Our approach is to be the first institutional investor in a company and then to support its growth over its life through our operating experience, our financial resources and our deep network of relationships. At Dakota Capital we believe it is important to get engaged and take managed risks early in a company's life cycle, since these firms, with guidance, capital and nurturing today turn into the successful companies of tomorrow. In addition, there is an inefficiency still remaining in the venture market surrounding early stage investments that now only rarely exists in later stage investing. This market inefficiency affords a tangible advantage for venture firms seeking to generate superior returns by targeting early and seed investments.

Dakota Capital's Partners have a strong history of identifying high-potential entrepreneurs and new and innovative technologies, often long before these companies and ideas are even fully formed, and then getting engaged and beginning to work together and ultimately providing the first institutional money a new venture receives. We invest capital exclusively in emerging technology companies including networking, mobile and wireless communications, enabling technologies and Internet infrastructure. Over the life of a company we continue providing capital and introductions, which has previously resulted in subsequent investments by leading later-stage investors.

Dakota Partners work with entrepreneurs even before we make an investment in order to get a sense of the team, the technology and the market, as well as to assess our ability to work together to create a promising venture. From the outset, the team at Dakota engages directly with entrepreneurs to push on the technology vision and to ensure that the efforts of everyone involved are channeled in the right direction, targeting large and growing markets. Accordingly, our partners have had numerous experiences of working with portfolio companies that initially start out with one idea and then subsequently, with our direction and guidance, shift and align their energies to address significant markets where they can deliver truly disruptive technologies and potentially achieve substantial realizations.

At Dakota our ability to help our portfolio companies focus on the right technologies, applied to the right markets at the right time is a fundamental component of our overall value add and is fairly unique among firms in the venture world. We devote tremendous time and resources to helping our portfolio companies and we realize that if our companies are successful, then ultimately our fund will be successful.