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