Managing Director, 7Wire Ventures
Lee Shapiro is a managing partner at 7wireVentures, an investment firm he cofounded over a decade ago. He also served as chief financial officer of Livongo Health [NASDAQ:LVGO] until November 2020. Previously he was president of Allscripts [NASDAQ:MDRX] from 2001 until the end of 2012. His leadership was integral to the execution of over $4 billion in mergers, acquisitions, and financings. His responsibilities included the company’s strategy, international operations, business development and partnerships, legal, government relations, health plan initiatives, and business activities in the areas of analytics and information services.
Prior to stepping in as CFO of Livongo and leading its 2019 IPO, Lee served on the board of the company since its launch, chairing the audit committee and serving as a member of its compensation committee. During his tenure as CFO, Livongo also had a successful secondary offering, raised $550M in convertible debt and entered into an agreement to merge at the highest valuation of any healthcare technology company, based on revenue multiples. The price of $159 per share was over six times the price of Livongo’s shares at the time of its IPO, just 12 months earlier.
Shapiro served on the board of directors (audit committee and nominating and governance committee) of Medidata Solutions [NASDAQ:MDSO] until its sale in 2019 to Dassault Systemes. He also served on the board of Tivity Health [NASDAQ:TVTY] until May 2020. Shapiro chaired the audit committee and served on the compensation committee. He also serves on the board and committees of various 7wireVentures portfolio companies.
For the past four years, Shapiro has been a member of the National Board of Directors of the American Heart Association, where he chairs the audit committee and serves on the business operations committee. He has also been part of strategic goal task forces.
He is a cofounder and board member of The World Innovation Network, a member of the advisory committee of the University of Chicago Innovation Fund, and a member of the Samsung Digital Health Advisory Board. Based on his industry experience, Shapiro is a frequent speaker at industry conferences and a published contributor to the Forbes Business Council. He has also served as an officer and director of the Gastro-Intestinal Research Foundation.
Shapiro practiced commercial law at Barack, Ferrazzano, Kirschbaum, Perlman and Nagelberg, a prominent Chicago law firm. He holds a BS in accounting from the University of Illinois and a JD from The University of Chicago Law School.