For over twenty years, Ross Ahlgren has been heavily involved with entrepreneurs, high-technology, change and success in a high-paced environment. For the last ten years, he has been a leading figure in the creation of a venture debt market outside the US.
Mr. Ahlgren’s destiny was already being shaped during his days at University of Texas, where he was part of a team that pioneered research into successful entrepreneurs, which led to several papers in the academic press and eventually to the adoption of new entrepreneurial coursework at the university. During his subsequent MBA at Carnegie Mellon University, he continued an entrepreneurial focus with an emphasis on technology, marketing and finance.
Upon leaving Carnegie Mellon, Mr. Ahlgren joined American Airlines where he was a member of the team that built the first Yield Management Systems, an innovation that is now not only integral to the running of airlines, but many other diverse businesses as well.
While at American Airlines, Mr. Ahlgren was offered a role within American International Group (AIG) to work directly with the CEO. Over the years, Mr. Ahlgren took on a variety of roles for the company, working as an internal consultant while also helping to start up a software company within their data center. After selling the software company, Mr. Ahlgren was tasked by the CEO to head up AIG’s global re-engineering project. Upon completion, Mr. Ahlgren was selected to move to Paris as part of a new senior management team that turned around the fortunes of a long-suffering European region, radically restructuring its core operations and helping it to grow into a profitable $1B+ operation.
After more than ten years at AIG, Mr. Ahlgren decided to reinvent himself by becoming a founding member of Europe’s first venture debt firm, European Venture Partners (EVP) in 1998. At EVP, he played a major role in the vision of the company as well as the creation of a European and Israeli venture debt market. Many of EVP’s early investments – in Bookham Technologies, among others – were very successful, thus ensuring the viability of EVP’s endeavours and allowing the company to flourish. The success of EVP’s second fund has already surpassed that of the first and the third fund, now re-named Kreos Capital, looks set to continue the trend. With over €215M invested in 2007 alone, Kreos have surpassed the €600M-invested milestone since foundation. Such success during a highly turbulent decade in Venture Capital is Mr. Ahlgren’s greatest achievement.
Ross is happily married with one incredible daughter and a crazy dog.
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