Sevin Rosen Sees the Light
The well-regarded venture capital firm, Sevin Rosen Funds, which backed notable companies such as Compaq Computer Corp. (NYSE: CPQ) and Ciena Corp. (Nasdaq: CIEN), is looking to build up its optical networking presence.
With two partners expected to bow out for retirement, the firm is hoping to groom a new senior associate to take on the task of building Sevin Rosen’s optical portfolio.
The firm is loaded with cash and looking to spend it. Earlier this month it announced an $875 million fund, the largest fund in the firm's history, which will focus on optical and wireless technology.
Sevin Rosen was started back in 1981 and has steadily built up its stable of companies and its reputation. Its recent startup investments include Chiaro Networks, Metro-Optix Inc., Southampton Photonics Inc., Telseon, and Xtera Communications Inc..
Competition for investment talent is fierce, which is why Sevin Rosen has hired Joan Cascio of Austin McGregor International, an executive recruitment firm, to head up the search for new partners.
Who is the firm looking for? First, it needs someone with considerable experience in the telecom industry. Specifically, this means someone who is at least a director or vice president of an infrastructure hardware/systems company with strong technical, systems, and product marketing and management background. In terms of education, the firm is looking for someone with a technology degree and possibly an MBA “from a top school." The position offers a six-figure base, bonus, and opportunity for advancement within the firm, according to Cascio.
-- Marguerite Reardon, senior editor, Light Reading, http://www.lightreading.com