Charley Lax

Who is Charley Lax?

Charley is the founder and Managing General Partner of GrandBanks

Capital and focuses on investments in Internet infrastructure, software

and software services, security and storage applications, media

technologies and services, financial technologies and services, and

wireless technologies and services. Charley’s investment career

includes investments in 42 portfolio companies, which have resulted in

26 exits thus far. His track record includes taking 15 companies

public, of which 10 achieved market caps in excess of $1 billion.

Charley currently serves on the boards of several GBC companies,

including Colubris Networks, Coradiant, CXO Systems, Ember Corporation,

Incipient, and manages GBC’s investment inOutStart.

Charley has sponsored and managed investments in Art

Technology Group (Nasdaq:ARTG), Backweb (Nasdaq:BWEB), 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), 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), and most recently, Connected Corporation (sold to Iron

Mountain, Inc.Nasdaq:IRM).