Greylock Names James Slavet as Partner

Former Yahoo Executive Deepens Greylock?s Consumer/Internet Investment Team

San Mateo, CA and Waltham, MA—April 25, 2006
Greylock Partners today announced that James Slavet, former vice president and general manager at Yahoo and a key player in several pioneering consumer/Internet startups, has joined Greylock?s team as a partner, effective immediately. Slavet will focus on identifying early-stage consumer/Internet VC investments and providing operational expertise to help guide existing Greylock portfolio firms. James has entrepreneurial DNA combined with operational experience at both small and large companies,? said David Sze, partner, who leads Greylock?s consumer/Internet investments. ?He brings insight into the sectors that are ripe for new startups, and also knowledge about the most effective ways to build successful consumer/Internet businesses in today?s environment. We?re delighted that he?s part of our team.? ?As the founder of a Greylock-backed startup company, I benefited first-hand from Greylock?s approach of serving as trusted partners to the entrepreneur,? said James Slavet. ?I?m pleased to now be able to provide the same kind of advice and support to help build a new generation of leading companies.? The appointment deepens Greylock?s commitment to working in a supportive and consultative way with emerging consumer/Internet businesses, to help entrepreneurs build market-leading companies. Greylock?s recent consumer/Internet investments include digg, Facebook, LinkedIn and Oodle. Operating from offices in the Boston area and Silicon Valley, Greylock?s team uniquely includes three generations of partners all of which possess deep investing and company operating experience. About James Slavet James Slavet has an extensive background as an entrepreneur and general manager in the software, Internet and media industries. Most recently, he worked at Yahoo!, as vice president/general manager of the travel and automotive businesses. Travel and automotive are two of the largest online verticals in the U.S., and Slavet was responsible for leading the growth of these two businesses for the company. Prior to Yahoo!, Slavet served in key product management, marketing, business development and general management roles in several startup ventures, He was founder/COO of Guru, an online recruitment company which merged with Unicru (both Greylock-funded companies); the first employee of publicly held online consumer health company Drugstore.com; and the manager of new business ventures for the pioneering internet/media company Wired, which was acquired by Conde Nast and Lycos. Slavet also worked as a strategy consultant at Monitor Company. He holds a BA from Brown University and an MBA from Harvard Business School. About Greylock Partners Founded in 1965, Greylock Partners is one of the world?s leading venture capital firms. Over the past 41 years, Greylock has funded and helped build several hundred successful companies. The Greylock approach uniquely puts the entrepreneur first, with Greylock working as an ?invited guest? in a highly supportive yet consultative way to help entrepreneurs build market-leading companies. Companies Greylock has funded include Ascend Communications, CheckFree, Continental Cable, Decru, DoubleClick, Internet Security Systems, Ikanos, Legato, Millennium Pharmaceuticals, Openwave, Red Hat, RightNow Technologies, Tellabs, Trilogy and Wily Technology. Greylock?s offices are located in the Boston area and in Silicon Valley. For more information, please visit www.greylock.com.