CAV Angels was founded by a group of individuals who have been successful as private investors, entrepreneurs, and executives.
Richard Crawford, JD/MBA
Co-Chairman of the Board
Richard Crawford is the Chairman of the Crawford Group, Inc., a multi-unit investment business with activities in agriculture, real estate, and advanced technology. He is an experienced entrepreneur having started three companies and an experienced angel investor having made several personal angel investments and run the Virginia Active Angel Network. He has been a member of the Darden Faculty since 1988 and is currently a Visiting Executive Lecturer at Darden where he works closely with Professor William Sihler on the Finance of Small Business course. Richard has has been a member of the Law School Faculty since 2008 where he teaches a course in Finance of Small Enterprises. He holds B.A., MBA and JD degrees from the University of Virginia and is the author/co-author of five books.
Jim Cheng, JD/MBA
Co-Chariman of the Board
Jim Cheng, JD/MBA, is a successful entrepreneur and venture capitalist. He founded, led, and successfully exited an IT services firm that he grew from 5 people to 550 people in 9 years, and has started and led additional ventures since. He served as the Secretary of Commerce and Trade for the Commonwealth of Virginia for 4 years, contributing significantly to economic development, job creation, tourism, film, industry regulation and safety, housing, and a number of other commerce-related fields. He is currently of counsel at the law firm of Lee and Hayes and is working with several private equity and angel investment firms. He also teaches at the University of Virginia School of Engineering.
Rich Diemer, CPA
Co-Chairman of the Board
Rich is a respected chemicals industry senior finance executive with a proven track record of working within leadership teams that have created significant shareholder value. He has served as the CFO at three public (Albemarle, PolyOne Corporation, and Trinseo, LLC) global materials companies. During his tenure, Rich has played a key role in creating over $7bn of shareholder value. After 17 years in public accounting at KPMG, Rich joined Allied-Signal Inc. He was VP-Corporate Controller during the merger with Honeywell, then became CFO of Honeywell's Specialty Materials segment. In addition, Rich spent four years at Honeywell Capital Management, overseeing equity managers and managing a $500MM+ equity portfolio. Rich currently serves as a Senior Director at Seale & Associates, a Northern Virginia-based global boutique investment banking and consultancy firm. Rich graduated from the McIntire School of Commerce at The University of Virginia and is on the McIntire Advisory Board .
Jerry Peng (Darden ’03)
Mr. Peng is an investor and entrepreneur, living in Charlottesville, Virginia. Mr. Peng was most recently the founder and CEO of a greenfield project in Virginia applying leading innovative technology from China to produce eco-friendly products. Mr. Peng’s career spans over twenty years in various senior roles across corporate finance, strategy and banking, with global institutions including Goldman Sachs, Morgan Stanley and Standard Chartered Bank. Most recently he served as managing director with Goldman Sachs in Asia, managing corporate financing and derivatives business and corporate securities sales in China. Mr. Peng serves as a trustee on the University of Virginia Darden Business School Foundation Board, and as council member of Darden Global Advisory Council and Batten Institute Advisory Council. He is also a trustee of the Virginia Foundation for Independent Colleges’ Board. He is co-founder and co-president of the China alumni clubs for Darden and UVA. He earned a BE in Engineering and Finance from Beijing University of Aeronautics and Astronautics and an MBA from the Darden Business School.
Jesse Ellington, MBA
Jess has over 30 years of investment and business experience managing alternative assets and individual portfolios. Through his experience as a portfolio manager, equity analyst, hedge fund manager and investment management consultant, Jess has been able to generate superior investment results with particular focus on risk management and portfolio diversification. Prior to joining Union, Jess worked for Solaris Capital LLC, FDSI (Wilshire Associates), and Wells Fargo Investment Advisors. Jess is a graduate of The University of Virginia and has an MBA from The Darden School of Business at UVA.
Dr. Jim Ayler, Ph.D.
Dr. James Aylor served for 11 years as the dean of the School of Engineering and Applied Science at the University of Virginia, having previously served as associate dean of academic programs and chair of the Department of Electrical Engineering. He is currently Louis T. Rader Professor and Dean Emeritus. His research has focused over the years on computer system design, including computer-based assistive devices. His accomplishments include participating in the development of the VHSIC Hardware Description Language (VHDL), the development of a new "mixed-level" modeling technology to support the early phases of the computer systems design process, and the development and implementation of automatic test pattern generation techniques. Dr. Aylor has also been extremely active in professional activities both in technical and administrative capacities. He served as the president of the Institute of Electrical and Electronic Engineers (IEEE) Computer Society and served as a division director (and a board of directors member) of IEEE. He is a past Editor-in-Chief of IEEE Computer, received by the more than 100,000 IEEE Computer Society members. He served as president of the Electrical & Computer Engineering Department Heads Association. He is a fellow of IEEE and a fellow of the American Association for the Advancement of Science. He is a member of the Virginia Academy of Science, Engineering and Medicine. Dr. Aylor received the B.S., M.S., and Ph.D. degrees in electrical engineering from the University of Virginia.
Paul Nolde has over a decade of experience in the banking and finance industries serving in multiple sales and management roles for large and small institutions. As a director at NRV, an early stage venture capital firm in Richmond, VA, Paul co-leads their overall business development strategies and their discernment process around new investment opportunities, as well as supporting several portfolio companies. Prior to arriving at NRV, he served as the Small Business Capital Strategist for Virginia Community Capital, Virginia’s largest community development financial institution. In this capacity Paul was responsible for building the firm’s venture debt portfolio focusing on growth companies, social enterprises, and healthy foods. Before coming to VCC he was Managing Director of a family office in Richmond, VA, preceded by positions at Wells Fargo, Union First Market Bank, Bank of America, and Wachovia. He is an active participant in, and advocate for, Central Virginia’s entrepreneurial ecosystem, serving on the boards of several local organizations and various departments at Virginia Commonwealth University and the University of Virginia. Paul graduated from UVA in 2001 with a B.A. in Foreign Affairs, complimented by post-grad business studies through the McIntire School of Commerce Business Institute. He lives in Richmond, VA, with his wife, two young boys, and Alaskan Husky.
Greg Fairchild, PHD
Gregory Fairchild is the Isidore Horween Research Professor of Business Administration at the University of Virginia's Darden School of Business and Associate Dean for Washington, D.C. Area Initiatives and Academic Director of Public Policy and Entrepreneurship. Fairchild serves as an academic director for Darden's Institute for Business in Society (IBiS). He teaches strategic management, entrepreneurship and ethics in Darden's MBA and Executive Education programs. He has received a number of awards for teaching excellence at the Darden School. His research is likewise renowned, as he was recently the lead investigator studying business models and public policy issues in the field of community development finance, an initiative supported by a three-year $850,000 grant from the John D. and Catherine T. MacArthur Foundation. Fairchild was named one of five high impact research professors and the sole scholar focused in entrepreneurship by the Financial Times in 2010. In 2009, he received a faculty Pioneer Award presented by the Aspen Institute's Center for Business Education for his leadership and risk taking in integrating ethical, environmental and social issues into the MBA curriculum. In 2011, he was the only academic named as one of "25 Virginians to watch" by Virginia Business Magazine. In 2012, Fairchild was named one of the Top Ten Business School Professors in the World by CNN/Fortune and one of the 50 Best Business School Professors by Poets & Quants. His multidisciplinary work has been cited by Inc. Magazine, The Economist, National Public Radio (NPR), USA Today, New York Times and the Washington Post, among others. Fairchild worked in marketing positions for such industry leaders as Kraft General Foods, Procter & Gamble and Saks Fifth Avenue before embarking on his doctoral studies. Fairchild served on the investment advisory of the Virginia Retirement Service (VRS), the Commonwealth's public pension fund from 2009 to 2012. Governor McAuliffe appointed Fairchild was to the board of Virginia Community Capital, the Commonwealth's largest community-development bank, where he served from 2015 to 2017. University of Virginia President Terry Sullivan appointed Fairchild to the board of University Physician's Group, the University Medical Center's practice plan, where he served from 2012 to 2017. In 2017, Fairchild became a Trustee of Union Square Capital Core Real Estate Fund, a mutual fund; and was appointed by Governor McAuliffe to the Virginia Economic Development Partnership, the Commonwealth's economic development authority. In addition to his teaching and research, he is a consultant to corporations, nonprofits and governmental agencies. Fairchild and his wife, Tierney Temple Fairchild (D '94) are the founders of Resilience Education, an organization committed to providing high quality Socratic education to those that might not otherwise afford it ( www.Resilience-Education.org). This is the conduit through which the Darden Prison Program is administered, among other initiatives.
John May, MPA
John May, MPA, is a successful venture capitalist that specializes in angel group formation. He has been actively involved in the venture capital space for north of 25 years, has co-authored and co-edited multiple books on the subject of angel investing, and has received numerous honors and awards validating his high degree of knowledge and success in the venture-investing arena. He is currently the Investment Director and General Partner at a UK venture capital firm; a guest lecturer at the Darden School of Business; and the owner of an organization that innovatively organizes early stage private equity for entrepreneurial ventures.
Randy Castleman, MBA
Randy Castleman has been operating and investing in hardware, software and services companies built on technology-driven innovations for nearly three decades and across several industries, including communications, media and information technology. He has held founding and senior operating positions in small and large companies and was the co-founder of Court Square Ventures (Automated Insights, CSTV, Yandex), a private equity firm managing over $200 million for institutional investors. At Court Square Ventures, Randy was involved in all aspects of the firm's operations, including fund conception and fundraising, deal sourcing and selection, portfolio management and company development, investment liquidity, and relationships with limited partners. He earned his BA from Princeton University and his MBA from the Darden School at the University of Virginia.
During his 30-year commercial banking career, John’s positions at banks in five states ranged from Chief Lending Officer to Chief Credit Officer to CEO. After retiring from banking in 2000 he commenced his business angel activities, and has now provided capital to 60+ Ohio entrepreneurs. John has served on the Ohio Venture Capital Authority and the Ohio Third Frontier Advisory Board, having been appointed by Governors of both political parties. He is a Founding Director of VentureOhio, the trade association providing the unified voice for Ohio’s innovation community. When John launched the first Ohio TechAngel Fund (OTAF) in 2004 with 50 investors, the group became a founding member of the Angel Capital Association (ACA). Now with five funds and 300+ members, OTAF is one of the world’s largest angel groups. John is also a member of the North Coast Angel Funds (Cleveland), and the East Central Ohio TechAngel Funds (Athens). He is a founding member of Columbus-based X-Squared Angels, a group that invests nationwide in start-up ventures with diverse management teams. Internationally, John is well known as the past Chairman of both the ACA and the Angel Resource Institute (ARI) and as the recipient of the Hans Severiens Award for angel leadership. Upon graduating with a BA in economics from UVA (Class of 1967) John received his US Navy commission. While stationed in Georgia and flying planes for the navy he received an MBA from Georgia Southern University. He and his wife reside in Columbus, Ohio and have children and grandchildren in Cleveland and San Francisco.
I am David Sade, MBA, CFA
David Sade, CFA, is an entrepreneur with experience in the finance and IT sectors. After working as a portfolio manager for an investments firm with $750M under management, he transitioned into technology as an IT consultant at Freddie Mac and SNL Financial. David is currently the Managing Partner at Ivy Technical Partners and works with small businesses on their financial reporting needs. He graduated from the Darden School of Business at the University of Virginia and is a CFA-charterholder.
Jefferson Level Affiliate