Institutional Venture Partners (IVP) Promotes Jules Maltz to General Partner

Menlo Park, CA May 18, 2011 - Institutional Venture Partners (IVP), one of the premier later-stage venture capital and growth equity firms, is pleased to announce that Jules Maltz has been promoted to General Partner. The promotion recognizes Jules contributions to IVP and highlights the firms continued momentum in strengthening its investment team. Mr. Maltz joins Todd Chaffee, Norm Fogelsong, Steve Harrick, Sandy Miller and Dennis Phelps as the sixth General Partner of the firm.

Jules Maltz joined IVP in August 2008. He focuses on later-stage venture investments in rapidly-growing Internet and software companies. Jules led IVPs investment in Buddy Media and was actively involved in IVPs investments in LivingSocial, Marketo, ngmoco, Sugar, Spiceworks, Twitter and Yext. Jules currently serves on the Board of Directors of Buddy Media and H5.

Jules has consistently set the highest bar for himself and has exceptional investment skills, said Sandy Miller, General Partner at IVP. Jules will play an integral role in the future of IVP, and we are thrilled to announce his promotion.

I have never met a VC with more compassion, energy and drive than Jules, said Michael Lazerow, CEO of Buddy Media. While most investors slow down after the investment closes, Jules has only increased his commitment. Jules is a great guy whose only mission is to build a massive business with us and support us in all ways possible.

Im honored to be a part of the IVP team and to work with technology entrepreneurs who are positively changing the world, said Jules Maltz. Social media and mobile technologies are only just beginning to disrupt traditional industries. Im incredibly excited about the opportunity to make later-stage investments in the coming years.

Prior to IVP, Jules worked for 3i, a leading global venture capital firm. He evaluated early and later-stage Internet, mobile, and software investments, and he completed transactions for companies such as BlueLithium, Fotolog, Omniture (ADBE) and Trovix. Jules also worked in business development for AdMob, a mobile advertising provider, and co-founded AdNectar, a social media advertising startup. Earlier in his career, Jules worked in technology investment banking with Robertson Stephens and Banc of America Securities. Jules has an M.B.A. from Stanford University, where he was a Siebel Scholar and an Arjay Miller Scholar. He also graduated magna cum laude with a B.A. in Economics from Yale University.

About Institutional Venture Partners (IVP)

With $3 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. The partnership is currently investing IVP XIII, a $750 million later-stage fund focused on investments in rapidly growing media and technology companies. Founded in 1980, IVP has invested in over 300 companies, 86 of which have gone public. IVP has a 30 year IRR of 43.2% and is one of the top performing firms in the industry. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight (HPQ), Aspect Communications, At Road (TRMB), Business.com (DEXO), Clarify (DOX), ComScore (SCOR), Concur Technologies (CNQR), Danger (MSFT), Digital River (DRIV), Foundry Networks (BRCD), HomeAway, Juniper Networks (JNPR), Kayak, LivingSocial, LSI Corporation (LSI), Mobile 365 (SAP), MySQL (ORCL), Netflix (NFLX), Polycom (PLCM), Quigo (TWX), Seagate (STX), Synchronoss (SNCR), Tivo (TIVO), Twitter, Websense (WBSN) and Zynga. For more information, visit http://www.ivp.com or follow IVP on Twitter: http://twitter.com/ivp.

LINK:	http://www.ivp.com/news/press-release/institutional-venture-partners--...
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