Michael
Scheele began his career simultaneously with the birth of competitive
telephony by working on the original anti-trust case at GTE Sprint
in 1985. Mike performed every significant field and corporate product
and sales job during his 6 year tenure at GTE Sprint; GTE Sprint repeatedly
promoted Mike at 6 month intervals after he mastered each successive
position. Mike's mentors today are still his original supervisors
at Sprint in 1985. Beginning in 1991, Mike spent 2 years in Coopers
and Lybrand's managerial consulting practice, specializing in telecom
regulation. In 1993 Mike accepted a senior sales position at Teleport
Communication Group, and consistently ranked in the top 5% of TCG
sales personnel. At TCG Mike witnessed the creation of what would
become the CLEC industry as we know it today.
His
entrepreneurial career started in 1995 when he left TCG and started
his own consulting firm M.J. Scheele and Associates, which remained
active until 2000. Mike honed his market knowledge and analytic skills
by conducting ground breaking primary research on international issues
such as callback, bypass and refile. MJ Scheele and Associates published
over 5,000 pages of primary market research, much of which can be
found today on the Internet (Google MJ Scheele). Before closing shop
in 2000, M.J. Scheele and Associates' retained client list included
each and every one of the top 20 international carriers.
In
1996, Mike founded New Global Telecom, which quickly became a dominant
player in the international wholesale arena. In his capacity of VP
of Sales and Marketing, utilizing his sales and marketing expertise
and extensive contact base developed at M.J. Scheele and Associates,
NGT's revenues quickly grew from $0 in 1996 to over $125M in 1999.
Mike successfully exited NGT in a re-capitalization that included
AT&T, his primary customer from M.J. Scheele and Associates.
In
1997, Mike recognizing an industry need to improve the efficiency
of international minutes trading, Mike promptly launched RateXchange
by raising the necessary capital and selecting the management team.
Mike and all of RateXchange's investors earned approximately 50X on
their initial investment within a 14 month period concluding with
RateXchange's sale to a publicly traded company.
In
2002, Mike founded IP Deliver, now Infiniroute. Again, he recognized
the need to mediate the carrier signaling world of TDM to IP and quickly
established IP Deliver as a leading edge network component provider
that successfully sold adjunct network components to several large
telecommunications companies including Sprint, AT&T, and Vodafone.
He exited IP Deliver in late 2003 during a re-capitalization.
In
2002, he founded Telecom Assets Management Group (which became a leader
in asset reallocation) to capitalize on the global re-alignment of
assets flowing through the numerous Chapter 11 proceedings. In 2003
he sold a portion of his shares back to management and continues to
hold a modest equity stake in the company today.
His
newest and largest single investment to date is Talkfree. Founded
in early 2004, Talkfree is extremely well-positioned to grow explosively
along with the proliferation of IP in the developing world. Talkfree's
lowest cost customer acquisition model will scale quickly to become
a global household name in the developing world.
Michael
Scheele is an opportunist and, upon recognizing an opportunity, he
quickly architects a winning business model and hand picks a management
team that is best suited to capitalize on the opportunity by drawing
on his vast array of contacts developed over his extensive career.
A
chronic risk taker at heart, Mike combines the gifts of a work ethic
that reflects his Kansas upbringing, fierce determination, resourcefulness
and creativity that allows him to remain on top of any competitive
marketplace.