Philip Proujansky | Zach Shulman | Jennifer R. Tegan | Cliff Lardin

Advisory Board

David M. Barash, M.D. | Harold Craighead | Amo Houghton | Marcus H. Loo, M.D.

Philip Proujansky

Philip Proujansky, Managing Partner, participated in the founding of CVF. Phil is a Founding Managing Partner of Integrated Acquisition & Development (IAD) as well as an officer/principal of its 41 affiliated companies. IAD is a diversified commercial real estate organization and a private equity investor. Phil's activities at CVF have included investments in: SAN (storage area network products); MEMS (microelectromechanical systems and microfluidics applications); various biotechnology applications; optical sensors; optical network components; and recently, nanoparticle technology.

Phil has previously been a founding and principal investor in a number of start-up technology based businesses, including companies in the development of "non-wireline" cellular telephone MSA and RSA markets and companies that are experts in artificial intelligence for industrial applications. Phil has served on the boards of the Cornell Office of Economic Development and the Business Innovation Center (a Cornell/Tompkins County co-venture) and currently serves on the boards of Kionix, Silicon Video, BinOptics, the Cornell Life Sciences Advisory Board (and serves as co-chair of its technology transfer, venture capital and economic development committee), the Paleontological Research Institution and several other not-for-profit organizations and institutions.

Phil began his career as a financial analyst and consultant after finishing undergraduate Engineering Physics degree studies at Cornell University. In 1975 he began working in Ithaca, New York with his two IAD co-managing partners in acquisition, development, finance, leasing and management of commercial and multi-residential real estate.

Zachary Shulman

Zachary Shulman, Managing Partner, joined CVF in August 2004. From January 1999 through March 2002, Zach served as General Counsel and Chief Investor Relations Officer of Spike Broadband Systems, where he was responsible for general oversight of Spike's legal functions, including negotiating and closing strategic and business relationships, strategizing, negotiating and closing fund-raising efforts, and investor relations and various human resource matters. While at Spike, he was also responsible for operational tracking over Spike's functional business areas. Zach brought to Spike in-depth legal and negotiating experience representing public and private companies across a wide array of industries. While at Spike, Zach negotiated and closed over $80 million in venture capital financing.

Prior to joining Spike, Zach was an associate at the law firm of Harris Beach in Ithaca, New York. At Harris Beach, he focused his practice on representing private and public corporations in a wide range of capacities, including equity financing through private placements and venture capital, bank financing, mergers and acquisitions, and the establishment and implementation of corporate governance policies, including advising boards of directors and executive management with respect to such policies.

Before Harris Beach, Zach was an associate at Ropes & Gray in Boston, Massachusetts, where he represented predominantly public companies in equity and debt offerings, commercial lending, Securities and Exchange Commission compliance, mergers and acquisitions and executive compensation matters.

Zach is also affiliated with Cornell's Johnson Graduate School of Management where he coordinates "Entrepreneurship at Johnson" and teaches law for high-growth businesses. He earned a Bachelor of Science from the Cornell University School of Industrial and Labor Relations and graduated from Cornell University Law School, magna cum laude. Zach serves on the Industrial Advisory Board of the NYS Center for Life Science Enterprise at Cornell and on the Advisory Board of Cornell's Life Sciences Incubator initiative. He also currently serves as a Director of Primet Precision Materials.

Jennifer R. Tegan

Jennifer R. Tegan, Partner, joined CVF in February 2002. Since that time she has worked on evaluating, negotiating and managing investments in technology-based companies in the areas of MEMS, semi-conductor lasers for data and telecommunications, life sciences, optical switching and CMOS sensors for area and linear imaging.

Prior to joining CVF, Jennifer worked as a consultant with Cap Gemini Ernst & Young assisting Fortune 500 life sciences companies with their e-commerce and customer relationship management strategies and practices. Before working as a consultant, she was the Business Manager of EMF Corporation, a small optical coating manufacturing company in Ithaca, where she managed company finances, recruited highly skilled and technical employees and supervised all human resource functions including labor relations with its union, the International Association of Machinists. Prior to her time with EMF, she worked at the Paleontological Research Institution where she was involved in educational programs and original research, as well as helping to manage organizational operations including initiating the launch of its first community marketing and outreach effort in advance of a major restructuring of the organization.

Jennifer holds an MBA from Cornell University where she was a Texaco Scholar. She received a BA in geology cum laude with high honors from Smith College, and an MS in geology from the University of Cincinnati where she was awarded six separate grants to study changes in ecosystem dynamics of coral reefs. Jennifer is Past Chair of the Board of the Tompkins County, New York SPCA, serves on the Economic Development Committee of the Ithaca Urban Renewal Agency, is President of the Finger Lakes Chapter of Cornell's Johnson Graduate School of Management Alumni Association and is a marathon runner.

Cliff Lardin

Cliff Lardin, Principal, is an experienced engineer and dedicated entrepreneur. His management experience includes serving as CEO of Cyan Data Systems, LLC; Founder and VP of Systems at MiniGram.com; founder of Bright Island, LLC; and Director of PC Programming at Flowers Industries, Inc. (NYSE:FLO). In addition, Cliff has worked as a Senior Software Developer for ChemSW, Inc; and as a Senior Engineer at Varian Semiconductor Equipment Associates, Inc. (NASDAQ:VSEA).

Cliff studied Computer Science and English at Amherst College from 1993-1995, and Cornell University from 2004-2007. He received his BA in English with Distinction in all Subjects from Cornell in 2006 and his MBA from Cornell's Johnson Graduate School of Management in 2007. Cliff also volunteers his time as President of New York State Early Music Association and its period instrument ensemble, NYS Baroque.

CVF has an Advisory Board comprised of individuals who have attained success and prominence and are capable of advising or assisting CVF as well as its portfolio companies.

David M. Barash, M.D., President, Concord Healthcare Strategies, has been providing expert strategic and operational advisory support to healthcare investors and development stage healthcare companies for nearly 10 years. With Concord Healthcare Strategies and its affiliate organizations, Dr. Barash provides guidance and hands-on assistance to medical technology companies and to investors in the medical technology industry.

Before founding Concord Healthcare Strategies, Dr. Barash had been involved in direct healthcare management for over 15 years, and has been practicing medicine since 1984.

Dr. Barash served as Executive Vice President and Medical Director for Access CardioSystems, a medical device company in Concord, Massachusetts. At Access CardioSystems, Dr. Barash was responsible for all initial regulatory activities, implementation of the initial sales and marketing launch, business development, investor relations, clinical network establishment, and clinical research. As well, he led the initial development of the company's international distribution network.

Currently, Dr. Barash is the Managing Director for Adoneh, LLC, a company that is developing innovative technology for critical care and resuscitation medicine. He is also the Chief Executive Officer of Esotech Innovations, a start-up firm delivering a platform technology for esophageal-based critical care monitoring and therapy. Dr. Barash is a member of the Board of Directors of Excorp Medical in Minneapolis, Minnesota and is an Advisory Consultant to Aethlon Capital, a private equity investment group based in Minneapolis. He has served as Chairman of the Medical Advisory Board of an Internet-based medical records management and benefits management company, and was the Chair of the Medical Advisory Board of a publicly traded company that developed technology for bedside or point-of-care laboratory testing. Dr. Barash is a former Regional Vice President of Medical Affairs for a national physician management company and a former department chair of emergency medicine.

Dr. Barash received his Bachelor of Arts and his Medical Degree with Honors from the Cornell University. He is a Fellow of the American College of Emergency Physicians and a member of the MIT Enterprise Forum, the Massachusetts Medical Device Industry Council, the American Heart Association, and the Society of Academic Emergency Medicine. As well, he has been a member of the Regulatory Affairs Professionals Society and the American College of Physician Executives. Dr. Barash has made many media appearances, including a regular interview segment on the CBS television affiliate in Boston.

Harold Craighead is the Charles W. Lake, Jr. Professor of Engineering, Applied and Engineering Physics at Cornell University. Dr. Craighead received his Bachelor of Science Degree in Physics, with High Honors, from the University of Maryland, College Park in 1974. He received his Ph.D. in Physics from Cornell University in 1980. His thesis work involved an experimental study of the optical properties and solar energy applications of metal particle composites. From 1979 until 1984 he was a Member of Technical Staff in the Device Physics Research Department at Bell Laboratories. In 1984, he joined Bellcore where he formed and managed the Quantum Structures research group.

Dr. Craighead joined the faculty of Cornell University as a Professor in the School of Applied and Engineering Physics in 1989. From 1989 until 1995, he was Director of the National Nanofabrication Facility at Cornell University. Dr. Craighead was Director of the School of Applied and Engineering Physics from 1998 to 2000 and the founding Director of the Nanobiotechnology Center from 2000 to 2001. He served as Interim Dean of the College of Engineering from 2001 to 2002 after which he returned to the Nanobiotechnology Center as Co-Director for Research. He has been a pioneer in nanofabrication methods and the application of engineered nanosystems for research and device applications. Throughout his career he has contributed to numerous scientific journals with over 250 published papers. He is an inventor on 13 issued patents. Dr. Craighead's recent research activity includes the use of nanofabricated devices for biological applications and devices. His research continues to involve the study and development of new methods for nanostructure formation, integrated fluidic/optical devices, nanoelectromechanical systems and single molecule analysis.

Amo Houghton served as a United States Representative from the State of New York, 29th Congressional District. Houghton was a member of the House Ways and Means Committee; chaired the Oversight Subcommittee and was a member of the Trade Subcommittee. He was also a member of the International Relations Committee, Vice Chairman of its Subcommittee on Africa, and was appointed by President George W. Bush to serve as the Congressional Delegate to the 58th General Assembly of the United Nations. The only former CEO of a Fortune 500 corporation to serve in the House, Houghton joined Corning Glass Works (now Corning Incorporated) in 1951 after graduating from Harvard University and serving as a Marine during World War II. In 2002, Houghton was inducted into the Academy of Arts and Sciences, the group founded by John Adams and John Hancock in 1780. Before entering Congress, Houghton served on the boards of several major corporations, including Procter & Gamble, IBM, Citicorp, N.Y. Telephone, B. F. Goodrich, and Genentech. He is a former trustee of St. Paul's School, the Brookings Institution, a former member of the Harvard Board of Overseers, a past director of the Episcopal Theological Seminary, and holds 16 honorary degrees. He now serves as a Board member of the Republican Main Street Partnership, Co-chair of the Committee for the Future - a group committed to the economic revival of upstate New York - and is a special intern for Bishop Tom Shaw of the Episcopal Diocese of Massachusetts.

Marcus H. Loo, M.D., is Clinical Professor of Urology at the Weill Medical College of Cornell University and an Attending Urologist at New York Presbyterian Hospital. His undergraduate degree in electrical engineering and medical degree are from Cornell University. Dr. Loo did his internship and residency in general surgery and urology at New York Presbyterian Hospital. He is a fellow of the American College of Surgeons and is a past president of the Chinese American Medical Society. He serves on the Admissions Committee of Weill Medical College and is listed in Who's Who in America and Who's Who in Healthcare and Medicine. A member of the University Council of Cornell University, he also serves on the Board of Trustees where he is co-chair of the Committee on Academic Affairs. Dr. Loo also serves on the Committee on Board Membership as well as the Ad Hoc Committee on Tech Transfer and Corporate Alliances. He is also a member of the Cornell University Life Sciences Advisory Board and co-chairs its committee on research.