Steve Nelson, Co-Founder of Carbon, Inc., has been appointed to the steering committee to help provide governance, oversight and guidance to the Duke Angel Network.
Nelson, who lives in Chapel Hill, served as Carbon’s launch CEO, raising its initial Series A financing from Sequoia Capital and others after its founding in 2013. He then went on to become the company’s first Chairman. Carbon, a pioneering company in additive manufacturing and 3D printing, is now based in Silicon Valley.
Previously, Nelson was managing partner at venture capital firm The Wakefield Group. Throughout his 14 years in this position, he established and ran the firm’s Research Triangle Park office, where he led investments and was a member of the board of directors of many early-stage private companies. He joined Wakefield after 19 years of executive and general management experience in technology, software, business services and cloud computing businesses.
In his Wakefield role, Nelson led investments in and was a former board member at Constella (sold to SRA), APEX Analytix (sold to PNC), RxMedic (sold to QS/1), Appia (sold to Digital Turbine) and Motricity (NASDAQ – MOTR). Among others, he was also board member at Liquidia, where he also served as interim CEO for 18 months.
“We are extremely fortunate to add Steve to the Duke Angel Network steering committee,” said Kip Frey, interim director of the Duke Innovation & Entrepreneurship Initiative. “His long expertise in the investment space will help the network evaluate potential investments and assist even more companies on the pathway to success.”
Nelson has been a member of the board of directors for BlueCross BlueShield of North Carolina since 2002 and recently concluded a four-year term as Chairman. He is now Chairman of the Executive Committee of BCBSNC. He is also a board member at IPG, a Sequoia Capital-backed company that has become the recognized leader of Device Benefit Management solutions.
Finally, Nelson is on the board of Sift, Jud Bowman’s third company, serving as lead director, and he and Wakefield Group are the personal and lead institutional investor in the company.
Nelson is also a former board member at SciQuest (NASDAQ – SQ1), a cloud-based spend management solution provider that sold recently to Accel-KKR for $509M.
Nelson received his B.S. degree in Business from Wake Forest University. He is a former member of the Board of Trustees at Wake Forest, the Board of Visitors at Duke University’s Fuqua School of Business, and was Foundation Board Chair at the North Carolina School of Science and Mathematics (NCSSM), where he was recently named a founding member of the Board of Visitors.
Nelson and his wife, Susan, reside in Chapel Hill, North Carolina and are parents of two adult daughters, Kerry and Brenna.