Add Time or Add Value?
Don’t choose. Do both. Meet Lux’s new COO Steve Brody
Whether you run a tech startup or an investment fund like Lux the two scarcest things you have are time and cash. You can never have enough.
If you ride the NYC subway with a MetroCard you make this choice all the time:
Why choose one when you can do both? That’s why as Lux grows we are excited to announce an important new role and a new hire.
Welcome Steve Brody as Lux’s Chief Operating Officer (COO), based in our NYC office but working closely across the entire firm and all our portfolio companies.
He joins Lux after nearly a decade at the $29B private investment firm Cerberus Capital Management, where he was most recently Senior Operating Executive and Global Head of the Operating Initiatives Group. While there, he advised portfolio companies on oversight, strategic planning, turnarounds, process management and financial modeling.
At Lux, Steve will be involved in all facets of Lux’s internal operations, investment processes, portfolio company best practices, and new experiments we may try. We follow the same advice we give our portfolio companies: allocate cash and time as wisely as possible. Many of our founders are already working with him to find ways to improve their ventures, save money, and expand their network.
We spent a long time meeting a wide range of candidates and Steve really stood out to us.
On top of his operational rigor and technical skills, he fits right in with Lux’s culture: obsessed with technology, tinkering and hacking just as we are, passionate about our founders and helping their ambitions come true. He even built his own full helicopter flight simulator in his home and designs and builds drones using parametric modeling and 3D printing.
We can’t wait to share stories of how Steve has helped Lux and all the portfolio company teams and founders we partner with to add value and that scarcest resource of all, time!