Bigfoot Networks Receives $4 Million Investment from Venio Capital Partners

to Accelerate Online Games

AUSTIN, Texas - Feb. xx, 2006 - After winning numerous awards, including the 2005 Fortune Small Business Startup Competition and the prestigious 2005 Moot Corp. competition at the University of Texas, Bigfoot Networks, Inc. has achieved its biggest milestone yet: $4 Million in Series A financing from Venio Capital Partners.

Bigfoot Networks is an innovative start-up company with roots from the McCombs School of Business at the University of Texas at Austin. The company was formed by a team of Executive MBA students to improve the performance of online video games.

The company will bring to market the world’s first Gaming Network Accelerator card, which will allow online gamers to play their favorite games with less lag. Lag is the number one problem in online video games today, and Bigfoot Networks is the only company in the world whose sole mission is to fight lag.

"Bigfoot Networks products will infuse online gaming with blazing speed, making them a ton more fun," says Harlan Beverly, inventor, co-Founder, and CEO of the company. "We are to online games what 3D video cards are to graphics: essential. Eventually, we plan to completely eliminate the dreaded lag monster."

Bigfoot Networks was introduced to Venio Capital Partners through their membership to the Austin Technology Incubator. With the $4 million in funding from Venio, Bigfoot Networks hopes to bring its first product to market this summer. They plan to demonstrate beta versions of their product at several of the major trade shows in 2006, including the popular E3 (Electronics and Entertainment Exposition).

“Venio Capital Partners is very excited about this latest investment given its unique fit within our focus of both technology and entertainment investments. Bigfoot Networks is attacking the number one problem in the very large and growing online gaming market: Lag” said Brian Grigsby, managing partner at Venio Capital Partners. “While Bigfoot Networks is providing a much needed technology solution to online gamers, the makers of online games are experiencing financial losses due to lag as well. Bigfoot Networks has technology we believe can help solve both problems.”

BIGFOOT NETWORKS

Bigfoot Networks Inc. is an Austin-based private gaming hardware company dedicated to providing hardware products that reduce lag and latency in online games.

VENIO CAPITAL PARTNERS

Venio Capital Partners is an innovative early stage technology and entertainment venture fund that offers differentiated value to both entrepreneurs and its investor partners. For entrepreneurs, Venio offers the ‘best of both worlds’ between angel and venture capital investments. Venio offers the operating experience, patience, and ease of doing business of angels while providing the due diligence, extensive network, and capital resources of traditional venture capital firms.

For its investor partners, Venio offers an alternative to venture capital models by involving its capital partners in the investment process. Venio ‘Virtual’ Fund model allows its investment partners the discretionary control to manage their investment decisions and capital liquidity over the life of the fund Venio Capital Partners has been using this model very successfully for the past several years and is currently making investments as part of VCP Virtual Fund II.