Trinity Ventures Promotes Dan Scholnick to GP

Menlo Park, Calif.-based venture capital firm Trinity Ventures has promoted Dan Scholnick to general partner. Scholnick joined Trinity Ventures in 2007. Previously he was at Wily Technology, where he built the first version of that company’s application performance management product. He also founded Flurry, the leading user analytics platform for mobile applications.

PRESS RELEASE
Trinity Ventures a leading early-stage boutique venture capital firm headquartered in Menlo Park, announced today that Dan Scholnick has been promoted to General Partner. The promotion underlines Trinity’s continued investment focus in the cloud computing space.

“Trinity Ventures continues to have great momentum. Dan’s promotion comes after a very successful 2010 for the firm, with 14 new investments and 3 liquidity events for our entrepreneurs,” said Fred Wang, General Partner at Trinity Ventures. “Dan’s detailed knowledge of the cloud computing space and his ability to assist our companies with product and go-to-market strategy has been instrumental to the firm’s success and our cloud computing practice.”

“The move to cloud computing is the type of fundamental shift in IT that we only see once every 15 to 20 years,” said Dan Scholnick. “We’re starting to see the entire IT stack be reinvented, creating the opportunity to build the next generation of world-class IT companies. Entrepreneurs such as Lew Cirne at New Relic and Kord Campbell at Loggly are at the forefront of this revolution. By working closely with these entrepreneurs and watching their start-ups gain momentum, I believe we have reached a pivotal moment in this new era.”

Dan joined Trinity Ventures in 2007 and brings significant entrepreneurial and product development experience to the firm. Prior to Trinity, Dan was the second employee at Wily Technology, where he built the first version of the company’s application performance management product and held a number of roles until its acquisition by CA. Dan founded Flurry, the leading user analytics platform for mobile applications. Dan sits on the boards of New Relic and Loggly and is actively involved in Trinity’s investments in Aryaka Networks, BlueStripe Software, CrowdFlower, dotCloud, and Likewise Software. Dan graduated from Dartmouth College with an A.B. in Computer Science and has an M.B.A. from Harvard Business School.

About Trinity Ventures

Founded in 1986, Trinity Ventures (http://www.trinityventures.com), a boutique firm, partners with passionate entrepreneurs to transform revolutionary ideas into reality. With over $1 billion under management, Trinity Ventures was founded on the principle of personal engagement and mutual respect with the entrepreneurs we fund. Trinity Ventures focuses on early stage technology ventures with a particular emphasis on digital media, Internet services, mobility, security and software markets.

Trinity Ventures has invested in more than 100 ventures, including such leading companies as Affinity Labs (acquired by Monster.com), Aruba Networks, Bix (acquired by Yahoo!), Blue Nile, Crescendo Communications, Extreme Networks, Forte Software, IntruVert Networks, LoopNet, Modulus Video, Network Alchemy, Photobucket, SciQuest, Speedera Networks, Starbucks, Sygate Technologies, and Wall Data.