VF SIG: So You Wanna Be a VC?
...the realities of a VC career in 2003.
So You Wanna Be a VC? The Realities of a VC Career in 2003
Sometimes in Silicon Valley, it seems that everyone wants to become a venture capitalist. The VC life is often viewed as lucrative and prestigious. But in the last two years, the venture business has endured big losses, low internal rates of returns, limited liquidity opportunities, staff lay-offs, fund size cuts, and "clawbacks" to limited partners. Despite all of this, our expert panel will include four new venture capitalists from top Silicon Valley firms, all of whom entered the venture business in the last 18 months.
We will hear:
- Why did they become a venture capitalist?
- Why now?
- How did they land a VC job in the last 18 months?
- What is the process involved in joining a top VC firm?
- What is it really like to work in the venture business?
- What is it like to be a new VC in these tough times?
- Where does the venture industry go from here?
- What are the future career paths for today's new VCs?
- What advice do they have for entrepreneurs today?
About the Panelists and Moderator
Elizabeth Bastiaanse at Mayfield
Elizabeth Bastiaanse joined Mayfield as an Associate in September 2001, focusing on early-stage enterprise software companies. Prior to joining Mayfield, Elizabeth was the group program manager for the Pocket PC at Microsoft. Her experience also includes consulting and software development for the transportation industry at ALK Associates and serving as the technical assistant to the CEO at Mobilian, a wireless systems company. Elizabeth earned a B.S.E. in civil engineering and operations research from Princeton University as well as an M.B.A. from Harvard Business School.
Roelof Botha at Sequoia Capital
Roelof Botha joined Sequoia Capital as an Associate in January 2003, focusing on services and software investments. Prior to joining Sequoia Capital, 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.
Roger Lee at Battery Ventures
Roger Lee joined Battery Ventures as a Senior Associate in April 2002, focusing on investments in enterprise software and Internet infrastructure. Previously, Roger was a co- founder of Corio (NASD - CRIO), a leading managed service provider. Prior to Corio, Roger worked as the Manager of Internet Products at Edify Corporation. Previously, Roger was the co-founder and President of NetMarket, a software and services company that developed transaction security software for the Internet. NetMarket was acquired by Cendant Corporation in November of 1994. Roger graduated with distinction from Yale University with a BA in Political Science.
Mike Scanlin at Sierra Ventures
Mike Scanlin joined Sierra Ventures as a Principal in November 2002. Prior to joining Sierra Ventures, Mike was VP of Corporate Development at Display Research Labs and VP of Entrepreneur Development at Garage Technology Ventures. Previously Mike held engineering roles at General Magic, Storm Technologies, and T/Maker. Mike has a BA in Management Science from the University of California, San Diego.
Jonathan Abrams, Founder & CEO at Friendster, Inc.
Jonathan Abrams is the founder & CEO of Friendster, Inc. Friendster is an online community that connects people through networks of friends for dating or making new friends. Previously Jonathan was the founder, CEO, and CTO of HotLinks Network, Senior Director of Engineering at Bitfone Corporation, and a senior engineer at Netscape Communications, Bell-Northern Research, Nortel Networks, and CrossWorlds Software. Jonathan is also the Co-Chair of the SDForum Venture Finance SIG. Jonathan holds an Honors B.Sc. in Computer Science from McMaster University in Ontario, Canada.
Pre-registration is no longer available -- please register at the door.
Microsoft Main Campus
1065 La Avenida, Bldg. 1
Mountain View, CA
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.
$30 Non-SDForum members
$20 SDForum members
$20 for Churchill Club members for the month of March
Please call 408.494.8378 for student memberships
More on the Venture Finance SIG....