L. Steven Nelson
L. Steven Nelson recently concluded his four-year term as the Chairman of the Board of Trustees of BlueCross BlueShield of North Carolina (BCBSNC), the Tar Heel State's largest health insurer. Mr. Nelson currently serves as Chairman of the Executive Committee of BCBSNC.
Mr. Nelson’s business career began with a 14-year tenure at IBM (NYSE: IBM) in Chicago, IL, White Plains, NY and San Francisco, CA where he served in executive positions as Director of Marketing, Vice President of Software and ultimately as Vice President and General Manager in San Francisco, where he had executive responsibility for 800 employees, the eleven western states in the U.S., and a P&L with over $2B in annual revenues and several hundred million dollars in profit.
Mr. Nelson served as Managing Partner at Wakefield Group for 14 years. He established and ran the venture capital firm’s Research Triangle Park office in North Carolina. Mr. Nelson led investments in, and served as a member of the board of directors at Constella (sold to SRA), APEX Analytix (sold to PNC Financial Services Group, NYSE: PNC), RxMedic (sold to QS/1), Appia (sold to Digital Turbine) and Motricity (NASDAQ: MOTR). Mr. Nelson also served as a member of the board of directors at Liquidia, where he was chosen by the board of directors to serve as Interim Chief Executive Officer for 18 months.
Before joining the Wakefield Group, Mr. Nelson was employee number seven at Quokka Sports, a venture capital-backed, digital sports media company. Quokka raised over $140 million and successfully completed an IPO. Mr. Nelson served as the San Francisco-based General Manager (and its chief executive) of a JV company between NBC Sports and Quokka Sports, NBC/Quokka Ventures, where legendary NBC Sports Chairman and Chief Executive Officer Dick Ebersol served as Chairman of the Board. In this role, Mr. Nelson and a team of 200, created, developed, and produced two official sites for the International Olympic Committee and the 2000 Olympic Games, (www.olympic.org and www.nbcolympics.com).
Prior to Quokka, Mr. Nelson worked in Silicon Valley as Vice President of the Americas for Informix Software, a leading relational data base and data management tools company in Menlo Park, CA.
Mr. Nelson serves as a member of the board of directors of IPG Inc., the nation’s leader in Surgical Cost Management solutions in the healthcare industry. He also serves as the Chairman of the Board and Founding Chief Executive Officer of Carbon, Inc., a global pioneer in additive manufacturing and 3-D printing. Additionally, Mr. Nelson serves as the lead member of the board of directors, and lead institutional investor, in Sift, a Jud Bowman-led technology company at the intersection of mobile and big data.
Previously, Mr. Nelson served as a member of the board of directors of SciQuest (NASDAQ: SQI), a cloud-based spend management solution provider acquired recently by Accel-KKR for $509M.
Mr. Nelson has served as a member of the Board of Trustees of Wake Forest University, the Board of Visitors at Duke University's Fuqua School of Business and Foundation Board Chair at the North Carolina School of Science and Mathematics (NCSSM), where he was recently named a founding member of the Board of Visitors.
Mr. Nelson received his Bachelor of Science (B.S.) degree in Business from Wake Forest University.
Mr. Nelson and his wife, Susan, reside in Chapel Hill, NC, and they are now excited about their "next phase of life" as empty nesters and most proud of their two daughters, Kerry and Brenna.