Julius Genachowski, former chief of business operations at Barry Diller's IAC/InterActiveCorp., has been nominated by Pres. Barack Obama to be a commissioner of the FCC.

Genachowski is the founder of LaunchBox Digital and Rock Creek Ventures, which invests and advises digital media companies.

Genachowski, who has known Obama since their days at Harvard Law School, was integral in guiding the Obama campaign's innovative use of technology and the Internet for grassroots engagement and participation.