Paul Matteucci

people pic goes inside td name and title nospaces outside the name begin paragraph text "The aftermath of the Telecom/Internet bubble was a difficult period for manycompanies, but it wasn't altogether a bad time," says Paul Matteucci, who served asinterim CEO for several USVP companies during the early part of the decade and observedthat "real entrepreneurs" continued to innovate and forge new pathways that today arebearing fruit. Now he sees this happening again as we recover from the deep recessionof 2008-2009. "When some one from this new generation loses a job, you find themwaiting in the lobbies of venture capital firms with a business plan, rather than inthe unemployment line with a resume. They have a sense that they can take charge oftheir own destiny, rather than become a victim of their circumstance." With a passion for mentoring startup teams, Paul helped a generation of entrepreneurslearn object lessons in how to execute during difficult times. In fact, he notes, thebest of them learned to use the hard times as a source for innovation, and as impetusfor creating cultures that are accountable, cash-efficient and focused. "USVP remains very active during all phases of the business cycle, continuing to investthroughout the recession and recovery. We invest in 15 to 20 new businesses everyyear. It takes time to build a great company. So when you start it, is less importantthan when it emerges with its product done and its sales beginning to ramp. It is hardto predict what the economy will look at that point, so you can't let today's newsoverly impact your investment timing. The current generation of management in today'sstartups is savvier, more resilient, and willing to take five years or more to build acompany." Paul's passion is for creating jobs for people and their families. Small businessesare by far the major source of job creation in the U.S. and, increasingly, worldwide.His strengths include strategic marketing, organization operations, and team-building. "Entrepreneurs are smart, engaging people. They have a vision for how to change theworld. I help them avoid the tendency to defocus when facing multiple opportunities." Prior to USVP, Paul was CEO of HearMe, taking that company public in 1998. His twodecades of operations experience include eight years with Adaptec, where he was VicePresident and General Manager of the SCSI host adapter division. Paul served as aResident Entrepreneur for Institutional Venture Partners in 1995 and was an advisor toAccel Partners, Redpoint Ventures and Sutter Hill Ventures in the 1990s. Paul receivedan M.B.A. from Stanford University, an M.A. in International Studies from Johns Hopkinsand a B.A. from the University of the Pacific. With his partners, Paul led investmentsin Trovix and 3Ware. He is currently on the boards of Factery, Gear6, Intransa,LimeLife, Total Beauty, and Winster. Paul also serves as a trustee of the World'sAffairs Council and is a board member of the University of the Pacific's School ofInternational Studies and of the Business School at Montana State University inBozeman. He is a frequent lecturer at business schools, including Notre Dame, MontanaState and U.C. Davis. Paul's interests on the technology landscape: consumer and business services, audiencemeasurement and aggregation, storage and enterprise applications and reinventing theindustrial food system. "The models point to a peaking of the world's population atbetween nine and ten billion people around 2050. Getting from here to there withoutmassive starvation and environmental damage is a major challenge for governments andbusinesses. But it is also an enormous opportunity for entrepreneurs, with creativeideas, to build valuable companies that address these issues." On the natural landscape: "Building an American Serengeti"--an ambitious undertakingPaul is pursuing with the American Prairie Foundation, to recreate and preserve vastportions of the nation's prairie lands. Paul loves the Wild West, an attitude thatcauses him to spend time in Montana as often as possible. A grandson of Italian immigrants, Paul followed his heritage from San Francisco toFlorence, Italy, where he attended cooking school. He's blending his passions forcooking and the environment into a series of fundraising dinners for APF--"Lewis andClark: Cooking of the Jeffersonian Era." Checkout his website and blog atwww.foodcrunch.com . Favorite Books: A River Runs Through It by Norman MacLean, because "it remindedme of growing up with my father and brother," and The Omnivore's Dilemma byMichael Pollan which describes how industrial food is destroying our health and ourplanet. Download Color Photo begin bottom U.S. Venture Partners 2735 Sand Hill Road Menlo Park, CA 94025 Telephone: (650) 854-9080 Fax: (650) 854-3018 www.usvp.com

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