AV Labs Announces Mike Bennett as Master Entrepreneur; World Class Entrepreneur to Advise Portfolio Companies.Business Editors and High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers AUSTIN, Texas--(BUSINESS WIRE)--Oct. 29, 2001 AV Labs, the accelerator accelerator: see particle accelerator. (1) A key combination such as Alt-G or Ctrl-Shift H that is used to activate a task. (2) An incubator that expects to develop the company considerably faster than normal. See incubator. venture fund based in Austin, Texas, announced today that Mike Bennett Mike Bennett is a professional rugby league player for British rugby club St Helens. His specialist position is second-row. On Tuesday, 29 August 2006, Mike signed a contract extension at the Lancashire club which will keep him at Knowsley Road for another two seasons. has joined the firm as a Master Entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. . The Master Entrepreneur program is unique to AV Labs, providing portfolio companies with access to world-class experienced entrepreneurs. Mike Bennett has been active with several of the Lab's portfolio companies, serving on the boards of Covasoft, Lane 15 and IT Newco. Previously he was chairman, 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. and president of Mission Critical Software, an Austin Ventures portfolio company that successfully completed a public offering in 1999 and merged with NetIQ Corporation in 2000. After the merger, Bennett served as executive chairman of Net IQ Corporation. Both companies provide eBusiness infrastructure software for the WindowsNT and Windows2000 market. Bennett has also previously been CEO and president of Learmonth & Burchett Management Systems and Summagraphics. "The Labs and our portfolio companies look forward to working with someone of Mike's caliber," said Mike Rovner, principal at AV Labs. "He is a seasoned entrepreneur with an impressive operating background and will add significant value to our company acceleration process." "AV Labs has attracted some of the best 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. talent and start-ups in Texas," said Bennett. "I look forward to working with the Lab's entrepreneurs and actively participating in their unique start-up Start-up The earliest stage of a new business venture. methodology." About AV Labs AV Labs is an early stage venture fund focused on seed and first round investments in infrastructure and enterprise software products and services. AV Labs focuses on companies where the differentiation AV Labs delivers -- executive operating talent and experienced entrepreneurs -- makes 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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