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EXECUTIVE CHANGES FOR Wednesday, October 24, 2001
	EXECUTIVE SEARCHES
* VP OF SALES-SF BAY AREA
* MANAGING DIRECTOR-DENVER, CO
* GENERAL PARTNER-SAN DIEGO
	

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December 3 & 4, 2001 



TOP MANAGEMENT
* Electronic Delivery Firm PostX Names Seashols as CEO
* MusicNet Appoints Alan McGlade as First President and CEO
* Dorado Names President, CEO, and Chairman
* Eisenworld Names Zee Aganovic CEO and President
* CustomerLink Names Walt Samuelson as Pres & CEO
* Entertainment Tech Firm Trilogy Adds Ex-nVision Chief as CEO

VC PERSONNEL
* HarbourVest Partners Promotes Eight Investment Members
* IVP Names Managing Director, Principal for $225M IVP X
* Terry Garnett Rejoins Venrock Associates as General Partner
* DB Capital Names Charles Flynn as Head of Fund Investing 
* Boston Millennia Names Robert Mashal Life Science Partner
* Brentwood Associates Names Tom Davin as Operating Partner

MARKETING & SALES
* PhotonEx Adds VP of Sales, Promotes VP, Global Solutions
* Vericept Adds iPlanet Exec Jeff Carr as VP of Sales
* FirstRain Expands Management Team

OPERATIONS
* Yantra Adds Jeffrey Murphy as SVP, North American Operations
* Pihana Pacific Names Vincent Madsen as VP of Operations

FINANCE
* Iridium Satellite Names Christopher Rowe CFO

TECHNOLOGY
* Orbis Online Names Mike Dillard CIO
* UGO Networks Names Robert Iadanza CTO

OTHER
* Broadband Firm MegaPath Networks Adds Two to Team
* College Publisher Names Two New Executives

VW PEOPLE CORRECTIONS
* Apexon
* Anark

TOP MANAGEMENT


* Electronic Delivery Firm PostX Names Seashols as CEO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=QHHLHJNMII> 	
CUPERTINO, CALIF. -- PostX, a provider of electronic delivery of confidential documents to desktops, said it appointed Mike Seashols as CEO and president. 

Mr. Seashols has replaced founder R.C. Venkatraman, who has become chief strategy officer.

Mr Seashols has previously served as chief executive of Documentum, Evolve, and Versant and a senior sales and marketing executive at companies including Oracle, Ingres, and IBM.

PostX has received funding from Mayfield Fund and Alloy Ventures. 
<http://www.postx.com> 	

* MusicNet Appoints Alan McGlade as First President and CEO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=QNINIIMMII> 	
NEW YORK -- MusicNet, a label distribution platform for streaming and downloading music, said Alan McGlade has joined the company as its first president and CEO. 

Mr. McGlade, 46, who previously served as president and CEO of The Box Music Network, will also join the company's eight member board of directors. He was introduced to MusicNet through executive search firm Heidrich & Struggles, along with personal contacts within the company. 

Rob Glaser, founder and CEO of RealNetworks, was the acting CEO of MusicNet and will remain chairman of MusicNet's board. 

MusicNet also said it will move its headquarters to New York where Mr. McGlade will build its executive team. The technology development and operations teams will remain in Seattle. 

MusicNet is backed by RealNetworks, AOL Time Warner, EMI Group, and Bertelsmann.
<http://www.musicnet.com> 	

* Dorado Names President, CEO, and Chairman	top   mail <http://people.venturewire.com/o_mailer.asp?sid=MJHJLQJMII> 	
SAN MATEO, CALIF. -- Dorado, a provider of demand chain management services for financial institutions, said it has appointed founder Dain Ehring, to chief executive officer, while Joseph W. Jennings, Dorado COO, has been promoted to president. The company also said Erwin Lenowitz, a Dorado board member and investor, has been elected as chairman of the board. 

Thomas Lounibos, who joined Dorado from
Crosspoint Venture Partners, has resigned as president and CEO, but will remain a member of the board.

The company received $25 million in Series C funding in February. Backers include Crosspoint Venture Partners, Palomar Ventures, and Oasis Ventures. 
<http://www.dorado.com> 	

* Eisenworld Names Zee Aganovic CEO and President	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LPLLHMLMII> 	
SUNRISE, FLA. -- Eisenworld, a developer of system transfer technology that enables software, files, and personalized operating systems to be transferred from one PC to another, said it has appointed Zee Aganovic as director, president, and CEO.

Mr. Aganovic replaces company co-founder and CEO Eiko Eisen, who retains a seat on the board. Prior to Eisenworld, Mr. Aganovic served as president and CEO at Cylex Systems and as vice president of technologies and operations at A-Tech Group.

Eisenworld is backed by $7 million from Granville Baird Capital Partners. 
<http://www.eisenworld.com> 	

* CustomerLink Names Walt Samuelson as Pres & CEO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IPHJINNMII> 	
ROSEVILLE, CALIF. -- CustomerLink Systems, a customer management and marketing applications firm for the automotive industry, said it has appointed Walt Samuelson president, CEO, and director. 

Mr. Samuelson replaces Jeff Cooke, who joined the firm last October and departed in August. Mr. Samuelson was introduced to CustomerLink through mutual contacts in the automotive service industry. Prior to CustomerLink, Mr. Samuelson served as COO and executive vice president at Alldata. Mr. Samuelson takes the seventh seat on the board.

CustomerLink is backed by $6 million from 5280 Partners, Akers Capital, Holden Capital, Sacramento Angels, Sierra Angels, and individuals. 
<http://www.customerlink.com> 	

* Entertainment Tech Firm Trilogy Adds Ex-nVision Chief as CEO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LLINIPNMII> 	
SALT LAKE CITY -- Trilogy Studios, a software developer focused on entertainment software and graphic visualization technology, said it named Richard Wood as CEO. Mr. Wood most recently served as CEO at nVision, a provider of software applications via the Internet.

Mr. Wood succeeds Henry Autry, who left the company to pursue other interests. Mr. Wood will also join the board, bringing the number of directors to four. 

Founded in 1999, the company has 10 employees and will double its staff by the end of first quarter 2003, at which time the company will also launch its product.

Trilogy Studios is backed by individual investors. 
<http://www.trilogystudios.com> 	

VC PERSONNEL


* HarbourVest Partners Promotes Eight Investment Members	top   mail <http://people.venturewire.com/o_mailer.asp?sid=HHHHHHNMII> 	
BOSTON -- Private equity firm HarbourVest Partners announced several management promotions. 

Brett A. Gordon and Julia E. Hupman, both previously senior associates, have been promoted to vice presidents. Prior to joining the firm, Mr. Gordon was vice president of the Princeton Review of Boston. Ms. Hupman previously served as director of the investment banking group at AEW Capital Management. 

Karin Lagerlund was promoted to vice president, formerly serving as controller. Prior to joining the firm, Ms. Lagerlund worked at AEW Capital Management. 

Former associates, Hannah F. Tolbin, Scott C. Voss, and Christopher J. Walker, have been promoted to senior associates. Former investment analysts, John M. Fiato and Jeffrey R. Keay, have been promoted to associates. 

HarbourVest is currently investing HarbourVest Partners VI, a $4.6 billion fund formed in 1999 to invest in partnerships, buyout partnerships, and direct investment opportunities.
<http://www.harbourvest.com> 	

* IVP Names Managing Director, Principal for $225M IVP X	top   mail <http://people.venturewire.com/o_mailer.asp?sid=ILLJOMLMII> 	
MENLO PARK, CALIF. -- Institutional Venture Partners, a venture capital firm, said it has named Steve Harrick as managing director and Dennis Phelps as principal. Both will focus on expansion-stage investments in the software and communications sectors through the firm's recently-closed $225 million venture capital fund, IVP X.

Mr. Harrick previously focused on enterprise software and Internet technologies at Highland Capital Partners and also worked at the Internet Capital Group (ICG). Mr.
Phelps worked in corporate finance for Hambrecht & Quist, as an associate at Battery Ventures, and as director of acquisitions for ICG. Mr. Harrick will work at IVP's new San Francisco office, while Mr. Phelps will be at the firm's Menlo Park office. 

IVP has invested more than $1 billion in 200 companies, worth $5 billion today. Portfolio companies include Altera, Aspect Communications, Foundry Networks, Juniper Networks, and Tivo.
<http://www.ivp.com> 	

* Terry Garnett Rejoins Venrock Associates as General Partner	top   mail <http://people.venturewire.com/o_mailer.asp?sid=MJNHHOOMII> 	
MENLO PARK, CALIF. -- Venrock Associates said Terence J. Garnett joined the firm as general partner in its Menlo Park office. Mr. Garnett previously served as venture partner with the firm from 1995 to 1999.

Mr. Garnett's appointment was effective October 1. He will focus on information technology investments, especially in software companies.

For the past year and a half, Mr. Garnett has been investing through Garnett Capital. Before joining Venrock in 1995, he was a senior vice president at Oracle.

Mr. Garnett serves on the boards of Crossworlds Software, Niku, Arzoon, and Tivre. Venrock closed its most recent fund at $800 million last year. 
<http://www.venrock.com> 	

* DB Capital Names Charles Flynn as Head of Fund Investing 	top   mail <http://people.venturewire.com/o_mailer.asp?sid=HHLHNKOMII> 	
NEW YORK -- DB Capital Partners, the private equity arm of Deutsche Bank, said it named Charles Flynn as head of fund investing, overseeing all of Deutsche Bank's private equity fund investing activities and managing the fund of funds and the secondary fund investing businesses.

Mr. Flynn, a managing director, will be based in New York and report to Ted Virtue, chairman and CEO of DB Capital Partners. 

Prior to DB Capital Partners, Mr. Flynn served as a managing director at AXA Investment Managers where he founded its global third-party fund of funds business. 
<http://www.db.com> 	

* Boston Millennia Names Robert Mashal Life Science Partner	top   mail <http://people.venturewire.com/o_mailer.asp?sid=NIHPJOMMII> 	
BOSTON -- Boston Millennia Partners said Robert Mashal joined the firm as a partner to focus on the healthcare and life science sectors. 

Mr. Mashal will work on drug discovery technologies, including genomics, systems biology, and chemical genomics. Mr. Mashal previously served as a program executive at Vertex Pharmaceuticals.

Boston Millennia Partners has more than $700 million under management and invests in the information technology, life science, and telecommunications industries. The firm invests in all stages of development, from start-up through pre-public offering. 
<http://www.millenniapartners.com> 	

* Brentwood Associates Names Tom Davin as Operating Partner	top   mail <http://people.venturewire.com/o_mailer.asp?sid=HHIHPNNMII> 	
LOS ANGELES -- Brentwood Associates, a private equity investment firm, said it named Tom Davin as operating partner, a newly created role. 

Mr. Davin formerly served as chief operating officer at Taco Bell and was a founding executive at its partent company Tricon Global Restaurants. 

Mr. Davin will work with portfolio company CEOs to consult on their strategies. Brentwood Associates has approximately $800 million under management. 
<http://www.brentwood.com> 	

MARKETING & SALES


* PhotonEx Adds VP of Sales, Promotes VP, Global Solutions	top   mail <http://people.venturewire.com/o_mailer.asp?sid=QNILPPNMII> 	
MAYNARD, MASS. -- PhotonEx, which develops photonic systems for long haul and ultra long haul networks, announced the addition of Richard Dorey, a former Alcatel sales executive, as vice president of sales. The company also promoted Ron Murphy, formerly vice president of business development, to vice president of global solutions and service. PhotonEx is funded by 3i Technology, Axxon Capital, Boston Millennia Partners, Castile Ventures, Essex Investment Management, Intel Capital, J.P. Morgan Direct Venture, Matrix Partners, North Bridge Venture Partners, Oak Investment Partners, and Photonics Fund. 
<http://www.photonex.com> 	

* Vericept Adds iPlanet Exec Jeff Carr as VP of Sales	top   mail <http://people.venturewire.com/o_mailer.asp?sid=QHPPQKJMII> 	
DENVER -- Vericept, which develops plug-and-play hardware designed to end the problem of network abuse, said it appointed Jeff Carr as vice president of sales. Mr. Carr joins from iPlanet, where he most recently served as director of sales. Vericept, formerly eSniff, is backed by Sequel Venture Partners. 
<http://www.vericept.com> 	

* FirstRain Expands Management Team	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IHHPNHNMII> 	
NEW YORK -- FirstRain, a developer of infrastructure software products for enterprise decision support, said it named several new members to its management team. Robert Wilson, former director of consulting at Proxicom, was named vice president of strategic alliances. Mike Brzezinski, former director of sales for the New York region at Exodus Communications, was named managing director of Northeast sales. And Chun Lee, who previously worked at SPL WorldGroup, Comsat, NYNEX, and Johnson & Johnson, was named director of finance and administration. FirstRain is backed by Allegra Partners, Diamondhead Ventures, Myriad Investments, St. Paul Venture Capital, as well as individuals including Rajat Gupta, CEO of McKinsey & Co.; John Hennessy, president of Stanford University; and Greg Papadopoulos, chief technology officer of Sun Microsystems.
<http://www.firstrain.com> 	

OPERATIONS


* Yantra Adds Jeffrey Murphy as SVP, North American Operations	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IJIPLONMII> 	
TEWKSBURY, MASS. -- Yantra, which provides management technology for the manufacturing and retail industries, announced the appointment of Jeffrey Murphy as senior vice president of North American operations. Mr. Murphy has worked in sales and operations for companies including Storage Networks, SAP America, and Oracle. Yantra is backed by Morgan Stanley Dean Witter, Broadvision, VerticalNet, Amerindo, Eastman Chemical, Charles River Ventures, Hambrecht & Quist, One Liberty Ventures, RHO Management, Draper International, and Boston Millennia Partners. <http://www.yantra.com> 	

* Pihana Pacific Names Vincent Madsen as VP of Operations	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LNHLLMNMII> 	
HONOLULU -- Pihana Pacific, which provides managed e-infrastructure services and builds and manages neutral Internet exchange data centers in the Asia/Pacific region, said it appointed Vincent Madsen as vice president of operations, responsible for field operations, network operations, provisioning, IT, and engineering organizations. Mr. Madsen was formerly president of information solutions delivery at EDS Asia/Pacific. Pihana is backed by Columbia Capital, GE Capital Telecom, Hewlett-Packard, LoneTree Capital, Morgan Stanley Dean Witter Private Equity, Mori Building, Nifco Investment, PacifiCap Group, The Goldman Sachs Group, and UBS Capital. 
<http://www.pihana.com> 	

FINANCE


* Iridium Satellite Names Christopher Rowe CFO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IHHJKQMMII> 	
LEESBURG, VA. -- Iridium Satellite, a provider of global satellite voice and data technology, said it named Christopher Rowe as chief financial officer. Mr. Rowe previously served as CFO at SpotCast, a provider of content delivery to mobile networks. Iridium Satellite is backed by individuals. 
<http://www.iridium.com> 	

TECHNOLOGY


* Orbis Online Names Mike Dillard CIO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IJMQLKKMII> 	
SAN ANTONIO -- Orbis Online, a provider of an online platform for competitive bidding, said it named Mike Dillard as chief information officer. Mr. Dillard previously served as president and chief operating officer at LifeCast. Mr. Dillard also previously was chairman of the Central Intelligence Agency's information technology policy board during the first Bush and Clinton administrations. Orbis Online is backed by AJG Financial Services. 
<http://www.orbisonline.com> 	

* UGO Networks Names Robert Iadanza CTO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LHHNKINMII> 	
NEW YORK -- UGO Networks, an online entertainment site targeted at 18- to 34-year-old males, said it named Robert Iadanza as chief technology officer. Mr. Iadanza formerly served as CTO at TechSpace, a network of office communities that provide office space services to companies. Prior to TechSpace, Mr. Iadanza was director of information technology at USA Networks. UGO is backed by Chase Entertainment Group, GRP, Gryphon Holdings, and Liberty Digital. 
<http://www.ugo.com> 	

OTHER


* Broadband Firm MegaPath Networks Adds Two to Team	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LNHNMLMMII> 	
PLEASANTON, CALIF. -- MegaPath, a provider of broadband access and network services for small to medium-sized businesses, said Paul Milley has joined the firm as senior vice president and chief financial officer, and Jim Files has joined as vice president of enterprise sales.

Mr. Milley had served as senior vice president and chief financial officer with On Command Corporation and 3DO Corporation. Mr. Files co-founded and served as executive vice president of sales for Sable Technologies; prior to Sable, he served as vice president of sales for USAC.

MegaPath is backed by $33 million from U.S. Venture Partners and Trident Capital. 
<http://www.megapath.net> 	

* College Publisher Names Two New Executives	top   mail <http://people.venturewire.com/o_mailer.asp?sid=MJJHPQLMII> 	
BOSTON -- College Publisher, a provider of a technology platform designed to assist editors, advertising managers, and online producers for college newspapers to more easily establish a Web presence, said that it named Mark Businski as its new vice president of national advertising, a position he held previously at Steamtunnels, and Tricia Black, formerly with Student Advantage, as director of business development. College Publisher is backed by Venture Capital Fund of New England (VCFNE), Advanced Technology Ventures, Masthead Venture Partners, and individual investors. 
<http://www.collegepublisher.com> 	

VW PEOPLE CORRECTIONS


* Apexon	top   mail <http://people.venturewire.com/o_mailer.asp?sid=MJHHNNMMII> 	
NEW YORK -- An article in Tuesday's edition of Venture Wire People misspelled the name of Apexon's new vice president of marketing, Judy Ross. 

	

* Anark	top   mail <http://people.venturewire.com/o_mailer.asp?sid=NKHPHLNMII> 	
NEW YORK -- The Monday edition of Who's Hiring about Anark misspelled HR director Kevin Lawlor's name. 

	



EXECUTIVE SEARCHES

VP of Sales--IT services--SF Bay Area

Lohika Systems, Inc., a recently-funded IT services start-up headquartered in Silicon Valley, is seeking a hands-on VP of Sales to build and manage its sales organization. This person should have a proven record of generating sales and exceeding sales targets, possess excellent networking ability, be able to prospect and manage clients throughout the sales cycle, be able to develop a focused sales strategy, and have experience recruiting and managing a sales team. 

Responsibilities: 

* Manage and execute the entire sales cycle from generating prospects and cold calling to closing the sale 
* Sell strategically to key decision-makers (CFO, COO, CIO) and tactically at the operational level 
* Cultivate and maintain strong client relationships 
* Build and manage a sales team 
* Develop a well-targeted sales strategy 
* Work closely with our IT professionals to close the sale 


Requirements: 

* Minimum of 5 years of sales management experience 
* Proven record of consistently meeting and exceeding sales quota 
* Previous history of selling high-tech products, IT consulting services, or software 
* Have experience selling to key decision makers 
* Excellent networking ability 
* Bachelor's degree or equivalent 
* Excellent oral and written communication and presentation skills coupled with strong negotiation skills 


e-mail: sales@lohika.com <mailto:sales@lohika.com>
company: Lohika Systems, Inc.
[top]

Managing Director--VENTURE CAPITAL--Denver, CO

Denver-based investment management company seeks managing director to lead a venture capital firm focused on early stage Colorado investments. Candidate must have at least 5 years of direct investment experience, a demonstrable track record, and actively participate in capital raising efforts. The ideal candidate will manage the investment of $30 to $50 million in early stage opportunities in the region. Competitive compensation structure including a unique opportunity for ownership and a carried interest in the fund. 

Qualifications 

* A minimum of five years experience in early-stage investing focusing on the technology, telecommunications, or life science industries 
* Proven history of venture investing with a definitive record of returns 
* Experience fundraising from both institutional investors and high net worth individuals 
* Expertise managing portfolio company investments 
* Excellent communication and presentation skills 
* Educational qualifications important 


e-mail: sagecapital@yahoo.com  <mailto:sagecapital@yahoo.com>
company: 
[top]

GENERAL PARTNER--VENTURE CAPITAL--SAN DIEGO

Make a lifestyle change. 
A "green grass" opportunity in an emerging technology region underserved by locally based venture capitalists. Capitalize on plentiful investment opportunities emerging from research universities and facilities serving the life sciences and technology sectors, Department of Defense (DOD) technologies and research, and next generation early stage companies evolving from existing models of success in Southern California. New venture fund with no legacy issues seeking an experienced General Partner. 


PROFESSIONAL QUALIFICATIONS: 
* Demonstrated investment results with a venture capital firm. 
* Strong communications or semiconductor background (10+ years of relevant operating experience) that started off their career in an engineering role and was able to successfully move into a more senior Business Management role. 
* Extensive personal and professional networks within the high tech industry 
* PhD in EE or CS, BS/MS strongly preferred 

PERSONAL QUALIFICATIONS: 
* A keen sense of humor 
* Highly competitive and driven to success 
* Proactive vs. reactive 
* Independent thinker yet a team player 

AN EQUAL OPPORTUNITY EMPLOYER 

e-mail: box1193@venturewire.com <mailto:box1193@venturewire.com>
company: n/a
[top]

	


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