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Milk
Street Ventures was formed in 1997 to take advantage of relatively new (at that time) and infrequent opportunities in the
direct secondary market. In fact, as far back as 1990, Mr. Schober pro-actively invested in what was then a virtual unknown:
a secondary purchase involving several portfolio companies of a fund nearing the end of its term. This successful secondary
transaction demonstrated the value of extending the holding period of limited life funds and continuing to add value beyond
the life of the original investing fund.
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Peter
Schober co-founded Milk Street Ventures with Mike Schiavo in 1997. He has made over 25 investments, mostly as lead
investor, and served on various boards as an active director, including appointments to executive, audit, and compensation
committees. Peter started his venture capital career during business school with TVM Techno Venture Management, one of Germany’s earliest and largest technology venture capital
firms. Subsequently, he was a member of the original team that established TVM’s investment office in the United States. In 1989, Peter co-founded MVP Ventures in Boston. MVP Ventures raised four funds and made investments in a range
of sectors, including information technology, communications, life sciences, hospitality, and industrial. Starting in 1998,
Peter developed the concept for, established, and ran the European investment activity of M/C Venture Partners, a leading
early-stage U.S. venture capital firm
in the communications sector. A native of Austria, Peter is fluent in English,
German, French, and Swedish. He
earned his B.A. degree from the Georgetown University School of Foreign Service and received an MBA from the Wharton School
of Finance as well as an MA from the Lauder Institute at the University
of Pennsylvania in 1986. Contact: peter@milkstreetventures.com
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Ron Warrington
has over 25 years experience
in business management, venture investing, and strategic consulting. Before joining Milk Street Ventures, he was Senior Partner
at Energy & Environmental Economics, focused on M&A, new business development, and strategic opportunities in the
energy/renewable industry. Prior to E3, he was a founding principal of New Health Ventures, a healthcare/Internet services
venture company of Blue Cross/ Blue Shield of Massachusetts. Ron also served as lead investor and President/COO of US Public
Communications before its merger and subsequent IPO as Communications Central, Inc. (CCIX); he was an independent director
there for nine years. Ron has been director, general partner or president for a number of public and private telecomm, healthcare
and service companies. His formative background includes financial analysis and workouts at Chase Manhattan Bank, management
consulting at Computer Science Corporation (Index Group), and venture investing at WDC, Inc.
He
earned his B.A. in Economics from the University of California,
Berkeley and his MBA from Harvard
Business School. Contact: ron@milkstreetventures.com
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Jo Anne Miller: Prior to joining Milk Street Ventures,
Jo Anne was a Principal at Nokia Innovent, a seed-stage investing team within the Nokia strategy organization.
In this role, Ms. Miller was responsible for management of the portfolio and the Nokia business relationships. Prior
to Nokia, Jo Anne was the President and CEO of Gluon Networks, a start-up providing next-generation converged voice and data
switching and management systems for local telephone service providers. Jo Anne has more than
29 years of telecommunications and computer industry experience, including senior executive, engineering management, and research
roles at JetCell, an indoor wireless/VoIP company (acquired by Cisco Systems), AirNet Communications, a wireless infrastructure
company, Tellabs, and AT&T Bell Laboratories.
Ms. Miller holds
a BS in Mathematics from the University of Michigan,
an MS in Computer Science from the University of Colorado,
and an MBA from the University of Chicago.
Contact: joanne@milkstreetventures.com
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Michael Schiavo co-founded Milk Street Ventures with Peter in 1997. He has been active in private
equity-related activities since 1983. He started his career as Assistant Controller of TA Associates,
followed by Controller of Advent International Corporation. In 1987, he became a financial consultant to TVM Techno Venture
Management and in 1989 joined in the launching of MVP Ventures as General Partner and Chief Financial Officer, responsible
for administration of fund-related activities and investment due diligence. Over the years, he has consulted to HarbourVest
Partners, Parthenon Capital, MPM Management, A.M. Pappas & Associates, Memory Pharmaceuticals, and Relevant Technologies.
He currently is a General Partner at Kodiak Venture Partners and is a member of the Board of Directors of Motia, IceFyre Semiconductor,
T.M.T. Coaxial Networks and Boston Private Bank & Trust Company, where he serves on the Audit and Risk Management as well
as the Investment Management and Trust Committees. His day-to-day involvement at Milk Street Ventures is in an advisory capacity.
Mike earned a BA in Business Administration from Siena College,
an MBA from Suffolk University, an MS in
Taxation from Bentley College,
and is a Certified Management Accountant. Contact: mike@milkstreetventures.com
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