Woodside Fund Further Expands Investment Team with Venture Partner Tom Shields

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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.

www.woodsidefund.com