Steve Carnevale is executive Chairman of Sawgrass Technologies, a developer of enabling technologies for digital inkjet product decoration that connects creativity and commerce through mass customization. He has been a venture capitalist for twenty years with his own boutique investment firm Point Cypress Ventures and previously as head of private equity and crossover investing at two different hedge funds. He typically serves as the lead investor, and as such, is actively involved with the development of high-level strategies and day-to-day operations.
Mr. Carnevale has served on boards of directors or as chairman of numerous public and private companies and has extensive expertise in the areas of corporate finance and governance issues. He has also chaired audit, finance and compensation sub-committees. His particular interest is in technology start-ups which disrupt existing markets.
Prior to his venture capital career, Mr. Carnevale spent twelve years in management of various industrial enterprises. He began his career in network engineering with AT&T, before moving into the offshore oil industry and executive positions with Oceaneering International (NYSE: OII). At Oceaneering, he pioneered the development and operation of underwater robotic systems that work on the ocean floor. In 1985, Mr. Carnevale joined a NASDAQ specialty chemical company with market applications in health care, food packaging, defense and aerospace, where he completed a successful turnaround of the company. In 1990, he initiated a buyout of a private specialty computer manufacturer and served as its CEO until it was sold.
Mr. Carnevale is a founding Board Member of the University of Michigan Center for Entrepreneurship (CFE). He also leads Michigan's Silicon Valley Alumni Network for technology and entrepreneurship. Mr. Carnevale is the Founder of and Chairs the University of California San Francisco (UCSF) Advisory Board for the newly created Dyslexia Center, the first of its kind in the country. He also served the Charles Armstrong School as President of the board of trustees. He is a 1978 graduate of the University of Michigan, with an Engineering degree and a minor concentration in Marketing.