Ken Frohlich

President of Paramount Properties, and Member of FundingSage Board

David S Clark

A seasoned entrepreneur, Dave has been a founder or principal in over a dozen start-up companies including computer services, medical personnel and services, restaurant, and consulting.

In addition to FundingSage, Dave is the President of Clark & Company, a real estate development and construction services company and Managing Partner of Katharine Square Partnership a commercial real estate venture based in Kingsport, Tennessee.

He served a four-year term to the Kingsport Board of Mayor and Aldermen. Other service includes: Kingsport Regional Planning Commission, the Economic Development Council; a Mountain States Healthcare Advisory Board; and the regional Bank of America Advisory Board. He also served as a Chamber Vice-President and Chairman of the Kingsport Office of Small Business and Entrepreneurship (KOSBE). Writes a bi-weekly opinion column for the Kingsport Times-News.

Dave is a graduate of the U.S. Military Academy at West Point and received an MPA from the Woodrow Wilson School at Princeton University.

He served for 23 years in the U.S. Army in various command and staff positions. As an Associate Professor at West Point, he taught Strategy and National Security Policy. He retired from U.S. Army Reserves as a Lieutenant Colonel.

Matthew W. Cleek

Matthew has a background ranging from hard labor to executive management. He has worked with many industries including construction, chemical, coal, power, manufacturing, radio and Information Technology.

Matthew’s career began with Eastman Chemical Company in general operations. During his time with Eastman, Matthew became a trainer and custom application programmer creating systems to automate many manual processes. In 1999, Matthew took an opportunity working with Tele-Optics to develop a high-end technology division.

Mr. Cleek is an entrepreneur involved in multiple, active ventures including:

theEclassifieds – a regional classifieds organization
Theme Spectrum – an online shop for premium WordPress themes
Spectrum 20 – a managed hosting services company

In addition to FundingSage, Mr. Cleek serves as President and co-owner of Intellithought. Matthew was a founding member of Intellithought in 2001. Intellithought is an award winning multifaceted firm based in Kingsport, Tennessee providing IT services and solutions to companies throughout the Southeastern United States.

Anthony R. Lettich (Tony)

In addition to serving as Co-founder, President & CEO of FundingSage, Tony is active in the investment arena, serving as Chairman of the Board, Carrier, Maurice & Webb, Wealth Advisors, and Managing Director of The Angel Roundtable, an angel network which provides investment capital, strategic advice and mentoring to late seed and early-stage companies. In addition, he currently serves as an Advisory Board Member of Angel Syndicates Central, a Member of the ETSU Intellectual Property Advisory Committee, and a Mentor for the AccelNow business accelerator. He is also a partner of Sheehan, Lettich, M&A Advisors.

Tony has an extensive background in Private Equity Investing, Mergers & Acquisitions, (M&A) and Finance. He served as Director, Business Development for Eastman Ventures, a Corporate Venture Capital firm which experienced two IPOs from his tenure. He also served as Vice President & CFO of CP Kelco, overseeing the company’s global financial operations from July 2007–July 2009. Prior to CP Kelco, he served as Director, Corporate Financial Analysis & Group Business Controller, Developing Businesses at Eastman Chemical Company. Other roles included positions within Eastman’s M&A and Licensing groups.

Definitioner

CEO

Chief Executive Officer

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CFO

Chief Financial Officer.

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150+ Startup Acronyms for Entrepreneurs

Corporate Venture

An investment from one corporation in another, typically at an early stage for strategic reasons.⁷

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Venture Capital Firm

Venture Capital Firm is an investment company that invests its shareholders' money in startups and other risky but potentially very profitable ventures.⁵

Venture Capital

Investment capital made available to high growth, scalable startups, typically beginning at the early stage, from a fund supported by accredited investors.⁶

Venture

Venture is often used for referring to a risky start-up or enterprise company.⁵

Equity

Ownership in the capital of a Company. In corporations, it is called “stock”; in limited partnerships or LLCs, it is called “interests” or “units.”³
This designation is given to a stockholder’s ownership in a company. The amount of ownership is obtained when an individual or corporation purchases one or more shares of stock (equity shares). The more equity purchased, the greater the ownership.⁴

Director

Person elected by shareholders to serve on the board of directors. The directors appoint the president, vice president and all other operating officers, and decide when dividends should be paid (among other matters).³

Private Equity

A company ownership position that is not listed and cannot be traded on a public securities exchange. Issuance, ownership and exchange of private securities are regulated differently from those of public securities under federal and state law.¹
Equity securities of companies that have not “gone public” (are not listed on a public exchange). Private equities are generally illiquid and thought of as a long-term investment. As they are not listed on an exchange, any investor wishing to sell securities in private companies must find a buyer in the absence of a marketplace. In addition, there are many transfer restrictions on private securities. Investors in private securities generally receive their return through one of three ways: an initial public offering, a sale or merger, or a recapitalization.³
Private equities are equity securities of unlisted companies. Private equities are generally illiquid and thought of as a long-term investment. Private equity investments are not subject to the same high level of government regulation as stock offerings to the general public. Private equity is also far less liquid than publicly traded stock.⁵

Corporate Venture Capital

Corporate venture capital is a subsidiary of a large corporation which makes venture capital investments.⁵

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Capital

Financial capital is a term that can refer to the money exchanged between entrepreneurs and investors during a business deal. Entrepreneurs need to raise capital for their startups while investors can provide them with the needed capital (or funding). Financial capital usually comes with interest, and new business owners can use their financial capital in purchasing real capital (or machinery or equipment) for their new business.⁴

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