Peter Solvik

Peter Solvik is an American venture capitalist in technology companies. He was formerly a chief information officer at Cisco Systems, Inc.[1]

Education

Solvik got his undergraduate degree in 1980 from the University of Illinois Urbana-Champaign, the school's first graduate with a dual degree in business and computer science.[2]

Career

Information technology

After graduating, Solvik joined Texas Instruments, and moved to Apple as the personal computing sector took off, where he ran its AppleLink group.[2][3] After 11 years at Apple, he served as Senior Vice President and CIO of Cisco Systems, Inc. from 1993 until 2002.[4][5][6][7] While at Cisco, Solvik was an executive sponsor of internal initiatives such as the creation of Status Agent, which allowed customers to track the status of their own orders online.[8] He was instrumental in Cisco's acquisition of over 100 companies,[4] including Calico Technology.[8]

In August 2000, BusinessWeek recognized Solvik as a "standout" CIO for his leadership of Cisco's e-sales and supply chain management initiatives, which had resulted in a reduction of $1.5 billion in costs by using Internet technologies across a wide range of areas, including human resources and manufacturing.[9] In December 2000, Network World named him one of its "25 most powerful people in networking".[10] That same year, B to B magazine named him one of its "Top 25 E-Champions".[11]

Venture capital

Solvik is co-founder and Managing Director of Jackson Square Ventures (fka Sigma West), a venture capital firm focused on B2B SaaS and Marketplaces.[12] Previously, he was a Managing Director at Sigma Partners, which he joined in 2002. Prior to Sigma, he also served on the Board of Directors of myCFO.

Solvik's successful investments include DocuSign; his fund's $17.5 million investment in that company was valued at $687 million when the company when public in 2018.[1]

References
  1. "DocuSign's biggest backer turned $17.5 million into $687 million". Los Angeles Times. Bloomberg. April 27, 2018. Retrieved March 5, 2023.
  2. Goff, Leslie (May 8, 2000). "Many Paths". Computerworld. IDG Enterprise.
  3. Cone, Edward (5 November 2005). Ex-CIO Spends Venture Capital on More Than Just Tech, CIO Insight
  4. Haggin, Patience (27 March 2017). Jackson Square’s Pete Solvik on M&A and Big-Company Disruption, The Wall Street Journal
  5. Matson, Eric (28 February 1997). Two Billion Reasons Cisco's Sold on the Net, Fast Company
  6. Wilder, Clinton, and Angus, Jeff (July 21, 1997). Pace of Change: Faster Than The Speed of Data, Information Week
  7. Burke, Stephen (29 December 1999). An Interview With Peter Slovik - Cisco, CRN
  8. Tully, Shawn (August 17, 1988). "How Cisco Mastered the Net". Fortune. Retrieved March 5, 2023 – via EBSCOHost.
  9. Reinhardt, Andy (August 28, 2000). "From Gearhead to Grand High Pooh-Bah". BusinessWeek. pp. 129–130. Retrieved March 5, 2023 – via EBSCOHost.
  10. Born, Julie and Jim Duffy. (December 25, 2000). 25 most powerful people in networking. Archived 2008-03-17 at the Wayback Machine networkworld.com Retrieved 01-Mar-08.
  11. "Top 25 E-Champions: Peter Solvik." B to B (March 27, 2000). Abstract.
  12. Digital Fuel board profile

Further reading
  • 2001 article at CIO Magazine incorporating a Solvik interview
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