November 4, 1999
Woodside Fund’s Investment in DMIC
Powers Performance of Woodside Fund Partnerships
Woodside CA -- Woodside Fund, a leading venture capital firm in
Northern California has completed the distribution of shares in
Digital Microwave Corporation (DMIC). On October 6, 1999, DMIC had
a market capitalization of over $1 billion, with the market value
of Woodside Fund partnerships’ holdings in excess of $40 million.
DMIC is the world’s largest independent manufacturer of wireless
telecommunication infrastructure products. In the third quarter
of 1998, DMIC merged with a company that Woodside Fund co-founded
and developed, Innova Corporation. DMIC was attracted to Innova’s
digital millimeter wave radios that were considered the most advanced
in the industry, with the lowest manufacturing cost relative to
Woodside Fund has co-founded several successful companies in their
portfolio and has created a series of four early stage information
technology funds. Woodside Fund is a leading early stage venture
capital firm dedicated to building industry-leading information
technology enterprises, in partnership with exceptional entrepreneurs.
The investment professionals at Woodside Fund have decades of business
startup and management experience in information technology. This
enables the Fund to serve as the lead or co-lead investor in most
of its portfolio companies, and take an active role in building
stellar companies. Woodside Fund principals typically serve as board
members of the companies in which they invest.
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, invests between
$4 and $7 million in primarily early stage companies in the following
areas: Internet and electronic commerce, computer software, telecommunications,