We distinguish ourselves by having a team with a wide range of expertise. We are successful investors, technically savvy, and possess extensive operating experience in marketing and sales. Importantly, we are also entrepreneurs just like you.

The team has a long history of working together. Cumulatively, we have known each other and worked together for decades.

    Ed Olkkola

    Managing Director

    Ed’s career has spanned a wide range of executive-level positions in marketing, finance, information technology, strategy, product and corporate development, and professional investing. Previously, Ed was Senior Vice President, New Products and Business Development for A. H. Belo Corporation where he focused on strategic investments in media and technology companies. Ed was a General Partner at Austin Ventures where he focused on communications systems/software and semiconductor investments. His investment exits include Agere Systems, Sychip, Santera Systems, Navini Networks, NexGen, Ramp Networks and Raptor.

    At Compaq, Ed held the position of Vice President and General Manager of the communications products division and co-founded the Compaq Venture Fund. Earlier in his career, he held a variety of engineering, marketing, strategy, and finance roles at Motorola Information Systems Group. Over his career, he brought over a dozen new products to market and acquired several companies totaling over $750 million.

    Ed received his undergraduate degree from the University of Massachusetts, holds an MBA from Northeastern University and completed the Compaq executive leadership program at Harvard University.


        Jonathan K. Hustis

        Managing Director–Corporate Development

        Jon Hustis has a legal and executive career extending across national and global technology businesses. His experience includes a diverse range of enterprises, from start-ups seeking seed capital to multi-national Fortune 500 enterprises such as Texas Instruments and Oracle Corporation. Prior to joining Teakwood, Jon was a law partner with the Dallas offices of the national firm of Culhane Meadows PLLC, and the Texas law firm of Phillips & Reiter PLLC. Jon was also general counsel at global technology businesses GENBAND and MetaSolv Software, Inc. (NASDAQ: MSLV). He served MetaSolv Software for over ten years, from startup days through its IPO in 1999, and then on through its sale in 2007 to Oracle Corporation. Before that, he worked in legal, business and finance positions at Texas Instruments and FoxMeyer Drug Company. Jon founded a general law practice that served clients in Dallas for seven years immediately following his graduation from law school.

        Jon holds an undergraduate degree in liberal arts from St. John’s College in Annapolis, Maryland, and a law degree from Southern Methodist University in Dallas, Texas. He is a member of the Vickery Meadow Youth Development Foundation’s board of directors, and has been active in various local organizations relating to law, technology and business. He lives in Dallas.


            Laura Kusching

            VP Finance–Fund Operations

            Laura has twenty-five years of experience running the operations of middle market companies, including all accounting, human resources, customer service, general operations, and finance functions. Laura has experience in several different disciplines, including various service industries, import/export and property management. She handles all of the accounting and operations for Teakwood along with contributing to due diligence and portfolio-company support efforts.

            Laura received her AA degree from College of Central Florida.


                Dave Ellett

                Executive Partner

                Dave Ellett brings more than 30 years of executive experience guiding online organizations through various stages – from start up to restart scenarios. He currently serves as chief executive officer for RemitDATA where he is responsible for the vision, strategy and day-to-day operations of the company.

                Ellett has held senior positions at several internet-focused businesses. Prior to his role with RemitDATA, he served as president and general manager of Belo Interactive Media. Prior to Belo, Dave served as CEO and chairman of Powered, an industry leader in building social media websites for major brands and publishers. Before joining Powered, Ellett served as CEO at Docent Inc., a leader in enterprise e-learning and business performance management, taking the company from the “A” round of funding through a successful IPO.

                Ellett’s experience also includes tenures at large IT companies, such as serving as the corporate vice president of worldwide education for Oracle, and COO for Business Objects. In addition, Ellett spent 13 years with EDS in a number of key management roles, including president of the performance services group.

                Ellett holds a Bachelor of Science degree from Southern Methodist University in Dallas. He is married and has three daughters and a son.


                    Ed H. Bowman

                    Executive Partner

                    Ed currently serves as Chairman and CEO of TRNT Holdings, LLC and possesses a broad business background in a variety of industries with a global perspective. He has served as CEO in both public and private company environments (while with a leading private equity firm), and has raised more than $1.6 billion in seven debt and equity transactions, and has extensive experience in acquisitions. He has relevant corporate governance experience with special interest in Enterprise Risk Management and the role technology plays.

                    Ed’s past positions include serving as CEO, president and director of SourceHOV, one of the largest business process outsourcing companies. Prior to this, he held leadership roles at First Data Corporation, HBOC & Co., Insurance Systems of America and Andersen Consulting. He currently sits on the board of Eagle Materials, Inc., a leading U.S. manufacturer and distributor of building materials.

                    A recipient of the 2010 EY Entrepreneur of the Year® award for the southwest region, Ed received his Bachelor of Science in Business Administration with honors from Georgia State University, as well as a Master of Science degree from the Georgia Institute of Technology.


                        Dave Panos

                        Executive Partner

                        Dave is technology industry veteran with 30 years of experience helping define new markets across a wide range of Internet and enterprise software sectors. He has been a senior executive leader during all stages of a company’s lifecycle – from initial founding thru IPO. He has deep experience with critical company transitions including building high performing teams, managing through growth, fund raising, acquisitions and strategic exits.

                        Currently, Dave serves as chairman of the board of Rightside (Nasdaq:NAME) and as a board director for iPass (Nasdaq:IPAS). Previously, he was the co-founder and CEO of social media tools pioneer Pluck, before its successful sale to Demand Media. Dave served in several executive leadership roles at Demand Media and was the company’s Chief Marketing Officer during its IPO. He co-founded or held senior executive roles in a number of other innovative start-ups and was a Venture Partner with Austin Ventures.

                        Dave holds a Masters in Business Administration from Harvard Business School and is a Phi Beta Kappa graduate of Furman University. He resides in Austin, Texas.


                            Shawn Kelly


                            Shawn Kelly [Oct. 3, 1972 – Apr. 16, 2018] founded Teakwood Capital in 2005 on the premise of bringing equity capital, strategic advice and marketing expertise to micro-cap, undercapitalized companies, thus launching them to higher growth and profitability.

                            Shawn’s career centered on financing and building growth stage companies. Prior to Teakwood, Shawn was with Austin Ventures, where he co-opened the firm’s Dallas offices. During his tenure, the firm grew from $450 million to $3 billion of capital under management. Shawn invested in and was active with the Boards of 12 growth-stage businesses. He was previously an investment banker with J.C. Bradford in Nashville where he focused on private equity and M&A transactions.

                            Shawn earned a Master of Business Administration from the Stanford Graduate School of Business and a Master in Professional Accounting and a Bachelor of Business Administration with High Honors from the McCombs School of Business at the University of Texas at Austin. Shawn was an active member of the Lone Star Chapter of the Young Presidents’ Organization.