Parallel18 Judge Nomination
Published 3 May, 2018
We are excited to announce that our CEO, Craig Lemasters, and our Chief Client Officer, Charles Thomason, have been nominated as judges for Parallel18’s Gen. 5 selection in Puerto Rico.
At GXG, we connect our clients to people who have the wisdom to help them overcome challenges and stay relevant. Part of that includes facilitating meetings that result in a mutually beneficial knowledge transfer and potential business opportunities between startups (at any stage) and executives from large enterprises.
Along with their experience managing a wide variety of such meetings, Craig and Charles have a combined 30 years of Startup and M&A experience. As CEO of Assurant Solutions, Craig led several acquisitions and incubations that helped the company more than double in size to $4 billion. Charles began his career working in multiple roles in strategy and business development for early-stage companies, after which he joined IBM where he worked on several M&A and early-stage growth projects.
Craig's and Charles's involvement in startup and M&A activities from both sides of the spectrum puts them in a uniquely qualified positioned to decide which startups they believe should join the San Juan-based accelerator.
Parallel18 offers startups $40,000 of equity free funding, co-working space, and a tailored mentorship and acceleration program. During the first two generations of Parallel18, startups have generated nearly $14 million in sales (more than half on the island), and dozens of new jobs. The program has been featured in TechCrunch, The New York Times, and NBC News for its impact in the region.
Winners will be announced this summer, and we at GXG look forward to our leaders being a part of fostering growth and innovation on the island.