Venture Finance SIG: POSTPONED -Recession or not: What will be the impact on raising venture capital
NOTE: THIS EVENT HAS BEEN POSTPONED.
The Monthly Meeting of the Venture Finance
“Recession or not: What will be the impact on raising venture capital”
Are we in a recession? Many people claim that we are already in one. So the question that many entrepreneurs need to ask and are asking is – What should be our fundraising strategy?
We have seen similar situation back in the 2001-2003 days when it was very difficult to raise venture capital. Are things going to become that bad again in days to come? Even if the situation may not be as severe as back then, one needs to keep in mind the tribulations that could be ahead. The panel will focus on answering the following questions:
1. Does it appear that the number of venture deals done will go down in the near future?
2. What should the entrepreneur do in order to go through the tough times ahead – raise money right now, raise more money than one would need?
3. How does one choose a venture capital firm? Will they stick with the company in the tough times?
4. What operational changes should a company bring into its operations to make sure that they emerge a winner?
Jayaram Bhat, CEO, Zenprise, VP Mercury Interactive
Jeff Clavier, General Partner, SoftTech VC
Mark Stevens, Partner, Fenwick & West LLP
Sachin Maheshwari, Opus Capital
Information on the speakers:
Jayaram Bhat, CEO Zenprise
Jayaram has over 23 years of marketing experience in high technology companies. Prior to Zenprise, Jayaram consulted with CEOs of Information Technology companies in developing and managing the execution of breakthrough business strategies as well as helping to raise venture funding. Recent clients include VA Software (Nasdaq: LNUX), Euclid, CenterRun Software, and Tealeaf Technology.
Between 1993 and 2001 Jayaram was the Vice President of Marketing of Mercury Interactive Corporation. As a member of Mercury Interactive's executive team, Jayaram helped lead the company from a pre-IPO stage with $13 million annual revenues to a dominant enterprise infrastructure software powerhouse with $361 million revenues in 2001 and a 60%+ market share with a market capitalization of over $6Billion.
Prior to Mercury Interactive, Jayaram served in various marketing and sales management positions at Cadence Design Systems, EDA Systems, and Daisy Systems. He started his career in 1980 at Intel as the product manager of the Intel 286 processor. He holds a BS in Electrical Engineering and a MS in Operations Research from universities in India and an MBA from the University of Texas at Arlington.
Besides Zenprise, Jayaram serves on the boards of Tealeaf Technology and Electric Cloud.
Jeff Clavier, Managing Partner, SoftTech VC
Based in Palo Alto, California, 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 20 consumer Internet companies developing new concepts (such as social media) or revisiting “old” ideas with a new set of economics and technologies. In 2007, Jeff was recognized as one of the 13 “Web 2.0 King Makers” by Business 2.0, and is often noted for his investments in categories such as “passion-centric communities,” or for having already sold five of his companies in the past two years through successful M&As. Jeff’s 19 years of operational, entrepreneurial and venture capital experience enable him to add relevant perspective and value to the companies in which he invests.
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.
Mark Stevens, Partner, Fenwick & West LLC
Mr. Stevens represents companies, ranging from newly formed startup teams to mature public companies, venture capitalists and investment banks involved in the information technology industries, with particular focus on complex transactions. As a lawyer and a business principal, Mr. Stevens has led teams handling merger, acquisition and divestiture transactions with total announced value well in excess of $20 billion. He has directed dozens of initial public offerings and hundreds of strategic alliance transactions, ranging from technology and distribution partnerships to multinational joint venture transactions.
Mr. Stevens is listed in Best Lawyers in America for corporate law, leveraged buyouts and private equity, in Euromoney’s Legal Expert Guides as one of the top M&A attorneys in California and is named by Chambers USA and Chambers Global as one of the top corporate attorneys in California, in Legal 500 as one of the top attorneys in the U.S. for Interactive Entertainment, and in Law & Politics as one of northern California's "Super Lawyers."
Sachin Maheshwari, Opus Capital
As a senior associate at Opus Capital, Sachin Maheshwari works with the investment team on sourcing and evaluating investment opportunities.
Sachin brings both technology and business expertise to Opus. He has had engineering and product management roles at EFI, Inc. and Unimobile, a wireless startup acquired by EFI. As Project Lead at Unimobile, Sachin helped grow the offshore Indian development team from 10 to 25 people, meanwhile helping Unimobile acquire more customers. He later joined the Corporate Strategy group at EFI in a strategic planning and execution role, developing the channel strategy for EFI products. He has also worked as a summer consultant for the Boston Consulting Group in San Francisco as part of a team evaluating the sales and marketing effectiveness of a large software company.
Sachin holds an MBA from The Wharton School, University of Pennsylvania, where he was a Palmer Scholar. He also has a B.Tech. degree in Computer Science from the Indian Institute of Technology in Kanpur, India.
Sachin serves on the advisory board for Silicon Valley Association of Startup Entrepreneurs (SVASE) and is also the Venture SIG Chair for the Software Development Forum (SDForum).
DLA Piper 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
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