Venture Finance SIG: Web 2.0-will the momentum continue 2006 & beyond?
The Monthly Meeting of the Venture Finance SIG
Pre-registration is now unavailable. Please register at the door.
Web 2.0... will the momentum continue 2006 and beyond...?
Our first Venture Finance SIG of 2006 will review the state of Web 2.0 and the VC funding climate for startups in the sector. In 2005, VCs actively invested in next generation Internet, mobile and services companies. Valuations are up and to the casual observer, certain business models may be questionable. So, one may ask, which are some of the more interesting Web 2.0 companies that raised funding last year? What is different about Web 2.0 vs. Web 1.0? What technologies within this sector will be funded in 2006? What businesss models are sustainable and will there be healthy exits for companies funded today? Beyond Google and Skype, what is driving the jump in new investments and new companies in this space?
Join us on Jan 18 for an exciting panel discussion with recently funded entrepreneurs, an industry analyst and two VCs. For the first part of the panel, which will be the majority of the evening, we will focus on broad trends within this sector and address the questions raised above and more. For the second part, the entrepreneurs will provide an overview on their route to funding and some of the hurdles and challenges they faced along the way. We encourage audience participation so there will ample time during the panel to pose questions.
-Seth Sternberg, founder Meebo
-Michael Tanne, CEO Wink Technologies
-Charlene Li, Principal Analyst, Forrester Research
-Ravi Mhatre, General Partner, Lightspeed Venture Partners
-Venky Ganesan, Managing Director, Globespan
Philip Korn, National Practice Leader, Silicon Valley Bank
Seth Sternberg, Meebo.com
Seth is responsible for things business at meebo, which he co-founded with Elaine & Sandy. Prior to meebo, Seth worked at IBM in Corporate Development leading M&A transactions and working on strategy and venture capital initiatives. Seth flies airplanes, rides motorcycles, and rollerblades. Seth majored in Political Science at Yale, and attended Stanford Business School before withdrawing in his second year to pursue meebo.
Michael Tanne, Wink Technologies
Michael is founder and CEO of Wink, a recently launched Web search engine that allows users to search across user-tagged content. By leveraging user opinion, Wink provides current results from what others have found most interesting.
Previously Michael was a founder of AdForce, a leading Internet ad serving company which went public in 1999 and was later acquired by CMGi. Michael was then EIR at RedPoint Ventures, where he founded XDegrees, a provider of solutions for distributed file storage, acquired by Microsoft in 2002. Prior to AdForce, Michael directed product management at Verity, the leader in enterprise search. Previously, Michael was Assistant Director of the Center for Emerging Technology Enterprises in Warsaw, Poland where he helped entrepreneurs create technology companies. His first company was Madenta Communications, a provider of speech and computer access devices for the disabled. Michael is an active investor and advisor to in early stage companies through a small investment fund, Endeavor Group, and serves on the Board of Cloudmark, a leader in anti-spam solutions, and is an investor and/or advisor to LinkedIn, Flock, SimplyHired, Snap and RealTravel. Michael is also Founder and Board Member of Full Circle Fund, a Bay Area non-profit that engages emerging business leaders in philanthropy through grants and hands-on assistance to promising organizations. Michael holds an MBA from Stanford University and a degree in Electrical Engineering from the University of Alberta.
Charlene Li, Forrester
As a principal analyst on the Devices, Media, & Marketing team, Charlene examines the ways new technology will affect how companies deliver information, content, and advertising, as well as how these changes will affect the businesses that provide these services. Charlene’s current research agenda focuses on marketing trends, search engine marketing, media site design, local media, social networking, blogs, RSS, online classifieds, and consumer portals.
Prior to joining Forrester, Charlene was publisher of interactive media for Community Newspaper Company, a group of newspapers in Massachusetts, where she started its award-winning Town Online Web site. In addition, Charlene served on the board of directors for the Newspaper Association of America’s New Media Federation. Before working for Community Newspapers, Charlene was at the San Jose Mercury News, where she managed new product development. This included creating new advertising products and a consumer electronics show. A former strategy consultant for Monitor Company, Charlene is a magna cum laude graduate of Harvard University and holds an M.B.A. from Harvard Business School.
Ravi Mhatre, Lightspeed Venture Partners
Ravi is a founding partner of Lightspeed Venture Partners, and primarily focuses on Internet and software investments. He has ten years of venture capital experience and six years of operating experience. Before joining Weiss, Peck & Greer Venture Partners in 1999, Ravi was with Bessemer Venture Partners, and invested in NetGenesis Software [NTGX], Verio [VRIO], VIA-Networks [VNWI], Webspective Software (acquired by Inktomi) and InCert Software (acquired by Geodesic).
Previously, Ravi ran market development efforts for the engineering workstation division of Silicon Graphics, and also worked at Lehman Brothers and Booz Allen Hamilton. He holds a BS in Electrical Engineering, an AB in Economics, and an MBA from Stanford University. Select investments by Ravi include Extraprise, Fatlens, Kosmix Corporation, LifeMinders (acquired by Ganett/Crossmedia), OpTier, Skybox Security, Totality (adquired by MCI), Virsa Systems and Waveset (acquired by Sun Microsystems)
Venky Ganesan, Managing Director Globespan
Venky is a Managing Director based in Globespan’s Palo Alto office where he focuses on enterprise software and infrastructure investments. His active portfolio consists of investments in Exeros, Fogbreak, Nominum, Plaxo, Sendia, and Steelwedge.
Prior to Globespan, Venky was a Vice President of JAFCO Ventures where he focused on enterprise software investments. Prior to founding Trigo Technologies, Venky was an Associate in JAFCO's Boston office where he envisioned the idea behind Trigo and where the company was incubated at the time of inception. As co-founder and Chief Operating Officer of Trigo Technologies, Inc. Venky played an integral role in helping the company take the leadership position in the product information management space. Trigo was accquired by IBM resulting in a substantial investment return for all investors.
Previously, Venky worked with McKinsey & Co. in their Los Angeles and Johannesberg offices. He also was a program manager at Microsoft's Encarta group. Venky received degrees in Computer Science, Math, and Economics from both the California Institute of Technology and Reed College.
Philip Korn, Silicon Valley Bank
Philip is National Practice Leader for SVB's Emerging Tech Division, which has 2,000+ below the radar non funded clients (angel backed and bootstrapped), most of them in the Bay Area. Philip is also on the bank's Joint Leadership Council. SVB offers banking and other services for technology and life sciences companies nationwide and provides a unique combination of products and services specifically geared towards very early stage companies. These services include access to industry specific entrepreneurial and investor events and referrals to key partners and alliances. Philip has worked at Silicon Valley Bank since 1998 and previously focused on trade finance at commercial banks and the Federal Reserve System. Philip holds a B.S. in Business Administration from the University of Maryland and an MBA from Thunderbird.
DLA Piper Rudnick Gray Cary LLP.
2000 University Ave.(University Circle)
East Palo Alto, CA 94303
Note: These are the tall buildings on the corner of University Avenue and Woodland Avenue on the west side of Hwy. 101. They are in the University Circle complex.
6:30 p.m. - 7:00 p.m. Registration / Networking / Refreshments
7:00p.m.-8:30 p.m. Panel discussion and Pitch Session (starts promptly at 7:00pm)
$20 SDForum members
$30 Non-SDForum members
Pre-registration is now unavailable. Please register at the door.
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