| Tuesday, June 7, 2011 |
| 1:00 - 1:30 |
CONFERENCE REGISTRATION & NETWORKING
|
| 1:30 |
IBF GREETINGS |
| 1:30 - 2:15 |
General Session
A MATCH MADE IN HEAVEN: THE INCREASING IMPORTANCE OF ANGELS
Angels are clearly an important component for developing strong businesses that make for great venture capital investments. Recently, a growing trend is to establish partnerships for both VCs and entrepreneurs. The emergence of these sophisticated angel syndicates are creating professional class managers who are fostering standards and excellence.
• Partnership structures: how VCs and Angels are working together
• How are angels becoming more effective investors
• Advantages of an angel network group
• Analysis of angel investor activity in early stage deals
Facilitator:
Allan May
Chairman
Angel Capital Education Foundation
Marianne Hudson
Executive Director
Angel Capital Association
Ian Patrick Sobieski
Managing Director
Band of Angels
Ralph Eschenbach
Board Member
Secretary/Treasurer
Sand Hill Angels
|
| 2:15 – 2:45 |
AFTERNOON NETWORKING & REFRESHMENT BREAK |
| 2:45 – 3:30 |
General Session
THE EARLY STAGE CONTINUUM
• Due diligence on today’s entrepreneur: market assessment, true customer demand, and evaluating top talent
• Timeframe: Do you have enough time to do a thorough evaluation
• Investment strategies VCs are employing to drive solid deal flow and cope with competition
• The selection process: ensuring you back the right people
• Identifying the markings of successful early stage start-ups
• The right number in investors in an early stage deal
• Key business concepts to keep out of trouble during turbulent times
Panelists:
Satish Dharmaraj
General Partner
Redpoint Ventures
Sarah Tavel
Vice President
Bessemer Venture Partners
Doug Pepper
General Partner
InterWest Partners
Mark Medearis
Partner
Cooley LLP
Ajit Nazre
General Partner
Kleiner Perkins Caufield Byers
Moderator:
Todd Hixon
Founder & Managing Partner
New Atlantic Ventures
|
| 3:30 – 4:00 |
AFTERNOON NETWORKING & REFRESHMENT BREAK |
| 4:00 – 4:45 |
CONCURRENT SESSIONS
Session A:
INCUBATION: THE PREMIER RESOURCE TO ACCELERATE INNOVATION
Incubators are meeting the needs of more entrepreneurs than ever before. Providing either office space, lab environments, marketing insight, or operational expertise, incubators are supplying seed stage companies with key ingredients to accelerate their growth and ensure productivity.
Panelists:
Alfredo Coppola
Director, Business Development
US Market Access
Camilla Rygaard-Hjalsted
Executive Director
Innovation Center Denmark
John McIntyre
Senior Director
Citrix Startup Accelerator
Moderator:
Susan Lucas-Conwell
CEO
SDForum
Session B:
U.S. AIR FORCE RESEARCH LABORATORY:
MISSION, VISION & VENTURE OPPORTUNITIES
The U.S. Air Force invests in a wide range of technologies from Air, Space and Cyber-space. Technologies that not only serve our nation’s defense, but that can also have game changing effects in commercial markets. This session will discuss Air Force research efforts and examine various programs developed and deployed to assist in the commercialization of Air Force technologies; which present important investment opportunities for the venture capital community.
Joe Sciabica
SES, Executive Director
Air Force Research Laboratory
Special Presentation:
TURNING GOVERNMENT GREEN INTO VENTURE GOLD:
A Story of Passion, Patience and Perseverance in Turbulent Times
David J. Novak
Founder & CEO
Inventis Group Ltd.
|
| 4:45 - 5:30 |
CONCURRENT SESSIONS
Session A:
THE DIGITAL CRAZE!
NEXT GENERATION DIGITAL MEDIA SERVICES EXAMINED
"Digital media" is defined as the broad convergence of media and technology, spanning infrastructure, services, and content. It has been defined by companies targeting both consumers and enterprises, and allows for deeper broadband penetration with increased consumer adoption of new digital platforms. In recent years, the market opportunity for digital media startups has never been greater and many VCs have allocated significant dollars to this space. Panel topics include:
• Current digital media investment trends
• Redefined business models
• Expanding customer relationships
• Examining platforms
• monetization strategies
Panelists:
Stewart Alsop
General Partner
Alsop Louie Partners
Kevin Spain
General Partner
Emergence Capital
Mamoon Hamid
General Partner
U.S. Venture Partners
Moderator:
Jeff Kuhn
Managing Partner
FLG Partners
Session B:
TECH TRANSFER: BRIDGING THE INNOVATION GAP
- • Key models for spinning out companies from research institutions
• How to leverage IP in business development and financing relationships
• What makes a good technology and intellectual property base for a spinout
• Value creating, risk reducing operating strategies for the early stage spinout
Panelists:
Lawrence Gilbert
Senior Director
Office of Technology Transfer
California Institute of Technology
Keith Crandell
Managing Director
ARCH Venture Partners
Katharine Ku
Director of the Office of Technology Licensing
Stanford University
Moderator:
Adam Ruttenberg
Chair, Technology Transactions Group
Cooley LLP
|
| 5:30 – 6:30 |
COCKTAIL RECEPTION
Hosted by: FLG Partners |
| Wednesday, June 8, 2011 |
| 7:30 – 8:30 |
CONTINENTAL BREAKFAST & CONFERENCE REGISTRATION |
| 8:15 – 8:30 |
NVCA BRIEFING
Mark Heesen
President
NVCA*National Venture Capital Association |
| 8:30 – 8:45 |
CHAIRMAN’S WELCOME
Dixon Doll
Co-Founder & General Partner
DCM
|
| 8:45 - 9:30 |
OPENING KEYNOTE PANEL
VENTURE CAPITAL…START YOUR ENGINES!
REVVING UP INNOVATION AND IDENTIFYING MEGA-TRENDS
The world is watching Silicon Valley. Technology’s ‘heartbeat’ has always been showered with accolades and praise in, which continues to cement venture capital as a force changing the face of innovation. Now more than ever, the venture community is diligently identifying the next wave of mega-trends impacting business, cultures and society.
Panelists:
Matt Howard
General Partner
Norwest Venture Partners
Navin Chaddha
Managing Director
Mayfield
Mark Siegel
General Partner
Menlo Ventures
Mike Carusi
General Partner
Advanced Technology Ventures
Moderator:
Craig Dauchy
Chair, Venture Capital Group
Cooley LLP
|
| 9:30 – 10:00 |
SPECIAL ACHIEVEMENT AWARD PRESENTATION:
About the IBF Special Achievement Award
This honor is extended by IBF to investors who, during their lifetime and career, have made creative contributions of outstanding significance to venture capital industry. Others who have been honored by this award include the following distinguished venture capitalists: David Morgenthaler, John Mumford, Reid Dennis, William Draper, and Richard Kramlich.
2011 Special Achievement Award Recipient
Jim Breyer
General Partner
Accel
Special Interview Conducted by:
Gary Morgenthaler
General Partner
Morgenthaler Ventures
About Jim Breyer:
Jim has been an investor in over thirty consumer internet, media, and technology companies that have completed public offerings or successful mergers. Some of these include Actuate (ACTU), Agile Software (AGIL), BBN Technologies/Raytheon, Centillion (acquired by Bay Networks), Collabra/America On-line, Foundry Networks (FDRY), Hyperion Solutions (HYSL)/Oracle (ORCL), Macromedia (MACR), Maven Networks/Yahoo! (YHOO), RealNetworks (RNWK), RedBack Networks (RBAK), and Walmart.com (WMT). In August 2010, Fortune Magazine named Breyer one of the 10 smartest people in technology, and the
smartest investor in technology.
Jim is currently on the Board of Directors of Wal-Mart Stores, Inc (WMT), where he is the Lead/Presiding Independent Director, and Chairman of the Strategic Planning and Finance Committee. He also serves on the board of Marvel Entertainment (MVL) where he is the founding Chairman of the Strategic Planning and Finance Committee, and he serves on the board of Dell Inc (DELL), where he is the Chair of the Leadership Development and Compensation Committee, and where he serves on the Incubation Advisory Board. Jim is currently an Investor/Board Member of privately held companies Booyah, Brightcove, Etsy,
Facebook, Global Grind, ModelN, Prosper, and Vostu.
|
| 10:00 – 10:45 |
A CALL TO ARMS:
HOW WASHINGTON CAN WORK WITH VENTURE CAPITAL TO SUSTAIN AND ENERGIZE THE U.S. GLOBAL COMPETITIVE ADVANTAGE
Aneesh Chopra, the U.S. Chief Technology Officer and Associate Director for Technology in the White House Office of Science and Technology Policy, has the task to develop and implement the initiatives for the U.S. that President Obama outlined in his State of the Union speech: to "out-innovate, out-educate, and out-build" its global competitors through the construction of a digital infrastructure, strengthening programs in science, technology, engineering, and mathematics education, and establish policies that encourage innovation. With immigration issues, the change of control in Congress, the need for capital markets reform, and the ongoing tax reform debate, Washington's role in partnering with and supporting the venture industry's initiatives has never been more crucial. There are opportunities for the government to help the innovation ecosystem which can in turn help move the economy. A panel of venture capitalists, who have worked extensively with stakeholders in Washington, and are closely involved in solving the issues that are critical to building a larger innovation economy, will discuss and debate these issues in this opening panel.
Panelists:
Dixon Doll
Co-Founder & General Partner
DCM
Jim Breyer
General Partner
Accel
Richard Kramlich
Co-Founder & General Partner
New Enterprise Associates
Mark Heesen
President
NVCA*National Venture Capital Association
Moderator:
Kate Mitchell
Co-Founder and Managing Director
Scale Venture Partners
|
| 10:45 – 11:15 |
NETWORKING & REFRESHMENT BREAK |
| 11:15 – 11:45 |
KEYNOTE PRESENTATION
HOW TO ENCHANT AN ENTREPRENEUR
Guy Kawasaki
Founder & Managing Director, Garage Technology Ventures
Founder, Alltop.com
Guy Kawasaki is the co-founder of Alltop.com, an “online magazine rack” of popular topics on the web, and a founding partner at Garage Technology Ventures. Previously, he was the chief evangelist of Apple. Kawasaki is the author of ten books including Enchantment, Reality Check, The Art of the Start, Rules for Revolutionaries, How to Drive Your Competition Crazy, Selling the Dream, and The Macintosh Way. Kawasaki has a BA from Stanford University and an MBA from UCLA as well as an honorary doctorate from Babson College.
|
| 11:45 – 12:45 |
THE 'NEW' VENTURE BUSINESS:
INNOVATIVE MODELS AND CHANGING ROLES
- • The Changing Role of the CFO
- • Board seat positions: how many to take and why
- • Deal sourcing
- • Investment approaches
- • Recruiting
Panelists:
Paul Holland
General Partner
Foundation Capital
Brian O’Malley
Partner
Battery Ventures
Peter Boni
CEO
Safeguard Scientifics
Craig Jacoby
Chair, Emerging Companies Group
Cooley LLP
Moderator:
Seth H. Blackman
Principal, CPA
Rothstein Kass
|
| 12:45 – 1:45 |
OUTDOOR LUNCHEON RECEPTION
Hosted By: Cooley LLP |
| 1:45 – 2:30 |
LEADERSHIP + INNOVATION:
DEVELOPING THE WINNING BUSINESS MODEL
- • Building A Management Team in 2012
- • Recruiting talent with deep sector experience
- • Building & monitoring the young CEO relationship
Panelists:
Ira Ehrenpreis
General Partner
Technology Partners
Rob Coneybeer
General Partner
Shasta Ventures
Mike Buckley
Managing Director
Intel Capital
Moderator:
Jeff Kuhn
Managing Partner
FLG Partners |
| 2:30 - 3:30 |
CYBER-SECURITY 2.0
ACCELERATING ADOPTION & NEW OPPORTUNITIES
This panel will discuss and explore the emerging clear and present Cyber Security threats that are occurring with an ever increasing frequency with more damaging impact - from WikiLeaks to attacks on network infrastructure and data. This growing wave of attacks and the increasing need to protect networks and information assets will drive Cyber Security VC returns over the next 10 years. Representatives from the VC community, Cyber Industry, Corporations and Government will discuss how new attack vectors are revving up growth and new opportunity in Cyber deals.
Panelists:
Jim Goetz
General Partner
Sequoia Capital
Sumit Agarwal
Senior Adviser
Principal Office of the Under Secretary of Defense (Policy)
Cyber Engagement and Innovation
Nir Zuk
Founder and CTO
Palo Alto Networks
Jerry Archer
CISO, Sallie Mae
Formally CISO of Intuit and VISA
Dave Cullinane
CISO
eBay
Moderator:
George Hoyem
Partner
In-Q-Tel
|
| 3:30 - 4:00 |
AFTERNOON NETWORKING & REFRESHMENT BREAK |
| 4:00 – 4:45 |
CONCURRENT SESSIONS
Session A:
AVOIDING THE ROAD TO PERDITION:
GROWTH STRATEGIES & MAXIMIZING PERFORMANCE
Panelists:
Randy Hawks
Managing Director
Claremont Creek Ventures
Kevin Fong
Managing Director
GSR Ventures
David Berry
Partner
Flagship Ventures
Moderator:
Martin Pichinson
Co-Managing Member and Co-Founder
Sherwood Partners LLC
Session B:
VENTURE CAPITAL IN THE COMMUNITY:
INNOVATION POWERING NON-PROFIT ORGANIZATIONS
Panelists:
Larry Orr
General Partner
Trinity Ventures
Phil Wickham
President & CEO
Center for Venture Education, Kauffmann Fellows Program
Tod Bensen
Chairman
WildAid
Elizabeth Clarkson
General Partner
Draper Fisher Jurvetson
Moderator:
Aaron Gershenberg
Managing Partner
SVB Capital
|
| 4:45 – 5:30 |
CONCURRENT SESSIONS
Session A:
ENSURING RETURNS & PREPARING FOR EXPANSION:
STRATEGIC ALTERNATIVES FOR GROWTH & THE PATH TO LIQUIDITY
M&A models
Optimizing exits
Innovation partnerships
Strategic reviews
Restructurings
Investment banking transactions
Panelists:
Patrick Kenealy
Managing Director, IDG Ventures
Peter Loukianoff
Managing Partner, Almaz Capital
Sandy Miller
General Partner
Institutional Venture Partners
Claus Schmidt
Managing Director
Robert Bosch Venture Capital
Moderator:
Brad Burkett
Senior Managing Director
Epsilon Securities
Session B:
NEW VALUATION METHODOLOGIES:
STANDARDS & CONSISTENCIES WITHIN VENTURE CAPITAL
Panelists:
Ryan R. Moore
General Partner
GrandBanks Capital
Owen Dahl
Principal
Moss Adams
Seth Miller
Partner
DBL Investors
Moderator:
Steven J. Menna
Principal, CPA
Rothstein Kass
|
| 5:30 – 7:00 |
COCKTAIL RECEPTION
Hosted by: Rothstein Kass |
| Thursday, June 9, 2011 |
| 7:30– 8:45 |
CONTINENTAL BREAKFAST & NETWORKING
Hosted by: SVB Capital |
| 8:00 – 9:30 |
BREAKFAST PANEL DISCUSSIONS
|
| 8:00 – 8:45 |
SOWING THE SEEDS
SEED STAGE INVESTING IN 2011
Panelists:
Tim Connors
Managing Partner
PivotNorth Capital
Roger Ehrenberg
Managing Partner
IA Ventures
Josh Felser
Partner
Freestyle Capital
Moderator:
Michael Kim
Managing Partner
Cendana Capital |
| 8:45 – 9:30 |
THE BIG PICTURE: MARKET TRENDS SHAPING SECONDARY DEALS
• Why the growth in capital to secondaries- • Is this temporary or permanent as the base grows
- • Who are the players and how to organize/classify them
Panelists:
Hany Nada
General Partner
GGV Capital
Hans Swildens
Founder & Managing Director
Industry Ventures
Suzanne Rombeau
Principal
Paul Capital
Mike Guthrie
Senior Vice President
Sharespost
Moderator:
Thomas Foley
Founder and CEO
Xpert Financial
|
| 9:30 – 9:45 |
DAY 2 CHAIRMAN’S WELCOME
|
| 9:45 – 10:30 |
INSTITUTIONS SPEAK OUT:
WHAT IS HAPPENING IN VENTURE CAPITAL
Panelists:
Judith Elsea
Co-Founder and Managing Director
Weathergage Capital
Bret W. Jepsen
Director, Venture Capital / Private Equity
San Francisco Employees' Retirement System
Chris Douvos
Co-Head, Private Equity
The Investment Fund of Foundations
Michael Kim
Managing Partner
Cendana Capital
Moderator:
Ian O’Donnell
Partner
Cooley LLP
|
| 10:30 - 11:00 |
MORNING NETWORKING & REFRESHMENT BREAK |
| 11:00 – 11:45 |
THE LIMITED PARTNER APPRAISAL ON VENTURE CAPITAL:
PERFORMANCE MEASUREMENT & BENCHMARKING
Long-term strategies: what are the right long-term return assumptions for venture capital across fund sizes (i.e. early vs. later stage)
Manager assessment: how do LPs verify that top funds will continue to deliver
Interest alignment: the ‘new LP/GP relationship’
Transparency expectations
Panelists:
Nicole Belytschko
Director
CM Capital
George Arnold
Managing Principal
Knightsbridge Advisers
Anita Ng
Senior Consultant
Cambridge Advisors
Moderator:
Susan Mason
General Partner
Aligned Partners
|
| 11:45 - 12:30 |
PREDICTIONS FOR THE VENTURE CAPITAL ASSET CLASS
• Fundraising - • Emerging Managers
- • Return Expectations
Panelists:
Robert “Mac” Hofeditz
Partner
Probitas Partners
Kirk Dizon
Managing Director
Co-Head, Private Equity
Hall Capital Partners
Jordan Silber
Partner
Cooley LLP
Kelvin Liu, CFA
Director
Invesco Private Capital
Georganne Perkins
Managing Director
Fisher Lynch Capital
Moderator:
Avi Zeevi
Co-Founder & General Partner
Carmel Ventures |
| 12:30 |
Conference Adjourns |
