Richard S. Bodman (Chairman)
Richard (Dick) Bodman is an entrepreneurial businessman and investor. Dick is also Managing General Partner of VMS Group, which performs administrative & advisory services for venture capital funds, and General Manager of Bodman Oil & Gas, LLC.
Dick served as the Assistant Secretary of the U.S. Department of the Interior, and subsequently as Assistant Director of the Office of Management and Budget in The White House. After government service, he joined DuPont and served in several management positions in Textile Fibers and Corporate Finance. He then joined the Communications Satellite Corporation as CFO and subsequently served as President & CEO of Comsat General Corporation and President of Satellite Television Corporation. He later joined AT&T as Senior VP for Strategy & Development where he co-founded AT&T Ventures, and in 1996 he simultaneously acquired AT&T Ventures and became its Co-Managing Partner, retiring from AT&T.
Dick is also currently Chairman of the Board of Telecom Development Fund. Earlier board service included Reed Elsevier, Young & Rubicam, Internet Security Systems, Lin Broadcasting, Tyco International, National Housing Partnerships, Sandia National Laboratories, Boys & Girls Clubs of America, Morristown Hospital System and Naples Community Healthcare System. He received a B.S. in Engineering from Princeton University, and an M.S. in Industrial Management from M.I.T. He was a CPA and Partner at Touche Ross & Co.
Neal M. Douglas
Neal is an experienced businessman and investor. He has been a Venture Partner at the Telecom Development Fund since 2005. From December 1999 to October 2003, Neal served as the Managing General Partner of Spectrum Equity Investors, L.P., a venture capital firm investing exclusively in the communications industry. Neal was a co-founder of AT&T Ventures, the venture capital affiliate of AT&T Corporation, and has served as a General Partner since January 1993. From May 1989 to January 1993, Neal was a partner of New Enterprise Associates. Prior to this, he was an investment professional with Crosspoint Venture Partners and was a member of the technical staff at Bell Laboratories.
Neal has been involved in financing many communications companies, including Juniper Networks, VeriSign, Covad Communications, Ascend Communications, Software.com, TUT Systems, and Netro. Neal holds a B.S. in Electrical Engineering from Cornell University, an M.S. from Stanford University, and an M.B.A. from the University of California at Los Angeles.
Fred C. Brumbaugh
Stephen W. Foss
Stephen W. Foss is the Chief Technical Officer of PurThread Technologies Inc. He is also Managing Director of Nonwoven Network, a global developer of high performance fibers and fabrics for industrial applications. Mr. Foss has over 40 years of experience in developing and manufacturing specialty fibers and fabrics. He was previously the Chairman and CEO of Foss Manufacturing, a diversified manufacturer of synthetic fibers and nonwoven fabrics.
He has served on the boards of a number of private and public companies such as Ameron International and Tyco International, as well as not-for-profits such as the Dana Farber Cancer Institute, and the Institute for EthnoMedicine. Mr. Foss holds a Bachelor of Chemical Engineering degree from Rensselaer Polytechnic Institute and both a Bachelors and a Masters degree in Textile Technology with high honors from North Carolina State University.