Board of Directors

Cathie Black

Cathie Black served as the chairman and president of Hearst Magazines, a division of Hearst Corporation, from 1996 to 2010. During her tenure at Hearst Magazines, overseeing both the print and digital operations, she steered the global expansion of over 200 publications, among them Cosmopolitan, Esquire, Harper's Bazaar, and Good Housekeeping, as well as launched some of the publishing company's most successful new titles, including O, The Oprah Winfrey Magazine, and Food Network Magazine, and was a strong advocate for digital innovation.

Prior to joining Hearst, Black served as President and CEO of the Newspaper Association of America. Black also served as president and publisher of USA Today, joining the newspaper when it was just a year old, and was widely credited for helping turn it into the number one newspaper in the U.S. Before her time in the newspaper business, Black was the publisher of New York Magazine, the first woman publisher of a consumer weekly in the country. She began her career in advertising sales.

Black served on the boards of The Coca-Cola Company, Gannett Co. Inc., Hearst Corporation, and IBM and now is a board advisor and investor to several early stage companies. She is a member of the Council on Foreign Relations, author of the best-selling book Basic Black, and has appeared on Forbes and Fortune's lists of the most powerful women in business on numerous occasions.

Eric Carlborg, Investment Professional, August Capital

Eric joined August Capital in 2010 to focus on investing in later stage growth companies to provide capital for growth, acquisitions, recapitalizations and shareholder liquidity. Eric has broad investing, transaction and operating experience in private and public growth companies.

Immediately prior to joining August Capital, Eric was a partner at Continental Investors where he invested in ecommerce and software companies; and financial technology and service companies. His transaction experience includes several years of investment banking at Merrill Lynch & Co including the position of Co-Head of Technology Investment Banking. Eric also served as an Executive in Residence at Golden Gate Capital

Eric's operating experience includes: CFO for Einstein Noah Bagel Corporation (ENBC) during the company's initial public offering; CFO for Authorize.Net, which was acquired by Go2Net (GNET); and CFO of Provide Commerce (PRVD), which was acquired by Liberty Media Interactive (LINTA).

Eric received a B.A. in Economics from the University of Illinois and an M.B.A. from the University of Chicago.

Current Board Affiliations: AvantCredit, Blue Nile (NILE), Dydacomp, Integral Ad Science, PubMatic, SnagAJob, and Zulily (ZU). Other current and past investments include (acquired by Liberty Media Interactive), CarHop, Veritec, TradingScreen, HighTower and Seaside National Bank.

Amar Goel, Founder & Chairman, PubMatic

Amar founded and is Chairman of PubMatic. He was the CEO in its early days as a company.

Amar has also founded multiple other businesses, and is the CEO and Founder of Komli Media, the leading independent ad technology platform across Asia Pacific. He is on the board of Chartcube, a mobile analytics and collaboration company.

Amar has led a digital advertising business for Microsoft in the U.S.. He has also worked at McKinsey & Co. and Netscape. As a student at Harvard University, Amar founded at the age of 19 with $350. In five years, grew to approximately $30M in annual sales and was at that point the fastest growing e-commerce website

Amar holds a Master's Degree in Computer Science and a Bachelor’s Degree in Economics from Harvard University.

Rajeev Goel, Co-Founder and CEO, PubMatic

Rajeev Goel co-founded PubMatic in 2006 to give premium publishers a real-time selling platform for managing their revenue and brand strategy. As Co-Founder & CEO of PubMatic, Rajeev is responsible for all aspects of the company's vision, strategy, and execution. His leadership has helped establish PubMatic as a leader in Real-Time Bidding for publishers and established the company as the leading multi-channel platform for helping publishers drive their programmatic advertising strategies.

Prior to PubMatic, Rajeev led a career spanning product/engineering, sales, and marketing. While in college, Rajeev co-founded, an online retailer of custom-built golf equipment. At, a Sequoia Capital backed company, Rajeev led product management and engineering while growing the company into a $30 million run-rate business. After, Rajeev joined Diamond Management and Technology Consultants (later acquired by Pricewaterhouse Coopers), where he led IT strategy engagements with CIOs and CFOs at Fortune 2000 companies such as Kraft Foods, Allstate Insurance, and Lowe's Home Improvement. Before founding PubMatic, Rajeev was a Product Marketing executive at SAP, where he was responsible for go-to-market strategy for cloud and mobile solutions.

Rajeev holds a Bachelor's Degree in Economics, Political Science and Spanish from The Johns Hopkins University and a Master's of Computer and Information Technology from the University of Pennsylvania. Rajeev resides in Silicon Valley with his wife and two boys.

Ashish Gupta, Helion Advisors

Dr. Ashish Gupta is a co-founder of Helion Venture Partners and serves on the boards of, Dhingana, InfoEdge, Jivox, Kirusa, Komli,, PubMatic, and SMSGupshup. He has co-founded two successful companies: Tavant Technologies and Junglee (AMZN). He has also worked at Woodside Fund, Oracle Corporation and IBM research. Some of his other investments are redBus (MIH), Mu Sigma, Daksh (IBM), Odesk, MakeMyTrip, and Merittrac (Manipal Group).

Ashish is a Kauffman Fellow, holds a Ph.D. in Computer Science from Stanford University, and a Bachelor's degree from the Indian Institute of Technology (IIT), Kanpur where he was awarded the President's Gold medal. He has authored several patents, publications, and a book by MIT press.

Naren Gupta, Co-Founder, Nexus Venture Partners

Naren is co-founder of Nexus Venture Partners. He co-founded Integrated Systems, Inc. (ISI), a leading embedded software company, where he served as the President/CEO for fifteen years. He took ISI public and subsequently merged it with Wind River Systems. Naren continued to serve on the board of Wind River till its recent acquisition by Intel. Currently, he serves on the boards of Red Hat and Tibco. He also serves on the Board of Trustees of the California institute of Technology and the Silicon Valley Community Foundation.

Naren has over 20 years of early and early-growth stage investment experience in the U.S. and India. Several of his earlier investments have had successful public exits, including Digital Link (IPO), E-Tek Dynamics (IPO), RightNow (IPO), Numerical Technologies (IPO, acquired by Synopsis) and Speedera Networks (acquired by Akamai).

Naren holds a B. Tech. degree and is a recipient of the President's Gold Medal from the Indian Institute of Technology (IIT), Delhi; an M.S. from the California Institute of Technology and a Ph.D. from Stanford University. Naren has received distinguished alumni awards from Caltech and IIT and was elected a Fellow of the IEEE. He is an active advisor to entrepreneurs worldwide.

Board of Observers

Timothy C. Draper, Founder & Managing Director, Draper Fisher Jurvetson

Timothy C. Draper is the Founding Partner of Draper Fisher Jurvetson. His original suggestion to use "viral marketing" in web-based e-mail to geometrically spread an Internet product to its market was instrumental to the successes of Hotmail and other web-based email providers, and has been adopted as a standard marketing technique by hundreds of businesses.

Tim launched the DFJ Global Network, an international network of early-stage venture capital funds with offices in over 30 cities around the globe. He founded or co-founded DFJ ePlanet (global), Draper Fisher Jurvetson Gotham (NYC), Zone Ventures (LA), Epic Ventures (Salt Lake City), Draper Atlantic (Reston), Draper Triangle (Pittsburg), Timberline Ventures (Portland), Polaris Fund (Anchorage), DFJ Frontier (Sacramento and Santa Barbara), DFJ Vina Capital (Vietnam), Draper Nexus (Tokyo), and DFJ DragonFund (Shanghai).

Tim recently launched "Six Californias," a statewide initiative to create six new states and dissolve a failed one in California. Previously, Tim served on the California State Board of Education. In November of 2000, Tim launched a statewide cyber-initiative on school choice for the California General Election. He was a member of Singapore's International Economic Council and Ukraine's Orange Circle. He was on the Board of U.C. Berkeley's Haas School of Business. He has a B.S. in Electrical Engineering from Stanford University, and an M.B.A. from Harvard Business School.

John Gardner, Managing Partner, Nokia Growth Partners

John has over 20 years of experience advising and working with mobile start-up and emerging businesses in the Silicon Valley, including extensive transactional experience in mergers, acquisitions and venture capital investments. He has led and managed investments in companies across the information technology spectrum, including enterprise software, ad tech, carrier software, systems and component companies.

John holds an M.B.A. from the University of Chicago and a law degree from the University of Cincinnati – College of Law.