FedBid’s mission, vision and growth is fueled by innovative, passionate and proven business and thought leaders.
Board Chair, Founder, Chief Executive Officer
A lifelong entrepreneur with a passion for using disruptive technology, service and business model innovations to improve business and market value, Mr. Saadat propels FedBid forward with over 35 successful years in leading and building information technology and Internet industry companies. As FedBid’s CEO, he uses his vision, oversight and leadership to guide the development and implementation of FedBid’s overall business strategy. Under his leadership over the past decade, FedBid has grown to a global community of Sellers actively competing for the business of federal and Fortune 500 Buyers, with $billions worth of goods and services awarded annually. In January 2012, Mr. Saadat led the company in securing a significant investment from Revolution Growth, a venture capital fund created by Steve Case, Ted Leonsis and Donn Davis. Mr. Saadat is also passionate about philanthropy. Working with nonprofit agencies to help them more effectively give children and families the support they need to succeed has been the cornerstone of a wide variety of philanthropic efforts throughout his life. Saadat earned a Master of Science degree in Industrial Engineering from George Washington University. A dedicated husband, father and grandfather, Mr. Saadat firmly believes in making time for all that leads to a happy, healthy and worthwhile life.
Board Vice Chairman
Ted Leonsis, a partner in the Revolution Growth fund, is a nationally renowned entrepreneur, investor and business-builder. Mr. Leonsis has been involved with Revolution Growth since its founding, as an investor in and chairman of Revolution Money and Clearspring. He is the founder, chairman and majority owner of Monumental Sports & Entertainment, which owns the Washington Capitals (NHL), the Washington Wizards (NBA), the Washington Mystics and the Verizon Center and he sits on the board of directors of several leading companies ranging from American Express to Groupon. Mr. Leonsis retired from active management of AOL in 2006, where during the previous 13 years he was an inspirational leader and held a number of senior positions, including vice chairman and president and worked closely with Steve Case for a decade to build AOL into the world’s leading internet company with a market value at its peak in excess of $100 billion. He also founded SnagFilms, the Internet’s leading site for online audiences to find, watch and share documentary films. Early in his career Mr. Leonsis founded several technology-enabled consumer companies, including Redgate Communications, where he is credited for coining the phrase “new media”. He has been named Washington’s Businessman of the Year, a Washingtonian of the Year, one of the 20 most influential people in sports and one of the top 10 entrepreneurs of the year. He blogs daily at TedsTake.com.
Susan L. Bostrom
Susan Bostrom is a top marketing expert and accomplished thought leader, bringing more than 25 years of multifaceted marketing and business leadership experience to FedBid’s board, including that from her recent position as executive vice president (EVP) and chief marketing officer (CMO) of Cisco Systems, Inc where she led Cisco’s strategy and implementation of all branding, advertising, digital and product marketing efforts. During her 13 years with Cisco, Bostrom gained widespread acclaim and respect for creating and evolving the company’s impactful and effective, "Welcome to the Human Network" campaign. She was also responsible for Cisco’s Worldwide Government Affairs organization and Small Business Council. Earlier in her Cisco career, Bostrom was recognized for building the Internet Business Solutions Group (IBSG), a proprietary consulting organization that advised Fortune 500 CEOs and global government leaders on the use and business value of Internet applications. Prior Cisco, Bostrom held leadership positions with FTP Software, National Semiconductor and McKinsey & Company. Bostrom currently serves on the board of directors for Varian Medical Systems, Cadence Design Systems and Marketo, Inc. Her nonprofit board service includes Stanford Hospital and Clinics and Georgetown University. She also serves on the advisory board of the Stanford Institute for Economic Policy Research (SIEPR) and the Stanford Graduate School of Business Advisory Council. Bostrom holds an MBA degree from the Stanford Graduate School of Business and BS degree in marketing from the University of Illinois.
General George W. Casey Jr.
General George W. Casey Jr. is one of the most accomplished soldiers in U.S. history and an authority on strategic leadership. General Casey is currently a member of the board of trustees of Ride2Recovery, an organization that uses cycling as a means of assisting the recovery of our wounded servicemen and women; a member of the board of directors of Thanks U.S.A, a organization that provides scholarships to the children and spouses of our servicemen and women; and he is the chairman of the military advisory board of Viridis Learning, an educational software company that is working to increase employment opportunities for our veterans. He is also a member of the board of governors of Colt Defense, a leading designer, developer and manufacturer of small arms and weapons systems. As the 36th Chief of Staff of the U.S. Army from April 2007 to 2011, General Casey is widely credited with restoring balance to the war-weary U.S. Army, transforming and modernizing its operations and capabilities. Prior to this, from July 2004 to February 2007, he commanded the Multi-National Force – Iraq, a coalition of more than 30 countries. On the home front, General Casey has been a stalwart advocate for military families, expanding programs for the wounded, addressing the tough issues of substance abuse and suicide, reducing the stigma of combat stress and trauma and providing long term support for survivors of the fallen. The son of George William Casey, the decorated Major General who commanded the 1st Cavalry Division during the Vietnam War and himself a father of a son who served, General George W. Casey Jr. has enjoyed a long career of exemplary service as an American soldier. He was commissioned a second lieutenant of Infantry from Georgetown University School of Foreign Service in 1970. Throughout his career, he served in operational assignments in Germany, Italy, Egypt, Bosnia, Iraq and the United States. He has extensive command experience. General Casey holds a Master’s degree in International Relations from Denver University and has served as a Senior Fellow at the Atlantic Council of the United States.
Kim D. Cooke
Kim D. Cooke is a game-changing business beacon, financial strategist, investor and legal advisor. He founded Blue Water Capital, L.L.C., a private venture capital firm, in 1995 and today serves as its chairman and managing director. Blue Water Capital raised and managed close to $100 million in capital for investment in the technology sector. Mr. Cooke has served as a member of the board of directors of EasyLink Services, Intl., since December 2000 and was appointed the company’s lead director in November 2003 and as chairman of the board in September 2005. Trained as a transactional lawyer, he has extensive business and legal experience working with credit, financial services and technology companies in the United States, AMEA and Latin America. Mr. Cooke has served on numerous corporate boards in his capacity at Blue Water Capital. In addition to serving on FedBid’s board, he serves on the boards for EasyLink Services, Intl., Company.com, Access Point Communications, Inc., Renaps Technology, Inc. and Keel Point, LLC. His not for profit activities include service on the board of Family Life, The Northville Educational Foundation, as president of the Northville High School Men’s Lacrosse and Living Hope International. Mr. Cooke received his JD from the Detroit College of Law at Michigan State University and his LLM from the American University Washington College of Law, with highest honors.
Scott Hilleboe is a member of the investment team at Revolution Growth, which invests in game-changing consumer technology businesses that disrupt multibillion dollar industries. Mr. Hilleboe brings over 15 years of experience in operations, venture capital investing and business development in the media, consumer, software and enabling technology sectors to his role as a key advisor in building FedBid’s momentum. Prior to joining Revolution Growth, Mr. Hilleboe was a managing director with Steamboat Ventures, where led an impressive stream of investments including Fastclick (IPO and then acquired by ValueClick), Greystripe (acquired by ValueClick), Kyte (acquired by KIT Digital), MerchantCircle (acquired by Reply.com), MediaBank (merged to become MediaOcean), Move Networks (acquired by EchoStar), PopularMedia (acquired by StrongMail) and Quigo (acquired by AOL). These successes were built on earlier ones gained as an investment professional with Hummer Winblad Venture Partners, where he co-lead investments in Jareva Technologies (acquired by Symantec), Yosemite Technologies (acquired by Barracuda Networks), Cenzicand Voltage Security. Previously, Mr. Hilleboe worked at industry leading enterprises IBM, LaSalle Partners and Synopsys, as well as a number of early stage technology companies. Mr. Hilleboe currently serves on the board of directors of EdgeCast Networks and Elemental Technologies. He holds an MBA from Harvard Business School and a BS in Mechanical Engineering, from the University of Washington, where he graduated Phi Beta Kappa and magna cum laude.
Lance L. Weaver
Lance Weaver retired from Bank of America at the end of 2008 after eighteen years with the Bank and part of the team that took MBNA public. Mr. Weaver served as an Executive Vice Chairman and Chief Administrative Officer of MBNA. He had oversight responsibilities for corporate affairs, law, government relations, real estate, facility management, personnel, security, compensation and benefits, career development, investor relations, media relations and planning. He was President of the MBNA Education Foundation and managed all the bank’s community relations activities.
During his time with Bank of America, Mr. Weaver had responsibility for the bank’s international credit card business and North American credit card business. He currently serves as President of Virgin Money Cards and as an advisor to leading companies such as VISA, Citigroup, TSYS, Magnises Card, West Monroe Partners, Allied Properties, Broad Valley Broadband and Apollo Capital where he is a Board Member of Avant Card—Apollo’s European credit card business. Before becoming part of Bank of America's management team, he held positions in the banking industry at both Wells Fargo Bank and Citigroup. Because of his extensive background in the world of banking, Mr. Weaver was asked to teach a course in Business Ethics in the Honor’s Program at the University of Delaware.
A graduate of Georgetown University, Mr. Weaver is a past member of the Georgetown University Board of Directors and Board of Trustees and past Board Chair of MasterCard.