BlueRun Ventures Strengthens Executive Team: Welcomes Vasudev Bhandarkar as a Venture Partner Menlo Park, CA (March 14, 2005) – BlueRun Ventures (www.brv.com), a global venture capital fund focused on early stage companies in the IT, mobile, and consumer electronics markets, today announced that it has named Vasudev “Vas” Bhandarkar as a Venture Partner. With over 22 years of experience in marketing, business development, sales, product development and general management, Bhandarkar will bring to bear his operational expertise to BlueRun Ventures’ hands-on development of early stage technology companies. “Vas’ extensive experience augmenting early-stage companies compliments the goals of BlueRun Ventures as the capital fund that builds emerging market leaders,” said John Malloy, Managing Partner of BlueRun Ventures. “We are delighted to add Vas’ market knowledge, insight in technology and passion to build great companies to our global team.” As a venture partner, Bhandarkar will bring his broad experience in marketing, sales and business strategy globally to the early-stage IT, consumer Internet and wireless companies that BlueRun Ventures adds to its portfolio. “Having established itself as the premiere venture capital fund for the best in IT, mobile and consumer technology markets, BlueRun Ventures shares my passion and determination for entrepreneurship to positively impact and shape the global market,” said Vasudev Bhandarkar. “I am pleased to contribute my skills and leadership to our portfolio companies.” Over a 12 year period, Bhandarkar founded or was an early employee of four companies of which two went public and two were sold. In that time, he has helped raise over $100 million for his companies and helped build two successful off-shore development facilities in India. Bhandarkar is also actively involved with early-stage incubators in India such as IITBombay’s SINE (Society for Innovation and Entrepreneurship), and is a charter member of TiE – The Indus Entrepreneurs organization which is a global organization with over 40 chapters and 10,000 members. Bhandarkar holds an MS Degree in Physics from IIT Bombay, MS in Computer Science from Colorado State University. BlueRun Ventures’ proven approach is to invest globally as a single fund in best of breed technologies and teams with the drive and ability to build leading global companies. Over the seven-year history of the firm, BlueRun Ventures has built a global platform, with offices throughout North America, European Union, and Asia, that has enabled successful global market leaders to emerge. As an early stage fund, BlueRun Ventures will invest mostly in Series A and B, with initial investment ranging from $2 to $8 million. About BlueRun Ventures
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