IBF - International Business Forum

Agenda

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Tuesday – June 10, 2014

3:00 PM –
3:20 PM
Conference Registration & Networking
3:20 PM –
3:35 PM
IBF Conference Welcome & Opening Presentation

Venture: Through The Years

Presenter:
Rick Bolander, Co-Founder & Managing Partner – Gabriel Venture Partners, Michigan eLab

3:35 PM –
4:10 PM
GOING FOR THE GOLD: INVESTMENT SECTORS EXAMINED
Keynote Interview

Participants:

Promod Haque, Senior Managing Partner – Norwest Venture Partners
Dan Levitan, General Partner – Maveron

Facilitator:
Jeff Kuhn, Co-Founder & Managing Partner – FLG Partners

4:10 PM –
4:40 PM
RISING SUN: VENTURE INVESTING REBORN: NEW PLAYERS, NEW RULES
Keynote Interview

NEW PLAYERS: LERER HIPPEAU VENTURES OFFERS INSIGHT ON HOW THEY ARE CHANGING THE VENTURE MODEL

Guest Speaker:
Eric Hippeau, Managing Director – Lerer Hippeau Ventures

Eric Hippeau is a Managing Director at Lerer Hippeau Ventures, a leading early-stage venture capital fund focused on New York technology startups. Hippeau is also Chairman of RebelMouse and co-founder of NowThis News. Hippeau is the former Chief Executive Officer of The Huffington Post and a Special Partner at Softbank Capital, where he served as Managing Partner for many years. Prior to Softbank Capital, Hippeau was Chairman and CEO of Ziff-Davis, which was the largest media company serving the technology sector. Hippeau serves on the Board of various private and public companies, including Starwood Hotels and Resorts.

Facilitator:
Michael Kim, Founder & Managing Partner – Cendana Capital

4:40 PM –
5:10 PM
NEW RULES: MOVING GOALPOSTS TO ENSURE SUCCESS
Panel Discussion

Overcoming the series B crunch is at the forefront of investor minds when building a young company in today’s market. Down rounds, bridge deals and sluggish innovation could impact the trajectory of growth. With many series A backed companies ripening for series B, how are venture funds preparing to get companies to the next round of financing? This session will feature three early stage focused funds to discuss approaches to conquering the series B crunch.

Panelists:
Dustin Dolginow, Co-Founder – Maiden Lane
Alex Lloyd, Founder & Managing Partner – Accelerator Ventures
Mark Sugarman, Founder & Managing Partner – MHS Capital

Moderator:
Michael Kim, Founder & Managing Partner – Cendana Capital

5:10 PM –
5:45 PM
IN THE BLACK: REDEFINING GROWTH EQUITY IN 2014
General Session

This session will include seasoned growth equity investors and industry individuals commissioned by the NVCA to redefine growth equity.

Panelists:
Bruce Evans, Managing Director – Summit Partners
Michael DeRosa, Managing Director - Element Partners
Stephen Kelly, Managing Director – BlackRock Private Equity Partners
Woody Marshall, General Partner – Technology Crossover Ventures (TCV)

Moderator:
Jeff Kuhn, Co-Founder & Managing Partner – FLG Partners

5:45 PM –
6:45 PM
Cocktail Reception
Hosted By:

 FLG Partners 2014

Wednesday – June 11, 2014

7:30 AM –
8:15 AM
Conference Registration & Continental Breakfast
8:15 AM –
8:30 AM
THE SECONDARY MARKET: SOLUTION PROVIDER TO THE CHANGING VC INDUSTRY
  • The restructuring of the VC industry and how it will affect you
  • Creative secondary solutions for your legacy VC investments
  • Relevant goals of secondary solutions and key drivers of different transaction types

Presentation By:
Charles Stetson, Founder – PEI Funds

8:30 AM –
8:35 AM
IBF Conference Welcome
8:35 AM –
8:50 AM
Chairman’s Opening Remarks

Navin Chaddha, Managing Director – Mayfield Fund

8:50 AM –
9:40 AM
BLURRED LINES: WHAT IS VENTURE?
Defining the new models of VENTURE INVESTING - New Players, New Rules, & New Outcomes

The definition of a venture investor has become blurred, as crossover and corporate players have begun investing in earlier stages of companies. Questions that come to mind include: will the large sums being invested by firms at high valuations present a real alternative to the IPO market? How does a VC seek liquidity? In order to compete, will the VC industry bifurcate into large firms raising billion dollar funds with a multi-stage focus vs pure seed-stage and the artisanal early-stage investor who continue to deploy the sub-$400 million fund? Can both types be successful? This panel will address these pressing issues and offer forecasts for the community as a whole on what to expect for this transformed industry.

Panelists:
Sandy Miller, General Partner – Institutional Venture Partners (IVP)
Charles Moldow, General Partner – Foundation Capital
Navin Chaddha, Managing Director – Mayfield Fund
Neil Sequeira, Managing Director – General Catalyst Partners

Moderator:
Craig Dauchy, Chair, Venture Capital Group - Cooley LLP

9:40 AM –
10:05 AM
CEO STORYTELLING: MYFITNESSPAL

(John Doerr of Kleiner Perkins and Andrew Braccia of Accel are board members/seed investors)

Mike Lee, CEO and Co-Founder of MyFitnessPal, has a story to tell. After almost a decade of rapid growth without raising any venture capital, MyFitnessPal secured 18 mil of seed capital in 2013 by Kleiner Perkins and Accel. Just one of the many CEOs whose vision and resolve proved to pay off in the end, Mike wants to share the CEO perspective on why venture is best. Hear about new models of securing series A from traditional venture firm managers, along with insight on what CEOs really need from a GP partner.

Mike Lee, Co-Founder & CEO – MyFitnessPal

10:05 AM -
10:30 AM
Morning Networking & Refreshment Break
10:30 AM –
11:05 AM
VENTURE RESET: BUILDING A BRAND IN TODAY’S ENVIRONMENT

Panelists:
Aileen Lee, Founder – Cowboy Ventures
Rebecca Lynn, General Partner – Canvas Venture Fund

Moderator:
Leena Rao, Senior Editor – TechCrunch

11:05 AM –
12:00 PM
THE COLLABORATIVE LP: CONSIDERATIONS FOR A MODERN DAY GP + LP PARTNERSHIP

Chapter 1: (11:05 – 11:35 am)

The Honor Roll: Best In Class LP Partnership Models

Trey Hart, Vice President, Private Equity – Northern Trust
Kate Mitchell, General Partner – Scale Venture Partners
Elizabeth “Beezer” Clarkson, Managing Director – SAP Ventures
Lisa Edgar, Managing Partner – Top Tier Capital Partners

Moderator:
Marianne Winkler, Senior Tax Director, Core Tax Services – BDO

Chapter 2: (11:35 – 12:00 pm)
License To Drive: Emerging LPs Delivering Strategic Value

Chris Rizik, CEO & Fund Manager – Renaissance Venture Capital Fund
Tim Schigel, Fund of Funds Manager – Cintrifuse
Carl Stjernfeldt, Investment Partner – Shell Technology Ventures
Shane Goudey, Partner – Cooley LLP

Moderator:
Mahendra Ramsinghani, Author – The Business of Venture Capital

12:00 PM –
12:30 PM
TRUE CONFESSIONS: SUPPORTING VENTURE AS AN LP IN TODAY’S MARKET
Candid Conversation

Speakers:
Atul Rustgi, Partner – Accolade Partners
Tripp Jones, Partner – August Capital

Facilitator:
Peter Kehrli, Principal – Rothstein Kass

12:30 PM –
1:10 PM
Networking Luncheon Reception
Hosted By:

Cooley

1:10 PM –
1:50 PM
TIA – The Innovator Awards Ceremony
Presented By:

BDO

2014 Finalists

The Big Idea Award

The most disruptive business model in the past 12-18 months

CoinBase
MyFitnessPal
RingCentral

The MVB/Most Valuable Board Member Award

The board member who’s been the most active in helping a company and supporting the CEO in the past 12-18 months

Jon Callaghan – True Ventures (FitBit)
Kevin Spain – Emergence (Doximity)
Steve Krausz – U.S. Venture Partners (box)

The Rising Star Award/ Young VC

Young VC that has made a splash in the venture community in the past 12 – 18 months

Kevin Rose, Partner – Google Venture
Ben Fu, Partner – Next World Capital
John Locke, Partner – Accel

The Risk Master Award

The riskiest investment that paid off in the past 12 – 18 months

Meyer “Mickey” Malka – Ribbit Capital (CoinBase)
Hurst Lin – DCM (58.com)
Rob Coneybeer – Shasta, Kleiner (Nest)

The Social Impact Award

Up-and-coming start-up with the greatest potential to improve human lives in the past 12 – 18 months

MyFitnessPal – Investor: Kleiner, Perkins Caufield & Byers
Jiff – Investor: Aberdare Ventures
Aloha, Inc. – Investors include: First Round Capital, Highland Capital Partners & Khosla Ventures

The Best Incubator Award

The best program to support entrepreneurial development in the past 12- 18 months

yCombinator
TechStars
AngelPad

The Unique IPO Award

Ground-breaking public offering from the past 12-18 months

Aratana Therapeutics – Investor: Avalon Ventures
Zulily – Investor: Maveron, LLC
Bluebird Bio – Investors: ARCH Venture Partners, Easton Capital & Forbion Capital Partners

1:50 PM –
2:25 PM
PERSPECTIVES ON INVESTING IN VENTURE CAPITAL: C.M. CAPITAL & THE EVOLVING INDUSTRY
Spotlight Interview

Operating since 1969, C.M. Capital Corporation is a member of the Cha Group of companies (“Cha Group”), owned and operated by the Cha Family. The organization serves as the family’s U.S. family office and has consistently invested in venture for several decades.

Bruce W. Madding has been the the President, Chief Operating Officer, and Chief Investment Officer at C.M. Capital Corporation for the past 5 years. Previously, Mr. Madding served as the Senior Vice President, Chief Investment Officer, and Chief Financial Officer at Henry J. Kaiser Family Foundation since 1988.

Bringing over 30 years of experience, Bruce will share insight on how the venture industry has evolved, why LPs should stay the course, and how C.M. Capital continues to place their bets in next-gen fund managers.

Guest Speaker:
Bruce Madding, President, CEO & CIO – C.M. Capital

Facilitator:
Pui-Wing Tam, US Technology Editor - Bloomberg

2:25 PM –
3:00 PM
THE LOYALIST: SOFTTECH'S APPROACH TO SERIES A
Fireside Chat

SoftTech VC is arguably the most established seed VC firm in Silicon Valley, having closed 150 investments since 2004. An early angel investor in Web 2.0, Jeff and his team have backed successful startups like Mint (Intuit), Kongregate (GameStop), Brightroll, Milo (eBay), Wildfire (Google), Bleacher Report (Turner), Fitbit, Eventbrite, Sendgrid, Fab, Poshmark and Class Dojo. The portfolio has also seen acquisitions by Groupon, Twitter, Facebook, Yahoo and AOL. The firm is currently investing out of its $55M Fund III, making 20 commitments of $500K per year in mobile/cloud saas, monetization infrastructure, marketplaces and e-commerce. Jeff and SoftTech has redefined how you do seed – hear Jeff’s perspectives on investment strategies and management styles to ensure success.

Guest Speaker:
Jeff Clavier, Founder & Managing Partner – SoftTech VC

Interviewer:
Connie Loizos, Founder & Managing Editor – Strictly VC

3:00 PM –
3:20 PM
Afternoon Sweet Bar & Networking Break
3:20 PM –
3:35 PM
VENTURE COMPENSATION SURVEY RESULTS

The Venture Conference 2014 Compensation Survey Results

Presenter:
Jody K. Thelander, Founder & CEO – J.Thelander Consulting & Surveys

3:35 PM –
4:15 PM
HIGHER EDUCATION: INTEL CAPITAL SPEAKS OUT ON NEW MODELS OF VENTURE INVESTING
Spotlight Speaker

Arvind Sodhani, President – Intel Capital

Interviewer:
Connie Loizos
, Founder & Managing Editor – Strictly VC

4:15 PM –
4:55 PM
THE DARK HORSE: HOW ARE CORPORATES FILLING THE VENTURE GAP

With over 750 global corporate venturing units currently in play to support innovation by filling the early stage funding gap, CVCs are largely considered to be the strongest syndicate partner to venture fund managers. This panel will explore how today’s CV program managers are making direct investments, working with GPs, and offering resources to grow young companies.

Panelists:
Dave Stevenson, Managing Director – Merck GHIF: Global Health Innovation Fund
Arvind Purushotham, Managing Director – Citi Ventures
Fred Wang, General Partner – Trinity Ventures
Ullas Naik, Founder & General Partner – Streamlined Ventures
Kevin Rooney, Partner – Cooley LLP

Moderator:
Hitesh Shah, Director – BDO

4:55 PM –
5:30 PM
THE STRAIGHT STORY: ANGELLIST + VENTURE CAPITAL
Industry Interview

Topics include:

  • Syndicates and what it means for VC
  • The fact that LPs are now starting to invest in AngelList
  • Who is investing and using AngelList (datapoint presentation)

Guest Speaker:
Kevin Laws, CIO – AngelList

Interviewer:
Mahendra Ramsinghani, Author – The Business of Venture Capital

5:30 PM –
6:30 PM
Evening Cocktail Reception
Hosted By:

Rothstein Kass 2014