VF SIG: Eight Venture Funds Looking For A Few Good Companies
The Monthly Meeting of the VF SIG
VC Roundtable with Kleiner Perkins Caufield & Byers, Lightspeed Ventures, Sequoia, Onset Ventures, Leapfrog Ventures, Crosslink, Rustic Canyon and Hummer Winblad
Want to pitch? (DETAILS BELOW)
How often do you get these many VCs from top tier funds willing to sit down and go through your issues in a concentrated setting? Not often. So, here is your opportunity to spend time with those that are there, know the process and can help you get through it. Silicon Valley is about building networks and this is a great opportunity for any entrepreneur to do just that and listen to the concerns and objectives of some of the top funds in Silicon Valley when they are considering businesses to fund - AND TO DIRECTLY PITCH YOUR VENTURE IN A LIMITED SEATING ROUNDTABLE ENVIRONMENT.
Roundtable VC Participants
Kleiner Perkins Caufield & Byers - Ajit Nazre (bio)
Lightspeed Venture Partners - Ken Elefant (bio)
Sequoia Ventures - Roelof Boetha (bio)
Onset Ventures - Ben Wu (bio)
Leapfrog Ventures- Pete Sinclair (bio)
Crosslink - Ghazi Benothman (bio)
Rustic Canyon - Alex Lloyd (bio)
Hummer Winblad - Prashant Shah (bio)
- Tom Cervantez (bio), Davis Wright Tremaine LLP - Corporate and Securities Law Group
- Philip Korn (bio), Silicon Valley Bank, National Practice Leader - Emerging Tech
Email your Executive Summary to vfSIG@sdforum.org
We are very excited to have a great group of venture funds agree to spend time, in our round table setting, with a group of deserving entrepreneurs seeking funding and business plan/venture advice. Is this you? We will also allow a limited number of observers to participate - so register early.
Provide a short (4 page maximum) Executive Summary or brief description of your startup. Please make sure to include founder bios and stage of company (R&D, beta, revenues). Early submissions exec summaries required, no later than end of business on 5/14.
About the Presenters
Kleiner Perkins Caufield & Byers
Ajit joined Kleiner Perkins Caufield & Byers in August 2003. His areas of investment include enterprise software and services, material science pertinent to energy, environment and life sciences.
Before joining KPCB, Ajit was with SAP for 5 years. He started working for SAP in 1998 as Assistant to the CEO, Chairman and cofounder, Dr. Hasso Plattner. Ajit played a key role in formulating and executing SAP's internet strategy (mySAP.com). In 1999, he helped SAP partner with several US based technology companies, including TopTier (which was later acquired by SAP), Tibco, CommerceOne, and others. He co-founded SAPMarkets, a fully owned company of SAP, focused on Marketplace applications and technology. As Vice President and later MD of SAPMarkets Americas, Ajit grew the business from 0 to $100 million in six quarters.
After SAPMarkets was reintegrated into SAP in May 2002, he laid the foundation for SAP Inspire - SAP's New Venture Unit. SAP Inspire is responsible for creating new businesses within SAP. SAP Inspire initiated ten venture projects within a year from inception.
Prior to SAP, Ajit worked for six years in the medical device industry. From 1991 till 1995 Ajit worked at Zimmer, Inc., a division of Bristol Myers and Squibb. As a development engineer he oversaw the introduction of 3 new product lines in 2 years. At Mathys AG (Synthes) in Switzerland, Ajit was Group Manager for Business Development and Product Management from 1995 to 1997.
Ajit has an undergraduate degree in Mechanical Engineering from the College of Engineering Poona, India. He holds a M.S. in Mechanical Engineering from the University of Michigan, a Ph.D. in Biomechanics from the Technical University of Hanover, Germany, and an MBA from the Harvard Business School.
Ajit holds seven U.S. and four European patents and has published/presented over 15 articles in peer-reviewed journals and conferences.
Lightspeed Venture Partners
Ken primarily focuses on enterprise software and infrastructure investments. Before joining Lightspeed in 2001, Ken was a Senior Associate at Battery Ventures where he also focused on software.
Previously, Ken worked at Radius Inc. as Director of International Sales and Marketing and a member of the Radius executive staff. He has also held various marketing and business development positions at Claris Corporation and RealNetworks. He holds a BS in Economics from the Wharton undergraduate division at the University of Pennsylvania and an MBA from Harvard Business School.
Roelof Botha focuses on services and software investments. He is currently a Director of Luxim and is involved with Sequoia portfolio companies including Open-Silicon, Next Estate and Wideray. Prior to joining Sequoia Capital in 2003, Roelof served as the Chief Financial Officer of PayPal, an online payments company which eBay acquired in October 2002. Earlier, he worked as a management consultant for McKinsey & Company. Roelof is a certified actuary (Fellow of the Faculty of Actuaries), and has a B.S. in Actuarial Science, Economics, and Statistics from the University of Cape Town and an M.B.A. from the Stanford Graduate School of Business.
Ben Wu joined ONSET Ventures in 2003. He brings experience in product management, product marketing, engineering management and software development from a variety of small and large software companies, including E.piphany, Affinia, Adobe, and Decision Architects. Immediately prior to ONSET, Ben was instrumental in the product management and product marketing of the E.piphany Marketing product line, as well as spearheading several new product development initiatives while at E.piphany.
At ONSET Ventures, Ben specializes in enterprise applications and infrastructure software investments. Ben earned a B.S. in Computer Science from Stanford University, where he was elected a member of Phi Beta Kappa, and an MBA from Stanford University. Ben has also played active roles with several non-profit groups including Start Up, an organization assisting entrepreneurs and small business owners in underprivileged communities.
Mr. Sinclair brings over 20 years of senior operating and venture capital experience to the Fund. He has run and successfully sold companies to Microsoft, Novell, and Adobe/Frame, and has participated in two IPOs. He has also raised money from and worked for some of the top venture capital firms.
Pete previously was the President and CEO of Intrinsa, a venture capital funded software company. He was recruited by the VCs to turn around this three-year-old venture that had spent $16 million in venture funds but was far from meeting expectations. In less than a year, he successfully turned the company around and sold it to Microsoft for a significant gain for all of the venture investors.
Prior to Intrinsa, Pete was President and CEO of Smart Valley, a non-profit organization focused on implementing a high-speed information infrastructure throughout Silicon Valley, and developing Internet applications to demonstrate the value of such an infrastructure. His major accomplishments at Smart Valley include raising $110 million, increasing the percentage of networked Silicon Valley classrooms from 17% to 82% in less than a year, procuring and distributing 9,000 Internet ready PCs to selected visionary teachers, and worked with local businesses and governments to develop showcase Internet applications such as on-line voter guides and electronic building permitting. His Board of Directors included John Young (HP), Regis McKenna, Eric Benhamou (3com), Roel Pieper (Tandem), Les Vadasz (Intel), and Bill Davidow. Member companies included virtually all of the leading communications and computing companies, including Microsoft, Sun, Apple, HP, 3com, Intel, AT&T, Lucent, and Pacific Bell.
Before Smart Valley, Pete arranged and negotiated the sale of Mastersoft, a software company, to Frame/Adobe for more than double the founder's financial objective. Previously, he was President and CEO of another venture-funded software company, Software Transformation, which he successfully sold to Novell. Pete has also worked as a venture capitalist for Burt McMurtry at TVI and has held senior marketing and sales executive management positions at Software Publishing Corporation, Apple Computer, and Hewlett-Packard.
A Silicon Valley native, he currently lives in Woodside where he just finished a second term as Mayor and is twice elected member of the Town Council. He has a B.S. in Engineering from the Massachusetts Institute of Technology, where he completed his studies in 3 years and graduated in the top 10% of his class. He is also a graduate of Stanford Business School's Executive Program for Small Company Presidents.
Ghazi joined Crosslink in 2001 and evaluates venture capital opportunities in core technology/semiconductors. Prior to joining Crosslink Capital in 2001, Ghazi was a Junior Analyst in Equity Research at Deutsche Banc Alex Brown. Prior to Deutsche Banc, Ghazi worked at Dell Computer and with Motorola's PowerPC division. Ghazi received his BS in electrical engineering from University of Minnesota and his MS in computer engineering from University of Southern California.
Alexander Lloyd joined Rustic Canyon as a Venture Partner in 2003. Before joining Rustic Canyon, Alexander was founding partner of Accelerator Venture Partners, a San Francisco-based partnership that invests in and consults with early stage technology companies. Alexander has made investments in a broad range of technology startups including Connectify, which was acquired by Kana (Nasdaq:KANA), Vykor, Vivato, and Cloudmark. Prior to founding Accelerator Venture Partners, Alexander was the Business Development Manager in Microsoft's Silicon Valley office responsible for Microsoft's relationships with the West Coast venture capital community. Alexander has also worked as a Product Manager in SGI's workstation division and has held marketing positions at Activision and Apple Computer. Alexander began his career at Goldman Sachs, where he spent three years as a financial analyst.
Alexander received a BA in International Relations from the University of Pennsylvania and an MBA in Entrepreneurial Management from The Wharton School. He is also on the board of Junior Achievement of the Bay Area and the founder and president of SMAC (San Francisco Media Arts Council).
Prashant Shah is a Principal of Hummer Winblad Venture Partners. His background includes vast experience defining and launching high-tech products into new markets. Prior to joining Hummer Winblad, Prashant was the Group Product Manager at Entrust Technologies where he oversaw software for authentication and authorization. His experience also includes positions at Cypress Semiconductor where he managed a line of specialty RAM, and AT&T where he held a variety of roles in sales, operations management and product management. Prashant received a BS in Electrical Engineering from the University of Illinois at Urbana-Champaign, and an MBA from the University of Chicago.
Davis Wright Tremaine LLP - Corporate and Securites Law Group
Tom is a Partner in the Corporate and Securities Group of Davis Wright Tremaine LLP in San Francisco. Tom has over 15 years experience working in the securities and finance field, with a focus on helping emerging growth companies, venture funds, and software and hardware computer companies navigate issues concerning securities, capital structure planning, private placements, mergers and acquisitions, venture financing and licensing transactions. Tom has also participated at an operating level at several companies, including a venture fund, boutique investment bank and an ISP. Tom's most recent venture was the formation of Britton Silberman & Cervantez LLP, which was acquired in June of 2000. Tom also runs the Golden Gate Angels investor group in San Francisco, targeting early stage investments in technology, communications and consumer retail ventures. Tom holds a Bachelor's in Business Administration, magna cum laude, from Loyola Marymount University, a JD from Harvard Law School and a MBA from Harvard Business School.
Silicon Valley Bank, National Practice Leader - Emerging Tech
Philip is Northern California Practice Leader for SVB's Emerging Tech Division and a team leader in the bank's Peninsula office based in Palo Alto. His group manages 500 client relationships with technology and life sciences companies 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.
Microsoft Main Campus
1065 La Avenida, Bldg. 1
Mountain View, CA
6:30 p.m. - 7:00 p.m. Registration / Networking / Refreshments
** Latecomers who arrive after 7:20pm will not be admitted to avoid disruption of the session.
$20 SDForum members
$30 Non-SDForum members
Please call 408.494.8378 for student memberships
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