LaunchBox Digital Co-Founder Julius Genachowski Officially Resigns to become FCC Chairman

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Juius Genachowski, co-founder of LaunchBox Digital, will officially leave the DC-based investment firm to become Chairman of the Federal Communications Commission.

Juius Genachowski, co-founder of LaunchBox Digital, will officially leave the DC-based investment firm to become Chairman of the Federal Communications Commission. Julius was nominated to this position by President Obama on March 3, 2009 and confirmed by the U.S. Senate on June 25, 2009.

Genachowski co-founded LaunchBox Digital in 2007 along with Sean Greene and John McKinley. The three founders shared a vision of supporting entrepreneurs with both investment capital and an environment rich in mentoring and support. In only two years, LaunchBox Digital has invested in 17 early stage companies and is operating an active program with eight new companies this summer.

Co-founder Sean Greene said, "President Obama's selection of Julius represents a distinct honor for him and a rare opportunity for him to help facilitate innovation and our country's leadership in telecommunications and the Internet. While we will miss Julius, we recognize the utmost importance of this appointment. We thank him for his extraordinary leadership, insights and friendship."

Mr. Genachowski commented, "It's a complete pleasure to have been associated with the creation and management of LaunchBox Digital. I have confidence in my partners to continue to advise and support technology entrepreneurs at the earliest stages of company formation and to deliver first class results."

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