Since co-founding Canaan in 1987, Eric has helped launch a multitude of market-leading technology and efficient energy companies from inception to IPO or acquisition. Eric leads Canaan’s investments in cleantech, with a focus on identifying next-generation leaders in electric power and energy efficiency, and also invests in enterprise and communications infrastructure companies.
Passionate about changing the balance in the power industry to support a more sustainable future, Eric has actively invested in energy companies since the early 1990s. He backed early disruptors Transphase Systems, maker of large-scale energy storage systems; and Capstone Turbine, the world’s leading producer of low-emission microturbine systems. As an active board member for 13 years, Eric helped transform Capstone Turbine from an engineering project into publicly-held leader in the distributed power generation industry. Eric also served as an active director at Enpirion, developer of the first major innovation in integrated power technology in over a decade.
An expert in network and communications systems, Eric was also an early investor in Copper Mountain Networks (CMTN); ONI Systems (acquired by Ciena); and Kalpana (acquired by Cisco Systems). Eric has generated numerous positive outcomes from his investments in high-performance companies, including Argon Networks, Capstone Turbine, Diffusion Software, Frame Technology, International Network Services, Integrated Packaging Assembly, SandForce, Spectrian and Visigenic Software.
Prior to Canaan, Eric was a Senior VP of GE Venture Capital, where he led successful investments in companies such as Nellcor and Octel Communications. Eric also held a variety of sales, marketing and operations management positions at GE in two power-related industrial product businesses.
Eric currently sits on the boards of EnStorage, developer of a low-cost regenerative fuel cell energy-storage-system; Cortina Systems, a leading supplier of intelligent communication solutions; Lancope, the global leader in network behavior analysis and response technology; Xirrus, an innovator in high performance Wi-Fi; and Ebates, number one in online cash-back shopping.
Eric earned a BS in mechanical engineering from Cornell University and a MBA from Northwestern University. He is a member of the Advisory Council of Cornell University’s entrepreneurship initiative, Entrepreneurship@Cornell, as well as a frequent speaker to university students at Stanford, Cornell and UC Berkeley on the transformative power of entrepreneurship.
Argon Networks (Acq. by Siemens)
Capstone Turbine (CPST)
Copper Mountain Networks (CMTN) (Acq. by TUT, susequently by Motorola)
Diffusion Software (Acq. by Vignette)
Enpirion (Acq. by Altera)
Frame Technology (FRAM) (Acq. by Adobe Systems)
International Network Services (INSS) (Acq. by Lucent)
Intntl Packaging Assembly Corp. (IPAC) (Acq. by I2A)
Kalpana (Acq. by Cisco
Nellcor (NELL) (Acq. by Tyco International Ltd.)
Octel Communications (OCTL) (Acq. by Lucent)
ONI Systems (ONIS) (Acq. by Ciena)
SandForce (Acq. by LSI)
Spectrian (SPCT) (Acq. by REMEC)
Visigenic Software (VSGN) (Acq. by Borland Software)