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Berkeley Entrepreneurs Forum

 

Thursday, September 24, 2009
6:30-8:30 PM
Andersen Auditorium, Haas School of Business


2009 Angel & Venture Capital Investment Overview



Presentations available (pdf):

Steve Bengston, PriceWaterhouseCoopers


 

 

Video on YouTube (video on YouTube site):

 

 

 

Program Description and Speaker Biographies


 

Sponsored by

Fenwick & West


2008-2009 saw an unprecedented restructuring of the financial markets, including the market for angel and venture capital. Investment activity dropped significantly as investors and companies were forced to adapt to a new investment environment that some believe will last for years. Similarly, entrepreneurs and start-up companies had to operate during a period of limited access to investment capital and an extremely weak economic environment.

Please join our panel of expert angel and venture capital investors for a look at technology investing during the past year, the current market and what the future investment environment holds. The presentation will also include a review of the key metrics for venture capital investments/exits and critical VC term sheet terms for Q2 2009. This will be a thought provoking and informative session you will not want to miss!

 

Our distinguished panel includes:

Sam Angus Sam Angus (moderator) is resident in the San Francisco office of Fenwick & West and his practice concentrates on the formation of start-up companies, venture capital and debt financings, mergers and acquisitions, intellectual property licensing, joint ventures and general corporate matters. Mr. Angus represents a broad range of companies from privately held start-up companies to publicly traded corporations. His practice also includes advising entrepreneurs and investors. He earned a J.D. from University of California, Hastings College of the Law. Mr. Angus served as counsel for In-System Design, Inc. in connection with its acquisition by Cypress Semiconductor Corporation. He also counseled Naxon Corporation (Wineshopper.com) on its acquisition of Wine.com, Inc., Micro Focus Group on its $500 million merger with Intersolv, Inc., Junglee Corp. on its $300 million acquisition by Amazon.com, Inc., and Blue Lava Wireless on its $140 million acquisition by JAMDAT Mobile.

Steve Bengston

Steve Bengston is Director, Emerging Company Services at PricewaterhouseCoopers. Before joining Pricewaterhouse Coopers, Steve had 20 years of experience  at several high tech companies in the Bay Area. Most recently, he was CEO of ynot.com, an electronic greeting card company. Previously, he was VP Marketing & Business Development at Worldview Systems, an Internet travel pioneer. At Worldview, Steve helped launch and market Travelocity with Sabre Interactive. Steve has a BA in Economics and MBA from Stanford University. He works closely or sits on the Advisory Board at Bay Bio, the Churchill Club, SVASE, the Entrepreneurs Foundation, Life Science Angels, and the Stanford/MIT Venture Lab.  He hosts the PwC Startup radio show weekly at www.wsradio.com and has taught classes on start-ups at UC Berkeley, Hastings law school, Santa Clara law school, and Stanford, and is active in a variety of other organizations in the Bay Area targeting entrepreneurs and investors.

Jeff Clavier

Jean-Francois “Jeff” Clavier is the Founder and Managing Partner of SoftTech VC, one of the most active seed stage investors in Web 2.0 startups. Since 2004, Jeff has invested in more than 50 consumer Internet companies in areas like social media, communities, search, gaming or consumer infrastructure, almost exclusively in Silicon Valley. With over 20 years of operational, entrepreneurial and venture capital experience, Jeff is able to add relevant perspective and value to his companies as they grow from inception to maturity, and hopefully, success. In 2007, Jeff was recognized as one of the 13 “Web 2.0 King Makers” by (late) Business 2.0, and in 2008, Business Week named him one of "The 25 Most Influential People on the Web". He is often noted for his investments in categories such as “passion-centric communities” or online gaming, or for having sold five of his Web 2.0 startups to the likes of Yahoo, AOL or Hearst Interactive. Prior to founding SoftTech VC, Jeff spent more than 16 years in the enterprise software world as an entrepreneur, senior executive and venture capitalist. Throughout his career, he was exposed to global markets leading development teams in Europe and on Wall Street, designing products sold internationally and investing in software infrastructure startups across the U.S. and Europe. In 2000, Jeff became President of RVC Capital, the firm managing the Reuters Greenhouse Fund with $600M invested in 82 companies, including Yahoo!, Verisign, Phone.com and Infoseek. Jeff was born, raised and educated in France, earning a MS in Computer Science and a research degree in Distributed Computing.

Nat Goldhaber Nat Goldhaber is Managing Director of Claremont Creek Ventures. Nat is the resident expert on energy conservation with a broad interest in areas such as mobile payments and social networking. His focus on this investment field is built on twenty years of experience in IT as: CEO of Cybergold; founder of Centram Systems West; founding CEO of Kaleida Labs and Vice President of Sun Microsystems. Prior to his business career, Nat served as Special Assistant to Pennsylvania's Lt. Governor, William Scranton, III. He ran the state's Energy Agency as its Interim Director. Some past investments include: Ask Jeeves, Shiva and Macromedia. Nat holds a master's degree in Education and is an emeritus member of the Executive Board of the College of Letters and Science at UC Berkeley. He serves on the Advisory Board for the Silicon Valley Association of Startup Entrepreneurs, as a member of the US Secret Service Electronics Crime Taskforce, and is a Board Member of the Federation of American Scientists.Nat lives in Berkeley, California with his wife of 30 years, Marilyn. Their three boys are in college.

Greg Gretsch


Gregory Gretsch
is Managing Director at Sigma Partners. As a former founder and executive of four start-up technology companies, Greg uses his expertise to assist entrepreneurs in building strong businesses. Greg has been in the high-technology industry for more than 20 years. He joined Sigma in 2000, and brings to the firm expertise in new venture creation and marketing. Greg tracks markets that have an impact on both the enterprise and the consumer, including business applications, enterprise infrastructure, storage, Internet services, consumer services, and alternative energy.



David Lee David Lee is a partner at SV Angel LLC, where he focuses on investments within the consumer Internet. Together with his partners, Ron Conway and Brian Pokorny, they make angel/seed investments in the consumer internet and software industries. Companies with which they are currently involved include Twitter, AdMob, Trialpay, Cloudera, Bookfresh and Thread.com. Prior to SV Angel, he spent four years at Google, where he led new business development efforts in video, media and content/data partnerships. After Google, he led all business development-related efforts for StumbleUpon. Recently he was a partner at Baseline Ventures, a leading seed-stage investment firm. He was also an engineer at the MIT Research Laboratory of Electronics and a corporate attorney at Morrison and Foerster representing high-tech companies. He has a BA from Johns Hopkins, a JD from NYU and an MSEE from Stanford. While at Stanford, he was a National Science Foundation Graduate fellow.

 



Event and Registration Information


The program begins with a networking hour at 6:30 PM with complimentary drinks and hors d'oeuvres in the Bank of America Forum at the Haas School of Business. Don't forget the opportunity to "Be a Number" and pitch your idea or company to the crowd!

 

Registration is required. Pre-registration is closed. All registrations must be completed on site at the event. If you are unfamiliar with the UC Berkeley campus, check out the campus map to locate the Haas School on the east (uphill) side of campus.

 



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