Reid Dennis

Who is Reid Dennis?

Reid Dennis has been an active individual investor and a corporate

venture capital investor since 1952. As an individual venture investor,

Reid was personally involved with early-stage investments in Acurex,

American Microsystems, Ampex, California Microwave, Coherent Radiation,

Measurex , and Ultek. As a corporate executive, Reid was responsible

for the successful entry of Fireman's Fund Insurance Company, and then

the American Express Company, into the venture capital field. He

represented them as a member of the Board of Directors at Recognition

Equipment, The Reed Tool Company, and Storage Technology Corporation.

While at American Express, Reid was also responsible for managing six

publicly-traded mutual funds. After 21 years with the two companies,

Reid resigned from American Express in order to form Institutional

Venture Associates in 1974 and, subsequently, Institutional Venture

Partners in 1980.

As the founder of IVP, Reid has served

as a General Partner of all of the IVP funds. Reid was an early

investor in and a Director of Exabyte Corporation (EXBT), Seagate Technology (STX), Sequent Computer Systems (acquired by IBM), and Stratus Computers

(acquired by IBM). Reid serves as a General Partner of IVP on a

part-time basis, sourcing and evaluating investment opportunities and

providing strategic advice to portfolio companies.

Reid

is a past Chairman and President of the National Venture Capital

Association ("NVCA") and a past President of the Western Association of

Venture Capitalists ("WAVC"). In April 2000, he received the "Lifetime

Achievement Award" from the NVCA. Reid was also a founder and an

original alumni investment manager of both the Stanford Business School

Trust and the Stanford Engineering Venture Capital Fund. He has served

on the Board of Directors of the San Francisco Opera Association for 38

years, including 14 years as Chairman.

Reid earned a B.S. in Electrical Engineering and a M.B.A. from Stanford University.