Progress Partners

Investment Banking

Progress Partners is a boutique investment firm based in Boston and New York City providing financial advisory services to companies in media, marketing, advertising, and software.

Michael Collette

Michael Collette is a highly experienced startup CEO and media technology expert.  Most recently he was the CEO of Cognitive Networks. Mr. Collette joined as employee #4 in 2012, raised two rounds of financing, scaled Cognitive to become the market leading pioneer of automatic content recognition for Smart TVs and built a business licensing high performance, granular TV viewing data. Cognitive was sold to VIZIO in 2015. 

Mr. Collette served as General Manager with VIZIO for 1 year, growing data revenues 10x year over year. Mr. Collette has been working at the innovation seam of media and communications for many years. He has a proven ability to evangelize new media technology.  

Beginning with early work on the digital transition for U.S. cable, Mr. Collette has played a pioneering role in broadband media, interactive television, multiroom DVR, hybrid TV and advanced advertising. He was previously the CEO of uCentric Systems and PhyFlex Networks, and prior to that, SVP of Marketing for OpenTV. As a strategy consultant, he has provided services to more than 50 companies such as Google TV, Cisco Systems, Samsung and Philips as well as long list of startups.

Michael Darviche

Michael Darviche heads Bridge22, a 5 person growth consulting firm in NYC, serving companies and investors in digital/data. He works for Brands, Agencies, Digital, and Platform companies, and for growth Private Equity, and their portfolio cos.

Mike is formerly a venture CEO, group GM, Chief Marketing & Chief Digital, leading Transformation, Product, Partnership, M&A at Acxiom, Marsh, Citi and Amex, specifically leading game-changing digital-data businesses for the CEO and Board.
Deep Domain Knowledge Areas:

  • Multichannel, Digital Media, Audiences, Consumer Engagement, Monitoring, Personalization,
  • Vast on-line, local & off-line Data, User IDs, Analytics, Targeting, Measurement, Privacy, Database Marketing,
  • Retail, Commerce, Mobile, Payments, SaaS Platforms, Adtech, Martech, Fintech
  • Strategies in Business models, Revenue models, Industry players.

Previous Career Roles:

  • Acxiom, Global CMO + chief strategy + M&A (NASDAQ) – Led the board and $1BB data company pivot to digital model
  • Marsh Inc., Global Chief Digital (NASDAQ) – Built a 400 person global digital and transactions platform for Insurance
  • Citigroup, CRO/CMO/BD – Led and launched Citi’s global commercial data business
  • American Express/CZI – GM of Small Business Card acquisition sbu; Led private label leads platform for Merchants;
  • Bigfoot Interactive, GM/founder – Built industry’s first email platform; Acquired by Epsilon

Board/advisory roles: IgnitionOne (DMP), Nexage(Millenial/AOL) (mobile ads), DataXu (DSP), BlueCava (SaaS, online/offline data), Covario (Search), Signal (Data Management), NetworkedInsights (Social DSP), Ansira/KRG PE (Retail Agency), as well as served on multiple children’s education Boards and was a startup contributor to CitiYear.

Mike began his career with Bain & Co, and graduated from Tufts University and Harvard Business School.

Lloyd Mahaffey

C. Lloyd Mahaffey, with more than 35 years of success, is a seasoned Chief Executive Officer, technology market sector executive, Sarbanes-Oxley qualified board director, pilot, sailor, fly fisherman, inventor, fundraiser, and author.

His experiences include key executive roles in the C-Suite, marketing, corporate development, hardware and software development, cloud-based services, business development, operations, and support. Market sector expertise includes Computer Technology, Enterprise Software, Fin-Tech, Mar-Tech, Auto-Tech, Healthcare Tech, Payment Systems, and Cybersecurity. Operating experience and business relationships include North America, the Caribbean, South America, Europe, the Middle East, China, and India.

Mr. Mahaffey has successfully completed more than $1.2 billion USD in public market transactions and more than $430M USD in venture-backed private equity transactions. His career includes a Managing Partner role with Redleaf Ventures, a $300M venture capital firm based in in Silicon Valley, devoting his talents to developing, funding and cultivating early-stage business-to-business technology companies.

Prior to joining Redleaf, Mr. Mahaffey was the senior vice president and chief operating officer at VeriFone, where he was responsible for its consumer and internet initiatives. He also led the team that negotiated the $1.2 billion acquisition of VeriFone by Hewlett Packard. He was also responsible for VeriFone’s investments in CyberCash, WebTV, and, most notably, VeriSign.

Mr. Mahaffey honed his product, marketing and sales acumen as a key executive during the formative years of Apple Computer. While at Apple, he was responsible for the development of Apple’s highly regarded US Education Group and Federal Systems Group business segments worldwide. During his tenure, he grew the company’s Education business unit from $300 million to $1.3 billion.

He currently serves as the Founder and Executive Chairman of Windancer Technologies, based in Silicon Valley, that deploys, upgrades, and optimizes electronic healthcare records software and cybersecurity solutions for US healthcare systems. He is also a Board Director and President of SmartStory Technologies; a global provider of next generation customer engagement solutions.

Mr. Mahaffey recently joined Progress Partners; a boutique investment bank with offices in New York and Boston, as a Venture Partner. An avid commercial-instrument pilot, sailor, fly fisherman and squash player, Mr. Mahaffey is a member of the prestigious St. Francis Yacht Club in San Francisco.  Mr. Mahaffey received a B.A. with Honors from The Citadel and attended Stanford University Graduate School of Business Technology Executive Program.  

Chris Monteleone

Chris Monteleone is a senior executive with a career that spans Technology, Media, Sports and Entertainment.  He has founded two start-up companies, and worked in many capacities inside major companies.  Chris’ hands on experience includes: major live events, film studios, TV networks, digital media, print media, radio media, sponsorship sales, media sales, Major Leagues (NHL, NBA), multi-channel distribution, wireless distribution, ISP’s, consumer electronics, ad tech and Over-the-top distribution. 

As a senior executive, he has held positions at Cablevision, Comcast/NBC, Sony Television, AMC Networks, Madison Square Garden, iHeartMedia and Digital Remedy (a digital media agency).  He was the Co-Founder of Sweigh, Inc., a venture funded web commenting application and data management platform, which he sold to Digital Remedy in 2015.  Chris is also the Managing Partner of Torq Partners, a business strategy firm and accelerator which advises a multitude of companies from start-ups to established businesses, as well as board members and investors. Chris’ specific expertise includes strategic partnerships, product development, ad tech, sales, marketing, business development and business operations. 

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