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General Information

Degrees

Boston University, BS 1982
Magna cum laude

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Board Member
Board Member
Board Member
Board of Directors

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Co-Founder and Managing General Partner
Founder

Former Financial Organizations

Founding General Partner

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Charles R. Lax

Charley is the founder and Managing General Partner of GrandBanks Capital, focusing on investments in Internet infrastructure, software and software services, security and storage applications, mobile media, financial technologies and services, and wireless technologies and services. Charley’s investment career includes investments in 48 portfolio companies, which have resulted in 36 exits thus far. His track record includes 15 companies that went public, of which 10 achieved market caps in excess of $1 billion. The combined value of exits during Charley’s venture career has been over $6.1 billion which includes the $4.3 billion purchase of GeoCities by Yahoo!. Charley was recently named one of the top 50 venture capitalists on the east coast by AlwaysOn. Charley currently serves on the boards of a number of GBC companies, including; GlassHouse Technologies, KnowledgeVision, SendMe Mobile, SilverRail Technologies, TIM Group.

Charley has sponsored and managed investments in Art Technology Group (Nasdaq:ARTG), Backweb (Nasdaq:BWEB)(sold to Oracle Corp), E*Trade (NYSE:ET), FreeLoader (sold to Individual Inc.), Firefly Networks (sold to Microsoft), GeoCities (Nasdaq:GCTY; sold to Yahoo!), Gamesville (sold to Lycos), GSI Commerce (Nasdaq:GSIC)(sold to eBay, Inc.), Impulse Buy Network (sold to Inktomi), Interliant (Nasdaq:INIT), InvesTools (sold to Telescan), Launch Media (Nasdaq:LAUN; sold to Yahoo!), Mainspring (Nasdaq:MSPR; sold to IBM), Email Publishing/Message Media (Nasdaq:MAIL), Multex Systems (Nasdaq:MLTX; sold to Reuters), Personalogic (sold to AOL), Talk City (Nasdaq:TCTY), TheStreet.com (Nasdaq:TSCM), Third Age Media (sold to MyFamily), Webhire, Yoyodyne Entertainment (sold to Yahoo!), Exactis (Nasdaq:XACT; sold to 24/7 Media), 1800Flowers.com (Nasdaq:FLWS), Connected Corporation (sold to Iron Mountain, Inc. Nasdaq:IRM), Colubris Networks (sold to Hewlett-Packard Company(NYSE:HPQ)), Incipient (sold to Texas Memory Systems (Nasdaq:TMS)), Coradiant (sold to BMC Software (Nasdaq: BMC)), OutStart (sold to Kenexa (NYSE:KNXA)), Vela Systems (sold to Autodesk (Nasdaq:ADSK)), and most recently Ember Corporation (sold to Silicon Laboratories (Nasdaq:SLAB) and Savored (sold to Groupon)

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Last Edited 3/10/14

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