Mr. Jim McDermott is a Managing Director based in Los Angeles and one of the Firm's two Managing Partners. Mr. McDermott has operational control of the firm's day-to-day activities. As a software and energy entrepreneur/investor, Mr. McDermott founded three software startups and has invested in numerous others. Prior to forming USRG, Mr. McDermott started his career as a public power banker with Credit Suisse's Municipal Finance Group in New York. While at Credit Suisse, he worked with Southern California Public Power Authority ("SCPPA"), Los Angeles Department of Water and Power ("LADWP"), Washington Public Power Supply System ("WPPSS") and several other West Coast municipal utilities. As a private equity investor, Mr. McDermott worked for Prudential's Private Capital Group. As an entrepreneur, Mr. McDermott has started, run and invested in the following companies: NanoH20, Inc. (Founder & Board Member) Spoke Software, Inc. (Founder and CEO), Archive, Inc. (Founder and CEO), Stamps.com, Inc. (NASDAQ: STMP - Founder and CEO) and Practice Technologies Inc. (Investor and Board Member).

Mr. McDermott is active in the management of Fulcrum BioEnergy, Inc. (Board Chairman), SolarReserve, Inc. (Board Member), Oski Energy (Board Member) and Novo Energy (Board Member). Mr. McDermott holds an MBA from the Anderson School at UCLA and a BA in Philosophy from Colorado College.