Co-Founder, Chief Executive Officer
Michael Praeger is the Co-Founder and Chief Executive Officer of AvidXchange, Inc., the leading provider of on-demand accounts payables management and automated payment solutions. Since founding AvidXchange in 2000, Michael has been an active participant and speaker on "payables and payment automation" at various industry conferences and considered a thought leader within the industry in developing creative solutions and best practices for payables and payment automation.
Michael has spent the last 20 years founding, managing, merging and selling technology and web services-related companies. Prior to establishing AvidXchange, Michael was Co-Founder of PlanetResume.com, a technology career enhancement and recruiting site that successfully completed its merger with CareerShop.com and CareerTV.net in November 1999. Prior to that, he was Co-Founder and CEO of InfoLink Partners and InfoVentures, LP. Michael also served as an Associate with Summit Partners, a Boston-based Venture Capital and Buyout partnership with more than $1 billion under management. He received a B.S.B.A. in Finance from Georgetown University. Michael is also a graduate of the "Birthing of Giants" executive entrepreneurship program at MIT.
Michael is currently active in the Entrepreneurs Organization (EO), as well as the Young Presidents Organization (YPO). Michael is also currently serving on the advisory board of the North Carolina Technology Association (NCTA), and on Comdata's Customer Advisory Board. Michael is revered as a leading business-to-business provider of innovative electronic payment solutions.
A North Carolina native, David's first computer was an Apple II+ which he used to learn programming (in BASIC and machine language) and then went on to attend the University of Chicago before joining Merrill Lynch. When Netscape went public in 1995, David realized he was in the wrong business and returned to his programming roots, launching his first internet startup, E|Calendar, in New York's Silicon Alley. David went on to co-found AvidXchange in 2000, where he was President and managed all aspects of the company's products and strategy before leaving day-to-day management in early 2011. Currently, David maintains his Board role at AvidXchange, is a mentor, coach, and advisor to early-and growth-stage software companies, and writes the Software Startup Guy blog.
Dwight currently serves on the Company's Board of Directors as the appointed representative from Charlotte Angel Partners (CAP) and is an experienced private angel investor in the Raleigh and Charlotte areas. In addition to CAP, Dwight is also a partner in TIG funds I, II, and III based in RTP, NC.
Red Maxwell is a proven design and branding professional with over 20 years experience in the marketing field. Prior to founding OnRamp Branding, Red started the in-house advertising design department at Polo Ralph Lauren in New York then became a principal and creative head of Design Factory, an international design and marketing boutique. A three-time winner of the London International Advertising Awards, he has developed major brand introductions for Danone Foods, Foster's Brewing Company and RJR/ Planters LifeSavers. A pioneer of internet marketing, Red has launched online sites and promotions for Hanes, Duke Energy, Sara Lee Foods, Accenture and Yahoo! As Chief Marketing Officer for the SilkRoad Equity family of companies, which include InterAct Public Safety Systems, SilkRoad technology, SolidSpace, TrueLook and MissionMode, Red helped grow SilkRoad's HR SAAS business from $3million a year in revenue to $25 million in over 4 years. Maxwell was also instrumental in strategically positioning two of the portfolio companies for $20 million and $30 million Series A fundings. In 2008, he spoke at the AvidXchange User Conference on the "Evolution and Advantages of Working with SaaS Model Companies and has been involved with design and execution strategy for the AvidBill Network.
Jim most recently served as Senior Vice President and Chief Financial Officer of CT Communications where he directed the financial and regulatory development functions and was responsible for Finance/Accounting, IT and Investor Relations departments. He has 15 years of experience as the Chief Financial Officer for several telecommunications companies. Prior to joining CT Communications in 2002, he was with Houston Cellular, where he served as Chief Financial Officer for over 11 years. He also served as Chief Financial Officer for three emerging telecommunications companies: American Lightwave Communications Inc., Crescent Communications Inc., and Prepaid Telecom Corporation. He was responsible for the financial reporting functions at each company as well as assisting with cash management, forecasting and operations. He is a Certified Public Accountant and gained his initial professional experience with Price Waterhouse. Hausman and his wife, Rita, have two children and reside in Mooresville, NC.
Steve is currently a Partner and Co-Founder of Boathouse Capital, based in Philadelphia. Previously, Steve was a Vice President at American Capital, Ltd., where he spent over five years as a member of the Philadelphia office deal team investing in senior and subordinated debt and equity transactions. Prior to American Capital, Steve was in the consumer investment banking group at Robertson Stephens in San Francisco, in the M&A and private equity practices at Compass Partners and in the investment banking group at Furman Selz, both in New York. Steve has a BA, with honors, in Economics from Dartmouth and an MBA from the Tuck School of Business at Dartmouth, where he graduated as an Edward Tuck Scholar.
Hans has over 20 years experience in financial services, banking, payments, and payment processing. He is currently a managing partner with Path-2 Ventures. Hans held senior leadership positions at Bank of America, including Debit Card Executive, and Consumer Lending Strategy Executive. In addition, was the President of Moneta, an ACH-based payments company. Other experience includes positions at private equity firms Chatham Capital Investments and Fidelity Venture Capital Group, Bear Stearns in their Institutional Equities group, and with Deloitte;s Management Consulting Group. Hans earned his bachelor’s degree from the University of Michigan with a concentration in Economics and Business Administration. In addition to his Board responsibilities with AvidXchange, Hans is on the Board of Startup Corp., and AIM Academy.
Ross retired in 2000 as President of First Union Securities Inc. and Executive Vice President of First Union Corporation. During this time, he served on the board of Bank Administration Institute, the industry educational group, was a speaker at many national investment conferences and was host of the national conference in 1994. As President of First Union Securities, he held responsibility for Capital Markets and International technology, operations, compliance and the economist staff. He was on the board of American Banking Association Securities Association, an industry group. Prior to joining First Union, he was Treasurer of a privately held international steel trading company and, before that, a commercial banker. Annable has a B.S. (EE) degree from the University of Wisconsin and an MBA from Harvard Business School. He is a veteran of the US Navy nuclear submarine program. Annable serves on the board of directors of three non-profit organizations.