Mr. Richard V. Spencer is the Managing Director of Fall Creek Management LLC. He was the former Vice Chairman and Chief Financial Officer of Intercontinental Exchange, Inc. (NYSE-ICE) the leading electronic commodity futures exchange. He served in that capacity from November 2001 through January 2008. While at ICE he was responsible for the transition of the company from private to public, including recruiting the Board, the initial public offering and the subsequent three secondary offerings, financial reporting, strategy development and implementation, and human resources. Prior to that Richard was the President of Crossroads Investment Management LLC a leading venture capital and private equity fund-of-funds investment firm. He joined Crossroads in 1998 after working on Wall Street for 15 years where his responsibilities centered on investment banking services focusing on strategic advisory services and capital markets underwriting. Mr. Spencer graduated from Rollins College in 1976 with a Bachelors of Arts degree in economics. He also completed the Advanced Management Program at the Fuqua School of Business, Duke University. Upon graduation from Rollins Richard joined the U.S. Marine Corps and served in the fleet as a Naval Aviator. He was honorably discharged in 1981 as a Captain. Mr. Spencer is a member of the board of directors of the Marine Corps Heritage Foundation, VeteransCampaign and StarPound TEchnologies, Inc.