Steven Smith, Board Co-Chairman
President and Chief Executive Officer, Co-Founder, GCommerce
Prior to founding GCommerce, Mr. Smith worked as an executive for 15 years in market leading global sales and marketing organizations, such as Dorian Drake International, McQuay-Norris World Trade Corporation and Iowa Export division of Ruan Corporation. For more than 10 years, Mr. Smith has been an active Angel investor in New York and the Upper Midwest, both as direct investor and Angel investment aggregator. He also actively participates in numerous board advisory positions for early stage technology companies, especially those targeting supply chain efficiencies. Mr. Smith remains active in numerous trade associations such as the Auto Care Association as well as the Specialty Equipment Market Association (SEMA) as a technology and supply chain expert.
Ed Reitler, Director
Managing Partner, Reitler Brown
Ed has represented dozens of merchant banks and buy out and venture funds and their portfolio companies in these matters including UBS, PaineWebber, American Securities, Wexford Capital, Lightyear Capital, Edison Ventures, Spark Capital, Milestone Ventures, Greenhill SAVP, New Spring Capital, Osage Venture Partners, SJF Ventures, Innovation Ventures, Cammeby's Capital, SAS Investors, Hudson Ventures, Walden Capital, Libertyview Capital, Ovation Capital, Carrot Capital, GlobalNet Management, Zon Capital, and Himalaya Capital. Ed has also served on the Board of Trustees of the Harvard Law School Alumni Association of New York. He is a frequent speaker and panelist on issues affecting the private equity and venture capital markets and is a regular guest lecturer at Columbia Business School.
Ken Kaplan, Director
COO and Co-Founder, Cellenor
Ken Kaplan is Chief Operating Officer and a co-founder of Cellencor, Inc., Ames, Iowa. Cellencor provides advanced microwave processing technology to the renewable energy industry. Ken founded and then served as President and CEO of Microware Systems Corporation, a developer of software for embedded microprocessor based products. Ken played an important role in the development of many groundbreaking new products in the areas of industrial automation, consumer electronics, scientific and medical electronics, and telecommunications. In April 1996 Microware concluded a successful IPO and was listed on NASDAQ. In 2001 Microware was acquired by Radisys Corporation (NASDAQ:RSYS), Portland OR. He then became Vice President and General Manager, Microware Division of Radisys until his retirement in 2002. Ken holds a number of patents related to wireless communications and digital TV technology.
Eric J. Hardgrave, Director
Co-Founder, Acuity Ventures III
Eric is the co-founder of Acuity Ventures III, L.P., Acuity Ventures II, LLC, and Acuity Ventures, LLC. The majority of investments in the family of Acuity Funds focus on web-based software. Prior to Acuity, he was the co-founder of Sand Hill Capital, LLC, a venture fund that provided debt facilities to later stage, emerging growth companies. He has over twenty-five years’ experience in providing debt and related convertible debt financings to high-technology companies in Silicon Valley and across the country. He began his career in commercial banking with Union Bank and later moved on to progressively senior positions with Silicon Valley Bank and the venture capital division of General Bank. Eric received a BA in Economics from Stanford University.
Adam S. Claypool, Director
Managing Principal, Bridgepoint Merchant Banking
Adam Claypool is Co-Founder and Managing Principal of Bridgepoint Merchant Banking a merger and acquisition, corporate finance and fund management firm serving lower and middle market companies nationwide from its offices in Des Moines, IA and Lincoln, NE. He is also the Founder and Manager of Bridgepoint Investment Partners I, LLLP a venture capital fund focusing on early stage software and internet enabled companies. Previously, Adam co-founded two other lower and middle market focused boutique investment banking practices.
Since 2008 Adam has been a member or observer to GCommerce’s board, where he is also currently on the compensation committee. Additionally, Claypool currently serves on the boards of Consumer Health Advisers, Palisade Systems, TrueChoice Solutions, Cyber Rain, BirdDogJobs.com and BettrLife.
Adam brings a strong investment banking and private equity background, and is an experienced business advisor, working closely with private/family-owned businesses, entrepreneurs, developers, venture capital-backed companies and private equity/venture capital firms. Mr. Claypool has over 12 years investment banking experience with a career focused exclusively on serving the needs of lower and middle market companies.
Adam received his Bachelor of Arts in Political Science with an emphasis in Economics at The University of Iowa and holds Series 7, 65 and 63 securities licenses.