Hercules Provides $2.5 Million Financing to Blurb, a Creative Web Based Book Publishing Service and Community That Can Make Anyone an Author

PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), a leading specialty finance company providing growth capital to venture capital backed technology and life science companies announced on Dec. 29, 2006 that it provided $2.5 million of debt financing to Blurb, a creative book publishing service. Blurb is backed by Anthem Venture Partners, Canaan Partners and other leading industry investors.

“Selecting Hercules was a natural choice for us”

“We are excited to partner with a growing company like Blurb as they revolutionize the publishing industry for the twenty-first century,” said Sam Bhaumik, Senior Managing Director of Hercules. “In addition to adding another quality tech company to our investment portfolio, this funding arrangement utilizes the benefits of debt financing for firms that have already raised significant venture capital.”

“Selecting Hercules was a natural choice for us,” said Eileen Gittins, Chief Executive Officer of Blurb. “Just as we are making it easy for everyday people to create and print their own books, Hercules’ venture lending ability is changing the way growth companies like Blurb access capital to fund future growth. Together we can change two industries at the same time.”

About Hercules Technology Growth Capital, Inc.:

Founded in December 2003, Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty finance company providing debt and equity growth capital to technology-related companies at all stages of development. The Company primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies. Hercules’ strategy is to evaluate and invest in a broad range of ventures active in technology and life science industries and to offer a full suite of growth capital products up and down the capital structure to prospective clients ranging from early-stage growth to expansion stage companies. The Company's investments are originated through its principal office located in Silicon Valley, as well as additional offices in the Boston, Boulder and Chicago areas. Providing capital to publicly-traded or privately-held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses of capital.

For more information, please visit www.herculestech.com, or www.htgc.com. Companies interested in learning more about financing opportunities should contact info@htgc.com, or call 650.289.3060.

About Blurb:

Blurb is a company and a community that believes passionately in the power of books: making, reading, sharing, and selling them. Blurb’s creative publishing service is simple and smart enough to make anyone an author – every blogger, cook, marketer, photographer, traveler, entrepreneur, poet, everyone. Founded by Eileen Gittins in 2004 and funded by Canaan Partners and Anthem Venture Partners, Blurb is bringing book publishing to the masses. Blurb’s free BookSmart™ software runs on a Mac or PC; users pay only when they publish their books. The software is available for download at www.blurb.com.

Forward-Looking Statements:

The statements contained in this release that are not purely historical are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties and other factors we identify from time to time in our filings with the Securities and Exchange Commission. Although we believe that the assumptions on which these forward-looking statements are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events.