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  • Here are the Investor speakers from our Sold-Out Raising Venture Capital in New York, sponsored by Morrison & Foerster. This event was in New York City on Tuesday, May 24, 2005.

    Salvatore Tirabassi, Partner, Dolphin Equity Partners Salvatore Tirabassi, Partner, Dolphin Equity Partners

    Mr. Tirabassi joined Dolphin in 1999. He serves on the board of five portfolio companies: Airband, RateIntegration, SilverCarrot, Vercuity and VitalStream. He is a former board member and now observer on the board of Gomez.

    Before joining the Dolphin team, Mr. Tirabassi was a product development and marketing consultant to Diamond Lane Communications, Inc., a venture capital-backed DSL hardware manufacturer that was subsequently acquired by Nokia Corporation. Prior to his experience at Diamond Lane, he worked at Diefenbach Elkins International, a strategic marketing consulting firm now an affiliate of McCann Erickson. At Diefenbach Elkins, Mr. Tirabassi focused on the telecommunications industry, providing marketing and strategy consultation to large telecom and datacom companies in the United States and abroad.

    Mr. Tirabassi received his Master of Business Administration degree from the Wharton School of the University of Pennsylvania, where he was named a Palmer Scholar. In addition to his MBA, he also holds a Master of Science degree in Telecommunications and Networking Engineering from the University of Pennsylvania and an AB cum laude from Harvard College where he studied philosophy and foreign languages.

    Alan Patricof, co-founder, Apax Partners, Inc. Alan Patricof, co-founder, Apax Partners, Inc.

    Alan Patricof is co-founder of Apax Partners, Inc. (formerly Patricof & Co. Ventures, Inc.) Alan founded the firm at a time when venture capital was at an incipient stage and has been instrumental in growing the industry from a base of high net-worth individuals to its position today with broad institutional backing.

    Alan has helped build several major global companies and was instrumental in the start-up, financing, and subsequent strategic guidance that helped facilitate the growth of companies such as America Online, Office Depot, Cadence Systems, Apple Computer, FORE Systems, NTL, Audible, Inc. He was a founder and chairman of the board of NewYork magazine, which later acquired the Village Voice and New West magazine.

    In addition to setting himself apart as a successful investor and fundraiser, Alan has been an untiring advocate of the VC industry in the United States and worldwide. He played a key role in the more important legislative initiatives including the definitive Plan Asset Regulation which set the basis for all future institutional participation in investment partnerships. Outside of venture capital, he has also been involved in efforts to achieve securities litigation reform and capital gains tax reduction.

    In the philanthropic arena, Alan is currently a board member of TechnoServe, the Trickle Up Program, the National Foundation for Teaching Entrepreneurship (NFTE) and the Global Advisory Board of Endeavor Inc.

    Alan has applied the disciplines of a thirty-plus year career in private equity to address social inequities in the developing world and over the past several years he has traveled extensively in Asia, Latin America and Africa. In that connection, he serves as an advisor to the International Finance Corporation (IFC) which is the commercial arm of the World Bank. He was selected to be a member of the UNDP Commission on Private Sector & Development and as a member of the Council on Foreign Relations, he sits on the African Policy Board. Alan was also vice chairman of the Commission on Financing Capital Flows to Africa sponsored by the Corporate Council on Africa, The Institute for International Economics and the Council on Foreign Relations. He has participated in the “Big Table” meeting of finance ministers under the auspices of The Commission for Africa (CFA), which is part of the United Nations.

    Alan is very active in the New York community as a board member of both the New York Small Business Venture Fund and New Jobs for New York Association. He also serves on the Board of Trustees of Columbia University Graduate School of Business.

    He has written extensively on venture capital and on challenges in the developing world; most recently he has had several op-eds appear in the Financial Times and a thought piece on private sector involvement in the developing world appeared in the April 2005 issue of the Milken Institute Journal.

    Alan holds a BS in finance from Ohio State University and an MBA from Columbia University Graduate School of Business.

    Jesse Lawrence, Associate, Updata Partners Jesse Lawrence, Associate, Updata Partners

    Jesse joined Updata full-time in May of 2003 after an 8-month internship. Jesse is actively involved in identifying new opportunities within the enterprise software market for Updata as well as managing the Updata Internship Program.

    Jesse graduated from Columbia Business School in 2003 with a concentration in Finance. Prior to Columbia, he worked at The Wedding List and BrowseUp, where he led growth-stage strategy and business development efforts.

    Douglas M. Chertok, Senior Managing Director, Hudson Ventures Douglas M. Chertok, Senior Managing Director, Hudson Ventures

    Doug Chertok is a Senior Managing Director at Hudson Ventures. Doug focuses on investments in enterprise software and services, with a particular interest in online advertising, marketing and communications. Doug works with several of Hudson's companies, and serves on the Board of Directors of Pivot Solutions, Poindexter Systems, and E-Tran and is an adviser to Netkey, inQ and The Relegence Corporation.

    Before joining Hudson in 2000, Doug worked with many public and private companies as an attorney, in executive management and as a founder. Most recently, Doug practiced law at Morrison & Foerster where he represented early stage technology companies in venture financings, IPOs, mergers and acquisitions, employment and intellectual property matters. Prior to that, Doug held several operating positions within the real estate and casino gaming industries, most recently as a Corporate Director of Lady Luck Gaming Corporation, which following its IPO, was sold to Isle of Capri Casinos (Nasdaq: ISLE). Doug began has career by founding and operating a New York based food manufacturing and distribution company.

    Doug lives in New York City, and earned degrees from Cornell University and New York University.

    Shayne Veramallay, Associate, NJTC Venture Fund Shayne Veramallay, Associate, NJTC Venture Fund

    Shayne joins NJTC Venture Fund from Salomon Smith Barney's Private Equity Group where he focused on the healthcare, biotech, and communications industries for middle to later stage private companies specializing in PIPE financings. Shayne focuses on advanced materials (including nanotechnology), energy, and biotech. Shayne attended Indiana University for his undergraduate degrees in Finance and International Business.

    Arun Savkur, Managing Director, Quantum Fund LLP Arun Savkur, Managing Director, Quantum Fund LLP

    An IBM corporate senior management type turned serial entrepreneur and now a venture capitalist/angel investor, matured by launching four successful start-ups and capitalizing them through liquidity events (without “going public”) wooing corporate buy-ins, private sales and spin-offs in the 1980-90s in fields that range from electronics, software and telecom which were based primarily in design/development & OEM manufacturing. Following a strict philosophy of “fully reinvesting of one’s profits, globally and on a cross-industry basis to balance one’s portfolio and mitigate economic risk ”, has been able to leverage rapid equity growth and ownership in large infrastructure projects each exceeding $100 million in areas of power, telecom, mining and media.

    Then, since the late 1990s he has worked as a lead investment banker for three private equity, LBO and hedge funds and has a track record in raising major private equity funds and project financing of over $1 billion in last 3 years.

    Is an active non-executive Director on Board of Directors of four major global corporations. Also, is an Executive Director on the Board of Directors of 2 major corporations

    In addition, to being the Managing Director of Quantum Fund LLP, he also heads his angel fund with a close group of investors, Nanoinvest LLP and has invested over $3 million in 10 start-up ventures over last 2 years in nanotechnology, wireless, media and renewable energy.

    He has been on several US governmental and Presidential delegations to Asia , Europe and South America to foster trade and technology transfer with special interest in Greater China , Eastern Europe and West Africa. Has a Masters from University of Wisconsin and Bachelor of Engineering from BITS, India

    Todd Pietri, General Partner, Milestone Venture Partners Todd Pietri, General Partner, Milestone Venture Partners

    Mr. Pietri is a General Partner of the Fund and brings a unique combination of information technology and financial expertise to its management. After graduating cum laude from Duke University in 1989, Mr. Pietri acquired operating experience in technology, first in voice processing and later in enterprise resource planning ("ERP") software.

    From 1992 to 1997, he ran the IT consulting and direct sales divisions of CompuSystems, an ERP software developer and provider of IT consulting services to industrial distributors and manufacturers. He earned his MBA while working full-time for CompuSystems, graduating in a tie for first in his class from the Executive MBA Program at the Robinson School of Business at Georgia State University. After business school, he joined Callier Interests, a turn-around leveraged-buy-out firm in Houston, Texas (founded by Jim Callier – Harvard Business School, McKinsey & Co., former General Partner of Wingate Partners).

    Subsequently he served as Vice President at Legacy Securities Corp of Atlanta, Georgia, a leading regional investment / merchant banking boutique. There he co-founded Legacy’s Technology and Communications Investment Banking Group, which completed a number of high profile Technology M&A and private institutional capital-raising transactions.

    Mr. Pietri is currently a director of Bizbash Media, Inc. and NavTrak, Inc. and is a board observer of Derivatives Portfolio Management, LLC, ExpertPlan, Inc. and Octagon Research Solutions, Inc. Mr. Pietri is a CFA charterholder.

    Jerry Sprole, CEO, Leasing Technologies (Venture Leasing) Jerry Sprole, CEO, Leasing Technologies (Venture Leasing)

    Jerry is respected in the industry as an innovator. Not only a pioneer in the development of venture leasing and other leading edge lending financing concepts, he has served as a Director of the Eastern Association of Equipment Lessors (EAEL), and as a member of the Debt/Equity Committee of the Computer Dealers and Lessors Association (CDLA).

    Prior to founding LTI, Mr. Sprole was Vice President, Finance and Chief Financial Officer for Intech Capital Corporation, a $100 million vendor leasing company. Previously he held the post of Vice President at First National Bank of Boston, where he was employed for more than nine years in various commercial lending functions.

    Jerry is a graduate of Yale University and the U.S. Navy. His passions include windsurfing and gardening. He is an active volunteer, having been on the Board of Keystone House for the past 12 years, and a former Trustee of The Hotchkiss School.

    John H. Friedman, Managing Partner, Easton Capital John H. Friedman, Managing Partner, Easton Capital

    Prior to founding Easton Capital, John was the founder and Managing General Partner of Security Pacific Capital Investors. Security Pacific Capital Investors was a $200-million private equity fund geared towards expansion financings and recapitalizations. Prior to joining Security Pacific, John was a Managing Director and Partner at E.M. Warburg, Pincus & Co., Inc., where he spent eight and a half years. During his tenure, John was involved in Warburg's investments in Computerland, Tweeds, Babbages’ and US Healthcare. Previously, John was an attorney with Sullivan and Cromwell. He holds a JD degree from Yale Law School and a BA degree from Yale College. John currently serves on the Boards of Conor Medsystems, Renovis, Acorda Therapeutics, Comverse Technology, Trellis Bioscience, YM BioSciences, Assistive Technology, and ModelWire, Inc., and is on the President’s Council at the Cold Spring Harbor Laboratory.

    Ray Mirza, Principal, East River Ventures Ray Mirza, Principal, East River Ventures

    Ray joined East River Ventures after working for several years in Management and High-Tech Consulting for both Deloitte Consulting and Price Waterhouse. During his consulting career, he managed large-scale Enterprise Software, B2B, and E-commerce engagements within the Financial Services, Entertainment, and Technology industries. He also spent time working in the Mergers & Acquisitions group at Robertson Stephens. Ray holds a BA in Economics and Government from Cornell University, a BS in Industrial Engineering from Rutgers University, and an MBA in Finance, Management, and Entrepreneurship from Columbia Business School.

    Patrick Gallagher, Associate, Morgan Stanley Ventures Patrick Gallagher, Associate, Morgan Stanley Ventures

    Mr. Gallagher joined Morgan Stanley in 1995. He spent one year in the Debt Capital Markets Group, one year in the Technology Corporate Finance Department, and two years with Venture Partners. Prior to joining Morgan Stanley, Mr. Gallagher spent two years working in Toyota's Corporate Treasury Department. In 2003, Mr. Gallagher rejoined Venture Partners after working in various business development roles at RealNames, an Internet Services company and former Venture Partners portfolio company. He earned a B.A. in Economics and Literature from Claremont McKenna College in 1993.

    Mr. Gallagher is a Director of Constant Contact and Core Security and is involved with the following portfolio companies: Plateau Systems, Bowstreet and Immobilien Scout.

    Arthur Klausner, Venture Partner, A.M. Pappas & Associates Arthur Klausner, Venture Partner, A.M. Pappas & Associates

    Arthur recently joined AMP&A as a Venture Partner. From 1990 through February 2004, Mr. Klausner was with Domain Associates, a venture capital firm specializing in life sciences companies, serving as a General Partner from 1997 through February 2004. During that time, he was a board member of Domain portfolio companies such as Santarus (IPO in 2004), X-Ceptor (acquired by Exelixis), and Altea Therapeutics, and he was a board observer for Peninsula Pharmaceuticals (acquired by Johnson & Johnson). Previously, Mr. Klausner spent six years at Bio/Technology magazine (now Nature Biotechnology), where as Senior Editor he researched and prepared over 200 articles concerning scientific and business aspects of applied biology. Mr. Klausner holds a BA in Biology from Princeton University and an MBA from Stanford University.

    Moderator: Michael Rennock, Partner, Morrison & Foerster <B>Moderator:</B> Michael Rennock, Partner, Morrison & Foerster

    Michael J.W. Rennock is a transactional attorney whose practice focuses primarily on corporate finance and securities, mergers and acquisitions, and venture capital. He also counsels corporate clients on a regular basis with respect to corporate and securities law matters. He represents issuers, investors and investment banks in a variety of financing transactions, including public offerings and private placements of equity and debt securities. He has worked on convertible and high-yield debt financings, Rule 144A offerings, various financing transactions in Latin America, mergers and acquisitions, leveraged buyouts, recapitalizations, project financings, spinoffs, secured and unsecured borrowings and joint ventures.

    Mr. Rennock represents public and private companies in a wide variety of industries, including telecommunications, wireless communications, electronic data transmission and fiber optic cable, retail, health care, child care, banking, energy and transportation. He also advises various venture capital firms and private companies in venture capital transactions.

    Mr. Rennock is a member of the Diversity Committee of the Association of the Bar of the City of New York.

    Moderator: John Hempill, Partner, Morrison & Foerster <B>Moderator:</B> John Hempill, Partner, Morrison & Foerster

    John Hempill acts as general outside counsel for a number of privately and publicly held companies in a variety of industries. He has extensive experience in private and public finance, ranging from representing private emerging growth companies, venture capital funds and strategic investors in seed rounds and later stage private equity financings, to representing public companies and underwriters in public offerings, as well as 144A and PIPEs financings.

    Mr. Hempill is also an experienced mergers and acquisitions lawyer for both public and private companies, having advised clients in acquisitions and dispositions of assets, as well as in other customary negotiated business combinations. He has represented venture capital and other private equity funds in their formation and capitalization. His practice also involves negotiating and documenting strategic alliances and joint ventures, and providing advice on SEC and stock market regulations for public companies.

    Mr. Hempill is experienced in the origination and workout of project finance transactions, focusing on the recycling industry. He has participated in numerous other types of out-of-court workouts and Chapter 11 cases.

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