Board of Directors

Mike Wehrs

Chief Executive Officer & President of Scanbuy

Dedicated to the wireless world for over ten years, Mike Wehrs has held key positions that contributed to shaping the industry’s boundless future.

Most recently, Mr. Wehrs was Global CEO and President of the Mobile Marketing Association (MMA), comprised of leading aggregators, agencies, brands, carriers, and developers in the wireless industry. In that role, he provided inspiring leadership for the organization’s 700-plus members, representing more than 40 countries worldwide. Mr. Wehrs’ comprehensive resume includes executive management roles at companies such as Nuance Communications, Inc., Microsoft Corporation, AOL, Ignition Corp., and Samsung Electronics. He has participated on a number of standards boards for the industry, including CTIA, OMA, .mobi, Bluetooth SIG, WAP Forum, and QIC committee. Currently active on the board of BNET Communications, Mr. Wehrs is an advisor to several notable companies in the mobile marketing business. He earned a Bachelor’s Degree in Computer and Information Science from Syracuse University.


Dennis Carey

Vice Chairman Korn / Ferry International

Dennis Carey is Vice Chairman at Korn/Ferry International, specializing in the recruitment of CEOs and corporate directors for fortune 500 companies.

In recent years, he conducted successful searches for CEOs of 3M, Tyco International, and MCI, among others. In addition, Mr. Carey managed the recruiting process for corporate boards at dozens of companies, including American Express, CBS, Tyco International, GlaxoSmithKline, Goldman Sachs, and Merrill Lynch. He serves as a director at AirClic, The Edgewater Funds and Wharton's Director's Institute, which he co-founded. Mr. Carey has published three books related to his business experience: CEO Succession, The Human Side of M&A, and How to Run a Company.


Eli Finestone

Director, F&F Realty, Ltd.

Eli Finestone, is a Director at F&F Realty, Ltd., a real estate development and management company.

Mr. Eli Finestone, is a Director at F&F Realty, Ltd., a real estate development and management company that owns and operates seven hotels, five restaurants, a retirement community and assisted living complex and four upscale apartment communities in the Chicago area.  Prior to joining F&F Realty, Mr. Finestone was an associate at Pircher, Nichols & Meeks, providing counsel to private equity firms by offering sophisticated legal services for real estate transactions and related matters, including a particular emphasis on joint ventures and the sale and acquisition of real estate assets.

Mr. Finestone is a member of the Illinois State Bar Association, and graduated from New York University School of Law in 2003.


Avi Chai Outmezguine

Co-Founder and General Counsel Scanbuy

Chai Outmezguine is Scanbuy’s co-founder, general counsel and head of business development.

He is focused on managing Scanbuy’s IP portfolio while developing global partnerships within the mobile commerce industry. He is the holder of several patents on behalf of Scanbuy relative to the decoding and use of linear and two-dimensional barcodes.

Prior to joining Scanbuy, Mr. Outmezguine was the General Counsel for IDVector, an international firm engaged in maximizing the value of intellectual property rights in the IT industry. There, he led the intellectual property protection and valuation initiatives, establishing a number of strategic alliances with Fortune 500 companies.

Mr. Outmezguine graduated from Georgetown University Law Center and obtained a law degree with honors from Essex University School of Law in England. He also holds a B.A. in Finance from the Business School of IEA, Paris and is a member of the New York State Bar.


Simon Pelman

Board of Directors

With nearly four decades of business experience, Simon Pelman is a pioneer and innovator in the industry of health care administration.

He served as President and CEO of numerous New York City-area residential health care facilities that included over 1,000 beds and generated in excess of $100 million per year. Mr. Pelman brings his unparalleled business acumen to guide the company's expansion to serve the healthcare industry’s connection to barcode technology. He earned undergraduate and graduate degrees from Bernard M. Baruch College, along with a Post Masters Certificate in Gerontological Practice from Adelphi University, and an Associate Degree in Community Health Education from Hunter/Mt. Sinai Geriatric Health Center. Mr. Pelman has received numerous congressional citations and an accommodation for 25 years of community board service from the Queens Borough President.


Andrew Rashkow

CEO and President, Imbibe

Andrew Rashkow is CEO and President of Imbibe

Imbibe, a leading creator and producer of beverage flavors, beverage ingredient systems and finished products for the beverage industry. Mr. Rashkow joined the company in 2001 and helped pioneer its transformation from a 35-year old niche flavor manufacturer to one of the beverage industry’s leading technical and creative innovators. Imbibe currently operates various production facilities in both North and South America.

In the decade prior to joining Imbibe, Mr. Rashkow served as the Managing Partner of SilverYoung Private Equity, an early-stage private equity fund, whose primary investment focus was marketing companies with unique technological platforms. Previously, Mr. Rashkow was a Partner at Chapman Partners investment bankers, specializing in mid-market mergers and acquisitions. In the early nineties, Mr. Rashkow began his professional career as part of the executive team of French home-improvement retailer OBI, based in Lille, France.

Mr. Rashkow currently serves on the boards of the following organizations: Scanbuy, Enjoy Life Natural Brands, MAB Capital Management, One Million Degrees, Upsize Chicago, Arie Crown Hebrew Day School, and the Skokie Community Kollel. Mr. Rashkow is also a member of the Young Presidents’ Organization.


Stephen K. Smith

Managing Partner of Masthead Venture

As a former All-Star Analyst who led Paine Webber’s technology research group, Steve Smith has been a partner of Masthead Venture for 11 years.

His credentials include being named ten times to the Institutional Investor All-Star team, and twice as the Wall Street Journal Analyst of the Year. He held systems engineering and sales positions with ICL, and is a member of Common Angels. Mr. Smith earned an MBA from Harvard and a Computer Science Degree from Brighton Polytechnic University. He is a current board member of Packet Design, and formerly served on boards at Bitpipe (acquired by TechTarget), Ecount (acquired by Citigroup) and Tizor Systems (acquired by Netezza).


Bill Carson

Board Observer, Hudson Ventures

Bill Carson joined Hudson Ventures in 2002, focusing on early stage companies in the areas of financial technology and wireless and business application software.

He also represents Hudson on the board of directors of Integral, Pivot, and was responsible for firm's investment in Guardent before it was sold to Verisign. Prior to joining Hudson, Mr. Carson ran Citigroup's Strategic Investment Group, co-founded the Citigroup Technology Investment Fund, served on the Investment Committee for the firm's Fund of Funds and was a member of the corporation's Internet Operating Group. In addition to his venture capital experience, Mr. Carson managed Citigroup's internal M&A team during the 1990s where he was responsible for all of Citigroup's acquisitions and divestitures. He began his career as a product engineer at IBM working in both the storage and software manufacturing businesses. Mr. Carson earned undergraduate degrees in engineering and economics from the University of Notre Dame and an MBA from the University of Chicago.


Wallace Pai

Board Observer, Motorola Mobility

Wallace Pai is vice-president, corporate development and investments at Motorola Mobility, Inc. and manages Motorola Mobility Ventures.

After the acquisition of the company by Google, the company's strategic investment arm under Wallace’s direction is responsible for identifying and executing equity investments in start-up firms. His role includes working actively with entrepreneurs and portfolio companies to accelerate access to new technologies, new markets and new talent for all Motorola Mobility businesses.

He joined Motorola four years ago from US-based semiconductor company Qualcomm.

He has also worked at US-based consultancy McKinsey & Co and US-based semiconductor company Intel. He received a master of business administration from Harvard Business School and studied at University of Michigan.


Tony Palcheck

Board Observer, Motorola Solutions Ventures

Tony Palcheck is a managing director at Motorola Ventures, based in Schaumburg, Illinois.

In this role, he is responsible for identifying and executing strategic, minority-equity investments in start-up firms to accelerate access to new technologies, future markets, and developing talent for all Motorola businesses. Prior to joining Motorola Ventures, Mr. Palcheck was a director in the Corporate Business Intelligence group at Motorola where he was responsible for identifying emerging technologies and researching potential investments, divestitures, acquisitions and alliances. He joined the Intelligence group from Motorola's Cellular Infrastructure Group, leading the next generation cellular market requirements of research, forecasting and segmentation. Mr. Palcheck earned an undergraduate degree in marketing and an MBA from DePaul University in Chicago, where he graduated with honors. Mr. Palcheck serves as an adjunct professor of marketing at Lake Forest Graduate School of Management.