DCM: The Successful Entrepreneur’s Choice.
Foundry Networks (Nasdaq: FDRY)
San Jose, CA
“Dixon has been an investor, confidant and friend over the years at N.E.T., Centillion and now Foundry. I welcome and enjoy his participation at all levels. I can highly recommend him to any entrepreneur.”
- Bobby Johnson, President & CEO, Foundry Networks
Foundry Networks®, Inc. (Nasdaq: FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and application traffic management solutions. It includes edge and backbone Ethernet switches, Web and content-aware application switches, network-wide security solutions, wireless LAN and access points, wide area access routers and internet provider edge and service provider core MPLS routers. Foundry’s customers include the world’s premier ISPs, Metro service providers and enterprises including e-commerce sites, as well as universities, entertainment, healthcare, government, financial, manufacturing companies, technology and high-performance computing (HPC) sites.
Dixon Doll first met Bobby Johnson in the late 1980s when Bobby served as a senior executive at Network Equipment Technologies (NYSE:NWK, “NET”) where Dixon served on the Board of Directors. It marked the beginning of a successful 20-plus year relationship that would subsequently lead to the creation of two more venture-backed successes in the 1990s-Centillion Networks and later Foundry Networks.
When launching Centillion and Foundry Networks, Dixon provided needed support and coaching to Bobby throughout the start-up phase. In early 1996, when Bobby launched Foundry Networks, Dixon (at that time an independent investor) was invited to invest in the Series A round. There was immense pressure from many other top-tier firms with whom Bobby had worked in the past, but he turned most of them away in favor of the few investors who he felt would most likely add the kind of company building value that he needed. Then in 1996, when DCM I was launched, the firm was given the opportunity to invest in the Foundry Series B round as well as in subsequent rounds. Foundry went public in September, 1999 and recorded one of the largest single opening day percentage gains of any IPO in history. Foundry subsequently weathered the networking industry downturn, maintaining profitability throughout and today has a market capitalization of approximately $2 billion.