Jonathan Barek Joins Telos Venture Partners as Principal for $140M Venture Capital Firm; Brings Decade of Experience in Venture Capital, Finance.Business Editors/High-Tech Writers PALO ALTO, Calif.--(BUSINESS WIRE)--May 12, 2003 Telos Venture Partners, a leading early-stage venture capital firm, today announced that Jonathan Barek has joined the firm as a Principal. In this role, he will evaluate investment opportunities for Telos Venture Partners II, which closed in late 2002, and will work closely with Telos portfolio companies. Barek began at Telos in April, and he currently has responsibility for Telos' investments in Intraspect Software, Softface, and Turin Networks. "Jonathan's venture capital experience makes him a 'glove fit' for Telos, since he understands the unique challenges of early-stage investing," explained Bruce Bourbon, Managing General Partner at Telos. "His personal style blends together a knack for insightful analysis with a supportive attitude. I am delighted to have Jonathan as part of the Telos team." Before joining Telos, Barek spent the previous year working on venture capital-related projects for Donald L. Lucas, a leading independent venture capitalist who is Chairman of Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Chairman of the Executive Committee of Oracle Corp., and a Board member for Macromedia, PDF Solutions, and several other companies. As part of this work, Barek served as an advisor to the Zhongguancun Science Park in Beijing. While in Beijing, he worked with executives at two local 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] and later authored a report on the current venture capital situation there. Previously, Barek spent three years at RWI RWI Rheinisch-Westfälisches Institut für Wirtschaftsforschung (Germany) RWI Raoul Wallenberg Institute RWI Recreational Water Illness RWI Rusty Wallace, Inc. Group, an early stage venture capital firm. While at RWI Group, Barek focused on software and semiconductor investments. He served as a Board observer or Board member for several investments including nQuire Software (sold to Siebel Systems; SEBL SEBL Siebel Systems, Inc. (stock abbreviation, AMEX) ) and SLP (Service Location Protocol) An IETF standard used to announce and discover services such as printers and file shares on an IP network. Apple used SLP prior to Mac OS 10.2, but migrated to its Bonjour technology. SLP is also used in SIP-based IP telephony applications. Infoware (sold to Gemplus; GEMP). Earlier in his career, Barek was an Associate in Hong Kong with the Project Finance Group of BA Asia Limited (a BankAmerica Company). Barek began his career as a Financial Analyst in investment banking at Bear, Stearns & Co. Inc. in New York. Barek holds an MBA from the MIT Sloan School of Management The MIT Sloan School of Management is one of the five schools of the Massachusetts Institute of Technology, located in Cambridge, Massachusetts, USA. It is one of the world's leading business schools, conducting research and teaching in finance, entrepreneurship, marketing, . He graduated 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. with 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 in Economics, concentrating in Finance. He also studied Chinese at Beijing University. "Despite the challenging marketplace, tremendous opportunities exist with early-stage technology companies," said Barek. "Having worked with Telos before as a co-investor, I have seen the value that the firm brings through closely working with entrepreneurs and management teams. I look forward to being part of the team at Telos and helping to build successful technology companies." About Telos Venture Partners Telos Venture Partners is a leading early-stage venture capital firm based in Silicon Valley with $140 million of capital under management. Primary areas of focus include software, semiconductors, and communications systems. Representative investments include AmmoCore Technology, Conduct Ltd. (sold to Mercury Interactive; MERQ MERQ Mercury Interactive Corp (stock symbol) ), Extricity (sold to Peregrine Systems; PRGN), Fyre Storm, iReady, KhiMetrics, nQuire Software (sold to Siebel Systems; SEBL), PDF Solutions (PDFS), and Turin Networks. For more information, please visit www.telosvp.com. |
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