Doug Humphrey

Entrepreneur in Residence

Doug Humphrey is a Serial Entrepreneur    

Likely he can't help himself—probably some genetic pre-disposition to starting companies.    He has started many, had success and failure, and serves today on a variety of boards of advisors and directors, and also as a business consultant to companies of all sizes.

 

Here is a rundown of his entrepreneurial journey:

1997 - 2003          SkyCache/Cidera - CEO and Founder……………………………. FAILURE

             Internet startup - satellite data broadcasting

             4 rounds of investment (VC)

             1 round of mezzanine investment

             almost IPO but 2001 market tanked.

             money lost:  > 200 million dollars

2001 - 1998          CORE Location LLC - CTO and co-Founder…………………….. SUCCESS

             internet/ real estate fusion project (co-location)

             1 round of investment (Carlyle Group)

             properties sold after construction and leasing

             money made > 300 million dollars

1992 - 1997          Digex Inc. - CEO and Founder…………………………………………. SUCCESS

•             early internet service provider (ISP)

•             3 rounds of investment (VC)

•             IPO in 1997 for market cap >150 million dollars.

•             purchased by MCI - now Verizon Business Internet

•             money made > 150 million dollars

1987 - 1992          Tandem Computers - Analyst/Specialist…………………………. SUCCESS

•             employee - specialist in fault tolerant networks and

•             computers, risk analysis, security, mission critical ops

•             Learned a LOT about fault tolerant ops and engineering.

1985 - 1987          Computer TimeShare Corporation - Founder …………………….. FAILURE

•             Timesharing on DEC computers (PDP-11, VAX).

•             No external investments.

•             Company was sold to largest customer

•             Failed to thrive in a meaningful way.

1983 - 1985          Micro Express – Founder .………………………………………………….. FAILURE

•             Wholesale/retail computers, printers, parts supplier for mail order and local (Baltimore and DC) area delivery.

•             No external investments.

•             Company did very well at first, but as margins on items dwindled, business did not seem worth the effort.

1980 - 1983          ITT/Dialcom - Program Manager ………………………………………. SUCCESS

•             employee - early electronic mail company, on mainframe computers (pre-PC)

•             Learned a lot managing projects and working with international communications networks.

1979 - 1980          University of Maryland College Park - Physics Major………….. FAILURE

•             Worked at Cyclotron, programming PDP-11 and IBM 360/44

•             Discovered the ARPAnet and was doomed.

•             No degree.

1978                       Laurel High School - Laurel MD ……………………………………………. SUCCESS

•             Graduated

1975                       Electronic Payloads Inc. – Founder ……………………………………….. SUCCESS

•             Building tracking beacons for model rockets.

•             No external financing.

•             Had fun, sold a few, made a few bucks, and decided that I liked being in business.

 

To schedule a meeting with Doug or to learn more about resources and support offered to campus startups, contact Alla McCoy, the director of the Startup Support program.

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