The company’s initial funding was led by The Washington Post Company and NewSchools Venture Fund, along with angel investors including Allen & Company’s Nancy Peretsman and Silicon Valley entrepreneur Judith Estrin.
Estrin is a technology entrepreneur who co-founded seven companies with Bill Carrico and was the CTO of Cisco Systems from 1998 to 2000.
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After Stanford she worked at Zilog Corporation, where she contributed to the design of the Z8 and Z8000 microprocessors and led the team that developed one of the first commercial local area network systems called Z-net.
Judith Estrin and William Carrico joined the company about 6 months after its founding as its new CEO and executive vice president, and led the company through its IPO in 1992.
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