Bud Colligan

Bud Colligan

Colligan in 2014
Born August 14, 1954 (1954-08-14) (age 62)
Los Angeles, California
Nationality American
Alma mater Georgetown University
Stanford University

John C. “Bud” Colligan is a community activist,[1][2] social entrepreneur,[3][4] investor[5][6] and company builder.[7][8] He is Co-Chairman of the Monterey Bay Economic Partnership,[9] a non-profit community-development organization, founder and CEO of South Swell Ventures,[10][11] a private investment firm, former partner at Accel Partners,[5] a global venture capital firm, and former Chairman and CEO of Macromedia,[12] a multimedia software company.

Early Life and Education

Colligan was born in Los Angeles, CA and raised in Glendale, CA. One of six siblings, he graduated in 1972 from Loyola High School.

He attended Georgetown University in Washington, D.C. While there, he led Students of Georgetown, Inc (known as “The Corp”), an organization offering Georgetown students hands-on experience running businesses, while concurrently funding philanthropic causes throughout the campus community.[13] During his tenure at the Corp, Colligan founded Vital Vittles, which is today one of the nation’s largest, student-owned and operated businesses.[14] In 1976, Colligan graduated cum laude and Phi Beta Kappa from the Edmund A. Walsh School of Foreign Service at Georgetown with a BSFS in International Economics.[15]

In 1983, Colligan earned an MBA from the Stanford Graduate School of Business.

Community Activism

Colligan has been a community builder for more than 30 years focusing on economic development[16][17][18] and education.[19]

Economic Development

Colligan co-founded, served as Chairman of the Board from 1998 to 2010, and is currently Chairman Emeritus of Pacific Community Ventures.[3][20][21]

PCV pioneered a new kind of venture-philanthropy, integrating traditional investment, active support and impact measurement into its funding equation. From 1998 to 2015, PCV raised and deployed more than $100 million in philanthropic and community-focused capital. These investments helped 3,000 California businesses to create or retain more than 30,000 jobs.[22] PCV was recognized as one of the “25 brilliant California ideas of the last quarter century,” by both University of California at Los Angeles and University of California at Berkeley.[23]

Colligan sits on the Leadership Council of Opportunity Fund,[24] the nation's leading, not-for-profit, microfinance provider. From 1995 to 2015, the fund invested over $300 million into California-based communities.

Colligan is spearheading the expansion of both Opportunity Fund and PCV into Monterey, Santa Cruz and San Benito counties.[2][25][26] The David and Lucille Packard Foundation, the Community Foundation for Monterey County and the Community Foundation for Santa Cruz County announced support for Opportunity Fund's micro lending efforts in 2014.[27]

Colligan is a founding board member of Santa Cruz Works, a non-profit organization focused on developing jobs and a thriving eco-system for science and technology companies in the Monterey Bay region.[28][29][30] He is also Co-Chairman of the Monterey Bay Economic Partnership, whose mission is to foster regional economic development that works for all stakeholders.[31][32][33][34]

Education

Since 2011, Colligan has been an investor in and advisor to EdSurge,[35] which acts as a “Consumer Reports” for best practices and products in the education technology space. He was also lead independent director and investor in lynda.com, which pioneered online video learning before its successful acquisition by LinkedIn in 2015 for $1.5 billion.[36][37]

Colligan served on the Board of Directors of JobTrain from 2001 to 2010 and as Chairman of the Board from 2007 to 2009.[38] JobTrain is a community-based education center that combines vocational training, academics and life-skills development. Since JobTrain's founding, it has helped more than 150,000 low-income individuals with their lifelong learning and job placement objectives. Colligan is an investor in and on the Board of Advisors of Digital NEST,[39] which provides access and creates opportunity for underserved youth to learn digital skills.

An active supporter of Georgetown University, Colligan served from 1998 to 2015 on the Board of Visitors for the Edmund A. Walsh School of Foreign Service.[15] He also served on Georgetown’s Board of Regents from 2003 to 2009.[15] In 2007, Colligan co-founded the Georgetown Technology Alliance (GTA) and served on its Board of Directors until 2015.[40]

Business career

In 1983, Colligan joined Apple Inc. as part of the team that launched the groundbreaking Macintosh personal computer.[41] He later headed Apple’s higher-education marketing group and grew revenues to more than half-a-billion dollars within three years.[42][43][44] During his tenure at Apple, Colligan funded and sponsored Apple's visionary Knowledge Navigator video that premiered at Educom in 1987.[45]

As an early expert in education technology, in 1989, Colligan was recruited to be the CEO of Authorware, a computer-based learning software provider.[12] In 1992, he co-founded Macromedia, resulting from the merger of Authorware and MacroMind-Paracomp.[46][47] He served as CEO of Macromedia from 1992 to 1997 and took the company public on NASDAQ in December, 1993.[48][49] In 1996, Ernst and Young recognized Colligan as the “Software Entrepreneur of the Year.” He served as Chairman of the Board of Macromedia until July, 1998. During Colligan’s tenure, Macromedia’s annual revenues grew to more than $100 million.[50] In 2005, Adobe Systems acquired Macromedia for $3.4 billion.[51]

Colligan was a partner at Accel Partners from 1998 to 2015, and focused on investments in software, digital media, education, mobile and cloud computing.[5][7][52] He has been an investor and board member at lynda.com (LinkedIn),[53][54] CNET Networks (CBS Interactive),[55] Brightmail (Symantec),[56] Yodlee (Envestnet),[57] and Days of Wonder (Asmodee).[58] As part of his investment activities in Monterey, Santa Cruz and San Benito counties, Colligan led the formation of Central Coast Angels in late 2013 to provide capital and mentoring to early stage businesses in the Monterey Bay region.[6][8][59] He is an investor in and advisor to NextSpace, PredPol, PayStand,[59] Water City, EdSurge, Wheelhouse, InBoard[60] and Tixr.

Personal life

Bud Colligan is married to Rebecca Colligan. They live in Santa Cruz, California and have three sons.[61]

Recognition

1996: “Software Entrepreneur of the Year”, Ernst and Young.[62]
2002: Finalist for the Thomas W. Ford Award for Community Service.[1]
2012: Leadership in Energy and Environmental Design, GOLD[63]
2013: Outstanding Director, Silicon Valley Business Journal and San Francisco Business Times.[7]
2013: The John Carroll Award, Georgetown University.[15]
2014: Ebbie Award for Economic Development, Pacific Community Ventures [64]

References

  1. 1 2 "Bud Colligan among finalists for Thomas W. Ford award". The Almanac. October 16, 2002.
  2. 1 2 Taylor, Dennis L. (May 29, 2013). "Key small-business help coming to Salinas". The Californian.
  3. 1 2 Miller, Matt (December 9, 2011). "Social entrepreneurs: Bud Colligan". The Deal Magazine.
  4. ↑ Cortese, Amy (June 23, 2002). "Personal Business; This Summer Camp Grows Young Entrepreneurs". The New York Times.
  5. 1 2 3 "Accel Partners, Bud Colligan". Accel. Retrieved 9 June 2013.
  6. 1 2 Gumz, Jondi. "Angel investor group to support Central Coast tech startups". Santa Cruz Sentinel. Retrieved 4 February 2014.
  7. 1 2 3 Celaschi, Robert (February 22, 2013). "Macromedia co-founder grasps CEO role". San Francisco Business Times.
  8. 1 2 "Santa Cruz startups find Silicon Valley investors with new angel group". Silicon Valley Business Journal. Retrieved 4 February 2014.
  9. ↑ Gumz, Jondi. "Gavin Newsom to Monterey Bay audience: Think differently". Santa Cruz Sentinel. Santa Cruz Sentinel. Retrieved 9 April 2016.
  10. ↑ "South Swell Ventures". Facebook. Retrieved 9 June 2013.
  11. ↑ "South Swell Ventures Spearheads Support for Santa Cruz Tech Eco-System and Organizes Central Coast Angels". Santa Cruz Tech Beat. Retrieved 4 February 2014.
  12. 1 2 Flynn, Laurie (January 8, 1995). "Sound Bytes; Gearing Up for Interactivity". The New York Times.
  13. ↑ "Interview with the founders of The Corp". Behind the Counter. Retrieved 10 June 2013.
  14. ↑ "The Corp: Mission Statement". The Corp. Retrieved 9 June 2013.
  15. 1 2 3 4 "The John Carroll Award". Georgetown University. Retrieved 11 June 2013.
  16. ↑ DeBare, Ilana (November 11, 2007). "These venture capitalists also hope to help poor communities". The San Francisco Chronicle.
  17. ↑ MOLNAR, PHILLIP. "Monterey Should Try to Create the Next Great Company". The Monterey Herald. Retrieved 4 February 2014.
  18. ↑ "A Boon for Small Business". Good Times. Retrieved 4 February 2014.
  19. ↑ "Back to school: Menlo Park City School District". Menlo Park School District. Retrieved 9 June 2013.
  20. ↑ FLANIGAN, JAMES (July 19, 2007). "Community Investment in San Jose". The New York Times.
  21. ↑ "Pacific Community Ventures Team". Pacific Community Ventures. Retrieved 9 June 2013.
  22. ↑ "Reinventing Prosperity" (PDF). Pacific Community Ventures. Retrieved 9 June 2013.
  23. ↑ Corcoran, Elizabeth (January–February 2007). "Compassionate Capitalism". California Magazine.
  24. ↑ Loizos, Constance (February 26, 2001). "The Rise of a Dealmaker". Bloomberg Businessweek.
  25. ↑ Pittman, Jennifer (11 June 2013). "Central Coast region entrepreneurs targeted for microloans". Santa Cruz Sentinel.
  26. ↑ HERNANDEZ, ROSEANN. "Local Skate Shop Flourishing in Watsonville". Register Pajaronian. Retrieved 4 February 2014.
  27. ↑ "Opportunity Fund Receives Funds to Expand Micro Loans in SC and Monterey Counties". Santa Cruz Techbeat. Retrieved 4 February 2014.
  28. ↑ SLEEPER, ARIC (17 September 2014). "The New Tech Nexus". Santa Cruz Good Times. Retrieved 7 October 2014.
  29. ↑ Gumz, Jondi (2014-09-17). "Santa Cruz Works launches to showcase thriving tech community". Santa Cruz Sentinel. Retrieved 7 October 2014.
  30. ↑ Hepler, Lauren (Sep 25, 2014). "Can Santa Cruz turn the tech talent tide? New startup venture aims to poach Highway 17 tech bus commuters". Silicon Valley Business Journal. Retrieved 7 October 2014.
  31. ↑ Blum, Steve. "Tri-county economy depends on infrastructure, particularly fiber and conduit". Santa Cruz Tech Beat. Santa Cruz Tech Beat. Retrieved 9 April 2016.
  32. ↑ Molnar, Phillip (2014-06-24). "Monterey Bay Economic Partnership website readies launch". Monterey Herald. Retrieved 7 October 2014.
  33. ↑ Rubin, Sara (June 26, 2014). "Business leaders launch new efforts to get capital to the local startups that need it most". Monterey County Weekly. Retrieved 7 October 2014.
  34. ↑ Druzin, Bryce. "Gavin Newsom at Santa Cruz regional summit: "We're living in two worlds in the same county"". Silicon Valley Business Journal. Silicon Valley Business Journal.
  35. ↑ "The EdSurge Team". EdSurge.com. Retrieved 9 June 2013.
  36. ↑ SILVERMAN, RACHEL EMMA. "Lynda.com: A 60-Year-Old Earns Internet Glory". wsj.com. The Wall Street Journal. Retrieved 9 April 2016.
  37. ↑ Wagner, Kurt. "Three Reasons LinkedIn Broke the Bank for Lynda.com". recode.net. recode. Retrieved 9 April 2016.
  38. ↑ "JobTrain.com". jobtrain.com. Retrieved 9 June 2013.
  39. ↑ "Digital Nest Advisory Board". Digital NEST. Digital NEST. Retrieved 9 April 2016.
  40. ↑ "About The Georgetown Technology Alliance". The Georgetown Technology Alliance. Retrieved 9 June 2013.
  41. ↑ "Witness to History - Bud Colligan". Georgetown University. Retrieved 9 June 2013.
  42. ↑ LEWIS, PETER H. (August 25, 1987). "PERSONAL COMPUTERS; Does a Child Need A Computer at Home?". The New York Times.
  43. ↑ POLLACK, ANDREW (December 27, 1989). "Apple Strays From Mass Appeal". The New York times.
  44. ↑ Flynn, Laurie (October 24, 1988). "Apple Banking on Diversity of Applications to Foil Next Challenge". InfoWorld.
  45. ↑ Mui, Chunka (2011-10-24). "How Apple Invented The Future (and the iPad) in 1986". Forbes.
  46. ↑ Borzo, Jeannette (March 9, 1992). "Merger Builds Multimedia Powerhouse". InfoWorld.
  47. ↑ FISHER, LAWRENCE M. (May 13, 1997). "Apple to Preview New Operating System". The New York Times.
  48. ↑ FISHER, LAWRENCE M. (September 19, 1993). "Technology; The Tools of a New Art Form". The New York Times.
  49. ↑ Staff (January 16, 1995). "Digital Designs". InfoWorld.
  50. ↑ "Macromedia Revenue 1997". BusinessWeek. Retrieved 9 June 2013.
  51. ↑ "Adobe to acquire Macromedia". adobe.com. Retrieved 9 June 2013.
  52. ↑ CORTESE, AMY (October 21, 2001). "Venture Capital, Withering And Dying". The New York Times.
  53. ↑ "lynda.com Fuels Growth and Innovation with $103 Million Funding". The Wall Street Journal. Retrieved 10 June 2013.
  54. ↑ FARRAH, KRISTINA. "Ventures Capitalists Love Profitable Companies That Don't Need Money". SiliconAngle. Retrieved 10 June 2013.
  55. ↑ MARR, MERISSA. "CBS to Acquire CNET for $1.8 Billion". wsj.com. The Wall Street Journal. Retrieved 9 April 2016.
  56. ↑ Fordahl, Matthew. "Symantec to acquire anti-spam firm Brightmail for $370M". usatoday.com. USA Today. Retrieved 9 April 2016.
  57. ↑ Rao, Leena. "Envestnet buys fin-tech company Yodlee for $590 million". fortune.com. Fortune. Retrieved 9 April 2016.
  58. ↑ Ewalt, David. "Days of Wonder Merging With Asmodee". forbes.com. Forbes. Retrieved 9 April 2016.
  59. 1 2 Gumz, Jondi. "Santa Cruz Start-up PayStand Receives funding from Central Coast Angels". Santa Cruz Sentinel. Retrieved 4 February 2014.
  60. ↑ Isenberg, Sara. "Central Coast Angels Invest in Electric Skateboard Startup". Santa Cruz Tech Beat. Santa Cruz Tech Beat. Retrieved 9 April 2016.
  61. ↑ "2013 John Carroll Award Biographies". Georgetown University.
  62. ↑ "Ernst & Young Entrrpreneur of the Year". Ernst & Young. Retrieved 9 June 2013.
  63. ↑ Wegrich, Gretchen (4 May 2012). "This gold house: With green features, Sunny Cove home goes for LEED gold". Santa Cruz Sentinel.
  64. ↑ "2014 EXCELLENCE IN BUSINESS AWARDS". https://sfchamber.com. San Francisco Chamber of Commerce. Retrieved 7 October 2014. External link in |website= (help)
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