Nanotechnology Now - Press Release: "OVP Announces New Partner"

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Abstract:
Early-stage venture capital firm OVP Venture Partners (OVP) announced today that Mark Ashida has joined its investing team. Mr. Ashida will focus on security, networking and infrastructure investments, building upon his broad technology industry experience and his most recent experience as General Manager of Windows Enterprise Networking at Microsoft Corp.

OVP Announces New Partner

KIRKLAND, WA | Posted on February 28th, 2007

"Mark is the best of all worlds - a strategic thinker with operational experience. He has a deep understanding of technology, markets and competition but at the same time can maintain a high-level strategic focus," said OVP General Partner and NVCA board member Chad Waite. "We're thrilled to have him join our team."

Mr. Ashida brings 25 years of technology expertise and management experience to OVP, deepening and broadening the firm's unique balance of investing and operating experience among its partners. Prior to joining OVP, Mr. Ashida served as General Manager of Windows Enterprise Networking at Microsoft Corp. There he was responsible for Microsoft's networking infrastructure and security servers, representing over $450 million in enterprise sales. He was also responsible for Network Access Protection, or NAP, a new feature included in Vista and in the upcoming Windows Longhorn Server.

Prior to Microsoft, Mr. Ashida was Chief Operating Officer at InterTrust, a public digital rights management company sold to Philips for $453 million in 2002. Mr. Ashida has also been a turnaround CEO for a number of networking security and software startups in Silicon Valley. He graduated from Harvard Business School and Pomona College and resides in Seattle with his family.

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About OVP Venture Partners
For over 24 years, OVP Venture Partners has led the drive into new, high-growth technology markets in the Pacific Northwest. OVP’s strategy of focusing on early stage investments in defined spaces has yielded proven results; the firm’s record of 52 liquidity events – including 22 IPOs – leads the region. The OVP team has a passion for working with ground-breaking entrepreneurs and high-caliber investors, and is known for its track record and personal integrity. OVP has over $750 million in capital under management and is currently investing its seventh fund.

OVP has offices in Seattle and Portland and concentrates on opportunities at the intersection of technology’s next big waves and foundational strengths native to the region. The firm’s recent activity has included deals in communications, software, security, semiconductors, digital biology, and nanotechnology.

The OVP team includes investing partners Chad Waite, Lucinda Stewart, Mark Ashida, Rick LeFaivre and Carl Weissman in Seattle and Gerry Langeler, Dave Chen and John Hull in Portland. Chad Waite serves on the Board of the National Venture Capital Association (NVCA).

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Contacts:
OVP Venture Partners
Sara Morris, 206-851-5590

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