For Joseph Lee, phone calls were nightmares. Phone calls offered nothing,” his son, Paul Lee, said when describing how his father came to found Irvine-based InnoCaption. The telecom veteran established InnoCaption in 2007 to provide real-time caption services during phone calls using live stenographers. The new CEO previously worked in investment banking while also acting as a financial advisor for InnoCaption. In May, InnoCaption launched InnoCaption Video, a video-calling app similar to FaceTime except it works both across iOS and Android.