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| [August 21, 2007] |
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Norwest Venture Partners Hires Joshua Goldman as Venture Partner
PALO ALTO, Calif. --(Business Wire)-- Norwest Venture Partners (NVP), a global technology venture capital firm, today announced the addition of Joshua Goldman as venture partner. Mr. Goldman brings more than 20 years of operational experience to NVP, having been an entrepreneur, CEO and board member of several high-growth technology companies. He joins two recent additions to NVP, Sergio Monsalve (former VP of marketing at Photobucket and eBay GM), and Tim Chang (former principal at Gabriel Venture Partners and executive at Gateway), who are a part of a dedicated team focused on seed, early and mid stage investments in the Internet services, consumer technology and media sectors.
"Josh has extensive entrepreneurial experience and a proven track record in running and growing companies at multiple stages of their growth, which will help drive and nurture NVP's investments in the consumer Internet sector," said Promod Haque, managing partner, NVP. "With the addition of Josh, Tim and Sergio this year, we've increased our focus and expertise in the digital media and consumer Internet markets, and we have an active investment group in place pursuing innovative opportunities. We are also focused on growing NVP's presence locally and globally, and we continue to make a variety of new investments, at various stages, across a wide range of technology sectors, including software, services, enterprise and communications systems, and semiconductor/components."
"NVP knows what it takes to build businesses. The firm has a deep understanding of technology, a vast network of contacts and investments in a wide range of companies at various stages of growth," said Goldman. "I'm pleased to be joining the NVP team. I'm excited to contribute my knowledge and experience in the consumer-facing Internet sector to help continue NVP's track record of success and add to the firm's investments in top quality entrepreneurs and companies."
Prior to joining NVP, Mr. Goldman spent more than 20 years as a repeat entrepreneur, CEO, board member and investor of several high-growth technology companies. Most recently he served as CEO of Akimbo Systems, Inc., a company backed by Cisco, AT&T and leading venture capital firms, which delivers video-on-demand content to large service operators and set-top makers including AT&T.
Previously, Mr. Goldman was an Entrepreneur-in-Residence at Sprout Group, a venture capital affiliate of Credit Suisse. Prior to Sprout Group he was President and CEO of mySimon, Inc., a pioneer in online comparison shopping services. At mySimon Mr. Goldman oversaw all aspects of the company's growth into one of the largest and best-known consumer ecommerce companies, culminating in its acquisition by CNET Networks in early 2000 for $730 million. Following the acquisition he was named President of CNET's Consumer Division.
Earlier in his career Mr. Goldman held management roles at USWeb/CKS, a company which went public and was then acquired by Whitman-Hart Inc.; Softbank Content Services, which was acquired by Logistix, Inc.; Phoenix Technologies, Inc. and Apple Computer.
Mr. Goldman also served on the Board of Directors at Synaptics, Inc. through its initial public offering as well as Ask Jeeves until it was acquired by IAC/Interactive Corp for $1.9 billion. In addition, he served on the Board of Directors at PremierGuide, Inc., which was acquired by Local.com and Akimbo Systems, Inc. He also served on the Board of Advisors at Zedo, PremierGuide and Hyperpia. Mr. Goldman holds an MBA from Harvard Business School and a Bachelor of Science with honors degree in Computer Science from Tufts University.
About Norwest Venture Partners
Norwest Venture Partners (NVP) is a global venture capital firm that has partnered with entrepreneurs to build great businesses for more than 45 years. NVP focuses on investments in information technology including: consumer Internet and media, software, services, enterprise and communications systems, and semiconductor/components. The firm currently manages more than $2.5 billion in venture capital out of its office in Palo Alto, California.
NVP has funded over 400 companies since inception. Some of the firm's recent investments and transactions include Airespace (acquired by Cisco Systems), deCarta, mBlox, Resonext Communications (acquired by RF Micro Devices), Spinnaker Networks (acquired by Network Appliance), TURN, and Winphoria Networks (acquired by Motorola). NVP has also funded such market leaders as Actel Corporation, Cerent (acquired by Cisco Systems), Documentum, Extreme Networks, Forte Software (acquired by Sun Microsystems), PeopleSoft and Tivoli Systems (acquired by IBM). For more information, please visit www.nvp.com.
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