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Mike Gausling, Managing Partner
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Co-founder and former CEO of OraSure Technologies (NASDAQ: OSUR), Mike helped build the company from a start-up to over $50 million in annual sales and a market cap of over $500 million over a 17-year period. Over that time, Mike has raised over $75 million from angel investors, venture capitalists, public offerings, and from commercial banks. Mike was recognized as Ernst and Young Central and Eastern Pa Biotech Entrepreneur of the Year in 2005 and the Company was named for 7 consecutive years to the Fastest 50 growth companies in the Greater Philadelphia region. Prior to co-founding the predecessor company to OraSure Technologies in 1987, Mike held a variety of financial management positions at Proctor & Gamble.
Mike served as a Board member and Audit Chair at KNBT Bancorp (NASDAQ: KNBT). Since Mike joined the Board in 2000, the Bank grew from $800 million in assets to be one of the largest community banks in northeastern Pennsylvania, with more than $3 billion in assets. In January 2008, KNBT merged with National Penn Bank, resulting in combined assets totaling more than $8.7 billion.
Mike currently serves on the Life Science Advisory Board for Safeguard Scientifics, Inc. (NYSE: SFE). Safeguard is a holding company that builds value in high-growth revenue stage information technology and life science businesses.
Mike is also currently the Treasurer of LVIP, a local non-profit land development company. LVIP recently acquired a large former Bethlehem Steel brownfield site and expects to invest $100 million in the redevelopment of the site into prime industrial, retail, and commercial space.
Mike graduated from Rensselaer Polytechnic Institute with a BS in Mechanical Engineering in 1980 and he received an MBA in Finance from Miami University of Ohio in 1983. He is active in the community promoting economic development and entrepreneurship.
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