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TENEX
Overview
TENEX is seeking $5 million to launch a regulated and compliant Web3 digital asset marketplace providing utmost security and reliability to exchange participants. Forstmann & Co. (“F&Co”) has partnered with Fred Grede to establish the first non-auction, transactional exchange for both individual and institutional buying and selling digital assets, non-fungible tokens (NFTs) and derivatives (options)
TENEX is creating a new exchange to offer a platform for customers to easily purchase and trade digital assets that have an intrinsic, comparative value. F&Co is a merchant bank focused on partnering with companies that “deliver large magnitudes of change” and has a proven track record in the financial services industry and investment community
• Launched one of the earliest hedge funds in the United States in 1967 (Forstmann-Leff) and was the first to raise money from pension funds
• Launched the 2nd private equity and leverage buyout fund (Forstmann-Little)
• Founding investor in Instinet, which is still the standard for electronic equities trading today
• Early investor in Symbol Technologies, which made barcode an industry standard globally.
TENEX
Opportunity
TENEX
Solution/Strategy
TENEX
Management Team
Fred Grede
CEO
O
Seasoned exchange and finance executive at regulated exchanges in the US, both public and private organizations
Recently served as Federally appointed Bankruptcy Trustee in the matter of Sentinel Management Group, recovering and distributing over $800 million in assets for affected customers
Served as CEO of Bcause, LLC, a crypto currency mining operation and exchange
Executive Vice President of Operations for the Chicago Board of Trade, former CEO of the Hong Kong Futures Exchange and Chief Operating Officer of Hong Kong Exchanges and Clearing, HKEX, the publicly listed Exchange of Hong Kong
Served as Chairman of Vega Financial Engineering, an international financial consultancy with various Asian exchange clients
Graduated with a degree in Finance from the University of Illinois, earned a Law Degree from DePaul University and an MBA from the University of Chicago.
J. Anthony Forstmann
Chairman
Serves as the Chairman of the Investment Committee and Managing Partner of Forstmann & Co. Inc. Provides leadership, strategy and guidance for the firm’s overall decisions
Founded Forstmann-Leff & Associates, one of the original hedge funds in the US, in 1967, serving as investment advisor to pension funds. By 1985, the firm managed over $5 billion of assets under management (“AUM”)
Notable companies with assets under managements included: Intel, Pfizer, Standard Oil of Indiana, The Pension Guarantee Corp, The Ford Family, Northrop, Honeywell, Lockheed, Northwest Airlines, Knight Ridder, Delta Airlines, Texas Instruments, Raychem, Studebaker, Chrysler, Commercial Credit, MCA Universal, the City of New York, the State of Minnesota, the State of Maine, Holy Cross University, and the Archdiocese of New York
Forstmann-Leff & Associates achieved an average compounded yearly gain of 22% and outperformed all other firms monitored by Investment Manager Profiles in the Balanced Account category
The firm was one of the nation’s most prosperous investment firms, with a consistent, long term performance record that is still admired by their clients and other financial firms
Continued his career as one of the founding members and the original investor for Forstmann Little & Co., one of the first leveraged buyout and private equity firms in the US, which became one of the largest financial firms globally
Served as a Board of Director to companies, including but not limited to: Pullham Companies, Home Shopping Network, Community Health Services, ABC Citadel Broadcasting
Serves on the Leadership Council for the Yale School of Public Health
Graduate of Yale University and Columbia Business School.
Richard Thompson
Technology Partner and DAIR CEO
Chief Executive Officer Digital AIR, founded with the vision of unifying the immense power and scalability of modern cloud databases with cutting-edge software to overcome technological challenges faced by enterprises today
Over 25 years of experience directing the development of world-class institutional financial systems and pioneering the next generation of “cloud” technology
Experience in launching FX and derivatives platforms; acknowledged as one of the leading quantitative IT architects in finance
Attended Cornell University for a program in Mathematics and Applied and Engineering Physics. Master Programs in computer science at NJIT and Master Financial Engineering from Carnegie Mellon University.
Tyler Thurmond
Global Head of Technology
Accelerated ~70 ventures at various stages in the business life cycle, including a multitude of iconic companies and Captains of Industry in the Energy Transition, DeFi, AI/ML, and Global Media
Participated and directly lead a variety of complex transactions with an aggregate value of $300M
As a nonlinear domain SME, possesses a keen awareness of public-private partnership opportunities across the spectra of emerging technology research.
Kevin Fallon
Chief of Strategy
35 + years of Derivative & OTC Experience
Fixed Income Portfolio Manager, Proprietary Trader, Market Making & Sales
Developer Systematic Trading System incorporating AI
8 years Cryptocurrency trading experience & BTC mining; 14 years CME Group OTC Pricing & Settlement, Product Development, Market Regulation & Trade Support Fixed Income SME
Former Director Product Development, digital Currency Exchange & Mining Startup; Former Chief Risk Officer Chicago Digital Holdings Digital Asset Exchange (CDX) Startup
Graduated with a degree in Economics from Marquette University, earned a MS in Finance from University of Creighton and a MS in Computer Science (AI) from Knowledge Systems Institute.
Martin Mooney
CFO
Serves as the President for Forstmann & Co. and oversees the Company’s operations, including strategy, sales, and financial reporting, as well as participates in key strategic initiatives for the Company
Has worked with businesses ranging from start-ups to multi-billion-dollar international corporations and served as a CFO for multiple private equity-backed businesses in the software and retail sectors and served as CFO for a start-up in the education industry
As a private equity investor, served on the board of businesses in the consumer products, businesses services, digital marketing and restaurant sectors
Earned a Bachelor’s of Business Administration from the University of Notre Dame and an MBA from the Kellogg School of Management at Northwestern University.
William Attinger
Head of Corporate Development
Serves as a Managing Director of Forstmann & Co
Co-Founder and serves as Investment Strategist for Global Trust Group, a private association of industry experts who are collaborating to help grow and monetize a portfolio of innovative, high-growth companies with capital and operational expertise
Formerly an investment banker for Morgan Stanley
Earned his Bachelor’s Degree in Economics and his Master’s Degree in Finance from the University of Alabama.