"It’s motivating that such talented and experienced executives are choosing to devote their time to identifying opportunity at our university."Linden Rhoads
UW Vice Provost—Commercialization
NEW VENTURES ADVISORS LEND THEIR EXPERTISE
C4C’s New Ventures team has created a vibrant network of expert advisors, including entrepreneurs, business executives, angel and venture capital investors, attorneys and others. This network is an invaluable resource for UW researchers as they are developing their business ideas.
Our highly effective Entrepreneurs-in-Residence (EIR) program invites veteran industry experts to join C4C for six to nine months at a time. During this period, they help identify technologies with commercial promise, and provide UW researchers with real-world insights about the commercialization process along with expertise in target markets, product development, and fundraising strategies. See current EIRs below.
Our new Capitalization Table Board of Advisors program will help UW start-up companies ensure that the structure of the start-up is appropriate for the business model and plan for the company. And it will help ensure the company is fundable and operational moving forward. See current advisors below.
Current C4C EIRS
Robert Barry has more than twenty five years of medical device experience starting at ground floor with manufacturing engineering and culminating in founding and leading of medical device companies. Robert has extensive experience taking class II & III products and teams from concept through market introduction. His core expertise includes identifying unmet needs and creating viable products/teams/companies to meet those needs. Robert has a reputation for leading inspired, efficient teams to on-time, on-budget delivery of novel medical devices. He is also an inventor on over 25 issued patents in the fields of cardiology, radiology, pulmonology and thoracic surgery, several of which resulted in viable medical devices that are still in use today.
Jacob Colker’s work with high-performing innovation teams has led to the creation of unique, industry-leading product experiences using Agile and Lean product development, user-centered design thinking research, and customer discovery techniques. In 2008, he co-founded and led San Francisco-based start-up Sparked.com, a crowdsourcing platform for communities and large brands. Today, the company has 15 employees and generates millions in revenue.
Jacob also co-founded HUB Seattle, a 25,000 square foot working space and entrepreneurial training center that has grown to house more than 500 entrepreneurs and innovators in Seattle’s Pioneer Square area. His work there included extensive teaching, coaching and mentoring of dozens of start-ups to help the newly-formed companies define customer problems, raise money, and solve product development issues.
Jacob’s entrepreneurial experience is not limited to the start-up product world. As a campaign consultant for several local and Washington state campaigns, he opened offices, hired staff, raised money, and handled media relations. In his part-time advisory role as a C4C Entrepreneur-in-Residence, Jacob will help UW researchers identify technologies with commercial promise, provide real-world insights about the commercialization process, and offer expertise in target markets, product development, and fundraising strategies.
Jacob received a Bachelor’s of Arts in Media Management from Columbia College Chicago and is currently pursuing a Master’s in Communications at the Johns Hopkins University.
Brian Howe is the founder and CEO of Impact Hub Seattle, a launch pad for purpose-driven ventures that has more than 500 active and paying members. At Impact HUB, Brian raised $700,000 in seed capital and grew monthly gross revenues to 600 percent in a one-year period. He also has developed partnerships with top sustainable MBA programs and social investment groups to launch a new center for impact entrepreneurship, with plans to open three expansion sites in 2014.
Brian is also a co-founder and senior partner with VentureScale.com, formerly known as GoodEnterprise.com, where he co-developed the concept for a social innovation firm offering revenue financing and technical services to early growth-stage impact businesses. He is a founding partner and advisor at business incubator Fledge.com, where he continues to provide advice to investee companies. Brian founded the Seattle law firm Vox Legal in 2009, which was sold to Apex Law Group in 2011. Today, he provides acquisition of new business clients for Apex, as well as limited counsel to clients. He received his law degree from Seattle University Law School and his Bachelor of Arts degree from Wheaton College in Wheaton, IL.
Robert V. Masterson‘s cultivation of innovative ideas has led to two life science startups and multiple biotechnology and consumer products. His entrepreneurial expertise spans product idea generation, development, and commercialization; startup business models and leadership; and presentations and messaging for investors to secure angel and venture capital backing.
Under his leadership as founder, CEO, and CSO of Tessera Diagnostics, the company attracted millions in funding to explore cancer diagnostics (now Onconome, Inc.). In 2006, he co-founded and served as CEO of medical device company Prevencio, Inc., advancing its technology through the development stage. He is currently leading the company’s commercialization and business development activities.
Robert earned a Bachelor of Science in Microbiology from the University of Washington and a Ph.D. in Molecular, Cellular and Developmental Biology from Iowa State University. A postdoctoral fellow at the Max Planck Institute in Cologne, Germany, he received a rare promotion to Group Leader, directing a molecular and cellular research program.
Giving back to the Northwest life science community aligns seamlessly with his past history of collaborating with fellow scientists in basic research, and in encouraging fellow entrepreneurs to commercialize applied research. Robert has been a member of the Washington State Biotechnology & Biomedical Association (WBBA) since 1994.
Mark Mendel is founder and principal of Mendel Consulting LLC. Previously, he was venture partner at Novita Therapeutics and served as vice president of strategy and operations at Novita spin-outs Flow Forward Medical and Metactive Medical. He has also served as director of invention development at Intellectual Ventures and as a consultant helping to nurture multiple biotech and medical device companies through their seed stage, including Proteon Therapeutics and ValveXchange, where he served as start-up CEO. Mark was managing director of RiverVest Venture Partners, which he co-founded, and founding CEO and chairman of the board of Auxeris Therapeutics. He served as a board member of CyDex (acquired by Ligand Pharma) and as a board observer at Conforma Therapeutics (acquired by Biogen-Idec), CGI Pharmaceuticals, Inc. (acquired by Gilead), and Xcyte Therapeutics (acquired by Cyclacel Pharmaceuticals). Before RiverVest, Mark was a Kauffman Fellow, then vice president with ARCH Venture Partners, where he established the firm’s New York City operations, co-led the seed financing at Optobionics, and served as board observer at Optobionics and GenVec. He worked in medical research at the Scheie Eye Institute and at Massachusetts General Hospital, in product development at ALYX Medical, and in manufacturing at Polaroid.
After earning his BS in mechanical engineering at Cornell University, Mark received his MSE and PhD in bioengineering from the University of Pennsylvania. He serves on the advisory board of Cornell Outdoor Education.
Craig W. Philips has over 25 years of pharmaceutical experience in the US and overseas with both big and small pharma companies. He has experience with development and commercialization of both small molecules and biologic agents in a variety of health sectors including: oncology and hematology, autoimmune diseases, cardiovascular disorders, antiviral, dermatology, allergy and others. Craig spent the early part of his career with Bristol Myers, and then held senior positions at both Schering Plough (now Merck), and Bayer Schering . Most recently, Craig was President at Cell Therapeutics, a company focused on the development and commercialization of new cancer therapies. Craig has broad industry experience and an extensive record in lifecycle management, commercializing new drugs and in both business development and partnership management.
Craig received a BSBA and MBA from The Ohio State University. He has been actively involved in the pharmaceutical industry organization in the US and overseas and was an industry Board member in Canada, Thailand and Australia. He was chairman of the Intellectual Property Rights Committee with the American Chamber of Commerce in Bangkok, Thailand. He currently sits on the Board of the Hope Heart Institute, a non-profit organization focused on the research and education of cardiac health issues.
Derek Streat is an accomplished entrepreneur who has co-founded or otherwise been involved at the earliest stages of four venture-backed technology companies. His most recent company, Medify, is an online medical research service that was inspired by his daughter’s battle with a rare disease. Medify is currently used by 1 in 10 doctors and was sold to a large online health network, Alliance Health, in 2012. Derek served as Senior Vice President of Corporate Development and Strategy for Alliance Health Networks, where he led the exploration, development and launch of new businesses, new markets, and strategic partnerships and transactions. He also served as co-founder and CEO of Adready, a venture-funded provider of hosted services that helped democratize the $5 billion online display advertising market. Prior to Adready, Derek was a member of the initial executive team at Classmates Online where, as VP of Strategic and Corporate Development, he was responsible for developing and executing the company’s growth, financing and liquidity strategies, including its 2004 sale to a public company. He also served as VP of Business Development and General Manager of Classmates’ advertising and media business.
As VP of New Ventures at Unitus, an investment firm focused on scaling financial services in emerging markets, Derek led the team responsible for launching technology-enabled businesses that empowered the poor to achieve and sustain economic freedom. He began his career as an investment banker and institutional research analyst with two firms: RBC Financial Group (formerly Dain Rauscher Wessels) and Roth Capital Partners.
Derek holds a Bachelor’s of Arts in Finance and Information Management Systems from the University of Iowa.
Stephanie Amoss, healthcare and medical device consultant
William R. Baker, senior pharmaceutical executive at Gilead Sciences
Patricia Beckmann, bioscience expert in research, operations, law and venture capital
Henry Berg, engineering executive and former director at A3 Alliance, LLC
Ronald Berenson, medical oncologist who founded biotechnology companies HemaQuest Pharmaceuticals, Xcyte, and CellPro
David Bluhm, founder and director of more than 20 high achieving start-ups
Gino Borland, serial entrepreneur and energy angel investor
Terri Butler, technology entrepreneur, former product developer at 3M Company
Jeff Canin, energy angel investor, former venture capitalist, investment banker, and wall street analyst and co-founder of three energy related companies
Tom Clement, co-founder and former CEO of Pathway Medical Technologies and board chairman of the WBBA
Brian Crowley, expert in building technology products, services and companies
David Croniser, former pioneer of diagnostic imaging at Siemens
Michael Cockrill, managing partner of Atlas Accelerator and former CTO of QPass
Tom Dawson, expert with more than 30 years experience managing, developing and commercializing new products, implementing operational best practices, lean enterprise systems for medical device, sensor & instrument, telecom and electronics firms
Steve Dimmer, co-founder and former CEO of Holaira and founding Vice President at Calypso Medical
Perry Fell, board chairman and former CEO of NanoString Technologies and co-founder of Seattle Genetics
Lars Johansson, an active Cleantech angel investor and the co-chair of Northwest Energy Angels
Alex St. John, founder of Wild Tangent and former Microsoft gaming evangelist
David Kaplan, electric vehicle entrepreneur previously at GridPoint
Deborah Kessler, former senior executive at Acucela and Rosetta Inpharmatics
Michael “Luni” Libes, serial entrepreneur and advisor to early-stage companies
Richard Mander, former executive at Apple, Human Ware, and Big Screen Live
Ken Myer, former CEO of the WTIA, co-founder of Interval Systems, and executive at Active Voice Corp and IBM
Rhonda Rhyne, industry leader and former CEO and VP in the health care field Thomas Schulte, veteran of medical device research and development at Becton Dickinson & Co.
Ted Weiler, a veteran of R&D and marketing of medical devices at ATL (Phillips), Physio-Control, and Olympic Medical (Natus)
Bob Wilcox, former senior biomedical executive at EKOS and LifeSpex
Chris Wood, a 25-year veteran in medical image post-processing and former executive at Picker International and Siemens Medical Solutions and co-founder at Confirma
Commercialization Board of Advisors
Commercialization Board Overall Chair
Alan Frazier is the founder and managing partner of Frazier Healthcare. Mr. Frazier assists with evaluating Growth Equity and Biopharma Venture investments. He has been integrally involved in growing several successful early-stage life science companies into national prominence, including Immunex, Affymax and Affymetrix. Mr. Frazier has led several successful investments for the firm such as Tularik and CV Therapeutic. Recently he has led the development of successful growth equity companies such as TridentUSA Health Services.
Therapeutics & Diagnostics Co-Chair
Michael Gallatin joined Frazier Healthcare in 2006 as Venture Partner to the Biopharma team. Previously, Dr. Gallatin was Vice President and Scientific Director of ICOS corporation, a former public biopharma company. Dr. Gallatin’s management responsibilities at ICOS included discovery, preclinical research, medchem and process chemistry groups including those that helped generate and support the worldwide registration and launch of Cialis. Subsequently, Dr. Gallatin helped found two Frazier portfolio companies: Cambridge, MA.-based Stromedix, which focuses on novel treatments for chronic fibrotic diseases, and Seattle, WA.-based Calistoga Pharmaceuticals, the first company to demonstrate clinical benefit of isoform selective PI3 kinase inhibition.
Therapeutics & Diagnostics Co-Chair
Carol Gallagher is the immediate past president and CEO of Calistoga Pharmaceuticals which developed a portfolio of delta-selective PI3 kinase inhibitors for the treatment of patients with cancer and inflammatory diseases. Gallagher joined Calistoga Pharmaceuticals in September 2008. During her tenure as CEO, Gallagher raised $80M in venturing financing, securing top-tier investors Frazier Healthcare, Alta Partners, Three Arch Venutres, Amgen Ventures, Quogue Capital, and Latterell Venture Partners. She advanced their lead molecule, CAL-101, into full development and secured a successful exit with the $600M acquisition by Gilead Sciences in April, 2011. Gallagher has over 22 years of experience in commercial and drug development roles at large and small biopharmaceutical companies.
Medical Devices Co-Chair
Trevor Moody has over 25 years of experience in the development, commercialization and funding of innovative, growth-oriented medical technologies. He was most recently a General Partner at Frazier Healthcare Ventures, a leading healthcare venture capital and private equity investment firm with $1.8 billion under management. For 8 of his 10 years at Frazier, Mr. Moody co-led the medical device team and became known as an active and well-regarded investor with particular depth in medical subsectors.
Medical Devices Co-Chair
Wayne C. Wager has been the Co-Chairman of WINGS since June 2012. Previously, Mr. Wager was a Managing Partner at Encompass Ventures. He has more than 19 years of venture capital experience, with a primary interest in medical information technologies. Prior to co-founding Encompass Ventures, he was a General Partner at Cable and Howse Ventures. From 1982 to 1983, Mr. Wager was a Venture Capital Associate with Hambrecht & Quist. From 1978 to 1981, he worked with Hewlett-Packard’s medical products group. He was also the Chief Executive Officer at Confirma from 2004-2009.
Capitalization Table Board of Advisors
The capitalization table board of advisors is offered as an opt-in resource to UW start-up companies. C4C has recruited a panel of top venture attorneys and other veterans representing the different roles in the innovation ecosystem to informally counsel founders on their initial decisions around allocation of equity in their start-up. These advisors are experts on best practice, current market norms, and deal terms.
Decisions on equity allocation and capitalization structure need to be appropriate for the start-up’s business model. They must be made such that the resultant company is fundable and will have the best opportunity to execute on its plan. Issues with the capitalization table can cause serious problems for start-ups when decisions were made without the benefit of conferring on best practice.
The C4C New Ventures group helps to prepare each team that presents to the board by providing foundational materials on capitalization table construction, coaching on advance preparation of a presentation on the contributions of founders to date, and the expected and needed contributions from founders, advisors, consultants, start-up management, and employees going forward. The format of each meeting is an open dialogue between the start-up team and the board of advisors.
David Clarke, a Partner in Perkins Coie’s national Business Practice, focuses on the representation of emerging growth companies, middle market businesses, public companies, venture funds and private equity funds. David’s practice emphasizes mergers and acquisitions, private equity and growth equity transactions, venture capital financings, public offerings and corporate governance. David works with privately held clients at all stages of development, serving as outside general counsel and as a key advisor on M&A and corporate finance transactions. In addition, David represents leading venture and private equity funds in portfolio company investments. David is a regular speaker on M&A, venture capital and private equity topics. .
Craig Sherman is a partner at Wilson Sonsini Goodrich & Rosati, where he focuses on corporate and securities laws, representing companies, venture capital firms, and investments banks in private placements and public offerings. Craig also has extensive experience in mergers and acquisitions, technology licensing, and domestic and international joint ventures. Craig began private practice in 1989 with Davis Polk & Wardwell in New York and Paris, and joined Perkins Coie in Seattle in January 1995. He became a director in the Kirkland office of Venture Law Group in December 1996 and was managing director of the Kirkland office from May 2000 until August 2002, when he joined Wilson Sonsini Goodrich & Rosati. He has been a member of the firm’s Policy Committee, Compensation Committee, Nominating Committee, and Finance Committee.
Sonya Erickson is a partner in Cooley’s Emerging Companies and Life Sciences practice groups and a member of the Firm’s Business department. She joined the Firm in 2008 and is resident in the Seattle office. Ms. Erickson’s practice encompasses the representation of emerging growth companies, established technology businesses and venture capital funds. Ms. Erickson has represented issuers and underwriters in numerous public offerings, has substantial experience in venture capital and other private financing transactions and has worked on technology-based strategic partnerships, collaborations and mergers and acquisitions. In addition, Ms. Erickson is corporate counsel for numerous private and public companies including Alder Biopharmaceuticals, Inc., ARZEDA Corporation, Blue Nile, Inc. (NILE), EKOS Corporation, EndoGastric Solutions, Inc., Ground Truth, Inc., Seattle Genetics, Inc. (SGEN), Varolii Corporation, and Zumobi, Inc.
Joe Wallin is an attorney and partner with Davis Wright Tremaine LLP. He focuses his practice on emerging, high growth, and startup companies. Joe frequently represents companies in angel and venture financings, mergers and acquisitions, and other significant business transactions. Joe also represents investors in and acquirers of businesses, and provides general counsel services for companies from startup to post-public. Joe is the founder and editor of StartupLawBlog.com.
Vikram Jandhyala is Professor and Director of the Applied Computational Engineering Lab at UW EE. He has published more than 150 papers and is founder of Physware, a venture-funded startup in electronic design automation. He currently chairs the UW EE Professional Masters Program and regularly presents technical short courses in industry, conferences, and national labs, and also presents seminars on entrepreneurship and research enterprise. He has served on the technical program committees of the Design Automation Conference, ICCAD, DESIGNCON, IEEE APS, and IEEE EPEP. He is a senior member of the IEEE and a full member of URSI Commission B and has served as a consultant to government agencies and contractors, large corporations, and startups. He has served as visiting faculty at the Indian Institute of Science, Bangalore and the City University of Hong Kong, Kowloon, and as a visiting researcher at the center for applied computing, Lawrence Livermore National Labs.
Patrick Stayton currently serves as the Washington Research Foundation Professor in the Department of Bioengineering at the University of Washington. He received his B.S. in Biology (summa cum laude) from Illinois State University in 1984, his Ph.D. in Biochemistry from the University of Illinois in 1989, and was a Postdoctoral Research Associate at the Beckman Institute for Advanced Science and Technology, also at the University of Illinois. Dr. Stayton’s eclectic research group works at the interface of fundamental molecular science and applied molecular bioengineering. His laboratory has fundamental projects aimed at elucidating the basic principles underlying biomolecular recognition, and connected projects applying these principles to medical applications in the drug delivery, point-of-care diagnostics, and regenerative medicine fields. He has published over 200 scientific papers. Dr. Stayton has a strong interest in translating the group’s research, has been awarded several patents, and is a co-founder of the startup companies PhaseRx Inc. based on his group’s drug delivery work, and Nexgenia based on their diagnostic work.
Scott Jacobson joined Madrona in 2007 and currently serves on the boards of Haiku Deck, Indochino, LUMO BodyTech, RewardLoop, and Yieldex, and is a board observer for AdReady, Animoto, BuddyTV, Decide, Mercent, Optify, Redfin, Sewichi, and ShopIgniter. Scott also served on the board of Jambool prior to its acquisition by Google in 2010. “I was attracted to Madrona because of the firm’s partnership approach to investing. As an early-stage investor, we are truly rolling up our sleeves and partnering with the entrepreneurs we back on a day-to-day basis. We really do invest a lot of ourselves in our companies.” Scott is particularly interested in consumer web, digital media, and mobile technologies that present opportunities for major disruption of large, established markets.