Mr. Ciannamea has been investing in and working with early-stage
companies for approximately 20 years.
He co-founded and is a Senior Managing Director of ACF
and AVF II. In this capacity, he is responsible for performing due diligence,
making decisions on portfolio company investments and contributing to corporate
Additionally, he has served as the President and CEO of
the North Carolina Technological Development Authority ("TDA"),
which administers programs and projects that foster business formation and
incubation, encourage entrepreneurship, increase capital formation, and
promote commercialization of technological innovations. Mr. Ciannamea directed
the TDA's venture capital program that provides financing to emerging companies
throughout North Carolina.
Prior to joining the TDA, Mr. Ciannamea managed a venture
fund for the New York State Science and Technology Foundation. During his
10 years at the New York State Science and Technology Fund, Mr. Ciannamea
was involved in approximately 50 venture capital investments in a variety
of technology areas that included energy, semiconductor equipment, biotechnology,
pharmaceuticals, robotics, software, advanced materials, electronic instruments,
telecommunications, optics, computer hardware, lasers, and electronics.
Mr. Ciannamea received B.S. and M.S. degrees from Rensselaer
Polytechnic Institute, and an M.B.A. from Virginia Commonwealth University.
He currently serves on the boards of directors of dbTag, Inc., ISIC Corporation
and Silicon Semiconductor Corporation.