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Raul Fernandez (entrepreneur)

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Raul J. Fernandez (born c. 1966 in Washington, D.C.) is an entrepreneur, investor, philanthropist and strategic partner. He is the Vice Chairman and Owner of Monumental Sports & Entertainment,[1][2] as well as a Special Advisor to General Atlantic Partners.[3][4][5][6] In 1991, he founded, took public and later sold Proxicom (NASDAQ: PXCM), an internet development and e-business consulting company, to Dimension Data at a transaction valued at $450 million. Fernandez serves as a Director for Broadcom (NASDAQ: AVGO),[7] DXC Technology (NYSE: DXC),[8] GameStop (NYSE: GME),[9] InSite, PerfectSense Digital, SyncThink, URBANEER, and was previously a Director from 2001-2017 and Chairman of the Compensation Committee for Kate Spade & Company before they were sold to Tapestry (NYSE: TPR) in July 2017.[10][11][12][13][14] He is a current Chairman of the Board for RemoteRetail,[15][16][17] and ObjectVideo,[18][19] a technology company sold to Alarm.com in 2017, and named a 2005 Technology Pioneer by the World Economic Forum.[20]

Fernandez, a native Washingtonian, is an active philanthropist in D.C. regional nonprofits, focusing his energy primarily on educational reform. In 2000 he co-founded Venture Philanthropy Partners (VPP), a philanthropic investment organization based in Washington, DC. Mr. Fernandez is a board member of DC College Access Program (DC-CAP), the DC Public Education Fund, and the Fernandez Foundation, and was previously the Chairman of Fight for Children.

Early life and education

Fernandez grew up in Silver Spring, Maryland with his family. He is the son of a Cuban father and an Ecuadorian mother. While in high school, he attended a Capitol Hill fundraiser for Hispanic Republicans with his father. One of his father's friends introduced him to Congressman Jack Kemp's chief of staff leading Fernandez to a part-time intern position translating Spanish documents. During this time he was given his first laptop computer and was his high school yearbook caption read, "Most remembered for being the first to have a computer."

Fernandez went on to attend University of Maryland. While attending the University of Maryland, he continued to work for Kemp. On Capitol Hill he worked on tax legislation and issues involving Central America using spreadsheets and programs he developed to simulate the impact of various tax plans on different income groups. He went on to graduate from the University of Maryland with a bachelor's degree in economics in 1989 before settling in Washington DC.[21]

Proxicom

In 1991, Fernandez left his job at Digicon and founded Proxicom with $40,000. Under his leadership, the company became a top global provider of e-business services for Fortune 500 companies. Proxicom's ultimate success was sealed with the signing of two big clients in the mid90s MCI and AOL. Fernandez met AOL's Ted Leonsis on an airplane on his way back from launching one of the first e-commerce Web sites for MCI. The subsequent deals from AOL led to growth, venture investments and the Proxicom's eventual $58.5 million IPO in 1999. In 2000, Proxicom generated more than $200 million in revenue.

In late 2000, Proxicom gathered interest from two buyers: Compaq and Dimension Data. A bidding war ensued and Proxicom was bought by Dimension Data.[22]

From 2000 to 2002, he served as Chief Executive Officer for Dimension Data North America, and as a Director of its parent company, Dimension Data Holdings Plc, in 2001.[23]

Monumental Sports & Entertainment

Raul is the Vice Chairman and Owner of Monumental Sports & Entertainment, a private partnership which owns the NBA’s Washington Wizards, the NHL’s 2018 Stanley Cup Champion Washington Capitals, the WNBA’s Washington Mystics, the AFL's Washington Valor and Baltimore Brigade, and owns and operates the Capital One Arena in Washington, DC.[24][25][26][27]

In 2018 it was unveiled that through Monumental Sports & Entertainment this would be the inaugural year for the Wizards District Gaming team, an NBA 2K League team in the esports community, and the Capital City Go-Go, the Washington Wizards NBA G League team. Monumental Sports is also a member of the investment group, aXiomatic, which owns Team Liquid, an eSports Team based in Los Angeles, CA.

Monumental Sports also manages the EagleBank Arena on George Mason University's campus, and the Medstar Capitals Iceplex where the Washington Capitals train and practice. The facility houses two NHL-sized ice rinks, a pro shop, administrative offices, event space and media facilities.

He continues to expand his work with companies in sports and new ways to watch, as with Kiswe Mobile, a mobile applications company that features multi-camera streaming of sports events.[citation needed]

Current Ventures

In addition to his current involvement with Monumental Sports & Entertainment, he is an active technology investor in disruptive companies across multiple verticals across all growth stages. He is the Chairman of a leading SaaS fashion company, RemoteRetail[28] that is partnered with top brands such as Cosabella[29] and ELOQUII. Fernandez is also an investor in Radius Networks, a leading provider of proximity technology solutions[buzzword] for major retailers, restaurant chains, sports and entertainment complexes.

He is a current investor in neurotechnology and brain health analytics company, SyncThink. SyncThink is the developer of the EYE-SYNC technology.[clarification needed].

He is an investor in the Professional Fighters League, the world's only major mixed martial arts league. In addition to traditional professional sports teams, Fernandez has invested in the top team in eSports, Cloud9,[30] a North American eSports team out of Los Angeles.

Through his experience with investing and advising the Kate Spade & Company, he also advises and has invested in, and Bedrock Manufacturing, the parent of two American brands, Shinola and Filson.[citation needed]

Philanthropy

Mr. Fernandez, a native Washingtonian, is an active philanthropist in D.C. regional nonprofits, focusing his energy primarily on educational reform. In 2000 he co-founded Venture Philanthropy Partners (VPP), a philanthropic investment organization based in Washington, D.C. Mr. Fernandez is also the Chairman of Fight for Children, and a board member of DC College Access Program (DC-CAP), the DC Public Education Fund, and the Fernandez Foundation.

Ties to government

In 2001, Fernandez was appointed to the President's Council of Advisors on Science and Technology. He also led the Information Technology Analysis Team for Virginia Gov. Mark Warner's Commission on Efficiency and Effectiveness.[citation needed]

References

  1. ^ "Digital Locations Selects Ampsy as Social Geofencing Partner". Business Insider. Retrieved 18 July 2018.
  2. ^ "Laurene Powell Jobs is buying a big stake in Wizards, Capitals sports empire". The Washington Post. Retrieved 18 July 2018.
  3. ^ "Mavenlink Appoints Klaus Besier, Accomplished Former CEO of SAP Americas, and Raul Fernandez, Successful Technology Entrepreneur and Co-Owner of Washington Wizards, to its Board of Directors". PR Newswire. Retrieved 18 July 2018.
  4. ^ Henderson, Tom. "Urbaneer provides downtown living space solutions in Grand Rapids". Crain's Detroit Business. Retrieved 18 July 2018.
  5. ^ Heath, Thomas. "What the mega-rich tell their kids about money". Financial Review. Retrieved 18 July 2018.
  6. ^ Hall, Gina. "Broadcom unveils 11 nominees for Qualcomm's board in first move toward hostile takeover". Silicon Valley Business Journal. Retrieved 18 July 2018.
  7. ^ "Raul Fernandez | Board Member | Broadcom Inc". investors.broadcom.com. Retrieved 2020-11-05.
  8. ^ "DXC Technology Adds David Barnes and Raul Fernandez to Board of Directors". DXC Technology. Retrieved 2020-11-05.
  9. ^ "GameStop Appoints Raul Fernandez and Lizabeth Dunn to Board of Directors | Gamestop Corp". news.gamestop.com. Retrieved 2020-11-05.
  10. ^ Hall, Gina. "Broadcom unveils 11 nominees for Qualcomm's board in first move toward hostile takeover". Silicon Valley Business Journal. Retrieved 18 July 2018.
  11. ^ "Broadcom to Nominate Slate of 11 Independent, Highly Qualified Directors for Election at Qualcomm's 2018 Annual Meeting". PR Newswire. Retrieved 18 July 2018.
  12. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=82611&p=irol-govBio&ID=88409. Retrieved 18 July 2018. {{cite web}}: Missing or empty |title= (help)
  13. ^ Strugatz, Rachel. "William McComb Talks New Tech Venture Snap + Style". WWD. Retrieved 18 July 2018.
  14. ^ Elliot, Eric. "10 THINGS TO KNOW ABOUT RAUL FERNANDEZ". Dingman Blog. Retrieved 18 July 2018.
  15. ^ "RemoteRetail | About the team behind 100% remote customer engagement". RemoteRetail. Retrieved 2020-11-05.
  16. ^ "Broadcom (AVGO) to Nominate Slate of 11 at Qualcomm's (QCOM) 2018 Annual Meeting". Street Insider. Retrieved 18 July 2018.
  17. ^ Strugatz, Rachel. "William McComb Talks New Tech Venture Snap + Style". WWD. Retrieved 18 July 2018.
  18. ^ Zaczkiewicz, Arthur. "Futuristic Tech Trends Can Boost Brand Loyalty And Personalization". Footwear News. Retrieved 18 July 2018.
  19. ^ Alaimo, Dan. "Cosabella conversions jump 30% with personalization tech". Retail Dive. Retrieved 18 July 2018.
  20. ^ "The World Economic Forum Selects ObjectVideo a Technology Pioneer for 2005". Business Wire. Retrieved 18 July 2018.
  21. ^ Elliot, Eric. "10 THINGS TO KNOW ABOUT RAUL FERNANDEZ". Dingman Blog. Retrieved 18 July 2018.
  22. ^ Journal, David PringleStaff Reporter of The Wall Street (2001-05-15). "Dimension Data Ends Series of Deals With $448 Million Purchase of Proxicom". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-01-28.
  23. ^ "Raul Fernandez joins Dimension Data's board of directors". www.bizjournals.com. Retrieved 2020-01-28.{{cite web}}: CS1 maint: url-status (link)
  24. ^ "Mavenlink Appoints Klaus Besier, Accomplished Former CEO of SAP Americas, and Raul Fernandez, Successful Technology Entrepreneur and Co-Owner of Washington Wizards, to its Board of Directors". PR Newswire. Retrieved 18 July 2018.
  25. ^ Henderson, Tom. "Urbaneer provides downtown living space solutions in Grand Rapids". Crain's Detroit Business. Retrieved 18 July 2018.
  26. ^ Heath, Thomas. "What the mega-rich tell their kids about money". Financial Review. Retrieved 18 July 2018.
  27. ^ Hall, Gina. "Broadcom unveils 11 nominees for Qualcomm's board in first move toward hostile takeover". Silicon Valley Business Journal. Retrieved 18 July 2018.
  28. ^ Zaczkiewicz, Arthur. "Futuristic Tech Trends Can Boost Brand Loyalty And Personalization". Footwear News. Retrieved 23 July 2018.
  29. ^ Alaimo, Dan. "Cosabella conversions jump 30% with personalization tech". Retail Dive. Retrieved 23 July 2018.
  30. ^ Elliot, Eric. "10 THINGS TO KNOW ABOUT RAUL FERNANDEZ". Dingman Blog. Retrieved 23 July 2018.

[1] [2] [3] [4] [5] [6] [7]

  1. ^ Neibauer, Michael. "Entrepreneur Raul Fernandez sells Reston-based ObjectVideo to Tysons company". Washington Business Journal. Retrieved 18 July 2018.
  2. ^ "Trustees". Holton-Arms School. Retrieved 18 July 2018.
  3. ^ "DC-CAP Board of Directors". District of Columbia College Access Program. Retrieved 18 July 2018.
  4. ^ "Our Team Board of Directors". Fight For Children. Retrieved 18 July 2018.
  5. ^ Borden, Mark; Koudsi, Suzanne. "America's Forty Richest Under Forty They're young, smart, and on the Net. See how they stack up in the first-ever ranking of the wired generation's wealthiest". Fortune. Retrieved 18 July 2018.
  6. ^ Dalphonse, Sherri. "Young Millionaires". Washingtonian.
  7. ^ Mencer, Lisa Kay. "Fernandez, Raul". Learning To Give. Retrieved 18 July 2018.
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