Chairman, CEO and Founder
Since the inception of Aceva Technologies, Clearstone has invested
the time and energy to help us build a strong management team along
with a sound business model. The partners have given us access to
an expansive network of strategic relationships and downstream financiers
that have proven instrumental in Aceva's success.
Erik Lassila is forward-thinking and always provides a broad perspective
- and the expertise on what it takes to build a successful software
company - that helps Aceva fine tune its business model.
President and CEO
Overture Services, Inc.
I have worked with Bill Elkus for two and a half years, where he has
served on the Overture board. Working with Bill has been a huge benefit
for Overture and a pleasure for me. As a board member, he represents
a steady hand with solid advice based on years of experience. Bill
is always ready to open his extensive rolodex for the company to make
introductions or to help gather market intelligence. As an investor,
he has masterfully handled the always sensitive post-IPO question
of whether and when to distribute shares to limited partners. He has
distributed in bull markets, and shown patience and confidence in
management by holding positions through difficult market conditions.
I'm also an investor in one of his funds, and his approach seems to
be yielding terrific results. Most importantly, Bill brings integrity
to all of his interactions with me and with the company. When you're
building a company, the level of trust that comes from Bill's integrity
is an invaluable asset.
Founder, Director and Former CEO
Clearstone continues to be an important and valued partner in the
growth and success of Overture. Bill Elkus and the rest of the team
at Clearstone invested a great deal more than money. Clearstone did
for Overture what most venture investors always promise but rarely
deliver. They helped us build our business through becoming a active
partner in our vision for building a great company with real long
term value. Clearstone combined the right resources and expertise
with a genuine and unflagging commitment.
And Clearstones commitment to Overtures success has
not waned over time. Bill Elkus and his team have consistently aided
company management whenever and
wherever asked. These significant contributions include (but havent
been limited to) key activities such as business development analysis,
strategic partnership introductions, and financing process advice.
The intensity of Clearstones enthusiasm and commitment never
diminished as Overture matured from a closely held start-up into
a broadly owned public company. That is why Clearstone is at the
top of the list I would make of who Id want to be involved
in any venture Id undertake in the future.
Clearstone has added tremendous value to PeopleSupport since leading
our first venture round and participating in subsequent rounds.
Over the past two years, market volatility has been of historic
proportions. Throughout this period Clearstone has provided consistent
support, sound judgment and excellent insights.
William Quigley has been an outstanding board member since the
very early stages of the company, with tremendous dedication and
passion for our success as a company. William and his colleagues
have added significant value to PeopleSupport, particularly by making
key introductions that have led to world-class follow-on investors,
as well as new clients and partners.
Clearstone is willing to wade in while other VCs are not; they're
not afraid to make investments that go against conventional wisdom.
From Clearstone we get a lot of help with strategy and thinking long-term.
But they also provide guidance over near-term tactics involving customers,
incorporating feedback on product,
thinking through ramifications, etc."
William Quigley is fiercely engaged. He really knows finance and the
investors' side of the picture, but also understands our market and
has been very instrumental in arranging introductions to prospective
customers. William is a masterful negotiator; anyone would want him
on their team. Gaining strategic investments was a challenge, but
Clearstone's thinking and help with negotiations saw us through.
Clearstone has contributed to our success in so many ways. They've
really been more of a partner than an investor. First, their knowledge
of technology and the Internet allowed them to immediately recognize
the breakthrough potential of our innovative approach. They got as
excited about our future as we were, and have been supporters and
attentive from day one, regardless of prevailing market conditions.
They spend a lot of time with us and push us hard with terrific advice.
They have helped us find and secure great partners and employees,
and understand the fundraising process really well. In fact, they
recruited me to the company. They have trusted networks of other investors
and VC's who like to work with them. Clearstone has helped us navigate
the ins and outs of company building, and they continue to give us
strategic, battle-tested insights that have proven decisive in bringing
both our product and our company to market.
Clearstone immediately understood the potential of our software and
value when others were unwilling to make the time to take a hard,
clear look in this turbulent market. They really dug in and spent
the time with the management team to understand our business and lead
our most recent financing. They are continuing to apply best practices
to help us build a valuable enterprise, and I appreciate having a
'thought leader' like Clearstone involved.