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Rich Preston
CEO at NovaSolix, Inc
Rich Preston is the CEO of NovaSolix, Inc., a company developing solar devices that utilize rectifying antennas to convert light into electricity.124 These carbon nanotube (CNT) antennas are designed to match the nanoscale wavelengths of sunlight, achieving higher efficiency compared to photovoltaic (PV) cells.14 The company was founded in 2015 and is based in Newark, California.1
Career Summary::
- Preston is a seasoned CEO/COO executive with a strong background in operations and finance.
- He has a proven history of developing hardware and software companies from the ground up to profitability.
- His experience includes enterprise/cloud/big data, SaaS software, hardware-software storage systems, and wireless and microwave-cellular technologies.
Experience:
- CEO, NovaSolix, Inc.: Preston has been the CEO of NovaSolix since August 2015.2
- President, Preston Strategic Resources: From 2014 to August 2015, he provided CEO advisory services to early-stage companies.2
- CEO, Charisela Technologies, Inc.: He served as CEO of this company, which developed advanced assays for flow cytometers, from 2010 to 2014.2
- CEO, Abrevity, Inc.: From 2006 to 2009, he led this company, which developed a unique database for managing large amounts of unstructured data.2
- CEO, EMI Financial: Preston was the CEO of this innovative stored value platform for international money transfer from June 2003 to December 2005.2
- CEO, Acme Storage: In 2001-2002, he headed this disruptive storage management company for the NAS marketplace.2
- CEO, Advanced Care Technologies: From 1999 to 2001, he led this company, which developed a disease management platform for managing diabetes.2
- CEO, iPlanet: He was CEO of this internet and enterprise secure access products company (sold to SUN) from 1997 to 1998.2
- CEO, Common Ground Software: From 1995 to 1996, he led this company, which specialized in portable document and electronic publishing products (sold to Hummingbird Communications).2
- CEO, Addstor: Preston founded this company and grew it to profitability with a $25 million run rate, building real-time data compression products. He sold retail and through licensing agreements with IBM and Novell.2
- CEO, Qualogy (formerly Data Systems Design): From 1974 to 1990, he was CEO of this $40 million manufacturer of advanced disk systems.2
- Director, Silicon Valley Bank: He was on the first Board of Directors of the bank from March 1982 to April 1984.2
Funding and Achievements::
- Preston has secured significant funding for his ventures, including $4.5 million from top-tier VCs, $2 million in angel funding, a $200,000 federal grant, and $5 million from corporate VCs and private placements.
- He has also raised $1 million of equity funding and $2 million through vendors to fuel company growth.
- Additionally, Preston bootstrapped a company from $0 to nearly $50 million without external equity.
Education::
- MBA in Finance from the University of California, Berkeley2
- BS in Business Administration from the University of California, Berkeley2
Other affiliations::
- Chairman of the American Electronics Assoc. NorCal Council
- Trustee of the Coyote Point Museum
- Co-founder and Trustee of the San Mateo County P/R Foundation
- Member of GOTHAM GREEN®3
Highlights
Jan 1 · muckrack.com
Rich Preston's Biography - Muck Rack
Jan 1 · gothamnetworking.com
Rich Preston - Gotham City Networking
Feb 2 · cbinsights.com
NovaSolix - Products, Competitors, Financials, Employees ...
Jan 1 · novasolix.com
A Giant Leap Forward For - NOVASOLIX
Dec 18 · sec.gov
SEC FORM D/A