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McIntyre Associates – MeshNetworks connection (DOD wireless tech commercialization) * acquired by Motorola (NYSE – MOT)
12/2004 MeshNetworks
was founded with the vision that the Mobile Internet should exploit the same
proven architecture found in the wired internet. This architecture is based
on a distributed mesh network that supports broadband data speeds by
leveraging routing intelligence at the edge of the network. Using advanced ad
hoc routing, Mesh is first to bring the advantages of the Internet's
self-forming, self-healing, self-balancing architecture to mobile networks. Retained Search
Projects (1999 - 2001) CEO Board Member General
Consulting Richard Licursi, MeshNetworks’
founding CEO and initial (Angel) investor is a long-term client. We worked together in the past to
build the management team for another wireless startup, Phoenix Wireless
Group/Lucent. (In fact, he brought some of the executives McIntyre Associates
placed there to MeshNetworks, including his current VP Worldwide Sales and
Director, of Product Development). Richard and I also worked together on
Saville Systems, the first telephony billing IPO, where he served on the
Board of Directors. Thanks to his introduction, I successfully executed 15
international searches at Saville over a 3-year period, during which they
grew from $15M to $180M, completed a secondary offering and split twice. The
Formation of MeshNetworks - In 1999
Richard called and asked me to participate in reviewing a rough draft
business plan for a DOD technology-based company with IPR from ITT Avionics.
He flew up to Hartford and we spent the day analyzing the opportunity from a
number of angles. Next I visited him in Orlando, where he introduced me to
MILCOM Technologies, a DOD technology accelerator www.milcomtech.com,
which was helping to incubate the project while the deal was being finalized.
We explored strategies around how best to staff the new company for rapid
commercialization of this unique wireless IPR. Working for
a combination of equity & cash, my role transitioned from high-level
strategy, to determining what type of CEO could best “operationalize the big
idea” by establishing, and scaling this raw technology play into a commercial
company with working products in the field. Secondary considerations included
BOD members, and senior managers. McIntyre
Associates designed a search plan, and launched a full-out recruiting
campaign, actively considering marquee wireless executives from major
industry players. We successfully delivered a highly technical CEO who had
been the key driver in building, and turning up one of the pioneer wireless
networks in North America. He quickly decided on a market approach, and
worked closely with the founder to scale the company around a handful of DOD
engineers, IPR and limited startup capital. This CEO took the nascent company
(then called Tegenar Networks) from 6 to 100+ employees over a two-year
period, and put working commercial products in the field from which to
develop a Qualcomm-model licensing enterprise. We also
delivered a specialized wireless executive as one of the initial board
members, and provided consulting services emphasizing specialized
recruitment, but including assistance with fundraising, industry networking
& PR, and competitive intelligence. MeshNetworks, Inc. is a true success story – a pioneer in commercializing ad hoc wireless technology, and the acknowledged leader in the burgeoning field of mesh networking. I am proud and grateful to have had the opportunity to play a significant role in helping to get this company off the ground and running. |
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