Company: Board of Directors
Marc Dulude
Chairman
Marc joined FirstRain investor Ampersand Ventures in 2002 from Moldflow Corporation, where he was President and CEO. Marc brings more than eleven years experience as a senior information technology executive, including serving as Senior VP of Marketing at Parametric Technology and in various positions at Nortel. Marc also serves as Chairman Proficiency. He holds an M.S. in Mechanical Engineering from Carleton University.
Bandel Carano
Director
Bandel L.Carano, Managing Partner, joined Oak Investment Partners in 1985 and became a General Partner in 1987. Bandel has invested in companies with emphasis on Wireless and Rich-Media communications (2Wire, Airspan, Avici, CommVerge, CoreTek, Endwave, FiberTower, General Bandwidth, Kratos Defense and Security Solutions, MobiTV, NeoPhotonics, Netopia, PictureTel, Plastic Logic, Polycom, Presidio, PulsePoint, Qtera, Sentient Networks, SmartDrive Systems, Tegic, Trapeze, and Wellfleet); Advanced Software Systems (Entropic, firstRain, Illustra/Informix, Sybase, Tele Atlas and Visto); Advanced Semiconductors (Actel, Airgo, CommQuest, Kenet, Level 5, NemeriX, Newport Media, nLight, Qpixel, Resonext, SMIC, Solarflare, Stretch, Synaptics and Virata); Design Automation (Centric Software, Interconnectix, Parametric, Synopsys and Tensilica) and Clean Energy Technologies (Aurora BioFuels, Boston-Power, eSolar, GreenVolts, NanoH2O, PML, ReliOn, and Sundrop Fuels). Prior to Oak, Bandel joined Morgan Stanley's Venture Capital Group in 1983. He was responsible for advising Morgan Stanley on high-tech new business development, as well as sponsoring venture investments. Bandel received BS and MS degrees in Electrical Engineering from Stanford University. He currently serves on the Investment Advisory Board of the Stanford Engineering Venture Fund.
Steven Walske
Director
Steve Walske led Parametric Technology Corporation (NASDAQ: PMTC) as the Chief Executive Officer from 1986 to 2000. Under his guidance, Parametric-a supplier of mechanical design and manufacturing software-established itself as one of the largest software-only companies in the world with revenues in excess of $1 billion. He guided the company from its start-up phase through its initial public offering in December 1989 to its position as market leader in mechanical design automation software. He holds an undergraduate degree from Princeton University and an MBA from Harvard Business School.
Charles Frumberg
Director
Charles Frumberg is the founder and managing partner of Emancipation Capital, an activist hedge fund focused on publicly traded enterprise IT companies. He brings more than 28 years of well-recognized experience with capital markets and research to the FirstRain board.
Before founding Emancipation Capital, Charles was the co-head of equities for SG Cowen Securities Corp., a leading investment bank specializing in technology and health care. Prior to joining SG Cowen, Charles was the director of United States equity research and co-head of global research at UBS Securities. Under Charles' leadership, Institutional Investor magazine selected UBS as a top-four global research firm. Charles started his career at Mabon, Nugent and Co.
In addition to the FirstRain board, Frumberg also sits on the boards of Trilogy Software and nSight Software.
Mary Henry
Director
Mary Henry was a partner and managing director of Goldman Sachs for over 18 years. Over the course of her tenure, primarily in the firm's Investment Research Division, Henry became one of the top ranked analysts on Wall Street and was named an Institutional Investor All-Star analyst. She was personally involved in financings that totaled tens of billions of dollars and spanned a variety of technologies, initial public offerings and strategic advisory work. Henry started her career at Centel Corporation and Washington National Corporation before joining Goldman Sachs, and received a BA in Economics and an MS in Journalism from Northwestern University.
Raman Khanna
Observer of the Board
Raman Khanna has 20 years of operating experience and 15 years of investment experience in information technology. Raman was named on the Forbes Midas List as a top 100 dealmaker in 2008 and 2009. He has been involved in many start-ups that had exits valued at over $1 Billion.
At ONSET, Raman is focused on software, internet infrastructure and digital media sectors. He currently serves on boards of Mixercast, Permuto, Serus, FirstRain and Nitronex.
Prior to becoming a managing director of ONSET, Raman co-founded Diamondhead Ventures in June 2000 where he led the firm's investments in Cavium Networks (IPO: CAVM), Reactivity (acquired by Cisco Systems), PassMark Security (acquired by RSA Security/EMC), Orative (acquired by Cisco Systems), Intraspect (acquired by Vignette), Serus, FirstRain and Nitronex.
Prior to Diamondhead Ventures, Raman worked at Stanford University for 16 years in various roles, including Chief Information Officer (CIO) and Chief Technology Officer (CTO). Raman also served on Advisory Boards of many global technology companies. During his Stanford tenure, Raman was actively involved with many high technology start-ups as an angel investor, advisor and board member. His portfolio included Berkeley Networks (acquired by Fore Systems), Postini (acquired by Google), Siara Networks (acquired by Redback), SupportSoft (IPO), Shopping.com (IPO), Selectica (IPO) and Entercept Security Technologies (acquired by McAfee).
Raman is one of the early charter members of The Indus Entrepreneur (TiE), the world's largest non-profit organization for entrepreneurs. Raman currently serves on the board of TiE Silicon Valley.
Raman received a B.S. in Electrical Engineering from Delhi University, an M.S. in Computer Science from Virginia Tech and an MBA from Golden Gate University.