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BW2425 JUL 02,2001 9:21 PACIFIC 12:21 EASTERN

(BW)(NY-SILICON-ALLEY-ENT-CLUB) Jerry Colonna, Managing Partner of Flatiron Partners Named to Silicon Alley Entrepreneurs Club -SAEC- Board of Advisors

Business Editors

NEW YORK--(BUSINESS WIRE)--July 2, 2001--Silicon Alley Entrepreneurs Club (SAEC) today announced that Jerry Colonna, managing partner and co-founder of Flatiron Partners, has been named to its Advisory Board.
Colonna, the recipient of numerous awards, has been named to Upside Magazine's list of the 100 Most Influential People of the New Economy and Forbes ASAP's list of the best VCs in the country. Flatiron Partners is his second venture capital investment firm; Colonna was a founding partner of @Ventures. He currently serves on the boards of directors of AppGenesys Inc., Planet Out Partners Inc., Electron Economy Inc., and Standard Media Inc;, publishers of The Industry Standard magazine and the advisory board of The New York Times Digital.

"We are honored to have Jerry join our Advisory Board," said Gyan Parida, the founder, and president of SAEC. "SAEC is one of the biggest and the fastest growing philanthropic technology and media organizations in the world and we are very excited to have Jerry's counsel to help shape the future of SAEC."

"The growth and energy of SAEC endorses the strong need for this type of entrepreneurial networking group," observed Colonna. "I'm looking forward to helping SAEC deliver the types of services needed by the entrepreneurs and investor community, including its new business plan submission program and the politically incorrect speaking engagement the Straight-talk."

About Silicon Alley Entrepreneurs Club

Silicon Alley Entrepreneurs Club (SAEC) 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 3100 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 (not just talk) way to succeed and build the next Yahoo! or eBay. For more information visit http://www.SAEClub.com.

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Note to editors: All trademarks and registered trademarks contained herein remain the property of their respective companies. For photos of Jerry Colonna, please contact The Devon Group.

--30--ah/ny*

CONTACT: The Devon Group
Agency of Record for SAEC
Jeanne Achille, 732/542-2000, ext. 11
jeanne@devonpr.com

KEYWORD: NEW YORK
INDUSTRY KEYWORD: E-COMMERCE INTERNET MANAGEMENT CHANGES

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