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SDForum Quarterly Venture Breakfast with Pillsbury Winthrop

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    Registration for this event is now closed. Please register at the door.

    Steve Bengston's slides are available here.

    January 'Quarterly Venture Breakfast' Notes by Linda Holroyd
     

    Event Description: "2008 Scorecard"

     We’re excited to deliver, with Pillsbury Winthrop, the third annual Quarterly Venture Breakfast Series, focusing on the "2008 Scorecard."

    Venture investing has been relatively stable with 7 straight years between $22-30 Billion invested annually in the US. That streak is in jeopardy in 2009. Our panel will examine a number of issues facing the venture industry in 2009, including:

    · Is the venture model broken? With a dead IPO market and few big M&A deals, can the venture industry return sufficient capital to warrant $30B of investment annually by LP's?

    · What will be different in 2009? Is 2009 the new 2001?

    · Clean Tech is still the new, new thing, but in a world of capital efficiency, how will it be affected?

    · Where are valuations headed? Are all deals ‘Series A’ now?

    8:00am-8:30am Registration and Breakfast
    8:30am-8:45am Introductions
    8:45am-9:00am Overview with Steve Bengston
    9:00am-9:45am Panel Discussion
    9:45am-10:00am Question and Answer

    Steve Bengston, Pricewaterhouse Coopers
    Asheem Chandna, Greylock Partners
    Peter Sonsini, NEA
    Sharon Wienbar, Scale Venture Partners
    Rich Wong, Accel Partners
    Moderator: Allison Leopold Tilley, Pillsbury Winthrop

    Steve Bengston, PriceWaterhouseCoopers,  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.

    Asheem Chanda, Greylock Partners. Asheem joined Greylock in 2003. His areas of interest include enterprise infrastructure, software and services and he has invested in companies in cloud computing, data center, electronic payments, networking, management, security and virtualization.

    Asheem's current company boards and investments include Imperva, Palo Alto Networks, TechProcess and Xsigo Systems. He is also on the board at Sourcefire (Nasdaq: FIRE). He was previously on the boards at CipherTrust (acquired by Secure Computing), NetBoost (acquired by Intel), PortAuthority Technologies (acquired by Websense) and Securent (acquired by Cisco). 

    Prior to joining Greylock, Asheem spent over fifteen years in industry operating roles helping create, grow and lead multiple technology businesses and product lines to market leadership positions. Most recently, Asheem was vice-president of business development and product management with Check Point Software Technologies. During his 6+ year tenure, Check Point grew from $10M to $500M+ in annual revenues. Asheem founded the business development and product management organizations, led corporate marketing during high growth years, and directed Check Point's product/business strategy, product management and industry partnerships. Asheem is also credited with creating, growing and leading Check Point's OPSEC Alliance into the largest and most successful security partner program in the IT industry. Prior to Check Point, Asheem was vice-president of marketing with CoroNet Systems (a venture-backed startup acquired by Compuware), where he helped create and define a new product category for application-aware network monitoring. Previously, Asheem held strategic marketing and product line positions with SynOptics/Bay Networks and AT&T Bell Laboratories. During his 3+ year tenure at SynOptics/Bay, the company grew from $175M to $900M+ in annual revenues. At AT&T, Asheem represented AT&T on the ISO and IETF standards committees for management protocols.

    Asheem is a Charter Member of TiE Silicon Valley. He is on the Advisory Board and Program Committee for the RSA Conference and is on the Panel of Judges for the Wall Street Journal Global Technology Innovation Awards.

    Born and raised in India, Asheem holds B.S. and M.S. degrees in electrical and computer engineering from Case Western Reserve University.  

    Allison Leopold Tilley, Partner, Pillsbury Winthrop 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.

    Peter Sonsini, Partner, Investing Area: Information Technology, NEA. Pete joined NEA in 2005, specializing in software, systems and technology-enabled services companies. His current board memberships include Compiere, Conviva, Limbo, and Teracent and he led NEA’s investment in Xensource (acquired by Citrix Systems). Pete has 10+ years of operating experience in Silicon Valley that spans executive sales, marketing and finance roles. Prior to joining NEA, Pete was on the executive team at VMware where he built the company’s initial strategic alliances and grew annual sales through OEMs from $0 to $40 million in four years. Prior to VMware, Pete was one of the first hires on the business side at Mirapoint, where he ran product management. Pete also served in various sales and marketing positions in Hewlett-Packard’s server division, including Worldwide Product Manager for the mid-range server business. Pete began his career at Montgomery Securities where he was an Associate in the firm’s Technology Corporate Finance group. Pete received his MBA from the Kellogg School of Management at Northwestern University, and his BA from the University of California, Berkeley.

    Sharon Wienbar, Managing Director, Scale Venture Partners. Sharon invests in mobile, internet, and enterprise software companies at Scale Venture Partners, which she joined in 2001. Sharon sits on the Boards of Biz360, Facetime Communications, Glu Mobile, MerchantCircle, PlayPhone, Reply!com and Waterfront Media.

    Prior to Scale VP, Sharon spent 15 years at Critical Path, Amplitude Software, Adobe Systems and Bain & Company. Among her varied responsibilities, she directed marketing strategies and operations, integrated product and service businesses following acquisitions, managed the application of technology to Pacific Rim and European markets, and negotiated complex intellectual property licenses.

    Sharon holds a BA and MA in Engineering from Harvard University, and an MBA from the Stanford Graduate School of Business. Sharon also serves on the Board of Directors of the non-profit Myelin Repair Foundation and on Microsoft's Venture Advisory Committee.

    Price for Event: 

    $20 for Members
    $30 for Non-Members
    $0 for Platinum Members

    Location:

    Pillsbury Winthrop Shaw Pittman LLP
    2475 Hanover Street
    Palo Alto, CA 94304

    The Quarterly Venture Breakfast Series is brought to you by SDForum thanks to its sponsor: