Directors

SCOTT R. ROYSTER
FOUNDER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER, LATIMER EDUCATION

Mr. Royster spent more than half of his career at Radio One, Inc., one of the largest media companies targeting the African American market. He joined Radio One as its CFO in 1996. At the time, it owned seven radio stations in two markets, and over the course of the next 12 years helped build that company into a diverse media conglomerate which, at peak size, owned more than 70 stations in 22 markets, a cable channel (TV One), content and publishing assets and a growing Internet presence. Among many other things, Mr. Royster was responsible for the company's 1999 IPO and many following on offerings and helped raise more than $3 billion of capital over the course of his tenure. In 2006, Mr. Royster was named the Broadcasting Industry's CFO of the Year by Institutional Investor magazine.

Mr. Royster has also spent many years as a private equity investor having worked for several firms over the course of his career, including Chemical Venture Partners, Capital Resource Partners and TSG Capital Group, the last of which was, at the time, the largest private capital firm owned and operated by African Americans.
Mr. Royster's investment experience spans a multitude of industries and investment sizes and he has sat on numerous corporate boards over the years, including the Board of Directors of HRH, Inc., a NYSE-listed company that was successfully sold to Willis Group (NYSE: WSH) in 2008 for more than $2 billion.

In addition to his business interests, Mr. Royster has many philanthropic interests and has sat on the Board of the Arena Stage Theatre in Washington, DC, as well as the Board of Visitors of Duke University and the Visiting Committee of the Harvard Business School. Mr. Royster is a graduate of Duke as well as HBS. He is currently a member of the Board of Trustees at The River School in Washington, DC.

AMY ERRETT
PARTNER, MAVERON LLC

Amy joined the Maveron team as a partner in 2008, expanding operations beyond the rain of the Pacific Northwest’s Seattle to the fog of San Francisco. She offers Maveron more than 25 years of business and operating expertise as a leading entrepreneur, senior executive and social-mission visionary. Her focal points are emerging Web enabled consumer trends, e-commerce social shopping, and online education. Amy currently serves on the Altius Education, Livemocha and KidZui boards of directors.

Amy’s multifaceted career has ranged from the online Web 2.0 media industry to the offline consumer marketplace, and has stretched as far as volunteer nonprofit leadership. Most recently, she was chief executive officer and an owner of Olivia, repositioning the travel company as a complete lifestyle company for gay women both online and offline while multiplying revenues from $5 million to $25 million in 2007. In 2006, she was named the Ernst & Young Entrepreneur of the Year for Northern California. Prior to her work at Olivia in 2002, she founded and served as chair and chief executive officer of The Spectrem Group, a worldwide strategic consulting, information, and M&A advisory firm. Amy sold Spectrem to an IPG subsidiary, NFO Worldwide (NYSE:NFO) in 1996. After the sale, she joined the senior management team at E*Trade where she diversified the company’s business beyond brokerage and ran a $200 million business that encompassed the management of E*Trade’s growth areas, including their business-to-business stock option division, and launched a successful asset-based products and investment management services division. Among Amy's citations is the Israel Fellows Award, presented by the San Francisco–based Jewish Community Federation. A passionate humanitarian, Amy is the chair of the board of Glide Foundation, San Francisco’s largest nongovernmental, direct social services organization. Amy is also a member of San Francisco’s Barbary Coast chapter of YPO and serves on the board of Wharton West.

A New York native, Amy earned an MBA in finance from the Wharton School at the University of Pennsylvania and a BA in liberal arts from the University of Connecticut. She is a fanatical UCONN Huskies fan where she was a student athlete. (This makes for fascinating partner meetings during basketball season since she is not a DUKE fan!) She and her partner live in San Francisco with their daughter.

JASON STOFFER
PARTNER, MAVERON LLC

Jason Stoffer is a partner at Maveron LLC, where he focuses on investments in education and e-commerce. Prior to joining Maveron, Jason served as senior director of strategic operations for Career Education Corp., where he co-founded and led admissions and marketing for IADT Online, a for-profit, post-secondary design college. He has also served as an associate at Spinnaker Ventures, an expansion-stage venture capital fund, which focuses on investments in information technology, communications and business services. Jason holds a B.A. in economics from the University of Michigan, Phi Beta Kappa, and an M.B.A. from the Wharton School at the University of Pennsylvania.