Meet the team
Management team
VALERY VAVILOV VALERY VAVILOV Founder and CEO
Seasoned entrepreneur with an eye for market opportunity and over 15 years of experience in information technology and business management. Proven track record in building successful companies and high-performing teams. Original founding member of BitFury. Assumed the role of BitFury CEO in 2011. Prior to that, held numerous technology and business leadership positions at 212.ua, Advideo.ua, Allroll and Uzdevumi. MS Riga Transport & Telecommunication University

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VALERY NEBESNY VALERY NEBESNY Founder and CTO
20 years IT and computer science experience. Original founding member of BitFury. Self-taught chip designer and software developer. Three previous successful chip designs

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VARUN GUPTA VARUN GUPTA Chief Legal & Compliance Officer
20 years of experience in international capital markets transactions, cross border mergers, acquisitions and joint ventures. Formerly partner at Akin Gump and Latham & Watkins. Georgetown University J.D.

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JAMIE ELIZABETH SMITH JAMIE ELIZABETH SMITH Global Chief Communications Officer
Smith brings nearly two decades of strategic communications experience to BitFury. Smith has previously served as Executive Vice President overseeing multi-channel media for Edelman Public Relations, Special Assistant to the President, Presidential Spokesperson, and Deputy White House Press Secretary, Director of Public Affairs for the Office of the Director of National Intelligence (ODNI), Communications Director for the Senate Commerce, Science and Transportation Committee and its then Chairman, U.S. Senator John D. (Jay) Rockefeller IV’s, Traveling Press Director and Spokesperson for Secretary Hillary Clinton’s 2008 President Campaign, Communications Director for Secretary Madeleine K. Albright and The Albright Group, LLC, and Legislative Aide to Congresswoman Nita M. Lowey.

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NIKO PUNIN NIKO PUNIN Head of Product Development
17 years of experience as an entrepreneur and designer with in the IT sector. Co-founded Taika Technologies, one of the first social Internet companies. Also worked at Mindworks, Sauma technologies, Cognitive Maps

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AKAKI PAITCHADZE AKAKI PAITCHADZE Head of Data Center Construction
17 years of experience in construction and engineering. Owner of ICES – largest construction company in Republic of Georgia (built US Embassy). M.A. with honors Applied Mathematics and Computer Sciences and PhD in Psychological Anthropology from Tbilisi State University

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BONNIE TOMEI BONNIE TOMEI Corporate Controller
15 years of controllership experience for public and private companies such as Tessera and Shutterfly, in charge of SEC reporting, international accounting operations, internal control, M&A and systems. Certified Public Accountant from the state of California. BA in Accounting and Finance from SFSU.

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STEVEN ELISCU STEVEN ELISCU Sr. Director of Finance, Investor Relations
15 years of experience in Equity Research as a Semiconductor Analyst at UBS and as a senior marketing and business development professional prior to that. MBA from the University of Chicago, Booth School of Business. BS from Rensselaer Polytechnic Institute

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JANNA STEPANOVA JANNA STEPANOVA Head of Global PR
Seasoned PR professional with an extensive international communications experience having worked in Germany, Russia, and the United States. Winner of the prestigious Edmund S. Muskie and SF Public Relations Round Table scholarships. American National Honor Society for Journalism and Mass Communications recognition. Managed PR campaigns and strategies on behalf of global corporations as well as aspiring startups in the technology and financial sectors. Clients included Microsoft, Hitachi GST, Adobe, MasterCard and ICICI Bank. MA in Mass Communications and Public Relations from SJSU.

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DAAN MCGRATH DAAN MCGRATH Director Supply Chain Management
12 years of global logistics experience and supply chain management in Telecommunications and Marine industry; six years in high-end consumer electronics. Previously worked for Maersk and Vodafone as well as Liberty Global, the world’s largest cable operator. Degree in Marine Engineering

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ALEX YASTREMSKI ALEX YASTREMSKI General Counsel
15 years of legal experience in international investment, finance and corporate law. Formerly an associate at Bingham McCutchen. J.D. from the American University in Washington D.C. and a B.A. from Bucknell University.

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MARC TAVERNER MARC TAVERNER Head of Sales
18 years of experience working with market leading, global technology companies. Founder of a successful modem distribution company. Held sales leadership roles with the world's largest provider of unified communications services and market leaders in educational technology solutions. BA Hons in European Business Studies from Brunel University, UK and Ecole supérieure de Commerce de Clermont-Ferrand, France

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Board of directors
VALERY VAVILOV VALERY VAVILOV Co-founder and CEO
Seasoned entrepreneur with an eye for market opportunity and over 15 years of experience in information technology and business management. Proven track record in building successful companies and high-performing teams. Original founding member of BitFury. Assumed the role of BitFury CEO in 2011. Prior to that, held numerous technology and business leadership positions at 212.ua, Advideo.ua, Allroll and Uzdevumi. MS Riga Transport & Telecommunication University

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GEORGE KIKVADZE GEORGE KIKVADZE Vice-Chairman of the Board
George is the Vice Chairman of The BitFury Group, the world's leading Blockchain infrastructure provider and transaction processing company. He is also a member of the Advisory Committee of GCF, a $6 billion private equity partnership. George has worked for York Capital Management, AFK Sistema and Morgan Stanley. He obtained his MBA at Wharton School, University of Pennsylvania, and his MA at Johns Hopkins School of Advanced International Studies. George is a member of Europe One YPO Club.

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BOB DYKES BOB DYKES Head of Audit & Budget Committee
35 years of experience in semiconductors and payments processing industry. Founder & President of Tanjarine. Previously CFO of VeriFone, Juniper Networks and Symantec. President of Flextronics Systems. BCA Victoria, University of Wellington.

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BILL TAI BILL TAI Head Of Strategy Committee
25 years of experience in venture capital investing and semiconductors. Established Silicon Valley office of Charles River Ventures. Chairman of Maxthon, Treasure Data. Board Director of Lulu, Voxer, Glyde, Posse. Investor in TweetDeck/Twitter, Scribd, Tango, Glyde, Zoom.us and many others. Harvard MBA; University Illinois BSEE with Honors

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Advisory board
Dr. Tomicah Tillemann Dr. Tomicah Tillemann Board Advisor
Dr. Tomicah Tillemann serves as Director of the Bretton Woods II initiative at New America. He and his team work with large, long-term asset holders to reduce exposure to risk and volatility through strategic investments in social impact and development. He previously served as the Secretary of State's Senior Advisor for Civil Society and Emerging Democracies, speechwriter to Secretary Clinton, and an advisor to Joe Biden and John Kerry on the Senate Foreign Relations Committee. Other experience includes work with the White House, World Bank, Reuters New Media, and five U.S. Senate and Congressional campaigns. Dr. Tillemann is a co-holder of four patents and numerous awards for innovation. He received his B.A. magna cum laude from Yale University and Ph.D. from Johns Hopkins SAIS. Has testified repeatedly before Congress and is a frequent guest on BBC, NPR, and other news outlets.

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DR. JACKSON HU DR. JACKSON HU Board Advisor
35-year semiconductor industry veteran. Currently a Venture Partner for Wi Harper, an international VC firm, with headquarters located in San Francisco. Former Chairman/CEO of UMC, world’s second largest semiconductor foundry; CEO at SiRF; IC Ensemble, S3 and Verticom. Ph.D. and MS in CS from University of Illinois; MBA from Santa Clara University

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Dr. James E. Newsome Dr. James E. Newsome Board Advisor
Dr. Newsome is a Founding Partner of Delta Strategy Group. Prior to that Dr. Newsome was nominated by President Clinton and confirmed by the Senate to be a Commissioner and later Chairman of the CFTC. As Chairman of the CFTC, he guided the regulation of the nation’s futures markets. Dr. Newsome served as one of four members of the President’s Working Group for Financial Markets, along with the Secretary of the Treasury and the Chairmen of the Federal Reserve and the SEC. In 2004, Dr. Newsome left federal service to assume the role of Chief Executive Officer of the New York Mercantile Exchange (NYMEX). As head of NYMEX, Jim Newsome managed daily operations of the largest physical derivatives exchange in the world.

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Hernando De Soto Hernando De Soto Board Advisor
Hernando De Soto is a renown global thought leader and President of Institute for Liberty and Democracy, identified by the Economist magazine as one of the top two think tanks in the world. Time magazine chose de Soto as one of the five leading Latin American innovators of the century. Forbes magazine highlighted him as one of 15 innovators “who will re-invent your future.” Hernando de Soto has truly revolutionized our understanding of the causes of wealth and poverty and asked the hard questions recognize the property rights that function within the communities of the poor. Through his books " The Other Path" and "The Mystery of Capital" he provided both new understanding and new hope for transforming poverty into wealth.

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Jeff Garzik Jeff Garzik Board Advisor
Jeff Garzik is a software engineer, futurist and entrepreneur. After helping to inaugurate CNN.com on the Internet in the early 1990s, Jeff worked at a succession of Internet startups, working on open source software engineering projects for over two decades. Involvement in one of the best known open source projects, the Linux kernel, led to an extended tenure at Linux leader Red Hat, during open source's most formative years. In July 2010, while reading slashdot.org, Jeff stumbled across a post describing bitcoin. Immediately recognizing the potential of a concept previously thought impossible -- decentralized digital money -- Jeff did what came naturally: developed bitcoin open source software, and started micro-businesses with bitcoin at their foundation. Jeff found himself in the middle of the global, disruptive, amazing hurricane of a technological phenomenon known as bitcoin. Today, Jeff is the founder of Dunvegan Space Systems and also a bitcoin core developer and open source evangelist at BitPay. He serves on the board of Coin Center

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YOUNG K. SOHN YOUNG K. SOHN Board Advisor
President and chief strategy officer at Samsung Electronics. 30-year semiconductor and manufacturing industry veteran. Board member at several public companies. Board director at Cadence Designs Systems. Formerly CEO and president of four Silicon Valley public companies: Quantum, Oak Technologies, Agilent Semiconductors and Inphi. Was instrumental in starting Intel’s highly successful PC chipset business. MIT Sloan MBA and University of Pennsylvania BSEE

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JASON WEINSTEIN JASON WEINSTEIN Board Advisor
Partner at Steptoe & Johnson. Former deputy assistant attorney general in the Criminal Division of the Dept of Justice supervising Computer Crime, Intellectual Property and Organized Crime and Gang Sections. Former federal prosecutor. George Washington School of Law JD with Honors, Princeton AB

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JONATHAN TEO JONATHAN TEO Board Advisor
Founder of Binary Capital. Previously MD at General Catalyst; Principal at Benchmark. Notable investments in Twitter, Snapchat, Instagram and Whisper. Responsible for Google’s International R&D. MS from Stanford University; BSEE from University of Sydney

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