Bob is one of the co-founders of the firm and has been the chief executive officer of the management companies from the outset. Prior to that, his 22-year career at Fidelity Bank in Philadelphia, a leading regional commercial financial institution, saw an ever increasing level of responsibilities.
When he left the bank in 1989 he was Vice Chairman responsible for most of the bank’s commercial lending and non-banking subsidiaries. He oversaw significant growth and market expansion during his tenure as well as entry into new service markets such as investment banking.
He also served as chairman of the board of Safeguard Scientifics, Inc. (NYSE: SFE) for 10 years, helping to guide the company through the challenging transition from the excesses of the late 1990s, and of Internet Capital Group, Inc. (NASDAQ: ICGE), a highly successful business co-founded by TL Ventures.
Bob was formerly chairman of the board of The Reinvestment Fund, a $400 million not-for-profit community investment institution in the mid-Atlantic region, which focuses on rehabilitating neighborhoods, real estate, charter school lending, and renewable energy.
He also served as chairman of Ben Franklin Technology Partners of Southeastern Pennsylvania, a seed-stage financing source, funded by the Commonwealth of Pennsylvania. In addition, he was the 2008 Early Stage East Honorary Co-Chair.
Bob is a graduate of Amherst College and Temple University School of Law. Bob was awarded the Blair Thompson award for lifetime achievement in venture capital by the Greater Philadelphia Venture Capital Group in 1999. He was recognized as a distinguished alumnus by Temple University School of Law in 2004 and was honored by the Network For Teaching Entrepreneurship/Philadelphia with their 2010 Visionary Award.