8 trillion in revenues, almost
10% of US GDP on less than 2% of invested capital during the period, according
to a 2003 study by the econometrics firm Global Insight. Grady asserted that the
availability of risk capital has been one of the key drivers of US economic
outperformance over the last twenty years. Chimerix was chosen as one of the top emerging biotechnology
companies for the company's vision, management expertise, and overall
potential to change the way disease is treated. Please contact Sean Raman at 650.428.

Business Editors

MENLO PARK, Calif.-- --BlueRun
Ventures (www. "I am pleased to contribute
my skills and leadership to our portfolio companies.

entrepreneurism capitalists

C.

evca globally

The NVCA
represents the public policy interests of the venture capital community,
strives to maintain high professional standards, provides reliable industry
data, sponsors professional development , and facilitates interaction among its
members. Companies like Google and eBay were spotted in their early
days by Red Herring editors as those that would change the way we live and
work.

About Chimerix
Chimerix Inc. Readers turn to Red Herring for knowledge to make strategic
decisions, build companies and create a competitive advantage for their
businesses.

facilitates entrepreneurism

William Stieger of
Wisconsin was signed into law in 1978.8 trillion in revenue in the United States in 2003. For more information, visit www.

ced incubators

Grady also pointed out that US startups play a vital and growing role
in fostering innovation in the United States.7% in 2003," he noted. Grady also called for a
greater simplicity in the tax code, as he pointed out that complex provisions
distort capital flows, and that most entrepreneurial companies have modest
finance departments. Red Herring articles, blogs , research and event information can
be found online at http://www.

ced venture

The field hearing, which was held at the Fort Mason Center in San
Francisco, was the sixth meeting of the President's Advisory Panel on Federal
Tax Reform and was chaired by former United States Senators Connie Mack and
John Breaux. The companies on this list are proof," said
Red Herring editor-in-chief Joel Dreyfuss. is a privately held biotechnology company creating and
developing orally available medicines from bioactive molecules. Themed 'The Dynamics of Disruptions',
Red Herring Spring 2005 will bring together executives from mostly private
companies. Red Herring covers technology, innovation,
financial strategies , important personalities and trends that are transforming
the world of business with unique insight , opinion and forward-looking
analysis. "Having established itself as the premiere
venture capital fund for the best in IT, mobile and consumer
technology markets, BlueRun Ventures shares my passion and
determination for entrepreneurship to positively impact and shape the
global market," said Vasudev Bhandarkar.

enhances identifing

Grady asserted that the US venture capital industry,
which today manages 72% of the venture capital in the world, expanded greatly
after the capital gains tax cut proposed by the late Rep. NVCA's mission is to foster a
greater understanding of the importance of venture capital to the U. According to a
2004 Global Insight study, venture-backed companies accounted for 10.

identifies equity

"
Mr.S. BlueRun Ventures' proven approach is to invest
globally as a single fund in best of breed technologies and teams with
the drive and ability to build leading global companies .

ced identifing

"
Red Herring's lists of private companies are an important part of the
magazine's tradition of identifying new and innovative technology companies
and entrepreneurs. Red Herring Spring will take place May 17-19 at the Monterey
Plaza Hotel in Monterey, California.

About Red Herring
Red Herring is the weekly magazine technology entrepreneurs, investors and
industry observers read to stay ahead of the curve and to be better informed
about the global marketplace.

evca venture

, an emerging biotechnology
company developing orally available antiviral therapeutics, today announced
that it has been named one of the Red Herring 100 Private Companies of North
America.
Red Herring 's editorial staff rigorously evaluated more than 900 private
companies through a careful analysis of financial data and subjective
criteria, including quality of management, execution of strategy , and
dedication to research and development.2900
or email sraman@redherring.

penetrate enhances

Robert Grady Of The Carlyle Group and NVCA Board Member Offers Tax Reform Testimony On Behalf Of Entrepreneurs

Mr.org. Award Recognizes Chimerix As a Top Company in North America That Drives the
Technology Industry's Future

SAN DIEGO, Chimerix Inc. Application
of Chimerix 's proprietary technology enhances oral availability, stabilizes
drug in plasma, and facilitates the delivery of drugs into targeted tissues.
Known drugs can be modified to improve dosing parameters , broaden therapeutic
applications and decrease the risk of adverse reactions.com.

entrepreneurism incubation

Grady, whose
firm has invested in dozens of emerging growth companies in the United States
and around the world, provided an overview of the impact of venture investment
on the US economy as well as recommendations for a tax policy that would favor
entrepreneurs and young, job-creating companies.
Grady.
"Five years after the dot-com bubble burst, innovation and
entrepreneurship are thriving., president and CEO of
Chimerix, Inc. Chimerix was founded in 2002 and is headquartered in
San Diego, CA , with offices in Research Triangle Park, NC.
Bhandarkar is also actively involved with early-stage incubators in
India such as IITBombay's SINE (Society for Innovation and
Entrepreneurship), and is a charter member of TiE -- The Indus
Entrepreneurs organization which is a global organization with over 40
chapters and 10,000 members. Over the seven-year history
of the firm, BlueRun Ventures has built a global platform, with
offices throughout North America, European Union, and Asia, that has
enabled successful global market leaders to emerge. As an early stage
fund, BlueRun Ventures will invest mostly in Series A and B, with
initial investment ranging from $2 to $8 million.

About BlueRun Ventures

Launched in 1998, BlueRun Ventures is a leading early stage
venture capital fund.

incubators identifies

"According to National Science Foundation statistics, the share of US
research and development performed by companies with less than 500 employees
has grown from 5. Grady's testimony , please contact
Emily Mendell at emendell@nvca.

Chimerix Named a Red Herring Top 100 Private Company

entrepreneurs evca

Mr.

entrepreneurs philanthropic

Grady on the panel was Paul
Otellini President and Chief Operating Officer of Intel Corporation , who is
scheduled to become CEO of Intel upon the retirement of current CEO Craig
Barrett later this year.

entrepreneurial entrepreneurs

com), a global venture capital fund focused on early
stage companies in the IT, mobile , and consumer electronics markets,
today announced that it has named Vasudev "Vas" Bhandarkar as a
Venture Partner. BlueRun
Ventures is headquartered in Menlo Park, California, with offices in
Helsinki, Herzelia (Israel), London, New Delhi, Seoul, Shanghai,
Tokyo, and Washington, D.

entrepreneurs entrepreneurship

Mr . Mr.nvca.
"The broad application of our proprietary technology allows the company to
quickly develop critical drug candidates for a variety of viral diseases, the
most advanced of which is CMX001 , our lead antiviral agent for treatment of
smallpox infection," said George Painter, Ph.

brv.

virtually entrepreneurship

"Higher rates translate into lower company valuations and ultimately to
less company and job creation. These companies
traditionally have outperformed the rest of the economy in sales, job and wage
growth. For a copy of Mr.redherring.

marketeers entrepreneurism

SAN FRANCISCO, Robert Grady, Managing Director of
The Carlyle Group and incoming chairman elect of the National Venture Capital
Association, testified today before the President's Advisory Panel on Tax
Reform on behalf of the country's entrepreneurial community.

About the NVCA
The National Venture Capital Association (NVCA) represents approximately
460 venture capital and private equity firms.org . Red Herring 100 companies will be
presenting their business model and strategy at the Red Herring Spring
conference. Chimerix is applying
its technology towards discovery and development of oral drugs for the
treatment of smallpox, cytomegalovirus infection, drug-resistant HIV infection
and viral hepatitis.com if you would like to request an invitation to
Red Herring Spring.brv.

entrepreneurism virtually

Tax policies friendly to the entrepreneurial sector include those that
encourage capital formation, including making permanent the capital gains tax
rate of 15 percent. Mr. "Chimerix is honored to be chosen from among so many
outstanding private companies in the technology industry, and to be recognized
for the company 's experienced team of professionals and corporate vision. With over 22 years of experience in marketing ,
business development, sales, product development and general
management, Bhandarkar will bring to bear his operational expertise to
BlueRun Ventures' hands-on development of early stage technology
companies.
BlueRun Ventures' proven approach is to invest globally as a
single fund in best of breed technologies and teams with the drive and
ability to build leading global companies.

ced incubators

The day focused on how the tax system influences economic growth
and international competitiveness. Joining Mr. For more information about the NVCA, please visit
http://www.

BlueRun Ventures Strengthens Executive Team: Welcomes Vasudev Bhandarkar as a Venture Partner

incubators incubation

1 million jobs and $1. In that
time , he has helped raise over $100 million for his companies and
helped build two successful off-shore development facilities in India.

incubation venture

"While corporate tax rates have been largely left out of the reform debate
thus far, emerging growth companies, which are often valued on after tax net
income , are a key contributor to economic growth and job creation," said Mr.
economy, and support entrepreneurial activity and innovation.1 million
jobs and $1.

About Red Herring Spring
Red Herring Spring is an invitation-only event for CEOs, select senior
executives, and Venture Capitalists. These executives will be joined by senior executives from public
companies and Venture Capitalists ."
As a venture partner, Bhandarkar will bring his broad experience
in marketing, sales and business strategy globally to the early-stage
IT, consumer Internet and wireless companies that BlueRun Ventures
adds to its portfolio.com

This category is for nonprofit, educational and trade associations that inform, enable and support the development and maintenance of the Venture Capital Industry.

amongst philanthropic

A simple corporate tax code characterized by
lower rates will attract companies, capital and people to the United States. Grady pointed out that companies backed by venture capital since 1970
are responsible for 10.9% in 1984 to 20.
"Vas' extensive experience augmenting early-stage companies
compliments the goals of BlueRun Ventures as the capital fund that
builds emerging market leaders," said John Malloy, Managing Partner of
BlueRun Ventures. "We are delighted to add Vas' market knowledge,
insight in technology and passion to build great companies to our
global team."
Over a 12 year period , Bhandarkar founded or was an early employee
of four companies of which two went public and two were sold.

facilitates identifing

D. Bhandarkar holds an MS Degree in Physics
from IIT Bombay, MS in Computer Science from Colorado State
University.

sdforum identifies

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