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* Optical Processor Firm Chorum Lands $54.7M Round Four
Chorum Technologies, a provider of all-optical processors and subsystems for optical networks, said it raised $54.7 million in its fourth round of funding.>>

* Encorp Closes $38.1 Million Series D, Names New CEO
Encorp, a provider of products and services for the power-technology sector, has closed $38.1 million in Series D financing and appointed Dennis Orwig as chief executive officer. New investor Ballentine Capital Partners led the round, which also included other new investors, Perseus and Wexford Management.>>

* Napster Cuts 15% of Staff, Prepares for New Service
Napster, the embattled online song-swapping service, has cut 16 employees, approximately 15% of its staff, in an effort to strengthen resources in other areas as it prepares for the launch of its new membership-based service, the company said in a written statement.>>

* Bigstep Lays Off A Third of Staff
Bigstep, which provides small businesses with electronic business services, has laid off 25 employees, according to CEO Lucy Reid.>>



Rethink, Rebuild, Rebound

This is the worst downturn ever to hit Silicon Valley,
but it's hardly the first. So VentureWire is convening
a summit conference of CEOs, COOs, CFOs, and others
who've lead venture-backed companies through such times
before. We've chosen them for their years of experience
and for their ability to share it as coaches, mentors,
board members, and friends. Join us for an intense day
of guidance an inspiration from those who've been
through boom and bust and boom again.

Managing in the Downturn:
Survival Strategies for 2002
A VentureWire Executive Summit
Fairmont Hotel, San Jose
November 6, 2001
 http://events.venturewire.com/summit/default.asp <http://venturewire.com/ads/ad.asp?id=1448>

new money

* Home Networking Firm 2Wire Closes Fourth Round with $61M
* Semiconductor Systems Firm Hypernex Gets $2M Series A 
* E-Learning Firm Demos Gets $4 Million 
* Workforce Management Firm SmartTime Gets $10 Million
* TeamShare Raises $3 Million Second Round
* New Edge Networks Secures $12.5M in Credit

bad news

* Tropic Networks Releases 19% of Staff to Save Cash
* RadioWave.com in Talks to be Acquired, May Lay Off 25
* FreeRein Lays Off Most of Staff, Looks for Buyers and Funds
* Car Auction Site CarDay Shuts Down

m&a

* E-mail Management Software Firm Postini Buys Neomeo

new directors

* Celiant Names Credit Suisse CEO John J. Mack to Board
* Line56 Appoints Jack Dolce to Board
* TogetherSoft Adds Ex-3ware CEO John R. Vrolyk to Board 
* Miza Adds Two to Board, Including Canadian Senator

new people

* Xythos Software Names Edward Miller President and CEO

vc fund news

* Investment Firm Paras Ventures Announces Launch

vc personnel

* ATV Adds Brian Hanson To Focus on Canadian Investments

Healthcare Outlook: Biotechnology  Pharmaceuticals:
development, delivery and distribution

Tremendous competition exists to find the new technology
that will identify new drug targets. Bioinformatics
companies that can bring precision to the R&D process,
but yet, may never be profitable. An expensive and
pitfall ridden drug approval  process.  A complex
business landscape created by the mergers of giant,
multinational pharmaceutical companies and upstart
biotech ventures. In the span of one day Healthcare
Outlook will address these issues and look at the
business plans of 50 private companies that promise
to innovate an industry. Industry executives, leading
academics and venture capitalists will meet to lend
perspective and point out opportunities along the
complicated life cycle of developing a drug.

Register today:
http://www.healthcareoutlook.com/register.asp <http://venturewire.com/ads/ad.asp?id=1449>



* Optical Processor Firm Chorum Lands $54.7M Round Four
By Giselle Greenwood <mailto:greenwood@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=NIQLONQMII> 	
RICHARDSON, TEXAS -- Chorum Technologies, a provider of all-optical processors and subsystems for optical networks, said it raised $54.7 million in its fourth round of funding. 

Lead investors in the round included previous investors CenterPoint Ventures, InterWest Partners, Sevin Rosen Funds, and Scudder-Kemper Investments. Other investors included new investor Wheatley Partners, and previous investors Star Ventures, Austin Ventures, Rho Management Trust, Crown Advisors International, Azure Capital Partners, Sycamore Ventures, Bowman Capital Management, and J. & W. Seligman. The round, a down round, was completed in September.

No new board members were added to the seven member board. The company is in negotiations about filling open seats as well as the possibility of raising a fifth round targeting $10 million.

The company will use the funds to develop its existing products and begin producing new products. The company said the funding, combined with existing capital, will last more than two years.

<http://www.chorumtech.com> 	

* Encorp Closes $38.1 Million Series D, Names New CEO
By Michelle Tsai <mailto:tsai@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=QLPMJQPMII> 	
WINDSOR, COLO. -- Encorp, a provider of products and services for the power-technology sector, has closed $38.1 million in Series D financing and appointed Dennis Orwig as chief executive officer. 

New investor Ballentine Capital Partners led the round, which also included other new investors, Perseus and Wexford Management. All existing investors -- Arete's Utech Climate Challenge Fund, Craig Drill Capital, Enron North America, Enstar Management, and Micro-Generation Technology Fund -- reinvested. Banc of America Securities served as placement agent for the deal.

Encorp had expected to raise $20 million for the round when it began fund-raising last fall, said Mr. Orwig, adding that the company's valuation is significantly up from the last round. Prior to this round, the company had raised $4.5 million. 

Prior to Encorp, Mr. Orwig served as CEO and president of Catalytica Energy Systems, a manufacturer of pollution-prevention equipment. He replaces founder and former CEO and president, Jeff Whitham, who retains his chairman position on the board. The president position remains open.

Steve Ballentine of Ballentine Capital Partners joins the board, as does Mr. Orwig. Seven directors comprise the board, which is full.

New funds will be used for product and service development and commercialization. The company employs 115 and does not expect significant staff growth in the next year. Encorp, which opened six new sales offices this year, doesn't plan any additional new offices. 

The company will break even within the next five years, said Mr. Orwig, who added that the company will be investing heavily in product development in the next 15 months. Encorp expects to generate $10 million to $12 million in revenues this year.

<http://www.encorp.com> 	

* Napster Cuts 15% of Staff, Prepares for New Service
By Lizbeth Scordo <mailto:scordo@technologicp.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=NIIHKIQMII> 	
REDWOOD CITY, CALIF. -- Napster, the embattled online song-swapping service, has cut 16 employees, approximately 15% of its staff, in an effort to strengthen resources in other areas as it prepares for the launch of its new membership-based service, the company said in a written statement. 

A Napster spokesperson said the layoffs mainly focused on customer service, business development departments, and administration areas. The company's staff now totals 88.

Last month Napster said it reached a preliminary agreement with American songwriters and music publishers to settle their class-action lawsuit, under which Napster agreed to pay damages of $26 million to music creators and copyright owners for unauthorized uses of music, and will also pay an advance of $10 million against future licensing royalties. The company has also settled lawsuits brought by musicians Metallica and Dr. Dre. 

Napster, which once let users download and trade songs for free, is planning to launch a fee-based membership service, though the target date has not been disclosed. 

The company is backed by Hummer Winblad, the University of California at Los Angeles, and individuals. Last year Napster also received a $60-million loan from Bertelsmann that may convert to equity.

<http://www.napster.com> 	

* Bigstep Lays Off A Third of Staff
By Michelle Tsai <mailto:tsai@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=IJMKMNPMII> 	
SAN FRANCISCO -- Bigstep, which provides small businesses with electronic business services, has laid off 25 employees, according to CEO Lucy Reid.

Since last December, the company's staff size has shrunk from 150 employees to 50. This round of layoffs eliminated positions in engineering, content, marketing, and administration, including two vice presidents. The layoffs came after Bigstep attracted fewer customers as it became a fee-based service this summer and also from the completion of Bigstep's product development, said Ms. Reid. 

The company, which has raised $72 million in venture capital, closed $6.5 million in Series E funding in September from InterWest Partners, Mayfield, Partech International, Staenberg Venture Partners, U.S. Venture Partners, VeriSign, The Washington Post, and Worldview Technology Partners. 

Ms. Reid said the layoffs were not related to the funding and that the company still expects to break even in the third quarter of 2002.

<http://www.bigstep.com> 	

new money


* Home Networking Firm 2Wire Closes Fourth Round with $61M
By Lizbeth Scordo <mailto:scordo@technologicp.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=QPHMLJPMII> 	
SAN JOSE, CALIF. -- 2Wire, a developer of products that provide broadband content and services throughout the home, said it closed its fourth round of funding at $61 million. VentureWire first reported the round in August. 

New investor Technology Crossover Ventures (TCV) and previous investor Oak Investment Partners co-led the round with participation from other new investors, Pilgrim Baxter & Associates and Shell Internet Ventures. Previous investors, including Accel Partners, Doll Capital Management (DCM), the Invesco Private Capital Group, Meritech Capital, and Venrock Associates, also joined the round.

The company would not comment on its valuation. In August, VentureWire reported that 2Wire's post-money valuation was approximately $157 million. 

Founded in 1998, the company has raised $144 million to date.

<http://www.2wire.com> 	

* Semiconductor Systems Firm Hypernex Gets $2M Series A 	top   mail <http://venturewire.com/o_mailer.asp?sid=QNKOIMPMII> 	
STATE COLLEGE, PA. -- Hypernex, a provider of inspection software and systems for the semiconductor market, said it closed a Series A round of financing with just under $2 million. 

Draper Triangle Ventures, the Pittsburgh affiliate of Draper Fisher Jurvetson, led the round with participation from partners of Staley Capital Advisors and previous individual investors. 

The company said it will use the new capital for sales and marketing and to continue testing and refining its technology at a major semiconductor firm's facility. 

Don Jones and Craig Gomulka, both of Draper Triangle, have joined Hypernex's board of directors. 

<http://www.hypernexinc.com> 	

* E-Learning Firm Demos Gets $4 Million 	top   mail <http://venturewire.com/o_mailer.asp?sid=LJHOOIPMII> 	
PARIS -- Demos, a professional training and e-learning company, said it raised EUR 4.58 million ($4 million).

New investors Initiative & Finance, Natexis Investissement, and BNP Paribas Developpement participated in the funding. The company will use the money for the development of its courses and e-learning products and to expand internationally. 

Demos was founded by Jean Wemaere and employs 200 people. 

<http://www.demos.fr> 	

* Workforce Management Firm SmartTime Gets $10 Million	top   mail <http://venturewire.com/o_mailer.asp?sid=QLJQOPQMII> 	
FRAMINGHAM, MASS. -- SmartTime Software, a provider of enterprise workforce management applications, said it closed a $10 million round of funding.

General Atlantic Partners led the round. The company will use the funds to develop its product, SmartWorks, which is being deployed. The company will also use funds to expand sales and customer services. 

SmartTime has been in business since 1986. 

<http://www.smarttime.com> 	

* TeamShare Raises $3 Million Second Round	top   mail <http://venturewire.com/o_mailer.asp?sid=NKIIIPQMII> 	
COLORADO SPRINGS, COLO. -- TeamShare, a provider of process management and issue tracking software, said it raised $3 million in its second round of funding.

Previous investor The Strum Group was the sole investor in this round. The company will use the funds to expand its strategic partner alliances and promote its products in new markets. 

TeamShare raised $8 million in March 2000. 

<http://www.teamshare.com> 	

* New Edge Networks Secures $12.5M in Credit	top   mail <http://venturewire.com/o_mailer.asp?sid=LPOLHQOMII> 	
VANCOUVER, WASH. -- New Edge Networks, which provides broadband and enhanced data communications to small and mid-sized cities, said it received the final installment of $12.5 million in credit by reaching certain milestones, such as cash flow and revenue targets, set forth in its fourth round of financing. 

When the round was announced in April, the company said that First Union would provide the debt financing. Since that time, Wachovia and First Union merged, and Wachovia will provide the financing. The money, $12.5 million of $37.5 million in debt, will be used for operations and sales and marketing. 

New Edge Networks has raised $380.1 million to date. It is backed by Accel Partners, Comdisco Ventures, Crosspoint Venture Partners, Greylock Management, GS Capital Partners, Intel, Intel Capital, Meritech Capital Partners, Morgan Stanley Venture Partners, and The Goldman Sachs Group.

<http://www.newedgenetworks.com> 	

bad news


* Tropic Networks Releases 19% of Staff to Save Cash
By Jeffrey Sanders <mailto:sanders@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=MJHKLOQMII> 	
OTTAWA -- Tropic Networks, which develops optical packet networking systems, released 35 people, or 19% of its total staff in an across-the-board cost-cutting move, according to a company spokesperson.

The layoffs occurred in both of Tropic's offices, in Ottawa and Andover, Mass., with the most cuts in the Ottawa office. The company, which now employs 150, did not make any changes to its executive management team, the spokesperson said. All employees received severance packages.

In early September, Tropic Networks secured a $10 million loan from GATX/MM Venture Finance Partnership, Silicon Valley Bank, and Transamerica Commercial Finance. The money was to be used for purchasing equipment for product trials and testing.

The company reduced its headcount in order to preserve its cash until 2003, the spokesperson said, adding that it is still on target to release its first product in 2002. 

Tropic Networks has raised $80 million to date and is also backed by Altamira Management, Anschutz Investment Co., Celtic House, Crescendo Ventures, Enron Broadband Services, Goldman Sachs Group, Kodiak Venture Partners, the Ontario Teachers Pension, and Raza Foundries.

<http://www.tropicnetworks.com> 	

* RadioWave.com in Talks to be Acquired, May Lay Off 25
By Giselle Greenwood <mailto:greenwood@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=IPNQPOPMII> 	
CHICAGO -- RadioWave.com, which provides a Web-based, interactive audio player, has warned 25 of its 28 employees of possible layoffs with severance in two weeks.

CEO Bill Pearson said the company is in a "pretty vulnerable state," and is talking to several companies about the possibility of being acquired. Although the company has not shut down, if no one acquires the company, it will no longer be in business, Mr. Pearson said, adding that he expects a decision to be made in two weeks. 

"It is a possibility that we will remain intact," Mr. Pearson said. "However, we're anticipating the worst."

Mr. Pearson attributed the slumping ad market to the company's demise, leading to the decision to increase its fees to make up for revenue loss. Previously, the company did not rely on its fees as a source of revenue, but with ad revenue flagging, Mr. Pearson said a fee increase is necessary.

If the company is acquired, Mr. Pearson said it will operate as a wholly owned subsidiary of a larger company.

RadioWave.com has raised $22 million from FBR Technology Venture Partners, Intel Capital, Motorola, Susquehanna Radio, and Warburg, Pincus Equity Partners.

<http://www.radiowave.com> 	

* FreeRein Lays Off Most of Staff, Looks for Buyers and Funds
By Michelle Tsai <mailto:tsai@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=MJHJNHQMII> 	
BELLEVUE, WASH. -- FreeRein, a developer of platforms that provide enterprise applications and services, has laid off all but six of its 31 remaining employees, according to CEO Bruce Gilpin.

The company laid off five employees in September, but needed to make additional cuts to conserve cash, Mr. Gilpin said. Of the firm's executive staff, Mr. Gilpin, the chief financial officer, the chief scientist, and the vice president of product strategy remain.

FreeRein continues to operate and to fund-raise for $10 million in Series B financing, though it has also begun to look for a buyer. Existing investors ComVentures and Technology Partners will contribute to the round if FreeRein can secure a new lead investor, said Mr. Gilpin. He added that given the current fund-raising environment, an acquisition is more likely. FreeRein expects to find a buyer in the wireless enterprise or carrier sectors.

Without additional capital, the company can operate through the end of the year, since 90% of its former staff worked on technology development. The company expects to generate $500,000 in revenues this year.

FreeRein has raised $15 million in venture capital from ComVentures and Technology Partners. In March, FreeRein acquired Clarios, which creates wireless platforms for messaging, in a stock swap.

<http://www.freerein.com> 	

* Car Auction Site CarDay Shuts Down	top   mail <http://venturewire.com/o_mailer.asp?sid=QHPNHNQMII> 	
NEW YORK -- CarDay, which operated an online auction for the sale of used cars through franchised auto retailers, has shut down, according to a note posted on its Web site. The company could not be reached for comment. 

In January, the company raised $25 million in first-round funding from Citigroup Investments, Goldman Sachs, Odeon Capital Partners, and Sierra Ventures. 

<http://www.carday.com> 	

m&a


* E-mail Management Software Firm Postini Buys Neomeo
By Michelle Tsai <mailto:tsai@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=NMIKIKPMII> 	
REDWOOD CITY, CALIF. -- Postini, a provider of e-mail management software and services, said it has acquired San Francisco-based Neomeo, an enterprise software company that develops corporate e-mail services. Terms of the deal were not disclosed.

Fewer than 10 Neomeo employees will join Postini, including CEO Amir Bakhtiar. Neomeo had developed its product but did not have a full sales team, nor was it generating significant revenues, said Scott Petry, founder and vice president of products at Postini. The companies were introduced to each other through a mutual industry contact. Neomeo raised about $5 million in venture capital from Softbank and individual investors. 

Including former Neomeo employees, Postini has a staff of more than 30. Postini will offer at least some of Neomeo's products, said Mr. Petry. 

Baker and McKenzie advised Postini, while Cooley Godward advised Neomeo.

Postini is backed by $17 million from August Capital, Sumit Accelerator, Sun Microsystems, and individuals.

<http://www.postini.com> 
<http://www.neomeo.com> 	

new directors


* Celiant Names Credit Suisse CEO John J. Mack to Board	top   mail <http://venturewire.com/o_mailer.asp?sid=HHQHLHPMII> 	
WARREN, N.J. -- Celiant, a supplier of wireless power amplifiers, said Credit Suisse First Boston CEO, John J. Mack, has joined the company's board.

Mr. Mack, 56, is also an investor in Celiant. The board has six directors; the seventh seat is open. He was introduced to the company through Jerry Poch, the chairman at Celiant and managing director at Pequot Capital. 

The company is on track to open a sales office in China, said Celiant president and CEO Ralph Faison. Celiant sells its products in Asia, Europe, South America, and the U.S., according to Mr. Faison, adding that the company plans to go public within two years.

Celiant, which spun out of Lucent Technologies with a $50 million investment from Pequot Capital, recently received a multi-year supply contract with Lucent to provide the company with wireless power amplifiers.

<http://www.celiant.com> 	

* Line56 Appoints Jack Dolce to Board	top   mail <http://venturewire.com/o_mailer.asp?sid=NQJQLLPMII> 	
LOS ANGELES -- Line56, a media company focused on e-business strategy and technology, said Jack Dolce has joined the board of directors. 

Mr. Dolce formerly served as executive vice president at CMP's Enterprise Computing Group and founded Interactive Enterprises, a magazine publisher. He will help the company oversee its magazine circulation and sales strategy. 

Line56 has received financing from EnterVentures, Argos, and individual investors, including Francois Bitz, a former Carnegie Mellon professor and founder of Fore Systems. 

<http://www.line56.com> 	

* TogetherSoft Adds Ex-3ware CEO John R. Vrolyk to Board 	top   mail <http://venturewire.com/o_mailer.asp?sid=QJONKPOMII> 	
RALEIGH, N.C. -- TogetherSoft, a provider of software development technologies and services, said it appointed John R. Vrolyk to its board of directors.

Mr. Vrolyk joins as the seventh board member and most recently served as president and CEO of 3ware. The board now has four outside members and three internal. 

TogetherSoft has raised $20 million to date from TA Associates and doesn't anticipate further funding. Founded in 1999, the company has 425 employees. 

<http://www.togethersoft.com> 	

* Miza Adds Two to Board, Including Canadian Senator	top   mail <http://venturewire.com/o_mailer.asp?sid=HHNIJOPMII> 	
TORONTO -- Miza Pharmaceuticals, a Canadian pharmaceutical contract manufacturing company, said it named Senator Michael Kirby and Dr. Geoffrey Shulman to its board. 

Senator Kirby is the chairman of the Standing Senate Committee on Social Affairs, Science and Technology, for the Canadian government. He previously was chairman of the Standing Senate Committee on Banking, Trade and Commerce. From 1984 to 1994, he was vice president of Goldfarb Consultants, an international market research firm in Toronto. 

Dr. Shulman is chairman, president, and CEO of DUSA Pharmaceuticals, a Massachusetts-based biopharmaceutical company focused primarily on photodynamic therapy, the treatment of diseases using light-activated drugs. The addition of Messrs. Shulman and Kirby bring the company's board membership to six people. 

Miza has received funds from CCL Industries, a publicly traded outsourcing company.

<http://www.miza.com> 	

new people


* Xythos Software Names Edward Miller President and CEO	top   mail <http://venturewire.com/o_mailer.asp?sid=LLLMPMPMII> 	
SAN FRANCISCO -- Xythos Software, which provides enterprise file management software, said it named Edward Miller as its president and CEO. 

Mr. Miller, 43, replaces co-founder Kevin Wiggen, 29, who has been named the company's chairman. Mr. Miller formerly served as president and CEO at digital imaging software company, Xippix. He will also sit on the board at Xythos, becoming the fifth director. He was introduced to the company through executive search firm Russell Reynolds. 

This spring, Xythos Software raised $6 million in its first round from IDG Ventures, Softbank Venture Capital, and individual investors. The company, which employs 22, said it will look to raise its Series B within the next 12 months. 

<http://www.xythos.com> 	

vc fund news


* Investment Firm Paras Ventures Announces Launch	top   mail <http://venturewire.com/o_mailer.asp?sid=LNKOLQQMII> 	
TYSONS CORNER, VA. -- Paras Ventures, a management and investment firm, announced its launch.

The company is being headed by Rahul Bhandari, formerly vice president of business development and alliances and co-founder of Accenture's business launch center. The company's investment focus will be in enterprise software, security, biotech, and related emerging technology. 

Aside from providing funding, the company will provide services to other venture capital firms' portfolio companies, and help oversea companies establish U.S. operations.

The company will not raise a traditional fund, but instead gather a pool of individual investors to help identify and invest in emerging companies. These individual investors will also provide management consultation as well as other services. 

Mr. Bhandari is the only employee at the time, but he expects to expand the team later this year.

<http://www.parasventures.com> 	

vc personnel


* ATV Adds Brian Hanson To Focus on Canadian Investments	top   mail <http://venturewire.com/o_mailer.asp?sid=INQPHIPMII> 	
PALO ALTO, CALIF. -- Advanced Technology Ventures (ATV), a venture capital firm, said it named Brian Hanson as a venture partner. Mr. Hanson will primarily focus on ATV's strategic expansion in Canada, and also support ATV's investments in New York and New Jersey. 

Prior to joining ATV, he served as managing director and co-head of mergers and acquisitions at UBS Warburg. 

ATV made its first investment in Canada late last year in Innovance Networks, an optical networking company. At the time the investment was the largest investment ever made in a Canadian technology start-up company. 

ATV has more than $1.5 billion in capital under 
management, and its portfolio now includes approximately 75 active investments in the areas of communications, Internet infrastructure, software and services, and healthcare. The firm is in the process of closing its seventh fund, slated to close by the end of the year. 

<http://www.atv.com> 	



Digital Anything, Networked Everything ...

Even in the economic downturn, high-profile companies
are directing investment and development focus on the
technologies that are fueling the next wireless
revolution.
From traditional industries like semiconductors to new
ones like telematics, the most promising 100 companies
will present during our private equity platform at
Pervasive Computing Outlook.
Atheros, Rioport, and WhereNet are just a few of the
companies to expect. Hear the business plans and pick
the winners that are capitalizing on the rise of
inexpensive intelligence at the edge of the Internet.
Register today.
Pervasive Computing Outlook
December 4 & 5 at the San Francisco Airport Marriott

http://www.pervasivecomputingoutlook.com/register.asp <http://venturewire.com/ads/ad.asp?id=1450>

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Send other questions to prohelp@venturewire.com <mailto:prohelp@venturewire.com>  	 Thursday, October 25, 2001
published daily by Technologic Partners <http://technologicpartners.com> 

this issue delivered to:
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Enron

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VentureWire index
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495.1   -0.18% 

industry news
? B2B eCommerce <http://professional.venturewire.com/category.asp?mid=5>
? B2C eCommerce <http://professional.venturewire.com/category.asp?mid=6>
? Enterprise Software <http://professional.venturewire.com/category.asp?mid=1>
? Internet Services <http://professional.venturewire.com/category.asp?mid=7>
? Networking Hardware <http://professional.venturewire.com/category.asp?mid=2>
? Optical Networking <http://professional.venturewire.com/category.asp?mid=13>
? Semiconductors <http://professional.venturewire.com/category.asp?mid=12>
? Telecom Services <http://professional.venturewire.com/category.asp?mid=3>
? Venture Capital <http://professional.venturewire.com/category.asp?mid=9>
? Wireless Services <http://professional.venturewire.com/category.asp?mid=4>
? Biotechnology <http://professional.venturewire.com/category.asp?mid=11>
? eHealth <http://professional.venturewire.com/category.asp?mid=10> 

company index
companies mentioned in this issue
? 2Wire
? Alliance Technology Ventures
? BigStep.com
? CarDay
? Celiant
? Chorum Technologies
? Demos
? Encorp
? FreeRein
? Hypernex
? Line56
? Miza Pharmaceuticals
? Napster
? Neomeo
? New Edge Networks
? Paras Ventures
? Postini
? RadioWave.com
? SmartTime Software
? TeamShare
? TogetherSoft
? Tropic Networks
? Xythos Software 

investor index
investors participating in new rounds in this issue
? Arete 
? Ballentine Capital Partners 
? BNP Paribas Group 
? Draper Triangle Ventures 
? Drill Capital 
? Enron 
? General Atlantic Partners 
? Initiative & Finance Gestion 
? Micro-Generation Technology Fund 
? Natexis Investissement 
? Perseus Capital 
? Staley Capital Partners 
? Strum Group 
? Wexford 


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