Our mission is to serve as investors and advisors in seed and early stage companies operated by entrepreneurs possessing the energy, vision, passion, and values to build successful enterprises. We are relationship-oriented, long-term investors committed to providing outstanding support to our portfolio companies.
Charles E. Rice
Charles Rice currently serves as Chairman of Mayport Venture Partners. He is the former Chairman of the Board and Chief Executive Officer of Barnett Banks, Inc., a Florida-based bank holding company which was merged with NationsBank Corp. (now Bank of America) in 1998. At the time, this merger was the largest bank merger for the highest earnings multiple in U.S. banking history. After the merger, he served as Chairman of NationsBank Corp. and, more recently, as Vice Chairman - Corporate Development for Bank of America, before assuming his current position. Mr. Rice retired from the Board of Directors of CSX Corp. (NYSE: CSX) and Sprint, Inc. (NYSE: FON) and still serves on the Board of Directors of Post Properties, Inc. (NYSE: PPS).
During his tenure at Barnett Banks, where he was first named Chief Executive Officer in 1979 and then Chairman in 1984, Mr. Rice participated in over 90 mergers and acquisitions, which culminated in the NationsBank transaction. While serving as its Chief Executive Officer, Barnett Banks' stock price increased from $4.37 per share to $73 per share on a split-adjusted basis. During this same period of time, Barnett Banks' assets grew from $3.7 billion to $41.2 billion and its net income increased from $31 million to $564 million. In 1995, Mr. Rice led the challenge to Florida's law prohibiting banks from selling insurance, which ultimately led to the U.S. Supreme Court ruling in Barnett Banks' favor, holding that the Florida statute in dispute was pre-empted by Federal law.
Mr. Rice is active in the Florida community. He is past Chairman of the Board of Trustees of Rollins College in Winter Park, Florida, and has previously served as a member of the Board of Trustees of the University of Miami, Coral Gables, Florida. In 1997, he received the Champion of Higher Independent Education In Florida award from the Presidents of Independent Colleges and Universities of Florida for his lifetime of service to higher independent education. He is a member and former Chairman of the Florida Council of 100 and a member of the Orange Bowl Committee.
Mr. Rice received his bachelor's degree in business administration from the University of Miami in 1958 and his MBA from Rollins College, where he also served as an adjunct professor of business. He is also a graduate of the Harvard Business School's Advanced Management Program.
C. Daniel Rice
Dan Rice has served as President and CEO of Mayport Venture Partners, LLC
since its founding in 2000. Prior to assuming this position, Mr. Rice was a partner in one of America's premier law firms, McGuireWoods LLP. Before joining McGuireWoods, Mr. Rice was the Chief Administrative Partner at Mahoney Adams & Criser, P.A.., a law firm which ultimately consolidated its practice with McGuireWoods. His experience includes both law firm management and extensive work in business transactions and litigation. Mr. Rice practiced law in the areas of mergers, acquisitions, corporate restructurings, complex contract negotiations, securities regulation, and litigation.
Mr. Rice is heavily involved in all aspects of Mayport Venture Partners
, including identification of potential investments, due diligence, term sheets, and deal structure. Mr. Rice currently serves on the Board of Directors of m2m Imaging Corp. f/k/a Supertron Technologies, Inc., and American Pet Resort, LLC. He has been an adviser to other portfolio companies on issues such as strategic partnerships, fundraising, business plan development, operational issues, and restructuring. He also serves on the Board of Managers of several private equity funds.
Mr. Rice received a BS in Financial Management from Clemson University in 1984 and both his MBA and JD degrees from the University of Florida in 1987. While at the University of Florida, he served as a computer programming and research assistant at its Bureau of Economic and Business Research. He is active in various philanthropic endeavors, including service on several not-for-profit boards of directors.