| Paul McNamara Joins EDV as an Entrepreneur-in-Residence |
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| May 18, 2005 | Press Release |
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Former Silicon Graphics Executive Will Focus on Opportunities in High-Performance Computing, Enterprise Software, Open Source and Digital Media
MENLO PARK, Calif. (May 18, 2005) – El Dorado Ventures, a leading venture capital firm that specializes in early-stage technology investing, today named Paul McNamara an entrepreneur-in-residence with the firm.
McNamara joins El Dorado from Silicon Graphics Inc. (SGI), where he most recently served as Senior Vice President and General Manager of SGI’s Visual Systems Group, responsible for engineering, marketing and general business management of SGI’s workstations, graphics servers and graphics software product lines. He joined SGI in 2001 as Vice President for Open Source.
At El Dorado, McNamara will focus on investment opportunities in high-performance computing, enterprise software, open source and digital media.
“I’m very excited to be joining El Dorado Ventures to incubate or grow a new technology company,” said McNamara. “I’m a firm believer in the crucial role that experienced venture capitalists can play in the success of an early-stage technology company. El Dorado Ventures is one of the very best at supporting entrepreneurs and helping them build successful companies,” he added.
“We're really looking forward to working with Paul. He brings the energy and experience that are critical ingredients for a start-up,” said Charles Beeler, General Partner of El Dorado Ventures. “Paul is a person who will attract strong people to his team and know how to leverage their strengths to build a great company,” he added.
McNamara has more than 20 years of experience in the computer industry. Prior to joining SGI, McNamara was vice president of business development for Red Hat, Inc. He joined Red Hat in 1998 and was a key figure in Red Hat’s rise to prominence in the computer industry. At Red Hat, McNamara was responsible for structuring the company's industry-shaping relationships with Intel, IBM, Dell, Compaq, Oracle and others; for developing Red Hat's unique business model; and, as a member of the executive team and officer of the company, for guiding the company through its highly successful IPO.
Prior to joining Red Hat, McNamara was president and chief operating officer of Asset Management Technologies (AMT), a software company he founded in 1994 that was ultimately acquired by Pinkerton. Prior to AMT, McNamara held a series of management positions at IBM. McNamara earned his B.S. degree in mechanical engineering from Drexel University in 1984. |
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