Draper Fisher Jurvetson ePlanet Ventures Announces Promotions in Their Asia-Pacific Operations.

Business Editors

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Nov. 30, 2000

Draper Fisher Jurvetson ePlanet Ventures ("ePlanet"), the global investment arm of leading Silicon Valley, California based venture capital firm Draper Fisher Jurvetson (www.dfj.com), announced today the promotion of Dr. Finian Tan to head the group's Asia-Pacific operations. Dr. Tan was formerly a Partner in ePlanet's Singapore office and co-head of Asia. Draper Fisher Jurvetson ePlanet Ventures Managing Director Mr. Asad Jamal commented, "Dr. Tan's promotion is an indication of our long-term commitment to the Asia-Pacific region. Dr. Tan brings with him a wealth of local experience, relationships, and technology expertise to entrepreneurs and our portfolio companies, and will be a key driver in ePlanet's success in Asia." Mr. Jamal further added, "we currently have two offices in the Asia-Pacific region, Hong Kong and Singapore. Due to the window of opportunity offered by the recent technology market corrections, we will be adding further Asia-Pacific offices in Tokyo, Beijing, and Mumbai next year."

Prior to joining Draper Fisher Jurvetson ePlanet, Dr. Finian Tan was the Executive Deputy Chairman for the National Science and Technology Board ("NSTB") of Singapore, which, among other things, co-manages a $1 billion Technopreneurship Investment Fund. Prior to becoming Executive Deputy Chairman of the NSTB, Dr. Tan was Deputy Secretary of the Singapore Ministry of Trade and Industry from 1997 to 1999. Dr. Tan served as Regional Director and Overall head of Asian Operations at J. Aron & Co., in both Singapore and London. Dr. Tan received a Doctor of Philosophy and Master of Philosophy in Engineering from Cambridge University, and a B.S. degree in Engineering from the University of Glasgow, where he was the Glasgow Engineer's medal winner for the most distinguished graduate. Simultaneously with the promotion of Dr. Tan, ePlanet is also delighted to announce that Mr. Jixun Foo is promoted to Senior Associate, and will assist in management of the firm's Greater China operations, and Mr. Yozo Kaneko, Analyst, will assist Dr. Tan in Japan.

Mr. Foo joined ePlanet from the National Science and Technology Board of Singapore, where he was a Manager in the Finance and Investment Division.

While at the NSTB, Mr. Foo focused on making investments in venture capital funds and assisting early stage technology companies. Previously, Mr. Foo was Project Group Leader with the Asia Peripheral Division of Hewlett Packard in Singapore. Mr. Foo holds a B. Eng. (First Class) degree and a M.Sc. in Management of Technology from the National University of Singapore.

Mr. Kaneko recently joined ePlanet as an Analyst on the Asian Pacific venture team. Previously, Mr. Kaneko was with Hikari Tsushin Capital, an Asian venture capital firm located in Singapore. At Hikari Tsushin, Mr. Kaneko conducted due diligence on and negotiated and structured several venture capital transactions, including Stratech Systems, Wizoffice.com, Equario and Sinohomo.com. Mr. Kaneko was also responsible for establishing a branch office of Hikari Tsushin capital in Singapore. Previously, Mr. Kaneko was with Lehman Brothers in Tokyo as an analyst in the Capital markets Group. While with Lehman Brothers, Mr. Kaneko handled equity and debt offerings, including Bank of Tokyo-Mitsubishi's subordinated debt offering. Mr. Kaneko holds a B.A. in policy management with a concentration on financial management from Keio University.

Meanwhile, Mr. David Williams, formerly the Hong-Kong-based ePlanet Asia Pacific Partner, has resigned this month, to pursue interests within the investment banking industry.