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Dennis Phelps joined IVP in October 2001. He focuses primarily on expansion-stage and selected public market investments in software, Internet, wireless, and technology-enabled services companies. Mr. Phelps led IVP's investments in Advent Software (ADVS), Chordiant Software (CHRD), Dust Networks, SupportSoft (SPRT), Synchronoss Technologies, Vonage and Yodlee, and he currently serves as a board director or observer for Dust Networks, Vonage and Yodlee. Prior to IVP, Mr. Phelps spent several years with Battery Ventures and Internet Capital Group ("ICG"). At Battery, he managed the firm's West Coast software deal sourcing program, executed new investments in emerging software and Internet companies, and worked closely with portfolio company management teams. His investments at Battery included two financial software companies, Corillian (CORI) and eCredit.com, each of which generated several multiples of return on invested capital. In November 1999, Mr. Phelps was recruited from Battery to ICG, where he was the third member of ICG's West Coast Acquisitions team. As Director of Acquisitions, he was responsible for identifying and executing strategic acquisitions, providing partner company management teams with operational and financial assistance, managing business development initiatives, and generating portfolio liquidity. Earlier in his career, Mr. Phelps worked in corporate finance with Hambrecht & Quist ("H&Q"), a technology-focused investment bank. At H&Q, he assisted a diverse variety of technology clients with public equity offerings, private placements, and mergers and acquisitions. His transaction experience included IPOs for some of the Bay Area's leading technology companies, including Advent Software (ADVS), CNET (CNET) and MacroVision (MVSN). Mr. Phelps earned a B.A. in Government & Economics (magna cum laude) from Dartmouth College. | 