Venio Capital Partners Commits $4M to Bigfoot Networks

Venio Captial Partners, LLC commits $4M finance package to Austin, Texas based Bigfoot Networks Inc., one of the first ever gaming network hardware companies, focusing on the large and growing on-line video gaming market.

AUSTIN, Texas – April 10, 2006 – Venio Capital Partner, LLC today announced a $4M multi-tranche investment in Bigfoot Networks, which will sell hardware and software products designed to reduce LAG and Latency in online games.

The Austin, Texas based startup company (www.bigfootnetworks.com) was founded in 2004 by CEO Harlan Beveley, to eliminate the critical problem of LAG in online video games. Beverly, an avid, hard core video gamer and former Intel Architect, effectively created a patent pending solution that will lead the company and industry through revolutionary change. End gamers will demand the performance and LAG free experience that will characterize hit games of tomorrow.

"Bigfoot Networks products will infuse online gaming with blazing speed, and consequently make them a lot more fun," says Harlan Beverly, Inventor, Co-Founder, and CEO of the company. "We are to online games what 3d video cards are to graphics: essential. Eventually, we plan to completely eliminate the dreaded Lag monster altogether."

Bigfoot Networks represents the ideal early stage company who are trapped between the funding constraints of angels and VCs. Venio provided the funding, structure, and experience to rise above the alternative funding sources that Bigfoot was entertaining post winning both the MOOT Corp and Fortune small business plan competitions.

"Venio is very well aligned to companies like mine, looking for high value alternatives to traditional early stage capital sources " Harlan said of the process leading up to the investment. Venio has a great understanding of the technology entrepreneur and of what it takes to build value in a technology company."

“Venio Capital Partners is very excited about this latest investment given its unique fit with our focus on both technology and entertainment investments. Bigfoot Networks is creatively addressing the number one problem of LAG in this very large and growing Online Gaming market.” says Brian Grigsby at Venio Capital Partners.

Bigfoot’s LAG solution addresses a significant pain point for the estimated 200M user online gamer community. “While Bigfoot is providing a much needed technology solution to online gamers, it has very much focused on the business value of eliminating LAG which accounts for significant lost revenue for gaming companies.” Mr. Grigsby adds.

Venio Capital Partners
Venio Capital Partners is an innovative early stage technology and entertainment venture fund that offers differentiated value to both entrepreneurs and its investor partners. For entrepreneurs, Venio offers the ‘best of both worlds’ between traditional angel investments and venture capital. Venio offers the operating experience, patience, and ease of doing business with angels while providing the due diligence, extensive network, and capital resources of venture capital firms.

For its investor partners, Venio offers an alternative to venture capital models by involving its capital partners in the investment process. Venio ‘Virtual’ Fund model allows its investment partners the discretionary control to manage their investment decisions and capital liquidity over the life of the fund Venio Capital Partners has been using this model very successfully for the past several years and is currently making investments as part of VCP Virtual Fund II.

For additional information on Venio Capital Partners, visit www.veniocp.com. For additional information on Bigfoot Networks, contact Harlan Beverley, Bigfoot Networks, Inc. CEO, at harlan@bigfootnetworks.com.