Number of Current Board & Advisor Roles 5
Number of Founded Organizations 2
  • Investor Type  Investment Partner

Charley is the founder and Managing General Partner of GrandBanks Capital, focusing on investments in Internet infrastructure, software and software services, security and storage applications, mobile media, financial technologies and services, and wireless technologies and services. Charley's investment career includes investments in 48

portfolio companies, which have resulted in 36 exits thus far. His track record includes 15 companies that went public, of which 10 achieved market caps in excess of $1 billion. The combined value of exits during Charley’s venture career has been over $6.1 billion which includes the $4.3 billion purchase of GeoCities by Yahoo!. Charley was recently named one of the top 50 venture capitalists on the east coast by AlwaysOn. Charley currently serves on the boards of a number of GBC companies, including; GlassHouse Technologies, KnowledgeVision, SendMe Mobile, SilverRail Technologies, TIM Group.

Charley has sponsored and managed investments in Art Technology Group (Nasdaq:ARTG), Backweb (Nasdaq:BWEB)(sold to Oracle Corp), E*Trade (NYSE:ET), FreeLoader (sold to Individual Inc.), Firefly Networks (sold to Microsoft), GeoCities (Nasdaq:GCTY; sold to Yahoo!), Gamesville (sold to Lycos), GSI Commerce (Nasdaq:GSIC)(sold to eBay, Inc.), Impulse Buy Network (sold to Inktomi), Interliant (Nasdaq:INIT), InvesTools (sold to Telescan), Launch Media (Nasdaq:LAUN; sold to Yahoo!), Mainspring (Nasdaq:MSPR; sold to IBM), Email Publishing/Message Media (Nasdaq:MAIL), Multex Systems (Nasdaq:MLTX; sold to Reuters), Personalogic (sold to AOL), Talk City (Nasdaq:TCTY), TheStreet.com (Nasdaq:TSCM), Third Age Media (sold to MyFamily), Webhire, Yoyodyne Entertainment (sold to Yahoo!), Exactis (Nasdaq:XACT; sold to 24/7 Media), 1800Flowers.com (Nasdaq:FLWS), Connected Corporation (sold to Iron Mountain, Inc. Nasdaq:IRM), Colubris Networks (sold to Hewlett-Packard Company(NYSE:HPQ)), Incipient (sold to Texas Memory Systems (Nasdaq:TMS)), Coradiant (sold to BMC Software (Nasdaq: BMC)), OutStart (sold to Kenexa (NYSE:KNXA)), Vela Systems (sold to Autodesk (Nasdaq:ADSK)), and most recently Ember Corporation (sold to Silicon Laboratories (Nasdaq:SLAB) and Savored (sold to Groupon)

Number of Current Jobs 2
Number of Past Jobs 1
Charles Lax has 2 current jobs as Founder at Flatiron Partners and Co-Founder & Managing General Partner at GrandBanks Capital. Additionally, Charles Lax has had 1 past job as the Founding General Partner at SoftBank Capital.
Organization Name  
Title At Company  
Start Date  
End Date  
SoftBank Capital
Founding General Partner
Number of Current Board & Advisor Roles 5
Charles Lax holds 5 board and advisor roles including Member of the Board of Directors at GlassHouse Technologies, Member of the Board of Observer at TIM Group, and Member of the Board of Directors at KnowledgeVision.
Charles Lax studied at Boston University.
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