Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > James Woolsey and Richard Foster join Lux Capital as venture partners: Former CIA Director and former McKinsey Senior Partner help Lux Capital expand its Energy and Life Sciences investment practices

Abstract:
Lux Capital, a leading venture capital firm, today announced that the Honorable R. James (Jim) Woolsey and Richard (Dick) Foster have joined the firm as Venture Partners. Woolsey will help identify novel breakthroughs and new investment opportunities in Energy that offer significant economic and environmental benefits, and can help end America's addiction to foreign energy resources. Foster will leverage his experience and network to seek new technologies and business models for Life Sciences and healthcare IT investment.

James Woolsey and Richard Foster join Lux Capital as venture partners: Former CIA Director and former McKinsey Senior Partner help Lux Capital expand its Energy and Life Sciences investment practices

New York, NY | Posted on April 26th, 2011

"We are excited to bring Jim and Dick onto the Lux Capital team," said Josh Wolfe, Managing Partner at Lux Capital. "Both are first-rate individuals, experts with tremendous intellect and a track record of meaningful success. They will be hugely valuable in working with our existing portfolio of more than 20 private companies, as well as attracting and advising the remarkable entrepreneurs and innovators we seek to back."

Mr. Woolsey is a Venture Partner with Lux Capital and Chairman of Woolsey Partners LLC. He also Chairs the Board of the Foundation for Defense of Democracies and is a Senior Fellow at Yale University's Jackson Institute for Global Affairs. Mr. Woolsey currently chairs the Strategic Advisory Group of the Washington, D.C. private equity fund, Paladin Capital Group, and he is Of Counsel to the Washington, D.C. office of the Boston-based law firm, Goodwin Procter. In the above capacities he specializes in a range of alternative energy and security issues. Mr. Woolsey previously served in the U.S. Government on five different occasions, where he held Presidential appointments in two Republican and two Democratic administrations, most recently (1993-95) as Director of Central Intelligence. From July 2002 to March 2008 Mr. Woolsey was a Vice President and officer of Booz Allen Hamilton, and then a Venture Partner with VantagePoint Venture Partners of San Bruno, California until January 2011, during which time he sourced the firm's investments in Tesla (Nasdaq: TSLA) and Solazyme. He was also previously a partner at the law firm of Shea & Gardner in Washington, DC, now Goodwin Procter, where he practiced for 22 years in the fields of civil litigation, arbitration, and mediation. Mr. Woolsey serves on a range of government, corporate, and non-profit advisory boards and chairs several, including that of the Washington firm, ExecutiveAction LLC. He serves on the National Commission on Energy Policy. He is currently Co-Chairman of the Committee on the Present Danger. He is Chairman of the Advisory Boards of the Clean Fuels Foundation and the New Uses Council, and a Trustee of the Center for Strategic & Budgetary Assessments. Previously he was Chairman of the Executive Committee of the Board of Regents of The Smithsonian Institution, and a trustee of Stanford University. Mr. Woolsey has served in the past as a member of boards of directors of a number of publicly and privately held companies, generally in fields related to technology and security, including Martin Marietta; British Aerospace, Inc.; Fairchild Industries; and Yurie Systems, Inc. In 2009, he was the Annenberg Distinguished Visiting Fellow at the Hoover Institution at Stanford University.

"Innovation in energy will be the primary challenge of our time - whether seen through the lens of national security or that of the environment," said Woolsey. "This will require a deep understanding of, as well as networks throughout, the scientific, industrial and policy communities. Lux Capital has great people and a strategic platform that provides a unique advantage in bringing energy breakthroughs to market. I look forward to working with Lux to build new companies that matter."

Richard Foster also joins Lux Capital as a Venture Partner. Mr. Foster is also Managing Partner of Investment and Advisory Services (Invaserv). Prior to forming Invaserv, Mr. Foster was a Director and Senior Partner with McKinsey & Company where he co-founded the healthcare and private equity practices. While at McKinsey, he served as a senior partner and director for 22 years and retired from the company in 2004. Foster co-founded the firm's high technology practice in the late ‘70s, the chemicals practice in the early ‘80s, the healthcare practice in the late ‘80s, and the private equity practice in the '90s. Mr. Foster has written two bestselling and award winning books on innovation: "Innovation: The Attacker's Advantage" (1986) and "Creative Destruction" (2001). He serves on the Board of Directors of: Memorial Sloan Kettering Cancer Center (Executive Committee), W. M. Keck Foundation (Executive Committee), athenahealth (Nominating & Governance Committee Chair), Trust Company of the West (Audit Committee). In addition Mr. Foster is Co-Chair of the National Academies President's Circle, Chairman, 2011 National Meeting of the Health Data Initiative (joint venture of DHHS and the IOM); Member, Yale School of Medicine Dean's Advisory Board; Member, National Research Council, Policy and Global Affairs Committee; Fellow, American Academy of Arts and Sciences. Mr. Foster was formerly a member of the board of the Council on Foreign Relations (where he serves on the Membership Committee), the Santa Fe Institute and the Oak Ridge National Laboratory. Mr. Foster is a Senior Faculty Fellow at Yale University School of Management where he teaches "Managing in Times of Rapid Change" and Healthcare Information Technology. Mr. Foster received his BS, MS, and PhD from Yale University in Engineering and Applied Science.

"Lux Capital thinks differently from most venture investors—a distinct edge in the investment business," said Foster. "The team's enthusiasm and experience in building companies from scratch - either based upon original theses or transformative science - is attracting both brilliant and ambitious entrepreneurs. I'm delighted to be part of the organization"

In Energy, Lux is a founder or founding investor in sector leaders from energy efficient power conversion to nuclear waste remediation. Recent Lux Capital energy investments include Accelergy, Kurion, Siluria, and Transphorm. In Life Sciences, Lux is a founder or founding investor in sector leaders from rapid vaccine discovery to nano-enabled drug delivery. Recent Lux Capital life sciences investments include Cerulean Pharma, Genocea Biosciences, Kala Pharmaceuticals, and Visterra Therapeutics.

####

About Lux Capital
Lux Capital is a leading venture firm focused on founding, seed and early stage investments in emerging technologies. Lux takes an active role in helping entrepreneurs build successful businesses in Energy, Life Sciences and Technology. The Lux investment team has founded more than 20 companies from scratch, including Caliper, Genocea, Illumina, Kala, Kurion, Lux Research, Nanosys, Neurocrine, and Vertex Pharmaceuticals.

For more information, please click here

Contacts:
Bibi Masara
646-723-2217

Copyright © Lux Capital

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Nanostructures Increase Corrosion Resistance in Metallic Body Implants May 24th, 2015

Iranian Scientists Use Magnetic Field to Transfer Anticancer Drug to Tumor Tissue May 24th, 2015

Basel physicists develop efficient method of signal transmission from nanocomponents May 23rd, 2015

This Slinky lookalike 'hyperlens' helps us see tiny objects: The photonics advancement could improve early cancer detection, nanoelectronics manufacturing and scientists' ability to observe single molecules May 23rd, 2015

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

BESSTECH Announces $250K Investment from Eastern New York Angels : Funding will accelerate commercialization of BESSTECH’s innovative lithium-ion battery electrode technology and enable hiring of key personnel May 13th, 2015

Harris & Harris Group Portfolio Company OpGen Raises $17.1 Million in Initial Public Offering May 6th, 2015

Harris & Harris Group Sponsors NYC American Heart Association's Health Sciences Innovation Investment Forum: Co-founder of Harris & Harris Group Portfolio Company TARA Biosystems to Speak About the Value of Tissue Engineering Technology April 21st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

Nanomedicine

Nanostructures Increase Corrosion Resistance in Metallic Body Implants May 24th, 2015

Iranian Scientists Use Magnetic Field to Transfer Anticancer Drug to Tumor Tissue May 24th, 2015

New Antibacterial Wound Dressing in Iran Can Display Replacement Time May 22nd, 2015

Researchers develop new way to manufacture nanofibers May 21st, 2015

Announcements

Nanostructures Increase Corrosion Resistance in Metallic Body Implants May 24th, 2015

Iranian Scientists Use Magnetic Field to Transfer Anticancer Drug to Tumor Tissue May 24th, 2015

Basel physicists develop efficient method of signal transmission from nanocomponents May 23rd, 2015

This Slinky lookalike 'hyperlens' helps us see tiny objects: The photonics advancement could improve early cancer detection, nanoelectronics manufacturing and scientists' ability to observe single molecules May 23rd, 2015

Appointments/Promotions/New hires/Resignations/Deaths

Janusz Bryzek Joins MEMS Industry Group to Lead New TSensors Division - New Division will Focus on Accelerating Development of Emerging Ultra-high Volume Sensors Supporting Abundance, mHealth and IoT May 14th, 2015

Carbodeon Appoints Leading Industry Expert as Advisory Board Member May 7th, 2015

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors: Company's Newest Director Brings Expertise in Commercial and Legal Matters Both in the United States and China; Joins on the Heels of Successful Business Development Trade Mission to China April 18th, 2015

Nanion Technologies Appoints James Costantin as Director of Customer Relations: Nanion is pleased to announce the appointment of Dr. James Costantin as Director of Customer Relations at Nanion Technologies Inc. March 31st, 2015

Energy

Visualizing How Radiation Bombardment Boosts Superconductivity: Atomic-level flyovers show how impact sites of high-energy ions pin potentially disruptive vortices to keep high-current superconductivity flowing May 23rd, 2015

Conversion of Greenhouse Gases to Syngas in Presence of Nanocatalysts in Iran May 22nd, 2015

Sandia researchers first to measure thermoelectric behavior by 'Tinkertoy' materials May 20th, 2015

Industrial Nanotech, Inc. Announces Official Launch of the Eagle Platinum Tile™ May 19th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project