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January 29, 2001

Woodside Fund Expands Team with New Venture Partner Rick Shriner

Redwood Shores, CA -- January 29, 2001 -- Woodside Fund, an early stage venture capital firm, has expanded its  team with the addition of Rick Shriner as Venture Partner. Drawing on 30 years of personal experience developing technology and new businesses, Rick will focus on accelerating Woodside Fund portfolio companies in their early stages of development. Rick will also identify new investment opportunities for the Fund.

I am very pleased to be working with Woodside Fund as a Venture Partner, stated Rick Shriner. I had the good fortune to get to know Woodside Fund when I was an entrepreneur building a company that was funded by them. Woodside Fund s strength is the way in which they contribute to the success of a company by building a strong partnership with the management team.   Rick added, I also like the careful way Woodside Fund selects their investments. They have a formula that works.

We couldn't be more delighted than to have Rick Shriner as a member of our team. Rick has a very creative perspective that complements our entrepreneurial-driven focus, remarked Robert Larson, Managing Director and co-founder of Woodside Fund.

As CEO of HotRail, Rick took the telecommunications infrastructure IC company from startup through acquisition by Conexant, securing $34.5 million in funding along the way. Prior to HotRail, Rick was President & CEO of Exponential Technologies, a semiconductor startup that won the MacWorld Magazine Most Promising Technology Award under his direction. Previously, he was Vice President of Core Technologies at Apple Computer where he led Apple's Power PC/RISC technology development efforts and QuickTime Conferencing. Rick also held executive positions with Intel, Wang & Motorola.

About Woodside Fund

Founded in 1983, Woodside Fund has one of the longest and strongest track records of success in early stage venture capital investing. All Woodside Funds have performed in the upper quartile of the industry for venture capital partnerships formed in their respective years. Woodside Fund's latest partnership, Woodside Fund IV, which had its final close in April, invests between $5 and $10 million in early stage ventures in Internet and electronic commerce, computer software, telecommunications, and networking, located in Northern and Central California. The Fund serves as the lead or co-lead investor in most of its portfolio companies.

 

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