Richard Brekka is a Managing Partner and co-founder of Second Alpha. He is a passionate spokesman for the importance of secondary investing to the overall health of the innovation economy. For more than twenty years, Richard has invested in growth-oriented tech companies – particularly software-as-a-service, mobile content, communication services and Internet opportunities. He currently serves on the board of TeraGo Networks (TSX: TGO) and is a board observer to PayFone. Previously, Rich served on the boards of Appia Communications (acquired by CallTower), AVST (acquired by StoneCalibre), TouchCommerce (acquired by Nuance Communications (NASD: NUAN)), Sixth Sense Media (acquired by Evolving Systems), The Guild (acquired by Digital Fuel Capital) and SeaPass (acquired by Internet Capital Group).
Prior to founding Second Alpha, Richard was President, Managing Partner and founder of Dolphin Equity Partners, a New York-based venture firm. Between 1998 and 2010, Dolphin raised two funds and invested in nearly three dozen portfolio companies. At Dolphin, Richard managed investments in Gomez (acquired by Compuware – the acquisition represented one of the top ten largest exits in the venture industry during 2009), Mobile Armor (acquired by Trend Micro), Enpocket (acquired by Nokia) and Overtone (acquired by KANA).
Before Dolphin, Richard was a Managing Director in the private equity investment group at CIBC and President of CIBC’s U.S. private equity subsidiaries. While at CIBC, he was on the board of ten communications companies, including Telesystems International Wireless (acquired by Vodaphone), Orion Network Systems (acquired by Loral), and Transit Communications (acquired by DialPage). Prior to CIBC, he was with Chase Capital and led the Firm’s investments in Nextel (NASD: NXTL) and DisCom Communications (acquired by Nextel).
Richard holds a bachelor’s degree from the University of Southern California and an MBA from the University of Chicago.