Chrysalis Ventures Names Greg Richey as Chief Operating Officer

LOUISVILLE, KY (December 17, 2008) Chrysalis Ventures today announced that Greg Richey, a former Chief Operating Officer/Chief Financial Officer and principal with Butler, Shine, Stern & Partners in San Francisco, has been named Chief Operating Officer. In this newly created role, Mr. Richey will be responsible for managing the growing firm’s day-to-day operations, including administration, finance, human resources, IT, and legal.

Mr. Richey has over 15 years of operations leadership and experience with rapidly growing companies. As COO/CFO of Butler, Shine, Stern & Partners, a leading independent advertising agency, he managed the daily operations while the company was growing 30% annually for over four years. Prior to that, as COO/CFO of SF Interactive, a venture-funded pioneer in digital advertising and media, Mr. Richey led the company through the dot.com boom and bust and successfully negotiated a sale of the company to Butler, Shine. He has worked with and for interactive media and ecommerce start-ups since 1993, before which he spent several years as a tax and corporate finance lawyer for O’Melveny & Myers, primarily handling mergers and acquisitions and LBOs. Mr. Richey has a BA from Yale University and a JD from the University of Virginia.

“Chrysalis is committed to building a strong management team that will position us for continued growth and success,” said David A. Jones, Jr., Chairman and Managing Director of Chrysalis. “Greg’s many years of experience with venture-funded, early and expansion stage companies gives him strong operating expertise and a deep understanding of the emerging growth environment. I am confident his leadership will help take Chrysalis to the next level.”

About Chrysalis Ventures
Founded in 1993, Chrysalis Ventures is the premier venture capital firm in Mid-America, managing one of the region’s largest funds for early-stage and growth investments. Chrysalis invests primarily in early-stage and expansion-stage companies in healthcare services and technology, media and communications, and emerging trends and technologies. Based in Louisville, Kentucky, Chrysalis has approximately $400 million under management and has made investments in over 55 companies. For more information, please visit www.chrysalisventures.com.