Stephen T. McGrath, CEO, Spencer Trask Emerging Technologies Group

Since September 2004, Mr. McGrath has been chief executive officer of Spencer Trask Emerging Technologies Group, LLC where he is responsible for identifying, mentoring and realizing value in early stage companies in the communications, networking, information technology and Internet sectors in Silicon Valley, California.

In July 2000, Mr. McGrath founded and was the managing general partner of McKenna Capital, LLC, an early-stage information technology and communications venture capital fund formed in partnership with Regis McKenna and the McKenna Group, LLC. Prior to that, he was the founder and director of Strategos, a strategy innovation consulting company, from January 1995 to June 2000, and a manager at the MAC Group, an international strategy consulting company, from October 1991 to December 1994.

Mr. McGrath received a B.A. and M.A. in Physics and Theoretical Physics from Cambridge University, and an M.B.A. from Stanford Graduate School of Business.