Millennium Technology Value Partners Reports Mid-Year Highlights: Four Portfolio Company Sales in First Half of 2013 Six Initial

  Millennium Technology Value Partners Reports Mid-Year Highlights: Four
  Portfolio Company Sales in First Half of 2013 Six Initial Public Offerings
  on File

 Millennium also sees active IPO and M&A markets ahead in second half of 2013

         Secondary market increasingly important to venture ecosystem

Business Wire

NEW YORK -- June 26, 2013

Millennium Technology Value Partners, a pioneer in alternative liquidity
solutions and an investor in many of the world's leading private technology
companies, reported an active first half of 2013, including four successful
portfolio company sales representing $3.1 billion in total enterprise value:

  *The sale of Epocrates to athenahealth;
  *The acquisition of NetSpend by TSYS;
  *The majority recapitalization of Datapipe; and
  *The acquisition of Tumblr by Yahoo.

“The acquisitions of four of our portfolio companies in the first half of this
year speaks to growing strategic and private equity interest in best of breed
technology companies,” said Sam Schwerin, Millennium Managing Partner. “This
also illustrates the success of Millennium’s approach of partnering with
best-of-breed companies and, as a Trusted Liquidity Partner, continuing to
support these great companies with additional capital as they grow.”

Millennium also has investments in six companies that have filed for an IPO in
2013. In total, one-third of the companies in which Millennium has a
substantial investment have either been acquired or have entered into the IPO
process since January 1, 2013. Over the last three years, Millennium's
portfolio companies have achieved 17 IPOs and M&A events.

“The exit activity for our portfolio has been quite significant, especially
relative to the size of our firm," added Schwerin. “We believe we will
continue to see strong exit opportunities – either through the public markets
or through strategic acquisitions – for technology companies in those sectors
witnessing explosive growth and fundamental change.”

Millennium Managing Partner Dan Burstein noted, "Our firm has become known for
our pioneering investments in high-profile companies like Facebook, Zappos,
Twitter, and Tumblr. We continue to invest in very visible private companies,
such as Alibaba.com, the leading e-commerce company in China. At the same
time, we’re investing in fast-growing leadership companies that are perhaps
not yet as visible, but also likely to lead paradigm shifts in their sectors –
companies such as Lookout, Good Technology, Chegg, Inspirato, Janrain, and
others."

Secondary Liquidity a Valuable Tool

Millennium sees continued active use of secondary liquidity bythe top private
companies. More than $17 billion was invested in venture-backed companies in a
secondary manner during 2011 and 2012. Observes Schwerin, “The top private
venture-backed companies view the secondary market as a valuable tool to
achieve fundamental management and shareholder objectives over time, which
include retaining key employees and sustaining rapid growth.” He added, “While
the IPO market may be open for some, many companies appreciate the benefits of
staying private longer, as they perfect their business strategies and grow.
Secondary is key to that process.”

About Millennium Technology Value Partners

Over the last decade, Millennium has been a pioneer, innovator, and leader in
developing institutional-quality alternative liquidity programs for companies
and shareholders in the venture capital ecosystem, partnering with the world’s
leading technology companies to design investment structures that foster
long-term growth. In addition to its leadership in secondary investing,
Millennium actively plays the role of “Lifecycle Capital Partner” to growing
companies, providing a flexible mix of capital solutions that help to drive
growth throughout a company’s entire lifecycle.

The firm has made investments into 67 leading technology companies, including
Facebook (FB), Tumblr (YHOO), Twitter, Zappos (AMZN), Tellme (MSFT), Epocrates
(ATHN), Chegg, Lookout, Good Technology, BeachMint, HauteLook (JWN), GreenDot
(GDOT), NetSpend (TSS), ETF Securities, Tremor, LegalZoom, Wayport (T), RigNet
(RNET), iPass (IPAS), Airvana (acquired), HootSuite, ArcSight (HPQ), ID
Analytics (LOCK), Datapipe (acquired), PlaySpan (V), Alibaba.com, and many
others. The firm's portfolio companies have achieved 31 IPO and M&A events
over the last 11 years.

Based in New York City, Millennium is led by its founding partners Sam
Schwerin and Dan Burstein. For more information, visit: www.MTVLP.com.

Contact:

Media:
Owen Blicksilver Public Relations
Jennifer Hurson, 845-507-0571
Jennifer@blicksilverpr.com
 
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