Business Editors
CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 11, 2000
Cambridge Incubator and Draper Fisher Jurvetson Partnership Enhances
Executive Team; Brings Todd Hixon and Peter Crisp on Board
DFJ New England (DFJNE) today announced that Todd Hixon, a senior vice president with The Boston Consulting Group (BCG), has agreed to join the Fund as managing director. In addition, Peter Crisp, a veteran in the technology industry and director of Venrock, Inc., as senior advisor. The two join a team of seasoned business professionals who will lead the growth of the recently launched DFJ New England Fund, a venture fund that combines the acceleration services of Cambridge Incubator and the global network of the West Coast venture capital firm Draper Fisher Jurvetson (DFJ).
Todd Hixon is an experienced venture investor, and a 24-year veteran of providing strategic advice to leading technology companies worldwide. He brings a strong investment track record from BCG, where he was co-founder of their "e-Ventures" global venture capital group. Before that, he founded and grew BCG's highly regarded Technology and Communications practice to over $100 million in global revenue. Hixon is a graduate of Princeton University and Harvard Business School.
Peter Crisp is a founding partner of Venrock Associates and vice chairman of Rockefeller Financial Services, Inc. He currently serves on the boards of numerous for-profit and nonprofit organizations and holds corporate directorships at several leading U.S. corporations, including U.S. Trust Corporation and American Superconductor Corporation. Crisp is a graduate of Yale University and Harvard Business School.
"Both Peter and Todd bring decades of invaluable experience, a wealth of established industry contacts and a proven record of success to the management of the DFJ New England Fund," said Scott Johnson, managing director of DFJ New England. "Their combined expertise will be essential in identifying promising investment opportunities and growing them into large, profitable enterprises."
"I am thrilled to take a key role with the DFJ New England Fund and extend my involvement with Cambridge Incubator," said Hixon. "The quality of the Fund's management team, and the extensive capabilities of our partners, DFJ and Cambridge Incubator, promise to offer emerging companies a unique combination of capital and strategic guidance to support the rapid growth of their businesses."
About DFJ New England
Launched in May in partnership with Draper Fisher Jurvetson and Cambridge Incubator, DFJ New England Fund offers a powerful combination of experienced, hands-on early-stage investment management, and access to DFJ's expanding global network and Cambridge Incubator's acceleration services. Please visit the Fund's website at www.dfjne.com.
About Cambridge Incubator
Based in Cambridge, MA, Cambridge Incubator has pioneered Active Incubation, a new business model that creates successful e-businesses in record time, bringing together an unprecedented level of collaboration, applied industry experience and capital. Through its unique Venture Campus environment, Cambridge Incubator helps emerging e-businesses develop and execute winning strategies to rapidly navigate the course from idea inception to market success. A partial list of Cambridge Incubator's member companies includes: BrandStamp, Peoplestreet, Veritas Medicine and Secure Sponsorship. Visit www.cambridgeincubator.com for more information.
About Draper Fisher Jurvetson
Draper Fisher Jurvetson, is the leading early stage information technology venture capital firm. Headquartered in Redwood City, California, Draper Fisher Jurvetson manages over $1 billion in committed capital and has developed a large network of highly successful Internet portfolio companies including Digital Impact, FogDog, Wit Capital, GoTo.com, Tumbleweed Communications, Kana Communications and NetZero. Draper Fisher Jurvetson pursues a people/market/technology approach to venture capital investing, funding entrepreneurs with the energy, vision, experience and desire to build great companies. For more information about Draper Fisher Jurvetson see www.dfj.com.
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