Mayfield Fund Hires Navin Chaddha as Managing Director; Successful Venture Investor, Serial Entrepreneur, Corporate Executive and India Expert Rounds Out Investing Team at Mayfield Fund

Business Wire, Sept 6, 2006

MENLO PARK, Calif. -- Mayfield Fund today announced the addition of Navin Chaddha as Managing Director. Navin has significant entrepreneurial, venture and corporate experience in the software, communications, and consumer sectors as well as a successful track record of investing in India since the late 1990s.

"Navin's track record as an investor and serial entrepreneur, close connections to entrepreneurs worldwide and deep knowledge of the current landscape in India will prove invaluable as we continue to invest Mayfield XII across global boundaries," said Yogen Dalal, Mayfield Fund Managing Director.

Navin, 36 years, is Mayfield's eighth investing Managing Director. He brings over 15 years of technology industry experience to Mayfield. Most recently, as a Partner at Gabriel Venture Partners, he focused on software, applications, and networking investments in the U.S. and led investment activities in India. His notable investment successes in India include three companies that went public on the Bombay Stock Exchange: Allsec Technologies, IL&FS Investsmart and Provogue. Prior to that, he served as entrepreneur-in-residence and venture partner at Mobius Venture Capital leading their cross-border US-India investment efforts.

Navin spent several years at Microsoft in various management roles, during which he co-led investments in the communications industry including three companies that went public on NASDAQ: Akamai, Northpoint Communications, and Rhythms NetConnections. Navin is a serial entrepreneur and founder of three companies, including VXtreme, a streaming media software company, which was acquired by Microsoft and is the foundation of Windows Media. He was also the co-founder of iBeam Broadcasting that went public on NASDAQ.

Navin is a charter member of The Indus Entrepreneurs Organization (TiE), the Asia America Multi-technology Association (AAMA) and a Global Leader of Tomorrow Member of the World Economic Forum. Navin holds a Master of Science degree in electrical engineering from Stanford University, where he was awarded the Stanford Graduate and IBM Fellowships, and a Bachelor of Technology degree in electrical engineering from the Indian Institute of Technology (IIT) in Delhi, India where he received the Director's medal for graduating at the top his class and was recently honored with the prestigious IIT distinguished alumni award. He also holds over 35 technology patents.

"Mayfield has a rich legacy of creating memorable companies and mirrors my investment philosophy of being actively engaged in companies and investing globally," said Chaddha. "I found a strong chemistry fit with their world-class partners and am looking forward to working with a team with over 60 years of collective venture capital experience. In turn, I bring to Mayfield a unique expertise in investing in India as well as broad experience across the software, communications and consumer sectors."

About Mayfield Fund

Mayfield Fund provides "venture capital with impact" by partnering with exceptional individuals to create industry-leading companies. Mayfield has domain expertise in consumer Internet technology, communications/mobility and enterprise software. The firm has $2.4 billion under management and a team of twelve investing professionals. Since Mayfield's founding in 1969, the firm has invested in more than 470 high-growth companies, taken more than 100 public, and more than 150 have merged or were acquired. For more information, please visit www.mayfield.com or contact: Kamini Ramani, kramani@mayfield.com, 415-806-9849.