Growing a Software Company from Zero to $100 Million in Charlotte

Attention CAAC Members - you are invited to the following event courtesy of the Wharton Club of Charlotte!!

MPraegerv3.jpgJoin the Wharton Club of Charlotte for a discussion with Michael Praeger, Co-Founder, Chief Executive Officer of AvidXchange- Charlotte’s hottest growth company and learn what makes AvidXchange a truly unique as a company, and propels their growth. 

Refreshments:  Refreshments will be served.

Parking: Wells Fargo lot on S. Tryon, other lots nearby

Cost:  Free to HBS Club members and one guest
Guests welcome - $25
This is a joint event with Wharton and Stanford
Wharton members $15
Joseph Wharton Members $1


 In this discussion takeaways include:

  • Lessons learned along the way…..the good, bad, and ugly
  • Maintaining a unique company culture while experiencing hyper growth
  • Key pivot points along with way that are the foundation of our success today

About AvidXchange

AvidXchange revolutionizes the way companies pay their bills.  Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy and Construction.  AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for four consecutive years, as well as ranked among Deloitte’s Fast 500 this past year.  In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people.  AvidXchange has been recognized as one of the Best Places to Work in Charlotte for seven consecutive years.

Michael Praeger:
Co-Founder, Chief Executive Officer 

Michael Praeger is the Co-Founder and Chief Executive Officer of AvidXchange, Inc., the leading provider of on-demand accounts payables management and automated payment solutions. Since founding AvidXchange in 2000, Michael has been an active participant and speaker on "payables and payment automation" at various industry conferences and considered a thought leader within the industry in developing creative solutions and best practices for payables and payment automation. 

Michael has spent the last 20 years founding, managing, merging and selling technology and web services-related companies. Prior to establishing AvidXchange, Michael was Co-Founder of, a technology career enhancement and recruiting site that successfully completed its merger with in November 1999. Prior to that, he was Co-Founder and CEO of InfoLink Partners and InfoVentures, LP. Michael also served as an Associate with Summit Partners, a Boston-based Venture Capital and Buyout partnership with more than $1 billion under management. He received a B.S.B.A. in Finance from Georgetown University. Michael is also a graduate of the "Birthing of Giants" executive entrepreneurship program at MIT. 

Michael is currently active in the Entrepreneurs Organization (EO), as well as the Young Presidents Organization (YPO). Michael is also currently serving on the advisory board of the North Carolina Technology Association (NCTA), and on Comdata's Customer Advisory Board. Michael is revered as a leading business-to-business provider of innovative electronic payment solutions.

October 26, 2016 at 6:00pm - 8pm

Parker Poe Adams and Bernstein

401 S Tryon St
Three Wells Fargo Center, Suite 3000
Charlotte, NC 28202
United States

Andy Cohen