Bob Grady is a Managing Director in Venture Capital at The Carlyle Group, a global private equity firm. Before joining Carlyle in 2000, Mr. Grady was Managing Director and a member of the Management Committee at Robertson Stephens, the San Francisco-based technology investment bank. At Robertson Stephens, Mr. Grady directed the eCommerce Investment Banking Group, and previously had directed the Business Services and Applied Technology Group and the Financial Sponsors Group. Mr. Grady was deeply involved in the sale of Robertson Stephens to Bank America Corporation in 1997 and the subsequent sale of BancAmerica Robertson Stephens to Bank Boston Corporation in 1998.

During the last seven years, Mr. Grady has also served on the faculty of The Stanford Graduate School of Business, where he has taught a course entitled "Strategic Decisions in a Regulated World."

Prior to joining Robertson Stephens, Mr. Grady served in the White House as Deputy Assistant to President George H. W. Bush and as Executive Associate Director of the Office of Management and Budget (OMB). He had previously served as Chief Speechwriter and Senior Advisor for the successful 1988 Bush/Quayle Presidential Campaign, Director of Communications for New Jersey Governor Thomas H. Kean, and Chief of Staff to U.S. Congresswoman Millicent Fenwick.

Mr. Grady is a member of the Board of Directors of BlackBoard, Inc., Cidera, Inc., DevelopOnline Corp., InfoRocket and USBX, Inc.. He serves as a Trustee of Environmental Defense, is Vice Chairman of the Board of Resources for the Future, is a Director of the Technology Network ("TechNet") in Silicon Valley and is a member of the Harvard University Committee on the Environment.

Mr. Grady is a graduate of Harvard College and the Stanford Graduate School of Business.