|[March 07, 2012]
USVP Promotes Rick Lewis to General Partner
MENLO PARK, Calif. --(Business Wire)--
U.S. Venture Partners (USVP), a leading early-stage venture capital
firm, today announced that Rick Lewis has been promoted to General
Partner, effective immediately. This new role recognizes Rick's
development into an emerging leader in enterprise software and security,
mobile, and consumer internet investing. Rick led USVP's successful
investments in myYearbook.com (acquired by Quepasa, NYSE:QPSA) and
Intermolecular (IPO, NASDAQ:IMI). Rick currently leads USVP's
investments in Act-On Software, ScoreBig, ThreatMetrix, Trunk Club,
Wayin, and Yammer (News - Alert). Rick also has contributed to USVP's investing
activities in energy-efficiency technology, including Redwood Systems
and Xicato. Rick joins six other General Partners leading USVP.
"As USVP proceeds into its fourth decade, transition has become part of
its life," said Irwin Federman, General Partner at USVP. "It is
self-evident that shifting technology emphasis, accompanied by dramatic
market redefinitions, demands fresh perspectives and the constant
grooming of new leadership. However, the successful construct of an
enduring firm depends upon a constancy of values, not onlyappropriate
talent. It is thus a thrill for me to welcome Rick Lewis as a General
Partner of our firm. To all who know him, and to the many more who will
in the decades ahead, Rick's accession to the role of General Partner
speaks loudly to the quality of our firm's future."
"Rick has delivered for ThreatMetrix," said Reed Taussig, CEO of
ThreatMetrix. "As a board member, Rick has brought to the table
insightful practical judgment combined with solid technical expertise.
He also has made valuable business introductions that have resulted in
significant revenue for the company. Working with Rick has been, and
continues to be, a great experience."
"Rick has been a steady hand on the wheel since his joining the Board of
myYearbook in 2006," said Geoff Cook, co-founder of myYearbook. "Rick
brought a product sense, a command of social and mobile, and a level of
rigor to the Board that played a major role in achieving our success.
Rick has an abiding respect for the role of the entrepreneur and a rare
clarity on the role of the Board member that makes him a pleasure to
work with, especially in those moments of strategic uncertainty that
most measure the mettle of a company. I congratulate him on his role and
look forward to continuing to work with him in this next chapter of his
U.S. Venture Partners (USVP) has helped entrepreneurs build world-class
companies for more than thirty years, yielding 79 IPOs and many more
successful acquisitions. The USVP team consists of experienced investing
and operating professionals, with considerable domain and management
expertise. USVP focuses on early stage opportunities in business and
consumer services, enterprise software and security, infrastructure,
biopharmaceuticals, and medical devices. Recent successes include Adify,
Dotomi, Guidewire, Imperva, Intellikine, Intermolecular, Lutonix,
MaxLinear, myYearbook, Optichron, Proteolix, and Revolution (News - Alert) Money.
Examples of promising companies in USVP's portfolio include Act-On
Software, Box, GoPro, HeartFlow, Intersect ENT, LivingSocial, ON24,
OncoMed, Redwood Systems, ScoreBig, SentreHEART, Smartling,
ThreatMetrix, Total Beauty, Trunk Club, Trusteer, Xicato, and Yammer.
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