Serial Entrepreneur & Managing Director at Southboro Capital LLC
By Neill Occhiogrosso
Mike Grandinetti has a unique cross-disciplinary background in the field of innovation and entrepreneurship. He has deep operating experience as a serial venture capital – backed entrepreneur, was involved as an early team member in the launch of several successful new businesses within Hewlett-Packard, held a long-standing faculty appointment at MIT’s Sloan School of Management and holds a faculty appointment at the Technical University of Denmark Center for Technology, Economics and Management. He has been deeply involved in regional and national economic development, with a distinct focus on global entrepreneurial coaching and enablement, as well as advanced technology commercialization and tech transfer, in the US, Canada, and Europe. He also served as a senior management consultant with McKinsey, the world’s premiere strategy consultancy.
As a serial entrepreneur, Mike has helped lead five venture-backed companies to successful exits for his investors. Until recently, he served as Chief Marketing Officer for Virtual Iron, a leading provider of data center virtualization software solutions. Virtual Iron raised $65M in venture and strategic capital from top US VCs as well as Goldman Sachs, SAP and Intel.
Prior, he was SVP & CMO for Yantra, a leading provider of Supply Chain solutions. He was part of the executive leadership team that was responsible for selling Yantra to ATT for 6X trailing revenues. Other companies that Mike has helped lead to a successful exit include Viewlogic (IPO, subsequent acquisition for roughly $500M), Raptor Systems (IPO, subsequent acquisition for roughly $250M), and Connected Corp (acquisition for $120M.) Mike co-led the IPO road show at Raptor, which raised $70M and had a 100 per cent investor success rate. He has also been involved in M&A from the buy side, both while a McKinsey consultant and as an operating executive, as several of his companies acquired young ventures to expand their solution set and fuel their growth.
Mike has been consistently successful launching emerging technology companies & scores of new products & in creating several new product categories. He has been an executive in some of the fastest growing US companies in their respective industries. Prior, he worked at McKinsey, where he consulted with executives on a broad range of strategic engagements, including M&A analysis; and at HP, where he managed a national corporate account sales program for General Electric and was responsible for selling computer –aided engineering software solutions to GE businesses across North America. While Mike is best known for his world class entrepreneurial Go-to-Market skills he has also held roles including VP Business Development, where he was executive sponsor of relationships with Global Strategics including Accenture, Intel, IBM, HP, Microsoft and others. As GM of a Professional Services P&L, he grew a highly profitable consulting business within a software company, achieving $10M in revenues in less than one year. Mike’s primary operating expertise is in enterprise software (business apps, IT infrastructure, security, engineering and manufacturing – leveraging SaaS, cloud, open source and traditional models), semiconductors & systems.
Mike is very active in working with US and global entrepreneurs on many levels, as a lecturer, coach and board member. He held an appointment as Senior Lecturer at the MIT Sloan School of Management in the Entrepreneurship Center for ten years, and has been a Core Member of the MIT Global Entrepreneurship team. He is also a veteran judge of the MIT $100K global entrepreneurship competition where he served for ten years. He has also served as a judge and mentor in the Global MBA Sales Competition, which includes representatives from the world’s top graduate business schools. He has served on numerous emerging company advisory boards, facilitating one company’s successful acquisition by Cisco, for example.
He has extensive experience coaching and teaching non-US entrepreneurs and advising international economic development agencies. He has been a core member of MIT’s Global Entrepreneurship team. Internationally, he holds a faculty appointment at the Technical University of Denmark, where he teaches in their international Corporate Entrepreneurial Leadership program. In this capacity, he works with Denmark’s largest health care, nutrition, energy, industrial and service companies on issues around innovation and growth. He is a faculty member in the Danish - government sponsored program for the country’s most promising start-ups.
He has mentored and lectured in many entrepreneurship programs, including TechStars Boston, SEEDCamp London, IBM SmartCamp, Founder’s Institute Boston, Summer@Highland, TiE Growth Forum, CEIM Go-to-Market, , Quebec Technology Growth (CQT), Gazelle Growth Denmark, Going Global Scotland, IGNITE, Propulsion, Venture Leaders and the MIT Global MIT Sales Competition, among others. He recently was on the Organizing Committee and moderated the first ever TiE CIO Forum, a program which connects start-up CEOs in social media, mobile apps and cloud computing with Lighthouse customers, and was on the Organizing Committee and was a keynote panel moderator at the Quebec City Conference on Global Public Policy in Venture Capital. He was Senior Adviser, moderator and keynoter at the State of the Cloud Executive Conference. He is a Charter Member of TIE, and has been active in moderating keynote panels at several recent TiE Con East Annual Conferences.
He was recently appointed an Academic Fellow at Sitekit Labs in the UK which focuses on research in medical IT and has a long-standing appointment on the Corporate Executive Council of WGBH – where he co-chairs the nominating committee.
He received his BS in Engineering, magna cum laude, from Rutgers, where he was unanimously elected to both the National Engineering Honour Society and National Engineering Honour Fraternity. He also received his MBA from Yale, where he was named the annual Jess Morrow Johns Memorial Scholar & was the recipient of Procter & Gamble’s prestigious Marketing Leadership Award and a Yale Teaching Fellowship.
Neill Occhiogrosso is a Principal at Highland Capital Partners
Plenty of jurisprudence exists to protect enterprises that invest in traditional software deployments. "A lot of that goes out the window" in the public cloud environment, said Mike Grandinetti, managing director of Southboro Capital LLC, a venture consultancy in Concord, Mass., and a moderator at industry events. "It's different in the cloud because the vendor is provisioning a service, as opposed to the enterprise being responsible for uptime after installation," he said.
The start-ups that some hope will contribute to rebalancing the distribution of wealth have become much leaner than they used to be. Mike Grandinetti flies around the world coaching start-ups: In an interview, Grandinetti told me that many entrepreneurs he meets do social networking, mobile content and gaming, and need relatively small amounts of capital to get off the ground. They can raise the $500,000 to $1 million in capital that they need from angel investors and wealthy individuals, and seek to avoid going public due to the high costs of complying with the strict rules of the Sarbanes-Oxley Act, which was passed to increase corporate accounting standards and accountability in the wake of the Enron scandal.
There is increasing technical innovation and start-up activity coming from outside the traditional US clusters in Silicon Valley and Boston. More high potential, well-funded start-ups are originating in places like London, Helsinki, Toronto, Zurich, Bangalore, Singapore, Sydney and Shanghai. In addition, US start-ups are going after global markets more aggressively. What does it take for early stage tech start-ups to establish a customer beach head and operations overseas, and to become globally relevant? What does it take to win the confidence of foreign VCs? Hear from US and international VCs and CEO / entrepreneurs who have had significant experience bringing US companies to foreign markets as well as into the US.
Mike Grandinetti discusses the power of social media specifically as it applies to early stage technology venture financing and business building, including executing lean sales and marketing models and building strategic partnerships
Cloud vendor viability is a classic issue. Not many enterprises buy from startups, especially when cloud business models are unproven and unarticulated, confirmed Mike Grandinetti, managing director of Southboro Capital LLC, an entrepreneurial consulting company in Sudbury, Mass.
This one day educational and bootcamp-style program featured expert investors and entrepreneurs from Silicon Valley, New York, and Boston - all aligned to give advice to Canadian entrepreneurs in order to help facilitate cross-border growth for Canadian companies ready to grow their business in the US.
Mike Grandinetti, Chief Marketing Officer of Virtual Iron, interviews Stephen Bakerman of Intel Capital on the benefits use of virtualization in his law firm's data center.
The Internet is turning sales of virtually every product inside out. An interview with Mike Grandinetti, a leading sales expert, on how Web 2.0 is affecting customer contacts, peer groups and the traditional sales process.
Cloud Computing. Pie in the Sky or does it really represent The Future of IT? Long term, certainly. In the short term - yes and no. It depends on whose viewpoint you take.
Mike Grandinetti describes the significant operating benefits around use cases when running a virtualization fabric with Intel's Quadcore Xeon's microprocessors with embedded virtualization.
Mike Grandinetti, Chief Marketing Officer at Virtual Iron, moderates a customer panel on use of virtualization in the data center with Technical Executives from end users delivering cloud -based services as well as internal IT capabilities.
Manak Dubash of Net Events TV interviews virtualization subject matter experts including Mike Grandinetti, Chief Marketing Officer of Virtual Iron, Simon Crosby and CTO of Citrix Virtualization Busienss Unit
Interview with Mike Grandinetti from VMworld Europe - Virtualization.com, March 2008 Mike discusses a wide range of industry issues including customer requirements, obsticles to broader market adoption, and the emerging competitive landscape.