Vice Chairman of Monumental Sports & Entertainment
Raul Fernandez is Vice Chairman of Monumental Sports & Entertainment, a private partnership which owns the NBA’s Washington Wizards, the NHL’s Washington Capitals, the WNBA’s Washington Mystics, the AFL’s Washington Valor and Baltimore Brigade, and owns and operates the Verizon Center. Monumental assumed full control of the consolidated entities on June 10, 2010, and Mr. Fernandez led the efforts for new equity in the transaction. As part of his role with Monumental, Mr. Fernandez serves as the alternate representative on the NBA’s Board of Governors’ for the Washington Wizards. Monumental Sports & Entertainment operates in the nation’s fifth-biggest media market and is one of the largest integrated sports and entertainment companies in the country.
Raul Fernandez previously served as the Chairman of ObjectVideo, a private technology company that develops video analytics software for automated security surveillance. He is also a Special Advisor to General Atlantic Partners, a growth equity firm with over $8 billion under management. Raul Fernandez started his technology career when he founded Proxicom in 1991, with $40,000 of his savings. With 4 engineers at the start, Proxicom specialized in custom object oriented application development work for corporate and government clients. Working as an applications developer for NeXT computers, the company grew quickly and was very well positioned as a leading edge multi disciplinary development organization at the beginning of the internet boom. With early customers like Netscape, AOL, MCI and GE, Proxicom was able to position itself very effectively as a one stop shop for the development of business to business and business to consumer websites. With a vertical industry market focus and a concentration on business to business sites, Proxicom enjoyed a tremendous amount of growth in the 1996 to 2001 timeframe. The company went public in 1999 and ultimately sold in 2001. At the time of the sale, Proxicom had grown profitably to more than $200 million in revenue, offices in the US and Europe and had close to 2000 employees. Mr. Fernandez sold Proxicom to Dimension Data, a UK listed technology company based out of South Africa. Mr. Fernandez served as Proxicom’s CEO and Chairman from 1991 to 2001.
Mr. Fernandez, a native Washingtonian, is an active philanthropist in D.C. regional nonprofits, focusing his energy primarily on educational reform. In 2000 he co-founded Venture Philanthropy Partners (VPP), a philanthropic investment organization based in Washington, DC.
Mr. Fernandez is also the Chairman of Fight for Children, and a board member of DC College Access Program (DC-CAP), the DC Public Education Fund, and the Fernandez Foundation. Mr. Fernandez is an active technology investor in disruptive companies, including Undercover Colors, SyncThink, Radius Networks, Cloud9 eSports, Professional Fighters League (MMA), and Snap+Style Business, a mobile SaaS styling platform that empowers brands and their associates to engage customers using curation, personalization and conversion features that deliver proven results. He also serves on the board of Kate Spade & Company (formerly Liz Claiborne), AtSite Inc., a technology company that reduces risk and increases productivity in client facilities and real estate across North America, and Perfect Sense Digital, a company that drives innovations in web and mobile development for corporations worldwide
He holds a Bachelor’s degree in Economics from the University of Maryland.