WashingtonVC, a private equity fund that incubates early stage companies through the exchange of complementary technologies and marketing services, announced today the appointment of Eric Litman to the role of Managing Director. Mr. Litman will have global responsibility for executing the fund’s commercial and non-profit activities. The company’s portfolio of interlocking companies share resources, talent and technologies to deliver innovative products and services across a broad range of industries.
“I’m excited to have Eric leading WashingtonVC’s ambitious mission.
He brings extensive operational experience to the organization and possesses the leadership skills and entrepreneurial spirit needed to bring us to the next level. His passion and history with Internet technologies and marketing are as deep as they come, offering us a considerable strategic advantage in building our next generation of market-leading companies,” says Mike Mann, Founder and Chairman of WashingtonVC.
“Mike and his team have a vanguard approach to building and scaling capital efficient Internet businesses. The work the fund has done to date is impressive and is only the beginning of where we will take WashingtonVC. I’m excited to be able to play a key role in helping drive the future of the organization,” says Eric Litman.
Mr. Litman is a pioneer of the Internet’s commercialization, and as a
co- founder of Proxicom, helped to build one of the first, largest, and most successful publicly traded e-business consultancies. Prior to joining WashingtonVC, Eric held senior executive roles in high growth Internet businesses, serving most recently as founder and CEO of Viaduct Technologies, a global Internet mobile technology, and management consulting practice. Previously, he was instrumental in building digitalNATION, a world leading web hosting and services provider, from its launch through its $100m acquisition by Verio Internet/NTT. Coincidentally, Mann sold one of his early companies, Internet Interstate, to Verio during the same era.
Eric began his career with technical and software engineering positions at GEnie, a pre-Internet online service provider, and NeXT Computer, Steve Jobs’ venture following his first tenure at Apple.
About WashingtonVC:
WashingtonVC (http://www.washingtonvc.com/) is a private equity fund that incubates early stage companies through the exchange of complementary technologies and marketing services. Modeled after the traditional Japanese keiretsu, WashingtonVC’s portfolio of interlocking companies share resources, talent and technology to deliver innovative products and services across a broad range of industries. Companies currently in the portfolio include Phone.com, Software.com, Yield Software, SEO.com, BrowserMedia, Graphics.net, Dial-A-Geek, X3O Emerging Technologies, StrongTech RFID, HappyBirthday.com, and DomainMarket.com. WashingtonVC has a deep and lasting commitment to social responsibility as expressed by its relationships with Grassroots.org and Make Change! Trust.
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