Louisville, KY, September 20, 2012 – At today’s annual Limited Partners meeting, Chrysalis Ventures announced that Wright Steenrod, an eleven-year veteran with the firm, has been promoted to Partner. As Partner, Wright will continue to lead the firm’s technology practice and serve on its investment committee.
“Having known Wright since he was a student, as a Marine Corps officer, as a business executive and as a junior colleague at Chrysalis,” said David Jones, Chairman at Chrysalis, “nothing gives me more pleasure than to now know him as a partner.
“I founded Chrysalis Ventures nearly twenty years ago with the goal of establishing a long-term investment franchise in Middle America,” continued Jones. “The fact that Wright is the second partner whose venture career began as a junior investment professional at Chrysalis demonstrates the stability of the firm’s core team and the quality of its apprenticeship program.”
“Wright is excellent at working with early-stage CEOs,” said Koleman Karleski, Managing Partner at Chrysalis. “His operating experience as an executive in an early-stage venture-backed company gives him an excellent perspective on the challenges and opportunities faced by entrepreneurs in his portfolio.”
At Chrysalis, Wright has led investments in media and technology companies such as media services company Digitalsmiths, online stress management provider meQuilibrium, mobile virtualization company Open Kernel Labs (sold to General Dynamics), and security company Cybera; education technology companies such as Regent Education and StraighterLine; and mobile infrastructure investments such as Continuum 700. He has also worked with management teams at many other Chrysalis companies, including Advanced Academics (sold to DeVry), Genscape (sold to GFI) and Appriss (sold to Bain Capital), among others.
Wright is active with investment groups throughout Middle America, including Raleigh-based CED, a private, non-profit organization that promotes entrepreneurial efforts in the Research Triangle Park area, and Atlanta-based Southeast Investors Group. A Louisville native, Wright is also active in the community through his work with organizations such as the Kentuckiana Boys and Girls Clubs.
Prior to joining Chrysalis, Wright was a former early-stage company CFO and business development executive, an investment banker with SunTrust Bank, and a U.S. Marine Captain. Wright has a BA in Economics from Princeton University.