DCM-Doll Capital Management Adds Jonathan Fram to Its Entrepreneur-in-Residence Program; Former Bloomberg Media Group General Manager to Focus on Investment Opportunities in the Digital Media and Communications Sectors

Business Wire, June 28, 2005

MENLO PARK, Calif. -- DCM-Doll Capital Management, a top-performing early-stage technology venture capital firm, today announced it has added Jonathan Fram to its Entrepreneur-in-Residence (EIR) program. As an EIR, Mr. Fram will focus on identifying industry-specific market opportunities in the digital media and communications space while working with DCM to create global companies that exploit those gaps.

"Jonathan is a high-caliber performer who brings an invaluable range of operational expertise from both the communications and digital media industries," said DCM cofounder and managing general partner Dixon Doll. "With Jonathan's extensive network of contacts and DCM's current stable of investments, we believe there are many opportunities which we can mutually explore moving forward."

Mr. Fram comes to DCM from various leadership positions in companies in both the digital media and communications industries. His experience includes eight years as a General Manager of Media at Bloomberg L.P. where he was responsible for Bloomberg's Television, Radio and Internet Media units. Following that he became President of Net2Phone, which he grew to $100 million revenue before AT&T acquired a controlling interest in the company. He next took over as CEO of eVoice, a voice messaging company which was acquired by Time Warner. After eVoice, he was recruited to become the CEO of France Telecom's MPEG-4 IPTV and mobile video tools and systems subsidiary, Envivio. Mr. Fram most recently served as a managing member of Metric Capital, a firm that makes early stage investments in digital media and mobile media companies.

"Digital media and communications will continue to present attractive growth opportunities for new players," said Mr. Fram. "I am confident that my experience -- coupled with DCM's track record of creating successful communications, services and infrastructure ventures -- would lead to the creation of a world-class company."

Mr. Fram spent his early years in various leadership and technology analyst positions at leading banking and industry research firms including Gartner Group, Paine Webber, Bear Stearns & Co., and Institutional Research Network. Mr. Fram holds a B.S.E.E. degree in Electrical Engineering and Computer Science from Princeton University.

About DCM-Doll Capital Management

DCM is a top-performing venture capital firm supporting entrepreneurs building early-stage technology companies. DCM partners manage over U.S. $1 billion and have funded leading technology companies including 2Wire, 51job (Nasdaq:JOBS), About.com (Primedia), @Motion (Openwave), Foundry Networks (Nasdaq:FDRY), HireRight, Internap (AMEX:IIP), IPivot (Intel), JCI (Nasdaq Japan -- Hercules: 9424), Kabu.com (TSE:8703), nQuire (Siebel), PGP Corporation, Recourse Technologies (Symantec), Sigmatel (Nasdaq:SGTL), SMIC (NYSE:SMI), and UUNet (MCI). DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. For more information, please visit DCM's website at www.dcmvc.com.