SDForum Quarterly Venture Breakfast
with Pillsbury Winthrop and PricewaterhouseCoopers
“The Year in Review”
Tuesday, February 1, 2011
Description:
2010 was a confusing year, full of good and bad news. VCs invested roughly $22B, up from $18B in 2009, but VC fundraising dropped from $16B to roughly $12B, so the VCs invested $10B more than they raised in 2010, an unsustainable model. Three of the top 4 sectors in 2010 - cleantech, biotech, and medical devices - all face major obstacles and spark much skepticism from many investors. Roughly 50 VC backed companies went public in the US in 2010, a 400% increase from 2009 but still a modest year from a historical perspective. Will 2011 be better, worse, or the same as 2010? Only our experts know! Come hear the answers!
Agenda:
8:00am - 8:30am Registration and Breakfast
8:30am - 8:45am Introductions
8:45am - 9:00am Overview
9:00am - 9:45am Panel Discussion
Confirmed Speakers Include:
Steve Bengston, PricewaterhouseCoopers
Tim Chang, Norwest Venture Partners
Mark Gorenberg, Hummer Winblad Venture Partners
Todd MacLean, Accel Partners
Jon Sakoda, NEA
Moderator: Allison Leopold-Tilley, Pillsbury Winthrop
Online Registration Pricing:
SDForum Members: $25, Non-members: $35, Platinum Pass: $0
$10 more at the door (does not apply to Platinum Pass Members)
Location:
Pillsbury Winthrop Shaw Pittman LLP
2475 Hanover Street
Palo Alto, CA 94304
Follow us at www.twitter.com/sdforum and twitter with us at #SDFVenture
Event Sponsors:
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Speaker Bios:
Steve Bengston, Director, Emerging Company Services, PricewaterhouseCoopers. Steve runs the Emerging Company Services (ECS) group at PricewaterhouseCoopers. ECS helps companies informally with referrals to investors and other people that can help startups and more formally with services like audit and tax. Steve also presents the Money Tree data each quarter which summarizes venture capital investment results and trends.
Tim Chang, Partner, Norwest Venture Partners (NVP). Tim brings a combination of operational, technical and international business experience to NVP. Tim focuses on investments in mobile, gaming, digital media, and also leads NVP's investment practice in China and Asia-Pacific. Tim's venture investments have generated more than $1.3B in M&A exit value. Tim currently serves on the advisory boards of the Verizon 4G Venture Forum, the Silicon Valley Telecom Council, MIT/Stanford VLAB, CasualConnect, GamesBeat/MobileBeat, Digital Hollywood, TEDx San Francisco, and Silicon Valley Chinese Wireless Association. He was also featured on the AlwaysON Hollywood IT List recognizing technology leaders in the entertainment industry, and by The Deal as one of five emerging VCs to watch.
Mark Gorenberg, Managing Director, Hummer Winblad Venture Partners. Mark joined Hummer Winblad Venture Partners in 1990. He has served as a board member for start-up and public software companies, including AdForce, HomeGrocer, NetDynamics and Scopus Technologies. Currently, he serves as a Director of Aria Systems, Cenzic, Crowd Factory, ontheFRONTIER and Replay Solutions. In addition, Mark is a member of the Board of Trustrees for MIT and The John Heinz III Center for Science, Economics and the Environment. Mark received a BSEE from the Massachusetts Institute of Technology, an MSEE from the University of Minnesota, and an MS in Engineering Management from Stanford University.
Todd MacLean, Partner, Accel Partners. Todd joined Accel in 2010 and focuses on growth investments in the software, internet and technology-enabled services sectors. Todd has been a private equity investor for over 10 years, beginning his career as an Associate and then serving as a Vice President at Summit Partners, where he worked with current Accel partner Todd received an MBA with Honors from The Wharton School at the University of Pennsylvania and a BA, cum laude, in English from Dartmouth College.
Jon Sakoda, Partner, NEA. Jon joined NEA in 2006 and focuses on information technology and energy investments. He is a Director of OPOWER, ScienceLogic and Suniva, Inc. and serves on the National Venture Capital Association's Clean Technology Advisory Council, where he advises on federal policies to promote investments in U.S.-based energy technology companies. Jon also serves as a board observer to Bandgap Engineering, Jobfox, and Spring Wireless. Prior to joining NEA, Jon was an entrepreneur and co-founder of IMlogic, Inc. (acquired by Symantec Corporation) and served as its Chief Technology Officer and Vice President of Products. Prior to founding IMlogic, he worked at Goldman, Sachs & Co. where he focused on venture capital investments for their Private Equity Group. Jon earned his A.B. degree at Harvard University in Chemistry.
Allison Leopold Tilley, Partner, Pillsbury Winthrop. Allison focuses on the representation of technology companies in securities and venture capital transactions, including mergers and acquisitions, private placements, public offerings, venture funds and joint ventures. She has significant experience representing acquirers and target companies. Ms. Leopold Tilley is co-leader of the firm's Emerging Growth & Technology practice, leader of the Silicon Valley Business and Technology Group and co-leader of the Southeast Asia team.
