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Steve Fredrick joined Grotech Ventures in 2005. Steve focuses on investment opportunities in software and services with a particular interest in security, mobility, and big data. Steve currently serves or has served on the boards of Grotech portfolio companies Bandura, ChurnZero, CircleBack, Ryft, Invincea, Logi Analytics, Omnilink (acquired by Numerex), Parse.ly, promoboxx, RollStream (acquired by GXS/OpenText), SocialRadar, Stardog Union, ThreatConnect, Urjanet, White Ops and WireWheel.
Steve’s career spans engineering roles, entrepreneurial company building and early-stage investing. Prior to joining Grotech, he was a General Partner with Novak Biddle Venture Partners investing in early-stage software and communications equipment companies. Steve made significant contributions to the success of numerous companies including Centice, Matrics (acquired by Symbol), Luna Technologies (acquired by Luna Innovations), Zagros Networks, Optinel Systems (acquired by CCOR), XtremeSpectrum (acquired by Motorola), Princeton Optronics, Woodwind Communications (acquired by Vina), Object Video, AnswerLogic (acquired by Primus), Paratek, and Blackboard (Nasdaq: BBBB). Steve began his career in research and development with IBM and then joined a venture-funded software company in the document imaging space called Vantage Solutions, which was acquired in 1994.
Steve subsequently co-founded software development firm MartinScott before making his transition to the venture business in 1997. He has served in interim-operating roles with several portfolio companies upon request. In collaboration with the National Venture Capital Association, Steve co-founded the StartUpHire initiative, an innovative online job board listing thousands of opportunities at venture-backed companies. He is the 2012 recipient of the Outstanding Service Award from the National Venture Capital Association for this work. He served as co-chair of the 2012 MAVA Capital Connection Conference and is a frequent speaker on entrepreneurship and venture investing.
Steve earned his Bachelor of Science and Master of Science in Electrical Engineering, Magna Cum Laude, from Virginia Tech and was an Eastman Kodak Scholar. He taught for several years as an Adjunct Professor of Entrepreneurship at the University of Maryland’s Smith School of Business and chairs the College of Engineering Advisory Board at Virginia Tech. He also serves as a consultant to the Office of the Secretary of Defense’s Rapid Reaction Technology Office, helping the DoD to identify promising emerging commercial technologies.