VC INNOVATION COUNCIL:
CTIA’s VC Innovation Council background:
In 2010, CTIA - The Wireless Association® formed the VC Innovation Council. Select venture industry
partners communicate with CTIA on wireless innovation trends, best practices, and global
developments that are affecting VC investment choices. VC investments greatly impact the wireless
industry by funding innovation which is a key driver of wireless industry growth into the future. VC
investments in the mobile industry reached $6 billion in 2010. VC Innovation Council members serve to
assist CTIA reach its’ mission to foster wireless innovation by identifying broad industry wide growth
potential and areas in which impediments can be overcome with CTIA-lead task forces. Kate
Kingberger, Director of Wireless Internet Development at CTIA, leads the Council.
VC INNOVATION COUNCIL MEMBERS:
Accel Partners
Company Info:
Founded in 1983, Accel Partners is a leading venture capital and growth equity investment firm, working
with outstanding entrepreneurs to build world-class businesses. Accel today manages over $6B globally
using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto,
London, New Delhi, Bangalore and China through our partnership with IDG-Accel. Accel has helped
entrepreneurs build over 300 successful companies, many of which have defined their categories,
including Facebook, Groupon, ComScore, AdMob, Etsy, Kayak, Macromedia, MetroPCS, Playfish,
QlikTech, Rapt, Real Networks, Redback Networks, Riverbed, SunRun, UUNet,
Veritas, Walmart.com, and others. For more information, please visit us on
Facebook at www.facebook.com/accel.
Management Info:
Richard Wong, Partner
Richard joined Accel in 2006, with an interest in software, mobile and internet
services, and energy technologies. Rich currently serves on the boards of Atlassian,
the leader in software for streamlining product development; SunRun, the leading
provider of residential solar power; Getjar Networks, the largest mobile
development community and open mobile app store; Parature, a leader in SaaS based customer
support; and 3LM, a mobile company in stealth. Rich previously led Accel’s investment and served on
the Board of Admob (acquired by Google).
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Prior to Accel, Rich was SVP/GM of Products at Openwave and previously GM of Messaging Products,
and Chief Marketing Officer at Openwave. While at Openwave, Rich founded and chaired the Messaging
Anti Abuse Working Group, a consortium of ISPs and technology providers working together to combat
internet abuse.
Previously Rich was the Chief Marketing Officer and EVP/GM of Value-Added Services at Covad
Communications, the DSL provider. Preceding Covad, he was a management consultant for McKinsey &
Company, focusing on software and consumer technology. Rich started his career as a Brand Manager at
Procter & Gamble
Mr. Wong holds a B.S. in Materials Science and Engineering from the Massachusetts Institute of
Technology and received his MBA from the MIT Sloan School of Management.
Khosla Ventures
Company Info:
Khosla Ventures: a venture capital firm run by people who listen to, analyze, and advise entrepreneurs.
We manage a main fund that supports early- and late-stage investments and a seed fund for developing
very early-stage experiments. We focus on next-generation energy projects, new materials, mobility, the
Internet and silicon technology. Our firm was established in 2004 by Vinod
Khosla, who helped turn a computer science project into Sun Microsystems, a
multibillion-dollar phenomenon.
Management Info:
Dave Weiden, Partner
Beginning in door-to-door sales in high school, David learned to build businesses
one deal at a time. One sales pitch led to a full-time job at McCaw Cellular, now
AT&T. In the mid-1990's at Morgan Stanley, he helped finance the build-out of
nationwide mobile networks working with what is now T-Mobile and Verizon, and he later researched
the emerging mobile Internet.
After being told in 1995 by his employer Morgan Stanley that email would never be used for business,
David jumped at the chance to join Netscape, where he learned from some great leaders and managers.
After pitching in on strategy, he led the Directory and Security division, which offered among the first
commercial products supporting Linux and open source. Later David led AOL's Communications,
Community, and Instant Messaging product divisions as they surpassed 50M users worldwide. David
then joined Tellme Networks as SVP of marketing & and business development. Using a quantitative
framework called Rifle, his team helped grow the company's revenue beyond $100M and to
profitability. Microsoft subsequently acquired Tellme.
David's investment focus includes Internet software, digital media, and services and communications. A
number of David's investments have been significant acquisitions or had IPOs including Bitfone (HPQ),
Good Technology (MOT), Ingenio (T), LogMeIn (LOGM), Opsware (HPQ), and Tellme (MSFT). He has been
recognized by Forbes as one of the top investors under 40.
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David grew up in Seattle and graduated from Harvard magna cum laude, with highest honors in the
special major Organizational Behavior and Economics. He took additional coursework in engineering at
MIT and NYU. He lives with his family in Portola Valley, California.
Kleiner Perkins Caulfield & Byers
Company Info:
Kleiner Perkins Caufield & Byers are passionately committed to helping our portfolio companies
succeed. We know that it takes more than solid financial support to get a company off the ground - we
help make things happen. We deeply believe that teams win.
Entrepreneurs gain access to our matched portfolio of companies and
associations with global business leaders. These relationships are the
foundation for strategic alliances, partnership opportunities and the sharing of
insights to help build new ventures faster, broader and with less risk.
Management Info:
Matt Murphy; Partner
Matt Murphy is a Partner at Kleiner Perkins Caufield & Byers; he joined in 1999.
Matt manages the iFund at KPCB, a collaborative initiative with Apple focused
on funding and building defining applications on the iPhone OS platform and the
mobile internet. His expertise is in network communications, compute infrastructure, and mobile
applications. Matt is either a Director or works closely with the management teams of Booyah!, GOGII,
Pelago, Shazam, shopkick, Kodiak Networks, RGB Networks, Stoke, Aerohive Networks, and Puppet Labs.
Previously, Matt was a board observer at Google (from initial investment to IPO) , led KP's investment in
Autonavi (NASDAQ: AMAP '10), and was a Director at Ocarina Networks (acquired by Dell '10),
Peakstream (acquired by Google '08), Dash Navigation (acquired by RIM '09).
Prior to KPCB, Matt led product management at a semiconductor start-up (Netboost acquired by Intel)
and worked at Sun Microsystems where he led business development for the Network Systems Group
and was a Product Line Manager for networking platforms. He also worked in strategic and technical
consulting for a number of years at Booz, Allen, & Hamilton and Accenture. Matt holds a BS in Electrical
Engineering from Tufts University and an MBA from the Stanford Graduate School of Business.
Norwest Venture Partners
Company Info:
Norwest Venture Partners, a global VC firm, has actively partnered with entrepreneurs to build great
businesses for 45+ years. NVP focuses on investments in information technology including: software,
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services, enterprise and communications systems, semiconductor/components and Internet, media and
consumer. NVP manages more than $2.5 billion in venture capital. Managing Partner Promod Haque has
been ranked as a top dealmaker on the annual Forbes Midas List for the past three years. In 2004,
Forbes named him as the #1 venture capitalist worldwide based on performance over the last decade.
NVP has funded over 400 companies in the U.S. since inception, as well as several direct investments in
India and more than 20 cross border companies. Some of the firm’s recent investments and transactions
include Adventity, Airespace (acquired by Cisco Systems), deCarta, KACE, mBlox, Omneon, Open-Silicon
(acquired by Unicorn Investment Bank), Persistent Systems, Rackspace, Resonext Communications
(acquired by RF Micro Devices), SideStep (acquired by Kayak), Spinnaker Networks (acquired by Network
Appliance), Veraz Networks, Winphoria Networks (acquired by Motorola), Yatra, and Yipes (acquired by
Reliance/Flag Telecom). 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.
Management Info:
Timothy Chang, Principal
Tim brings a combination of operational, technical and international business
experience to Norwest Venture Partners. Tim focuses on investments in mobile,
gaming, digital media, and also leads NVP's investment practice in China and AsiaPacific. Tim led NVP's investments in and joined the boards of directors of ngmoco,
PCH international, AllReach Media, Lumos Labs, Brite Semiconductor and 3jam. He
also led NVP's investment in Branchout, a career networking application for social networks and social
media, and Playdom (acquired by Disney), a leader in social gaming. Tim is a board observer working
closely with Borqs, deCarta and Veveo.
OPENAIR Ventures
Company Info:
OPENAIR Equity Partners is a venture and private equity firm focused on the emerging wireless
revolution. The firm focuses on wireless technology innovation the transformative effect of mobility on
consumer and enterprise business models. The OPENAIR partners have six collective decades of carrier
operating experience, have been integral in billions of dollars in venture and private equity transactions,
and maintain a vast network of decision makers among carriers, equipment
manufacturers, investors, entrepreneurs and other influencers across the global
wireless ecosystem.
Management Info:
Scott Ford, Managing Director
Scott Ford is a Managing Director of OPENAIR Ventures, a v`enture capital and
private equity firm focused on the explosive growth of mobility and the associated
industries impacted by wireless technology. OPENAIR Ventures is organized with
seasoned wireless operating veterans who are adept in identifying and mentoring early and growth4
stage wireless ventures in a highly complex industry. Employing an experiential lens of practicality and a
vast global network, the firm is equipped to optimize high-potential opportunities operating to thrive
within the Mobile Revolution.
Scott is founder and former general manager of Sprint Nextel Ventures (SNV), Sprint’s corporate venture
capital unit. During his time as leader of SNV, Scott and his team funded and managed direct
investments in strategic wireless start-up companies. He also led business development efforts for
Sprint, directing a team responsible for discovering, executing, and managing hundreds of partnerships
delivering greater than $1B in contract value. Scott is recognized in the wireless industry as a
knowledgeable industry influencer with the rare experience of carrier-side innovation realization
coupled with a very solid venture and start-up market reputation and network
Scott is a Desert Storm veteran and flew more than 300 combat hours (3,000 total) aboard Navy P-3C
aircraft. It is through his military experiences that he developed his passion for mobile technologies
having operated sophisticated airborne electronic warfare equipment during his years as a Naval
Aviator.
Redpoint Ventures
Company Info:
Redpoint Ventures teams up with exceptional entrepreneurs to help build industry defining technology
companies. Redpoint partners have many decades of experience and success in technology investing;
combined with this foundation, the firm is able to leverage a thriving network of entrepreneurs,
partners, and industry experts to accelerate building market-leading companies. Redpoint’s portfolio
includes innovative start-ups like Scribd, LifeSize, Blue Kai, HomeAway, Solyndra, Topspin Media, Gaia,
Fortinet, Answers.com, and others. Redpoint partners have also backed industry leading companies such
as MySpace, Netflix, Danger, TiVo, Juniper Networks, Foundry Networks, Ask.com, Zimbra, RightMedia,
and Documentum. Redpoint was founded in 1999 by partners from two of the top firms in the venture
capital industry and currently has over $2 billion under management. The firm is
headquartered in Menlo Park, CA with offices in Los Angeles and Shanghai, China.
Management Info:
Scott Raney, Partner
Scott Raney is a Partner with Redpoint Ventures focusing on information and
consumer technology with a particular emphasis on enterprise software and
infrastructure, mobile technology and services, and social gaming. Scott serves on
the board of directors of adap.tv, Jumptap, mig33, Heroku, SimpleGeo and
LetsTalk, and is involved with Redpoint's investments in Expensify, Cloud.com, Scribd, MobiTV, Gaia,
Cortina and Kodiak Networks.
Prior to joining Redpoint, Scott served as Senior Manager of New Products with NorthPoint
Communications, a data CLEC providing nationwide DSL services. Scott managed NorthPoint's first
consumer product and led product development of other new products. Prior to NorthPoint, Scott
worked as a management consultant at Bain & Company, where he helped clients in the private equity
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and telecommunications industries. Previously, Scott was the Director of Engineering for VideoPort
Technologies, a developer of videoconferencing hardware. Scott began his career at Andersen
Consulting as a member of the Advanced Technology Group where he assisted clients in the
telecommunications industry. Scott holds a B.S.E.E., with high distinction, from Duke University and an
M.B.A. from the Harvard Business School.
SeaPoint Ventures
Company Info:
SeaPoint Ventures invests in early stage communications companies in the wireless, broadband and
network transactional infrastructure sectors. The partnership’s strength is derived from the extensive
operational and entrepreneurial backgrounds of the individual partners, as well as its strategic
affiliations and strong reputation within the venture capital and wireless
communications industries. Partners at SeaPoint actively contribute their
experience, relationships and ideas to the firm’s portfolio companies.
SeaPoint’s strategy is to lead deals and syndicate with other quality investors.
We employ our in-depth industry knowledge and operational experience,
through board participation and hands-on involvement, into building
successful businesses. SeaPoint invests in companies that have the potential to be leaders in large
growth markets, with technologies that enable significant market trends to occur, and we are typically
the first institutional investor in our portfolio companies. Specifically, we invest in the following sectors:
Wireless/ Telecommunications infrastructure and Internet Transactional infrastructure.
Management Info:
Tom Huseby; Managing Partner
In 1997 Tom formed SeaPoint Ventures. Prior to forming SeaPoint Ventures, Tom co-founded and was
the first CEO of Metawave Communications Corporation, a manufacturer of cellular infrastructure
equipment. Before Metawave, he was the first president and CEO of Innova Corporation, a
manufacturer of digital millimeter wave radios. Tom spent the first seventeen years of his career at
Raychem Corporation where he held a variety of executive positions in Europe, South America and the
U.S. His last position at Raychem was Group Vice President of the Industrial Products Group.
Tom is currently Chairman of the Board of Airspan, Ground Truth and Zumobi, and a board member of
Hubspan, Kineto Wireless, Modiv Media, Mojix, Photobucket, and SinglePoint. He is past chairman of
Qpass, SNAPin Software, Telecom Transport Management and past board member of Tegic
Communications. In addition to his duties at SeaPoint Ventures, Tom serves as a venture partner at Oak
Investment Partners, and Covera Ventures and is a strategic advisor to Voyager Capital.
Tom has a Bachelor’s degree in Economics and a BSIE from Columbia University and an MBA from
Stanford University.
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Venrock Ventures
Company Info:
Venrock Team: The professionals at Venrock offer a balance of industry expertise, judgment, dedication
and integrity that has made the firm an effective partner of entrepreneurial teams since our inception in
1969. By acting as a catalyst for company growth, Venrock delivers results through strategic insight,
operating guidance and business development activities.
The 22 investment professionals of Venrock bring extensive knowledge and domain expertise to our
business-building partnerships with our portfolio companies. Our deep involvement at the board level
increases the likelihood and scale of the entrepreneurs' success. Venrock has invested in 442 companies,
72% in IT and energy sectors, 28% in healthcare; 117 are currently held, 125 resulted in IPOs and 128
exits were M&As. Venrock's collaboration with entrepreneurs brings investment returns that have
achieved consistently superior performance since 1969.
Ultimately, it's about the investment team working closely with the entrepreneur to
shape strategy, build organizations, attract talent and customers, and develop critical
industry alliances. The Venrock endorsement adds value and increases visibility for the
entrepreneur.
Management Info:
Dev Khare, Vice President
With a rich background in product management, marketing and international finance,
Dev brought his entrepreneurial experience to Venrock in 2006. Prior to Venrock, he held leadership
positions in Symbol Technologies’ Mobile Software Division. He joined Symbol in 2003 after its
acquisition of Covigo, a mobile application software company he co-founded in 1999. Prior to Covigo, he
held marketing and product management positions at CrossWorlds Software, a Venrockbacked enterprise software company, before its sale to IBM.
In addition to his involvement in software, Dev was an investment banker with Donaldson, Lufkin &
Jenrette and with Jefferies & Company. Dev worked in India for DLJ Merchant Banking in private equity
and Aditi Technologies in business process outsourcing and software services. He founded
IndiaEntrepreneurs, a grassroots forum for entrepreneurs and investors and brings a wealth of
knowledge to entrepreneurs focused on global opportunities in the mobile and new media arenas.
Education: B.S., Economics, the Wharton School of the University of Pennsylvania, magna cum laude.
B.S., Computer Science and Engineering, University of Pennsylvania, magna cum laude, Benjamin
Franklin Scholar. M.B.A., Harvard Business School, Kauffman Entrepreneur Intern
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CTIA-The Wireless Association®
Company Info:
CTIA-The Wireless Association® is an international nonprofit membership organization that has
represented the wireless communications industry since 1984. Membership in the association includes
wireless carriers and their suppliers, as well as providers and manufacturers of wireless data services
and products.
The association advocates on behalf of its members at all levels of government.
CTIA also coordinates the industry’s voluntary efforts to provide consumers with a
variety of choices and information regarding their wireless products and services.
This includes the voluntary industry guidelines; programs that promote mobile
device recycling and reusing; and wireless accessibility for individuals with
disabilities.
Management Info:
Development
Kate Kingberger, Director, Wireless Internet
Kate Kingberger is Director, Wireless Internet Development at CTIA. Kate’s focus
areas at CTIA are currently Mobile Financial Services and Location Based Services
and has worked with the wireless carriers to develop Best Practices and Guidelines in each of these
areas. She has been with CTIA for over 5 years in the Wireless Internet Development department whose
mission is to develop solutions which overcome impediments to consumer wireless product adoption.
She is recognized in the wireless industry as a connector of key persons, and the person to know to get
things done, and for her keen strategic insight. Kate earned her MBA from University of Chicago in
Strategy and Marketing; her undergrad is in investment Finance from DePaul University. She worked in
Investment Finance as an equity analyst and portfolio manager for high net worth individuals for 7 years
prior to her MBA.
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