BW2082 JAN 25,2002 6:00 PACIFIC 09:00 EASTERN

(BW)(NY-SILICON-ALLEY/YAGHMAIE) Babak Yaghmaie Joins Silicon Alley Entrepreneurs Club Board of Advisors

Business & High-Tech Editors

NEW YORK--(BUSINESS WIRE)--Jan. 25, 2002--

Leading Entrepreneurial Networking Group Welcomes Prominent Wilson Sonsini Goodrich & Rosati Partner to Board

Silicon Alley Entrepreneurs Club (SAEC) today announced that Mr. Babak (Bo) Yaghmaie, a partner at Wilson Sonsini Goodrich & Rosati, has joined its board of advisors.

Bo's practice includes the representation of private and publicly-held emerging growth high technology companies, leading investment banks and venture capital funds with focus on public offerings of equity and debt securities, private placements and venture financings, and mergers and acquisitions.

He was a presenter at SAEC's January 2002 "CEO Meet" where he spoke on "The Nuts and Bolts of Venture Terms: Insights into the Legal Structure and Terms that Venture Capitalists Require for their Investments." He has played an instrumental role in many of the leading technology transactions in New York's Silicon Alley, and regularly advises a variety of entrepreneurs and venture-backed companies in the technology market.

"We are very honored to have Bo join our board of advisors," said Gyan Parida, founder and president of SAEC. "His contributions to emerging companies are significant and we're pleased to have his counsel to support the growth of SAEC."

"I am very excited to work with SAEC in order to build a community in the New York metropolitan area that fosters entrepreneurship and allows for a dialogue between entrepreneurs and VCs," said Bo Yaghmaie.
Other SAEC Advisory board members include Lawrence E. Phillips, Managing Director, Primedia Ventures and Jerry Colonna, Managing Partner, Flatiron Partners.

About SAEC

Silicon Alley Entrepreneurs Club started as an online discussion forum and networking group for entrepreneurs in 1999. With a new vision, SAEC has grown from 200 in January 2001 to more than 3800 members of philanthropic technology and media professionals, making it the fastest growing and largest of its kind group in the country. The unique approach of SAEC is to provide everything FREE to its members and help the entrepreneurs of New York-tri state area in a tangible way to succeed and build the next Yahoo! or eBay. For more information visit http://www.SAEClub.com

--30--ck/ny*

CONTACT: The Devon Group for SAEC
Media:
Jeanne Achille, 732/542-2000 x11
jeanne@devonpr.com

KEYWORD: NEW YORK
INDUSTRY KEYWORD: INTERNET NETWORKING MANAGEMENT CHANGES
SOURCE: Silicon Alley Entrepreneurs Club

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