Securities Institutional, NY - Brokers' Broker,
Merrill Lynch Securities, NY - Trading Department
Los Angeles, California:
BOCL Securities Inc. - Operations / New Accounts and Account Transfer Manager
MuniciCorp Securities Inc. -Municipal Bond Department: Retail Liaison and Bond Broker
San Jose / Silicon Valley, California:
Franklin Resources Inc. - Dealer Services Representative
Private Ledger Securities Inc. - Stockbroker
WS Griffith Securities Inc. - Stockbroker
Gagner - Toomey Associates Inc. - Inside Sales Representative
Simon and Co., - CDC Imprimis disc drive Distributor
Maxpeed Incorporated, Sales and Purchasing Departments
An early pioneering internet ISP, hosting and domain name company. After leaving Hewlett Packard, the managing director worked at System V and was mentored by Bill Gitow, a noted pioneer in Internet History (see below). He learned about the Internet firsthand from an Gitow while advising him on business decisions and strategies. System V was one of the pioneering firms in the ISP, web hosting and domain name businesses. The managing director advised Gitow on the sale of the URL webtv.com to Bill Perlman for a large allocation of Microsoft Stock for example. The managing director headed up the peripheral inside sales group in the company, and worked with Mike Hernandez, an experienced IT integration expert.
Years later Richard Sack was asked by Gitow to help in the capital raising and merger efforts for Intellicom. This action directly lead to Intellicom’s acquisition by Softnet Systems, a nasdaq listed company whose stock skyrocketed to over $50 a share after the merger.
Following is “Taken from Wikipedia" Bill Gitow co founded Netcom while at System V and also founded Webtv.com while at System V. NETCOM On-line Communication Services was an Internet service provider established in 1988 by Bob Rieger, an information systems engineer for Lockheed and Bill Gitow of System V.
Netcom started off in San Jose, California as a service to allow local students to access university networks off-campus. The original accounts were all dialup shell accounts on Xenix Intel 80386 Tandy PC's, with email addresses in the format of user@netcom.com. Netcom soon served 95% of the San Francisco Bay Area.
Early history of Gitow of System V and Webtv ( Webtv.com ) was originally founded by Bill Gitow. Founded in 1995, WebTV Networks began life as Artemis Research. Perlman brought along co-founders Bruce Leak and Phil Goldman shortly after conceiving the basic concept.
Castelle Inc. - Inside Sales www.castelle.com
Responsibility for sales in all channels for Western half of America as well as product development of Lanpress product with head product engineer. Coordinated with the director of marketing in channel sales and development of the Lanpress product line.
Helped design and create new feature sets and new products for the company's Novell Print Server Line, called the Lanpress, with the engineering department.
Responsible for sales of well over $20,000,000 of the $400 per unit Lanpress and Jetpress product lines in one 24 month period. These sales accounted for a large part of the companies total corporate sales during this time. This phenomenal sales success allowed the company time to invest in its struggling fax server line and go public. Corporate sales were flat and even down-turned in the Lanpress line after departure proving key contributor value in one of Silicon Valley's best inside sales feats.
Hewlett Packard Inc. - San Jose, CA - Mass Storage applications service departmentThis department configured mass storage applications for field applications engineers (FAE's) company wide. The department handled technical questions from FAE's on a variety of mass storage topics.
Intelnet Inc. - Campbell, CA - Worked in Sales and purchasing with this established Compaq reseller and Systems Integrator.
CO-FOUNDER or MANAGING PARTNER
Groundswell Venture Group, LLP -This advisory firm had several successful clients and also made profitable investments into private and public companies. Some private equity investments came from Dresdner bank officers from advisory work. The firm also incubated several companies including Low Rate Phone Inc., a long distance telecommunications company with over 100 employees in a joint venture with state and local welfare to work agencies.Groundswell Venture Fund I-The fund was a closely held boutique Private Equity Fund. The fund's investments had successful unrealized gains, and other investors were successful in investing directly in client companies of Groundswell Venture Group LLP.
Groundlevel Securities, was the branch office NASD registered Investment banking branch of a larger Broker-Dealer and investment bank. The firm had several brokers, who specialized in raising private equity for corporate clients and funds. The firms partners also ran a private equity fund that invested in companies including incubated Low Rate Phone Inc. as one example. Series 24 principals were employed by the firm as investment bankers.
Dacrow Capital Group LLC. - A boutique sized private equity company that made 3 very successful investments and other transactions.
RJ Communications Inc. - A successful Delaware corporation that consulted to over 50 companies in 4 years. Wilson Sonsini took an equity interest in the company.
VentureStreet Capital Partners LLC. Advisory firm Managing Partner for 7 years. The firm had hundreds of documented clients.
AG Capital Holdings www.agcap.com - Partner, AG Capital is a privately Held Merchant Bank
The manging partner worked several years with this firm as an associate and advisor. He was made Partner in 2004 and retired in 2006.
Co – Founder, Managing Partner, JR Capital Partners, LLC. - Stategic and business advisory firm www.jrcapitalpartners.com
Commercial Real Estate development, Hanover Pacific LLC. -Chief Financial Officer 2008 (CFO)
Co-Founder and Managing Director Capital Markets 2007
The Managing Partner is the co - founder and partner of a commercial and residential real estate development company. The firm is a leader in the development and construction of for sale and rental housing for the academic, municipal and corporate workforce through ground lease partnerships. Hanover works in partnership with redevelopment agencies, corporations, and academic institutions in unique relationships that limit the traditional liability and market risk associated with real estate market downturns. The firm develops in other traditional real estate development models as well. He was promoted to CFO in 2008.
CONSULTANT AND ADVISORY EXPERIENCE
Genmobie Inc. www.genmobi.com Genmobie is one of the first protection and social network browser portals for young children to young adults. Here is what CEO Mike Schultz said of JR Capital Partners: "Working with JP Capital partners is more than just a financially rewarding experience. It is a course in Business Ethics, Strategic Planning, Operations, Relationship Management and Network Theory all rolled into one amazing experience.
Leave your egos at the door because no matter who you are, what you have accomplished and what you have to offer - these guys have done all that before, only three orders of magnitude greater.
I know that my experience with JP Capital Partners has and is making me a better businessman, a better person and more whole. Having fun while succeeding is something on a level I have never experienced before makes me one of their biggest fans.
GenMobi Technologies Michael J. Schultz, CEO and Co-Founder www.genmobi.com
Environmental Business Cluster – Consultant www.environmentalcluster.org
The Environmental Business Cluster (EBC) is a non profit clean energy and environmental technology commercialization center located in San Jose , CA . The (EBC) and its twin the Software Business Cluster are a joint venture between the City of San Jose Redevelopment Agency and San Jose State University.
Through our varied services and multiple resources, the Cluster assists emerging clean energy and environmental technology companies in reaching the market. The EBC provides business assistance programs to resident and non-resident companies and aids in the formation of technology partnerships and industry networks. During its 12 year history, the Environmental Business Cluster has helped more than 120 businesses commercialize and market their products and services.
Puder Enterprises - Consultant advisory www.danielpuder.com .
Puder is the next generation of athlete -entrepreneur. Business school educated and Mixed Martial Arts Trained, Puder is a top Ultimate Fighting Contender for the Title. Puder is also corporate Internet entrepreneur, promoter, athlete manager and is soon to be a movie producer. His ambitions and talents are as boundless as his personality. The managing director is currently working with Puder on developing a few projects.
Co-Founder Eaton Consulting www.eatonconsultinginc.com
A whole food, nutraceutical and specialty food advisory firm that provides clients with focused strategies for product placement into the following sales channels Natural Food/Specialty Food/Chain Grocery/Independent Grocery Chain Convenience/Mass Merchandisers/Chain/Chain Specialty stores.
CEO Eric Eaton writes this regarding JR Capital's managing partner: "There is one thing Ive learned to sum up my experience with the managing partner "Respect." He continues "Respect for people; respect for self. Like the original beatitudes, learning and practicing these will lead towards great rewards.
Respect is what I learned by associating with the managing partner. The way he conducts his business and his life is an example of leadership by integrity, focus and thoughtfulness. He draws from a vast pool of experience and knowledge that he has honed into a wisdom beyond any other I have witnessed. JR's managing partner has taught me how incorrect the conventional belief of business not being personal is by constantly reminding me "Business is all personal, very personal". He has shown me the importance of building strong relationships with other business people in all venues by developing trust, loyalty, and a place where your word is your promise is your bond. Again, he does this by example.
As I work with the managing partner, I am constantly humbled by his accomplishments, vision, insights, and abilities to build teams of outstanding people who work together to successfully achieve goals. He is a man of action with no tolerance for mediocrity in himself nor his associates. Thus he both gives respect to and commands the respect of the people he has dealing with. On a final note, I must add that my life, both personally and professionally, has be made better since meeting the managing partner. He has broadened my perception of the world and of myself."
Consultant on investments
Ramius Capital - NY, NY
JR Capital's managing partner while at RJ Communications, was called for acquisition advice of Yurie systems by Lucent by Peter Cohen and Jeff Solomon of Ramius Capital www.ramius.com. Ramius Capital principals also made investments into RJ Communications advisory firm clients and the managing partner's own start ups. Some of the client firms were www.usaserve, www.kidssafety.net and Intellicom (Intellicom was bought by Softnet systems (nasdaq symbol "sofn") through the manging partner's direct efforts in engaging Kaufman Brothers in New York.(see below) JR Capital's managing partner introduced Ramius principals to Mediaplex Inc's co-founder, and well known entrepreneur Glen Argenbright. During Argenbrights tenure as VP Finance at Intellicom, and after, Ramius made multi-million dollar investments into other subsequent Argenbright projects Jotter www.jotter.com, Todays Communications and other companies such as Saflink Systems. Argenbright is now a VP and the former President of Saflink Systems in Washington State. (nasdaq SFLK)
Worked at consultant to Intellicom - Capital Raise of $500,000 and acquisition of 14 plus million dollars in cash and stock is credited to the managing partner of "JR Capital Partners" via a documented letter from Softnet to the managing partner thanking him and crediting his actions. Information on Softnet Systems nasdaq ticker symbol (sofn). Softnet Traded as high as $54 a share from the acquisition of Intellicom.
JR Capital's managing partner participated in finacial advisory referrals of the company's own private placement (The managing partner saved Intellicom from bankruptcy as an in house consultant in a 500k private placement raise)
He is also documented by Softnet Systems in an out of court settlement to have been initially directly involved in finding the key Invesment Banking relationship that set up the acquisition to Intellicom by Softnet Systems www.softnet.com for $14,000,000. JR's managing partner found and Introduced Intellicom to Youssef Bennani at Kaufman Bros. L.P. He also was an early co-ordinator in the project. This was a key merger at the time in Silicon Valley as Softnet's stock went to $54 a share and investors and shareholders in both companies made huge realized returns.
Bennani explained why the fit was so right for Softnet below in an article:
"It's very expensive when you're in the middle of nowhere," said Youssef Bennani, vice president of investment banking at New York-based Kaufman Bros. L.P. who played matchmaker in the deal. "Intellicom's technology will enable SoftNet to provide the lowest cost Internet access to their customer base who are difficult to reach. That's why we thought this made a perfect pairing.
Description and history of SoftNet Systems, Inc. - The Company engaged in the business of providing broadband internet services. The Company currently operates in single business segment, satellite-based Internet services and very small aperture terminal ("VSAT") equipment sales through its wholly owned subsidiary, Intelligent Communication, Inc. (Intellicom)
The managing partner of JR Capital raised $500,000 for Intellicom Series A and other bridge loans that literally saved the company from insolvency. He is also credited for finding the Investment Bank Kaufman Brothers http://www.kbro.com/ that lead to the acquisition of Intellicom by Softnet.
These actions saved Intellicom and made millions for the institutional and retail investors, and millionaires of the management of the company.
"The impact is disproportionate to the size of this acquisition," said Lawrence Brilliant, SoftNet president and CEO. "The definition of our business will change. This will cut our operating costs dramatically, about one-third."
JR Capital's Managing Partner is well known for being able to identify key mergers, and has done so many times in his career. He is also known as an expert in being able to understand many industries, business models, business plans, for both merger and direct investments for client firms in an advisory capacity. Through his efforts many companies have gone public and or found liquidity events.
Negotiated the acquisition of R J Communications by Tricomm Inc.
Co - Founded a BDC (Business Development Company) (1940 Act) company.
Advisory Board Member: Mark Stahlman and the Humanity Fund.
MARK STAHLMAN is a venture capitalist who has been focused on next generation computer/networking platforms for the past 25 years. He co-founded the Newmedia Laboratory, NYNMA, the Non-Linear Circle and Technorealism. He was also the investment banker at Alex Brown & Sons who brought America Online and Creative Labs public and the first Wall Street analyst to recommend Sun Microsystems. Stahlman now works at Caris and Company.
Was asked by Craig Johnson to join Garage.com as an early investor because of his reputation as an early technical business analyst in the 1990's.
Mr. Johnson has been recognized by Business Week as one of Silicon Valley's top 25 "movers and shakers" (1997), by Red Herring Magazine as one of nine Silicon Valley "top power brokers", (1999), participated in investments as an invited early angel in Garage.Com. www.garage.com.
Everynote Inc.www.everynote.com Sheet music download from the world's largest digital music library!
Vice President Corporate and Strategic Development, AppliedETM, Inc.
AppliedETM is a software technology company whose premier product, PartnerOnline, is a fully integrated data collection, archiving and retrieval system that is designed to address, in one platform, todays extensive compliance, auditing and data security requirements.
JR Capital Partners is a contract advisor to Stephen Waldorf of Waldorf Associates.
Sophisticated Investor and Insurance Company CEO Stephen Waldorf is head of one of the oldest and largest insurance companies for non profit, and church organizations the US. He has invested in several of the managing partners opportunities. Waldorf has also retained the managing partner for advisory services for analysis into his other private equity investments including Verb, ticker symbol VEI (Toronto Stock exchange) and Huntington Telecom. www.hunt-tel.com
Advisor to: CDT Technologies - Santa Clara, CA - CDT, a fabless semiconductor company. CDT developed Internet email telephones and other consumer devices. CDT was Incubated and funded by Techfarm for several million dollars. The managing Partner advised the CEO on product development, market analysis and technical features of their "Internet Phone" product.
Advisory work to Wyse Technology and its President - Wyse Technology: In 1994, the managing partner advised the President of Wyse on the rollout of the new Wyse citrix product called the Winterm. Because of the managing partners reputation in product analysis and sales in many industries, he was invited by the president of Wyse to give advisory services, and attend a 2 day seminar for sales and marketing for Wyse employees on the Citrix Winterm project. Included in the retreat were extenseive training in sales, and marketing strategies. The managing partner was asked to give marketing analysis and recommendations for the Winterm product roll out through established sales channels. He was also asked to give suggestions for the creation of new sales and channel strategies. The fondness for the Wyse president was memorialized in a gift of rare signed Harvey Penick golf books.
Advised CEO System V on license sale of Webtv.com URL to WEbtv for one million dollars plus of Microsoft stock.
Financial advisory and advisory board member to Powervision systems www.pvsi.com a Tivo competitor.
The managing director was involved in many early internet caching, video and software compression companies and ideas too numerous to mention. Including but not inclusive are a company that organic caching, edge caching, PDA caching (Ireactor), object oriented caching, satellite caching (Intellicom and others) software caching, (Softtrack). He is an acknowledged expert in any video compression and caching industries. Advice was solicited during the 1990's by many companies such as and including Pulsent. Partner was asked to visit, invest and advise www.pulsent.com, a video compression software company. These are but a few of the literally hundreds of sub-industries in the Internet and dot com arenas and thousands of companies the managing partner has been involved with during the heyday of the Internet and related Industries.
Advisory work to ESI systems, an early internet security and and software company utilizing Keystroke protection.
Consulted to first CEO www.perform.com, now called Workstream.(Workstream Nasdaq ticker symbol WSTM)
Co-Founder and Board Member of Pinpoint Incorporated with Dan Henderson and Fred Herz. Read below:
Pinpoint Incorporated a pioneer in collaborative filtration and personalization.. Pinpoint holds the following major Internet Patents:
U.S. PATENTS
5,351,075 Home video club television broadcasting system
5,734,720 System and method for providing digital communications between a head end and a set top terminal
5,754,938 Pseudonymous server for system for customized electronic identification of desirable objects
5,754,939 System for generation of user profiles for a system for customized electronic identification of desirable objects
5,758,257 System and method for scheduling broadcast of and access to video programs and other data using customer profiles
5,835,087 System for generation of object profiles for a system for customized electronic identification of desirable objects
5,951,623 Lempel- Ziv data compression technique utilizing a dictionary pre-filled with frequent letter combinations, words and/or phrases
6,020,883 System and method for scheduling broadcast of and access to video programs and other data using customer profiles
6,029,195 System for customized electronic identification of desirable objects
6,088,722 System and method for scheduling broadcast of and access to video programs and other data using customer profiles
6,460,036 System and method for providing customized electronic newspapers and target advertisements
6,571,279 Location enhanced information delivery system
Press release: "Pinpoint Incorporated, a PhoneTel Patent Services incubated company, owns several fundamental patented technologies in the fields of customer relationship management and personalization. These include video on demand, Internet personalization, data mining, compression, user data privacy, data pre-caching, profiling and targeting. PhoneTel provides Pinpoint with a wide range of services supporting the expansion and commercialization of their patent portfolio."
News Release: Thursday 17 October 2002, 20:33 GMT Thursday 17 October 2002
TECHNOLOGY BUSINESS -Pinpoint Incorporated
Pinpoint Incorporated awarded patent for passive / implicit profiling by the United States Patent and Trademark Office
Fort Worth, Texas - Pinpoint Incorporated was awarded its eleventh US patent in the areas known as implicit or passive personalization, user profiling and customized content delivery. Patent No. 6,460,036, issued Oct. 1 by the U.S. Patent and Trademark Office, covers a system by which personalized recommendations are made to a user based on their previous interaction with an electronic content provider.
Using Pinpoint technology, an interest-profile is created for each user based on their personal history of accessed content. Each user's interest- profile is compared to the profiles of available content and a customized selection of content items is generated which is likely to be of interest to an individual user. The technology has broad applications in targeted content delivery for personalized electronic news, advertising, product recommendations, television programming and other E-commerce applications.
Additionally, the results of an online search can be customized and ordered based on a predicted level of interest. The technology protected by the Pinpoint patents lies at the heart of the burgeoning field of customer relationship management (CRM) now estimated to be a 43 billion dollar industry.
Daniel Henderson, President and founder of Pinpoint Incorporated said, "We live in a world with 600 television channels and billions of web pages. With the overwhelming quantity of data that can be accessed electronically, finding the right information is like finding a needle in a haystack.
Pinpoint's passive profiling and powerful analysis tools deliver relevant information targeted to the needs of the end user. We are committed to provide people with a richer, more personalized online experience and a more efficient, trusted market place for E-commerce."
Frederick Herz and a group of world-renowned professors from the University of Pennsylvania developed the Pinpoint technology. The technology includes more than 40 issued and pending patents worldwide, including US Patent numbers 5,758,257; 5,754,939; 5,835,087; and 5,754,938.
Pinpoint's development effort predates hundreds of other patents and software solutions in the field of personalization and content delivery. Pinpoint patents are cited as prior art by many companies, including:
AltaVista, Amazon.com, America Online Inc., Ask Jeeves, AT&T, Bell Atlantic, British Telecom, Canon, CBS Corporation, Cisco, Digital Equipment, Ericsson, Expanse Networks, Fujitsu, Hewlett-Packard, Hitachi, International Business Machines, Intel Corporation, Lucent, Matsushita Electric, Miramar Corporation, MCI WorldCom, Micron, Microsoft Corporation, Mitsubishi, Motorola, NCR, NEC, Netscape Communications, Nokia, Nortel, Northern Light, NTT, Openwave Systems, Oracle, Phillips, Qwest, Raytheon, Sabre, Sharp, Siebel Systems, Siemens, Sony, SRI International, Star Sight, Sun Microsystems, Telcordia, Toshiba, Unisys, The University of Kansas, The University of Minnesota, Verizon, Walker Digital, Walt Disney Corporation, WebTV networks, Xerox, and Yahoo.
In a survey sponsored by the Personalization Consortium in 2001, it was determined that more than half (56 percent) of the respondents said they are more likely to purchase from a website that allows personalization.
"Online marketing has now entered a stage where personalization is the rule, not the exception," said Don Peppers of Peppers and Rogers Group, co- chair of the Personalization Consortium. "Savvy marketers will need to provide consumers the convenience of customization, show consumers its benefits, and earn the consumers' trust by carefully guarding all their personalized data."
About Pinpoint Incorporated
Pinpoint Incorporated is a privately held company based in Fort Worth, Texas that owns patented and patent pending technology solutions related to profiling and targeting, customer relationship management, personalization, data mining, user data privacy, data pre-caching, location aware wireless devices and other solutions relevant to electronic content delivery. Daniel Henderson, President and founder of Pinpoint Incorporated, was formerly Assistant to Dr. Kazuo Hashimoto, one of the most prolific inventors in history. Hashimoto was an early pioneer in active/explicit personalization for television content delivery with his issued US Patent 4,745,549 filed in 1985. For more information, contact Pinpoint Incorporated at +1-817.338.0004 or info@pinpointincorporated.com
"Pinpoint is personalization"(R) All registered and unregistered trademarks in this document are the sole property of their respective owners.
Distributed by PR Newswire on behalf of Pinpoint Incorporated:
Ireactor Inc. a pioneering collaborative filtration software company. Collaborative Filtration involves profiling and recommendation features found within and without the Internet. Ireactor also held patents in many important industries. Please see Pinpoint Inc. above.
Ireactor held some of the Internet's most important patents now used by companies such as Amazon, Vingette, Net Perceptions, and Tivo. JR Capital's managing partner negotiated licensing agreements and incubation offers on behalf of Ireactor with Tivo and Replay networks on behalf of Ireactor. The managing partner successfully cashed out of pinpoint.
Partner - Board Member Indofil Corporation
Contracted with Indofil for business development and strategic planning. Indofil was a major company in the multi level nutraceutical industry with thousands of representatives worldwide. Its president was named multi-level entrepreneur of the year before jointing Indofil.
M.H. Meyerson Contracted business development/investment banking relationship with M. H. Meyerson Inc. a major broker dealer. www.mhmy.com
Co Founder and CEO, Low Rate Phone Inc. www.lowratephone.com
Low Rate Phone, was a flat rate long distance phone company. The company was Co-Founded with the The State of California Del Norte County incubator. The company employed over 150 employees and decreased the local unemployment rate by 5% during its operation. The company trained and employed state welfare recipients thus taking them off the welfare and into more productive lives.
Consultant to Tracy Freeney CEO of AmeriVision Communications, Inc in business modeling, business development and Investment Banking strategies.
Worked for Solar Power entrepreneur Peter Lynch on Blue Phantom, an Internet record company co-founded by Keith Richards. Consulted with Mr. Lynch on several deals. Blue phantom also pioneered Sound Archeology(tm), SA-3(tm), a revolutionary leap forward for making CD's sound equivalent and superior vinyl records.
Pony Express Inc. - Oldest Courier and logistic service in the United States.
Acted as contributing financial consultant and advisory role to two Pony Express CEO's. the Pony Express is the lineal descendant of the orginal famous old west pony courier service in the 1800's. Through his efforts, the one and only original Pony Express, (nasdaq otcbb PYXP) went public.
Financial and Strategic Advisory
The managing partner through his past funds has invested in some of the most attractive small businesses run by experts in merchant banking.
One example of his extraordinary private equity investing acumen was investments made into www.varsitylogistics.com and other very attractive well run firms.
Sunrise Securities - Working with VP Trading/Finance in Join Venture relationships.
Cornell Capital http://www.cornellcapital.com/ Joint development Projects with VP Corp Finance
Westminster Securities NY,NY. Working in a Joint Development role with a Managing Director of the firm.
Gaming And Entertainment. www.gaming-group.com(Ticker: GMEI) - Contracted to assist the company in a financial and business advisory role
Industry Insite - Industry Insite was an online service that provided tools to assist people in developing professional networks based on their affinities. Asked to give analysis and advise in finding and introducing Investment Banking relationships to the company.
Strategic advisory role:
Oven Digital - www.oven.com
Consulted to Henry Bar-Levav, and Oven Digital on business development and finance.
Oven Digital was offered a buyout and financing offer from a bulge bracket investment banking relationship negotiated by through a close associate of the managing partner who is an influential Wall Street individual.
Bar-Levav is a pioneer in the web design industry and Silicon Alley in New York. Taken from press release: "Henry Bar-Levav is a pioneer of the commercial Internet in New York. In 1996 he founded the Internet consulting firm OVEN that grew into the largest privately owned company of its kind in the world. From its eleven offices in four continents, OVENs 300-plus employees provided advanced technologies including software development and systems analysis for clients including Tiffany & Co., IBM, AT&T, MoMA, and Sullivan & Cromwell." Henry now works at http://www.missionassurance.com/about_team.html
Advised Royal Body Care CEO Clint Howard ticker (ROBE) www.royalbodycare.org
Prodigy - Involved with one of the first Internet service provider-computer promotions. Worked with a SVP at Prodigy Acer Computer consultant, and a transaction financing company to put together a free computer for paid ISP subscription.
Strategic and Financial Advisory and Merger finder for Brigadoon.net -
One of the first non-profit, organization-based Internet service providers. Brigadoon merged with one of the first advertising business model free ISP companies Bigger.net. The Managing Parter was instrumental in finding the merger candidates and facilitating the merger.
2-Can media - Asked by Peter Cohen of Ramius to work with 2-Can and their Investment Banker Cameron Lion Securities . The Managing Partner was asked to raise capital for 2 Can and work with Cameron Lion.
The Managing Partner of JR Capital Partners was put on the advisory board of Cameron Lion while he worked at RJ Communications. JRCP's managing partner introduced Chris Farmer, the erstwhile VP of SG Cowen with the Head of Cameron Lion. Famer left Cowen and worked with Cameron Lion. Farmer and Cameron Lion obtained both funding and merger buyout term sheets for 2-Can from such firms as Bear Sterns. 2-Can was eventually bought by CMGI for tens of millions of dollars with Cameron Lion as their credited and contracted Investment Banker.
Cameron Lion Securities- Advisory board member, and advisory - investor to Cameron Lion clients
As advisory board member, the managing parter created a partnership of a well known investment banker from Cowen SG( Chris Farmer) and the lawyer principal of Cameron-Lion. Cameron Lion represented amongst others 2-Can media. 2-Can was a pioneer banner ad company founded and run by Ryan and Chad Steelberg: who now run dmarc. www.dmarc.net Chad and Ryan Steelberg, are young Internet millionaires who invented the Smithsonian award-winning technology managing advertising used by AOL, Netscape, Yahoo and other major web sites. They also bought several rep firms, hiking revenues from 8 million to 40 million. 2-can was ultimately sold to CMGI for huge returns.
Financial Strategy and strategic advisor to CEO Adam Guild and InterepInteractive Inc. www.interepinteractive.com CEO Adam Guild.
Strategic Advisory to Thin Disc Media Inc.
Thin Disc media Inc.
http://www.theregister.co.uk/2000/12/05/thin_and_flexi_disc/
http://www.forbes.com/2000/12/01/1201thindisc.html
http://www.findarticles.com/p/articles/mi_m0BDW/is_16_42/ai_73409605
The Register > Management > Thin and flexi disc to battle CDs/DVDs
“You can wrap it round a beer can.” by Lucy Sherriff More by this author
Published Tuesday 5th December 2000 13:55 GMT
Free white paper - Backup-to-Disk Planning Options
A US start-up has developed a digital disc five times thinner than a standard CD and flexible enough to wrap around a beer can or slot into a magazine without breaking.
Matthew Leek, Thin Disc Media's co founder, estimates that the discs will cost about half as much to produce as regular CDs and says that their use in promotional campaigns will need much less planning.
Initially the company will be focusing its sales efforts on the media, entertainment and marketing industries, but Leek says that his disc will have other applications. He told Forbes that it could be used to store safety information about power tools or prescriptions and be wrapped around the device or bottle of pills.
On the down side, the disc needs an adapter to be played in standard CD/DVD players. No doubt this will be a stumbling point in the battle to persuade people to switch formats. Manufacturers will also need specialist machinery to print the discs.
Thin Disc Media, a company so new it doesn't seem to have a web site yet, is optimistic. It raised $4.1 million from private investors and Hollywood based production company Rainmaker Digital, and is now trying to get another $20 million together to finish building its factory. (R)
Nethelp Now Inc. - A Leader in the In third party tech support during the Internet boom. The managing partner was Strategic Advisory and in house investment banker to: Larry Goldberg CEO and NETHELP NOW - Nethelp was a growing Call Center tech support firm to many dot com's and computer companies. JR Capital Partner's managing partner was the exclusive finance and strategic advisor for the Nethelp for about a year while at RJ Communications.
Financial and Strategic Advisor to Planet X.
Advised Planet X - games CEO and mothernature.com founder Ross Love. Love asked the JR Capital's Managing Partner while he was at RJ Communications to be on the advisory board of Planet X and help with strategic and financial advisory.
Contracted advisory to
Havana Group - (Ticker HVGP) A publicly traded oil company. www.surgeglobalenergy.com
Strategic Advisory to:
Hydro Environmental Resources (NASD Ticker HYVR) www.hydrogenerate.com, a revolutionary Hydrogen energy company. The MP found merger offers for Hydro with famous Lockheed B-2 Stealth engineer and technical pioneer. Hydro eventually was sold to a restaurant chain millionaire.
Hydro Environmental Resources, Inc.. The Company's principal activities are to design, build and manage inexpensive and environment friendly fuel and power producing systems. The Company primarily offers the products to remote areas which are without electricity, cooking fuel, fresh water or power of any kind. The Company is in the development stage. The Company has acquired the rights of ElectroChem Hydrogen Fuel Reactor(ECHFR), a technology that produces clean burning hydrogen gas at low pressure from any water source.
Contracted advisor to:
Internet Express, Inc. Large regional DSL and dial up Internet Service Provider in San Diego County. www.ixpres.com
Contracted advisor to:
2dognet. - 2dognet was a filtered ISP and portal for children
Kidz.net - Children based filtration portal
Spooze Inc. - Spooze is an emerging Commodities Trading software company. The managingpartner's efforts through his Investment Banking relationships allowed the company to go public. (Ticker SPZI) www.spooz.comGL Energy (ticker symbol geex)
Bigger.net Inc., One of first Ad supported Free ISP'sConsulted to Bigger.net - One of the first free ISP banner advertising-based Internet service providers.
"When @bigger.net announced the launch of its service, on January 23, 1997, it generated the kind of news buzz that most start-ups can only dream of. "The announcement could change the business of connecting people to the Net," gushed USA Today, one of hundreds of newspapers, magazines, and TV shows to cover the story."
Funded and Advised Surfaway Internet Services - a regional ISP Mayberry USA! and Dr. Phil Scheldt
Consultant to Mayberry USA one of the first major filtered ISP's in the USA. The managing partner was a contracted consultant to 2 CEO's of Mayberry USA. He also has been a consultant to Dr. Phil Schedlt, the second CEO of Mayberry. on many of his other projects.
While CEO of Mayberry www.mbusa.net and assigned to other projects. Scheldt, a former VP of such firms as Curtis Mathis TV, and Griffin Securities, was on the NASD arbitration board. Scheldt is also an accomplished musician and conductor including conducting the Sound of Music with Julie Andrews on Broadway. Dr. Scheldt is also the inventor of the Sony Jumbo-tron, and is an expert on the trade mark and licenses business in music and other industries.
Mayberry USA www.mbusa.net, is an award winning Internet service provider that is still in operation. The managing partner was hired as a strategic advisor for 2 successsive management teams of this major ISP and pioneer in filtered ISP solutions for families
Netsafety Corporation - Investements made through RJ Communications into Netsafety
Safety.net was dot com name for Netsafety Corporation . From a press release
Today's announcement concerned the signing of a contract with Net Safety USA. Net Safety is introducing a "DeskTop Cop PC". This reasonably priced computer is specially designed and configured for children.
NetSafety expects to distribute 300,000 PCs loaded with child-oriented software and filtering, along with a private labeled version of the Crayon Crawler children's web browser by December 31, 2000.
Surfaway Inc. www.surfaway.net - Was the ISP owned by Netsafety CEO Jeff Fortin. This company was also consulted to and briefly owned for a time via contract terms by the managing partner as were all assets per the funding agreement terms.
Strategic Advisory - King Thomason Group - www.kgth.com Medical Credit Card pioneer and Insurance company(Ticker: KGTH)
USA Serve INC. ISP Backbone hosting corporation. Instrumental strategic advisory for www.usaerve.net -A web hosting and ISP wholesaling corporation. Stock owner of said firm. Created joint venture agreements with several firms for USA Serve. Company owned a state of the art backbone center. Through the managing partners efforts,the company obtained an investment bank who raised capital and allowed the company to grow.
Joint Venture advisory role with Bond Capital Management NCA/NDA and deal sharing agreements signed.
Infracor www.infracor.net Finance advisory role. InfraCor is a technology based firm that, through its subsidiary InfraCor of Virginia, specializes in the provision of construction products and services. In fiscal 2002, it reported revenues of $14.9 million.
The company's particular expertise lies in the area of installing and the rehabilitation of subsurface pipelines using trenchless technologies. It provides its services to developers, corporations and homeowners. InfraCor is headquartered in Richmond, Virginia.
Verbal Joint Venture agreement with Northernlight http://www.northernlight.com/
Warrior Limited - Advisory contract; Warrior Girl is an rising name brand ladies apparel company
Artfield Investments Advisory and NDA contract
JV and Advisory role with the CEO Cast www.ceocast.com JV and other business contracts signed.
Analog Consulting Inc. Development agreement signed
John Folger Bridgewater Consultants Group CEO - contract for all his related companies
The Research Works - Joint Venture agreement signed
Strategic Capital Advisors NDA/NCA and joint venture agreement signed
C Montgomery Investment Banking Joint Venture Agreement signed
JCM Enterprises Joint Venture Agreement signed
Advisory agreement and or NDA with Eurobanc Corp signed
NDA/NCA and joint venture funding agreement with PRP Cash referral agreement with Multi Business Investments Inc.
Lion Capital NDA/NCA and joint development work.
Ayre Trade Investments - Advisory on potential mergers and other advice to CEO Tim Ayer. Paperwork signed.
Prime Health, Inc. - Advisory and merger contract, funding contract
E-Total Source, Inc. through Pacific Bay financial
Capital Mediation, Inc. Full Financial advisory contract advisory agreement with Cash 2 Trade
Paid agreement with Omicron (Ticker: OMCN) - funding to the company came from wall street relationships of the managing partner.
Pacific Bay Financial joint venture work
Consolidated Energy - advisory and referral work
Contract with American General Mortgage (ticker AMGN) to do joint venture and strategic advisory
Advisory agreement signed with Interactive Gaming group inc.
Contract strategic advisory role Owner of Assets via funding contract
PLG Consulting Joint Venture discussions
Strategic Advisory contract with Frame Max, Inc. An established southern California metal framing company
Etelecharge.com - verbal and or NDA agreement with this transaction processing software company
Acrecity.com NDA and or agreements signed
Globaltv.com NDA and or agreements signed
Amalganet NDA and or agreements
Strategic Advisor - Advisory Board member to:
Citi411.com www.citi411.com Full Consulting Agreement to a college portal webspace company. Citi 411 also was venture funded.
Penta Water Consulted with CEO, asked to invest declined
Dixon Oil company DNXO Full consulting agreement www.dixonoilandgas.com
Loan Funded and advised Netsafety usa Inc. - Had joint venture with www.crayoncrawler.com
Surfree.com
The managing partner did advisory work for surfree.com www.surfree.com was a unique major regional ISP VC funded by Bill Hambrecht.
Pagetool.com - Advised via paid contract www.pagetool.com
Foranything.com www.foranything.com advisory work
Advisory work for Capco Oil ticker CGYN www.capcoenergy.net
Advisory work for Casavant Mining (Ticker CMKI) Mining companies
Essentiawater - www.essentiawater.com Contracted Advisory services for award winning bottled water manufacturer. Continental Beverage Ticker COBN
Was asked to work with www.priceline.com, co founder Jay Walker by bankers at CIBC. Was introduced to Walker and so advised.
Advised Investment Bankers at Bear Sterns, CIBC, and Cowen SG into institutional private equity deals. Worked with Richard Lukage at Bear Sterns on telecom projects.
Consulted:
Digital and Wireless (Ticker DWCM)
Impact Beverage Inc.(Ticker IMPV)
Consulted to www.pricewize.com
Contract with United Carbon - www.unitedcarbon.com Black Coal refinery
House of Brussels Chocholates - CFO Advisory www.brusselschocolates.com
Adtech - advisory of CEO
Strategic and financial advisory role:
Auctionout.com - www.auctionout.com Paid consultant flown to New York to consult with Ebay competitor. Advised their joint venture partner the famous Catacosinos family on Internet ideas in board meetings during this time.
Blue Kiwi - Discussions for advisory initial contract done but no follow up.
Advised Sound Archeology - also called SA3 technology, SA4 audio throughout Blue Phantom joint venture and years later individually. A technical company that resulted in vinyl audio quality from compact discs. (CD's). "SA-3 has pioneered many other technical advances as well and should be looked at more closely by Venture Capitalists", according to the managing partner. "The founder is a genius but like many founder high tech geniuses, he fails due to his cantankerous personality"
3D audio - Asked by Mark Stahlman to invest in 3d Audio and 3d sound company and to work due diligence report on the company business model.
Scour - Advisory role to VP of www.scour.net
Dork.com - www.dork.com advisory board member and entrepreneur in residence role. Was named King Dork.
Advisor to CEO of Crosswalk – pioneering government services Internet company similar to goveworks.com
Storecom - asked to advise and raise capital for medical information and xray networking company.
Softtrack - Internet caching and horse racing software company
Consultant to Artistsdirect.com and Amerilinx www.amerilynx.net
Advisory role to www.theglobe.com. Researched and offered turn around strategy to the company's senior management.
Consultant to co founder www.golfers.com and other golf sites who was a wealthy early employee of www.snap.com and other lucrative Internet companies.
Consulted to CEO www.ewonders.com, asked to invest
Consulted to CEO www.ewanted.com, asked to invest
Consulted to www.alexa.com. Pioneering Silcon Alley company in New York
Consultant to www.ewonderfullife.com . Fascinating womens portal run by an entrepreneur who had celebrity endorsements and celebrity written articles. Writers included Sharon Stone, Jane Seymour Gwenn Steffani etc. Partner was asked to invest and advise a board member, the CFO and CEO of Envisionnet, a major tech support company, with contacts with Etoys and Microsoft.
Consulted with and did contract with www.adz.net one of the very first Internet banner advertising companies ever.
Advised Internet hosting pioneer Deepak Jain http://www.ai.net/corp_info/index.htm
Asked by Sonic Trading www.sonictrading.com to advise and invest.
Was asked by Craig Johnson to Join Garage.com and invest in deals and work with Tea Nam at Venture Law Group.
Consulted with Amerivision CEO on investment banking and capital raising.
Asked to invest in www.hecklers.com
Asked to invest in www.callinear.com
Asked to invest in www.arius3d.com
Asked to invest and consult to Visiongateway.com (ticker vgwa)
Asked to invest and consult to www.ewanted.com
Agreed to consult and invest in ticker (gmsv) www.americanfireretardant.com American fire retardant.
Asked to invest in Starvox communications by its VC, turned down due to time constraints
Advsied Ticker symbol MLAR CEO Bob Thistle asked to invest
Asked to consult with Javo Beverage ticker symbol JAVO -
Asked to consult with Icy splash beverage IFBV -
Was asked to consult to Internet America ticker symbol GEEK via their investment banker
Advisory role and JV partner with The Cervelle Group www.thecervellegroup.com, was on the advisory board for a time.
Joint Venture agreement NDA deal sharing with www.capitalpros.com
Advisory work:
Aquagen www.aquagen.com advisory work to CEO Joanne Clinger, see also www.zeroplus.com and www.drinkperfectwater.com
Kellog School of Management
Student statements from the Entrepreneur in Residence Program
Student #1 graduate with superior communication skills.
I am currently seeking career advice from a number of sources. I have held conversations with the managing partner over the past few weeks and found his input to be the most valuable. As we began our conversation, the managing partner asked questions and relayed experience and suggestions. He
recognized my strengths and weaknesses almost immediately and was able to pinpoint careers that have interested me most since beginning my career search. He has proven to be a valuable resource with a profound understanding of a myriad of industries.
Having recently graduated, I have poignant recollections of various likes and dislikes of university programs. The managing partner has actually addressed the issues and offered solutions. Because of his inherent knowledge of diverse industries and the human experience in them, he has the skills to find the most important problems in any given system and create alternatives and solutions to these problems. He has given me stellar advice and unique suggestions in my career search and Ive learned quite a bit about entrepreneurship from him.
His knowledge base, intelligence, and creativity have provided me with options and leads. He undoubtedly brings these assets to every situation he encounters and endeavor he pursues.
I am grateful for the conversations and the progress he has helped me make. The managing partner is an invaluable resource in every situation and his advice and guidance has been been essential, insightful and unparalleled. I wholeheartedly believe in his abilities and I am certain that any consultation with him would yield significant results.
Sincerely,
AK
University of Wisconsin Graduate
Student #2 Statement MBA student with 6 years experience as a major private equity firm now studying at Kellogg.
Brief Outline of Phase 1 work
I have spent the last month working with the managing partner on personal and professional development. The focus of the work has been mainly to better understand the ingredients for personal and professional success as well as the potential next steps for me to achieve my goals.
Brief Discussion on Teaching Style
The managing partner has been one of the only mentors to openly criticize my naiveté in pursuing a lofty goal without the full understanding of the implications of my decisions. His intentions have been good. His Socratic teaching method has forced me to evaluate alternatives "outside the box" of
normal business interaction. This teaching methodology has also enabled me to retain more of what I learn (mainly because I am the person identifying the point) The managing partner has also forced me to really think deeply about specific issues.
The managing partner has provided numerous stories and anecdotes that substantiate and provide color to the topic discussed. This has also improved my retention of material. More importantly, the stories, often tangential to the topic discussed, force me to apply my own knowledge and
understanding to a specific situation. I am forced to "find" congruent stories in my own caches of experience and extrapolate behavior that reinforces his points. This learning method has been exceptionally successful.
Key Takeaways abbreviate from pages of notes.
1. Deliberate planning - hierarchical and experiential planning.
2. Business is a reflection of culture and background - know your audience!
3. Self-Awareness (personal) - "filling the gaps" in my skill set; what is my comfort zone?
4. Self awareness (professional) - experience provides you with the confidence to understand the ingredients for business success ( e.g. Who are my suppliers? What are the cultural implications of my decision?)
5. Team building - recipes for successful and unsuccessful team building
6. Entrepreneurship - leadership and trust0
7. Implementing change - issues to consider
8. Reactive mind methods - personality tells, what one can and cannot work with based upon ones own reflection in the mirror.
9 Career trajectory
10. Failure / legal issue how to make the best decisions to prevent unfortunate outcomes. Failing well and for a reason sometimes is good.
JD - Kellogg MBA Student
Advisory board member to:
Collegiate Entrepreneurs' Association, St. Louis University Chapter Co Chair Andrew Fehlman
States Fehlman of the Managing Partner
"A mentor and a friend. You will never find of greater respect with so much business knowledge. If you listen, he can teach you how to become successful in the world of business and finance. More importantly, he will teach you how to accomplish success with class, something lacking in today's society. I am an undergrad junior business student, and I have learned more from him than I ever will in any class."
