| Mark Floyd Joins EDV As Venture Partner |
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| July 24, 2007 |
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Former CEO of Entrisphere and Efficient Networks Will Identify Investment Opportunities and Consult With EDV Portfolio Companies
MENLO PARK -- El Dorado Ventures today announced that Mark Floyd has joined the firm as a Venture Partner. Floyd will help El Dorado identify new investment opportunities in the communications sector and will provide assistance and guidance to current El Dorado portfolio companies.
Floyd is the former CEO of Entrisphere, a communications equipment company and EDV portfolio company that was recently acquired by Ericcson. Floyd became CEO of Entrisphere after completing the successful $1.5 billion acquisition of Efficient Networks by Siemens in 2001. Prior to founding Efficient (also an EDV portfolio company) in 1993, Floyd served as Chief Operating Officer and a Director of Networth Inc., and was Executive Vice President, Chief Financial Officer and Director of the Interphase Corp.
Floyd holds a B.B.A. in finance from the University of Texas at Austin and was the Recipient of the 2001 Ernst & Young Entrepreneur of the Year award for the Southwest region.
“Mark Floyd is the very definition of ‘successful serial entrepreneur,’ and we’re very glad to have him join the El Dorado team,” said Tom Peterson, EDV General Partner. “We’re sure that Mark will add value to El Dorado as we identify and evaluate new investment opportunities, as well as through his work with our existing portfolio companies.” |
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