Prior to co-founding Pajarito Powder in the spring of 2012, Mr. Stephenson was a co-founder of the Verge Fund in 2003, and currently serves as Managing General Partner in addition to his responsibilities with Pajarito Powder. Mr. Stephenson has worked with a number of current and past Verge portfolio companies, including Altela and Wellkeeper, and was previously on the Board of Directors of LabStart, a joint-venture entity created to assist in commercialization of technologies from Los Alamos National Laboratory, one of the sources of technology for Pajarito Powder. He previously served as a director and the lead investor for Mesofuel, a start-up company commercializing novel hydrogen reforming technologies for the fuel cell industry.