Welcome to our ‘Meet the Team’ series where we feature a member from our team each week to give you a behind-the-scenes look at the people that make it all happen at NGP Capital.
Feature of the week
Chad Bailey – Vice President, Smart Mobility Investment Team
Chad joined NGP Capital in 2016 as part of our smart mobility investment team. He works closely with our managing partner Paul Asel and has invested in companies like NEXT Trucking, Zum, and Lime.
In high school and at Yale, Chad was part of the rowing team even placing in Nationals as a high school Freshman. He loves the outdoors -- if you love to hike or camp, he could be your guide to the best trails and camping spots. He's very well read and has a curious mind.
We sat down with Chad to find out more about his background and what brought him to venture capital.
What was your first job in the technology sector?
My first job in the broader technology ecosystem was at Houlihan Lokey, where I was part of the technology group. We provided M&A and other financial advisory services to technology companies.
What first got you excited about the tech industry?
I was always impressed at the pace of innovation and the speed at which successful companies scaled in the technology sector. For example, to see something like the iPhone go from an idea and prototype to hundreds of millions of units sold over the course of a decade is a unique phenomenon. There are countless other examples across the technology sector.
If you got $1B of funding for your own startup. what kind of company would start from scratch today?
It would involve remediating climate change. I may need more than $1 billion.
What do you like to do in your free time that does not involve a screen?
Most outdoor activities. For example, walking or swimming.
Diversity and Inclusion is hot topic now. What improvements do you think the industry could make overall?
Words need to be followed by actions. Venture funds that make pledges to diversity and inclusion should back companies that follow similar principles. Funds themselves should also ensure their own teams are representative of their diversity and inclusion initiatives.