Nanotechnology Now - Press Release: "Dave Chen Moving to Venture Partner"

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Abstract:
Early-stage venture capital firm OVP Venture Partners (OVP) announced today that partner Dave Chen will transition to part-time venture partner effective July 1, 2007. He will retain an economic interest in the firm's most recent two funds while moving to independently pursue opportunities in sustainability and new and emerging markets.

Dave Chen Moving to Venture Partner

PORTLAND, OR | Posted on April 6th, 2007

"Dave brought a high degree of energy and intelligence to OVP. He has tremendous passion in the areas of sustainability and emerging markets, and we encourage and support his pursuit of new opportunities in these areas," said Chad Waite, General Partner at OVP.

OVP is currently investing its seventh fund of $250 million and recently added two new partners to its investing team. The firm now has over $750 million in capital under management.

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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, John Hull and Dave Chen in Portland. Chad Waite serves on the Board of the National Venture Capital Association (NVCA).

For more information, please click here

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

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