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Edwin Goodman Reappointed to FIT Board of Trustees, Re-Elected Chairman

Cheri Fein, executive director, Public and Media Relations
press@fitnyc.edu, 212-217-4700
Edwin A. Goodman, a general partner and co-founder of Milestone Venture Partners, has been reappointed for a third term to the Board of Trustees of the Fashion Institute of Technology (FIT), a part of the State University of New York (SUNY) system. He was appointed and reappointed by the Governor of New York. Goodman, who was sworn in on January 19, 2012, will serve for a term that ends June 30, 2017. He will also continue to serve as chairman, a position he has held since 1995.

A venture capitalist with more than 35 years of experience, Goodman formed Milestone in 1999. He supervises Milestoneís investments, respectively, in Expert Plan, which provides a software platform to enable the automated management of 401K plans and in Skill Survey, which allows companies to conduct reference checking of job applicants online. He is also a spokesperson in the venture capital industry and was chairman for nine years of the annual Venture Investing conference sponsored by International Business Forum.

Prior to founding Milestone, Goodman was associated for 17 years with Hambros Bank, where he supervised the growth of the business from $5 million to $150 million of investment capital. The Hambros venture team invested in more than 100 companies in a wide variety of businesses. Among the successful companies that went public or were profitably sold were Allied Waste, Corporate Softward, Komag, PCA International, PetSmart, Inc., RASNA Corporation, Solectron Corporation, Staples, Telematics, and Veeco Instruments.

Before Hambros, Goodman spent seven years with Patricof & Company (now Apex Partners), joining the organization as its third employee. He participated in all aspects of the company, whose prominent investments included a $250,000 commitment to the final private financing round raised by Apple Computer.

Edwin Goodmanís career began at Bergdorf Goodman, where he worked with his father on the sale of the business to Carter Hawley Hale Stores. In 1967, he joined the Bedford Stuyvesant Development and Services Corporation, heading the effort to provide Small Business Administration-guaranteed loans to small businesses to encourage job creation. From 1970 to 1973, he managed the WBAI FM radio station.

Goodman is a director of M5 Networks and SkillSurvey, Inc., the inventor and provider of behavioral web-based reference-checking. He also is a founding director of Donors Choose, a non-profit online organization for resources lacking at public schools, and a former board chairman and life trustee of the Choate Rosemary Hall School.

Goodman earned his BA in English literature from Yale College in 1962 and his MS from Columbia University Business School in 1979.

By New York State law, FIT is governed by its own 16-member Board of Trustees, which is charged with the administration of the institution and support of its mission. The board is comprised of eight trustees appointed by FITís local sponsor, the New York City Department of Education, through the Panel for Educational Policy; seven appointed by the Governor of the State of New York; and one student trustee.

In addition to Goodman, current board members include Elizabeth T. Peek, vice chair; Amsale Aberra; Richard A. Anderman; Jay H. Baker; Robin Burns-McNeill; Judith I. Byrd; Yaz Hernández; Joan B. Hornig; George S. Kaufman; Jaqui Lividini; Beverly S. Mack; Chris Casson Madden; Deirdre Quinn; Robert Savage; and Samantha Kloeckener, student trustee.

FIT, whose president is Dr. Joyce F. Brown, is a leader in career education in art, design, business, and technology, with a wide range of programs that are affordable and relevant to todayís rapidly changing industries. Part of the State University of New York, the college offers more than 45 majors leading to the AAS, BFA, BS, MA, MFA, and MPS degrees. †

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