November 8, 2000
Woodside Fund Forms Strategic
Partnership With Acuitive, Inc.
Which Enriches Portfolio Companies’ Strategic Development
Woodside, CA -- Woodside Fund (www.woodsidefund.com),
a leading early stage venture capital firm announces a partnership
with Acuitive (www.acuitive.com),
a consulting firm that provides strategic management and technical
services for early stage telecommunications and networking ventures.
Woodside Fund anticipates significant benefits from the partnership
for its portfolio companies. According to Daniel Ahn, Principal,
Woodside Fund, “The partnership with Acuitive is a key strategic
resource and differentiator for Woodside Fund and its portfolio companies.”
Woodside Fund will make the domain expertise and extensive high
level contacts of Acuitive available to its portfolio companies.
Acuitive will accelerate the development of Woodside Fund’s early
stage companies in a number of ways, including: identifying market
and customer requirements, defining market and product strategy,
and guiding engineering and strategic development. “We
are delighted to work with such a talented and experienced group
of people. Particularly in how they will expand our fund’s
capabilities and accelerate the development of portfolio companies
in the IP Infrastructure area,” said Daniel Ahn.
Acuitive will also join Woodside Fund’s Technical Advisory Board,
whose role is to explore future investment trends and opportunities.
Acuitive brings to the Board deep domain expertise in IP/infrastructure
and telecommunications. Acuitive will also perform high level
technical and market due diligence on Woodside Fund’s prospective investments.
Bob Larson, Managing Director of Woodside Fund remarked, “While
Mark Hoover, President of Acuitive was a technical advisor to HotRail
a Woodside Fund portfolio company, he was instrumental in successfully
redirecting the technical development toward a networking application.
His expertise benefited both Woodside Fund and HotRail. We
are looking forward to more success stories like HotRail, with Acuitive.”
About Woodside Fund, Mark Hoover, President of Acuitive said,
“We appreciate Woodside Fund’s tenacious entrepreneurial spirit.
They roll up their sleeves and work hand in hand with their portfolio
companies. Their style and expertise is highly compatible
with our own.”
As a startup accelerator founded in 1997, Acuitive provides broad
expertise to help take great ideas from inception to market in the
shortest possible time. Acuitive consultants have co-founded
a number of companies, and their track record for accelerating dozens
of premier companies includes: Alteon Websystems (acquired by Nortel
Networks in 2000) and StratumOne Communications (acquired by Cisco
Systems in 1999). In addition to consulting, Acuitive researches
and publishes reports, and frequently speaks at industry events
on emerging technologies in order to educate and stimulate market development.
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.