Acting Managing Director of RedCrow Ventures
Corporate Venture Capital, Technology Transfer Venture Creation
As past Managing Director of Cleveland Clinic Ventures (CCV), Jack reported to the Chief Investment Officer where the team implemented corporate venture capital-level diligence on Cleveland Clinic IP-based startups. Jack worked closely with Cleveland Clinic Innovations (CCI) translating intellectual property (IP) from Cleveland Clinic into high performing startup companies. The Ventures team included a team of Venture Partners (HIT, Life Sciences, and Medical Devices), shared services in financial, legal, and HR, two Executives in Residence, and Senior Medical Advisor, Operations, and a Venture Associate and Venture Fellow. Since 2000, Cleveland Clinic has launched nearly 80 startup companies which have returned an average of $3 million dollars annually to advance the Clinic’s mission. Before joining the CCV team in 2016, Jack was responsible for managing the ventures team at the University of Michigan’s Office of Technology Transfer. Jack joined the University of Michigan in 2011 and helped launch more than 50 startup companies, managed a portfolio of 300 companies, the Venture Accelerator (14,000 square foot wet lab and office space), Mentors in Residence Program, and Business Formation Team. Companies from the Michigan Ventures portfolio raised billions of dollars over the years, $700 Million in Venture Capital between 2011 and 2016 alone.