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November 8, 2000

Woodside Fund Forms Strategic Partnership With Acuitive, Inc.

A Relationship 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 (www.hotrail.com), 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.”

About Acuitive

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.

 

www.woodsidefund.com
www.acuitive.com

 

                                      
 

 

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