Joseph T. McCullen Jr.

Last updated October 01, 2019

Joseph T. McCullen Jr. (born March 15, 1935) is an American venture capitalist who served as United States Assistant Secretary of the Navy (Manpower and Reserve Affairs) from 1973 to 1977.

The United States of America (USA), commonly known as the United States or America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the most populous city is New York City. Most of the country is located contiguously in North America between Canada and Mexico.

Assistant Secretary of the Navy (Manpower and Reserve Affairs)

The Assistant Secretary of the Navy is a civilian office in the United States Department of the Navy. The Assistant Secretary of the Navy reports to the Under Secretary of the Navy who in turn reports to the United States Secretary of the Navy.

Biography

Joseph T. McCullen Jr. was born in Philadelphia, Pennsylvania ^[1] and was educated at Villanova University.^[2] McCullen spent several years in the United States armed forces, as Infantry Lieutenant and Navy Petty Officer.^[3]

Villanova University is a private Catholic research university in Radnor Township, Pennsylvania. Named after Saint Thomas of Villanova, the university is the oldest Catholic university in Pennsylvania and the only Augustinian university in the United States.

Infantry is a military specialization that engages in military combat on foot, distinguished from cavalry, artillery, and tank forces. Also known as foot soldiers or infanteers, infantry traditionally relies on moving by foot between combats as well, but may also use mounts, military vehicles, or other transport. Infantry make up a large portion of all armed forces in most nations, and typically bear the largest brunt in warfare, as measured by casualties, deprivation, or physical and psychological stress.

A lieutenant is the junior most commissioned officer in the armed forces, fire services, police, and other organizations of many nations.

In 1971, McCullen joined the Executive Office of the President of the United States as a Special Assistant to the President.^[4] In 1973, President of the United States Richard Nixon nominated McCullen as Assistant Secretary of the Navy (Manpower and Reserve Affairs), and McCullen subsequently held this office from September 1973 until April 1977.

The Executive Office of the President of the United States (EOP) is a group of agencies at the center of the executive branch of the United States federal government. The EOP supports the work of the president. It consists of several offices and agencies, such as the White House Office, the National Security Council, and the Office of Management and Budget.

The president of the United States (POTUS) is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces.

Richard Milhous Nixon was an American politician who served as the 37th president of the United States from 1969 until his resignation in 1974. The only president to resign from the office, he previously served as the nation's 36th vice president from 1953 to 1961, and as a representative and senator from California.

After leaving government service, McCullen pursued a career in business, particularly in venture capital. From 1986 until 1999, he was a Managing Director of venture capital firm OneLiberty Ventures.^[4] In 1999, he moved to J.H. Whitney & Company as a Managing Director.^[4] In July 2001, he moved to McCullen Capital as a Managing Director.^[4] As a venture capitalist, McCullen has been one of the founding investors in and served on the Board of Directors of a number of companies, including TeleCorp, Brooks Fiber Properties, Intermedia Communications, MetroNet of Canada, and Extraprise.^[3]

Venture capital (VC) is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake, in the companies they invest in. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments do have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from the high technology industries, such as information technology (IT), clean technology or biotechnology.

J.H. Whitney & Company is a venture capital firm in the U.S., founded in 1946 by John Hay Whitney and his partner Benno Schmidt. Today the firm focuses primarily on leveraged buyouts, turnarounds, acquisitions, and recapitalizations of more mature companies particularly those it considers to be in the middle market. The firm is based in New Canaan, Connecticut.

McCullen's alma mater Villanova University awarded him an honorary PhD.

Alma mater is an allegorical Latin phrase for a university, school, or college that one formerly attended. In US usage, it can also mean the school from which one graduated. The phrase is variously translated as "nourishing mother", "nursing mother", or "fostering mother", suggesting that a school provides intellectual nourishment to its students. Fine arts will often depict educational institutions using a robed woman.

An honorary degree is an academic degree for which a university has waived the usual requirements, such as matriculation, residence, a dissertation, and the passing of comprehensive examinations. It is also known by the Latin phrases honoris causa or ad honorem . The degree is typically a doctorate or, less commonly, a master's degree, and may be awarded to someone who has no prior connection with the academic institution or no previous postsecondary education. An example of identifying a recipient of this award is as follows: Doctorate in Business Administration.

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In the United States military, the Assistant Secretary of Defense for Manpower and Reserve Affairs(ASD ), formerly Assistant Secretary of Defense for Reserve Affairs(ASD ) serves as Principal Staff Assistant and advisor to the Secretary of Defense, Deputy Secretary of Defense and Under Secretary of Defense for Personnel and Readiness, with responsibility for "overall policies and procedures of [U.S.] Total Force manpower, personnel and reserve affairs," including the Army National Guard, Army Reserve, Navy Reserve, Marine Corps Reserve, Air National Guard, Air Force Reserve and Coast Guard Reserve. The ASD (M&RA) reports directly to the Under Secretary of Defense (P&R) and exercises authority, direction, and control over the National Committee for Employer Support of the Guard and Reserve.

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References

↑ United States. Congress. House. Committee on Armed Services (1975). Hearings Before and Special Reports Made by Committee on Armed Services of the House of Representatives on Subjects Affecting the Naval and Military Establishments. U.S. Government Printing Office. Retrieved 2014-10-24.
↑ "Our Team | Profile from Key Venture Partners". key.com. Archived from the original on 2014-10-24. Retrieved 2015-02-04.
1 2 "Database Marketing, Demand and Lead Generation Company - Extraprise". extraprise.com. Archived from the original on 2006-03-24. Retrieved 2015-02-04.
1 2 3 4 "Biography from MetroPCS". sec.edgar-online.com. Retrieved 2015-02-04.

Government offices
Preceded by James E. Johnson	Assistant Secretary of the Navy (Manpower and Reserve Affairs) September 1973 – April 1977	Succeeded by Edward Hidalgo

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[google-1] United States. Congress. House. Committee on Armed Services (1975). Hearings Before and Special Reports Made by Committee on Armed Services of the House of Representatives on Subjects Affecting the Naval and Military Establishments. U.S. Government Printing Office. Retrieved 2014-10-24.

[key-2] "Our Team | Profile from Key Venture Partners". key.com. Archived from the original on 2014-10-24. Retrieved 2015-02-04.

[extraprise-3] 1 2 "Database Marketing, Demand and Lead Generation Company - Extraprise". extraprise.com. Archived from the original on 2006-03-24. Retrieved 2015-02-04.

[bare_url-4] 1 2 3 4 "Biography from MetroPCS". sec.edgar-online.com. Retrieved 2015-02-04.