Managing Director, Tennessee Community Ventures Fund
Eric Satz is the Managing Director of Tennessee Community Ventures Fund, a venture capital investment firm located in Nashville. TNCV focuses on technology transfer, seed and early stage investment opportunities across industry sectors, paying particular attention to leading-edge technology-enabled products and services that will ultimately improve or transform their industries.
Eric began his career as a financial analyst with DLJ before moving to UBS’s Restructuring and Workout group. At UBS, he worked as both principal and advisor in out-of-court restructurings, pre-packaged bankruptcies and Chapter 11 proceedings for companies across many industries, including: insurance, real estate, retailing, manufacturing, and construction and engineering. Subsequent to UBS he returned to DLJ (later CSFB) to help lead their start-up Internet Investment Banking effort. His clients included E-Loan, NextCard, MarketWatch, Overture (Goto.com) and GetThere.com. In 1999, Eric conceived and co-founded Currenex, the leading online global foreign currency exchange that links institutional buyers and sellers worldwide. Currenex was sold to State Street in early 2007, returning more than ten-times the invested capital. In 2003, Eric conceived and co-founded Plumgood Food, an online grocery and home delivery business serving the greater Nashville MSA. Eric attracted, acquired and grew the customer base to more than 9,000 users, generating more than 1,000 weekly orders and annual revenues in excess of $3 million.
Eric received his B.A. in Economics from Amherst College in 1991.