Bob Davis to Join Highland Capital Partners as Venture Partner; Former Terra Lycos Executive Brings Deep Operating Experience to Highland and its Portfolio Companies.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Feb. 1, 2001 Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in , a venture capital firm focused on early stage investments, today announced that Bob Davis
Mr. Davis said, "I'm delighted to join Highland, which has established an outstanding record as one of the nation's top venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . I have enjoyed strong relationships with the firm's general partners and its portfolio companies, and am particularly attracted by Highland's entrepreneurial focus. This will be an opportunity to spend time working closely with entrepreneurs and to identify and evaluate my next business venture." Prior to joining Highland, Davis served as Chief Executive Officer of Terra Lycos and was responsible for all aspects of the company. He now serves as Vice Chairman of the Board for Terra Lycos. Prior to the combination of Terra and Lycos in October 2000, Davis was President and Chief Executive Officer of Lycos, Inc., and was the company's first employee in June 1995. Davis transformed Lycos from an Internet search engine to one of the most powerful Internet hubs and media companies worldwide. In less than four years, Davis led Lycos from a company with $2 million in venture capital to a multi-billion dollar business. Under his leadership, Lycos jumped from the fastest IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in NASDAQ history, a mere nine months from inception to offering, to a global Internet powerhouse and a member of the NASDAQ 100. "I have been privileged to know Bob for over fifteen years, particularly the last six years while at Lycos where we co-founded the company," said Dan Nova, Managing General Partner. "He has done a fantastic job growing the organization from a start-up to a public company with a multi-billion dollar market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . By mentoring entrepreneurs, serving on Boards of Directors and facilitating strategic partnerships and mergers and acquisitions, he will be a valuable asset to cultivating our portfolio companies into successful and enduring businesses." "We are excited that Bob is joining the Highland team," said Bob Higgins, Managing General Partner with Highland. "His extensive experience in successfully building and growing companies at all levels will be extraordinarily helpful in identifying, coaching, and growing Highland's portfolio companies from start-up to maturity." Davis will continue as Vice Chairman of the Board of Terra Lycos. He holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree, summa cum laude sum·ma cum lau·de adv. & adj. With the greatest honor. Used to express the highest academic distinction: graduated summa cum laude; a summa cum laude graduate. , from Northeastern University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , with high distinction, from Babson College. He recently received an honorary Doctorate of Commercial Sciences from Bentley College in May of 1999. Davis also serves on the Board of Directors of Boston College High School Founded in 1863, Boston College High School (also known as BC High) is an all-male Jesuit college preparatory secondary school with historical ties to Boston College. , The Greater Boston Chamber of Commerce, The Massachusetts Interactive Media Council and Navic Networks. About Highland Capital Partners Highland Capital Partners, founded in 1988, is a leading venture capital firm focused on building companies in the information technology, communications and medical markets. With over $1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , Highland has invested in and worked to create such firms as Altiga Networks, Ask Jeeves, Avid Technology, Be Free, CheckFree, eToys, GenVec, HighGround Systems, Lycos, Mainspring, MapQuest, NextCard, Ocular Networks, PRAECIS PHARMECEUTICALS, Sybase, Telica, WebLine Communications and Wit Capital. For additional information, visit the company's web site at www.hcp.com. |
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