Scott Albert co-founded The Aurora Funds with Jeff Clark in 1994, after already spending nearly a decade in the venture capital industry. Having also spent time as an entrepreneur, he wanted to create an entrepreneur-friendly venture capital firm that could offer hands on support and guidance in addition to funding. Today, he is a Venture Partner with Aurora and leads the IT investment team.
Prior to forming The Aurora Funds, Scott was the Chief Investment Officer of the North Carolina Technological Development Authority, Inc. ("NCTDA"), a state funded corporation that supports technology based entrepreneurial companies in North Carolina. While there, he led the new venture investment efforts and performed portfolio company monitoring for the NCTDA's extensive statewide portfolio. Prior to serving at the NCTDA, he was at Criterion Venture Partners in Houston, Texas, as a General Partner for a $30 million pool of capital and with Golder, Thoma and Cressey, in Chicago. In addition, he has served as President of a venture-backed start-up company. Before entering the venture capital industry, he was a consultant for Booz, Allen and Hamilton.
During his venture capital career, Scott has helped close more than 40 investment deals including a broad range of Information Technology and Life Sciences companies. Scott currently serves on the board of StrikeIron, Inc. and has oversight on several other Aurora portfolio companies. Scott was previously on the boards of Solution Technology (acquired by Rodel), DataFlux (acquired by SAS), Porivo (acquired by Gomez/Compuware), Unitrends (acquired by Insight Ventures) and led the Aurora investments in Blackboard (NASDAQ: BBBB/acquired by Providence Equity Partners) and Accipiter, Inc. (acquired by CMG).
Scott has a Bachelor of Science in Engineering from Duke University and an MBA from the University of Chicago.