is a Stanford Professor and is the world most recognized expert in auction theory. Paul Milgrom, also winner of the Nemmers price in economics, helped create the original US (FCC) spectrum auction design
- the simultaneous multiple round (SMR) auction - which introduced his "activity rule"; activity rules are now a nearly universal feature in dynamic multi-item auctions. Milgrom's singular role in creating the FCC design is celebrated in an account by the US National Science Foundation (America's Investment in the Future
), which identifies this auction design as one of the main practical contributions of 20th century research in micro-economic theory. The same invention and Milgrom's role in creating it was celebrated again by the prestigious National Academy of Sciences (Beyond Discovery
) - which is the main scientific advisor to the US government. The SMR design has been copied and adapted worldwide for auctions of radio spectrum, electricity, natural gas, etc. involving hundreds of billion dollars. Paul is currently xSwan's CEO co-founder in high stakes auction company auctionomics.
is a leading Silicon Valley entrepreneur and innovator. She currently serves as Chairman of ClearStreet, Inc., which helps consumers eliminate debt and achieve financial health by optimizing everyday spending and saving. Prior to ClearStreet, Ms. Polese was CEO of software company SpikeSource Inc. which pioneered the automation of open source software management, accelerating application deployment for developers globally. SpikeSource was acquired by open source software leader Black Duck in November 2010. In 1996, Ms. Polese co-founded Marimba Inc., which developed the first generation of systems management software for the Internet age, automating the management of data centers and computing resources. Ms. Polese served as President, CEO and Chairman of Marimba, leading the company to profitability and a successful public offering and acquisition by BMC Corporation in 2004. Earlier, Ms. Polese worked at Sun Microsystems where she was the founding product manager for Java and led its launch in 1995. Before joining Sun, Ms. Polese worked on expert systems at IntelliCorp Inc., helping Fortune 500 companies apply artificial intelligence to solving complex business challenges. Ms. Polese earned a Bachelor's degree in Biophysics from the University of California, Berkeley and studied Computer Science at the University of Washington, Seattle. She holds an Honorary Doctorate in Business and Economics from California State University. She is an Aspen Institute Crown Fellow and serves on several boards, including TechNet, the Silicon Valley Leadership Group, the University of California President's Board on Science and Innovation, the Long Now Foundation, the Public Policy Insitute of California and the Global Security Institute. Ms. Polese is the recipient of the 2010 National Center for Women and Information Technology Innovator Award. The Obama Administration recently named Ms. Polese to the Commerce Department's Innovation Advisory Board that is guiding a study of American economic competitiveness, culminating with a report to be delivered to Congress in January 2012.
is Managing Partner of Kite Hill Capital, a private venture capital firm . Arch is also a Founder of the Chroma Group, which developed patented software technology for pattern recognition and visualization, and he manages Chroma Group equity interests. One of Chroma's affiliates is applying the technology to find subtle patterns in seismic data that are diagnostic of oil and gas, another is using it to help radiologists screen for colon cancer in CT data (for virtual colonoscopies), and a third is using it to find new indications for existing drugs. Previously, Arch was Founder & CEO of TeleTix, which developed the first networked, self-serve kiosks in cooperation with Hewlett-Packard. He is a graduate of Stanford University and the Stanford Graduate School of Business.