RECAP—9th Investors vs. Operators Tennis Tournament on Grass in Chestnut Hill, MA

Tennis trophy picture, 2015, Longwood Tournament, Grass

On September 24, yet another glorious blue-sky fall day, 30+ PE & VC investors and their portfolio company operating teams suited up in whites to play in the annual charity tennis tournament benefiting Tenacity (

Frequent fist-bumps, bare feet and high spirits were the order of the afternoon.  Two flights were organized, one with 4.5 ranked players and above, to play in a round-robin, Davis Cup-style doubles match up.

This year’s winning double team included Doug Denny-Brown and Michael Logan (pictured above) from the Entrepreneurs Team.

The tournament was generously underwritten by law firm Burns & Levinson (,  The Vine Brook Group/Morgan Stanley Wealth Management (,  retained executive search firm BSG Team Ventures (  and innovation sector news media provider Xconomy (

About VC vs. Entrepreneurs Charity Tennis tournament: Each year for the last 9 years, this tournament has been help in the month September on grass courts in Chestnuthill, MA.   Please email if you’d like to request an invitation for the 2016 10th anniversary tournament.  If you’d like to inquire into underwriting the event, we’d love to hear from you too.

BSG Team Ventures recruits Director of Global Sales for connected car company Movimento



BSG Team Ventures is proud to announce the successful recruitment of Rob Crawford as Director of Global Sales at VC-backed connected car company Movimento. He has over twenty years’ experience across the automotive and automotive electronics industries.

Prior to Movimento, Crawford served as VP of Sales and Marketing for Obigo USA and Director of Business Development of Airbiquity, both of which are leaders in the budding business of interconnected embedded devices, or Internet of Things. Crawford has also served as VP of Automotive Sales for Navigon and for NAVTEQ, and he has a solid background in traditional automotive via his decade as VP of Sales, North America, with TI Group Automotive.

Crawford earned his BS, Mechanical Engineering, from Michigan State University; and his MBA from Bowling Green State University.

About Movimento
Movimento is the undisputed leader in automotive firmware reflashing and secure over-the-air (OTA) technology having successfully completed millions of vehicle and module updates for major OEMs and tier-one suppliers worldwide. Industry pioneers such as Bosch, Continental, Denso, Ford, GM, Jaguar Land Rover, Panasonic, Shanghai GM, and Volvo depend on Movimento technology and expertise for secure updates throughout the vehicle production lifecycle – from R&D through production to aftermarket. In business since 2003, Movimento has offices in China, Europe, Mexico, and the United States.

About BSG Team Ventures
Founded as Boston Search Group in 1997 and rebranded in 2008, BSG Team Ventures is a retained executive search firm focused on recruiting leaders for rapidly changing environments. Although BSG serves a wide range of clients including public corporations and not-for-profit organizations, the greatest concentration of BSG’s work is with private equity firms and their portfolio companies to expand or upgrade management, and with venture capital firms and entrepreneurs to build teams for early-stage businesses.

Over the past 15 years, BSG’s principals – working from offices in Boston, San Francisco, and London – have completed more than 500 assignments for board directors, C-level executives, and VPs in every major functional area.

CEO Severance and Employment Agreement Survey for Private Equity-backed Companies

Lightbulb, BSG Team Ventures ideas survey blog postPeriodically we survey our sectors of specialization to collect, analyze and disseminate what can be called collective wisdom. Often these are as a request from our clients. In this case, one such client asked us to query our relationships in the private equity community to generate and gather some market intelligence on two questions directed at private equity portfolio companies:

  1. What is the prevailing standard for CEO severance in private equity-backed companies?
  2. Do most CEOs have an employment agreement, or are they employees at will, working off of a detailed Offer Letter that had been drafted and executed by both parties?

Read on for the details of our survey!

EXECUTIVE SEARCH | Chief Executive Officer | Rosetta Stone

istock image, org chart drawing woman (from Clark-waterfalls-macbook-air)

Rosetta Stone

Chief Executive Officer

Reports To: Board of Directors
Location: Arlington, VA


“After four months of using Rosetta Stone, I am the most confident that I have ever been in my ability to engage in conversation in French… Thanks to Rosetta Stone (and in particular thanks to the practice in the Studio sessions)… I will feel confident in my ability to field questions about my research in French.”

“My son was living in Sydney at the time; we went to visit. He’s now living in Auckland, New Zealand, with a lovely young woman he met through work while in Sydney. Even when he transferred to Copenhagen, Denmark, they stayed in touch and visited when they could. Their relationship is the reason I’m learning German…When they marry, the ceremony will be in her hometown in the Bavarian region of Germany…I believe we’ll get closer to understanding each other if I learn official German… I really enjoy the course… thank you for Rosetta Stone!”

“I chose to sing opera and classical music. Then learning languages – Italian, French, German – had purpose and became fun… Fast forward to about 5 years ago – I no longer sing professionally, and had not needed much of any foreign language for several years… Then 4 years ago I went to Lugano, Switzerland for a conference, and couldn’t put a sentence together. It was time to re-learn… Rosetta Stone suits me perfectly: studying when I want, for as long as I want, and easily showing me what mistakes I make. I love the sounds of different languages and now want to study a new one each year.”


Rosetta Stone Inc. Reports Second Quarter 2015 Results

Rosetta Stone’s “Learn Languages” Android Tablet App Recognized with 2015 Tabby Award

Students Complete Record Number of Reading Skills Activities on Lexia Reading Core5

The TORONTO 2015 Pan Am/Parapan Am Games Selects Rosetta Stone to Provide Language Training Programs for Volunteers

Does this sound like the opportunity for you? Read on… here!

If You’re Not Going to PEI’s Operating Partners Forum, You’re Missing Out

Join BSG principals Clark Waterfall, Lew Weinstein, and Susan Hawkins at Private Equity International’s 5th annual Operating Partners Forum, which has become the premier event for the professionals in private equity firms who are focused on value creation at the portfolio company level.

With over a dozen panels and case studies, and featuring over 25 industry experts as speakers, the two-day conference is a high-impact forum that provides its delegates tools for active ownership and management.


EXECUTIVE SEARCH | Executive Vice President, B2B Solutions | Penn Foster

istock image, org chart drawing woman (from Clark-waterfalls-macbook-air)

Penn Foster

Executive Vice President, B2B Solutions

Reports To: CEO
Location: Eastern Pennsylavania; Greater Boston
Website: Penn Foster Education


“Since I received my high school diploma from Penn Foster High School, I have received several job offers. Getting my diploma from Penn Foster was one of the best things that happened to me. I had a wonderful experience. I can finally go to college to work toward getting a degree. Now I will be able to provide a better life for my daughter.”

“My responsibilities at my current place of employment have been increased to include the auto repair knowledge that I gained from Penn Foster. My employer has offered to give me a raise, as well as an extra title, as soon as I bring in my diploma from my program. I would tell anyone who wants to enroll in Penn Foster that this was the best and most convenient way to learn a skill.”


Penn Foster Celebrates 125 Years and Record Breaking Growth

The evolving role of employers in employee education

VCA Expands Relationship with Penn Foster

Penn Foster Breaks High School Diploma Record


Penn Foster seeks a seasoned education executive to lead a double-digit growth business unit within the organization. Reporting to the CEO, the EVP, B2B Solutions will lead a B2B Solutions business and be responsible for new business development, sales, channel and target market development, partnerships, and oversight of the business unit growth.
Particular focus will be on selling the company’s workforce readiness solutions to Fortune 1,000 and other corporations who seek employees with specific skills— to be an employer of choice as they work to recruit and retain the best talent with Penn Foster’s portfolio of high school completion, career-specific certifications and degrees.

Does this sound like the opportunity for you? Read on… here!

Links to Leadership – September 2015

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2015-04-11 - Links to Leadership, finalized - 392x101

Links to Recent Articles On Executive Leadership For Builder Leaders & their Investors
September 2015

BSG Team Ventures is dedicated to thought leadership on topics of interest and relevance to executives who are building their companies, and the investors who invest in them. We call these executives Builder Leaders – and this is the talent in which we specialize on behalf of our clients.

There is a tremendous amount of research being published on leadership, and our goal is to curate that material and share it within our community. For ease of browsing, we have provided a list of sources, and we have categorized the articles.

Feel free to forward this to other leadership peers, executives in portfolio companies, or investors who may have interest in staying current on the latest thinking in these areas.

Subscribe to our mailing list!

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Join Us: 9th Annual Investors vs Operators Tennis Tournament!

Investors vs Operators Davis Cup Challenge

9th Annual Investors vs. Operators Charity Tennis Tournament
Thursday, September 24, 2015 from 1:00 PM to 7:30 PM (EDT)
Chestnut Hill, MA
Doubles Round Robin on Grass Courts
– $175 includes court fee, cocktails, dinner, and networking! –


EXECUTIVE SEARCH | Chief Financial Officer | Achieve3000

BSG Team Ventures Retained Search Opportunity



Chief Financial Officer

Reports To: CEO
Location: Lakewood, NJ


Achieve3000, Inc. Granted U.S. Patent for Online Differentiated Instruction Methodology

Achieve3000 Helps Florida Teacher Achieve Extraordinary Reading Growth

Achieve3000 Goes Global with Launch of Worldwide Reseller Program

New Tools for the Common Core, featuring Achieve3000

… and other press releases


With Achieve 3000’s recent acquisition by Insight Venture Partners, a leading private equity firm in the Education industry, company CEO Saki Dodelson and the investors have launched a national search for a CFO to be responsible for managing all finance, accounting and reporting functions for this rapidly growing company focused on online differentiated instruction in literacy and other K-12 course areas.

The CFO will (1) implement KPIs and drive alignment on financial metrics; (2) provide strategy, leadership and coordination of all company financial practices, including M&A, forecasting, budgeting, financial reports, accounting, taxes and audit functions; and (3) work with the leadership, board of directors and investors to assess and upgrade financial operations and processes as necessary for scalability in a rapidly growing company.

The CEO and IVP share the conviction that the room for future growth is substantial, and that the company’s growth objectives will come largely through the acquisition of new schools in the United States and globally, and in cross selling the current portfolio of products to the established customer base.


For more than a decade, Achieve3000® has supported the individuality and potential of every student by reaching them where they are to help them reach higher levels of reading and writing proficiency.

The company’s fundamental belief is that literacy unlocks achievement, and that the key to improving literacy is differentiated instruction. Today, Achieve3000 is the leader in differentiated online instruction, serving more than one million students across the United States. In 2011, Inc. magazine included Achieve3000 on its annual 500/5000 list for the fifth consecutive year, the exclusive ranking of the nation’s fastest growing private companies.

Does this sound like the opportunity for you? Read on… here!

EXECUTIVE SEARCH | Chief Financial Officer | Johnny Rockets

org chart, new executive search


Chief Financial Officer


This Americana themed restaurant chain is a global success story operating and franchising its unique themed brand. Its unique niche offers customers world-wide an authentic Americana dining experience. Since its inception in 1986, Johnny Rockets has carved out a unique niche in the hospitality industry, providing all-American menu offerings in an exciting, energetic atmosphere. Customers can enjoy these offerings world-wide at sites ranging from over 340 stores, Royal Caribbean cruise ships and Six Flags amusement parks among others.


Reporting to the CEO and the investors, a leading global private equity firm, the challenge here is to capitalize on this company’s strengths and grow it both organically and through franchising.

Does this sound like the opportunity for you? Read on… here!

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