Mr. C. Richard Kramlich has been a Board Member of Xoom Corporation since April 2005. He is a co-founder of New Enterprise Associates, a venture capital firm, where he has served as a General Partner since its formation in 1978. He was Managing General Partner of the firm through NEA VII when he turned the reins over to Peter Barris and became a General Partner. During the 20 years Dick was the Managing General Partner of NEA, the partnership achieved top quartile returns for its Limited Partners. Dick began his venture career in 1969 as a General Partner with Arthur Rock and Co. after nine years in general management as Manager of Financial Planning at the Kroger Co. and in investment management as Executive Vice President at Gardner & Preston Moss Company in Boston. In 1977 Dick was an early investor in Apple Computer for his own account. He is currently a member of the board of directors of Zhone Technologies, Inc., a telecommunications equipment company, SVB Financial Group, a financial services company, Sierra Monitor Corporation, an electronic safety equipment manufacturer, and is a director of numerous private companies. He holds a Bachelor of Science degree from Northwestern University and a Master of Business Administration degree from Harvard Business School.