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Venture Partner

Richard Foster

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Biography

Mr. Foster is a Venture Partner with Lux Capital. He is also the Managing Partner of the Millbrook Management Group LLC. He recently started a new machine learning company, General Semantics, which is focused on automated text analysis of public and private companies worldwide.

Prior to forming Millbrook, Mr. Foster was with McKinsey & Company for 30 years, where he is an Emeritus Director and served as a Senior Partner and Director for 22 years. Mr. Foster co-founded the firm’s technology, chemicals, healthcare and private equity practices. He also led McKinsey’s worldwide knowledge development and served over fifty leading global companies primarily in healthcare, electronics, and chemicals as well as a number of nonprofit institutions.

Mr. Foster was elected a Fellow of the American Academy of Arts and Sciences and the President’s Circle of the National Academies. He is a member of the Policy and Global Affairs Committee of the National Research Council, National Academies. He led the Study Group for the Council on Foreign Relations on Innovation and Economic Power, which led to the publication of Technological Innovation and Economic Performance.

Mr. Foster is also a member of the board of directors of: Athenahealth (Chairman, Governance Committee); Trust Company of the West, a wholly owned subsidiary of Société Général (Audit Committee); Memorial Sloan Kettering Cancer Center (Executive and Finance Committees); Yale School of Medicine Dean’s Advisory Board; W. M. Keck Foundation (Executive Committee); Council of Foreign Relations (Nominating and Membership Committees); Council for Aid to Education (Chairman, Strategy Committee); a member of the Chambers Street Executive Network of Goldman Sachs; and a member of the advisory board of the Institute of Genomic Biology at The University of Illinois.

What is the greatest innovation of the past decade?
CRISPR/Cas9

What are you most looking forward to in the future?
Machine learning and the discoveries it will enable

Key Facts

  • Published two best-selling books: Innovation: The Attacker’s Advantage and Creative Destruction

  • Former director of the Santa Fe Institute and The Council on Foreign Relations

  • Earned his B.S., M.S., and Ph.D. from Yale University in Engineering and Applied Science