OVP Venture Partners , a venture firm in Oregon and Washington, is highlighting its latest "missed deal" in Aliso Viejo-based Networks In Motion . NIM, which was acquired last week for $170M, had been backed by venture firms Redpoint Ventures, Mission Ventures, and Sutter Hill Ventures. According to OVP's site, it was approached in 2005 by the CFO of a former portfolio company, who had made money OVP is known for its list of "missed deals" in its portfolio, and recently added Networks In Motion to its missed deal for its 2001-era Fund 6. OVP

One of the big, open source successes in both Southern California and the software world was Gluecode Software , which was based in Los Angeles and acquired by IBM in 2005. Adam also had a stint at Mission Ventures, and ran worldwide sales for open source middleware at IBM. see you were at Gluecode, and also were in the venture world at Mission Ventures--can you talk about how you've bootstrapped this firm and One of the firm's co-founders, Adam Lieber , is now the founder and CEO of Webtide (www.webtide.com), which is also based here. We caught up with Webtide