Mr. Ciannamea has been investing in and working with early-stage companies for approximately 20 years.

He co-founded and is a Senior Managing Director of ACF and AVF II.  In this capacity, he is responsible for performing due diligence, making decisions on portfolio company investments and contributing to corporate development issues.

Additionally, he has served as the President and CEO of the North Carolina Technological Development Authority ("TDA"), which administers programs and projects that foster business formation and incubation, encourage entrepreneurship, increase capital formation, and promote commercialization of technological innovations.  Mr. Ciannamea directed the TDA's venture capital program that provides financing to emerging companies throughout North Carolina.

Prior to joining the TDA, Mr. Ciannamea managed a venture fund for the New York State Science and Technology Foundation.  During his 10 years at the New York State Science and Technology Fund, Mr. Ciannamea was involved in approximately 50 venture capital investments in a variety of technology areas that included energy, semiconductor equipment, biotechnology, pharmaceuticals, robotics, software, advanced materials, electronic instruments, telecommunications, optics, computer hardware, lasers, and electronics.

Mr. Ciannamea received B.S. and M.S. degrees from Rensselaer Polytechnic Institute, and an M.B.A. from Virginia Commonwealth University.  He currently serves on the boards of directors of several early stage companies.