Charles M.B. Goldman, Chase Capital Partners

Ronald D. Celmer, Constellation Ventures 

Daniel J. Schulz, Draper Fisher Jurvetson Gotham Ventures

Habib Kairouz, Rho Management

Kevin P. Mohan, Summit Partners


Dr. Jeff Feldman, Everest Broadband Networks

   

Chase Capital Partners

        Charles M.B. Goldman, Principal, Chase Capital Partners

        Prior to joining Chase Capital Partners, Mr. Goldman held positions with the Global Finance Department of Dillon, Read & Co., Inc., and the Consumer Long Distance Division of Sprint. Mr. Goldman holds a B.A. from the University of Pennsylvania, a B.S. from the Wharton School of the University of Pennsylvania and an M.B.A. from the Harvard Business School. Mr. Goldman currently sits on the board of directors of USA.net, iPacer Corporation, iWon and Tantau Software. Transactions Mr. Goldman has worked with include Triton PCS, TeleCorp PCS and ITXC.

        Chase Capital Partners (www.chasecapital.com) is a global private equity organization which provides equity and mezzanine capital financing to private and public companies. We invest throughout the entire life cycle of the business development process. Our investment mandate permits maximum flexibility in supporting the equity needs of businesses worldwide. With over 170 investment professionals, CCP has invested directly in over 25 countries through our seven offices and over 30 strategic relationships including Access Technology Partners, an affiliate of Chase H&Q. CCP currently manages a $20 billion portfolio which includes 689 direct equity and mezzanine investments, investments in other funds, and our buyside asset management groups, Chase Alternative Asset Management, Inc. and Octagon Credit Investors. Chase Alternative Asset Management, Inc. manages over $2 billion in alternative investment products including hedge funds, managed futures and private equity fund of funds. Octagon Credit Investors focuses on investing in the leveraged loan and high yield bond markets. CCP strives to be management's partner of choice. Our extensive global network of strategic relationships complements our existing base of investment professionals. These relationships, combined with the broad array of management partners' expertise, provide CCP with unparalleled knowledge, experience and resources for considering investments in a wide variety of industries and geographic regions. CCP complements management in their pursuit to expand globally, consolidate industries, enhance technology, access financing markets in the most efficient manner and build and maintain top personnel.  Since our inception in 1984, CCP has closed more than 950 direct equity and mezzanine transactions. Realized investments of this type have generated capital gains with internal rates of return in excess of 40%. CCP's diversified portfolio includes board seats in over 220 companies. CCP is not only one of the largest providers of private equity and mezzanine, but is viewed as a key strategic partner.

        CCP's primary limited partner is The Chase Manhattan Corporation ("Chase"),  one of the nation's largest banking holding companies with approximately $406 billion in assets. This evergreen source of capital provides CCP with an unparalleled flexibility in structuring and closing a wide variety of transactions. Chase Capital Partners' affiliation with Chase provides a number of competitive advantages ranging from additional deal flow to industry expertise. Through this partnership, CCP is well positioned to adapt to changes and opportunities in the marketplace.

For more information,  visit www.chasecapital.com.


Constellation Ventures

        Ronald D. Celmer, General Partner, Constellation Ventures 

        Ronald D. Celmer, a Constellation Ventures  (www.constellationventures.com) General Partner and a Bear Stearns Managing Director, is responsible for sourcing, structuring, monitoring and exiting investments for Constellation Ventures Limited Partnership.  Mr. Celmer brings sixteen years of technology venture capital, directorship, operating management and financial experience to the Partnership. From January 1998 through October 1998, Mr. Celmer served as President of AirMedia where he was responsible for developing strategic direction and managing day-to-day operations.  AirMedia is a New York City-based, venture capital-backed, pioneer in the wireless data market.  AirMedia created the first product to transmit real-time business news, stock quotes and e-mail using the paging network to a desktop computer or PCS phone.  From December 1993 through February 1998, Mr. Celmer served as General Partner of Prospect Street Ventures where he invested in early-stage technology companies. Mr. Celmer led or participated in seven transactions including 24/7 Media, Comet Systems, and Systron.  During this period, Mr. Celmer served on the board of nine technology companies and was named as one of the “Top 25 Shapers of the Silicon Alley” by Crain’s New York Business.  From June 1987 through December 1993, Mr. Celmer was a Managing Director and General Partner at Ardshiel, a New York-based private equity fund.  While at Ardshiel, Mr. Celmer was involved with seven principal transactions and ten agency transactions, aggregating over $1.5 billion in total transaction value.  Mr. Celmer played a key role in several portfolio companies, acting as interim President or CFO for periods lasting up to six months.  During this period of time, Mr. Celmer served on the boards of four companies, including The Company Store and Scandia Down.  From May 1985 through June 1987, Mr. Celmer was a Securities Analyst at Value Line Investment Management in the small-capitalization asset management department.  Mr. Celmer made recommendations for a $450 million portfolio investing in under $100 million capitalization software and telecommunications companies.

        Mr. Celmer earned Bachelors degrees in Economics and Psychology from the University of Pennsylvania.  He has been designated as a Certified Turnaround Professional.  He is a member of the New York New Media Association and has spoken at the Comdex Venture Forum in 1997 regarding “Emerging Trends in Technology Venture Capital.”

For more information, visit www.constellationventures.com.


Draper Fisher Jurvetson Gotham Ventures

         Daniel J. Schulz, Managing Partner, Draper Fisher Jurvetson Gotham

         Daniel J. Schultz is a Managing Partner and co-Founder of Draper Fisher Jurvetson Gotham Ventures (www.dfjgotham.com) based in New York City. Previously, Danny held various senior equity positions with Lehman Brothers in both New York and London. Danny was Head of Equity Private Placements at Lehman Brothers, where he spearheaded a dramatic increase in the firm’s venture capital financings raising over $300 million for a variety of Internet, software, new media, information services and healthcare companies. He was also a senior equity capital markets banker at Lehman Brothers responsible for emerging growth companies. His clients have included America Online, Comverse Technology and Gilat Satellite. Danny is a member of the Board of Directors of WayBid.com and a Board observer of XOSoft.com. He has also previously invested in several East Coast venture-stage technology companies including SMARTS, Passlogix and Active Impulse Systems. Danny is a member of the Investment Committee of the endowment fund of the American Friends of The Hebrew University and is the Assistant Treasurer for the group. He graduated from Columbia University where he received his A.B. in Economics. Danny and his wife Jennifer have a son named Jackson.      

Investment Strategy

Located in the heart of Silicon Alley is Draper Fisher Jurvetson Gotham Ventures (www.dfjgotham.com). Our focus is on early-stage IT companies in the following areas: Internet and Internet technology, broadband and wireless communications, networking infrastructure and solutions, enterprise software and IT services. The primary location for our investments is the East Coast, in particular New York and the surrounding regions. We also invest in Israeli venture-stage IT companies, which are increasingly relocating to the East Coast. Our ideal investments are in companies run by entrepreneurs with a "can’t lose" attitude. We typically invest $1-5 million in a company initially and reserve sufficient capital for follow on investments. We prefer huge markets or markets entering a hyper-growth phase. We look for the market leaders with breakthrough solutions or approaches to fundamental market needs.

Investment Approach

DFJ Gotham takes an active role in each company in which we invest. Our partners take board seats and use their extensive operating and financial experience to guide our young companies towards success in developing products and business strategies, raising money, hiring key executives and ultimately in creating enduring value.  We work very closely with all of the partners at DFJ as well as with the other funds within the network. The DFJ network of funds benefits our portfolio companies by providing them with the opportunity to form valuable strategic relationships with other DFJ portfolio companies (over 250 and growing). In addition, our limited partners include some of the most successful technology entrepreneurs, technology companies and financial institutions from across the US as well as Continental Europe, Israel, and Japan. The global network of these limited partners also benefits our portfolio companies.  We believe that there is a never-ending supply of talent, ideas, and visionaries in this region and our desire is to become not only the #1 source for funding, but also for assistance and counsel in creating successful businesses.

Email Daniel J. Schulz at danny@dfjgotham.com

For more information, visit www.dfjgotham.com.


Rho Management 
      
        Habib Kairouz, Managing Director, Rho Management

        Mr. Kairouz is a Managing Director of Rho Management. Prior to joining Rho in 1993, Mr. Kairouz had five years of investment banking and leveraged buyout experience in New York with Reich & Co. and Jesup & Lamont. Mr. Kairouz received an M.B.A. from Columbia University.  His current and recent board seats include AnswerSoft, Carparts.com, eLogo, iVillage, more.com, musicmaker.com, streetmail.com, Tripod and Yantra.  

        Rho Management Company, Inc. (www.rhomanagement.com) ("Rho") is an international asset management firm based in New York. Founded in 1981, Rho manages the assets of wealthy families on a global basis. Rho seeks to diversify its assets under management, first by geographic location and then, more specifically, by industry, currency, and investment medium. Rho's primary investment focus for its core clients is on long-term wealth expansion. Rho's primary long-term investing activities include venture capital, private equity funds and real estate. Rho's short and medium-term investment and trading activities include equities, fixed income, currencies and futures and options.

        Since its inception, Rho has been an active participant in the U.S. venture capital sector, investing both through leading venture funds and directly in venture companies. Direct venture investments have included such companies as Ciena, Commerce One, Compaq Computer, Copper Mountain, Diversa, Human Genome Sciences, iVillage, MedImmune and Via.Networks.  Aggregate capital under Rho's management in the venture capital arena exceeds $500 million. 

        Rho Fund Investors (the "Fund") seeks to identify and commit capital to best of class private equity managers in venture capital, buy-outs and special situations, including distressed debts and turnarounds. The Fund currently manages in excess of $500 million in commitments and targets $100-150 million in new commitments annually. The Fund's strategy is to invest on a global basis with at least 50% of the commitments to be made in the US and over 20% in Europe. Investments in other regions are considered on an opportunistic basis. Currently, we are particularly interested in managers with an operational or specific industry focus.

        Gordon Hargraves, Vice President of Rho, is responsible for coordinating the Fund's activities. Additionally, Joshua Ruch, CEO of Rho and Habib Kairouz, Managing Director, work closely with Mr. Hargraves and serve on the Fund's Investment Committee. Robert Osterrieth, co-founder of Rho and currently Chairman of Omega Investments in Europe, also serves on the Investment Committee and helps coordinate the Fund's activities in Europe.

For more information, visit www.rhomanagement.com.


Summit Partners

        Kevin P. Mohan, General Partner, Summit Partners 

        Kevin began his career in private equity in 1986 at the Harvard Management Company and joined Summit Partners in 1994 after several years at McKinsey & Company in New York.  Kevin has led over $125 million of investments for Summit in software, services, and communications companies, including CallTech Communications, Intelligroup, Logical Design Solutions, Martin and Associates, MIND, Paragon, and Triton Systems.  Kevin graduated from Harvard College, Harvard Law School, and Harvard Business School.    

        Since its founding in 1984, Summit Partners (www.summitparrtners.com) has been one of the fastest growing investment firms in the country. We have financed over 205 successful young companies. We have provided the valuable strategic assistance, analytical resources, and the financial support that helped those companies achieve leadership positions within their industries. Over the past five years we have been actively involved in 41 IPOs, 16 follow-on offerings and we have assisted our portfolio companies in over 35 mergers and acquisitions. In 1999, we celebrated 15 years of great professionalism, exceptional performance, and continued success.

        Today, we have a capital base of over $3.0 billion, including equity and subordinated debt, and a hedge fund with over $900 million in assets. Our principal investors are Fortune 500 corporations, pension funds, university endowments, financial institutions, and previously financed Summit entrepreneurs.

For more information, visit www.summitparrtners.com.


Everest Broadband Networks 

        Jeffrey A. Feldman, Ph. D., President & CEO, Everest Broadband Networks 

        Jeffrey has been instrumental in driving the formation and operation of  Everest Broadband Networks (www.everestbroadband.com) since inception in late 1999. He launched the company from Pequot Capital Management where he was a Senior Vice President of the firm and a member of the General Partner in Pequot’s venture fund.   Dr. Feldman joined the Pequot family of funds in 1998, coming from Digital Media Capital, LLC, where he led investments in Critcicl Pth and Sandpiper Networks. He has been active in early stage investments in the communications sector, specifically those that target ISP’s, telecommunications carriers and other broadband services providers. He has also been involved in Pequot’s private equity investments, including Alidian Networks, Arrowpoint Communications, Elastic Networks, Ennovate Networks, Millenium Optical Networks, Sycamore Networks and Tellium.  Dr. Feldman received his B.S. and Ph. D. from the University of Connecticut and his MBA from the Yale School of  Management.

        Everest Broadband Networks (www.everestbroadband.com) brings advanced telecommunications services - primarily high-speed Internet, Internet applications, and telephone and video services - to occupants of business and residential multi-tenant buildings and to hotel properties.  Everest's three primary markets are commercial buildings (office and residential) and hotel properties. Within these markets, Everest has targeted the small to mid-sized businesses, general multiple dwelling units and hotel properties focused on the business traveler. Flexible, "technology agnostic" solutions for high-speed access combined with a comprehensive package of value-added applications and superior "One Call" Customer Care. Everest's key technology partnerships with leading equipment vendors such as Cisco and Elastic Networks allow us to choose from an extensive array of products in order to build a cost-effective solution that best suits the size, layout, and infrastructure of each individual building. These technology partnerships not only allow us to remain technology agnostic, they keep us at the forefront of future innovation.

For more information, visit www.everestbroadband.com.