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Jack McDonnell, Chairman & CEO, Crosswalk

For more than 20 years, Jack McDonnell was the Mickey-D behind switch maker McData Corp. (Nasdaq: MCDTA), serving as founder, chairman, and CEO. Then he made a few changes.

McDonnell, who gave up his CEO post at McData in 2002, stepped down as chairman in January 2004. I was thinking I’d take some time off and kick back for a while, but that didn’t work,” he says.

Instead, he started another company – this time in the software space. With a couple of old McData cronies, he founded Crosswalk Inc. in February 2004 (see McData Names Kelley as Chairman and Crosswalk).

The new company owes a lot to McData. Besides McDonnell himself, former McData execs Mark Stratton and Rob Kelley are Crosswalk’s VP of solutions and CTO; the startup’s Westminster, Colo., shop is down the road from McData’s Broomfield headquarters; and the new venture licenses McData’s SANavigator SAN management software as well as Tek-Tools Inc.'s Profiler Rx storage resource management application.

What's more, while McDonnell doesn’t say how much money he put into his startup, he sold more than $6 million of McData stock last year.

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