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.
In addition to his work with QED, Nigel works in an advisory capacity with General Atlantic Partners and Oliver Wyman Consulting. He serves on the board of numerous for-profit companies, including Red Ventures, GreenSky, CAN Capital, Media Math and Prosper. Over the course of its eight year history, QED has invested in numerous industry leaders including Credit Karma, Transunion, and SoFi. Formerly, Nigel served on the boards of the Economist, Brookings, National Geographic, Klarna, Braintree, Transunion, and Capital One.
While under Nigel’s leadership, Capital One pioneered an information-based strategy that fundamentally transformed the consumer lending industry. Combining advanced statistical marketing techniques with nascent information technologies, the company reduced costs to conventional borrowers, extended capital to overlooked consumers, expanded internationally, and produced extraordinary returns for investors.
Matt is based in New York City and focuses on investments in financial technology and services. He sees a huge amount of revenue, profit and market cap shifting from regulated financial institutions to entrepreneur-led insurgents, across payments, lending, capital markets and insurance. More blathering on these topics can be found at www.finsurgency.com.
Matt started his investing career at Bain Capital private equity in 1995, having worked previously at Bain & Company, and attended Williams College, where he majored in rugby. In 2000, Matt founded Village Ventures, which he ran for 12 years and where he focused on early-stage fintech investing. In 2012 he rejoined Bain Capital Ventures.
Outside of work, Matt enjoys spending any free moments with his wife, Jessica, and their three children. Matt serves as the Chairman of the Board of the Williamstown Theatre Festival, a regional theater associated with Williams College. He is a Senior Advisor to Endeavor, an organization leading the global movement to catalyze long-term economic growth by selecting, mentoring and accelerating the best high-impact entrepreneurs around the world. He is obsessed with military history, and some day will write a book connecting the strategy and tactics of insurgency with what he has learned about entrepreneurship.
Brad has been an early stage investor and entrepreneur since 1987. Prior to co-founding Foundry Group, he co-founded Mobius Venture Capital and, prior to that, founded Intensity Ventures. Brad is also a co-founder of Techstars.
In addition to his investing efforts, Brad has been active with several non-profit organizations and currently is chair of the National Center for Women & Information Technology and co-chair of Startup Colorado. Brad is a speaker on the topics of venture capital investing and entrepreneurship and writes the blogs Feld Thoughts, Startup Revolution, and Ask the VC.
Brad holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology. Brad is also an art collector and long-distance runner. He has completed 23 marathons as part of his mission to finish a marathon in each of the 50 states.
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.
Mr. McLaughlin is the Founder and Managing Partner of Financial Technology Partners (aka FT Partners), a San Francisco-based boutique investment bank focused exclusively on financial technology. A Wharton MBA and Palmer Scholar, Mr. McLaughlin formerly was a senior investment banker in Goldman, Sachs & Co.’s Financial Technology Group, and was the senior investment banker in the Financial Institutions Group in San Francisco before leaving the firm in 2002 to form FT Partners. Steve has been advising FinTech companies for over 18 years. Steve’s firm was awarded “Investment Bank of the Year” in 2011 for the third time since 2004, and the firm has also received numerous awards for its outstanding transaction results. Steve was recognized as Dealmaker of the Year in three times since 2007.
Referred to as the “Architect of Financial Technology” by The Daily Deal, Mr. McLaughlin has been a constant and central figure in some of the largest and most successful transactions in the sector. Among the many deals executed in FinTech, Steve has recently advised on the following key transactions:
1. Advised Mercury Payment Systems on its $1.65bn sale to Vantiv
2. Advised TransFirst on its sale to Vista Equity Partners
3. Advised CIBC on its lead role in Dynamics’ $70mm financing
4. Advised Google Capital on its lead role in CreditKarma’s $85mm financing
5. Advised CardSpring on its sale to Twitter
6. Advised Fleet One on its $369mm cash sale to Wright Express
7. Advised World Fuel Services on its $137mm Acquisition of Multi Service Corporation
8. Advised Central Payment on its strategic investment from TSYS
9. Advised Merchant Warehouse on its significant growth recapitalization
10. Advised ProPay on its sale to TSYS
11. Advised OzForex Group on its Initial Public Offering
12. Advised Century Payments on its sale to WorldPay US
13. Advised AmWINS on its $1.3bn growth recapitalization by New Mountain Capital
Advised SquareTrade on its $238mm growth equity investment by Bain Capital.
John C. (Hans) Morris, age 50, joined Visa Inc. as President in July 2007. From November 2002 until joining Visa Inc., he served as Chief Financial Officer of Citi Markets & Banking (CMB), the capital markets, banking and transaction services business of Citigroup Inc. In this capacity, he was responsible for finance, operations and technology for CMB. Prior to this role, he served in positions of increasing responsibility with Salomon Smith Barney and its predecessor companies for 22 years, including most recently as Vice Chairman and Chief Operating Officer of the Salomon Smith Barney Investment Banking Division from March 2000 to November 2002. Mr. Morris holds a Bachelor of Arts degree from Dartmouth College.
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.