The Co-Founder and Managing Director of Meakem Becker Venture Capital, Glen Meakem has earned a national reputation as a new economy leader and innovator. His success as a technology entrepreneur, business leader and venture capitalist, has been accompanied by a strict code of personal and professional ethics, and an ability to build strong teams of like minded individuals.
At Meakem Becker, Glen has made early stage venture investments into a number of companies, including: BeatBox Technologies (sold to Mercury Interactive), SEEC (sold to Polaris), 3Form (sold to Hunter Douglas), and College Prowler. Glen currently actively advises and sits on the boards of Hotpads, Schoology, Shipwire, and College Prowler.
Glen’s entry into the venture capital industry was preceded by a widely chronicled role as Founder, Chairman and Chief Executive Officer of FreeMarkets, Inc., which was the leading provider of internet deployed software and services for automating the sourcing processes of Global 1000 companies. Glen founded the company in 1995 and he and his team took it public in late 1999 in a record setting IPO. After growing the company to over 1,000 employees and close to $200 million in revenue, Glen and his team sold FreeMarkets to Ariba, Inc. (NASDAQ: ARBA) in 2004 for approximately $500 million. He was also awarded eight U.S. patents for his pioneering work on e-commerce methods and inventions while at FreeMarkets.
Early in his career, Glen was a Manager in General Electric’s Corporate Business Development Group and an Associate with McKinsey & Company, a management consulting firm to Global 1000 companies. In the late 1980s, Glen began his career in business holding a range of consumer marketing and product management positions for Kraft-General Foods. After college, Glen served as a combat engineer officer in the United States Army Reserve. In 1990-91, he took a leave of absence from Harvard Business School, volunteered for active duty, and served as a platoon leader in the Persian Gulf War.
Glen graduated A.B. cum laude from Harvard University in 1986, and later earned his M.B.A. from Harvard Business School in 1992 — after returning from the Persian Gulf War.
As a leader in Pittsburgh and more broadly in Pennsylvania, Glen currently serves on the Boards of Highmark Blue Cross Blue Shield, The Commonwealth Foundation, and the Extra Mile Education Foundation – a Pittsburgh based organization that operates private schools for inner city children. He has served on the boards of these three organizations for over five years. He previously served as a Trustee of the Urban League of Pittsburgh, and Carnegie Mellon University, and is a former Chairman of the Board of the Historical Society of Western Pennsylvania – Heinz History Center.
Glen has won numerous awards including the Anti-Defamation League’s National American Heritage Award, Ernst & Young’s Entrepreneur of the Year Award for Western Pennsylvania, and Syracuse University’s Salzberg Medallion for Exceptional Business Achievement. Glen has also been awarded an honorary Ph.D. in Business Administration by Robert Morris University.
Glen is also a radio personality, having launched his radio program, “Glen Meakem on the Weekend,