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Mr. Douglas is an experienced businessman and investor. He has been a Venture Partner at the Telecom Development Fund since 2005. From December 1999 to October 2003, he served as the Managing General Partner of Spectrum Equity Investors, L.P., a venture capital firm investing exclusively in the communications industry. Mr. Douglas was a co-founder of AT&T Ventures, the venture capital affiliate of AT&T Corporation, and has served as a General Partner since January 1993. From May 1989 to January 1993, he was a partner of New Enterprise Associates. Prior to this, he was an investment professional with Crosspoint Venture Partners and was a member of the technical staff at Bell Laboratories.

Mr. Douglas has been involved in financing many communications companies, including Juniper Networks, VeriSign, Covad Communications, Ascend Communications, Software.com, TUT Systems, and Netro. Neal holds a B.S. in Electrical Engineering from Cornell University, an M.S. from Stanford University, and an M.B.A. from the University of California at Los Angeles.