Team
The people behind CrossWork.
CrossWork is a late-stage venture capital group led by partners with first-class track records and advised by a board of some of America’s leading operators.
Sources
On the advisory board
Meet the full bench
Who we are
A venture capital group for the late stage.
An advisory board of former operators — finance chiefs, engineering leaders, scientists and founders — and a method first run in Midas I, now applied in Midas II. Investing at CrossWork is a team approach; the advisory board advises.
What we do
We look for companies with real revenue, real customers and a visible path to liquidity, rather than pre-revenue stories.
Who we serve
Family offices, institutions and experienced individuals with a long horizon who accept the risks of private markets.
How we are organised
Each investment is made through its own vehicle. Investors see their positions and documents in the CrossWork portal.
Sources
The firm
Seven recent exits. $50 billion+ in disclosed exit value.
CrossWork is a venture capital group for the late stage: large private companies in markets still being built, in segments of the economy that are growing fast.
- 7 recent exitsIncluding the second-largest US IPO of 2026 by a first-time issuer at the time.
- $50 billion+ disclosedCombined value of the exits with disclosed values, at the time of each exit.
- 2011On the record before the Facebook and Twitter IPOs, with MidasLP research on both.
Sources
- 4. As of June 30, 2026, per Renaissance Capital 2Q 2026 US IPO Market Review; ranking among first-time issuers. Bloomberg, May 14, 2026. SK Hynix's $26.5B US ADR offering (Bloomberg, July 10, 2026) is a US listing of a company already public in Korea and is excluded.
- 5. Publicly reported values only: Cerebras $56.4B fully diluted at the $185 IPO price (Bloomberg/Yahoo Finance, May 14, 2026); Scale AI: >$29B implied by Meta's $14.3B purchase of a 49% stake in June 2025, a partial realization for holders (Reuters/CNBC, June 2025); AuditBoard >$3B (Hg, May 23, 2024); Reltio $1.26B (SAP Form 6-K, May 2026). DataStax (IBM, 2025), SingleStore (Vector Capital, 2025) and Salsify (Cinven, agreed July 2026, pending) are excluded because terms were not disclosed.
- 6. Facebook Newsroom, May 17, 2012: Facebook announces pricing of initial public offering; shares expected to begin trading on the Nasdaq Global Select Market on May 18, 2012.
- 7. Intercontinental Exchange (NYSE), November 7, 2013: Twitter celebrates initial public offering and first day of trading on the New York Stock Exchange.
The advisory board
The advisory board.
Our advisory board is made of former operators: finance chiefs, engineering leaders, scientists and founders. They hear about companies before the market does, sit in diligence on the businesses they know best, and tell us when to walk away.
Early sight
Members hear about companies before the market does, from founders, boards and early employees they have worked with.
Diligence
Former finance chiefs, engineering heads and scientists sit in diligence on the businesses they know best, and tell us when to walk away.
Access
An introduction from someone a founder trusts is what opens the door.
CrossWork became a Cerebras shareholder in 2023. In May 2026 its IPO raised $5.6B at $185 a share, the second-largest US IPO of 2026 by a first-time issuer at the time. Midas I held AuditBoard before its sale. In 2024 Hg acquired it for $3B+, the largest VC-backed exit of 2024 at the time.
The bench
Who sits on it
The bench combines former Fortune 500 chief executives and finance chiefs with operators inside today's pre-IPO companies.
- Ann SardiniFormer CFO, Weight Watchers
- Charles MeintjesFormer COO, Peabody Energy
- Smruti PatelFormer Head of Data Engineering, Stripe
- Mike LittleCo-founder, WordPress
- Bill CanceFormer Chief Medical Officer, American Cancer Society
- Regina Benjamin, M.D.18th U.S. Surgeon General
- Kevin HarringtonFormer Shark on Shark Tank
- Les VinneyFormer CEO, STERIS
- Nancy ZhengVP, AI Inference, Cerebras
- Charles Bisgaier, Ph.D.Co-developer, Lipitor
- Andrea HuntFormer Director, Catalyst Biosciences
- Theresa CerulliClinical Instructor, Harvard Medical School
Selected members. Full roster under NDA.
Sources
Coverage
Where the board has operated. Inside the businesses we look at.
Each tile is a role held by a member of the bench, in the sector they know from the inside.
- AI and agentic AIVP, AI Inference, Cerebras
- AI hardware and chipsVP, AI Inference, Cerebras
- Consumer healthFormer CFO, Weight Watchers
- EnergyFormer COO, Peabody Energy
- Payments infrastructureFormer Head of Data Engineering, Stripe
- Internet softwareCo-founder, WordPress
- Consumer mediaFormer Shark on Shark Tank
- PharmaceuticalsCo-developer, Lipitor
- Public health18th U.S. Surgeon General
- Life sciencesFormer Director, Catalyst BiosciencesClinical Instructor, Harvard Medical School
- HealthcareFormer Chief Medical Officer, American Cancer Society
- Medical devicesFormer CEO, STERIS
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In practice
How an investment is made.
Three groups, five stages. Pick a stage to see who does what.
Board members know the companies in the sectors they ran and make introductions. The investment team screens each one.
- Industry insight Sector knowledge and trend reading that informs each evaluation.
- Network and access Introductions to companies, co-investors and executives.
A diagram of three groups: the advisory board, the investment team and the companies. Labelled links show what passes between them: introductions and access, sector insight, diligence, execution and relationships.
The advisory board
Former operators who ran companies in the sectors we look at.
- Sector insight
The investment team
Backgrounds at Goldman Sachs and Morgan Stanley, and in investment banking, private equity and venture capital.
- Diligence
- Execution
The companies
Large private companies in growing markets.
- AuditBoard
- Cerebras
- Stripe
- Perplexity
- Reltio
Board ↔ companies
- Introductions and access
- Relationships
Text version: each stage and who acts
- Signal. The advisory board, The investment team, The companies. Board members know the companies in the sectors they ran and make introductions. The investment team screens each one.
- Diligence. The investment team, The advisory board, The companies. The investment team runs diligence: the business, the market and the terms. Board members who ran similar companies weigh in.
- Decision. The investment team, The advisory board. The investment case is completed and reviewed, with the advisory board's input on the sector.
- Execution. The investment team, The companies. The investment team closes the investment with the company and completes the paperwork.
- Hold and exit. The investment team, The advisory board, The companies. The investment team follows each holding through to an exit: an IPO or a sale. Board members keep their relationships with company leaders.
Sources
Interactive
Sit on the board for one deal
An optional walkthrough: five steps, one company, the way the bench works a deal. Pick a company that is already public and play a board seat.
Step 1 of 5
Where did the signal come from?
Illustrative simulation. Company facts are cited; board dialogue is written by CrossWork.
Sources
Work with the board
Operators join the board to work on companies in their field.
Individuals and family offices who invest alongside the board start here.