VF SIG: 2002 Angel Investor Update



  • Where Are They? What Are Their Terms? Come and participate in an interactive discussion with a panel of active angel investors and companies that have raised angel funding in 2002.


    Libby Alumbaugh (bio) - CompassAI

    Chuck Boggs (bio) - International Angel Investors

    Bob Bozeman (bio) - Angel Investors LP

    Jay Kimmelman (bio) - Edusoft

    Alexander Lloyd (bio) - Accelarator Venture Partners, LLC

    Randy Williams (bio) - Keiretsu Forum



    Tom Cervantez (bio) - Thelen Reid & Priest, LLP


    Program Overview

    2002 Angel Investor Update - Where Are They? What Are Their Terms?

    Come on down to SDForum's Venture Finance SIG, and participate in an interactive discussion with a panel of active angel investors and companies that have raised angel funding in 2002. If you are going down that path this could be a great event to get hands on data points to help you plan for the issues that angels now want addressed before they put in that $100k to $1million investment.

    Key Areas To Be Addressed:

    • Where have all the angels gone?
    • What is new in Series A/B terms for angels?
    • What is new in Note/Warrant terms for angels?
    • What are the new norms for early stage valuations?
    • How to you raise an angel round in today's environment?
    • How do you build the angel syndicate?
    • What are the key angel concerns now?
    • What are the new hot investment areas for angels?
    • How do you select "good" angels?
    • How do you interest angels in the recap/restart company?


    About the Panelists and Moderator


    Libby Alumbaugh at CompassAI

    As Compass A.I.'s product visionary and founder, Libby has a consistently successful track record of leading business and operations activities that result in increased revenues, identification and optimization of e-Business efforts as well as leading an idea from concept phase to successful product offering. Her background includes executive management roles at startup, emerging and multi-national companies. Libby's hands on experience includes strategic business analysis, market & product analysis, product design, business case/justification, partnerships & alliances, customer acquisition and retention, and operations & general management. A few of her prior roles include: Chief Operating Officer/ VP of IT - Westin Engineering, VP Operations - TechPlanet, Inc., VP Product Architecture - Per-Se' Technology.

    [email protected]


    Charles R. Boggs at International Angel Investors

    Charles R. Boggs, President San Francisco Chapter of International Angel Investors, and a consultant who works with clients to maximize shareholder wealth through creating and converting value from their Intellectual Capital. Mr. Boggs brings extensive experience in sales and marketing, funding strategy and corporate development to bear on behalf of his clients. Mr. Boggs has started and developed several early stage companies and been a corporate officer in publicly traded high technology companies. He works closely with development stage client companies to develop high powered management teams by utilizing Intellectual Capital Conversion methodologies.

    Mr. Boggs is a co-founder of Centegy Corporation, an Internet business solutions provider focused on the Supply Chain Management market. Previously, as Vice president of NovaLink USA, he sold designed and managed the development of more than 60 Website projects for clients; American Express Travel Services, Harvard’s Deaconess Medical Center, Digital Equipment Corporation, Liberty Mutual Insurance, Meissner & Wurst GMBH, Norton Corporation and Silicon Valley Bank. Prior to joining NovaLink Mr. Boggs was the Principal of Boggs & Associates Management Consultants and performed strategic marketing, organization and planning engagements for over 18 high-technology clients. Projects included market research and analysis, technology search and transfer, as well as sales consulting and training. Mr. Boggs’ Telecommunications and Management career spans more than 25 years during which he has authored several articles on Telecommunications Management and Technology.


    Bob Bozeman at Angel Investors LP

    Bob Bozeman is an angel investor and venture capitalist with extensive management experience in high-technology enterprises, including:

    • 12 years as CEO/President or GM in software, information technology/services and computer supplier industries (including Vetronix Sales Corporation, Altos Computer Systems, and Natural Language Incorporated)
    • 5 years as Vice President in very high growth Fortune 100 Corporation contributing to growth in revenue from $50 million to $2.7 billion (Wang Laboratories)
    • Founder of two high-tech businesses (Library Systems and Bozemans', Inc.)
    • Turnaround restructuring (Fortune Systems)
    • Technical skills in software engineering
    • Strategic marketing focus emphasizing inter-personal skills to create organizational purpose and teaming
    • Ability to evaluate business opportunities, hone positioning strategies and execute operational business plans


    • Graduate of University of Cincinnati (Distinguished Alumnus Award) and Northeastern University
    • President, Diablo Ventures Alliance (SF East Bay non-profit area entrepreneurial development)
    • Advisor, Moore, Clayton & Co, (London)
    • General Partner, Angel Investors, LP (Funds I and II)


    Jay Kimmelman at Edusoft

    Kimmelman's present company, San Francisco-based Edusoft, Inc. was founded with the mission to use the power of modern technology to attack the bottom line of education: helping teachers teach and students learn. Edusoft's technology platform puts in the hands of educators the tools to make an unprecedented level of data-driven decisions about the education of their students. At the core of this platform is the Edusoft Assessment Engine - a unified suite of tools for teachers and administrators that simplifies and improves the process of creating in-class exams aligned to standards, grading them and taking action based upon the results. Edusoft aspires to help educators reinvent the instructional process and repackage educational resources in a platform that leverages the best properties of the web to target a substantial portion of the $14 Billion instructional resources market.

    Kimmelman has worked extensively as a strategy consultant to the computer and electronics industry at Prismark Partners, and through his work there has published several books and reports used at Fortune 500 companies, including a state of the industry report on e-commerce. Kimmelman graduated Phi Beta Kappa with a B.A. in Computer Science (magna cum laude) and Electrical Engineering (summa cum laude) from Harvard University.


    Alexander Lloyd at Accelarator Venture Partners, LLC

    Alexander Lloyd is a founding partner of Accelerator Venture Partners, LLC, a San Francisco-based partnership that invests in and consults with early stage technology companies. Prior to founding Accelerator Venture Partners, Alexander was the Business Development Manager in Microsoft's Palo Alto office responsible for Microsoft's relationships with the Silicon Valley and West Coast venture capital community. Previously, Alex worked as a Product Marketing Manager in SGI’s workstation division. He has also held marketing positions at Activision and Apple Computer. Alex began his career at Goldman Sachs, where he spent three years as a financial analyst. He has a B.A. in International Relations from the University of Pennsylvania and a MBA in Entrepreneurial Management from The Wharton School. He is also on the board of Contemporary Extention (CX) at SFMOMA; founder of SMAC (San Francisco Media Arts Council) and a member of the Full Circle Fund.


    Randy Williams at Keiretsu Forum

    1996 Randy Williams founded the WilliamsCompanies, an Investment and Advisory firm specializing in Real Estate and Technology Investment Banking. In the Real Estate sector he has represented and closed over $2B in the United States and Canada primarily with technology companies. The scope of his work has included portfolio dispositions to complex sale-leaseback transactions and cross border sales assignments. In the Tech sector the company acts as a venture catalyst that funds early round investments in the business to business e-commerce sector. Mr. Williams has over 25 years of experience in finance, marketing, acquisition, and development. Prior to the The WilliamsCompanies, Randy was President of Pacific Union Commercial. He is a founder of LaMorinda Bank and Managing Director of Kennedy-Wilson International, an international real estate invesment banking firm. Randy graduated with a BS from UC Berkeley and a Masters from St. Mary’s College.


    Tom Cervantez at Thelen Reid & Priest, LLP

    Mr. Cervantez specializes in securities, capital structure planning, private placements, mergers and acquisitions, venture financing and licensing transactions for emerging growth companies, venture funds, and software and hardware computer companies.

    Mr. Cervantez received his Bachelor's in Business Administration, magna cum laude, from Loyola Marymount University in 1986. Mr. Cervantez earned a JD from Harvard Law School and a MBA from Harvard Business School in 1992.

    Mr. Cervantez co-founded the high-technology boutique Britton Silberman & Cervantez, LLP as a partner from November 1997 until that firm was acquired by Thelen Reid & Priest LLP in June 2000. Prior to that Mr. Cervantez practiced law at Pillsbury Madison & Sutro and Cooley Godward.


    Event Logistics


    Online registration has been closed. You may still attend the event by paying at the door.



    Microsoft Main Campus

    1065 La Avenida, Bldg. 1

    Mountain View, CA


    6:30pm-7:00pm registration/networking/refreshments
    7:00pm-8:30pm program (starts promptly at 7:00pm)

    Note: Latecomers who arrive after 7:20pm will not be admitted to avoid disruption of the session.


    $20 SDForum Members

    $30 Non-Members

    $10 to full-time students (not alumni) with valid ID

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