Carol Atwood
Co-founder & Managing Director

Ms. Atwood is a seasoned CEO and entrepreneur. For over ten years, Ms. Atwood was owner and CEO of TMG, a New York-headquartered sales and marketing company representing Fortune 500 corporate clients. Prior to TMG’s successful sale to Mosaic Group Inc. in 1998, the company employed over 4,000 people in six offices.

As a result of TMG’s success, she won the Ernst and Young Entrepreneur of the Year Award for NYC. Ms. Atwood was co-founder and COO of a hedge fund investing primarily in the emerging market alternative energy and financial sectors. Ms. Atwood also founded, seed funded, and was instrumental in the development of Tembo Capital, a London-based private equity fund investing in natural resources in Africa.

Alongside her role in Spartacus, she chairs the board of King Arthur Flour, the second-largest flour brand in North America, and serves and has served on the boards of many respected ESG-focused organizations, including Registered Investment Adviser, Community Investment Partners, which manages over US$100 million. She has also been a founding investor and member of the board of directors of IW Financial, one of the leading providers of environmental, social, governance, and sustainability research to such clients as Deutsche Bank. Ms. Atwood also serves on many not-for-profit boards, including the Calvert Foundation, which is one of the initial pioneers of micro-lending and community development financial institutions, .

Ms. Atwood received a BA in International Relations from Boston University.

Carol Atwood is on the planning committee and acts as a Liaison for the Little Rock Accord Task Force, which is comprised of The Club de Madrid (made up of over 110 previous Presidents/ Prime Ministers of Countries Globally) in partnership with the P80, which was founded by HMK Prince Charles of the U.K. (a group of over 100 large sovereign wealth funds and pensions from around the world). Together these two groups created the Little Rock Accord while President Bill Clinton was Chairman of the Club de Madrid. The purpose of the Accord is to accelerate deployment of technology that addresses issues of access to clean water, energy, health and the environment. To do this they created the Global Solutions Institute (GSI) in 2016.  The GSI will include as part of its programs an innovation expo (GTED2) to be housed across from the Clinton Library.  The upcoming December Summit 2016 will be held, in part, at the Clinton Library in Little Rock, Arkansas and Carol Atwood will be a speaker at this event. As a result of Carol Atwood’s relationship with the GSI, Spartacus Capital is now actively partnering with the GSI to accelerate our portfolio companies’ expansion of sales and manufacturing.

To further provide value to Spartacus Capital’s portfolio companies, Carol Atwood, a Co-Founder of the investment company, is facilitating accelerated technology deployment thru a partnership program she has initiated that brings together the power of corporations, investment firms, and institutions of higher learning that are affiliated with the UN Sustainable Development Goals.

 
 

Rick Blume
Managing Director

Mr. Blume has worked in healthcare for several decades to improve outcomes and lower costs through medical technology innovation and restructured delivery systems. His experience in corporate finance, banking, and venture capital provide his investing with a comprehensive, strategic framework.

He has co-founded 6 venture funds and invested in over 60 innovative diagnostics, medical services, therapies, and devices.  Notable successes include: an improved cancer diagnostic for women’s health acquired for $6.4B US; the largest hospitalist company in US;  first miniaturizing ultrasound units [sold to MindRay]; first color Doppler imaging for flow diagnostics [sold to Siemens];  first rapid test for presence of MRSA [sold to BD]; a major advance in individualized drug dosing, improving efficacy while lowering toxicity.  His firm currently manages $225Mn US of venture investments.

Previously, Mr. Blume was  a Managing Director, Paine Webber, Healthcare investment banking.  He did his undergraduate studies at Stanford University and University of Pacific and received his MBA from Stanford’s Graduate School of Business.   He has created and taught courses in venture capital at the college level and is an Advisor to:  National Institute of Regenerative Medicine; Chicago Biomedical Consortium; and the Board of Governor’s of Stanford Associates.

 
 

Jeffrey Hurst
Managing Director

Jeffrey Hurst has more than 25 years of private equity and venture capital experience with a strong focus on financial services, communications infrastructure, information technology and analytical systems.

Before joining Staley Capital as an investment committee member, Jeff was , and remains, a co-founder and a general partner at Commonwealth, a leading Boston-based private equity firm focused on growth-stage technology companies. The Commonwealth team invested in over 140 companies, with Jeff taking the lead on several key investments including American Internet Corp., BBN Technologies (Highly Technical R&D Services Provider), NBX, Neurometrix, The MacGregor Group (Order Management Systems and FX Network Services Provider), Tungle, Seahorse Bioscience and Invaluable (SaaS technology and Marketing Services to the $40 Billion Live Auctions Market) Jeff currently serves on the boards of invaluable, The Tim Group, and Flyp.

Prior to his 20 years at Commonwealth, Jeff was a senior vice president with GE Capital’s Corporate Finance Group and a managing partner of Cox Partners, a private equity firm. He started his career with Bankers Trust Company.

Jeff’s philanthropic activities include serving as Trustee at the New England Aquarium, a nationally recognized leader in ocean conservation, protection of endangered species, animal rescue and aquatic research. A former member of Duke University’s Trinity College Board of Visitors, Jeff earned a B.A. in History and Economics from Duke University and an M.B.A. from Tulane University.

 
 

Suxiang Peng
Co-founder & Managing Director

Ms. Peng began her investment career as an analyst for Generous Returns, a hedge fund founded by Ms. Atwood.  With 10 years’ alternative energy and mining investment experience, Ms. Peng helped Ms. Atwood launch another private equity fund, Tembo Capital, which is investing in natural resources in Africa and is now in the process of raising fund two.  Ms. Peng is familiar with equity investment, deal structure, direct investment, M&A, exit and portfolio management. She is familiar with fund formation including fund structure, people allocation, negotiation and final agreement terms. She understands both the US and Chinese markets so can provide alpha to opportunities that invest in the US innovations and leverage accelerated growth opportunities in China. Her responsibilities as a Principal of Spartacus Capital include Asian Investor Relations as well as industry and company analysis, Portfolio Company due diligence and valuation, financial forecasting, financial modeling, and investment recommendations. Before joining Generous Returns, Ms. Peng was a due diligence and valuation consultant for Boston-based venture capitalist Highland Capital Partners and another Boston-based private equity firm, Hasting Equity Partners, LLC. Ms. Peng earned an MBA from Babson College. She passed the CPA exam in the US.

 
 

Robert W. Shaw, Jr.
Managing Director

Dr. Shaw has managed seven venture capital funds focused on alternative energy technologies for over 30 years.  Beginning his venture career in 1983, Dr. Shaw was founder and president of Aretê Corporation and served as the managing partner of the five Utech Funds from their inception to completion.  More recently he managed the Micro-Generation Technology Fund and SC Green Tech Ventures.  He continues to invest as an angel investor in a portfolio of alternative energy companies, focusing on advanced solar, hydrogen / fuel cell, and battery technologies. 

Prior to forming Aretê, he was a senior vice president and a member of the board of directors of the management consulting firm, Booz, Allen & Hamilton, where he was a founder of the firm’s energy division.  Earlier in his career, he conducted solid state physics research at Bell Laboratories and at the Cavendish Laboratory in the U.K., where he was an AFOSR postdoctoral fellow.  During this period he published 15 refereed papers in Physical Review B and the Journal of Physics C

Dr. Shaw has served as chairman and a director of two public companies that he helped found: Distributed Energy Systems Corp (DESC)/ Proton Energy Systems (PRTN) and Evergreen Solar, Inc. He also served as a director of NanoPhase Technologies, Inc. (NANX), as well as on numerous private corporate boards during his venture capital career.

Dr. Shaw was a member of the DOE’s Hydrogen and Fuel Cell Technical Advisory Committee (HTAC) for nine years, from its formation in 2006, and served as its chair from 2010-2012.  He has also served two terms on the Board on Energy and Environmental Systems of the National Research Council.  Dr. Shaw received a Ph.D. in Applied Physics from Stanford University in 1968, MSEE and BEP degrees from Cornell University in 1964, and an MPA in Organization Design and Development from American University in 1981.  He is a member of Tau Beta Pi, Sigma Xi, and Phi Kappa Phi, and has been listed in Who’s Who in America, Who’s Who in the World, Who’s Who in Finance and Industry, and American Men and Women of Science.