Prior to Originate Ventures, Mike was a co-founder and former CEO of OraSure Technologies (NASDAQ: OSUR), where he helped build the company from a start-up to more than $50 million in annual sales and a market cap of over $500 million over a 17-year period. Among other things, OraSure is best known for developing, manufacturing and selling the 1st rapid oral fluid HIV test in the world.
Over that time, Mike raised more than $100 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 seven consecutive years to the Fastest 50 growth companies in the Greater Philadelphia region.
Mike is the Chairman of Lehigh Valley Industrial Park, Inc. (www.LVIP.org) a local non-profit land development company. Mike joined the Board in 2001 and became Treasurer in 2004 and Chairman in 2016. 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. The lofty targets include the new creation or retention of 10,000 jobs and $1 billion of new capital investments in the region.
Mike served as a Board member and former Treasurer for the Community Action Committee of the Lehigh Valley (www.CACLV.org) from 2009 to 2019. The CACLV’s mission is to improve the quality of life in the Lehigh Valley by building a community in which all people have access to economic opportunity, the ability to pursue that opportunity, and a voice in the decisions that affect their lives. Mike helped fund expansion of its food bank operation to deliver up to 20 million pounds of food annually to a seven-county region.
Mike served as a Managing Partner of The Brand Experience (www.TheBrandExperience.com) from 2011 to 2018. The Company was a private marketing agency located in Cincinnati, Ohio, focused on building compelling, multi-dimensional experiences for corporate visitor centers, tradeshows and events and was sold in 2018 to HyperQuake (www.HyperQuake.com). Mike provided the seed capital to help the founders spin the division out of a corporate conglomerate into a stand-alone agency with revenues in 2018 in excess of $10 million.
Mike served as a Board member and Audit Chair at KNBT Bancorp (NASDAQ: KNBT). During Mike’s tenure, 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.
Mike also served on the Healthcare Advisory Board of Safeguard Scientifics (NYSE: SFE), a publicly traded venture capital firm located in Philadelphia.
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.
Mike has one son and two German shepherd dogs. In his spare time, he enjoys golfing, biking, hiking, philanthropic activities, red wines and Asheville, NC. He is active in the local community supporting a wide range of economic development and entrepreneurial ventures.