Executive Limited Partners
Yaletown’s Executive Limited Partners (“ELPs”) are investors who form part of Yaletown’s network of resources within the regional technology community. In addition to being valuable sources of new deal flow, the ELPs have executive management or investing experience in the technology industry and are available for Yaletown’s portfolio companies as a resource. While they do not participate in the management or operations of Yaletown, our ELPs are also called upon to contribute from time to time when the Yaletown General Partners are performing due diligence on potential investments. The bios of some of our ELPs are listed below.
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Colin C. Harris
Chief Operating Officer of PMC-Sierra
Colin is Chief Operating Officer of PMC-Sierra Inc. Colin is a founder of PMC-Sierra, has served as Vice President, Chief Operating Officer since February 2007. Prior to this appointment, he served as Vice President of Worldwide Operations at PMC-Sierra from July 2004 and Vice President of IC Technology from May 1997 to July 2004. Colin is an elected member of the Global Semiconductor Association Board of Directors and serves on the advisory board of the Design for E-Beam (DFEB) initiative. Colin currently also serves on the board of directors for Yaletown portfolio company Redlen Technologies.
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Steven Hnatiuk
Co-founder and Executive Limited Partner
Steve co-founded Yaletown Venture Partners in 2001. He has 20 years' experience in technology, business development, and private investment. Active as an investing partner at Yaletown until his departure in 2010, Steve led Yaletown’s investments in Partnerpedia, Genologics, and Mixpo - which in 2009 was named to the OnMedia 100 list of the most promising private digital media companies in North America. Steve's other venture/angel investments have included successes such as ActiveState, acquired by Sohpos in 2004, and Bycast, acquired by NetApp in 2010. Prior to co-founding Yaletown, Steve started and built TD Bank's technology financing group in BC where he backed a portfolio of emerging technology companies during the 1990s – a formative decade in the region’s technology industry. Steve began his career as a software engineer with Accenture and served as an executive in the Technology & Entertainment group at PricewaterhouseCoopers. Active in industry and community, Steve is on the boards of DigiBC, the Canadian Venture Capital & Private Equity Association, Science World’s Capital Cabinet, the Pacific Parklands Foundation, the provincial riding Executive for BC’s Minister of Finance, and is on the editorial boards of Canadian Private Capital magazine and Business in Vancouver newspaper. He is a graduate of the University of British Columbia and British Columbia Institute of Technology magna cum laude.
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Neil Melliship
Partner, Clark Wilson LLP
Chair, Clark Wilson LLP Technology and Intellectual Property Practice Group
Neil is a Partner and the Chair of Vancouver-based Clark Wilson LLP's Technology and Intellectual Property Practice Group. His practice includes outsourcing and complex licensing and alliance transactions in the information technology sector as well as counselling clients on identifying, protecting, enforcing and commercializing their trademark, domain name, copyright, trade secret and other valuable intellectual property rights, and performing intellectual property due diligence in merger, acquisition and financing transactions. Neil is listed in the 2011 edition of The Best Lawyers in Canada in the area of Technology Law. His clients include a wide array of computer software developers, hardware and electronics manufacturers, major financial and insurance service providers, public bodies and other businesses involved in developing, commercializing, acquiring and implementing information technology-based products and services. He is a long standing member of the British Columbia Technology Industries Association, the International Trademark Association and the Intellectual Property Institute of Canada. Neil lectures at programs and conferences on various topics relating to licensing, electronic commerce and intellectual property due diligence, protection and enforcement.
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Eric Patel
Executive Limited Partner
Eric Patel was first elected to the Ritchie Bros. Board in 2004. Mr. Patel has extensive business and financial experience, most recently as CFO of Pembrook Mining Corp. (formerly Paget Resources Corporation), a private mining company that he left in 2010. Prior to that Mr. Patel acted as the CFO of Crystal Decisions, Inc., a privately held software company. Mr. Patel joined Crystal Decisions in 1999 after holding executive level positions, including that of CFO, with University Games, Inc., a privately held manufacturer of educational toys and games. Before 1997, Mr. Patel worked for Dreyer’s Grand Ice Cream as Director of Strategy, for Marakon Associates strategy consultants and for Chemical Bank. Mr. Patel sits on the Advisory Board of ACL Services Ltd, the board of Daiya Foods Inc. and is treasurer of B.C. Social Ventures Partners, a not for profit-organization. Mr. Patel holds an MBA degree. Mr. Patel is currently a member of the Audit Committee and is Chair of the Nominating & Corporate Governance Committee.
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Matthew Peters
Regional Managing Partner, BC
Partner, Technology Group
Matthew is the Regional Managing Partner, British Columbia, and a partner in the Technology Group in Vancouver. He practices in the areas of financings, mergers and acquisitions, outsourcing, alliances and technology distribution, with an emphasis on complex commercial transactions. Matthew appears in the 2010 edition of The Best Lawyers in Canada in the area of information technology law. He is also recognized in the 2010 Canadian Legal Lexpert Directory, a guide to the leading law firms and practitioners in Canada, as a leading lawyer in the areas of technology and private equity. Highlights of his recent experience include acting as lead counsel and negotiator in a number of large business process outsourcings, one of which was the largest in its market in Canada, complex licensing and alliance arrangements; and complex commercial telecommunication transactions. Matthew is currently a DigiBC board member and a Vancouver Enterprise Forum board member. He also lectures at various programs and conferences on numerous topics including outsourcing, privacy, mergers and acquisitions and start-up issues.
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Don Safnuk
President & CEO, Corporate Recruiters
Don Safnuk is President and CEO of Corporate Recruiters. He founded Corporate Recruiters in 1980 as one of the first search firms in Canada to focus exclusively on the technology industry and his firm continues to be an established leader in technology search. Previously he co-founded a financial services firm focused on serving the technology sector and was CEO of a Vancouver-based technology company.
Safnuk has been active with organizations supporting BC’s technology sector and the community in general for over 20 years. He served on the board of the BC Technology Industries Association (BCTIA) for six years. Don is a founding partner of BC Technology Social Venture Partners where he served three years as chair and continues on the board of directors. He is also currently on the board of VIATeC, the Vancouver Island Technology Industries Association and a past director of a Vancouver private school and the Vancouver Aquarium.
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Bijan Sanii
President & CEO INETCO
Bijan has more than 20 years history as a technology industry executive. Prior to joining INETCO, Bijan was Executive Chair at UB Video, which developed one of the key enabling technologies for video over IP. He provided leadership and guidance that culminated in the acquisition of the company by Scientific-Atlanta (now a Cisco company). Prior to UB Video, Bijan was the General Manager of the Infowave’s Imaging Division, where he successfully led a restructuring of the business and generated a record operating profit in 1998. He was later appointed Infowave's Chief Operating Officer and CEO where he worked on Infowave's IPO and negotiating strategic partnership agreements with Intel Corp, Compaq Computer Corporation, and other technology industry leaders. Bijan currently serves on the Board of Directors for ACETECH and The Indus Entrepreneurs (TiE).
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Keith Spencer
Partner, Technology and IP Group
Keith Spencer is a partner with the Technology and Intellectual Property Group and chairs the Vancouver office's Securities and Technology Business Unit. Keith's clients range from start-up and emerging technology companies to large multi-national technology and telecom companies, and parties in outsourcing transactions. He is a member of various boards and advisory boards for a significant number of private early-stage technology companies. Keith was in-house counsel to the Vancouver-based Wireless Data Group of Motorola, Inc. (formerly MDI Mobile Data International), where he had overall responsibility for its legal affairs. Keith currently acts as counsel for several Yaletown portfolio companies including Genologics Life Sciences, Redlen Technologies, and Indicee Inc.
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Andy Wright
Executive Limited Partner
Andy co-founded and was the CTO of Datum Telegraphic Inc., a company specializing in signal processing solutions for third generation wireless systems. Upon the company’s acquisition by PMC-Sierra, Andy became Director of Wireless and Signal Processing Product Research and IPR management, where his attention was focused on sustaining wireless technology development, and management of the intellectual property and patent program. Currently, Andy is a director of Actenum, Zymeworks Inc., and Pharos Capital. Andy holds a Ph.D. in Microwave Engineering, has published numerous research papers, and has been awarded more than 30 patents.