Austin Ventures Expands Partner Team.Craig Milius, Michael Rovner, Phil Siegel, Krishna Srinivasan Promoted to Partner AUSTIN, Texas -- Austin Ventures, a leading $3 billion venture capital firm, today announced the promotions of four members of the company's investment professional team. Craig Milius, Michael Rovner, Phil Siegel, and Krishna Srinivasan were all promoted to the role of partner. "We are very excited to announce these promotions to the partner role. All four individuals have demonstrated outstanding performance and are well deserving of this promotion," said John Thornton, general partner at Austin Ventures. "Craig, Michael, Phil, and Krishna will play an integral role representing the next generation of Austin Ventures leadership." Craig Milius Mr. Milius joined Austin Ventures in August 2000. Craig's investment and transaction experience covers a diverse group of technology-enabled, services driven, and information-based industries. He is currently focused on the supply chain, transportation, information and business services, and integrated media sectors; and co-leads our CEO-in-Residence program. Craig currently serves as a director on the boards of All Star Directories, DeMarseCo Holdings, HomeAway, and Re:Trans. He has been instrumental in other successful AV investments, including Credant Technologies and Newgistics, having worked closely with the founders and management of each company since inception. "Choosing the right funding partner to launch my next company was no small task. Craig quickly set himself apart from the pack through his creative deal making and long-term, relationship-centric approach to partnering with management to build businesses. He's the trusted partner and director who is always there for me and my team on a moments notice," said Elisabeth DeMarse, 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 DeMarseCo Holdings. Prior to joining Austin Ventures, Craig was with Primus Venture Partners, a Cleveland-based private equity firm he joined in 1997. Earlier in his career Craig was in the Investment Banking division at Salomon Brothers Inc where he completed mergers and acquisition, strategic advisory, and capital-raising assignments for clients in a variety of industries including business services, staffing services, transportation, resort operations, and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. & mining. Mr. Milius received his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Kellogg School of Management
abbr. Bachelor of Business Administration with distinction from the Ross School of Business Notable alumni Activists
Michael Rovner Mr. Rovner joined Austin Ventures in September 2000. Michael is a stage-agnostic investor with a broad range of experience in startup formation, corporate spinouts, and growth equity. In addition to helping lead the firm's financial services initiative, he focuses on financial technology, information and business services, and enterprise software. Michael currently serves as a director on the boards of Acorn Systems, AlterPoint, Idera, Paymetric, and PreCash. He previously led the firm's investment in BuildForge (acquired by IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ) and served as a Director of Pluck and Permeo (acquired by BlueCoat blue·coat n. A person who wears a blue uniform, especially a police officer. blue  coat ). "Anyone can bring capital to the table but Michael's market knowledge, operational expertise, and straightforward approach make him an ideal funding partner. His work as a board member and trusted advisor has meaningfully contributed to our company's rapid growth," said John Chaney, Chairman and CEO, PreCash. Prior to joining Austin Ventures, Michael led business development and mergers and acquisitions for Mission Critical Software, which went public in 1999 and later merged with NetIQ. Earlier in his career Michael served as a management consultant to FedEx Global Logistics and Electronic Commerce. Before this he held executive management positions with Stanford Technology Group (acquired by Informix) and Empart Technology (acquired by ARI ARI Acute respiratory infection, see there Network Services), where he was a founder. Mr. Rovner received his BA from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Los Angeles. Phil Siegel Mr. Siegel joined Austin Ventures as a venture partner in October 1999. As a venture partner, Phil played a key role in expanding the growth equity practice with a particular emphasis on the supply chain, business services and information services See Information Systems. markets. Phil has led our successful CEO-in-Residence program over the last three years. Phil has founded several companies, including Austin Ventures' portfolio company, Newgistics, the leader in returns management. Phil serves as a director on the boards of All Star Directories, DeMarseCo Holdings, HomeAway, Newgistics, and Re:Trans. "Phil has a rare combination of financial expertise and strategic business insight. His involvement has had an extraordinary impact on the success of HomeAway," said Brian Sharples, CEO, HomeAway. Prior to joining Austin Ventures, Phil spent 11 years with the Boston Consulting Group (BCG BCG bacille Calmette-Guérin. BCG abbr. 1. bacillus Calmette-Guérin 2. ballistocardiogram BCG, n.pr See bacille Calmette-Guórin. ), most recently as a vice president, partner, and director in the Dallas office. At BCG, Phil developed deep expertise in the financial services and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and services industries. Mr. Siegel received his MBA and undergraduate degrees from the University of Chicago. Phil served as an adjunct professor in the entrepreneurship department at the University Of Texas Graduate School Of Business from 1999 to 2002 and at the business school of St. Edwards University. He is currently a professor in the Acton School of Management. Krishna Srinivasan Mr. Srinivasan joined Austin Ventures in February 2000 and focuses on companies in the Systems and Semiconductor eco system. He is interested in opportunities that originate from the confluence of ambitious entrepreneurs, disruptive technologies, and rapidly growing markets and often plays an active role in helping create companies through in-house incubations, seed investments, and spin outs. Krishna has worked with companies such as Augmentix, Blacksand, ClearCube, ColdWatt, Mavenir Systems, MEMX, Nanocoolers, NetBotz (acquired by APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ), Netrake (acquired by Audiocodes), Pyxis, Spatial Wireless (acquired by Alcatel) and Zilliant. "Krishna has brought a rare combination of strategic insight, technical acumen, and operational savviness that has contributed immensely to the formation and continued progress at ColdWatt," said Dan Artusi, Chairman and CEO, ColdWatt. Prior to joining Austin Ventures, Krishna was with McKinsey & Company, Motorola's corporate offices, and International Sematech. Mr. Srinivasan received his MBA from the Wharton School of the University of Pennsylvania The Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. It was established in 1881 through a donation of Joseph Wharton, making it the world’s oldest business school. , where he graduated with highest academic honors as a Palmer Scholar. He also has a Masters in Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of from the University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas , and an undergraduate degree from the Indian Institute of Technology, where he received the highest award that year for all-round accomplishment. Krishna is a board member of TiE Austin. About Austin Ventures Austin Ventures has been working with talented entrepreneurs to build valuable companies since 1979. With $3 billion under management, AV is the most active venture capital firm in Texas, and one of the most established in the nation. With a focus on business services, information services, computer and communications hardware, and enterprise software, Austin Ventures invests at all stages of company development, from $100,000 "planned experiments" to $50+ million investments in management buyouts. Visit www.austinventures.com for more information. |
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