David Blumenstein, Member of the Advisory Board

Mr. Blumenstein, www.david.com, is a technology strategist with a diverse range of experience designing and implementing interactive platforms. Blumenstein is the former Chief Technology Officer of Euro RSCG MVBMS, one of the world's five largest global advertising agencies, where he was responsible for the company's complete IT infrastructure, planning, and development. He is a noted speaker at Macworld conferences focusing on enterprise digital workflow, resource management and creative software solutions and is a recognized authority on the implementation, security and design of enterprise network content delivery systems.

Blumenstein was the first Technology Director of Ogilvy & Mather's Interactive Group, where he led planning and management of their global systems and web applications. In addition, he founded Tekworks, a talent management and recruitment firm.

Currently, Blumenstein leads business development at Gigapixel Creative, a leading interactive design agency, and is involved with the Hatchery, a New York based technology business incubator.

Blumenstein started his career as a Systems Analyst for the investment bank and trading floor at Salomon Brothers and holds a Bachelor's degree in Political Science and Communications from Queens College.

Steven Drobny, Member of the Advisory Board

Mr. Drobny is the author of the critically acclaimed book about global macro hedge funds INSIDE THE HOUSE OF MONEY: Top Hedge Fund Traders on Profiting in the Global Markets (Wiley). Drobny's book offers a collection of in-depth interviews with a variety of money managers, each with a unique perspective and approach to global markets, and was among the Amazon.com Top 10 Finance & Investing books of 2006.

Drobny is also co-founder and partner of Drobny Global Advisors, a membership organization that offers independent, opinionated and aggressive economic research and strategy to an exclusive group of global market participants. The DGA group is an interactive network that includes global macro hedge funds, proprietary traders, asset managers and investors from all over the world.

Before partnering with his namesake in 2000, Drobny worked for Deutsche Bank in various roles, most recently at the Hedge Fund Group in London. While at DB, Drobny also worked in the derivatives and trading groups in London, Zurich and Singapore. Prior to Deutsche Bank, Drobny was with AIG Trading in their Metals & Energy Trading Groups.

Drobny holds a Master's degree from the London School of Economics and a Bachelor's degree from Bucknell University.

Thomas Gump, Member of the Advisory Board

Mr. Gump is a partner at Pillsbury Winthrop Shaw Pittman, LLP, where he regularly represents leading domestic and international financial institutions as well as borrowers in secured and unsecured commercial loans, leveraged and unleveraged equipment leases, structured finance transactions, venture debt facilities, project finance matters, leveraged buyouts, mezzanine loans, syndicated loan facilities, trade finance facilities, and other matters governed by the Uniform Commercial Code, in transactions valued at between $5 million to $800 million. In the area of real estate finance, Gump represents commercial lenders, pension funds and real estate developers in real property secured loan transactions, including mezzanine, construction and conduit loans.

With respect to equity finance, Gump retains extensive experience in representing issuers and institutional and corporate venture capital funds in private placements of securities, with special emphasis on the semiconductor and financial services industries – as well as private resales of restricted stock, mergers, stock and asset purchases, joint ventures and other strategic business arrangements.

Before joining the firm in 1999, Gump was a member of the corporate finance group at Siemens, A.G. headquarters in Munich, Germany, where his work focused on the business aspects of raising debt and equity financing for new telecommunications ventures in Eastern Europe, Central Asia and the Far East. Gump is a member of the District of Columbia Bar and the California State Bar.

He holds the degree of Juris Doctor from the University of Michigan Law School and a B.A. from Georgetown University, Magna Cum Laude, Phi Beta Kappa.

Robert Lessin, Member of the Advisory Board

Mr. Lessin is a Vice Chairman of the investment bank Jefferies & Company. He is also a founding member and Chairman of Dawntreader Ventures. In addition to his duties at Dawntreader, he was Chairman and co-CEO of Wit Capital from 1998 until 2001. (Wit Capital merged with SoundView Technology Group, which was acquired by The Charles Schwab Corporation, with the resulting entity, Schwab SoundView Capital Markets, subsequently sold to UBS).

From 1996 to 1998 Lessin was known as one of the leading angel investors on the East Coast. He was a seed investor in over 50 companies including Overture (sold to Yahoo, Nasdaq: OVER), Register.com (Nasdaq: RCOM), and VerticalNet (Nasdaq: VERT).

Prior to co-founding Dawntreader Ventures, Lessin was Vice Chairman, member of the executive committee and Head of Investment Banking at Smith Barney from 1993 to 1997. Under his leadership, Smith Barney's investment banking revenues grew 500% and the firm's profitability improved nearly 800%. Prior to that, Lessin served at Morgan Stanley as Vice-Chairman of the Investment Banking Operating Committee in 1990, and Chairman of the Investment Bank's Strategy Committee in 1993.

Lessin graduated magna cum laude from Harvard College and holds an MBA from Harvard Business School.

Erez Lorber, Member of the Advisory Board

Mr. Lorber is an Executive Vice President at The Challenge Funds and a member of the fund's investment committee. With over $200 million under management, 77 portfolio companies and 23 successful exits (including nine IPO's and four successful M&A's), The Challenge Funds are among the leading private equity funds dedicated to investments in Israel-related ventures.

Lorber is a highly accomplished executive with over 15 years of domestic and international experience in operations, P&L management, multi-channel and direct product distribution, strategic positioning, technology development, and strategic planning with both private and public organizations.

Prior to joining the Funds, Lorber served as CEO & Director of BackWeb Technologies (NASD: BWEB). In his tenure at BackWeb, Lorber also served as Head of International Sales, Business Development, and Marketing. Before this, Lorber served as President and CEO of HERMES Softlab USA, Inc., a leader in software development solutions for the high-tech industry. Lorber was previously the Founder and CEO of Deloitte & Touche Information Technology Israel.

Lorber is also the co-owner and Chairman of the Board of Madei Taas Industrial Controls Ltd., a leading Instrumentation & Control firm specializing in the delivery of advanced monitoring and control solutions. Lorber is a member of the Board of Directors of CopperGate, Avantry, Flash Networks and Telrad Connegy.

He holds an MBA from the Reccanati School of Business Administration, Tel Aviv University, and a Bachelor's degree (with high honors) from Temple University.

Joseph Nicholas, Member of the Advisory Board

Mr. Nicholas is a leading authority on hedge funds and alternative investment strategies. He is Founder and Chairman of Hedge Fund Research, LLC (HFR), a $5 billion SEC registered investment advisor specializing in structuring and managing fund of funds and multiple manager portfolios, and Hedge Fund Research, Inc., a leading supplier of data on hedge funds, including the HFR Databases, the industry's largest and most comprehensive hedge fund databases.

Nicholas also co-founded the Zurich HFR Index Funds, the first strategy pure, daily priced, fully transparent, investable market neutral and hedge fund strategy indices.

He is author of Investing in Hedge Funds: Strategies for the New Marketplace (Bloomberg Press), Hedge Fund of Funds Investing, Market Neutral Investing, and Investing in Hedge Funds. Nicholas is a frequent lecturer on topics relating to alternative investments, and has appeared on CNN and Nightly Business Report.

He received a Bachelor's degree in Commerce from DePaul University and the degree of Juris Doctor from Northwestern School of Law.

Michel Safars, Member of the Advisory Board

Mr. Safars is currently Chief Operating Officer of INRIA-Transfert (a subsidiary of the French National Institute for Research in Computer Science and Automatics) where he is in charge of selecting new French high-tech businesses for Executive coaching. He is co-Director of the MBA Entrepreneurship track at HEC Paris, one of Europe's highest ranked business schools.

Safars began his career at Lidaray, a company specializing in cartography and upper atmosphere analysis, where he served as Technical Director and then Chief Technology Officer. In 1989 he started his own company, Mipsys, specializing in outsourcing services, software and hardware development.

Subsequently, Safars sold Mipsys to create KeeBoo Corporation, a U.S.- and France-based company that develops software for eCatalogs and eBooks.

Safars holds a degree in Computer Science and Industrial Electronics from the University of Orsay and a degree in Physics from the Paris-XI University.

David Selinger, Member of the Advisory Board

Mr. Selinger is the founder and CEO of Richrelevance, a venture backed company powering next-generation merchandising and personalized recommendations on eCommerce sites. He first garnered international recognition as an expert in the field of eCommerce data analytics and personalization with his groundbreaking work leading the research and development arm of Amazon's Data Mining and Personalization team. In that role, he increased Amazon's annual profit by over $50 million (25% of US profit, 2003) setting the industry standard for recommendation services.

Selinger has decades of experience, from developing the first Javascript-powered ad delivery system for Flycast – the same technology used by Google AdSense, DoubleClick and Overture – to leading Overstock's personalization efforts as Vice President of Software Development and Data Mining. He also co-founded Redfin, a venture backed, industry-leading real estate search/brokerage company.

Selinger holds a broad collection of awards and standing patents in customer segmentation, analytics and data mining, including over a dozen pioneered at Richrelevance. His accolades also include the coveted PC Magazine Editor's Choice Award (won for 2Roam Wireless, acquired by Air2Web).

Selinger received his BS in Computer Science from Stanford University.

Robert Semmens, Member of the Advisory Board

Mr. Semmens was a co-founder and Principal of the Beacon Group, a Private Equity and M&A Advisory firm formed in 1993. At Beacon, he raised and managed the $650 million Beacon Group Energy Investment Fund, L.P. and the $950 million Beacon Group Energy Investment Fund II, L.P. The Beacon Group Energy Investment Funds were private equity funds focused on making investments in the global energy business.

In addition, he also managed a hedge fund of funds invested in a variety of market neutral strategies. JP Morgan Chase acquired the Beacon Group in the summer of 2000 and until 2001 he was a consultant to JP Morgan Chase.

Prior to co-founding Beacon, Semmens was a Vice-President at Goldman, Sachs & Co. in the Investment Banking Division where he concentrated on corporate financings, mergers & acquisitions and private investments, all in the energy arena.

He also worked at J. Aron, the commodity and currency trading division of Goldman Sachs, in oil and gas derivatives.

Semmens has a B.A. from the University of Arizona in Economics, a Masters of Business Administration in Finance from the J.L. Kellogg Graduate School of Management at Northwestern University and a Juris Doctor from the Northwestern University School of Law.

Stephen Turner, Member of the Advisory Board

Mr. Turner is co-head of Capital IQ and Compustat for Standard & Poor's. He was co-CEO and a co-founder of Capital IQ prior to its sale to Standard & Poor's in 2004. Capital IQ and Compustat, and their 2,800 employees, provide high-impact information and workflow solutions to financial institutions, advisory firms, and corporations. Their solutions are based on a unique combination of global private and public capital market data and technology that enables end-users to draw deep market insights, generate better ideas, leverage relationships, and simplify workflow.

Prior to Capital IQ, Turner was an investment banker with Bear Stearns where he provided M&A, debt and equity banking services to private equity firms and their portfolio companies. Prior to Bear Stearns, Turner provided commercial banking services at GE Capital and Wells Fargo Bank.

Turner received a B.S. from the University of Vermont and an MBA from Duke University's Fuqua School of Business.