AUSTIN, TX--(Marketwire - May 17, 2010) -  Austin Ventures ("AV"), a venture capital and growth equity firm, today announced the addition of venture partner, Adam Dell. Dell has been a successful entrepreneur, academician, and has more than 12 years of experience in the venture capital industry. Dell will focus purely on early-stage venture investments in the information technology and business services areas.

"I have known the team at Austin Ventures for years. They have a stellar track record and a commitment to excellence. It's a pleasure to join such a well-respected firm," said Adam Dell.

Most recently, Adam was Founder and Managing General Partner of Impact Venture Partners, a venture capital firm focused on information technology investments. Prior to founding Impact, Mr. Dell was a partner with Crosspoint Venture Partners in Northern California, and a senior associate with Enterprise Partners in Southern California. Prior to becoming a venture capitalist, Mr. Dell worked as a corporate attorney in Austin, Texas, with the law firm of Winstead, Sechrest & Minick.

Mr. Dell's prior investments include OpenTable (NASDAQ: OPEN), Buzzsaw (NASDAQ: ADSK), and Hotjobs (NASDAQ: YHOO). Mr. Dell founded and served as chairman of the board of MessageOne, which was acquired by Dell, Inc. in 2008.

"We are excited to bring Adam's experience and perspective to our initiatives," said Chris Pacitti, General Partner, AV. "His depth of experience and contacts make him a great addition to our team."

Mr. Dell teaches a course at the Columbia Business School on business, technology, and innovation and is a visiting professor at the University of Texas School of Law where he teaches a class on the role of law in innovation. Mr. Dell is also on the Board of Trustees of the Santa Fe Institute.

He received a B.A. in political economy from Tulane University and a law degree from the University of Texas School of Law.

About Austin Ventures
Austin Ventures ("AV") has worked with talented entrepreneurs to build valuable companies for nearly twenty-five years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With an investment focus on Internet and information services, software, new media, business services and supply chain, and financial services, AV invests at all stages of company development, from $100,000 in "planned experiments" in early-stage ideas to $100+ million investments in expansion rounds, minority recapitalizations, and buyouts of lower middle market growth companies. AV's strategy is to partner with talented executives and entrepreneurs through its CEO-in-Residence and Entrepreneur-in-Residence programs. Visit austinventures.com for more information.

Contact Information:

For more information contact:

Kim Hughes
Austin Ventures

512.657.7222