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PrintNation.com Announces Board of Directors; E-Commerce, Printing Experts Drive Company Success
NEWPORT BEACH, Calif., Oct. 13: Bringing together experts in electronic commerce and the commercial printing industry, PrintNation.com -- an e-commerce supersite for commercial printers -- today announced the formation of its board of directors.
Freddie Seba, the company's Chief Operating Officer and Vice President, Sales and Marketing, will chair the board. Tony Seba, PrintNation.com's President and Chief Executive Officer, will act as a board member.
The brothers' complementary breadths of experience ensure that PrintNation.com
will become a leading provider for the $104 billion commercial printing
industry. Freddie Seba brings in-depth knowledge of both distribution
and the printing industry to the boardroom, while Tony Seba provides extensive
Internet and high-tech experience.
Joining the company founders as board members are Jason Green, General
Partner at U.S. Venture Partners, and Ray Rothrock, General Partner at
Venrock Associates. Announced today, U.S. Venture Partners and Venrock
have invested a combined $5.75 million in PrintNation.com. Green and Rothrock
round out the board's wealth of knowledge with their expertise in advising
e-commerce and Internet operations.
``Both Jason and Ray are thoroughly familiar with the business uses of
the Internet and especially business-to-business ventures such as our
own,'' noted Tony Seba. ``They'll be able to give us invaluable advice
and guidance as we seek to provide the best supply, equipment, and service
resource for printing professionals.''
To be introduced this fall, PrintNation.com is the one-stop e-commerce supersite for commercial printers, offering a broad array of printing supplies, equipment, professional resources and services to meet printers' every need.
Board Member Biographies
Freddie Seba, Chairman : Freddie Seba is very familiar with the major
suppliers of the printing industry. From 1994 to 1999, Seba was Director
of Marketing for one of Epson America's fastest growing regions. Epson
is a major manufacturer of high-quality imaging products, in Torrance,
Calif. While at Epson, Seba was instrumental in establishing the company
as a high-end printer supplier for the graphic arts/printing industry
in the region. Prior to Epson, Seba worked as a Business Development Manager
for Ingram Micro, the world's largest distributor of electronic equipment
($22B). Seba was a primary contributor to the formation of Ingram's Florida
Distribution Center, which now handles more than $1 billion of product
sales per year. Seba holds a M.B.A. from Yale and a Master's in International
Policy Studies from Stanford University.
Tony Seba, Board Member: Tony Seba, PrintNation.com's President and CEO, has more than 17 years of experience in the computer and information technology industries. Prior to founding PrintNation.com, Seba provided expert guidance to numerous start-up Internet companies in the Silicon Valley as a Sales and Marketing Strategy Consultant for the high-tech industry. As Director of Strategic Planning from 1996 to 1998 at RSA Data Security, he developed both corporate strategy and sales and marketing strategy; and managed strategic business development, including relationships with Visa, MasterCard, Microsoft, Netscape, and Sun Microsystems; and assisted with RSA's merger with Security Dynamics Technologies. While at RSA, Seba also initiated and created the company's Internet payment initiative, public key infrastructure, and Java security. As a consultant and entrepreneur, Seba has designed, created, managed, built, and commercialized more than 24 products, including sales force automation software, small business management software, integrated computer-aided software engineering programs, and Internet security software. Seba holds an M.B.A. from Stanford University and a B.S. in Computer Science and Engineering from the Massachusetts Institute of Technology.
Jason Green, Board Member: Green is General Partner at U.S. Venture Partners, focusing on Internet, software, and communications investments. He is a member of the board of directors for Nightfire Software, AvenueA Media, and PerksatWork.com. Prior to joining U.S. Venture Partners in 1997, he completed a two-year program as a Ewing Marion Kauffman Fellow with Venrock Associates, where he was responsible for such investments as Visual Networks, WhoWhere?, and AdOne Classified. Green holds an M.B.A. with Distinction from Harvard University and a B.A. in Economics from Dartmouth College. He is a recipient of the Charles Williams Fellowship at Harvard's Graduate School of Business for post-graduate research in entrepreneurship and finance.
Ray Rothrock, Board Member: Rothrock is General Partner at Venrock Associates and is a former President and Director of the New York Venture Capital Forum. Having joined Venrock in 1988, his primary focuses are Internet companies and the information technology industry. Rothrock serves on the board of directors for CheckPoint Software Technologies, Appliant, USinternetworking, Opass, Reciprocal, Shym Technology, Space.com, and Fogdog Sports. He holds an M.B.A. with Distinction from the Harvard Business School, a B.S. in Nuclear Engineering from Texas A&M University, and an S.M. in Nuclear Engineering from the Massachusetts Institute of Technology.
About PrintNation.com: To be introduced this fall, PrintNation.com is the e-commerce supersite for the printing industry, offering commercial printers everything they need for day-to-day business operations. The privately-held company is located in Newport Beach, Calif. To find out more about PrintNation.com, visit http://www.PrintNation.com on the World Wide Web or contact the company at 949-723-7790; fax: 949-723-7799.
PrintNation.com Receives $5.75 Million in First-Round Funding: U.S. Venture Partners, Venrock Invest in Printing Industry Supersite
NEWPORT BEACH, Calif., Oct. 13: PrintNation.com -- an e-commerce supersite
for commercial printers -- today announced it has received $5.75 million
in first-round venture capital funding from U.S. Venture Partners and
Venrock Associates.
The successful first round of funding reflects PrintNation.com's strong
position to become the primary on-line resource for the $104 billion commercial
printing industry. Scheduled to be introduced this fall, the one-stop
supersite will offer a broad array of printing supplies, equipment, professional
resources and services to meet printers' every need.
The business-to-business e-commerce market will reach $1.5 trillion by 2004, according to Goldman Sachs. Commercial printing -- the 4th largest U.S. industry -- is well-poised to represent a significant portion of this market share, according to PrintNation.com research.
By targeting smaller-volume commercial printers -- two-thirds of printing shops have fewer than 10 employees -- PrintNation.com is prepared to serve a market well-positioned to jump on the online buying bandwagon. More than ninety percent of the 70,000 commercial printing establishments in the U.S. are already regularly online, making online supply ordering and use of site resources a natural move.
Jason Green, General Partner at U.S. Venture Partners, the lead investor,
believes PrintNation.com has found a vertical market that has been greatly
underserved.
``The printing industry contributes about 1.5 percent to this country's
gross national product, yet it really hasn't been served well by the Internet,''
Green explained. ``PrintNation.com is expertly putting together a package
of e-commerce services that will appeal to all facets of the printing
industry.''
Ray Rothrock, General Partner at Venture Associates, also sees great potential in PrintNation.com's vertical business-to-business e-commerce play. ``The printing industry is a huge market crying for revolution, and it is exciting for Venrock to be part of a new venture serving that industry,'' said Rothrock. ``PrintNation.com is clearly moving in the right direction and has all the criteria for success.'' ``Both U.S. Venture Partners and Venrock Associates have extensive investments in other Internet-based and high-tech companies, including e-commerce businesses. Their investments in PrintNation.com confirms our belief that we will soon become one of the printing industry's most valuable resources,'' said Tony Seba, PrintNation.com President and CEO.
About the Investors
U.S. Venture Partners: Founded in 1981, U.S. Venture Partners has invested
more than $500 million in more than 200 start-ups. These companies include
such eventual industry leaders as Sun Microsystems, MMC Networks, and
CheckPoint Software. The Menlo Park, Calif.-based firm especially focuses
on Internet, communications, software, semiconductor, medical, and consumer
brand opportunities. Recent additions to U.S. Venture Partner's portfolio
include Blue Martini, an enterprise application for business-to-consumer
e-commerce; Internet Travel Network, which provides online travel reservations
for corporations; and AskJeeves, the Internet's natural language search
engine.
Venrock Associates: Venrock Associates, the venture capital arm of the Rockefeller Family, has more than 60 years of experience helping entrepreneurs build great companies. Venrock's investments have focused on early stage companies in information technology and healthcare such as CheckPoint Software, Visual Networks, DoubleClick, Intel, Apple, Stratacom, Spyglass, Genetics Institute, Athena Neurosciences, Vical and Triangle Pharmaceuticals. Some of Venrock's most recent internet investments include Fogdog Sports, USinternetworking, Neoforma, and Niku. Venrock has offices in Menlo Park, New York, and Boston.
PrintNation.com is the e-commerce supersite for the printing industry,
offering commercial printers everything they need for day-to-day business
operations. The privately-held company is located in Newport Beach, Calif.
To find out more about PrintNation.com, visit http://www.PrintNation.com
on the World Wide Web or contact the company at 949-723-7790; fax: 949-723-7799