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DCM's Rob Theis Joins Scale VP As Managing
Director
VentureWire
By Scott Denne
May 7, 2008
Rob Theis, a former general partner with DCM, has joined Scale
Venture Partners as a managing director.
"He knows how to do exactly the kind of thing we like doing: helping
companies think about their global strategy," said Kate Mitchell,
a managing director with Scale. Theis has significant experience
in helping companies open up new markets, she added, both as a
venture capitalist and as an executive at Sun Microsystems Inc.
and New Era of Networks Inc.
Scale is expected to begin raising another fund in mid-2008, according
to an April 2007 story in Private Equity Analyst, which is published
by VentureWire publisher Dow Jones & Co. Mitchell wouldn't comment
on fund-raising plans, but she said Theis' hiring was not about
building up the team in anticipation of a new fund.
"We've had the view the last few years that if we found someone
we liked that fit our strategy, we would hire opportunistically," she
said. Scale has worked with Theis on the boards of several companies
since 2000, including JasperSoft Corp., a developer of open-source
business intelligence software. At Scale, Theis will invest in
both software and technology infrastructure companies. At DCM,
where Theis spent eight years, his investments included NeoPath
Networks Inc., a maker of file migration appliances that was acquired
by Cisco Systems Inc. last year; PGP Corp., a data encryption company;
VanceInfo Technologies Inc., a software development outsourcing
provider that went public late last year; Autonomic Networks Inc.,
a network access control company that has gone back into stealth
mode to retool its products; and Jaspersoft.
Scale's most recent fund, Scale Venture Partners II LP, closed
in 2005 with $400 million. The firm invests in mid- and late-stage
companies in both life sciences and technology.
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