Mr. Marquardt is a founding general partner of August Capital, a private venture capital firm in Menlo Park, California, organized in 1995. Mr. Marquardt entered the venture capital business in 1979 as an associate at Institutional Venture Associates (IVA). During his tenure at IVA, he led successful investments in Seagate Technology, Inc., Archive and SpectraLogic (acquired by Seagate) and Stratus Computer. In 1980, Mr. Marquardt became a founding partner in Technology Venture Investors, four highly successful venture funds that invested in more than 100 start-up and emerging growth companies. During his venture career, Mr. Marquardt has led investments in more than 35 companies, serving on 20 boards of directors. In addition to the companies mentioned above, his venture successes include Adaptec, Auspex, Grand Junction Networks (acquired by Cisco), Linear Technology, Microsoft Corporation (where Dave was the sole venture investor) and Sun Microsystems. In addition to being a founding member of Microsoft's board of directors since June 30, 1981, Mr. Marquardt currently serves on the board of directors of Seagate, and various privately held companies.