Who Are We?

The traditional investment bank approach is the classic pyramid structure in which senior bankers win business and hand it off to recently minted MBAs for execution. While this can work for financially-valued transactions, it just is not effective with strategic deals. Mid-level and junior team members lack the experience to develop the nuanced positioning and conduct the high-level interactions necessary to complete such a deal. For this reason, our founding partners are deeply involved in each of our projects throughout the engagement, rather than just up until the engagement letter is signed.

Christopher E. Augur,
Managing Director

Prior to co-founding Intelligent Capital in 1998, Chris served as President of SpeedFam Corporation, a semiconductor technology company now part of Novellus. Under his leadership, the firm realized revenue growth from $30 million to $200 million, a successful Nasdaq IPO in 1995, and raised over $300 million for the company. Also, Chris was President of Isola Corporation, the nations' largest manufacturer of PCB substrate materials, where he led a turnaround and sale of the company.

Chris has been a Special Limited Partner in Osprey Ventures, LP in Menlo Park, California and is serving or has served on the boards of SpeedFam Corporation, Isola, Fujimi Corporation, a number of private companies, and the Executive Committee of the Dean's Advisory Council at Arizona State University's Ira A. Fulton School of Engineering. He was a co-founder and Executive Director of the Arizona Angels, a group of 100 accredited angel investors who meet regularly and finance early-stage companies. Chris has been a speaker at software investment conferences, Stanford University, Thunderbird Graduate School of Global Management, SEMI, Sematech, and various community events.

Chris began his career as a software engineer with Motorola's semiconductor products division. He graduated from Stanford University's Graduate School of Business Executive Management Program and holds an MBA as well as a BS in Computer Systems Engineering from Arizona State University.

Richard J. Marshall,
Managing Director

Rick has over 25 years of experience working with technology companies at all stages of development. Prior to co-founding Intelligent Capital in 1998, he served as a Principal in Technology Investment Banking with Needham & Co., working from the company's Sand Hill Road offices from 1993 through 1998. During this time, he led some of Needham's highest profile financing & merger transactions in the software, semiconductor, communications, and design automation industries.

Earlier, Rick served as a later stage equity investor and venture capitalist at Berkeley International Capital, and has also worked in the International Mergers & Acquisitions Department at Sanwa Bank in Tokyo and as an equity analyst at Data Resources, Inc. Rick also has served as Program Director of the MIT Club of Northern California Growing Companies Entrepreneurship Program, which sponsors a range of events aimed at helping current and future technology entrepreneurs to launch and build companies.

Charles Boucher

Charles is Managing Director of Boucher-Lensch Associates LLC, a Sunnyvale, California based advisory firm focused on the semiconductor device, process and materials industries. Recently, he was Managing Director of Semiconductor Research for Bear Stearns, where he established the company's equity research operation in San Francisco and was ranked in the Institutional Investor poll.

Earlier, Charles was the senior semiconductor research analyst at Donaldson, Lufkin and Jenrette, UBS, and Hambrecht & Quist. In these roles he successfully closed numerous corporate finance and M&A transactions with an aggregate value of over $5.5 billion. From 1986 to 1993, he worked in the semiconductor industry for Harris Semiconductor, Integrated Device Technology, and Crosspoint Solutions in various engineering, marketing, and product management roles.

Charles received a degree in materials science from Brown University and a PhD in electronic materials from MIT, with a minor in economics and finance at the Sloan School of Management.

Robert Lensch

Robert, who is also Managing Director of Boucher-Lensch Associates LLC, has lead business development activities for semiconductor companies in Silicon Valley since 1999. At that time he joined Oak Technology which subsequently merged with Zoran to form a leading digital media IC company.

In 2003 Robert joined Genesis Microchip where he planned and executed the company's strategy for entry into the digital TV market. Robert's current activities include advising European semiconductor companies regarding expansion into the U.S. and Asian markets.

Before moving to Silicon Valley, Robert was Business Development Director for the New Materials Business Unit of Dow Chemical's European HQ in Switzerland.

Robert received an MS in Electrical Engineering from the Swiss Federal Institute of Technology in Zurich and an MBA from MIT's Sloan School of Management. Robert is fluent in English, German, French and Spanish.

Mike Hull

Mike, who serves as an advisor to the firm, has a background in international investment banking with firms including UBS and Lehman Brothers. He has been serving as a public law appointee in the current US Administration since 2002. He is active in the small business start-up and acquisition community and advising companies on capital acquisition, business development and emerging technology.

Earlier, Mike was actively involved in structured financial products and became head of a Euro Medium Term Note desk working with over 300 issuers around the world including governments and public and private companies by pricing and structuring numerous derivative linked notes, asset swaps, and conducting arbitrage. In 1998, Mike served as Governor Jane Dee Hull's campaign manager in her successful Arizona gubernatorial campaign.

Mike received a BS in Finance from the University of Arizona and a MBA from The American Graduate School of International Management (Thunderbird).

Copyright 2016. All rights reserved, Intelligent Capital, Inc.
"...our founding partners are deeply involved in each of our projects throughout the engagement, rather
than just up until the engagement letter
is signed."