Silicon Valley venture capitalist named to RealNetworks' board |
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Silicon Valley venture capitalist named to RealNetworks' board
Janice Roberts
The transformation at RealNetworks continues, with the Seattle company announcing today that a Silicon Valley venture capitalist has been appointed to the board of directors. Janice Roberts, a managing director at the Mayfield Fund, a 41-year-old firm with more than $2.8 billion under management, will become the ninth board member at the company.
Roberts previously worked at computer networking giant 3Com, heading up the firm's investment arm. It's a bit unusual to see a venture capitalist join the board of a publicly-traded company, since many VCs reserve those slots for emerging companies in their portfolios. But Roberts said that she's pleased to be joining Real at "this very important time in the company's transformation."
"My corporate and venture capital background should provide useful perspectives as the company considers its strategic alignment in industries where I have spent much of my professional life," she said. At Mayfield, Roberts invests in networking components and systems, mobile communications and consumer-oriented companies.
Could that signal a new push for RealNetworks? Or, possibly, some M&A opportunities in existing segments like mobile?
Kalpana Raina, a director at RealNetworks, hinted at that in today's press release. "As RealNetworks is focusing its strategic transformation on the delivery of mobile media applications and services, her industry background and current focus on mobile, wireless and networking companies will provide us with valuable technical and business perspective for our growth initiatives," said Raina.
Previously on TechFlash: "OK, RealNetworks, so what now? Slimmer company places its bets"
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