NVCA Names Venrock’s Rothrock Chairman, Announces New Board

The National Venture Capital Association ushered in a new era at its annual meeting in Santa Clara, Calif. Ray Rothrock, a partner at Venrock, was named chairman, as he takes the reins from Paul Maeder, co-founder and general partner of Highland Capital Partners, who finished his one-year term as chair after serving on the NVCA board since 2008. The NVCA also named new board members and tapped Josh Green, general partner at Mohr Davidow Ventures, as chair-elect for the 2013-14 year.

PRESS RELEASE

NVCA Installs Ray Rothrock as New Board Chair, Welcomes Six New Directors and Recognizes Retiring Board Members

April 24, 2012, Santa Clara, CA — The National Venture Capital Association (NVCA) today welcomed Ray Rothrock, partner at Venrock, as chair of the board of directors for 2012-2013. The transition was made official during the NVCA Annual Meeting in Santa Clara where hundreds of venture capitalists were in attendance. The NVCA also welcomed six new members to its board as others completed their four-year terms.

Mr. Rothrock assumes the NVCA leadership from Paul Maeder, co-founder and general partner of Highland Capital Partners, who finished his one-year term as chair after serving on the NVCA board since 2008. During Mr. Maeder’s tenure, the NVCA worked successfully to support passage of the JOBS Act, develop a definition of venture capital for exemption from SEC registration under the Dodd Frank law, and advocate for a more efficient and transparent FDA approval process. Association membership remains strong as the industry continues to steadily recover from challenging economic times.

“There is much to be thankful for and much to look forward to for the venture capital industry in the coming year,” said Mr. Rothrock. “The positive outcomes of our advocacy efforts under Paul Maeder’s expert leadership have yielded significant benefits for America’s startups, entrepreneurs and innovators. But we can do more. The venture capital industry must continue to evolve in its support of innovation. Our mission must remain to back great entrepreneurs whose visions for new companies and new industries are essential to America’s growth and prosperity. Our existing and incoming board members, along with the NVCA staff, are energized and prepared to fulfill this important task at hand.”

In addition to Mr. Maeder, retiring board members include Jim Fleming, Columbia Capital; Stephen Holmes, InterWest Partners; Deepak Kamra, Canaan Partners; Jack Lasersohn, The Vertical Group; and Trevor Loy, Flywheel Ventures all who were instrumental in the Association’s success over the last four years.

“The NVCA continues to be extremely effective in our mission to represent the venture capital industry on Capitol Hill and in the public domain because of the passionate dedication of our board members and staff,” said Mark Heesen, NVCA president. “On behalf of the entire venture industry, we extend our deepest gratitude to outgoing chair Paul Maeder and the other retiring board members and we look forward to the new energy and ideas that Ray Rothrock and the incoming group are sure to bring.”

The new NVCA board members include Maria Cirino, .406 Ventures; Venky Ganesan, Globespan Capital Partners; Jason Green, Emergence Capital Partners; Adam Grosser, Silver Lake Kraftwerk; Mark Gorenberg, Hummer Winblad; Ross Jaffe, Versant Ventures; and Claudia Fan Munce, IBM Ventures.

The NVCA also named Josh Green, general partner at Mohr Davidow Ventures as chair-elect for the 2013-14 year. Mr. Green joins Rothrock, Michael Greeley of Flybridge Capital Partners, Jason Mendelson of Foundry Group, and Scott Sandell of New Enterprise Associates to make up the NVCA Board Executive Committee.

About Ray Rothrock
As a venture capitalist for more than two decades, Ray has assisted entrepreneurs in achieving their dreams and produced outstanding financial returns for his limited partners. He has personally discovered, created and guided more than 50 companies in the Venrock portfolio through their early stages of formation and emerging growth. Beginning his professional career as a nuclear engineer he continues his love for “building,” especially companies.

Ray’s areas of investment expertise and interests span the globe, and include energy, information technology infrastructure and cyber security. He led Venrock’s Internet investment strategy beginning in 1992 and in 2004, initiated the firm’s energy investment strategy. Ray’s successful investments include Check Point Software Technology (NASDAQ: CHKP), DoubleClick (NASDAQ: DCLK) Spyglass (NASDAQ: SPYG, Digex, Inc. (NASDAQ: DIGX) USInternetwork (NASDAQ: USIN FogDog Sport (NASDAQ: FOGD), and scores of others. His most recent success is Imperva (NYSE: IMPV), the most
successful tech IPO of 2011. His track record in cyber security is second to none.

In additional to his leadership role at the NVCA, Ray also is active in educational and community causes. He currently serves on the Visiting Committee of the MIT Nuclear Science and Engineering Department and the Board of Woodside Priory School. He previously served as Trustee of the Texas A&M Foundation and chaired the investment committee of its $1 billion endowment. In 2010-2011, Ray was an Executive in Residence at Middlebury College, Middlebury, VT, where he taught several economics classes and lectured on energy. He also is a trustee of TheatreWorks in Palo Alto, CA, the leading theatre company in the Silicon Valley, and is a patron of the arts in general.

Ray earned his B.S. in Nuclear Engineering from Texas A&M University, an S.M. in Nuclear Engineering from Massachusetts Institute of Technology, and an MBA with Distinction from Harvard Business School.

About National Venture Capital Association
Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. According to a 2011 Global Insight study, venture-backed companies accounted for 12 million jobs and $3.1 trillion in revenue in the United States in 2010. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward longterm investment. As the venture community’s preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its more than 400 members through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.

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