BOSTON, MA--(Marketwired - Jul 30, 2013) - .406 Ventures, a Boston-based venture capital firm investing in early-stage breakthrough Enterprise IT companies, announced today that Greg Dracon has been promoted to Partner. Greg joined .406 as a Principal in 2007.
Liam Donohue, Partner at .406 Ventures, commented, "Maria, Larry and I were extremely fortunate to recruit Greg as a Principal back in 2007 and, based on his significant contributions to the growth and success of .406 Ventures over the past six years, we're proud to recognize him as our Partner. Most importantly, Greg embodies the .406 brand, bringing together strong entrepreneurial DNA and seasoned investing experience. We look forward to his continuing contributions for years to come."
"Working with brilliant entrepreneurs on a daily basis to solve the most acute and anticipated enterprise challenges is an incredible privilege," said Greg Dracon, "and the opportunities for technology to improve the way businesses operate are increasing at unprecedented levels. .406 Ventures' focus on Enterprise IT technologies and the firm's commitment to early stage investing make .406 an ideal home for me. I'm extremely excited to be a part of this team."
Greg has been actively involved with several current and past .406 portfolio companies, including CloudHealth, EnergyHub (acquired by Alarm.com), Kaltura, Mashery (acquired by Intel) and Vaultive. He currently represents .406 on the boards of Ambient Devices and MineralTree and, until its recent acquisition by Healthsense, Greg served on the board of WellAware Systems. Greg also serves on the Board of Directors for the Advanced Cyber Security Center, a non-profit consortium comprising industry, academic and government leaders establishing New England as a center of excellence for cybersecurity thought leadership.
Prior to .406, Greg was a Vice President at the venture capital firm, Core Capital Partners, and, previously, spent over eleven years in a variety of operating and management roles within the technology industry.
Greg received his MBA from The Wharton School of the University of Pennsylvania and his BS in Electrical Engineering from The Pennsylvania State University. Greg resides in Needham, Massachusetts along with his wife and daughter.
About .406 Ventures
.406 Ventures is an early-stage venture capital firm that invests in innovative Information Technology ("IT") companies founded by the finest entrepreneurs. .406 Ventures was founded in 2005 by Maria Cirino, Larry Begley and Liam Donohue. The .406 team comprises industry entrepreneurs, operators and investors who apply real world experience, deep industry knowledge and networks, and strong company-building skills to create value for its entrepreneurs and investing partners. The firm is often the lead, first institutional investor in market-changing Enterprise IT companies led by visionary entrepreneurs and strong teams who move quickly and embody successful entrepreneurial DNA with their passion, creativity and endurance. http://www.406ventures.com