SDForum Quarterly Venture Breakfast with PWC
In this 3rd Venture Breakfast in collaboration with PWC, the panel will be discussing Trends in late stage financings.
Do valuations make sense?
What sectors are hot and which ones are not?
Is this a good time to be a late stage investor?
The 4th Venture Breakfast series will be January 8, 2008, and will cover the topic of life sciences investing.
Moderator: Allison Leopold Tilley, Pillsbury Winthrop
- Steve Bengston from PWC
- Paul Longhenry from 3i Venture Capital
- Matt Niehaus from Battery Ventures
- Bill Shaw from NASDAQ
- Allan C. Thygesen from The Carlyle Group
- Sharon Wienbar from SCALE Venture Partners
$20 for SDForum members
$30 for non-SDForum members
No Charge for SDForum Platinum Pass Members
Pillsbury Winthrop Shaw Pittman LLP
2475 Hanover Street
Palo Alto, CA 94304
About the Speakers
Steve Bengston runs the Emerging Company Services (ECS) group at . 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.
Paul Longhenry is a Director with . He joined 3i from Sonim Technologies, a 3i portfolio company and leader in the market for wireless VoIP services. During three years with Sonim, Paul served as the Vice President of Corporate and Business Development and was responsible for the company’s global partnerships across a wide range of network equipment providers, wireless handset vendors and commercial distribution channels.
Paul has prior experience with 3i as well, having served as a Senior Associate in the firm’s Menlo Park team from 2001 to 2003. During that time Paul focused on investments in wireless applications, infrastructure and services. Prior to 3i, Paul focused on later stage leveraged buyout opportunities in the telecommunications sector as an investor with The Yucaipa Companies, a $1B private equity firm in Los Angeles. Paul also worked as an investment banker with Bear Stearns, specializing in mergers and acquisitions and graduated magna cum laude in Finance and Economics from the University of Southern California.
Matt Niehaus, Partner at - Matt joined Battery in 2007 and focuses on investments in communication services and infrastructure technologies. His previous work experience combines both private equity and entrepreneurial roles. Prior to Battery, Matt was Director of Strategic Development at VeriSign, which he joined VeriSign in 2005 when it acquired R4 Global Solutions, Inc, a leading RFID (radio frequency identification) technology firm that Matt co-founded. Previously, Matt was an investor at Telegraph Hill Communications Partners, a firm he co-founded, as well as at J.P. Morgan Capital. At both firms, he concentrated on the communications and technology sectors, investing a total of $233 million in nine companies. These investments produced $583 million in gross proceeds and an internal rate of return of 71%. Matt’s investments included Columbia River Cellular, Triton Cellular, TritonPCS, Lightship Communications, New South Communications, NeoWorld and CallVision. He graduated cum laude from Dartmouth College with a B.A. in History.
Bill Shaw is a Senior Managing Director for based in Menlo Park, California. Mr. Shaw’s primary responsibility in the Global Capital Markets department is developing client relations with global advisory institutions driving private companies to the public markets, including investment banking, financial sponsors and corporate advisors. This new team is the center point of communications within Nasdaq and is also involved in the business development of the company. Since 2003, Mr. Shaw has held various positions within Nasdaq including working with CEO’s and CFO’s of Nasdaq listed companies in the Western United States and Canada, in the firm’s Corporate Client Group. Additionally, he has worked in the Listings Group specifically concentrating on the development of relationships in the private company banking and sponsor firms of the private investment and development of regional networking events and conferences to support the listings team.
Allan C. Thygesen, is a Managing Director of where he focuses primarily on U.S. venture and growth capital investment opportunities. He is based in the firm's San Francisco office.
Prior to joining Carlyle in February 2001, Mr. Thygesen served as the Executive Vice President, Sales and Business Development of Wink Communications, Inc., a provider of an end-to-end software platform for interactive television services. Mr. Thygesen joined Wink in July 1996, and developed and led Wink's relationships with Wink's largest cable and satellite operator customers, broadcast and cable networks, advertisers and advertising agencies, and consumer electronics manufacturers. At Wink, Mr. Thygesen also served as Interim Chief Financial Officer in preparation for the company's initial public offering (NASDAQ: WINK) in August 1999.
Earlier, Mr. Thygesen served in a variety of executive, sales, marketing, customer service and finance management roles at Gold Disk, Inc., a venture-backed publisher of personal and corporate productivity software; at Media Vision Technologies, Inc., a multimedia hardware manufacturer and publisher of CD-ROM entertainment software; at Pellucid, a venture-backed start-up developing 3D graphics hardware acquired by Media Vision in May of 1993; at Everex Systems, a manufacturer of personal computers and peripheral products; and at Radiometer A/S, a manufacturer of medical measuring equipment.
Mr. Thygesen received an M.Sc. degree in economics from the University of Copenhagen and an M.B.A. degree from the Stanford Graduate School of Business, where he graduated as an Arjay Miller scholar. The Carlyle investments with which he has been actively involved include Air2Web, Archetype Solutions, Canesta, Indigo Systems (acquired by Nasdaq: FLIR), Rhythm NewMedia, SMaL Camera (acquired by NYSE: CY) and TradeBeam .
Allison Leopold Tilley, a partner at , 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-head of the Firm’s Information Technology Practice Team, Head of the Silicon Valley Business and Technology Group and co-head of the Southeast Asia Specialty Team.
Sharon Wienbar, invests in mobile, internet, and enterprise software companies at , which she joined in 2001. Sharon sits on the boards of Bellamax, Biz360, Facetime Communications, Glu Mobile, Merchant Circle, PlayPhone and Reply.com.
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 the non-profit .