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Capital Connection Unveils Inaugural Entrepreneur Advisory Council


Sonatype, SnappCloud CEOs Named to Guide Entrepreneurial Focus

The Mid-Atlantic Venture Association today announced the formation of a newly created Entrepreneurial Advisory Council with the naming of two CEOs and visionaries as inaugural members – Wayne Jackson, CEO of Sonatype and David Steinberg, CEO of SnappCloud.

As accomplished entrepreneurs and business leaders, the new council will help spearhead programs to meet the unique needs of high-growth companies, benefitting the upcoming Capital Connection 2012 conference and TechBUZZ with valuable advice from “shining stars” of past Capital Connections conferences.

“Valuable input from luminaries like Wayne Jackson and David Steinberg will ensure the spotlight is on valuable opportunities for seasoned and up-and-coming high performing companies during the one-and-half-day business conference,” said Julia Spicer, Executive Director of the Mid-Atlantic Venture Association.  “As previous participants at Capital Connection, the members of the Entrepreneurial Advisory Council know first-hand what is most relevant to our target audience of CXOs, company builders and entrepreneurs.  There is no one better to advise on meaningful content than those who have walked in similar shoes.”

Sonatype CEO Wayne Jackson made his first appearance at Capital Connection when his company, Sourcefire, first presented its business plan at the 2005 event. As chief executive of Sourcefire, Jackson took the start-up through IPO in March 2007, achieving a peak valuation of over $750 million.  His aggressive business direction resulted in Sourcefire being the first open source vendor to go public in 10 years and the first security vendor to go public in five years.

Prior to joining Sourcefire in 2002, Jackson co-founded Riverbed Technologies and served as CEO until successfully positioning the company for sale at $1 billion in 2000. 

As keynote speaker at the FastTrack seminar during last year’s inaugural TechBUZZ program, David Steinberg delivered an insightful presentation based on his 30 years of high tech company building in Washington, D.C. and Silicon Valley.  Currently CEO of SnappCloud, Steinberg’s career spans sales, operations, technology and executive management roles for companies including BNX Software, Check Point Software and SynOptics which became Bay Networks after a merger.  Prior to SnappCloud, Steinberg’s success as CEO at SwapDrive resulted in the company being sold to Symantec in 2008 for $124MM, an eleven times return on investment. Steinberg has also recently served as director or advisor to many local start-ups including SolSystems, Dormify, SingleClick, Contactually, Venga, MessageRadius and more.

Key features at this year’s Capital Connection 2012 and TechBUZZ conference include:

• Who’s Hot:  A who’s who of “Top Tech” companies from around the country.
• What’s the BUZZ?:  The high-energy, fast-pitch TechBUZZ program, showcasing what’s new and fresh from Seed Stage startups.
• Easy Access: A new rate structure to make the conference accessible to a broad range of entrepreneurs, angel investors, incubators and companies across all stages of growth. 
• Opportunity to Tell the Company Story:  An unparalleled opportunity for early, growth and late stage firms to present business models for investment and showcasing of success.

Capital Connection, one of the nation’s most respected industry conferences, will be held this year on May 23-24 in Washington, D.C. Registration for Capital Connection 2012 and its featured innovative TechBUZZ event is now open on the conference website located at Applications are now being accepted for both TechBUZZ and Capital Connection.  Applications for Capital Connection are due April 9th and applications for TechBUZZ are due on May 4th.

About Capital Connection
In its 25th year, Capital Connection brings together the broad community of entrepreneurial companies and potential partners to help enhance business and economic growth. Opinion leaders from business and government share their knowledge and expertise, along with leading technology companies at all growth stages who showcase their capabilities to a nationwide audience of investors, advisors, partners and entrepreneurs at the annual signature event. Launched in 2011, TechBUZZ provides start-ups and seed-stage companies center stage in spotlighting the “next big thing.” For more information and to register, go to