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Technology venture capital firm Jafco appoints two general partners from Carlyle

Technology venture capital firm Jafco Ventures has announced that Nick Sturiale and Jeb Miller have joined the firm as general partners.

Technology venture capital firm Jafco Ventures has announced that Nick Sturiale and Jeb Miller have joined the firm as general partners.

Sturiale (pictured) has 21 years of venture capital and operating experience, most recently as a managing director at the Carlyle Group, whose Silicon Valley office he co-managed. Prior to that he was a general partner at Sevin Rosen Funds for nearly ten years as an active early-stage investor in open source, software as a service, consumer web-based services, IT infrastructure and security companies.

Sturiale led Sevin Rosen’s early investments in XenSource (acquired by Citrix for USD500m) and remains a director of Splunk, Solidcore and YouSendit. Prior to Sevin Rosen, he spent 12 years as an entrepreneur at three venture-backed start-ups, including Timbre Technology, which he co-founded and sold for USD138m to Tokyo Electron.

Miller brings to Jafco 15 years of experience working with early-stage companies as a venture capitalist, operating executive and investment banker. He is a seasoned venture investor with deep domain experience in software, web-based services and IT infrastructure.

Miller was also most recently with the Carlyle Group and spent six years with early-stage venture capital firms ComVentures and Worldview Technology Partners. Prior to that he was an operating executive at Scient, an internet consulting firm, and began his career as an investment banker with Morgan Stanley’s technology group in their New York, Boston and Menlo Park offices.

‘Nick and Jeb have been our top two picks to join our team for quite some time,’ says Jafco general partner Joe Horowitz. ‘They are both highly experienced professionals, share our sense of values and are greatly respected by entrepreneurs and venture capitalists alike. With these additions to our firm we have now achieved our goal of building a complete team, and it comes at a time when we believe that discriminating investors will do well, especially if they bring more than just money to the table.’

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