SHEPHERD VENTURES, INC.
DELRAY BEACH, FLORIDA

Shepherd Ventures was founded in 2001 and is headquartered in San Diego, part of Southern California's Tech Coast, with easy access to other technology centers throughout the region. The four original Managing Directors of Shepherd Ventures were George Kenney, Peter Fisher, Tom Siegel and Richard Kuntz. The region has vibrant high technology and life sciences industries, is underserved by the venture capital community, and offers compelling investment opportunities. First stage companies are those with products that incorporate a disruptive technology, that are (or are about to be) commercially released, and that are capable of creating a valuable new paradigm in their category. In particular, we look for companies with completed products, where sales channels have been defined, and when possible, validated by a purchase order or letter of intent from a bona fide customer. Companies should exhibit a sustainable competitive advantage that will drive them to market or sector dominance and a credible path to profitability. Investments in these companies may be part of the first or second round of institutional capital. Seed stage opportunities will generally not be considered. Later stage companies are those that either have received prior rounds of venture capital, or have achieved growth and operational maturity without venture funding. These companies would be established technology companies with existing revenue and proven management teams. They likely will have profitable products, brand identity, market traction, and satisfied customers. The Shepherd Ventures Managing Directors, Venture Partners and Advisors are industry leaders who have extensive experience operating, guiding and investing in first and later stage information technology and life sciences companies. Shepherd Ventures takes pride in its people. We have a dynamic team of experienced professionals who hold diverse, yet extremely relevant backgrounds. The Shepherd team is disciplined, committed, capable, and always eager to assist our companies in any area they need to succeed. While we structure and lead most of the investments we make, we recognize the value of partnering to help entrepreneurs execute and build world class businesses. Shepherd Ventures is a venture capital fund whose mission is to generate significant capital appreciation through first and later stage investments in carefully selected, wisely shepherded growth companies.  Shepherd Ventures is located in San Diego, part of Southern California's Tech Coast, with easy access to other technology centers throughout the Southwest. This region has vibrant information technology and life science industries and is currently underserved by venture capital relative to its market potential. We believe that our local presence and the collective experience and personal networks of the Shepherd team give us a competitive advantage within this geographic region and therefore primarily concentrate our investment activities here.