April 30, 2001
Woodside Fund Further Expands
Investment Team with Venture Partner Tom Shields
Redwood Shores -- April 30, 2001 -- Woodside Fund has further
expanded its investment team with the addition of Tom Shields as
Venture Partner, the second such appointment this year. Tom
is a former entrepreneur who has been advising and investing in
technology ventures since 1998.
Tom brings extensive operating experience with over ten years
of software development history to Woodside Fund. Tom was
co-founder, VP of Engineering, then CTO of NetGravity, the leading
provider of application software for Internet advertising.
NetGravity had its initial public offering in 1998, and was acquired
by rival DoubleClick in 1999. A graduate of Harvard University
with an A.B. in Computer Science, Tom worked at Oracle as a development
manager, and was previously a member of two technology startups.
"After talking with many venture capital firms, I joined Woodside
Fund because I was impressed by their operating experience and their
disciplined investment approach," stated Mr. Shields. "I am looking
forward to using my technical background and early stage experience
to help entrepreneurs shape young companies for sustained success.
Woodside Fund has a long history of highly productive relationships
with both entrepreneur and investment communities."
Vincent Occhipinti, Managing Director and co-founder of Woodside
Fund said, "Tom's experience as a successful entrepreneur in software
and Internet based ventures is very compatible with our vision and
investment focus. We are all delighted to have Tom aboard."
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.
The firm has grown to four funds with over $225 million under management.
Woodside Fund's latest partnership, Woodside Fund IV, which had
its final close in March, 2000, invests between $5 and $12 million
in early stage ventures in Internet Protocol infrastructure and
e-Commerce infrastructure companies, and is focused on Northern
California and the West Coast. The Fund typically serves as the
lead or co-lead investor in its portfolio companies.