| Santa Barbara Technology Incubator Hires New CTO |
Santa Barbara Technology Incubator (“SBTI”) has added Larry Green as Chief Technology Officer. Charged with evaluating and identifying new technology business opportunities, Green will be a key member in guiding SBTI’s technology start-ups to success. Larry’s responsibilities will include technical due diligence on all new investments, working with portfolio companies to develop and refine their technology strategies and managing SBTI’s own in-house computer and communications infrastructure.
An industry veteran, Green has pioneered and implemented communications technologies for thirty-five years. Most recently Green served as Vice President of The Commerce Capital Group where he was responsible for business plan evaluation, analysis and strategy development.
“We’re excited to welcome Larry to the SBTI team,” commented Jason Spievak, VP of Investments at SBTI. “Larry brings tremendous depth in networking technologies and will have a significant impact on both our own technology infrastructure and the evaluation of new technology investment opportunities for SBTI.”
During his early career Green was employed at the University of California Santa Barbara where he managed research projects that lead to UCSB’s inclusion as one of the first four nodes on the ARPAnet, now the Internet. He also managed the research which lead to the first microprocessor running TCP/IP attached to the ARPAnet.
“I’ve been in training for this position for a long time, driving network technologies to market and building startup companies. I’m pleased to bring this experience to
the team environment at SBTI, “ stated Green.
Green has an extensive history of founding and operating successful technology companies. In 1981, Green founded Communication Machinery Corporation (CMC). A developer of Ethernet Node Processors supporting TCP/IP LANs, CMC was initially funded by Montgomery Securities and was later purchased by Rockwell International. Green served as a Founding Director of Wavefront Technologies starting in 1984. Wavefront was publicly traded on the Nasdaq until acquisition by Silicon Graphics in 1995.
Green co-founded Web Power Authority, Protocol Engines Inc. and Efficient Networks. Web Power Authority, of which Chase Corporation Boston was the lead investor, was bought by ACC in 1997. Protocol Engines spun-off of Silicon Graphics in an ambitious effort to cast transport protocols into silicon. Green wrote the business plan for this venture and attracted $6 million in equity funding from Xerox Ventures and matching funds from Silicon Graphics. Efficient Networks attracted $3.5 million in equity funding from Enterprise Partners, Crosspoint and El Dorado Ventures and completed IPO in 1999 (NASDAQ: EFNT.)
With an industry consortium of sixteen companies and twenty-four research organizations spanning eleven countries, Green also founded Xpress Transfer Protocol Forum (XTP Forum) and served as President from 1992 until 1995. XTP Forum defined protocols for high-performance LANs and pursued emerging applications in medical imaging, digital studios, interactive TV and military networks. XTP is now a military standard for vehicular LANs.
Green still serves on numerous ANSI, ISO and IEEE standards committees, driving emerging LAN standards to practice and product.