Abstract :
In June 2001 Pond Venture Partners invested in picoChip - an A round investment in conjunction with Atlas Ventures. The company then grew to 35 people by the end of the year on the back of that funding. Today picoChip has blue-chip customers including Intel, Nortel and Korea Telecom. Now that picoChip is more established. Pond is less involved in the day-to-day running of the company although it still has partners on the board. Pond´s approach to picoChip, in its early stages, was exceptionally hands on, which was what was needed at the time. A less hands-on approach is more usual.
