Board of Directors

Edward Fields

Edward Fields has more than 20 years experience developing and marketing educational technology and enterprise software solutions. Prior to founding HotChalk, Ed served as Senior Vice President of Marketing, Agile Software Corporation, President and CEO of ProductFactory, Inc. (a software firm he co-founded which was acquired by Agile Software in 2003) and Director of Interactive Publishing at The Learning Company. Ed has a B.A., Mass Communications from the University of Denver and currently serves as a member of the Board of Directors for Center For Education Reform and the Board of Trustees for University of California, Merced.

Jay Fulcher

Jay Fulcher is President and CEO of Ooyala. Under Jay’s leadership, Ooyala has become the industry’s fastest-growing video technology company. Jay oversees all aspects of Ooyala’s strategy and operations, with a special focus on growing Ooyala’s business around the world. His outstanding track record as CEO includes leading both public and private technology companies. He was previously CEO of Agile Software (acquired by Oracle) and served in executive roles at SAP and PeopleSoft. He currently advises companies in various industries including Education, Technology and Media. Jay is a graduate of San Jose State University where he currently serves on the Advisory Board for the Lucas Graduate School and the SJSU College of Business.

Bryan Stolle

Bryan joined Mohr Davidow in 2008. He made the move to venture capital after a two decade career that began at Ross Perot’s Electronic Data Systems (EDS) with stops at three technology start-up companies, all of which became market leaders. The most recent, Agile Software, he started in 1995. At Agile, which led the creation of a new category now called product lifecycle management (PLM), Bryan served as CEO from start-up through a public offering and secondary that raised over $500M; executed on almost two dozen private and public M&A transactions; steered a major strategy shift following the bursting of the B2B bubble in 2001 that required rebuilding the management team and board and led to the eventual acquisition of the company by Oracle at a revenue run-rate that was more than double its peak during the B2B bubble. Bryan serves on the advisory boards of the Santa Clara University Leavey School of Business and the University of Texas McCombs School of Business, and on the boards of the San Jose Children’s Discovery Museum and Montalvo Arts Center.

Bryan holds a Bachelor’s degree in Business Administration and an MBA from the University of Texas at Austin.

Kay Krafft

Kay Krafft is the CEO of the Bertelsmann Education Group. Until early 2014, he was Chief Investment Officer of music rights management company BMG. Kay has been instrumental in setting-up BMG as part of Bertelsmann, selecting and structuring a partnership with investment firm KKR late 2009. Since then, BMG has been built from a start-up to a major player in the music industry through acquisitions as well as the establishment of an international presence. Before joining BMG’s Executive Board, he served as EVP and global head of mergers and acquisitions at Bertelsmann. From 2000 to 2005, Kay Krafft was a partner at professional services firm Deloitte. Other experiences include a period with Clearstream, now owned by Deutsche Börse Group, another with private equity firm BNL (Beteiligungsgesellschaft Neue Länder) and with Treuhandanstalt (agency that privatised the East German enterprises). Kay graduated 1993 in Business Administration at University of Trier and Dublin City University.

Jaroslaw Gabor

Jaroslaw Gabor is CEO of Bertelsmann Inc., the US headquarters, and CFO of Bertelsmann Education Group. Headquartered in Gutersloh, Germany, Bertelsmann is a media, services and education company that operates in 50 countries around the world. It includes the broadcaster RTL Group, trade book publisher Penguin Random House, magazine publisher Gruner + Jahr, service providers Arvato and Be Printers, the music rights company BMG and e-learning provider Relias Learning.

The company has more than 112,000 employees and generated revenues of €16.7 billion in 2014. Jaroslaw Gabor joined Bertelsmann in 2006 as Vice President Mergers and Acquisitions after working in various positions at the energy company Eon and at Deloitte. In the following years he assisted with several of the Group’s large transactions such as the sale of various Direct Group businesses, numerous BMG acquisitions and also the merger of Penguin and Random House to become the world’s largest book publisher.

At Penguin Random House he was jointly responsible for the integration of the two publishing groups. In parallel, Jaroslaw Gabor worked on the development of the Bertelsmann Education Strategy and the acquisition of Relias Learning. He currently resides in New York.

David Oppenheimer

David Oppenheimer brings over 25 years of executive financial leadership, and has led companies through successful IPOs and strategic acquisitions, including CFO roles at Ebates, ServiceSource and Digital Impact, where he managed the IPO process, multiple acquisitions and strategic sales. Oppenheimer’s executive roles also include CFO for Mindjet and Hands-On Mobile, and senior financial leadership positions at Autodesk, AlliedSignal (Honeywell), and United Airlines. David earned his BS in Mechanical Engineering form the University at Buffalo, an MBA from UC Berkeley and post graduate work at Stanford GSB.

Jean-Michel Valette

Over the past 30 years, Jean-Michel Valette has been actively involved in the growth of numerous branded consumer goods companies as advisor, investor, director and Chief Executive. He is currently Chairman or Lead Director of two public companies –Select Comfort, Inc. and Boston Beer Company– and of privately held Vinfolio. He is also a director of Peet’s Coffee and Tea Inc. and Caribou/Einstein’s.

Previously, Mr. Valette was Managing Director and Chairman of the Robert Mondavi Winery, Oakville CA; CEO of Franciscan Estates, Rutherford, CA; and Managing Director, Hambrecht & Quist, Inc., San Francisco, CA and until recently was chairman of the Institute of Masters of Wine.

Mr. Valette earned a BA in German Literature and Economics in 1980 and an MS in Engineering Economic Systems in 1981 from Stanford University, where he was elected Phi Beta Kappa. He earned an MBA from Harvard University in 1985. Mr. Valette is an experienced mountaineer and avid outdoorsman. He has two adult children and lives in Kentfield, CA with his wife Janet.