Who We Are
Launched in 2003, Lateral Capital is the Early Stage investment business of former Pillsbury Company CEO and long-time Procter & Gamble executive, John Lilly. The first two Lateral Capital funds were all “personal money,” invested in parallel with other interested investors, including Tom Moore and Steve Gold. Lateral Capital III is a partnership with former P&G colleague Jeff Ansell. Lateral Capital IV, V and VI are structured as a Limited Partnership with 45 senior business executives.
General Partner: John Lilly
Former P&G executive/ Pillsbury CEO
John Lilly has an extensive background in business management, having built more than 50 branded businesses in 25 countries over 27 years; as an executive at Procter & Gamble and then as the CEO of The Pillsbury Company. John began his career at P&G in 1976 and was responsible at one time or another for almost all of Procter’s laundry, paper, food and beverage brands. This culminated in a six year assignment as Regional Vice President in Frankfurt, Germany, where John had managerial scope for the paper and beverage businesses in P&G’s Europe, Middle East and Africa Division. His experience base includes responsibility for Pampers®, Pringles®, Punica®, Cheer®, Always®, Folgers®, Gain®, Duncan Hines®, Sunny Delight® and Dawn®.
Team
Tim Kost
Lateral Capital LP and Managing Director
Michelle Ballentine
Fund Manager
Limited Partners
Harry Kangis
Co-Founder/General Manger, One Page Solutions, LLC
Cincinnati, OH
Chad Keck
Vice Chair, Needham & Company
Freeland, WA
Jim Lawrence
Former CFO of Northwest Airlines, General Mills and Unilever, NV / Former CEO of Rothschild North America
Minneapolis, MN
Jim Campbell
Retired Chairman, Wells Fargo Minnesota
Minneapolis, MN / Naples, FL
Cliff Anderson
Retired Owner, Crown Iron Works
Minneapolis, MN
Jeff Ansell
Senior Advisor at Vestar / Executive COB of IRI Worldwide / Former CEO, Pinnacle Foods and Sun Products
Greenwich, CT
Tom Malkoski
CEO, Penford Corporation / Former Managing Director, Chiquita Brands Int'l
Chicago, IL
John Pepper
Retired President, CEO and Chairman, The Procter & Gamble Company / Former COB, The Walt Disney Company
Cincinnati, OH
Tom Moore
Former President, P&G Health Care / CEO of multiple Early Stage companies
Philadelphia, PA
Henry Cousineau
Founder of Novus Marketing (currently Omnicom) / Restauranteur
Minneapolis, MN
Steve Gold
Former General Counsel, Tropicana Products, Inc.
Longboat Key, FL
Cathy James Paglia
Director, Enterprise Asset Management, Inc.
Greenwich, CT
Mike Murray
Retired President Global Corporate & Investment Banking, Bank of America
San Francisco, CA
Tim Ingrassia
Co-Chair of Global Mergers and Acquisitions, Goldman Sachs Group
New York, NY
Dan Glunt
Investor/Entrepreneur / Mediocre Fisherman
Ponte Vedra Beach, FL
David Cohen
Executive Vice President/COO, Standard Oil
Fairfield, CT
Joy Lindsay
President and CEO, Startec Investments Long-time Early-Stage Investor
Naples, FL
Greg Bonifield
Principal, Woodfield Development
Isle of Palms, SC
David Welle
Board Chairman, Second Heart Homes, Inc.
Sarasota, FL
Drayton Saunders
President, Michael Saunders & Company
Sarasota, FL
Megan Hawgood
Website Contractor
Bainbridge Island, WA
Jeff Liter
Multi-Company CEO, Health Care Biologics
Minneapolis, MN
Conrad Szymanski
Board Member, Beall's Inc.
Sarasota, FL