NVCA to Honor Venture Capital Leaders for Lifetime Achievement, Outstanding Service and Philanthropic Activities New NVCA Directors Also Elected.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--April 5, 2000

The National Venture Capital Association (NVCA) today will honor five individuals from the venture capital community at the 2000 NVCA Annual Meeting for significant lifetime accomplishments and dedication to strengthening America's competitiveness.

The Lifetime Achievement Award, Outstanding Service Award and American Spirit Award recognize members who helped build the venture capital industry, set a consistent standard of excellence, dedicate substantial time and resources to furthering Association efforts, and provide philanthropic leadership.

The late Stanley C. Golder, a founding partner of Golder, Thomas, Cressey, Rauner Inc.; Burton J. McMurty, general partner of Technology Venture Investors; and Reid W. Dennis, Institutional Venture Partners, will be honored with the Lifetime Achievement in Venture Capital Award. Established in 1998, the award recognizes venture professionals who, through a lifetime of dedicated service, have played an instrumental role in the growth of the venture capital industry and the success of entrepreneurial companies. Each of the honorees founded several prominent venture capital organizations.

John Doerr, partner at Kleiner, Perkins, Caufield and Byers and founder of the Technology Network, will be honored with the NVCA Outstanding Service Award. This award highlights the extraordinary commitment of an NVCA member who has helped engage the industry in public policy and raised the visibility of the VC community's contribution to U.S. businesses. Doerr will be specifically recognized for mobilizing the VC community to defeat detrimental legislation and for helping NVCA protect the industry's future by enacting uniform standards legislation.

Martin J. Koldyke, founder of Frontenac, will receive the American Spirit Award. Created in 1999, the award honors NVCA members for philanthropic leadership. Koldyke is a significant contributor in several educational, civic and philanthropic endeavors and serves as a trustee of several organizations, including the Golden Apple Foundation, which he founded, and Launch, an academy for new Chicago Public School Principals.

"These outstanding individuals exemplify the leadership and expertise the venture capital industry most values," said John Martinson, NVCA Chairman and managing partner of The Edison Venture Funds. "These honorees were instrumental in building many successful businesses and creating several charitable organizations."

Five NVCA Directors were also named at the Annual Meeting. The new Directors are James Cavanaugh of Health Care Ventures, Patrick Hopf of St. Paul Ventures, John Huntz of Fuqua Ventures, Robert Keith of TL Ventures and Anthony Sun of Venrock Associates.

The National Venture Capital Association (NVCA) represents over 360 venture capital and private equity firms. NVCA's mission is to foster the understanding of the importance of venture capital to the vitality of the U.S. and global economies, to stimulate the flow of equity capital to emerging growth companies by representing the public policy interests of the venture capital and private equity communities at all levels of government, to maintain high professional standards, facilitate networking opportunities and to provide research data and professional development for its members. NVCA's affiliate, the American Entrepreneurs for Economic Growth (AEEG), is the largest nationwide network of emerging growth companies focusing on public policy affecting fast growth enterprises. AEEG represents over 14,000 CEOs of emerging growth companies.