William Lyman

Entrepreneur-Friendly Venture Capitalist, Distressed & Turnaround Advisor & Investor, Portfolio Manager, Lyman Management Group, LMG, Venture Capital & Private Equity

William (Bill) Lyman, Entrepreneur-Friendly Venture Capitalist, Distressed & Turnaround Advisor & Investor, Portfolio Manager, Lyman Management Group, LMG

William Lyman's Bio:

William Lyman's Experience:

• Portfolio Manager at Serengeti Marketable Securities Fund, LP

  2010 - Present

  Serengeti Marketable Securities Fund is a private investment partnership (hedge fund) focusing on marketable securities on a global basis. o Long-Short portfolio strategy with modest leverage and a net-long bias o Bottom-up fundamental analysis o Growth oriented stocks with a catalyst o Primarily U.S. equities with selected other liquid global markets with options overlay o Absolute return focused o Position trading strategy with average holding period of several weeks to several months o Highly concentrated portfolio with rigorous risk management controls

• Founder and Partner at Lyman Management Group (LMG)

  November 2004 - Present | Atlanta, Ga

  I help executives of mid-sized companies ($4MM-$400MM) overcome the challenges that growing businesses face. Some of the projects I quarterback include: o Cash Flow Issues o Negotiating Shareholder Disputes o Shareholder Litigation o Structuring and Negotiating investment deals--from road show pitches, to term sheets, to closing documents o Raising Money o Structuring Joint Ventures o Technology Licensing and/or Acquisition o Leveraged Recapitalization, Bankruptcy, and Corporate Restructuring o Mergers and Acquisitions (M&A) o Leveraged Buyouts (LBO) o Management Buyouts (MBO) o Initial Public Offerings (IPO) o Private Equity o Follow-on/Secondary Offerings o Equity Carve Outs o Spin-outs o Strategy o Operations o Finances I also lecture, and train executives and groups on these issues. I adapt my training to my audience. I have mentored and presented to everyone from undergraduate, advanced corporate finance students, to MBA candidates, to start-up entrepreneurs, to executives of small to medium corporations, to the executives of the largest retailer in the world. You may contact me directly at [email protected].

• Board of Directors at SyChip

  June 2001 - January 2005

  o Member of a seven-member board of directors, and member of audit committee o SyChip designed, developed, manufactured and marketed RF systems-in-a-package (SiP) modules for mobile wireless devices o SyChip was a spin-out from Lucent's (Bell Labs) Murray Hill research facility o The Company raised $55 MM in external venture funding from Alliance Technology Ventures, Sierra Ventures, New Venture Partners (formerly Lucent Ventures), 3i Ventures, Austin Ventures and Intel Capital o SyChip was acquired by Murata in April 2006 for $140 MM in cash

• Board of Directors at Cygnal Integrated Products

  December 2001 - December 2004

  oMember of a seven-member board of directors, and member of audit committee oCygnal designed, developed and marketed general purpose 8-bit microcontrollers with integration of high-performance analog peripherals to create a mixed-signal IC that reduced total system cost without sacrificing performance oCygnal raised $35 MM from Allliance Technology Ventures, Austin Ventures, BA Venture Partners and JatoTech Ventures oCygnal was acquired by Silicon Labs (NASDAQ: SLAB) in September 2003 for $125 MM in cash and stock

• General Partner at Alliance Technology Ventures (ATV)

  July 1999 - November 2004

  Early-stage venture capital partnership with $260 million of capital under management across three funds (vintage years 1994, 1998, and 2000) from institutional sources including corporate and municipal pension funds, foundations and endowments. Personally invested in early-stage technology-centric ventures across the US, primarily in the software, semiconductor and communications segments. Led Investments and held a board seat for: o SyChip (Sold to Murata for $140 million) o Synchrologic (Sold to Pumatech for $60 million) o Cygnal (Sold to Silicon Labs for $120 million) Board observer and assisted management with setting strategy, raising capital and creating exits for: o Ziptronix (Private company) o XtremeSpectrum (Acquired by Motorola, November 2003) o RF Solutions (Acquired by Anadigics, April 2003) o Nitronex (Acquired by Gaas Labs, June 2012) o Pathfire (Acquired by DG Fastchannel, June 2007) o Secureworks (Acquired by Dell for $600+ Million, January 2011)

• Board of Directors at Synchrologic

  April 2002 - December 2003

  o Member of 7-member board of directors o Synchrologic developed and marketed synchronization software for personal information manager (PIM) and email applications for mobile devices to the enterprise, technology licensing and consumer markets o Synchrologic raised $32 MM from Alliance Technology Ventures, Grotech Ventures, JK&B Capital, FT Ventures and Noro-Moseley Ventures o Synchrologic was acquired by PumaTech, which was subsequently acquired by Nokia, for $60 MM in December 2003

• Kauffman Fellow at Kauffman Fellows Program

  1999 - 2001

  Selected in 1999 for one of eleven Kauffman Fellowships awarded worldwide. A Kauffman Fellowship is a highly sought-after two-year program dedicated exclusively to the world of venture capital and the cultivation of new high-technology, high-growth, high-impact companies. To date, more than 300 individuals from 6 continents have become Kauffman Fellows.

• Associate Equity Analyst at Montgomery Securities & Solomon Smith Barney

  April 1998 - June 1999

  o Analyzed and rated publicly traded and private companies in the analog and mixed-signal semiconductor industry o Published industry overview (analog and mixed-signal semiconductor industry) and regular company-specific research notes for internal sales force and institutional clients o Held series 7 and 63 NASD (FINRA) licenses o Left Solomon Smith Barney to enter the Kauffman Fellows Program

• Early Career: Technology, Engineering and Entrepreneurial Experiences at -Motorola -Square D -NSA

  April 1989 - April 1998

  Subscriber Computing (Irvine, CA) o Early-stage, venture-backed (Advent & GE Capital) software company. Product management for Fraud Detection and Network Management products for wireless carrier industry. Acquired by Corsair Communications, June 1998 International Software Machines (Milwaukee, WI) o Founder and Vice-President for software re-engineering tools (source code management and translation. Pre-revenue company Motorola Semiconductor Sector Products Group (Chicago, IL) o OEM Account Manager representing the semiconductor products of 13 strategic business units (SBUs) to wireless industry customers Motorola Cellular Infrastructure Group (Chicago, IL) o Systems Engineer designing, installing, configuring and optimizing cellular infrastructure (switches base stations) for South American wireless customers Square D - Automated Products Division (APD) (Milwaukee, WI) o Design Assurance Engineer for next generation Programmable Logic Controller (PLC) products National Security Agency (NSA) (Ft. Meade, MD) o Engineering and operational/deployment roles for radio communications devices and applications. Held Top Secret security clearance, NSA Polygraph and several special clearances

• Investor Representative at Strong Mutual Funds

  June 1989 - June 1990

  o Served as investor representative, meeting with new retail clients to discuss investment options amongst Strong's eleven mutual funds covering equities, fixed income, municipal bonds and money market funds o Worked part-time in evenings and weekends in the Strong Investor Center while working full-time in my engineering career o Held Series 6 and 63 NASD (FINRA) licenses

• Enlisted at United States Marine Corps

  June 1982 - June 1985

  Infantryman, weapons expert and radio operator. Honorably discharged.

• MBA and Advanced Corporate Finance Speaker and Lecturer at J. Mack Robinson College of Business, Department of Finance/GSU

  September 2009

  o Developed a curriculum for an MBA elective on bankruptcy and corporate restructuring, which included topics on mergers and acquisitions (M&A), leveraged buyouts (LBO), management buyouts (MBO), initial public offerings (IPO), private equity, follow-on/secondary offerings, equity carve outs, spin-outs, leveraged recapitalizations, bankruptcy, and restructuring. oTeach advanced corporate finance and investment courses at the graduate (MBA) and upper level undergraduate level at Georgia State University (GSU) o Was tapped to teach an advanced corporate finance in Cairo, Egypt as part of the joint MBA program between Cairo University and GSU.

William Lyman's Education:

• The University of Chicago - Booth School of Business

  1992 – 1995
  MBA

• Marquette University

  1982 – 1987
  BSEE
  Concentration: Electrical Engineering

• Whitnall High School

• University of Chicago, Booth School of Business

  MBA
  Concentration: Analytic Finance

• Marquette University

  BSEE
  Concentration: Electrical Engineering

William Lyman's Interests & Activities: