LAUNCHFUEL - Key Persons

Job Titles:

• Carlyle Venture Partner
• Member of the Steve Walker & Associates Team
• Managing Director of Comerica Bank 's Mid
• Senior Vice President and Manager of Comerica Bank 's Mid - Atlantic Region Technology
• Senior Vice President, Technology and Life Sciences Division / Comerica Bank

April L. Young is senior vice president and manager of Comerica Bank's Mid-Atlantic Region Technology and Life Sciences Division (formerly Imperial Bank). In that role, she is responsible for developing and managing the bank's portfolio of technology company clients in the Mid-Atlantic and Southeast from offices in Reston, Virginia; Durham, North Carolina; and Atlanta, Georgia. The Technology and Life Sciences Division provides unique credit and banking services to professionally backed and managed technology companies throughout the U. S. Dr. Young also serves as a director of the Pell Rudman Trust Company, and on the advisory boards of several early stage technology companies, including Bid4Assets.com, DreamLabs, LaunchFuel and Opion. She is a director of several non-profit organizations, including the Mid-Atlantic Venture Association and the Council on Urban Economic Development. April L. Young is Managing Director of Comerica Bank's Mid-Atlantic Region Technology and Life Sciences Division (formerly Imperial Bank). In that role, she is responsible for developing and managing the bank's portfolio of technology company clients in the Mid-Atlantic and Southeast from offices in Reston, Virginia; Durham, North Carolina; and Atlanta, Georgia. The Technology and Life Sciences Division provides unique credit and banking services to professionally backed and managed technology companies throughout the U. S. Dr. Young serves on the advisory boards of several early stage technology companies, including DreamLabs, LaunchFuel, My Job Coach and Credible Wireless. She is also a director of several non-profit organizations, including the Mid-Atlantic Venture Association and the International Economic Development Council Prior to joining the bank, Dr. Young was founding executive director of the Potomac KnowledgeWay Project, a non-profit, leadership organization designed to help greater Washington become a global leader in digital information products and services. The project served as a catalyst to help the greater Washington region build on its strengths in communications, computing and content. Among her achievements at KnowledgeWay are completing a successful $5 million development campaign, marketing the project's vision and mission to the region's business community, and implementing the project's four core programs. Previously, Dr. Young served as senior fellow for Regional Economic Development at George Mason University's Institute for Public Policy and served as the first director of the Northern Virginia Roundtable. Prior to her association with GMU, Dr. Young was the director of the Virginia Department of Economic Development, where she lead the Commonwealth's domestic and international marketing program from offices in Richmond, Brussels and Tokyo. Earlier in her career, she served as senior vice president of NVRDevelopment, Inc., as the executive director of the Fairfax County Economic Development Authority and director of Economic Development for the city of St. Louis, Mo. Dr. Young holds bachelors and masters degrees in urban and regional planning from George Washington University as well as a Ph.D. in public policy analysis from Saint Louis University. She is married to Robert Kelly and the mother of a teenage son. In her spare time, she plays golf and enjoys being a "hockey mom."

Job Titles:

• Member of the Steve Walker & Associates Team

Bobbie Kilberg was named President of the Northern Virginia Technology Council (NVTC) in September 1998. As President, Mrs. Kilberg manages the largest technology council in the nation with about 1,500 member companies employing 170,000 people. In December 2001, she was appointed by President George W. Bush to serve as a member of the President's Council of Advisors on Science and Technology (PCAST). Bobbie Kilberg graduated from Yale University Law School in 1969 after earning a Masters Degree in Political Science from Columbia University and a Bachelors Degree from Vassar College. In 1969, she was named a White House Fellow and served first on the staff of the Domestic Policy Council in the Nixon White House and then as a Staff Assistant to the President. From 1971 to 1973, Mrs. Kilberg was an attorney with the Washington law firm of Arnold & Porter. In 1973, she became Vice President for Academic Affairs at Mount Vernon College, a role that included responsibility for strategic direction and institutional management. Bobbie Kilberg returned to the White House from 1975 through 1976 under President Ford as Associate Counsel to the President, where she focused on a variety of legal matters, including international trade, civil rights, and the arts. In 1978, she joined the Aspen Institute, where she directed a project on the future of private philanthropy. In 1982, she became Vice President and General Counsel of the Roosevelt Center for American Policy Studies. Among her projects at the Center was management of a high tech working group that studied the use of information technology in political campaigns. From 1989 to 1992, Bobbie Kilberg served President Bush in the White House as Deputy Assistant to the President for Public Liaison. In this post, she directed communications and policy relations between the White House and all interest groups in the country, with a special emphasis on the business community. For the last months of 1992, she became Director of the President's Office of Intergovernmental Affairs, where she managed White House communications and policy relations with state and local elected officials, including governors, attorneys general, state legislators, county officials and mayors. In October 1998, Mrs. Kilberg was appointed by the Speaker of the Virginia House of Delegates to serve on the Citizens' Advisory Committee on Legislative Compensation and since 2000 she has served on the Joint Judicial Advisory Committee of the Virginia General Assembly for the merit selection of judges. She also serves on the Attorney General of Virginia's Identity Theft Task Force, the Executive Board of Advisors for George Mason University's School of Law Tech Center and George Mason's School of IT & Engineering Advisory Board. She is a member of the Committee of 100 of the U.S. Chamber of Commerce. Bobbie Kilberg's most recent awards were the 2001 Anti-Defamation League's Woman of Achievement Award and the 2003 Girls Inc. D.C. Celebration Honoree Award. Bobbie Kilberg has been very involved in her community. She is a member of the Board of Trustees of George Washington University, the Board of Directors of United Bank, and the Board of Directors of the Northern Virginia Technology Council Foundation. She also is a Board member and Senior Advisor to Grandma Rita's Children, a special trips camp for needy and abused children, and a member of the Board of Directors of WETA, Washington's public television station. Mrs. Kilberg formerly served on the Board of Trustees/Directors of Potomac School, the U.S. Naval Academy (Board of Visitors), Wolf Trap Associates, the Lab School of Washington, the Mental Health Association of Northern Virginia, the U.S. Holocaust Memorial Council, and the Council for America's First Freedom. She is a member of the Women's Forum of Washington, DC. Bobbie Kilberg has sought elected political office twice in Virginia, in 1987 as a candidate for the State Senate and in 1993 as a candidate for the Republican nomination for Lieutenant Governor. Bobbie Kilberg resides in McLean, Virginia with her husband, Bill Kilberg, a Senior Partner at Gibson, Dunn & Crutcher. They have five children.

Tom is with the Worldwide Technology Business of Booz Allen Hamilton, where he works with the leadership of Federal clients such as the Department of Homeland Security and Department of Defense on strategy, management, and technology issues. Prior to joining Booz Allen Hamilton, Tom served as the Chief Operating Officer of LaunchFuel, where he advised new ventures on business strategy; business plan development, refinement, and implementation; financial modeling; and market research and competitive analysis. Previous to co-founding LaunchFuel, he directed numerous business and technology strategy projects for clients ranging in size from Fortune 100 companies to technology startup firms for AT&T Solutions, the professional services unit of AT&T (NYSE: T). Tom also led project teams at Silicon Valley Global Trading Center, advising technology startups on strategies for entering international markets, and his prior experience includes several years as a Legislative Assistant in the United States Congress. Tom earned a Bachelor of Arts degree from Stanford University, as well as a Master of Business Administration degree from the Wharton School of the University of Pennsylvania.

Job Titles:

• Assistant
• Legal Counsel
• Assistant Vice President of Research and Economic Development

Brian Darmody is assistant vice president of research and economic development at the University of Maryland. He received his J.D. in 1981 and is a member of the Maryland Bar Association. He also received his B.A. from the University of Maryland in 1977 in Government and Politics. During his 20-year tenure at the University, Mr. Darmody has served as a university legal counsel, assistant to the president for federal and state government relations, and later as the president's senior advisor for economic development. Additionally, he has worked on various university-wide projects, including organizing its first technology transfer office, authoring the state's public/private ethics legislation for university professors, and initiating a capital funding strategy for the university's high-technology incubator building. Mr. Darmody previously served as a staff member for the US House of Representatives and the Maryland General Assembly.

Job Titles:

• Member of the Advisory Board
• Partner / Wilmer, Cutler & Pickering

C. Thomas Hicks III is a partner of Wilmer, Cutler & Pickering, with a practice that focuses on general business, corporate finance, and tax matters. Mr. Hicks represents computer software and hardware firms, information technology firms, Internet and e-commerce firms, communications firms, and miscellaneous other businesses. Mr. Hicks' areas of experience include the formation, reorganization, operation, and disposition of businesses; corporate, partnership, and limited liability company issues; venture capital financing and private placements; outside general counsel to fast growth technology companies; mergers and acquisitions; joint ventures; divestitures; contracts; employment; executive compensation and benefits; and federal and Virginia tax matters. Mr. Hicks is involved in a number of professional and community activities, including service as a Board and Executive Committee Member, past General Counsel, past Chair of the Government Affairs Committee, and past Co-Chair of the Finance Committee of the Northern Virginia Technology Council; General Counsel and Advisory Board member of the Draper Atlantic Venture Fund; former Co-Chair of the Virginia Governor's Venture Capital Roundtable; a founder and past President of the Northern Virginia Association for Commercial Real Estate; Executive Committee Member, Vice President, and General Counsel of the Northern Virginia Transportation Alliance; Member of the Board of Directors, Fairfax County Chamber of Commerce; past Chairman, Virginia State Bar Business Law Section Board of Governors; and Vice Chair of the Virginia Bar Association Business Law Council. Mr. Hicks graduated from Virginia Polytechnic Institute (B.S.C.E. 1967) and the University of Georgia (J.D. 1970). He received an LL.M. in Taxation from Georgetown University Law Center in 1975. He is admitted to practice in Virginia, Georgia, and the District of Columbia, as well as before the U.S. District Court for the Eastern District of Virginia, the U.S. Tax Court, the U.S. Bankruptcy Court (Alexandria Division), and the U.S. Court of Military Appeals. Mr. Hicks is the author of Choosing a Virginia Business Entity, a lawyer's practice handbook published by the Virginia Law Foundation, and is co-author of Limited Liability Companies in Virginia, a lawyer's practice handbook published by the Virginia Law Foundation. He has been recognized by numerous publications as one of the region's top technology lawyers, including being included in Regardie's Power list of the "100 Most Powerful People In Greater Washington's New, New Economy" and being listed under the Corporate category in the Virginia Edition of Best Lawyers in America.

Job Titles:

• Member of the Advisory Board
• Partner / Ernst & Young

Job Titles:

• Executive Vice President and Chief Financial Officer for Cidera, Inc

Ed Postal was most recently the executive vice president and chief financial officer for Cidera, Inc., an international leader in the satellite delivery of broadband content. He previously held the same positions at PSINet Inc. Prior to joining PSINet, Ed was chief financial officer and senior vice president of The Hunter Group, Inc., a privately held consulting firm. Before that, he was with The Wyatt Company (now Watson Wyatt Worldwide), most recently as vice president and chief financial officer. Prior to that, Ed served as assistant controller for Satellite Business Systems and as a member of the audit function for Deloitte and Touche. In June 2000, the Northern Virginia Technology Council inducted Ed into its Greater Washington Hall of Fame. He is a member of NASDAQ's Listing and Hearing Review Council, is a certified public accountant in the state of Maryland, and is an active member in the Financial Executives Institute, where he currently serves on their national Board of Directors.

Job Titles:

• Event Chair
• Venture Partner

Eileen is responsible for securing strategic partnerships and identifying high potential intellectual property within research institutions. She also serves in a management capacity within LaunchFuel portfolio companies. Prior to joining LaunchFuel in May 2000, Eileen was an Engagement Manager at A.T. Kearney, a management consulting firm where she led project teams in formulating business strategies for financial services companies in the U.S., Europe, Asia and Australia. From 1997 - 1999, she was based in Singapore and helped build A.T. Kearney's Financial Institutions practice across Asia. Previously, Eileen was a Senior Manager at Peterson Consulting, Ltd (1989 - 1992), an Associate at Citibank, N.A., Global Strategies and Analysis, (1993) and founded and sold a mail-order jewelry business. She earned a Bachelor of Science degree with highest honors from the University of Virginia and a Master of Business Administration from Harvard Business School.

Job Titles:

• Member of the Advisory Board
• Manager, Sales and Business Development / PricewaterhouseCoopers

Job Titles:

• Member of the Advisory Board
• Member of the Steve Walker & Associates Team
• Deputy Secretary of Technology for the Commonwealth of Virginia

Eugene J. Huang was appointed as the Deputy Secretary of Technology for the Commonwealth of Virginia by Governor Mark R. Warner on January 21, 2002. Mr. Huang is currently on leave from Oxford University, where he is a Thouron Scholar pursuing a doctorate in economic history. Mr. Huang's research interests lie at the intersection of economics and technology, focusing on telecommunications policy, the economics of standardization, and the impact of technology on productivity in the economy. Ongoing research for a doctoral dissertation entitled 'The Development of Standards for Mobile Phones in the United States and Europe' seeks to develop an understanding of the factors influencing the divergent paths of technical developments characterizing wireless communications technologies in both the United States and Europe. With wireless communications playing an increasing role in importance to our global economy and the competitiveness of national economies, his research seeks to provide insights into the developments that will influence the success or failure of future wireless communications technologies and networks. With a proven record of putting academic theory into practice, Mr. Huang has tackled complex challenges in both the public and private sectors. As a senior advisor and co-founder of BuildPoint Corp., a privately held Internet company in Redwood City, California, he played an instrumental role in helping the company raise $4 million in first-round venture capital financing. Responsible for both general corporate strategy as well as product and technology development, Mr. Huang was part of the team that delivered BuildPoint's first product less than five months after the company's founding. Prior to BuildPoint, Mr. Huang served as a policy analyst for the Federal Communications Commission. While at the FCC, Mr. Huang developed pricing models of wireless spectrum auctions for LMDS and SMR services, helping the federal government raise $675 million. He was also responsible for the economic antitrust analysis of a merger of Direct Broadcast Satellite (DBS) service providers, an analysis that ultimately led to a civil antitrust suit filed by the United States Department of Justice. Mr. Huang was born in Los Angeles, California. A magna cum laude graduate of the University of Pennsylvania, he has received master's and bachelor's degrees in engineering, as well as a bachelor's degree from the Wharton School. He also holds an M.Phil. with distinction in Economic and Social History from Oxford University. An avid runner, Mr. Huang regularly competes in middle distance (5k /10k) and long distance (half marathon / marathon) races.

Job Titles:

• Carlyle Venture Partner
• Partner / Fenwick & West LLP
• Partner in the Washington

Garry S. Grossman is a partner in the Washington, D.C. office of Fenwick & West LLP, a law firm specializing in high technology matters where he heads the firm's Government Contracts and Federal Technology Transfer practice. He represents Government contractors and subcontractors in protecting their intellectual property rights in software and technical data (data rights), negotiation of B2G transactions, GSA schedule, and arbitration/litigation of bid protests and contract performance disputes. His technology transfer representation includes extracting technology (licenses) from Federal laboratories to startup companies and leveraging company resources, including intellectual property, through the use of direct Government investment, CRADAs, SBIRs, STTRs, procurement contracts, grants, cooperative agreements, and "other transactions" with Federal agencies, such as DOD, DOE labs (e.g., Los Alamos, Lawrence Livermore, ARL), and NIH, as well as university licensing. He also represents companies in commercial technology licensing in IT, software, and life sciences. His clients are both large and emerging companies. Representative clients for whom he has worked include Intuit, DataCore Software Corporation, Trimble Navigation, Paratek Microwave, Vaxgen, Mountain View Pharmaceuticals, and Cellegy Pharmaceuticals. Before entering legal practice, Mr. Grossman served as the Information Policy Coordinator in the Office of Health Research, Statistics, and Technology, U.S. Department of Health and Human Services. He also worked in the medical computing field as a consultant, research associate, system designer, and systems analyst/programmer for the Cardiovascular Unit of Toronto General Hospital, the Presbyterian University Hospital of Pittsburgh, and City/County of San Francisco Medical Compensation Plan. Mr. Grossman graduated, with high honors, from George Washington University Law School (1982), where he was awarded the Order of the Coif. He also holds an M. Sc. in Computer Science from the University of Toronto (1978). He received an A.B. in Computer and Communications Sciences, with honors, from the University of Michigan (1973).

Job Titles:

• Member of the Advisory Board
• Director of the Technology Transfer Office at the MITRE Corporation
• Director, Technology Transfer / the MITRE Corporation

Gerard Eldering is the Director of the Technology Transfer Office at the MITRE Corporation. He is responsible for the management of the company's Intellectual Property portfolio, licensing activities and corporate investments in Technology Transfer. MITRE has more than 50 patents and generates intellectual property from it's government funded work program and $35 million IR&D Program.

Job Titles:

• Carlyle Venture Partner
• Partner

Job Titles:

• Carlyle Venture Partner
• Director, Intellectual Asset Management for Deloitte & Touche LLP in Washington, DC

Gregory P. Sullivan, Director, Intellectual Asset Management for Deloitte & Touche LLP in Washington, DC. Mr. Sullivan's activities focus on the commercialization of intellectual property and the sourcing and surveillance of intellectual property. Prior to this, Mr. Sullivan was Senior Vice President of Business Development and Marketing and co-founder of Clairus Technologies, Inc. - a technology commercialization company. He is also the former Director of KPMG's Consulting Technology Commercialization Practice. Mr. Sullivan has provided commercialization assistance to leading research universities, federal laboratories and fortune 50 corporations. He has a Bachelor of Science degree from Lynn University in Boca Raton, Florida. Mr. Sullivan is also a member of The Association of Technology Managers (AUTM), and The License Executive Society (LES).

Job Titles:

• Member of the Advisory Board
• Director of Client Services, Technology Practice
• Director, Technology Practice
• Member of the EIncubator Board of Advisors

David Harvey is Director of Client Services, Technology Practice, resident in the Northern Virginia office. Among other services, he assists early stage technology companies in locating venture capital, establishing strategic partnerships and preparing for investor presentations. Prior to joining the firm, Mr. Harvey was the manager of Business Development for the Fairfax County, Virginia, Economic Development Authority, and is widely regarded as having helped transform Fairfax County into a venture capital hub. As manager of the Capital Attraction Program, he guided the County's efforts to facilitate local venture capital activity and assisted start-up companies in their funding efforts. During the last four quarters of his tenure, venture capital investment in county companies surpassed the $1 billion mark. Active in professional, as well as e-commerce and business development organizations, Mr. Harvey is a member of the eIncubator Board of Advisors. He serves on the advisory board to the 2001 Red Herring Fairfax Portfolio event and co-chairs the Grubstake Breakfast coaching committee. Mr. Harvey served as a member of the company selection committee for the 2001 Mid-Atlantic Venture Association ACapitol Connection@ event. He is also actively involved with the Northern Virginia Technology Council, the Mid-Atlantic Venture Association and the Red Herring Venture Market series. Mr. Harvey received his master's degree, summa cum laude, in public administration from George Mason University in 1996. He is a 1984 cum laude graduate of James Madison University, where he majored in international business and studied at the University of London.

Job Titles:

• Partner
• Co - Founder of Logue & Rice, Inc

Ken Logue has been a partner of KenRay Investment Management since 1995. The firm manages independent accounts for high net worth individuals. The investments are in stocks traded on the NYSE and NASDAQ. He is also a limited partner in seven venture capital funds and an angel investor in numerous privately held technology companies. In 1988, Ken became co-founder of Logue & Rice, Inc., an executive search firm with offices in Virginia and Georgia, that was sold to Modis Professional Services (NYSE: MPS) in 1996. Ken funded and is the director of the KFL Foundation, which contributes to educational scholarships and charities. Since 1986, he has coached basketball and volleyball with the District of Columbia Special Olympics. Ken received a Bachelor of Science degree in Business Administration from the College of New Jersey (formally Trenton State College) in 1978.

Job Titles:

• President and Chief Executive Officer of Mobilocity, Inc

Larry serves as President and Chief Executive Officer of Mobilocity, Inc., a leading professional services firm focused on mobile computing. Prior to Mobilocity, Larry was Executive Vice President, Chief Operating Officer of Proxicom, Inc., a leading e-business consulting and development firm. During his three-year tenure at Proxicom, Larry was responsible for business development and service delivery to its Global 1000 clients. He also played a key role in taking Proxicom public in April 1999. While he was with the company, Proxicom experienced an eight-fold increase in revenue, a six-fold increase in number of employees and industry-leading profitability. Prior to joining Proxicom, Larry spent six years in executive positions with MCI Systemhouse, the systems integration, technology development and information technology outsourcing arm of MCI. There he served as Vice President and General Manager of the United States East Region. For four years prior to MCI Systemhouse, he held management positions at McKinsey & Company and The Information Consulting Group. Larry began his career with eight years at Andersen Consulting.

Job Titles:

• Strategic Advisor to

Lisa Walsh is a strategic advisor to LaunchFuel and other early stage companies. Drawing on her many years in consulting, Lisa assists entrepreneurs in developing successful businesses from their inception and also assists in crisis and change management. Lisa was a partner at PHB Hagler Bailly (NASDAQ: HBIX), an economic and management consulting firm. As a partner, Lisa developed her own profitable business practice by developing new service offerings, targeting and developing new relationships, and managing existing relationships. Previously, she worked at Conoco Inc. in a variety of capacities, including strategic planning, sales, and engineering. Lisa is a recognized public speaker, with extensive experience crafting and delivering presentations to various audiences, from Fortune 500 CEO's to students and aspiring entrepreneurs. Lisa earned a Bachelor of Science degree from the University of Pittsburgh and a Masters of Business Administration from the Harvard Business School.

Job Titles:

• Member of the Advisory Board

Job Titles:

• Founder

Martin Fairclough is the founder and currently Executive Director of The Patuxent Partnership, which is a not-for-profit technology-led economic development consortium. Promoting the diversification of technology-based industry in Southern Maryland, The Partnership supports the transfer, capitalization and business development of military advancements in technology and assists members to market and sell innovative commercial technologies for military and commercial applications. Mr. Fairclough was educated as a Chemical Engineer at the University of London and worked for a number of years as a senior executive in the Advanced Materials industry. He has an accomplished track record as a business development expert in the private, not-for-profit, state and federal arenas with a depth of experience in the fields of technology-led economic development, technology transfer, finance and communications. He is a recognized expert in horizontal integration among programs, projects and platforms and was a key leader in developing the innovative technology transfer program known as NAVAIR Technology Commercialization Initiative (NTCI) which has received additional funding in the FY04 federal budget.

Job Titles:

• Carlyle Venture Partner
• Chief Executive Officer

Mary is responsible for securing partnerships with leading universities, research institutions, corporations and government agencies to commercialize intellectual property, as well as for providing strategic business advisory services to portfolio companies. Prior to co-founding LaunchFuel, she was a senior engagement manager at Proxicom (now Dimension Data). Her responsibilities at Proxicom included leading the technical and creative staff to ensure high quality deliverables for strategic accounts. From 1995 - 1998, she worked for PSINet, one of the first commercial Internet service providers. She acted in several capacities, including product management and business development, as well as leading the marketing efforts for the ISP wholesale division. Mary began her marketing career with the Washington Redskins, as a public relations assistant. She is the founder and Chairperson of Raise the Bar, a non-profit initiative that strives to deepen business relationships for women in technology. She is a board member of VT KnowledgeWorks and the George Mason University Century Club, and she is a 2001 graduate of the Mindshare program. Mary attended Virginia Tech and George Mason University, where she earned a Bachelor of Arts degree.

Job Titles:

• Carlyle Venture Partner
• Event Director

Job Titles:

• Member of the Advisory Board

Job Titles:

• Carlyle Venture Partner
• Director of Education

Nicholas D. Stone is Director of Education and Outreach for Virginia Tech's International Institute for Information Technology (IIIT), located in Alexandria, Virginia. Dr. Stone has been with Virginia Tech since 1988, serving on the faculty in the College of Agriculture and Life Sciences where his research focused on systems science, ecology and decision support systems. In addition to his research and teaching he created and led the Agriculture & Natural Resources Information Systems program, a four-college IT effort to coordinate, support and develop IT systems in the natural resources. In 2001, Dr. Stone moved to Northern Virginia to work with Dr. Leonard Ferrari to establish the IIIT for Virginia Tech. He is author of over 80 professional publications, including a book on knowledge-based systems in agriculture with Dr. Richard Plant at the University of California at Davis. Dr. Stone is also CEO of ISIS Labs, LLC, a software and consulting company developing and supporting decision support software in natural resource management. Dr. Stone received his A.B. in Biology from Harvard University and his Ph.D. from the University of California at Berkeley.

Job Titles:

• Founding Partner
• Owner
• Business Director for TDF - Telecommunications Development Fund Based in Washington, DC
• Telecommunications Development Fund

Penny Pickett is the Business Director for TDF - Telecommunications Development Fund based in Washington, DC. TDF is a private venture fund that promotes access to capital for small businesses seeking early and later stage financing involving widely defined communications products, services or applications. Ms. Pickett develops resources to offer technical and management assistance to businesses actively preparing to meet their capital financing objectives. On-going projects involve developing additions to the TDF online Equity Financing and Corporate Governance courses, the national SpringBoard Enterprises venture capital forum series, and other outreach initiatives. Ms. Pickett has broad experience in both the private and public sectors. Prior to joining the Telecommunications Development Fund, she served as senior advisor to the deputy administrator of the U. S. Small Business Administration. While at the SBA, Ms. Pickett was instrumental in developing the Equity Matters Seminar Series as well as the SBA - Federal Reserve cooperative workshops on access to capital for women and minority-owned businesses. She has extensive experience in working with business resources and management centers such as Business Information Centers, the Tribal Business Information Centers, the Small Business Development Centers and a wide range of business resource centers and foundations located throughout the United States. As the founding partner and owner of a small business, Ms. Pickett spent over twelve years building a business that combined traditional graphics production and design with innovative technological tools. She is active in the Century Club's Grubstake Breakfast series, WomenAngels.net and serves on the SBIR/STTR Advisory Committee of the National Science Foundation and Johns Hopkins Advisory Council of the PT Programs in Engineering and Applied Science.

Job Titles:

• Executive Director of the Maryland Technology Development Corporation

Phillip A. Singerman is Executive Director of the Maryland Technology Development Corporation (TEDCO), an independent corporation created by the State Legislature to promote economic development through the commercialization, development and deployment of technology. Mr. Singerman's appointment was approved by the Corporation's Board of Directors in August 1999. From 1995 to 1999, Mr. Singerman served as U.S. Assistant Secretary of Commerce for Economic Development, a Presidential appointment requiring Senate confirmation. As Assistant Secretary, Mr. Singerman directed the Economic Development Administration (EDA), whose mission is assisting the nation's economically distressed communities to develop and diversify their economies. In FY99, EDA's funding exceeded $400 million, administered by a staff of 260 employees in six regional and 20 state offices. During Mr. Singerman's tenure, EDA completed an agency-wide reinvention process, re-engineered its grant-making procedures, streamlined its organization, and initiated comprehensive program evaluation, while reducing its workforce by 30%. In 1998, EDA achieved the first Congressional reauthorization of its programs since 1981 and the first overall reform of the agency's processes since its inception in 1965.

Job Titles:

• Member of the Advisory Board
• Associate / Mohr, Davidow Ventures

Rami Habal joined MDV in September 2001 and works from the firm's Reston, Virginia office. He focuses on the areas of enterprise software, telecom, and internet infrastructure. Prior to joining MDV, Rami completed dual masters degrees in business administration from the MIT Sloan School of Management and in public administration from Harvard's Kennedy School. Rami has held engineering, business development, marketing, sales, and management positions at Cisco, Andersen Consulting, Hughes Network Systems, GTE and several software startups. He also has a masters in computer science, specializing in data communications, from Johns Hopkins University, and a B.S. in electrical engineering from the University of Virginia. At MIT, he was heavily involved with the school's high tech and venture capital clubs, and co-founded e-MIT, an online entrepreneurship community. Rami continues to be an active member of the MIT alumni community.

Job Titles:

• CEO

Roger is CEO of Shadowlogic, a provider of knowledge-based information assurance solutions. Previously, Roger was Chief Technology Officer for LaunchFuel, where he was responsible for LaunchFuel's technological vision and helping to guide startup companies through the development of innovative information technology. Prior to co-founding LaunchFuel, Roger was vice president of Technology Strategy at AppNet, Inc. (acquired by Commerce One in 2000). At AppNet, Roger was responsible for the strategic planning, operations, sales and management of a multidisciplinary enterprise software engineering division with annual revenues of $10 million. He joined AppNet in 1998, when AppNet acquired LOGEX International, LLC, a startup he helped establish. Also, Roger is an experienced software engineer having worked for a variety of companies such as America Online. He was also recently selected to Washington Techway newsmagazine's Young Lions 2001 as one of 10 young tech leaders to watch.

Job Titles:

• Co - Chair of the Advisory Board of the Greater Reston Chamber of Commerce Incubator Program
• Counsel for Clients
• Junior Partner in the Reston, Virginia

Scott Townsend is a Junior Partner in the Reston, Virginia office of Hale and Dorr's Corporate Department. Mr. Townsend concentrates his practice primarily in the areas of general corporate and securities work, where he represents entrepreneurs and venture-backed technology companies from incorporation through later-stage venture capital financing, public offering or acquisition. He provides ongoing and transactional advice to both publicly traded and privately held companies in a variety of industries including software, life sciences, storage, network security, telecommunications, transportation, consulting and manufacturing. Mr. Townsend has served as counsel for clients engaged in a broad array of transactions involving venture capital and bridge financings, mergers, stock and asset acquisitions, recapitalizations and public company securities compliance. He has also represented venture capitalists and "angel" investors with respect to investments in technology companies. In recent transactions, Mr. Townsend served as counsel to: a public data storage and access software company acquired by a public software company in a $403 million stock and cash merger; the acquiror in a $200 million tender offer for a public online recruiting company; a private training company acquired by a public software company in a $200 million stock merger; a public high-tech company in the sale of a division for $43.5 million; a private data storage management software company acquired by a public software company in a $35 million stock and cash merger; a network security company in the acquisition of substantially all of the assets of a venture-backed private technology company; a venture-backed Internet service provider ("ISP") in four transactions acquiring the stock or assets of regional ISP's as part of a roll-up transaction; a venture capital fund in a $50 million mezzanine financing for a software company; the issuer in a $30 million venture capital financing for a customer relationship management software company; the issuer in a $22 million venture capital financing for a network security company; the issuer in a $13.4 million venture capital financing for a software company; the issuer in a $9.2 million venture capital financing for a financial services software company; and the issuer in a number of "angel" and bridge financings for private technology companies. Mr. Townsend received his J.D. degree from The University of Virginia School of Law, where he was executive editor for the Virginia Tax Review, a member of the Moot Court Board and president of Phi Delta Phi, the international legal fraternity. Mr. Townsend received an A.B. degree, magna cum laude, in Economics and Government from Bowdoin College, where he was named a James Bowdoin Scholar and served as vice-chairman of the Student Executive Board. Active in the community in various areas, Mr. Townsend serves as co-chair of the Advisory Board of the Greater Reston Chamber of Commerce Incubator Program. The Greater Reston Chamber of Commerce recognized Mr. Townsend as the "Member of the Year" for 2002-2003. Mr. Townsend serves as the co-chair of the Coaching Subcommittee for the Century Club Grubstake Breakfast event and is a member of its selection subcommittee. The Grubstake Breakfast event, run by the Century Club of George Mason University, provides exposure to early-stage ventures seeking investments between $250,000 and $2 million. Mr. Townsend is a member of the Coaching Committee of the Mid-Atlantic Venture Association's Capital Connection and has served as a coach to companies presenting at MAVA's Capital Connection in 2001, 2002 and 2003. Mr. Townsend serves as a member of the Board of Directors of the Virginia Business Incubation Association, the Board of Directors of the Greater Reston Chamber of Commerce, the Board of Directors of the Century Club of George Mason University and the Advisory Council for George Mason University's Executive MBA Program. Mr. Townsend is also a Class Agent for Bowdoin College. Mr. Townsend has given presentations on topics including venture capital, mergers and acquisitions, and initial public offerings for groups including the National Business Incubation Association's International Conference, The Virginia Center for Innovative Technology, the MIT Enterprise Forum of Washington-Baltimore, the Hampton Roads Technology Council, the NxLevel Program for Technology Entrepreneurs, the Metrolina Entrepreneurial Council and the Greater Reston Chamber of Commerce. Mr. Townsend is admitted to the Bar in Virginia, Massachusetts, Maine (inactive) and North Carolina (inactive). Prior to joining the Firm in 2000, Mr. Townsend practiced with Goodwin Procter LLP in Boston, Massachusetts and Kilpatrick Stockton LLP in Charlotte, North Carolina. Mr. Townsend is a member of the Science and Technology Law Section and Business Law Section of the American Bar Association, the Virginia Bar Association and the Massachusetts Bar Association. Mr. Townsend received his J.D. degree from The University of Virginia School of Law, where he was executive editor for the Virginia Tax Review, a member of the Moot Court Board and president of Phi Delta Phi, the international legal fraternity. Mr. Townsend received an A.B. degree, magna cum laude, in Economics and Government from Bowdoin College, where he was named a James Bowdoin Scholar and served as vice-chairman of the Student Executive Board. Active in the community in various areas, Mr. Townsend serves as co-chair of the Advisory Board of the Greater Reston Chamber of Commerce Incubator Program. The Greater Reston Chamber of Commerce recognized Mr. Townsend as the "Member of the Year" for 2002-2003. Mr. Townsend serves as the Co-Chair of the Coaching Subcommittee for the Century Club Grubstake Breakfast event and is a member of its selection subcommittee. The Grubstake Breakfast event, run by the Century Club of George Mason University, provides exposure to early-stage ventures seeking investments between $250,000 and $2 million. Mr. Townsend is a member of the Coaching Committee of the Mid-Atlantic Venture Association's Capital Connection and has served as a coach to companies presenting at MAVA's Capital Connection in 2001, 2002 and 2003. Mr. Townsend serves as a member of the Board of Directors of the Virginia Business Incubation Association, the Board of Directors of the Greater Reston Chamber of Commerce, the Board of Directors of the Century Club of George Mason University and the Advisory Council for George Mason University's Executive MBA Program. Mr. Townsend is also a Class Agent for Bowdoin College.

Job Titles:

• Carlyle Venture Partner
• Principal / Mid - Atlantic Venture Funds

Sean Mallon has over 10 years of start-up, operating and venture capital experience. Prior to joining Mid-Atlantic's Virginia office in 1999, Sean was Vice President, Sales & Marketing, at ORBIT/FR, Inc. (Nasdaq: ORFR), a Pennsylvania-based manufacturer of microwave test & measurement systems for the satellite and wireless telecommunications industries. Prior to assuming his sales & marketing role, he was instrumental in taking ORBIT/FR public and in making two subsequent acquisitions. From 1993 to 1996, Sean was President and co-founder of RDI International, Inc., a New York-based manufacturer of indoor television antennas and related accessories. He began his career as an auditor with Price Waterhouse in Geneva, Switzerland. Sean holds a BA degree from Princeton University and an MBA from the Wharton School.

Job Titles:

• Carlyle Venture Partner

Job Titles:

• Carlyle Venture Partner
• Partner / Novak Biddle Venture Partners

Stephen M. Fredrick joined Novak Biddle in 1997 and focuses on investments in communications, software, and information technology. He currently serves as a director for Paratek, Optinel Systems, Princeton Optronics, XtremeSpectrum, and Zagros Networks. He is involved as a board observer at Luna Technologies and served as a Director for Woodwind Communications prior to its acquisition by VINA. Prior to NBVP, Steve co-founded MSC/Teklanika Data Systems, a software development and workgroup computing company. He previously worked for a venture-funded document imaging start-up, until it was acquired. Steve started his career in research and development at IBM where his work focused on signal processing and massively parallel computing architectures. Steve is a Magna Cum Laude graduate of Virginia Tech and holds a BS and MS in Electrical Engineering.

Steve Trundle was most recently CTO of MicroStrategy Inc. (NASDAQ: MSTR). Steve has led MicroStrategy's technology team since 1994. Over the last six years, he provided guidance for a development team responsible for creating cutting edge Intelligent E-Business TM technology-technology that has unlocked the database and made information an accessible commodity for everyone. Steve continues to push his team forward, challenging business and technology boundaries to provide the most powerful analytical and narrowcasting capabilities possible. Before joining MicroStrategy, he worked for the defense contractor Bath Iron Works in the Aegis Destroyer program. He graduated in 1990 from Dartmouth College with degrees in Engineering Science and Government.

Job Titles:

• Member of the Advisory Board
• Principal / Draper Atlantic

Job Titles:

• Chief Operating Officer

Tom works with new ventures on business strategy; business plan development, refinement, and implementation; financial modeling; and market research and competitive analysis; he is also responsible for internal LaunchFuel operations. Prior to co-founding LaunchFuel, he directed numerous business and technology strategy projects for clients ranging in size from Fortune 100 companies to Internet startup firms for AT&T Solutions, the professional services unit of AT&T (NYSE: T). Previous to joining AT&T, Tom led project teams at Silicon Valley Global Trading Center, advising technology startups on strategies for entering international markets. His experience also includes positions at International Information Systems and the United States Congress. Tom earned a Bachelor of Arts degree from Stanford University, as well as a Master of Business Administration degree from the Wharton School of the University of Pennsylvania.