Charles River Ventures Announces the Addition of New Entrepreneurs in Residence.Business/Technology Editors WALTHAM, Mass.--(BUSINESS WIRE)--July 16, 2001 Industry Veterans and Serial Entrepreneurs from Cisco and Inktomi Join CRV CRV Curve CRV Crew Return Vehicle (NASA) CRV California Redemption Value CRV Cassa Di Risparmio Di Vignola (Italian bank) CRV Call Reference Value (telecommunications) Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures (CRV), one of the nation's leading early-stage 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] , today announced that two industry veterans have joined CRV as entrepreneurs in residence. Hailing from Inktomi and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , both Swapnil Shah and Robert Weinberger bring proven track records as highly successful serial entrepreneurs. As entrepreneurs in residence, Shah and Weinberger will help CRV expand its investments in data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and the software and services sectors by working with the investing partners to evaluate and initiate new deals. They will also focus on identifying new market opportunities for their own new ventures. "CRV continues to be bullish about technology investing and we're dedicated to providing the support that is crucial for entrepreneurs who are creating the category leaders of tomorrow. We understand that developing the next big idea takes more than money. It requires in-depth market research and collaboration with key industry players," said Bruce Sachs, general partner for Charles River Ventures. "Both Swapnil and Bob have proven their expertise in key operating roles at start-ups and established technology companies alike. They understand customer needs, as well as emerging technology, and we're enthusiastic about helping them discover their next start-up endeavors." Shah comes to CRV from Inktomi where he founded and built the Wireless Division and served as the chief strategist. Shah was previously the founder and vice president of product strategy at WebSpective Software, which was acquired by Inktomi in October 1999. Shah also served as director of product management and was among the original employees at Open Environment Corporation, which went public in 1995 and was subsequently acquired by Borland International. Prior to joining Open Environment, Shah spent two years as a consultant with Cambridge Technology Group. Shah has a BS in Mechanical and Aerospace Engineering from Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. . Weinberger joins CRV with more than 24 years of experience in the computer software and systems industry. He was director of marketing for the Cisco's Internet Communications Software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems Group where he helped develop Cisco's software strategy. He joined Cisco through its acquisition of WebLine Communications, where he served as vice president of marketing. Prior to WebLine, Weinberger was the vice president of marketing for Internet commerce pioneer Open Market, Inc. where he was instrumental in the company's highly successful 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. . He also spent twelve years in senior marketing positions at Hewlett Packard's Workstation Systems Group and Apollo Computer (company) Apollo Computer - A company making workstations often used for CAD. From 1980 to 1987, Apollo were the largest manufacturer of network workstations. Apollo workstations ran Aegis, a proprietary operating system with a Posix-compliant Unix alternative frontend. . Weinberger holds a BS in Mathematics from Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute, at Troy, N.Y.; coeducational; founded and opened 1824 as Rensselaer School; chartered 1826. It was called Rensselaer Institute from 1837 to 1861. and an MS in Computer Science from the University of Massachusetts The system includes UMass Amherst, UMass Boston, UMass Dartmouth (affiliated with Cape Cod Community College), UMass Lowell, and the UMass Medical School. It also has an online school called UMassOnline. . About Charles River Ventures Founded in 1970, Charles River Ventures is one of the nation's leading early-stage venture capital firms, dedicated to discovering and guiding the companies that are defining the new economy. Charles River Ventures goes beyond the traditional venture model to provide entrepreneurs with the intellectual capital and business connections needed to create category leaders. Through CRVelocity, Charles River provides entrepreneurs with a complete suite of strategic and operational services designed to help them accelerate their visions. Over the past 10 years, Charles River funds have been ranked among the industry's top performers. This superior investment record includes leading companies such as Cascade, Chipcom, CIENA, iBasis, Sonus Networks, SpeechWorks International and Vignette. Charles River Ventures has offices in Boston, MA and Menlo Park, CA and is available online at www.crv.com. Note: Charles River Ventures and CRVelocity are service marks of Charles River Ventures, Inc. Other company and product names may be service marks of the respective companies with which they are associated. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion