CYBERCASH (VERISIGN) Dir Business Dev (1995-1997)
Saund pioneered the field of e-commerce. His experience in marketing and selling into Wall Street along with relationship with Intel Capital caused him to be recruited by founder and CEO Bill Melton.

Saund helped lead Wall Street push for company’s successful $1B IPO in 1996. The focus was on strategic alliances and relationshipes for micropayments funds transfer for retail transactions between financial institutions, merchants and consumers.

As evangelist, Saund delivered the new paradigm closing business with issuers E*Trade and retail aggregrators Yahoo, InfoSeek, Lycos, Bloomberg and others. His significant contribution was the innovation of the Digital Newsstand which promoted company's new instrument and garnered interest from Internet Media companies. CyberCash is a boom to bust story. It later merged with Verisign. More...

VIRTUAL PURCHASE CARD, VP Product & Business Development (1999-2001)
Saund started an enterprise-focused Internet Bank with former Wells Fargo executives to facilitate B2B transactions. In total, the company raised $20M from Wells Fargo, Fleet and JP Morgan.

Built around an advanced Web Services high-availability, architecture, Saund led product design which included Public Key Cryptography, X509 authentication, transaction flows, merchant software integration and CRM packaged in a comprehensive architecture stack of web deployed in J2EE logic.

In the role of product design, he initiated an RFP for a complex $5M development project, selecting and negotiating with key developers for rapid and on-time execution.

Saund forged nationwide channel distribution agreements with BEA, Broadvision, and Oracle to help embed VPC check-out software in B2B merchant systems.

In 2001, recognizing the reality of the dot.com bust, the board decided that it would take longer to reach cash flow break-even, returned cash investments and closed doors. More...