Agenda - Venture Capital Investing Conference 2013

(Includes the Family Offices Symposium track)

Tuesday, June 19, 2012

*Denotes invited speakers


11:00 - 11:30 am	Conference Registration & Networking
11:30 - 12:45 pm	Welcome Luncheon Reception & Keynote Fireside Chat Hosted by: U.S. Trust, Bank of America Private Wealth Management IBF Conference Welcome Alexandra Scott Chief Executive Officer IBF - International Business Forum *Special Fireside Chat Introduction By:* Marc Compton Senior Vice President Market Executive U.S. Trust, Bank of America, Private Wealth Management Keynote Fireside Chat "Sparking a Revolution in Venture Capital: A Conversation with Steve Case" Steve Case Chairman and CEO, Revolution Partners Co-Founder, America Online Chairman, The Case Foundation Steve Case is one of America’s best-known and most accomplished entrepreneurs and philanthropists, and a pioneer in making the Internet part of everyday life.Steve co-founded America Online (AOL) in 1985, when the Internet was in its infancy. Under Steve’s leadership as Chairman and CEO, AOL became the world’s largest and most valuable Internet company. AOL helped drive the worldwide adoption of a medium that has transformed business and society. AOL’s early focus on ease of use and social media set the stage for its rapid growth, and at its peak nearly half of Internet users in the United States used AOL. In 1992, AOL became the first Internet company to go public, and was the best performing stock of the 1990s, with a 11,616% return. At the peak of the Internet boom, Steve negotiated what remains the largest merger in business history, bringing together AOL and Time Warner in a transaction that gave AOL shareholders a majority stake in the combined company. To facilitate the merger, Steve agreed to step down as CEO when the merger closed in 2001. He served as Chairman of the Board of the combined company (then known as AOL Time Warner) until 2003.Steve then went back to his entrepreneurial roots, and in recent years has partnered with more than a dozen entrepreneurs as an investor and mentor. Steve created Revolution in 2005 to oversee his rapidly expanding investments. Revolution now has four divisions: Revolution Growth, which invests in high-growth consumer companies (including Zipcar, LivingSocial, and Exclusive Resorts); Revolution Ventures, which backs early-stage technology companies (including Vinfolio, Snagfilms, and UberMedia); Revolution Health, which invests in health and wellness businesses (including SparkPeople, Extend Health and Brainscope); and Revolution Places, which develops real estate and hospitality businesses (including Grove Farm and Maui Land & Pineapple in Hawaii, Cacique in Costa Rica, and Miraval in Arizona). The success of AOL, coupled with Steve’s post-AOL track record building businesses through Revolution, led CNBC to call Steve “one of the nation’s greatest entrepreneurs.” Interviewed By: Ari Levy Technology Reporter Bloomberg News
12:45 - 1:00 pm	Luncheon Coffee Break & Networking Hosted by: U.S. Trust, Bank of America Private Wealth Management
1:00 - 1:45 pm	Breaking News On Venture Capital: Reports Of My Death Are Greatly Exaggerated Why one should not use a rear-view mirror in viewing venture capital performance going forward. What is driving the future of venture capital that makes it a valid asset class and more promising than ever. Panel Chairman: Charles Froland CEO and Chief Investment Officer Performance Equity Management, LLC Anita Ng Senior Consultant Cambridge Associates Frank Foster General Partner Gideon Hixon Fund
1:45 - 2:00 pm	Special Presentation: The Wisdom of Crowds – A Parable Jim Anderson President and COO Xpert Financial
2:00 - 2:45 pm	Roles Of Micro VC Funds Early stage performance substantiates the early stage venture capital investing model Less portfolio companies for the VC firm to manage and build Panelists: Stephanie Palmeri Senior Associate SoftTech VC Chris Douvos Managing Director Venture Investment Associates Ilya Nykin General Partner Prolog Ventures Dave McClure Founding Partner 500 Startups Craig Jacoby Chair, Emerging Companies Group Cooley LLP Moderator: Jeff Kuhn Managing Partner FLG Partners
2:45 - 3:15 pm	Afternoon Networking & Refreshment Break Hosted by: ArchPoint Partners
3:15 - 5:30 pm	CONCURRENT TRACKS

Venture Capital Investing (Track 1)	Family Office Symposium (Track 2)
*Session A: 3:15 - 4:00 pm* Venture's Response to Entrepreneurial Needs -The new science: how has VC been redefined to support start-ups -Adding strategic value: leveraging incubators to accelerate growth -VC preferences: stage, sector, geography -Scalable, sustainable models supporting entrepreneurs -Technical recruiting: VC firm approaches to secure top talent for portfolio companies Panelists: Rob Coneybeer, Managing Director, Shasta Ventures Rick Lewis, General Partner, U.S. Venture Partners Beth Cahill, CFA, Investment Banking, innoveas, AG Rick Bolander, Managing Director & Co-Founder, Gabriel Venture Partners Moderator: Gale Richards, Partner, Medical Device Practice, Healthcare IT Practice BioQuest	To learn more about the Family Office Symposium on Venture Capital & Private Equity visit our website *Session B: 3:15 - 4:00 pm* Best Practices For Family Offices In Making Direct VC Investments Angel investing can offer the promise of superior return, but also carries levels of risk and complexity that family offices often underestimate. Developing a diligent, repeatable process for making new investments and supporting your portfolio can improve your odds of success. Symposium Chair & Moderator: Pascal N. Levensohn, CEO and Co-Founder, Generation Strategic Advisors LLC Thomas T. Groos, Partner, City Light Capital Allan May, Chair, Angel Resource Institute Stuart Davidson, Managing Partner, Labrador Ventures
*Session A: 4:00 - 4:45 pm* Predicting The Next Game Changer: Killer Technologies, Business Models & Applications Coming Downs The Pike -Identifying technology trend set to ignite the next phase -Market forces: digital media services, applications and platforms -The winning recipe: strategy + technology + funding to support emerging business models -Valuations: determining the reality behind the hype Panelists: Peter Lee, Senior Associate, Bessemer Venture Partners Brian O'Malley, General Partner, Battery Ventures Shawn Carolan, Managing Director, Menlo Ventures Moderator Martin Pichinson, Co-Founder & Co-Managing Member, Sherwood Partners	*Session B: 4:00 - 4:45 pm* Impact Investing: Private Investments and The Double Bottom Line Private equity and venture capital strategies that generate both financial returns and social benefits continue to attract attention. What questions should you ask in considering these investments. How should you assess the implementation challenges and opportunities in getting started. Moderator: Holden Lee, Senior Investment Consultant, Cambridge Associates Ira Ehrenpreis, General Partner, Technology Partners
*Session A: 4:45 - 5:30 pm* Harvesting Home Runs: Seed Stage Investing In 2012 -How has the last 12 months shaped seed investing -The 'value added' services offered by today's seed investors and how they impact the growth fo a start-up Panelists: Chris Farmer, Venture Partner, General Catalyst Dave Whorton, Founder, Tugboat Ventures Duncan Davidson, General Partner, Bullpen Capital Lars Leckie, Managing Director, Hummer Winblad Moderator: Roger Anderson, Managing Partner, Medical Device Practice, BioQuest	*Session B: 4:45 - 5:30 pm* Family Offices As Limited Partners Perspectives and lessons from seasoned limited partners: How do we manage our pe/vc portfolio in light of Asset Allocation Chair & Moderator: Nicole Belytschko, Director, Private Equity, CM Capital Advisors Jenny Chen, Vice President, Oak Hill Investment Management, L.P. Carolyn Choi, Managing Director, Private Capital, Sterling Stamos Brent Whisenant, Managing Director, Medley Partners

Venture Capital Investing (Track 1)

Family Office Symposium (Track 2)

Session A: 3:15 - 4:00 pm

Venture's Response to Entrepreneurial Needs

-The new science: how has VC been redefined to support start-ups
-Adding strategic value: leveraging incubators to accelerate growth
-VC preferences: stage, sector, geography
-Scalable, sustainable models supporting entrepreneurs
-Technical recruiting: VC firm approaches to secure top talent for portfolio companies

Panelists:
Rob Coneybeer, Managing Director, Shasta Ventures
Rick Lewis, General Partner, U.S. Venture Partners
Beth Cahill, CFA, Investment Banking, innoveas, AG
Rick Bolander, Managing Director & Co-Founder, Gabriel Venture Partners

Moderator:
Gale Richards, Partner, Medical Device Practice, Healthcare IT Practice BioQuest

To learn more about the Family Office Symposium on Venture Capital & Private Equity visit our website

Session B: 3:15 - 4:00 pm

Best Practices For Family Offices In Making Direct VC Investments

Angel investing can offer the promise of superior return, but also carries levels of risk and complexity that family offices often underestimate. Developing a diligent, repeatable process for making new investments and supporting your portfolio can improve your odds of success.

Symposium Chair & Moderator:
Pascal N. Levensohn, CEO and Co-Founder,
Generation Strategic Advisors LLC

Thomas T. Groos, Partner, City Light Capital
Allan May, Chair, Angel Resource Institute
Stuart Davidson, Managing Partner, Labrador Ventures

Session A: 4:00 - 4:45 pm

Predicting The Next Game Changer: Killer Technologies, Business Models & Applications Coming Downs The Pike

-Identifying technology trend set to ignite the next phase
-Market forces: digital media services, applications and platforms
-The winning recipe: strategy + technology + funding to support emerging business models
-Valuations: determining the reality behind the hype

Panelists:
Peter Lee, Senior Associate, Bessemer Venture Partners
Brian O'Malley, General Partner, Battery Ventures
Shawn Carolan, Managing Director, Menlo Ventures

Moderator
Martin Pichinson, Co-Founder & Co-Managing Member, Sherwood Partners

Session B: 4:00 - 4:45 pm

Impact Investing:
Private Investments and The Double Bottom Line

Private equity and venture capital strategies that generate both financial returns and social benefits continue to attract attention. What questions should you ask in considering these investments. How should you assess the implementation challenges and opportunities in getting started.

Moderator:
Holden Lee, Senior Investment Consultant, Cambridge Associates

Ira Ehrenpreis, General Partner, Technology Partners

Session A: 4:45 - 5:30 pm

Harvesting Home Runs: Seed Stage Investing In 2012
-How has the last 12 months shaped seed investing
-The 'value added' services offered by today's seed investors and how they impact the growth fo a start-up

Panelists:
Chris Farmer, Venture Partner, General Catalyst
Dave Whorton, Founder, Tugboat Ventures
Duncan Davidson, General Partner, Bullpen Capital
Lars Leckie, Managing Director, Hummer Winblad

Moderator:
Roger Anderson, Managing Partner, Medical Device Practice, BioQuest

Session B: 4:45 - 5:30 pm

Family Offices As Limited Partners

Perspectives and lessons from seasoned limited partners: How do we manage our pe/vc portfolio in light of Asset Allocation

Chair & Moderator:
Nicole Belytschko, Director, Private Equity, CM Capital Advisors

Jenny Chen, Vice President, Oak Hill Investment Management, L.P.
Carolyn Choi, Managing Director, Private Capital, Sterling Stamos
Brent Whisenant, Managing Director, Medley Partners


5:30 - 7:00 pm	Evening Cocktail Reception For All Attendees Hosted by: FLG Partners

Wednesday, June 20, 2012


7:30 - 8:20 am	Continental Breakfast and Conference Registration
8:20 - 8:30 am	IBF Conference Welcome Alexandra Scott Chief Executive Officer IBF – International Business Forum
8:30 - 9:00 am	Chairman Opening Remarks Dixon Doll Co-Founder and General Partner DCM Special Introduction By: Marc Compton Senior Vice President Market Executive U.S. Trust, Bank of America, Private Wealth Management
9:00 - 9:30 am	*-THE RISING STAR-* *2012 Special Achievement Award Recipient* Peter Fenton General Partner Benchmark Capital Peter Fenton joined Benchmark Capital in 2006 after spending seven years as a partner with Accel Partners. His current investments include: Twitter, Yelp, DotCloud, EngineYard, Hortonworks, Lithium, New Relic, Pentaho, Polyvore, Terracotta, Zendesk and Zuora. Forbes recognized Peter as the ‘most proactive dealmaker’ on their prestigious Midas List and ranked him #4 in 2011. Regarded by his peers as a rising star, Peter’s notable accomplishments include selling SpringSource to VMWare and FriendFeed to Facebook all within a period of 24 hours and backing Twitter when it was a 25-person company. Peter’s prior investments include: Coremetrics (acquired by IBM), FriendFeed (acquired by Facebook), JBoss (acquired by RedHat), Reactivity (acquired by Cisco), SpringSource (acquired by VMWare), Wily Technology (acquired by CA), Xensource (acquired by Citrix), and Zimbra (acquired by Yahoo!). 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 the 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, Richard Kramlich and Jim Breyer.
9:30 - 10:30 am	Promises, Promises: What Will VCs Do Different Given the Ten-Year Lack of Performance Returns Back to basics: Building great companies to attract capital and generate strong returns Capital deployment: How VCs plan to distribute more than raised in 2012 The pendulum keeps swinging: VC will continue to support rapid strides in innovation Connecting Silicon Valley innovation with China's booming tech market: A global approach for investing in China How U.S. private equity & VC investors can generate returns from China's growth How U.S. private equity & VC investors can capitalize on China's next export...venture capital Ripple effect: Downsizing of the industry Avoiding the rearview mirror: Focusing on the future, not the past Money on the sidelines: Deploying dry powder Venture risk management: New rules for investing The shifting landscape: Significant economic, political, market and competitive dynamics shaping VC investment strategies Word on the street: Changes being made by the “new guard” of VC Panelists: Scott Sandell General Partner New Enterprise Associates Navin Chaddha Managing Director Mayfield Fund Peter Fenton General Partner Benchmark Capital Ryan Sweeney General Partner Accel Lip-Bu Tan Chairman Walden International Moderator: Craig Dauchy Chair, Venture Capital Group Cooley LLP
10:30 - 11:00 am	Morning Networking & Refreshment Break Hosted By: Walden International
11:00 - 11:45 am	Decision Point: Asset Allocation & Venture Capital (LPs) A radical shift has changed the alternative asset class investors’ view on the venture capital industry. A new era of fund managers are re-inventing the industry and investors are reassessing the allocation method they once used. Are LPs reducing or increasing their allocations to VC LP skepticism regarding the future performance of VC as a class - thoughts and perspectives? The mechanics that go into investing in the VC asset class The impact of VCs raising smaller funds - will larger institutions be inclined to invest How early stage VCs can raise LP confidence levels Are limited partners scaling to invest in early stage funds Are LPs entertaining first time funds and how high is the bar: can VCs demonstrate experience, discipline, market opportunities to get over the hurdle Global Venture Capital: Does the geographical dispersion of VC investments make a difference to LPs What do VCs find exciting - where are the emerging markets showing promise Panelists: Bob Grady Chairman, State of New Jersey Pension Fund Partner, Cheyenne Capital Fund Malcolm C. Goepfert, CFA Director of Investments The James Irvine Foundation Amanda Outerbridge Principal HarbourVest Bret Jepsen Principal Northgate Moderator: Seth Blackman Principal Rothstein Kass
11:45 - 12:30 pm	Limited Partners: World Class Session On VC Fund Raising Rethinking returns: what can LPs expect in the next 12-18 months Reducing fees/terms – will it happen? Quantifying investment risk Sector focus Early, mid or later stage investing preferences Risk, volatility, and performance expectations Jessica Archibald Principal Top Tier Capital Partners Robert “Mac” Hofeditz Partner Probitas Partners Nicole Belytschko Director CM Capital Moderator: Steve Menna Principal Rothstein Kass
12:30 - 1:00 pm	Special Presentation: What Makes A Top Positioned U.S. VC Firm Successful? Steven Yang Executive Director Adveq Management
1:00 - 2:00 pm	Luncheon Reception Hosted by: Cooley LLP
2:00 - 2:45 pm	The Revival of the IPO: Forecasts For The Improved Liquidity Landscape Panelists will discuss traditional and non-traditional methods used to complete an initial public offering in today’s market. They will address issues that apply to companies ranging from those that achieve exciting early market traction, but lack true IPO-quality maturity, to those that demonstrate evidence of financial success. Preparing for the IPO: New criteria New listing requirements, dual listings Getting analyst tracking and exposure Post lock-up period retention The non-traditional IPO Where to go public M&A Developments and Forecasts Panelists: Scott Cutler Executive Vice President and Co-Head of U.S. Listings and Cash Execution NYSE Sandy Miller General Partner Institutional Venture Partners (IVP) Josh Tanzer Managing Director Head of Private Growth Equity Houlihan Lokey Eric Jensen Partner Cooley LLP Moderator: Kate Mitchell Co-Founder & General Partner Scale Venture Partners
2:45 - 3:30 pm	Venture Capital's Solutions To The Talent Crunch: Ensuring Portfolio Company Success Through Strategic Recruiting Efforts VC firm strategy: The trend to bring in recruiters The engineering pool: Sourcing technical talent in today’s market Unlocking potential: Innovation partnerships to bridge the talent gap Panelists: Jason Green General Partner Emergence Capital Venky Ganesan Managing Director Globespan Capital Partners Charlie O'Donnell General Partner Brooklyn Bridge Ventures Moderator: Jeff Kuhn Managing Partner FLG Partners
3:30 - 4:00 pm	Afternoon Networking & Refreshment Break
4:00 - 4:45 pm	Concurrent Sessions Session A: The Evolution of the Early Stage Ecosystem How early stage venture investing has evolved, with the increased number of seed VC firms and the corresponding seed efforts by the larger VC firms Panelists: Saar Gur General Partner Charles River Ventures Kirsten Green Managing Partner Forerunner Ventures Rob Hayes Managing Partner First Round Capital Charles Hudson General Partner SoftTechVC Moderator: Michael Kim Managing Partner Cendana Capital Session B: Later Stage Investing: Preparing Growth Companies For Expansion & Competitive Advantage Overcoming the toughest milestone: Getting companies to the next round Capital acquisition strategies for future round and creative financing approaches The GP report card: How GPs can sustain LP confidence Strategies to ensure success: Growing start-ups to become market leaders Managing leadership expectations: Tackling CEO transition Portfolio company brand positioning Valuations: Standards and consistencies in later stage deals Panelists: Rory O’Driscoll General Partner Scale Venture Partners Zubeen Shroff Managing Partner Galen Associates Georganne Perkins Managing Director Fisher Lynch Capital Jai Das Managing Director SAP Ventures Moderator: Derek Dowsett Partner Moss Adams, LLP
4:45 - 5:30 pm	Concurrent Sessions *Session A:* Globalization: How are VCs Capitalizing on O-US Opportunities Venture capital firms are actively organizing their businesses and portfolio companies to capture global opportunities. Globalization is no longer a matter of choice as portfolio companies and VCs must capitalize on the global markets to remain relevant. Should U.S. VCs continue to tackle emerging markets The imperative to globalize portfolio companies Recruiting talent overseas: Strategies to expand teams O-US Emerging markets: Finding alpha in today’s global VC/PE market How to assess the benefits and challenges of investing direct or through funds in the international landscape, including “frontier” countries What’s driving the globalization of venture capital Where is venture now in EM and where is it headed The emerging markets model of venture capital different from that of the US Panelists: Gavin Wilson CEO IFC Asset Management Company Hany Nada General Partner GGV Capital Claus Schmidt Managing Director Robert Bosch Venture Capital Jennifer Choi Vice President, Industry and External Affairs Emerging Markets Private Equity Association (EMPEA) Mark Medearis Partner Cooley LLP Moderator: Jason Krikorian General Partner DCM Session B: The Big Picture: Market Trends Shaping Secondary Market 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: Dan Burstein Managing Partner Millennium Technology Value Partners Hans Swildens Founder & Managing Director Industry Ventures Zack Scott Director Saints Capital Greg Brogger Founder and President SharesPost Moderator: Don Sechler Vice President Pantheon Ventures
5:30 - 7:00 pm	Cocktail Reception Hosted by: Rothstein Kass