Diamondhead Ventures' $135M Fund Accelerates Time-to-market for University Start-ups.Business Editors 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.--(BUSINESS WIRE)--October 25, 2000 Former Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. and Alpine Technology Ventures Co-Founder Lead Fund University start-ups building innovative information technologies now have a Venture Capital champion in Diamondhead Ventures LP (DhVen). DhVen is a $135 million fund that accelerates time-to-market for promising information technologies. DhVen provides three to five million dollars in early capital investments as well as hands-on consultation and resources from corporate partners Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Oracle Systems, HCL Technologies HCL Technologies is India’s 5th largest [2] and a leading global IT Services companies, providing software-led IT solutions, remote infrastructure management services and BPO. , Foxconn, Sonera and Fujitsu. DhVen's Advisory Board, which includes industry luminaries, as well as representatives from leading research universities, will provide entrepreneurs with critical business mentoring and key contacts. "University entrepreneurs need more than good technology and capital to succeed. They need the kind of business infrastructure, mentoring, industry contacts and IT resources that DhVen provides," said David Lane, Diamondhead Ventures' Managing Director. "We've optimally structured DhVen to provide the key resources our portfolio companies need to bridge the gap between technology prototyping and business market readiness." The DhVen Investment team is uniquely qualified for success in today's marketplace. DhVen investment team members average more than 14 years of venture capital investing experience. The investment team boasts more than 24 years of collective experience working at Stanford and Harvard universities. This unique combination of investment and university experience enables DhVen to accelerate the success of university entrepreneurs with promising information technology research. DhVen will primarily fund Internet and business-to-business infrastructure technologies emerging from leading research universities such as Stanford University, University of California at Berkeley (body, education) University of California at Berkeley - (UCB) See also Berzerkley, BSD. http://berkeley.edu/. Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. , University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission , California Institute of Technology California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. and Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . The fund will also actively seek promising technology generated within the commercial sector that compliments their university-based portfolio. Diamondhead Ventures' Global Corporate Partners and Resources Diamondhead portfolio companies benefit from DhVen's network of global corporate partners, committed to providing the IT resources and expertise required to accelerate the commercialization of technologies. DhVen's corporate partners include Sun Microsystems, Oracle Systems, HCL Technologies, Foxconn, Sonera and Fujitsu. DhVen's Advisory Board, comprised of 30 luminaries from the information technology industry and from higher education, includes executives from key high tech companies such as MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom, Oracle Corporation, Analog Devices, Sun Microsystems, SDL (Specification and Description Language) A modeling language used to describe real time systems. It is widely used to model state machines in the telecommunications, aviation, automotive and medical industries. , Intel, Redback and Vodafone Airtouch. "As an advisor and a corporate partner, I am able to bring both technology expertise and resources to entrepreneurs, accelerating their market success," said Greg Papadopoulos CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , Sun Microsystems. DhVen's FastTrack services will meet the unique needs of each company, providing customized IT access, development resources, legal, human resources, finance and marketing business services. The Diamondhead Difference DhVen is the first venture capital firm to focus on leading research universities as a source of rich deal flow and innovation. DhVen's blend of insight & domain expertise, spanning technologies and university cultures, uniquely positions DhVen to identify and capitalize on opportunities spinning out of the corporate sector or leading research universities. The team's successful university spin-offs include Mergent, ShockMarket, Ensim and LGC LGC Logistics (Contracting) LGC Local Government Commission LGC La Gloria Cubana (cigar) LGC Laboratory of the Government Chemist (UK) Wireless. Prior to joining DhVen, Managing Director Raman Khanna served as Stanford University's Chief Information Officer, where he was responsible for computing and communication services for the 30,000 users of the Stanford community. Managing Director David Lane co-founded Alpine Technology Ventures, a $72 million venture capital firm that builds early stage information technology companies. Prior to Alpine, David Lane led the management of Harvard's high technology venture portfolio -- part of Harvard's $7 billion endowment. "University faculty and students are a fertile source of information technology research. We understand that these entrepreneurs have special early-stage investment and business resource needs," said Managing Director Raman Khanna. "Our business savvy and deep understanding of university research cultures and practices uniquely positions DhVen to bring university technologies to market." About Diamondhead Ventures Diamondhead Ventures LP is an early-stage venture capital fund specializing in bringing to market information technologies developed in leading research universities. The Fund, headquartered in Menlo Park, CA, focuses on Internet infrastructure and business-to-business technologies. For more information, visit www.dhven.com |
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