Frank H. Foster
Frank H. Foster is Managing Director of DFJ Frontier, a Draper Fisher Juverston affiliated venture capital fund with $80M under management focused on seed and early stage technology companies on the west coast. DFJ Frontier is a member of the Draper Venture Network which is a network of venture funds across four continents with over $7 billion in assets and more than 500 active venture-backed portfolio companies. Frank also manages the Gideon Hixon Fund, the venture capital investment vehicle for the Hixon Family. The group’s venture capital investments also include Apple Computer and Dell as well as more recent successes including Instructure (INST), CORSolutions (acquired by Matria), Sensitech (acquired by Carrier), Medior (acquired by AOL), Security Dynamics (acquired by RSA), WebCal (acquired by Yahoo) and Xiotech (Acquired by Seagate). Prior to that, he was a General Partner of Allen & Buckeridge PTY LTD, a leading Australian venture capital firm with approximately A$250 million under management. At Allen & Buckeridge, he led investment efforts into Hitwise (Acquired by Exerian), eKit (acquired by Jersey Telecom), Wishlist (acquired by Qantas) and Nextgen Gaming (acquired by NYX Gaming Group).
Frank also has extensive operational experience through his roles at Virtual Music Entertainment (acquired by NAMCO), Contexture Systems and Prophecy Development Corporation. Recently he was the lead investor and board observer for the St. Archer Brewing Company which was sold to MillerCoors in October 2015. Previously, he was the CEO and Executive Chairman of the Prolacta Bioscience, leading the company through its successful turn around and funding. Before, he was an executive director of YellowPages.com where he helped guide the company though its successful sale to SBC Communications (NYSE: SBC) and Bell South (NYSE: BLS) in November 2004. He was also a director of Cogent Data technologies through its successful sale to Adaptec Inc (NASDAQ: ADPT) in June 1996.
Frank is currently a director of Prolacta Bioscience, HydraDx (Chairman), Hixon Properties (Chairman), Skincential Science, Marval Bioscience, Buyology, Predixion Software (observer), Edufi (Chairman) and Zadspace. He also serves as a venture partner for Southern Cross Venture Partners a $150M international venture capital fund focused on bringing Australia/NZ technology to the US. He is currently the Chairman of the Board of Trustees of the Cancer Center of Santa Barbara and a board member of the Pacer Foundation.
Frank received his MBA from The Harvard Business School and a BA cum laude from Harvard University. He regularly presents and teaches classes in entrepreneurship and family business at UCSB, Cal Poly, Stanford GSB and Portland State University.