Byron Deeter
About Byron Deeter
Independent director of ServiceTitan, Inc. (TTAN), age 50, serving on the board since March 2015 and currently Chair of the Nominating & Corporate Governance Committee . He is a long-time venture investor (Partner at Bessemer Venture Partners since April 2005) with prior operating roles at IBM and Trigo Technologies, and began his career at TA Associates and McKinsey & Company; he holds a B.A. in Political Economy from UC Berkeley . The board has determined he is independent under Nasdaq rules .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Bessemer Venture Partners | Partner | Since Apr 2005 | Venture capital and growth investor |
| IBM | Business Development & Market Development Executive | Apr 2004–Apr 2005 | Joined following IBM’s acquisition of Trigo |
| Trigo Technologies | Co-founder; President; CEO; VP Business Development | Dec 1999–Apr 2004 | Company acquired by IBM in 2004 |
| TA Associates | Associate | Not disclosed | Private equity experience |
| McKinsey & Company | Analyst | Not disclosed | Consulting experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Twilio, Inc. | Director | Nov 2010–Apr 2024 | Public company board service; ended Apr 2024 |
| SendGrid, Inc. | Director | Jan 2012–Feb 2019 | Public; acquired by Twilio in 2019 |
| Various private technology companies | Director | Ongoing (not itemized) | Several privately-held boards |
Board Governance
- Independence: The board determined Deeter is independent; all committee members meet enhanced independence requirements where applicable .
- Committee assignments: Nominating & Corporate Governance Committee (Chair) ; not an Audit or Compensation Committee member per director matrix .
- Attendance: In FY2025, the board met 6 times; all directors attended at least 75% of board and committee meetings except William Hsu—implying Deeter met ≥75% . Nominating & Corporate Governance Committee was formed Dec 2024 and held no meetings in FY2025 .
- Lead Independent Director: Tim Cabral (since Nov 2024) .
Fixed Compensation
| Component | Policy Amount | Frequency/Notes | FY2025 Actual for Deeter |
|---|---|---|---|
| Board retainer (cash) | $35,000 | Paid quarterly, prorated for partial quarters | $5,959 fees earned (prorated) |
| Lead Independent Director retainer (cash) | $20,000 | Additional to retainer | Not applicable (Deeter not Lead) |
| Audit Committee: Chair / Member | $20,000 / $10,000 | Paid annually, prorated | Not applicable (not a member) |
| Compensation Committee: Chair / Member | $15,000 / $7,500 | Paid annually, prorated | Not applicable (not a member) |
| Nominating & Corporate Governance: Chair / Member | $8,000 / $4,000 | Paid annually, prorated | Policy applicable; committee formed Dec 2024 |
Performance Compensation
| Equity Component | Grant Value | Vesting Schedule | FY2025 Awards for Deeter |
|---|---|---|---|
| Initial RSU (for new non-employee directors) | $400,000 value | Quarterly over 4 years, starting next Mar/Jun/Sep/Dec 15 after grant; service-based | None disclosed for FY2025 |
| Annual RSU (recurring) | $200,000 value | Fully vests on next Mar/Jun/Sep/Dec 15 following first anniversary of grant; service-based | None disclosed for FY2025 |
- Director RSUs are time-based; no performance metrics are tied to non-employee director compensation in the program .
- TTAN prohibits hedging and pledging of company securities for directors and employees, aligning incentives with shareholders .
Other Directorships & Interlocks
| Entity | Relationship | Detail |
|---|---|---|
| Bessemer Venture Partners | Partner; affiliated holder | Entities affiliated with Bessemer beneficially own 9,003,571 Class A shares (11.7% of Class A; 4.3% of total voting power). Deeter is listed among directors of Deer VIII Ltd. that hold voting/dispositive power; he disclaims beneficial ownership except for pecuniary interest . |
| ICONIQ Growth / Dialpad | Related-party context (not Deeter) | TTAN paid $4.3M to Dialpad in FY2025; ICONIQ affiliates own >5% of TTAN; disclosure pertains to William Griffith’s ICONIQ affiliation; Deeter not involved per disclosure . |
| Compensation Committee Interlocks | None | No committee interlocks requiring Item 404 disclosure for current members, apart from William Griffith; Deeter not implicated . |
Expertise & Qualifications
- Venture capital and technology expertise; public and private board experience; prior operating roles at IBM and Trigo; consulting and private equity background .
- Education: B.A. in Political Economy, University of California, Berkeley .
- Governance role: Chairs Nominating & Corporate Governance, responsible for director selection, performance evaluation, and governance practices .
Equity Ownership
| Holder/Capacity | Class A Shares | % of Class A | Class B Shares | % of Voting Power | Notes |
|---|---|---|---|---|---|
| Byron Deeter (via Bessemer affiliates) | 9,003,571 | 11.7% | — | 4.3% | Listed due to Bessemer entities; Deeter may be deemed to share voting/dispositive power; he disclaims beneficial ownership except for pecuniary interest . |
| TTAN anti-hedging/pledging policy | — | — | — | — | Company-wide prohibition on hedging/pledging of TTAN securities . |
| Outstanding director awards (FY2025) | — | — | — | — | No outstanding options or RSUs disclosed for Deeter in FY2025 director awards tables; only Cabral/Dholakia/Jolly listed . |
Governance Assessment
- Strengths:
- Independent under Nasdaq rules; committee chair role indicates governance influence .
- Extensive technology and board experience; prior public company directorships (Twilio, SendGrid) .
- Company-wide anti-hedging/pledging policy supports alignment .
- Watch items:
- Investor-affiliation: Bessemer is an 11.7% Class A holder; Deeter is a Bessemer Partner and among directors with voting/dispositive power over Bessemer entities—potential perceived conflict, though independence is formally affirmed and related-party policies exist .
- Nominating & Corporate Governance Committee held no meetings in FY2025 (formed Dec 2024 post-IPO); near-term maturation of governance processes and director evaluation cadence should be monitored .
- Minimal FY2025 director equity awards for Deeter; alignment may primarily flow through Bessemer’s stake rather than personal TTAN equity awards in FY2025 .
RED FLAGS: None disclosed specific to Deeter (no related-party transactions, no pledging/hedging, no committee interlocks); primary sensitivity is investor-affiliated director status via Bessemer’s ownership and shared voting/dispositive power, which warrants ongoing monitoring for conflicts management .