SOURCE: .406 Ventures

October 16, 2007 15:26 ET

.406 Ventures Expands Team

Adds Greg Dracon as Principal

BOSTON, MA--(Marketwire - October 16, 2007) - .406 Ventures, a leading venture capital firm that invests in early stage Information Technology and services companies, today announced that Greg Dracon has joined the firm as a Principal.

Greg brings 13 years of venture investing and operating experience in technology companies to .406 Ventures. Prior to joining .406, Greg was a Vice President of Core Capital Partners, a venture capital firm investing in early stage venture and small to mid-sized growth technology companies. At Core Capital, Greg focused on technology infrastructure, technology-enabled services, software, security, wireless and digital media investments. From 1995 to 2005, Greg held various operating roles at Texas Instruments, including positions in business development and technical sales management. At .406, Greg will support the team in all aspects of the investment cycle.

"Greg brings an exceptional mix of operational and early stage venture investing experience to .406," said .406 Managing Director Liam Donohue. "His addition to our team reflects our commitment to back-to-basics venture investing, where our investing professionals are able to offer real world advice based on first-hand operational experience."

Greg received his MBA, with majors in Entrepreneurial Management and Finance, from the Wharton School and his BS in Electrical Engineering from Pennsylvania State University.

About .406 Ventures

Founded in 2006, .406 Ventures is an early-stage venture capital firm that invests in innovative Information Technology ("IT") and services companies founded by the finest entrepreneurs. The .406 Ventures team is comprised of industry entrepreneurs, operators and investors who apply real world experience, deep industry knowledge and networks, and strong company-building skills to create value for our entrepreneurs and investing partners. We typically are the lead, first institutional investor in early-stage and de novo investments in market-changing IT Security and Infrastructure, Technology-Enabled Business Services, and Next-Generation Software companies.

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