AV Labs Announces Eric Loeffel as Venture Fellow; Experienced Technology CEO and Director to Aid Portfolio Companies.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Sept. 5, 2000 AV Labs announced today that Eric Loeffel, formerly President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of onQ Technology, an Austin headquartered semiconductor services company, has joined the firm as a Venture Fellow. The Venture Fellow program is unique to AV Labs, providing portfolio companies with access to world-class entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. operating talent. Loeffel brings over 15 years of business strategy, product marketing, product development and executive-level operations experience to AV Labs and its portfolio companies. In his role as President and CEO of onQ, he developed the business strategy, built the management team and doubled the size of this international semiconductor services company before selling the company to a private equity firm. Prior to onQ, Loeffel held various executive management positions at Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. Inc., the makers of Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. and TurboTax software, in Mountain View, Calif. Roles included product marketing, business development, international business management, and new product development. Loeffel was also an Associate with 3i Ventures in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. where he focused on early-stage software and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. investments for this global venture capital firm. "The AV Labs model of rapidly proving business ideas by teaming entrepreneurs with experienced operating executives is a unique approach to creating successful ventures fast," Loeffel said. "I'm really excited to be working with the hottest entrepreneurs and start-ups in Austin and look forward to leveraging my operating background to help these ventures succeed." "The Labs and our portfolio companies look forward to working with someone of Eric's caliber," said Rob Adams, managing director of AV Labs. "Eric's a seasoned entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. with an impressive operating background, and will add significant value to our company acceleration process." About AV Labs AV Labs is an early stage venture fund focused on seed and first round investments in Internet companies delivering B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , applications and infrastructure products and services through the Internet. AV Labs focuses on companies where the differentiation AV Labs delivers -- executive operating talent and experienced entrepreneurs -- make a significant difference in a company's time to market. The firm can be reached through its Web site at www.avlabs.com or info@avlabs.com. |
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