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HMS Management

Richard G. Grey has been a general partner of HMS Hawaii Management, the General Partner of the leading venture capital funds in Hawaii, since 1994. He was a founder of Vidar Corporation, a Silicon Valley manufacturer of telecommunications systems, which was acquired by Continental Telephone Corporation. Following the acquisition, Grey continued to work as president at Vidar until he resigned in 1974 to form Transwitch Associates, a telecommunications consulting firm performing assignments for such clients as Plessey, Philips, LM Ericsson, IBM and GTE.

His venture capital experience includes Island Investors, a California limited partnership, which invested in Intelect, Inc., (Hawaii) and other direct investments including Digital Microwave Corporation. Grey was also a founding Special Limited Partner of Vanguard Associates, a Palo Alto venture capital firm.

He is currently a director of Pacific Island Resources, Kona Bay Marine Resources, Firetide and MedDev Corporation. He is a life member of IEEE and holds BS and MBA degrees from UCLA and a JD from the University of San Francisco.

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William K. Richardson has been a general partner of HMS Hawaii Management, the General Partner of the leading venture capital funds in Hawaii, since 1994. He is a graduate of UC Santa Barbara and Duke University School of Law, and a former national caliber volleyball player. Prior to founding HMS Hawaii Management, Richardson was a Hawaii attorney specializing in commercial law and finance. He also worked nine years in various sales and marketing capacities for Wang Laboratories. He is currently the chairman of the board for Pacific DirectConnect, a WiFi integration company; Kona Bay Marine Resources, a marine biotech company; and Hawaii Biotech, a bio-therapeutic company. He was formerly on the boards of Wireless (now interWAVE Communications International) and HealthScape (now VirtualSeller.com), and a board visitor to Digital Island (now Cable & Wireless). He is an active investor/mentor in Hoku Scientific, a fuel cell company; Firetide, a WiFi equipment builder; and Hoana Medical, a medical device company.

Richardson was the founding co-chair of University Connections, and a founder and current President of HiBEAM. His community connections include six years as a trustee of the University of Hawaii Foundation, five years on the Board of the National Kidney Foundation and current board member of the Pacific Asian Center for Entrepreneurship and E-Business and the Entrepreneurs Foundation of Hawaii.

Special Limited Partners
John Dean was the former chief executive officer of Silicon Valley Bancshares and Silicon Valley Bank and is now managing director of Tuputele Ventures Fund and resides in California and Hawaii.

From April 1993 to April 2001, Dean was chief executive officer of Silicon Valley Bank. Prior to this position, he had been CEO of four other institutions. During his eight years at Silicon Valley Bank, assets grew from $935 million to $5.5 billion; employees from 235 to more than 1,000; and, market capitalization from $63 million to a peak of over $3 billion.

In 1997, he was recognized by Business Week as one of Silicon Valley’s top 25 “movers and shakers.” In 2000 Silicon Valley Bancshares was ranked first among the second-hundred largest banking companies in the United States by U.S. Banker, based on return on equity and growth in per-share net income for the five years ended December 31, 1999. And, in 2001, he was recognized by Forbes as one of the “50 most powerful dealmakers.”

A graduate of Holy Cross College, a former Peace Corps volunteer and a graduate of the Wharton School with an MBA in finance, Dean spent 25 years as an executive in the financial services industry and the last eight years in banking technology start-up companies.

Prior to Silicon Valley Bank, Dean was chief executive officer of: Pacific First Bank (1991-1993); First Interstate Bank of Washington (1989-1991); First Interstate Bank of Oklahoma (1986-1989); and, First Interstate System, Inc. (1981-1986). He is an advisor or director to several US and foreign venture capital firms and technology companies, both in the United States and oversees.

Ron Higgins has spent his career as an entrepreneur actively involved in major industry transitions in the areas of networking and communications, desktop publishing, desktop presentations and multimedia. He has developed four technology companies from early stage through successful public offerings.

Higgins has extensive global experience in strategic business development and planning, including defining architectures, identifying worldwide market opportunities and targeting market leverage points. He has also successfully raised hundreds of millions of dollars through private equity and public markets.

Most notable, he was founder, CEO and chairman of Digital Island, a worldwide IP based network that is focused on helping multinational corporations deploy mission critical applications and distribute Internet content globally.

He is currently CEO of RSHF, LLC, a private investment management firm, and serves on several company boards of directors as well as non-profit boards for the USS Missouri and the Honolulu Academy of Art.

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Co-Investors
In addition to local high net worth individuals, financial institutions, trusts and institutional investors, HMS Hawaii Management’s investment partners include:

Advent International
Allegis Capital
Bay Partners
Comm Ventures
Crossroads Venture Capital
Draper Fisher Jurvetson
DynaFund Ventures
Higgins Community Property Trust
International Venture Fund
JAFCO
Menlo Ventures
Vanguard
Technology Development Fund (Singapore)
Woodside Group

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