Mike Baker, Chairman, Board of Directors
Mike has spent his career building companies as an investor, entrepreneur and senior operating executive, with over 20 years pioneering new digital media platforms. Most recently, Mike was Vice President of Nokia and Head of Nokia Interactive, the handset giant’s mobile advertising business unit. Prior to joining Nokia, Mike was the founding investor and later CEO of mobile advertising leader, Enpocket, which was acquired by Nokia in 2007. Mike came to Enpocket from venture capital firm Grand Banks Capital, which focuses on investments in new media, financial technologies, and internet infrastructure companies. Prior to that, he was Executive Vice President at CMGI and Engage Technologies, Inc., an innovator in online advertising and behavioral targeting, where he guided the company through its IPO, international expansion and over $2 billion in acquisitions.
Mike holds degrees in law and telecommunications management, frequently writes and speaks about digital media, and is a widely recognized thought leader in interactive advertising.
Ernie Cormier, Board Member & CEO
Ernie Cormier is the CEO of Nexage and responsible for the company’s strategic direction and business operations. He has built a successful career in wireless, digital media and content, software, and the Internet. He has a wide range of experience at both Fortune 500 companies and technology start-ups, including Virgin Media, Nextel Communications, and TradeOut, Inc.
John Albright, Board Member
John is Co-Founder and Managing Partner of Relay Ventures, an early stage venture fund exclusively focused on mobile software. Previously, John founded JLA Ventures in 1996. He raised $315 million over four funds from a diverse group of institutional investors. JLA Ventures invested in early stage companies that focused on digital media and SaaS. During his tenure in the venture capital business John gained extensive experience assisting entrepreneurs shape their vision and capital plans into successful long term growth programs which typically involved an aggressive financing strategy. John has a history of assisting entrepreneurial companies through significant growth and eventually to the public markets. His ability to work with and advise senior management of investee companies, as well as his skills in filling supporting roles where existing management lack the experience or skill set, has been vital to the success of past investments.
John currently serves as a director of QuickPlay Media, Nexage, Viewdle, Padopolis, Digby, Achievers, ClearFit and Blue Ant Media. In addition, John serves as a director of the Canadian Venture Capital and Private Equity Association (CVCA) and is an advisory board member of the North American Venture Capital Association.
John previously served on the board of Fun Technology (IPO 2003, acquired by Liberty Media 2006), Q9 Networks (IPO 2004, acquired by Abry 2008), Descartes (IPO 1997), Triple G (IPO 2001, acquired by General Electric 2003 ), Bioscrypt (IPO 2002) and Sirit (IPO 1998, acquired by Federal Signal 2010).
John is a Chartered Financial Analyst and received his Bachelor of Business Administration degree from the Schulich School of Business at York University.
Tim Wright, Board Member
Tim has over 20 years of operating experience in various technology industries. The combined value of the exits Tim has been involved with is over $17 billion. Tim has also overseen 39 mergers and acquisitions during his operating career. Tim brings a wealth of operational and technology experience to the team. Tim currently represents GrandBanks Capital on the boards of; Celtra, Achievers, Vivox, Inc and exit41 where he serves as Chairman. Tim also sponsored and managed the investment in xkoto (sold to Teradata in May 2010).
Prior to joining GrandBanks Capital, Tim held several key operating roles at Geac Computer Corporation Ltd. (TSX: GAC; NASDAQ: GEAC) serving as CEO of the company’s International operations (Europe, Middle East, Africa, Asia and Pacific), responsible for approximately $220 million of Geac’s $440 million in total revenue and responsible for managing 1,300 people in 20 countries. Geac was acquired by private equity firm, Golden Gate Capital, for $1.0 billion in cash.
From November 1999 through December 2002, Tim served as a Senior Vice President, Chief Technology Officer and Chief Information Officer at Terra Lycos S.A. (NASDAQ: TRLY; MADX: TRR), a company possessing the largest global footprint of any Internet group at the time. Tim was Lycos’ CTO at the time of its sale to Terra Networks, S.A. in 2000 for over $12 billion. With a presence in 42 countries and content in 19 languages, the company’s technology reached 116 million unique users per month. He oversaw 750 staff members in 10 development centers around the world and was responsible for managing a budget of over $350 million in capital spending and operating expenses. Tim was also responsible for the integration efforts of nine companies that were acquired by Terra Lycos during his time with the company, including Gamesville, a SOFTBANK Venture Capital investment led by Charley Lax.
From 1992 through October 1999, Tim was Senior Vice President and Chief Information Officer for The Learning Company (“TLC”) (NYSE:TLC). At TLC, Tim was responsible for the integration of 25 acquired businesses, culminating in the $3.8 billion sale to Mattel in May 1999.
Darcy Frisch, Board Member
Darcy Frisch is vice president at Hearst Ventures, the strategic venture investment arm of Hearst Corporation, one of the nation’s largest diversified media and information companies. Hearst’s major interests include magazine, newspaper and business publishing, cable networks, television and radio broadcasting, Internet businesses, TV production and distribution, newspaper features distribution, business information and real estate.
Since joining Hearst Ventures in 2000, Darcy has been involved with many investments in early stage digital media and information businesses including drugstore.com, XM Satellite Radio, Circles and MobiTV. She currently is a board observer at RAMP and she previously served on the boards of Sphere (sold to AOL in 2008) and Voxpop.tv (sold to IAC in 2011).
Prior to Hearst, Darcy was with the investment group E2Enet. She also held positions as a tax analyst at KPMG and as the legislative assistant for tax for U.S. Senator David Boren of Oklahoma. She received her undergraduate degree from Yale University and earned her MBA at the University of Virginia’s Darden Graduate School of Business.
Punit Chiniwalla, Board Member
Punit is currently a Director for SingTel Innov8 and is focused on the fund’s North American investment activity. Punit joins SingTel as a broad technology investor with a number of years of venture experience. He comes most recently from Panorama Capital where he was instrumental in the firm’s investments in JiWire, Fixmo and Tynt, Validity and Neoconix. Prior to joining Panorama, Punit led the technology team of the Frankel Commercialization Fund, a see stage investment vehicle focused on university spinouts where he sources the fund’s first investment, Arbor Photonics. Punit has also worked with RPM Ventures.
Punit’s operating experience includes more than nine years of business development, product and technology research in the areas of server technologies, devices, interconnect subsystems, and optoelectronic packaging most notably at IBM’s T.J. Watson Research Center in New York. He has authored a number of papers in each of these fields and has multiple US patents issued and under review.
Punit holds a B.S. from Carnegie Mellon University, a Ph.D. from Georgia Institute of Technology and an MBA from the University of Michigan where he was a Frankel Fellow and Mondry Scholar. He is also a graduate of the prestigious Kauffman Fellows Program where he remains active.