Charles Lax

Managing General Partner, GrandBanks Capital

Charley Lax is the founder and Managing General Partner of GrandBanks Capital (GBC) and focuses on early-stage investment activities on the east coast in the areas of Internet infrastructure, software and software services, security and storage applications, media technologies and services, financial technologies and services, and wireless technologies and services. Mr. Lax’s investment career includes investments in 42 portfolio companies, which have resulted in 26 exits thus far. His track record includes 15 public companies, of which 10 achieved market caps in excess of $1 billion. With over 16 years of venture capital experience, Mr. Lax currently serves on the boards of GBC companies including Colubris Networks, Coradiant, CXO Systems, Ember Corporation, Incipient, and manages GBC’s investment in OutStart. Additionally, Mr. Lax is a founding General Partner of both SOFTBANK Venture Capital (Mobius Venture Capital) and SOFTBANK Capital Partners, and co-created Flatiron Partners of New York City. Prior to his career in venture capital, Charley worked for a series of software companies in marketing, product management and sales roles, including Phoenix Technologies Ltd., the BIOS developer. Mr. Lax was awarded a B.S degree, magna cum laude, from Boston University in 1982. He serves on the Boston University Alumni Council, as well as the Dean's Advisory Council for the Boston University School of Management. In 2001, Charley received the Boston University Alumni Award for Distinguished Service and gave the Class of 2001 Graduate School of Management commencement address entitled "Lessons Learned from the Internet Bubble." In 2003, the Boston University Entrepreneurial Management Institute awarded him the Henry Morgan Award for outstanding contribution to the Institute.