sentences:  Townsend has founded, co-founded or served on the executive management team or board of directors at several global biomedicine, nutraceutical, Internet, and technology companies, most notably TRICCAR, Inc., a publicly-held bioceutical firm focused on bioceutical and pharmaceutical research, development and marketing, where he serves as President and Chief Executive Officer  and Internet search engine Lycos, acquired by Terra Networks the Internet arm of the Spanish telecommunications giant Telefónica, for $12.5 billion.Townsend served on the Board of Directors of $2.8 billion Newegg.com, the second largest pureplay e-commerce retailer behind Amazon and oversaw the company's global marketplace division and that division's growth to over $280 million.He previously served on the boards of IAB, PacAirVentures, ReallyEasyInternet, and Futuristics.net.