James B. McElwee currently operates as an independent venture capitalist in Northern California with more than 30 years of experience in institutional venture capital and private equity.
Mr. McElwee joined Weston Presidio as its third General Partner in 1992 serving until 2010. He was reponsible for Weston Presidio's private investments in Digital Theater Systems (NASDAQ: DTSI), RedEnvelope (NASDAQ: REDE), Vitria Technology (NASDAQ: VITR), Wild Oats Markets (NASDAQ: OATS), IC Works (acquired by Cypress Semiconductor), and Sassaby (Jane) (acquired by Estee Lauder). Mr. McElwee opened the firm's Menlo Park Office in 2000. Prior to Weston Presidio, Mr. McElwee was Senior Vice President of the Security Pacific Venture Capital Group and the founding Managing Director of its Menlo Park office. During his 13 years with the Security Pacific Venture Capital Group, Mr. McElwee was responsible for early investments in Costco, Universal Health Services, Cypress Semiconductor, Aspect Telecommunications, Xilinx, MIPS Computer Systems, Harmonic, Microchip, Vitesse and many others. Prior to entering the venture capital industry in 1979, Mr. McElwee was a Senior Consultant with Accenture working on a variety of clients in the retailing, healthcare and technology industries.
In addition to Avinger, Mr. McElwee currently serves on the Board of Directors of Silego Technology, a semiconductor company headquartered in Santa Clara. He also serves on the Board of Trustees of SFJAZZ, the non-profit organization responsible for the San Francisco Jazz Festival. Mr. McElwee earned his B.A. from Claremont McKenna College where he serves on the Board of Trustees and is Chairman of the Financial Economics Institute.
He earned his M.B.A. from the Wharton Graduate School of Business where he serves on the Wharton Entrepreneurial Advisory Board.