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March 08, 2004

Woodside Fund Closes Fund V

Veteran, Early-Stage Venture Capital Firm Celebrates 20th Anniversary

Monday, March 8, 2004 – Redwood Shores, CA - Woodside Fund, an early-stage venture capital firm, today announced the formation and final close of Woodside Fund V, L.P., a new equity fund capitalized at $146 million. A strong majority of the existing investor base participated in the oversubscribed fund. With the creation of this Fund, Woodside Fund’s total capital under active management exceeds $330 million. Woodside has a strong track record of investment successes, with IPOs including AccelGraphics, Innova Corporation, and InterTrust Technologies and healthy returns on acquisitions such as HotRail and Convoy.

Woodside plans to make 15 to 20 investments over the life of the Fund, with total investments ranging from $5 million to $15 million per company. Consistent with the focus of the firm’s prior funds, Woodside V will continue to invest in West Coast-based, early-stage technology companies in the enterprise software, fabless semiconductor and networking infrastructure sectors. Typically the lead investor, Woodside Fund has board representation in over 90% of its portfolio companies.

“Over the past 20 years Woodside’s disciplined investment strategy and team approach have helped us secure investments in promising companies at attractive valuations. Our fund size allows us to stick to our roots of providing the type of hands-on support entrepreneurs expect from Woodside,” said Vincent M. Occhipinti.

Since 1983, Woodside Fund has benefited from the continuity and extensive founder, operating, and investment experience of its nine-member investment team. Prior to joining Woodside Fund, six investment team members had founded, built, and successfully exited technology companies. Fund V is managed by Managing Directors Vincent M. Occhipinti, Robert E. Larson, Daniel H. Ahn, and John C. Occhipinti; Partner Thomas A. Shields; and Venture Partner Rick Shriner.
“ Woodside Fund was founded on a fundamental principle - to build equal partnerships with entrepreneurs. We treat our entrepreneurs as we would like to be treated ourselves, and as a result we have built strong, lasting relationships with outstanding entrepreneurs and created a broad testimonial base in the entrepreneurial community overall,” said, Daniel H. Ahn.

The Fund will be celebrating its 20th Anniversary with its entrepreneurs and investors on Thursday, March 11, 2004, at its headquarters in Redwood Shores, California. If you are interested in hearing more about this invitation-only event, please contact The Blueshirt Group at 415-217-7722.

About Woodside Fund
Woodside Fund is a leading venture capital firm that excels in developing seed- and early-stage technology companies. Founded in 1983, the Fund attributes its long record of success to the high value it places on building productive partnerships with entrepreneurs, other investors and service providers. Typically a lead investor, Woodside Fund invests from $5 million to $15 million in early-stage enterprise software, fabless semiconductor and network infrastructure companies located on the West Coast. Woodside Fund has more than $330 million in capital under active management. For more information, go to www.woodsidefund.com.

 

For all press related questions or comments, please contact June Parina at june@blueshirtgroup.com
or phone 415.217.7722.

www.woodsidefund.com

 

                                      
 

 

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