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 Management
Team |
 Venture
Partners and Advisors |
Limited
Partners |
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FORMATIVE'S VENTURE PARTNERS AND ADVISORS
Mike Boich was most recently a partner at Interwest, a Menlo Park-based venture firm that he joined in 2005. Prior to Interwest, he worked as an investing partner at Alta Partners, a San Francisco-based venture firm that he joined in January of 2003. Boich has over 20 years of operating experience as a seasoned executive of venture-backed companies, having been involved with some of Silicon Valley’s most successful start-ups. Boich was most recently the Co-Founder, President and CEO at Eazel, Inc., a pioneer Open Source company, backed by Accel Partners, whose software is now part of all major Linux distributions. Prior to Eazel, Boich co-founded Rendition, Inc., a fabless semiconductor firm whose breakthrough graphics-rendering engine pioneered the integration of high-performance three-dimensional graphics into PC graphics controllers. Boich wrote the business plan, raised capital from venture firms Interwest, Matrix, and Enterprise Partners and led the company that became the first to combine high quality texture-mapped graphics and legacy PC graphics into single low-cost component. Rendition was acquired by Micron Technology for $125M in 1997. From 1986 to 1994, Boich was Co-Founder, President and CEO at Radius, Inc., which grew to be a $300 million supplier of graphics hardware and software for the Apple Macintosh. Boich wrote the business plan, raised the money from pioneer venture firms Kleiner Perkins and Interwest, and grew the company from $0 to $120M in revenue. In 1990, Boich led the company through a very successful IPO. He remained as Chairman and then as a Director until the company merged with Media100 in 2000. Prior to Radius, Boich was a creator of Apple's software evangelism team for the Macintosh. He was principally responsible for the Apple-Microsoft relationship that resulted in creating hugely successful software applications such as Excel, Word, and other Microsoft applications for the Macintosh. Boich graduated from Stanford University in 1977 with bachelor of arts degree in
economics, and in 1981, he received his MBA from Harvard Business
School.
Ziya Boyacigiller is a technology and management consultant for high-tech businesses. He also makes early-stage investments in technology driven start-up companies, and works with them as a mentor or director. Most recently, he was a Business Unit Vice President at Maxim Integrated Products (NASDAQ: MXIM), a NASDAQ 100 semiconductor company. Boyacigiller joined Maxim in 1983 as a co-founder and served in various technical and executive management capacities for 17 years. In 1983, he joined Maxim Integrated Products Inc. as one of the founding members, where he developed technology and products to help grow Maxim to $600M in 15 years. He moved from engineering to business management in 1988 and set up Maxim’s product management and strategic planning organization. From 1993 to 2000, Ziya started and directed Maxim's Signal Processing and Data Conversion Business Unit (as a Vice President and an Officer), growing it to over $300M in revenue, averaging 30% growth per year, at near 80% gross margins. Prior to Maxim, Boyacigiller started E/Z CAD Inc., a pioneer in the PC-based electronics design tools industry. Before E/Z CAD, Boyacigiller worked at Intersil Inc., Sunnyvale CA, where he worked on industry’s first CMOS laser trimmed DACs and CMOS mixed-signal circuits. He designed the world’s first 14bit 25us analog to digital converter (ADC), using EPROM calibration, digital error correction, and non-binary radix (1.85) - when the state-of-art was a 10bit /100us ADC. Boyacigiller holds an MSc in Engineering from UCLA in analog circuit
design and computer sciences, and a bachelor of science degree from Bosphorus University,
Istanbul. Bill Burger has over 30 years of experience in a range executive, sales, marketing and business development positions with both large and small Silicon Valley-based companies. More recently, Burger has been developing extensive skill sets in M&A from both acquiring and acquired sides. Burger was most recently Director of Business Development for Switching Products at Broadcom Corporation, a leading communications IC developer. He was responsible for the StrataSwitch Ethernet Chip family, and closed significant design wins with Cisco, 3Com, Nortel, Lucent and Hitachi, among others. During his tenure at Broadcom, Burger also led the acquisitions of both Allayer Communications and Altima. Burger came to Broadcom via the Company’s 1999 acquisition of Maverick Networks, where he was a co-founder and served as Vice President of Sales and Business Development. He played an instrumental role in negotiating the acquisition by Broadcom. As a founding executive on Maverick’s team, he negotiated key foundry process technology licensing deals, and led the Company’s initial funding agreement with Alliance Semiconductor. Prior to Maverick Networks, Burger was Vice President of Business Development and Foundry Operations at IC Works, a leading Specialty Foundry and Clock Manufacturing Company. While there, he secured the company’s first tier customer base, which included IBM, HP, Compaq, Dell and Seagate. He also formed the company’s Foundry Business Unit, which managed all aspects of the Company’s foundry activities, and resulted in a profitable, $20M business unit, and a subsequent $50M expansion program. Prior to his 6+ years at IC Works, Burger held executive sales positions
at S-MOS Systems, Edsun Laboratories and Adaptec, and prior to those
positions, spent 10 years in a variety of sales management positions
at Intel and HP. Burger has an MSEE from Northwestern University
and a bachelor of science degree in mechanical engineering from the University of Wisconsin.
Jim Burke is the former Chief Financial Officer at Alteon WebSystems, a leading designer and manufacturer of state-of-the-art layer 4-7 web switches. During his tenure, Burke negotiated and closed mezzanine round of private financing, as well as selected the investment banking team that successfully executed the company's Initial Public Offering. He was the lead executive who led the negotiations to sell the company to Nortel Networks Corporation (NYSE: NT) for $7.8B. Alteon was presented the award as one of the country's fastest growing public by Deloitte & Touche, LLP. Prior to joining Alteon, Burke was Chief Financial Officer at C-Cube Microsystems, a fabless semiconductor company serving the digital video compression markets, where he successfully executed the company's hugely successful Initial Public Offering. The company has since been acquired by LSI Logic (NYSE: LSI). Burke was also instrumental in successfully completing the $175M acquisition of DiviCom, a digital video equipment manufacturer, to broaden the company's markets. In November 1996 the Fabless Semiconductor Association presented awards to C-Cube for Best Financially Managed Company and Most Respected Company. Prior to C-Cube, Burke co-founded Insite Peripherals, a leading manufacturer of 3 1/2" very high capacity, floppy disk drives using innovative combinations of optical and magnetic technologies. He served first as Director and Chief Financial Officer, and then as Executive Vice President of Operations, where he managed all of the internal functions of the company. Burke held President, Vice President and Chief Financial Officer positions at Insite Peripherals, Counterpoint Computers, Vertex Peripherals, Shugart Associates and Xebec Systems. Burke spent 8 years in the United States Navy as Lieutenant Commander
of the Submarine Nuclear Power Community. He has an MBA from the
Harvard School of Business and a bachelor of science degree in electrical engineering from the University of Wisconsin
at Madison. Ian Crayford is one of the high speed networking industry’s most seasoned technologists, and currently serves as a consultant to various communications start-ups. He was most recently the Director of Technical Business Development, at Broadcom Corp., a semiconductor company focused on the broadband communications arena. At Broadcom, Crayford has led several engineering projects in the enterprise switching space. More recently, Crayford has been responsible for Broadcom’s expansion into several new markets via acquisitions and investments, including Maverick Networks, BlueSteel Networks, Newport Communications, Allayer and SiByte. Prior to joining Broadcom in April 1998, Crayford was Director of Switch Architectures and Strategy at Bay Networks, Inc. (subsequently acquired by Nortel), where he was responsible for the development of enterprise switch products incorporating Ethernet, Token Ring and ATM technologies. Prior to Bay Networks, Crayford spent nine years at Advanced Micro Devices, Inc., in a variety of technical positions in the communications division, the most senior being that of AMD Fellow for 4 years. Over the past 14 years, Crayford has worked extensively on the definition and development of Ethernet networking products, primarily for 10/100BASE-T, and Gigabit Ethernet. He has been highly involved in the IEEE 802.3 standards development activities, initially serving as a Working Group member during the development and approval of the 10BASE-T and Repeater Management Standards. Later, he was heavily involved in the 802.3u "Fast Ethernet" Working Group, serving as Chair for the Link Signaling (Auto-Negotiation) Sub-Group, and subsequently Chair of the 802.3ac Working Group for VLAN Tagging on 802.3 Networks. Crayford was also an active participant in the 802.3z "Gigabit Ethernet" Working Group, and co-authored the book "Gigabit Ethernet" (Prentice Hall), which was published in 1998 at the time the standard was ratified. He has over 30 patents granted in the area of network architecture
and VLSI implementation, has written and presented numerous papers
on networking, and co-authored several reference books. He currently
serves as an advisor to several start-up technology companies in
the communications and software areas. Crayford received a bachlelor of science degree with honors in electrical/electronic engineering from Kingston Polytechnic in
London, England, in 1981. John Hagedorn is a consultant to technology startups for strategic projects and processes. Since he retired as a full time CFO in 2000, John has helped 40 young tech companies analyze markets, develop financial plans, raise capital, license technology, cut burn rates, recruit key people and service providers, make acquisitions and investments, manage exits, and improve sales forecasting and other critical management processes. John’s clients benefit from his 35 years experience in financial management, including 19 as VP Finance or CFO. His early employers were large multinationals, Philco-Ford, IU International and Intel. Later he was VP Finance for P-I-E, Controller of Intel Components, Director, F&A & CFO for Intel Europe and CFO for Data I/O, IC Works, C-Cube Microsystems, and Premisys Communications. John is a graduate of Yale and Harvard Business School. He is an advisor to FLG Partners, a CFO consulting firm. He serves on the advisory boards of a number of private technology companies. Joe Hutt is a seasoned engineering executive in the electronic design automation (EDA) software industry. Hutt has over 25 years of experience in building R&D teams with some of the EDA industry’s most successful companies. Joe previously served as the President and CEO of Pyxis Technology, a Formative Ventures portfolio company. Hutt was previously on the senior executive team at Magma Design Automation, where he served as the VP of Technical Sales for 2 years, and as the VP of Engineering for 3 years. As VP of Technical Sales, Hutt rebuilt the North American sales team and created the Design Services organization, both of which set the stage for increased sales and led to the Company’s very successful IPO in November of 2001. As the VP Engineering from 1998-2001, Hutt built the R&D group from 8 engineers to over 60, where he hired and integrated experienced development personnel in order to complete a fully integrated design environment. This team included top R&D engineers in California and in the Netherlands. Prior to joining Magma, Hutt was the Director and VP of the Advanced Technology Group at Synopsys. He managed the Synopsys Research organization, and was technical director for new programs involving IC design. Before Synopsys, Hutt was the Program Director and Senior Project manager for VLSI Design systems at IBM, where he directed 200+ R&D personnel responsible for the delivery of design systems for IBM microprocessors that were developed in Austin, Rochester and Poughkeepsie, as well as the Somerset joint partnership. Hutt managed a $30M annual budget for design tool support. From 1991-1993, he was the Project Manager of Design Systems at Somerset, the IBM, Motorola, and Apple joint design center for PowerPC development. Hutt was responsible for developing the design methodology and creating the initial design environment used for the first three microprocessors designed at Somerset. Hutt held various other engineering management positions with IBM
since 1976. He graduated with a bachelor of science degree in electrical engineering from
Union College in New York in 1975.
Mike Ingster is a veteran of the semiconductor and electronic design automation (EDA) software industries, where he has over 20 years of sales, marketing and design experience. Ingster currently serves as Vice President of Sales, West North America at Magma Design Automation, where he has been employed since 2000. Magma provides a single executable capable of RTL-GDSII design, the leading provider of physical synthesis solutions for 0.13 micron and below. Prior to Magma, Ingster was Vice President of Worldwide Sales at Moscape Design, a software company specializing in circuit and noise analysis products. During his stint, he led the efforts to create strategic partnerships with AMD and LSI Logic. From 1996 to 1998, Ingster was Vice President of Worldwide Sales and Marketing at DynaChip, a high performance reprogrammable field programmable array (FPGA) company. While at DynaChip, he ported the ECL-based architecture ported to CMOS, and redesigned a family of FPGAs for high performance networking applications. During the previous 10 years, Ingster held various sales and marketing positions at LSI Logic. His most recent role was as Director of Communications and Western Area Sales from 1993-1995. He also lived in Europe from 1990 – 1993 while he served as Director of Strategic Accounts, with customers including Alcatel, Philips and Siemens. From 1986-1990, he was account manager responsible for sales to Sun Microsystems, where he grew the business from $0 to $75M per year. Ingster graduated from Harvard University with a bachelor of science degree in engineering
and applied sciences. Doug Laird is Founder and CEO at Cswitch, a fabless semiconductor startup creating the next generation of SOC solutions. He founded the Company after serving as an Entrepreneur in-Residence at Charles River Ventures, a venture firm he joined in 2002. Laird has 25 years experience building high performance computer systems and microprocessors. Laird most recently was a founder and the Executive Vice President of Product Development at Transmeta Corporation (NASDAQ: TMTA). Laird managed all aspects of engineering of Transmeta's smart microprocessor which enables low power and high performance laptop computers. Prior to founding Transmeta, Laird managed the Advanced Development Group in the Sun Microelectronics Division of Sun Microsystems. His research group looked into advanced areas of computer architecture, low power and high performance circuit design, and architectural tools. From 1992 through 1995, he was responsible for the packaging, workstation/server system interface, and worked with the silicon supplier, Texas Instruments, for the UltraSparc I project at Sun Microsystems. Prior to 1995, Laird managed the Sparc development at LSI Logic, and was an early developer of Gigabit Ethernet at UltraNetwork Technologies. Prior to UltraNetwork, he developed mainframes and supermini computers at National semiconductor and ROLM Mil-Spec. Laird has an MSCS degree from Santa Clara University, and a bachelor of science degree in electrical engineering
from the Rochester Institute of Technology. With over twenty years of experience in the telecommunications and IT industry, Michael Ricks has spent a major part of his career in Asia, mostly in leadership positions with multinational companies. Ricks, a veteran of the venture capital business and the wireless technology industry, currently serves as President at InvestorAB’s Asia Venture Fund in Hong Kong. Investor AB is the $20 billion management company that serves as the investment vehicle for the Wallenbergs, the preeminent family in the Swedish business world. Ricks was previously CEO at imGO, a $300M Hong Kong-based investment company which focuses on the wireless sector, and invests in high growth opportunities, alongside developing joint ventures with multinational companies in bringing the best of wireless to Asia. imGO is backed by Investor AB of Sweden, Ericsson, and Hutchison Whampoa. Prior to imGO, Ricks was President and CEO at Ericsson (China) Company Ltd. He was part of the team that built the Ericsson China operations into a highly profitable business of some $3 billion of local China sales and a $4.5 billion worldwide supply center for the Ericsson group. Ricks holds a bachelor of arts degree from the University of California at San Diego
and a MBA from the University of Chicago Graduate School of Business.
Brooke Seawell has served a 25-plus year career in technology finance and operations with some of Silicon Valley’s most successful companies. Since January 2005, he has served as a Venture Partner at New Enterprise Associates (NEA), after serving in the same position at Technology Crossover Ventures (TCV) since February of 2000, focusing on software and semiconductor companies. Prior to his venture capital career, Brooke spent 25 years serving in financial and operational positions at several high-tech companies. From 1997-1998, Seawell was executive vice president at NetDynamics, an application server software company, which was acquired by Sun Microsystems. From 1991 to 1997, he was senior vice president - finance and operations and CFO at Synopsys, an electronic design automation software company. During his tenure at Synopsys, revenue grew from $20 million to $500 million. Seawell engineered the company's IPO in 1992. In 1990, Upside magazine recognized Seawell as one of its top 15 high-tech CFOs. Previously, he was vice president - finance and production and CFO at Weitek, a semiconductor company, which he took public in 1988. In 1979, he co-founded and was CFO of Southwall Technologies. Seawell holds a bachelor of arts degree and an MBA from Stanford University. He is currently on the Board of Directors at Informatica Corporation, NVIDIA Corporation and several privately held companies.
Bernard Xavier is a seasoned technology executive, with over 13 years of specialized radio frequency (RF) and baseband design expertise with companies such as National Semiconductor, Texas Instruments, Philips, and LSI Logic. Xavier is the founder, CEO and President at Quorum Systems, a San Diego-based start-up developing multi-mode RF devices for next generation cellular handsets that was acquired by Spreadtrum, a China-based wireless semiconductor company. Prior to launching Quorum, Xavier founded , a Formative Ventures portfolio company and fabless semiconductor start-up specializing in wireless access ICs in February 1998, and was responsible for business development, engineering, finance and sales. He generated over $7M of sales for InnoCOMM, and funded some of the company’s operating expenses. During his tenure, Xavier initiated and developed strategic alliances with several large and small companies and negotiated all contracts and business deals, including the Series A and B financing rounds. Xavier grew the InnoCOMM team from its initial three-person team to a total of fifty-eight employees, developing the largest RF IC team outside of Qualcomm in San Diego. Xavier navigated the negotiation of the $130M acquisition of InnoCOMM by National Semiconductor, who outbid several other corporate suitors. Upon acquisition, Xavier assumed the role of Director of Wireless Data at National Semiconductor. In this new role, he managed several satellite design teams in Sweden, Scotland, Santa Clara, Germany and San Diego. The overall headcount with either direct or dotted line responsibility to Xavier was in excess of seventy engineers. Xavier received his PhD in microwave circuits from Brunel University
in the UK. He has published some thirty papers in radio frequency
IC design and is currently serving on the technical program committee
of the MTT-S RFIC conference. He has filed several patents in the
area of semiconductor circuits and systems.
Peter Zaballos is a seasoned marketing executive with significant experience in the technology software and semiconductor markets. Currently, Zaballos is Vice President, Midwest at Frazier Technology Ventures, a technology venture firm based in Seattle, WA. Prior to joining Frazier in 2003, he previously served as Senior Director of Marketing at RealNetworks, a $200M Seattle-based company that pioneered the deliver of digital audio and video over the Internet. During his tenure, Zaballos developed the product marketing strategy and go-to-market plans for four major RealSystem software platforms, resulting in greater than 50% year-over-year revenue growth and industry leadership. Zaballos also developed the marketing strategy for RealNetworks Mobile Multimedia Platform, coordinating the involvement Nokia and Texas Instruments. Prior to RealNetworks, Zaballos was Vice President of Marketing at Vivo Software, a pioneer and leader of streaming video technology. At Vivo, he managed all aspects of the company’s marketing including strategic partnerships with Microsoft and RealNetworks until its sale to RealNetworks in 1998. Before Vivo, he held key executive and management roles in sales and marketing spanning more than ten years at FTP Software, C-Cube Microsystems, and LSI Logic. Zaballos holds a bachelor of science degree in electrical engineering and computer science from the University of California, Berkeley, and an MBA from
the Massachusetts Institute of Technology.
Bill Tai is a general partner at Charles River Ventures, and leads the firm’s West Coast practice. His investment focus encompasses early stage companies in enabling technologies (chips and software) and wireless technologies. He has worked with over 30 companies at their early stages as private companies. The majority of them have become publicly listed companies. Bill represents CRV as a director at several privately held companies: Cswitch, Avvenu, Nantero, Rosum, Silicon Clocks and Staccato Communications. He also serves on the Board of Directors at Microtune (Nasdaq: TUNE), Transmeta (Nasdaq: TMTA), and TRADEBEAM (which he founded). His directorships have included Adicom Wireless, Award Software (Nasdaq: AWRD), 8x8 (Nasdaq: EGHT), Centrum Communications (acquired by 3Com), Chemconnect, Ensemble Communications, iAsiaWorks (Nasdaq: IAWK), IC Works (acquired by Cypress Semiconductor), IMGo (HKSE: 0067), IP Infusion (acquired by Access Corporation), Mtone Wireless, Network Peripherals (NPIX), RLX Technologies, Skytune (acquired by Broadlogic), Tradebeam and Vadem Corp. Bill also led investments in RasterGraphics (Nasdaq: RGFX), Terayon (Nasdaq: TERN) and Slimdevices, and worked with Creative Technologies (Nasdaq: CREAF), Integrated Silicon Solutions (Nasdaq: ISSI), Microchip (Nasdaq: MCHP), Premisys Communications (Nasdaq: PRMS), Radcom (Nasdaq: RDCM), Sharevision (acquired by Creative Technologies), S3 Inc (Nasdaq: SIII), and Vitesse (Nasdaq: VTSS) on a passive basis. Prior to his career in venture capital, Bill established the semiconductor practice at Alex Brown and Sons where he positioned public offerings for Adaptec, Atmel, Cirrus Logic, Dallas Semiconductor, Exar, and Zilog among others. Previously he held technical and marketing positions with LSI Logic. Bill holds a bachelor of science degree, with honors, in electrical engineering from the University of Illinois and an MBA from Harvard Graduate School of Business. He is a past officer and director of the Association of Venture Capitalists. In his free time, Bill enjoys spending time with his family or kitesurfing.
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(Alphabetical list)
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