Bandel L. Carano, Managing Partner, joined Oak Investment Partners in 1985 and became a General Partner in 1987. His investment focus is on Information Technology and Clean Energy. He has served as a member of our board of directors since March 2004. Mr. Carano is currently on the Boards of Airspan Networks, Centric Software, Kratos Defense & Security Solutions, MobiTV, Mojix, NeoPhotonics, NextNav, nLight, SmartDrive, and Solarflare Communications. He has also led investments in and/or served on the Boards of 2Wire, Avici, CoreTek, Endwave, Fiber Tower, Good Technology, Netopia, Phononic Devices, Picture Tel, Polycom, Presidio, Protean Electric, Qtera, Sentient Networks, Tegic, Trapeze Networks, Wellfleet, Entropic, Illustra/Informix, Sybase, Tele Atlas, Actel, Airgo Networks, CommQuest, Kenet, Level 5, NanoH2O, NemeriX, Newport Media, Resonext, SMIC, Synaptics, Virata, Interconnectix, Parametric, Synopsys, Tensilica, Wavestream, and Zayo. Prior to Oak, Mr. Carano joined Morgan Stanley's Venture Capital Group in 1983. He was responsible for advising Morgan Stanley on high-tech new business development, as well as sponsoring venture investments. Mr. Carano holds a Bachelor of Science degree and a Master of Science degree in Electrical Engineering from Stanford University. He currently serves on the Investment Advisory Board of the Stanford Engineering Venture Fund.