DIRECTOR OF STRATEGY / DIRECTOR OF INNOVATION
A proven senior leader, Mr. Ostrovsky has a record of delivering multi-million dollar growth for start-ups and Fortune 500 companies. An innovator in developing and implementing game-changing ideas, he has impacted entire industries. He is skilled at identifying and capitalizing on emerging market opportunities, nurturing ideas for pioneering products from concept to launch (two patents pending), raising funds, facilitating decisions, and building successful businesses.
As a leader of innovation at Intel, he generated well over $1B in net present value for the company. He accomplished this by advocating for and implementing innovative analytical and decision making methodologies and developing and licensing new tools to deliver high quality key strategic decisions. The Intel Architecture Group, which makes up more than $48B of Intel’s $54B+ in revenue, is required to run all key strategic decisions through this decision quality focused framework.
From overall corporate portfolio strategy to individual product development, Mr. Ostrovsky has played a prominent role throughout the product development cycle, from ideation to implementation. Recently, he led his team to drive graphics technology (DVD quality video and console quality gaming) into handheld form factors. He spearheaded one of Intel’s top initiatives, resulting in a major Intel product line, developing extremely low-power chipsets, building the organization and achieving significant design wins and volumes.
Mr. Ostrovsky’s innovation and big picture perspective led to the startup of two businesses at Intel. As a key member of Intel Capital’s New Business Investments (Intel’s business incubator), he evaluated business proposals, provided leadership and identified and drove new opportunities in low power graphics, low power chipsets and biological detection (1st patent issued was related to molecule detection). He led the two startups, building one of them to 225 employees.
His previous start-ups include a call center solutions company, Sundial Technologies, where he multiplied sales 10-fold. Mr. Ostrovsky developed and executed an innovative growth plan, built marketing programs, the sales organization and a service group. He increased sales from $300K per year to $300K per month, growing the company to be #2 in its niche. He subsequently negotiated the LOI for a public offering with a valuation of $30M and a purchase agreement with an industry leader to combine the companies and take the integrated company public.
Prior to Sundial Technologies, Mr. Ostrovsky founded a digital animation company, which he launched in his garage in 1992. The company provided pioneering animation for industrial and litigation support and web development/e-commerce. After growing it into an attractive acquisition, he sold the company and remained with the acquirer’s group of companies as president. He then negotiated the LOI for an IPO and partnered with BellSouth to rollout web services across South Florida.
Mr. Ostrovsky was instrumental in another successful IPO. In this instance, he collaborated with a boutique venture capital firm in Boston in evaluating business plans and helped an Ottawa based software company launch its successful IPO.
PROFESSIONAL EXPERIENCE
Intel Corporation, Portland, Oregon 2000 to Present
Intel Corporation is the world's largest semiconductor company, with $54B in revenue and approximately 80% market share for microprocessors installed in desktop and notebook computers, computer servers and communications devices.
Director of Innovation / Strategic Planning, Innovation & Incubation Group, 2008 – Present
In his current role, Mr. Ostrovsky improved strategic planning, decision-making and portfolio management by introducing the Decision Quality framework and Efficient Frontier portfolio management rigor. He managed a small team of decision professionals focused on facilitating, supporting and ensuring quality on very high value strategic decisions. He introduced this decision training for finance and planning within the company and licensed the innovative tools that facilitated key decisions and drove product development and expansion.
He also developed “Ideas Center Stage,” an idea marketplace designed to capture, develop and prioritize internally focused ideas for new services and products. Additionally, Mr. Ostrovsky managed a task force to prove value-add and develop the broad implementation plan. The improved analytics and processes in the IAG (Intel Architecture Group) are expected to enhance decision-making and increase the company’s portfolio value by more than $1B.
Director of Big Ideas – Ultramobility Group, 2007 – 2008
As the Director of Big Ideas, Mr. Ostrovsky crafted game-changing ideas, creating a robust pipeline of new concepts by proposing radical changes in strategic direction and driving ideas forward with challenging business models.
Among his many accomplishments, he led the effort to prototype and develop the world’s smallest server blades, enabling substantially greater densities and very low-power stand-alone servers. He and his team stimulated interest in the industry by selling the idea to customers and server manufacturers. As a result, they delivered high revenue, density and performance at substantially lower power.
He also proposed repartitioning the components of the PC system that resulted in higher profitability for Intel. The plan included convincing Intel to license its low margin IP to third party silicon suppliers while at the same time persuading third party suppliers to take on the low margin IP. Licensing with third parties suppliers enabled the creation of smaller chipsets that consumed less power, made room for more high value uses and delivered greater margin.
Mr. Ostrovsky is a longstanding member of the TED community. He introduced Intel to TED’s new management, facilitating sponsorship and has represented the company for the last 11 years at the invitation-only conference where 1,000 of the “world’s leading thinkers and doers gather to find inspiration.” He interfaces with industry leaders on diverse subjects and business models and contributes his entrepreneurial perspective.
General Manager – Low Power Chipset Group, 2004 – 2007
Mr. Ostrovsky held P&L responsibility for $50M operating and $5M capital budgets, while managing over 200 employees. He led his team to develop lower power chipset product offerings for the Ultra-Mobility product line across multiple sites and functional boundaries.
Under his leadership, the team built a lower power chipset (which became a primary component of Intel’s Atom Platform), resulting in substantial design wins, with one-third the team typically required for chipset development and at less than half the usual budget. Additionally, he raised an initial $30M in capital from the New Business Initiatives Group (the internal venture arm/incubator of Intel Capital). He then assembled a nimble, top-notch team of 183 within 18 months. The result, Intel protected its mainstream mobile roadmap from emerging competitors with a product that delivers 80% of the functionality of the mainstream part at only 20% of the power dissipation and with a substantially smaller form factor.
General Manager – Handheld Graphics Operation, 2001 – 2005
In this role, Mr. Ostrovsky was instrumental in extending Intel into the Handheld Graphics sector. He pitched the concept to the internal incubator and received funding. He then grew the organization that became part of the Cellular Handset Group, which was subsequently sold to Marvell.
Mr. Ostrovsky stretched an exceedingly limited budget of $250K. He and his small team conducted low-cost surveys of end-user gamers, exchanging candy bars for the gamers’ thoughts and suggestions. As a result of their findings, Intel made the decision to make cell phones into gaming devices and brought the first product to market. Mr. Ostrovsky received $3M in the next round of funding and another $12M thereafter.
While building the Handheld Graphics Operation, Mr. Ostrovsky managed a $15M operating budget and a team of 8 direct and 38 indirect reports. He directed marketing, engineering, operations, business development, finance, and administration. Mr. Ostrovsky won a divisional entrepreneurship award for success in building the graphics chip with an extremely small team, spawning an industry-wide race to integrate 3D capabilities and positioning Intel strongly with major design wins with industry leaders including Dell, IBM, Casio, and Samsung. In addition, he landed customer and vendor engagements in China, Taiwan, Korea, Europe, and the U.S.
The Handheld Graphics Operation evolved to develop and market hardware companion chips to XScale (low power Intel microprocessors) for low power devices, delivering high-end graphic and media decoding capabilities and driving capability into Intel’s application and communication processors. Intel became a pivotal industry player in low power graphics. Mr. Ostrovsky identified beneficial IP in graphics provider, Imagination Technologies. He convinced Intel of the advantages of using the company’s IP for its low-power graphics core and negotiated a broad licensing agreement, including a 15% stake in the company for Intel Capital. {the investment was subsequent and done by iCap}
Director of Business Development, 2000 – 2001
Recruited to Intel, Mr. Ostrovsky was first brought into the company to manage business development for the Internet Tablet Operation. He quickly demonstrated his strategic thinking by identifying lucrative business opportunities.
During his brief 18 months in this position, he developed key relationships and structured content agreements to populate Intel’s Web Tablet, signing 18 deals in 16 months with premier providers including: Disney, Barnes & Noble, Yahoo, Amazon, CNET, and Viacom. Additionally, he gained buy-in for a move from a proprietary OS to the Microsoft operating system and led the engagement with Microsoft to deliver a unique tablet hardware/software solution for the Intel tablet.
John Galt Communications, Miami, Florida 1998 to 2000
A call center solutions company.
Principal / Consultant, 1998 – 2000
Before he was recruited away to Intel, Mr. Ostrovsky served as Principal and Consultant at John Galt Communications. Based on the SunDial solution, he built and operated a small call center and consulted on marketing, product development, providing a lead generation program, CRM solutions, and more effective sales approaches.
Sundial Technologies, Ft. Lauderdale, Florida 1997 to 1998
A call center solutions company preparing for IPO.
President, 1997 – 1998
Mr. Ostrovsky was recruited to drive growth and position SunDial Technologies for an IPO. He managed a staff of 6 direct and 10 indirect reports, and a $1.5M operating budget. During his tenure, he achieved all revenue growth and market positioning objectives. In addition, he capitalized on first mover advantage in the Windows-based Predictive Dialing system, affording the opportunity for small and mid-sized companies to compete with national call centers.
To accomplish his goals, Mr. Ostrovsky developed and executed a successful plan that grew the business from $300K/year to a run rate exceeding $3M. He expanded the company’s product from a software only solution to delivering an entire system drop shipped from Dell already configured. In support of the product, he built a top-notch sales and support team from the ground up. This comprehensive approach increased the company’s revenue and enhanced its margin on hardware. In addition, he initiated direct response marketing programs, and instituted vendor loyalty and referral programs. As a result of his efforts, he secured a letter of intent to take the company public at a valuation of $30M.
Digital Universe Corporation, Miami, Florida 1991 to 1997
A leading digital animation company focused on litigation support and animated 3D architectural visualization. Mr. Ostrovsky took over as President after launching, growing and selling Virtually Everything, Inc. to Digital Companies in 1994.
President (new content division), 1991 – 1997
When Mr. Ostrovsky took over as President, he led a team of 3 direct/15 indirect reports and managed $1M operating/$1M capital budgets. He built and managed a studio of artists and programmers developing video, web, and CD ROM applications. He led his team to expand into the game development, complex multimedia marketing support, and web development spaces.
Among his achievements, Mr. Ostrovsky positioned key client, Bell South on the leading edge of web technology, driving their sales of web development and crafting an e-commerce strategy that resulted in BellSouth.net becoming one of largest Internet Services Providers (ISP) in the region at the time. In addition, he designed and conducted a training program for BellSouth’s Electronic Commerce Specialists to demonstrate web-related technologies including security, web hosting, and e-commerce server software.
EARLIER CAREER
Earlier in his career, Mr. Ostrovsky contributed to the success of Jetform Corporation’s IPO, by working with a VC group in preparing financial analyses. He also designed and implemented CRM and e-mail systems to support the growth of this fast-growing software company. Prior to working with Jetform, he served as Chief Financial Officer at Argo Air, Inc., where he led a staff of eight accountants in conducting financial affairs for the 1,100 person aircraft leasing company. He built a financial plan and submitted it to the FAA for approval of Fine Air, a cargo airline owned by Argo Air. Mr. Ostrovsky started his career as a Senior Staff Accountant at the Big-Eight accounting firm, Coopers & Lybrand.
EDUCATION & PROFESSIONAL DEVELOPMENT
Northern Arizona University awarded Mr. Ostrovsky a Bachelor of Science in Accountancy. {Mention grad school at UM – only if you received a degree?} He went on to become a CPA. He continued his professional development with a Certificate in Strategic Decision Making and Risk Management from Stanford University.
OTHER INTERESTS
While at Stanford, Mr. Ostrovsky took a course in the design school focused on new product development and brainstorming methodologies. One of the projects focused on ice cream packaging. The professor made ice cream using liquid nitrogen. Mr. Ostrovsky decided to experiment with making his own homemade ice cream. After receiving positive feedback from family and friends he and his wife decided to go into business. He attended the Penn State Ice Cream Short Course, the longest running continuing professional education program in the United States. He and his wife went onto build a small wholesale business in Portland, Oregon called “What’s the Scoop”. Their first retail store is scheduled to open in June 2012. The business specializes in adult targeted ice cream flavors (some liquor flavored) and is know for its extremely smooth texture due to the liquid nitrogen technique.
In his free time, Mr. Ostrovsky enjoys skiing, cooking, skeet shooting and glass blowing. In addition to being a private pilot, he is also a dive coordinator and a past member of the Board of Directors of the North West Fencing Center.