#1 bridal site - The Knot




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David Liu President, Chief Executive Officer

Sandra Stiles Chief Operating Officer and Assistant Secretary

Richard Szefc Chief Financial Officer, Treasurer and Secretary

Carley Roney Editor-in-Chief

David Liu Chairman of the Board

Sandra Stiles Director

Joseph Brehob Director

Randy Ronning Director

Ann Winblad Director

Chief Executive Officer David Liu co-founded The Knot, the leading wedding website and gift registry, in September 1996 with seed financing from AOL's Greenhouse. Less than one year after launching The Knot on America Online (keyword: knot), Liu and his team successfully launched www.theknot.com on the Web in July 1997.

During three short years, Liu was responsible for securing three rounds of funding with the likes of AOL, Hummer Winblad Venture Partners, and QVC, Inc., totaling more than $20 million. Liu has helped The Knot grow from six employees to more than 275 today. In early December 1999, The Knot completed its initial public offering.

Prior to founding The Knot, Liu built a nine-year career in digital production and management. In 1993, he founded RunTime Inc., a CD-ROM development firm that produced award-winning titles for clients including the Smithsonian Institute, Intel, and AT&T.

Before founding RunTime, Liu was the director of production at VideOvation, a subsidiary of Reader's Digest.

Liu received his B.F.A. in film and television from New York University.
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Sandra Stiles is the Chief Operating Officer of The Knot Inc., overseeing its sales and gift registry operations. She has served as a member of the Board of Directors of The Knot since May 1998. Stiles has been responsible for the development and expansion of The Knot Registry and for the integration of The Knot partnerships and acquisitions. In addition, she is responsible for ensuring that The Knot partnerships and acquisitions are integrated seamlessly into the company.

Stiles began her long and varied career in business and finance at the international auditing and consulting firm of Arthur Andersen & Co. From there, she went on to become the vice president, comptroller, and treasurer of the U.S. branch of Bertelsmann Inc., one of the world's largest media companies. At Bertelsmann, Stiles was instrumental in the acquisition of RCA Entertainment and Doubleday Books, and then served as the president of OmniCorp Holdings, Inc., the American arm of a private European investment company.

After her work at OmniCorp, she spent eight years at Random House, Inc., first as a vice president and corporate comptroller, then as senior vice president and director of operations for the Children's Book and Value Publishing divisions.

Stiles has served on the boards of Living Books, a division of Random House, Knowledge Adventure and Humongous Entertainment, and holds a B.S. in Accounting from New York University.
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Richard Szefc is Chief Financial Officer of The Knot and a member of the Board of Directors. Having joined the company in June 1999, Szefc is responsible for all financial aspects of The Knot. He has had a long and distinctive business career, which started at the international auditing and consulting firm of Arthur Andersen & Co., where he eventually served as a partner in the audit practice division. While there, he developed a long-range strategic plan for the worldwide Accounting and Audit Practice.

Szefc then spent eight years at Random House, the world's largest English-language general trade book publisher, as executive vice president and chief financial officer. While at Random House, he was responsible for managing a staff of more than 200 across several departments, including accounting, finance, budgeting and planning, and legal, and oversaw a budget of more than $20 million.

Szefc graduated from the University of Pennsylvania's Wharton School of Business.
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Carley Roney is Editor-in-Chief and Co-Founder of The Knot and author of The Knot Complete Guide to Weddings in the Real World (Broadway Books, 1999) and The Knot Ultimate Wedding Planner(Broadway Books, 2000). Since 1996, Roney has successfully established The Knot as a new brand of weddings, both on- and offline. As an expert on real-world weddings, Roney has spoken at many bridal and online industry events and is a frequent guest on both television and radio, offering the latest tips on everything from wedding fashions to dealing with in-laws.

Before co-founding The Knot, Roney was president of RunTime Inc., a CD-ROM development firm producing award-winning titles for clients including the Smithsonian Institution, Sotheby's, and Intel. Prior to that, she spent six years as creative director and editor for clients such as the National Museum of American History, The McGraw Hill Companies, Simon and Schuster, Prentice Hall and Worth Publishing.

Roney has been profiled as one of the top 34 women executives to watch in "The Women of Silicon Alley" by Alley Cat News Magazine and has been featured in publications such as Business Week, Time Out New York, Vogue, Cosmopolitan, and Entrepreneur. She has also appeared on ABC-TV's The View, E! Entertainment Television, CBS Evening News, Fox News Channel, and The Newshour with Jim Lehrer. Most recently, Roney offered her modern-day wedding planning expertise to thousands of TODAY show viewers on a 12-week wedding planning series called "TODAY Ties the Knot."

Roney has an M.A. in Cultural Studies from New York University and a B.F.A from New York University's Tisch School of the Arts, Institute of Film and Television.
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Joseph Brehob (34) has served as one of The Knot's directors since April 2002. Mr. Brehob has been the Vice President of Internet Marketing of The May Department Stores Company since January 2001. From November 1997 until January 2001, Mr. Brehob served as a Divisional Vice President of The May Merchandising Division. Prior to November 1997, he held various management and other positions with May. He has been employed by May since 1991. Mr. Brehob received a B.S. in Business from the Indiana University.
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Randy Ronning has served as one of the directors of The Knot since June 2001. Since January 2001, Ronning has been the Executive Vice President of Affiliate Relations, iQVC, and New Business Development at QVC. Ronning is responsible for overseeing QVC's New Business Development department and subsidiaries that include iQVC, Q Direct, QVC Publishing, and Affiliate Sales & Marketing.

Prior to joining QVC, Ronning spent 30 years at JCPenney where he was most recently president of the Catalog and Internet divisions. Ronning was responsible for launching the company's successful e-commerce initiative, JCPenney.com. Ronning has held several positions with business and professional organizations, including being a board member of both the Fashion Institute of Technology and the Direct Marketing Association. He also served as the president of the Mail Order Association of America and was a Mailers' Council Trustee. Ronning received a B.A in journalism from the University of Oregon.
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Ann Winblad is the co-founding Partner of Hummer Winblad Venture Partners. Hummer Winblad Venture Partners (www.humwin.com) is a venture capital firm focused on software investing and manages over $1 billion in capital. Hummer Winblad Venture Partners has launched over 80 new software companies.

Ann has over 25 years of experience in the software industry as a successful software entrepreneur, strategy advisor, author and venture capitalist. Her background and experience have been chronicled in many national business and trade publications. She began her career as a systems programmer at the Federal Reserve Bank. In 1976 Ann co-founded Open Systems, Inc., a top selling accounting software company, with a $500 investment. She operated Open Systems profitably for six years and then sold it for over $15 million.

Prior to co-founding Hummer Winblad Venture Partners, Ann served as a strategy consultant for prestigious clients such as IBM, Microsoft, Price Waterhouse, and numerous start-ups. In addition, Ann has co-authored the book Object-Oriented Software and has written articles for numerous publications.

Ann received a BA in Mathematics and in Business Administration, as well as an MA in Education and International Economics from the University of St. Thomas, St. Paul, Minnesota.

Ann has served as a Director of start-up and public companies and currently serves as a director of Dean & Deluca, DevX, Identicrypt, Intacct, Internet Wire, Net Perceptions and The Knot. She is also a member of the Board of Trustees of the University of St. Thomas and is an advisor to numerous entrepreneur groups.
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THE KNOT ANNUAL REPORT
2002 ANNUAL REPORT
(pdf: 488kb/68 pages)

(necessary to read pdfs)


THE KNOT AT A GLANCE
#1 wedding website with 2.1 million unique visitors a month

3,600+ new members join TheKnot.com each day

Exclusive wedding content provider to MSN, CompuServe, and Netscape

The only wedding brand found on the Internet's top three portals: MSN and Yahoo!

Brand extensions in all media: Internet, magazines, books, and television

Largest publisher of regional wedding magazines with 1.2 million circulation in 18 U.S. cities

Leading retailer of wedding favors and supplies on the Internet

Our five books have combined sales of over 100,000 copies

Named "Best Wedding Hub" four years in a row by Yahoo! Internet Life

Key investors include QVC, The May Company, and Hummer Winblad Venture Partners

Voted "Forbes Favorite" Online Gift Registry