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.