Tom Nastas

Current

• Independent Director, Board of Directors at Board Member, Independent Director, Sotsgorbank, Moscow, Russia
• President at Innovative Ventures Inc

Past

• Chief Investment Officer, Senior Advisor in Venture Capital at Russian Invest Fund, HP Russia, IFC, Canadian Development Bank, Financiere St. Dominique & Others
• Member, Board of Directors at Member, Board of Directors, MRCI, Sakhalin, Russia & Seattle, WA
• Member, Board of Directors at Frank's Ice Cream, Magadan, Russia

• Member, Board of Directors at Flexoprint, Volgograd, Russia
• Observer, Board of Directors at Applied Intelligent Systems Inc., Ann Arbor Micigan
• Observer, Board of Directors, Manage Venture Capital Investment Portfolio at Lada Xleb, Rolti, Neogen Corp., Gateway Systems, Personal Bibliographic Systems, Face Technologies

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Education

• Michigan State University, BA & MBA

Connections

226 connections

Industry

Venture Capital & Private Equity

Websites

• My Company

Tom Nastas’s Summary

Entrepreneur/Founder, Innovative Ventures Inc. (IVI), Lansing, MI, & Moscow, Russia. Created IVI to invest venture capital (VC) $ into US technology companies. Marketed IVI’s entry into Canada, Europe, Africa & the CIS; established relationships, access markets, raised $ to finance the start-up & mgt of int’l cash flow & VC funds. Managed the P&L, led int’l bus dev thru sales & execution

Early career: Product dev engineer, Ford Motor Company: Manager of product planning & mkt dev at Multifastner Corp., & Donnelly Mirrors (auto suppliers): Mgt consultant to AMF, Lear Sigler, Votrax Speech Synthesis, Sinteris Magnetics, Chinese Computer Comm., Recomtex & four others

Tom Nastas’s Specialties:

International venture capital and private equity, international business development, member, Board of Directors of international companies

Tom Nastas’s Experience

• Independent Director, Board of Directors

  Board Member, Independent Director, Sotsgorbank, Moscow, Russia

  (Privately Held; 501-1000 employees; Banking industry)

  July 2007 — Present (11 months)

  Elected as 1st foreign independent director by shareholders. Establish corporate governance, capital raising & expansion, SME lending, market branding

• President

  Innovative Ventures Inc

  (Privately Held; 1-10 employees; Venture Capital & Private Equity industry)

  July 1986 — Present (21 years 11 months)

  The business of Innovative Ventures Inc. (IVI) is venture capital, and we provide financial institutions with advisory services to invest in international and emerging market venture capital (VC) funds. We develop markets and entrepreneurs since the emerging countries lack the quality and quantity of companies for venture capital investment. Our CIS High Technology Partnership Initiative™ molds great technology into viable companies through cross-border partnerships, and IVI’s Russian Technology Investment Forum™ introduces early stage Russian technology enterprises to international strategic and venture capital investors. Learn about us at www.IVIpe.com

• Chief Investment Officer, Senior Advisor in Venture Capital

  Russian Invest Fund, HP Russia, IFC, Canadian Development Bank, Financiere St. Dominique & Others

  (Privately Held; 51-200 employees; Venture Capital & Private Equity industry)

  May 1992 — 2007 (15 years)

  Developed fund strategies, docs for $ raising, deal sourcing thru structuring & mgt of investees, training of staff & interim mgt. 100+ enterprises financed in Africa, Canada, W. Europe & Russia
  • C$100MM Venture Lending VC Fund, Canadian Development Bank
  • $200MM IFC sponsored Africa Enterprise Fund, Sub-Sahara Africa
  • $10MM EU Tech Performance Financing Scheme (TPF), W. Europe
  • Financière St. Dominique (assets=$1.5 Billion), Paris
  • $5MM World Bank E. Africa Fund of Funds; Kenya, Tanzania & Uganda
  • $30MM IFC sponsored Succession Fund for South Africa
  • Advisor and later, Chief Investment Officer: Direct operating role in EBRD $30MM HP LP Russia Fund. Managed offices in Volgograd, Samara & Saratov, total staffing of nine (9)
  • Managing Director, Russia Far East, US Gov’t $440MM Russia Investment Fund. Execute re-start of operations/investment; staff of eight (8) in Vladivostok, Khabarovsk & Sakhalin

• Member, Board of Directors

  Member, Board of Directors, MRCI, Sakhalin, Russia & Seattle, WA

  (Privately Held; 201-500 employees; Fishery industry)

  October 1998 — October 1999 (1 year 1 month)

  Major Accomplishments: Quarterly reporting. Approved new $1.5MM follow-on investment. Management buyout of equity from Fund

• Member, Board of Directors

  Frank's Ice Cream, Magadan, Russia

  (Privately Held; 11-50 employees; Consumer Goods industry)

  October 1998 — October 1999 (1 year 1 month)

  Major Accomplishments: Monthly reporting. Stopped further financing due to non-performance of Investee

• Member, Board of Directors

  Flexoprint, Volgograd, Russia

  (Privately Held; 11-50 employees; Printing industry)

  September 1997 — October 1998 (1 year 2 months)

  Major Accomplishments: Monthly reporting. Executed int’l corporate governance procedures. Arbitrator in mgt team dispute; replaced General Director with Finance Director. Sales growth to $9 million

• Observer, Board of Directors

  Applied Intelligent Systems Inc., Ann Arbor Micigan

  (Privately Held; 51-200 employees; Computer Hardware industry)

  January 1987 — November 1989 (2 years 11 months)

  Major Accomplishments: Monthly reporting. Scale up the mgt team, separated bus dev., mkting & sales function from President to VP. Led sale of cash flow investment for equity. Cash returns of $500k + 10x equity in trade sale to ESI

• Observer, Board of Directors, Manage Venture Capital Investment Portfolio

  Lada Xleb, Rolti, Neogen Corp., Gateway Systems, Personal Bibliographic Systems, Face Technologies

  (Privately Held; 51-200 employees; Computer Software industry)

  January 1987 — November 1989 (2 years 11 months)

  Accomplishents:
  Lada Xleb, Samara, Russia: Implemented quarterly reporting
  
  Rolti, Samara, Russia: Located & engaged UK industry expert to open new markets & expand business
  
  Saratov Wallpaper, Saratov, Russia: Implemented quarterly reporting
  
  Neogen Corp, Lansing, MI: Monthly reporting. Manage investment. Cash returns of $120k + IPO gains. Revenues growth, $50,000,000
  
  Gateway Systems, Okemos MI: Monthly reporting. Co-led follow-on financing. Cash returns of $300k & sale of royalty investment
  
  Personal Bibliographic Systems Inc., Ann Arbor, MI: Monthly reporting. Scale up mgt. team & strategy to exploit opts in the search business. Cash returns of $175k + trade sale to Thompson
  
  Face Technologies, Southfield MI: Monthly reporting. Liquidated investee due to non-performance. Asset sale generated $50k

Tom Nastas’s Education

• Michigan State University, BA & MBA

  MBA from Michigan State University, Marketing

  Activities and Societies:

  Contributions to Russia: Develop future leaders
  
  1.) Professor of Marketing, American Institute of Business & Economics, Moscow; evening MBA program. Co-led annual case analysis competition of 10 Moscow based MBA schools.
  2.) Advisor, Pericles, Moscow. Tutor Russians for admission to int’l MBA universities, assist in preparation of essays & interviews. Successes? 90+ students enrolled in London School of Economics, U of C Berkeley, Chicago, Duke, Harvard, MIT, Stanford, Wharton, INSEAD

Additional Information

Tom Nastas’s Websites:

• My Company

Tom Nastas’s Interests:

Emerging markets, venture capital, technology and innovation.

Tom Nastas’s Groups:

Softbank VC

•    Global Private Equity & Venture Capital member

Tom Nastas’s Honors:

Publications in internationally recognized journals (see, www.IVIpe.com)

1.‘ The GoForward Plan to Scaling-Up Innovation,’ Russian edition, Harvard Business Review, June 2007
2. ‘Scaling-Up the Innovation Ecosystem,’ Hungarian edition, Harvard Business Review, Oct., 2007
3.‘A GoForward Plan to Generating Prosperity,’ Vedomosti &, Moscow Times
4. ‘Scaling Up Innovation,’ Russian Investment Review, April/May 2006
5. ‘Scaling Up Innovation, the Path to Prosperity,’ Alternative Assets
6. ‘Comment on Innovation,’ Nairobi Daily News, May 2007
7. ‘Russia, Oil, VC & Tech,’ Russia Investment Review, 2006
8. ‘The Bus Development Story in Russia,’ Hart E&P, Dec. 2005
9. ‘Innovation in Russian Oil/Gas,’ Securities Mkts, April 2005
10. ‘New Directions in European Private Equity,’ European VC Journal, Feb. 1992
11. ‘Balancing Risk/Return, Limit Risk w/o Slashing Returns,’ Asian VC Journal, Dec. 1991; US VC Journal, November 1991; UK VC Journal, June 1991; Canadian VC Journal, Dec. 1990

Tom Nastas’s Contact Settings

Interested In:

• career opportunities
• consulting offers
• job inquiries
• expertise requests
• business deals
• reference requests
• getting back in touch