Entrepreneur, Advisor, CEO of Diomede Storage
Greater San Diego Area
- Current
-
- CEO at Diomede Storage
- EIR & Consultant at UCSD Connect
- Past
-
- Founder & CEO at MediaMax
- CTO at Streamload
- Founder & CEO at Streamload
- Education
-
- Pomona College
- University of Nairobi
- Brophy College Prep
- Recommended
-
8 people have recommended Steve - Connections
-
249
connections
- Industry
- Internet
- Websites
Steve Iverson’s Summary
Entrepreneur and senior technology executive - CEO, CTO, VP/Director of Product Management or Engineering.
- Founded 3 companies: 1 moderate success, 1 spectacular failure, and 1 still growing [great]. Great lessons learned from each.
- Won 2005 San Diego Venture Group Pitchfest ($10k prize).
- 2004 Ernst & Young Entrepreneur of the Year finalist.
- Awarded San Diego Metropolitan Magazine “40 under 40” distinction.
Steve Iverson’s Specialties:
Exceptional general management expertise in many facets of building and running technology companies:
- Vision and strategy
- Product & roadmap definition
- Project & engineering team management
- Offshore and distributed development cycles
- Hiring key personnel and building top-tier teams
- P&L acumen & disciplined financial management
- Strong internal and external communication
- Raising debt & equity capital
- Building an IP portfolio
- Technically proficient – can still code
Steve Iverson’s Experience
-
CEO
Diomede Storage
(Internet industry)
February 2009 — Present (10 months)
Diomede Storage is a green, energy-efficient cloud storage service for companies with archival and backup data. The Company is well positioned to compete against Amazon S3, the current market leader.
Diomede's patent-pending Hybrid Storage technology has introduced game changing economics to the backup, archival, and disaster recovery data storage markets.
- Secure enterprise storage for less than $0.01 per GB.
- Less than 0.5 microwatts per MB stored.
- 60 times less power consumption than traditional data storage systems. -
EIR & Consultant
UCSD Connect
(Internet industry)
September 2008 — Present (1 year 3 months)
I'm an active advisory board member of several San Diego based start-ups. My roles have ranged from quarterly guidance to hands-on strategic & product development.
-
Founder & CEO
MediaMax
(Privately Held; Internet industry)
July 2007 — July 2008 (1 year 1 month)
MediaMax was spun-out of Streamload taking over the company’s legacy subscription-based, consumer storage service.
- Started all new company from the ground-up: team, strategy, product, office & IT infrastructure.
- Raised $570k in new capital, hired and managed 12-person offshore engineering team, and successfully built an entirely new consumer web application and API.
- Maintained customer and partner commitments, and generated $1.5M in revenue in first 12 months.
- The Company ultimately failed due to complex IP licensing issues with the parent company and a massive technical failure. An extremely disappointing outcome, but many valuable lessons were learned. -
CTO
Streamload
(Privately Held; 11-50 employees; Internet industry)
January 2007 — June 2007 (6 months)
-
Founder & CEO
Streamload
(Privately Held; Internet industry)
June 1998 — December 2006 (8 years 7 months)
Streamload was a market-leading, best-of-class service in the consumer “online storage” space. The Company's award-winning service enabled customers to store, share, and manage all of the digital data in their lives.
- 25,000+ paying consumer subscribers
- 80,000+ new trial accounts created every month
- Rated best in class by leading publications
- Managed 1,100+ TB of data on proprietary storage system
- Over 50% of customers were outside the US
- Maintained profitability for more than 3.5 years
I founded Streamload while in college, grew the Company to a $3M annual run rate, and later sold my interest to a private equity firm. Starting with zero and growing to 22 full-time employees over eight years, I maintained many roles while growing Streamload:
CEO
- With only $550k of equity financing raised in February 2000, after 16 months I brought the company to profitability and positive cash flow, and then maintained profitability for the next 3.5 years, with revenues achieving a $2.8M annual run-rate.
- Attracted and retained top talent to build a strong executive team and employee base.
- Raised two additional rounds of venture capital totaling $2.5M.
- Closed $500k in debt financing from both government and institutional investors.
CTO
- Architected a highly-scalable proprietary storage system that gave Streamload a significant technological advantage over competitors. Managed more than 8 billion customer files.
- Grew cost-effective datacenter operations to 150+ servers in 22 cabinets.
- Led software engineering team of 8 until first full-time VP of Engineering was hired.
PRODUCT MANAGER
- Acted as lead product manager through seven major product cycles during the company’s first 8 years.
BUSINESS DEVELOPMENT
- Participated in establishing, negotiating, and maintaining partnerships with Philips Electronics, New Mexico State University, AMD, Sprint, and others.
Steve Iverson’s Education
-
Pomona College
BA , Computer Science , 1994 — 1998
3.9 GPA within major.
- Activities and Societies:
- SageHen Hoops 1994-1998
-
University of Nairobi
Study Abroad 1996 — 1996
- Researched and lived in rural Kenya in Chande, a village on Kiwayu Island near Somalia.
- Learned conversational Swahili.
- Didn't use a computer for about 5 months. -
Brophy College Prep
1990 — 1994
Additional Information
Steve Iverson’s Websites:
Steve Iverson’s Interests:
C/C++, C#, .NET, SQL, Python, cloud computing, virtualization, data structures, database schemas, green technologies, MFC, large storage systems, data center build-outs, networking & IP transit, BASIC, DOS family, running, triathlons, swimming, hiking, basketball, tennis, sailing, programming, games, old cars, travel
Steve Iverson’s Groups:
-
Agile Project Management -
Pomona College Alumni -
San Diego Business -
CXO (CEO, COO, CKO, CFO, CMO, CAO, CVO, CDO, CRO, CLO, CSO & CTO) Community -
Startup Specialists -
Cloud Computing -
Southern California Venture Capital Community -
San Diego IT Professionals -
San Diego C-Level Executives -
Serial Entrepreneurs -
MOCCA -
Brophy College Preparatory -
SANDIOS - San Diego Online Society -
Cloud Computing Interoperability Forum (CCIF) -
IT Executive Roundtable -
San Diego CEO & Founders Lunch -
Streamload Alumni -
Sales and Marketing Professionals Promoting HighTech and Technology in Los Angeles and its Vicinity -
CONNECT - Springboard -
Pomona College Career Connections
Steve Iverson’s Honors:
- 2004 Ernst & Young Entrepreneur of the Year finalist.
- Won 2005 San Diego Venture Group Pitchfest ($10k prize).
- Awarded San Diego Metropolitan Magazine “40 under 40” distinction.
- 2002 Person to Watch by T-Sector Magazine
Steve Iverson’s Contact Settings
Interested In:
- career opportunities
- consulting offers
- new ventures
- job inquiries
- expertise requests
- business deals
- reference requests
- getting back in touch
