SVASE Event: 'VC Breakfast: Garage Ventures: Focus On Software, Services, Clean Technology, And Material Sciences (not Life Sciences)' February 1, 2007

Event: 'VC Breakfast: Garage Ventures: Focus On Software, Services, Clean Technology, And Material Sciences (not Life Sciences)'

Date: Thursday, February 01, 2007 At 08:00
Duration: 1 Hour 30 Minutes
Contact Info:
CONTACT: VCBC Chair: Jai Kumar, contact no. - 408-406-4693 Email: [email protected]
URL: svase.org/index.php?option=com_extcalendar&Itemid=149&extmode=view&extid=674

The featured VC will be Mohanjit Jolly, Managing Director, Garage Ventures. www.garage.com/

EVENT LOCATION: Pillsbury Winthrop, 2475 Hanover Street, Palo Alto, CA 94304-1114

This event is co-sponsored by Pillsbury Winthrop, LLP. www.pillsburylaw.com.

Garage Ventures

Garage Technology Ventures is a seed-stage and early-stage venture capital fund. We’re looking to invest in entrepreneurial teams with big ideas and a need for seed capital to turn their ideas into great companies.

We are willing to invest in unproven teams attacking unproven markets with unproven solutions. We’re not interested in teams that are creating the nth solution to the same old problem nor companies who are trying to improve things by only 10 or 20 percent.
- On a more tactical level, the characteristics of the companies we invest in are:
- Sectors: Software, services, clean technology, and material sciences (not life sciences)
- Funding: Seeking seed or early investments from $500,000 to $3,000,000
- Geography: California or Western US based
- Business model: requiring less than $5,000,000 to reach break even or sustainability

Garage Technology Ventures started as Garage.com in October, 1997. The co-founders, Guy Kawasaki, Craig Johnson, and Rich Karlgaard, created the company in order to help entrepreneurs raise angel and venture capital.

Operating as an investment bank, over the next five years, Garage completed over 80 transactions and raised nearly $400 million for companies such as Tripwire, Claria, Lefthand Networks, and Digital Envoy. Garage also produced a highly acclaimed series of events including Bootcamp for Startups, The State of the Art, and Silicon Valley 4.0.

When the supply of early-stage venture capital dried up in 2002, Garage shifted its business model from fee-based investment banking to direct investing as a venture capital firm. Its current fund is called the Garage California Entrepreneurs Fund; CalPERS is the principle limited partner of this fund.

Mohanjit Jolly
Mohanjit Jolly has been with Garage Technology Ventures since 1999. While at Garage, Jolly has worked with over 20 companies, including LeftHand Networks, PureSight, WhiteHat, Xora, PhoneBites, Kaboodle and Vigilistics. Prior to joining Garage Technology Ventures, Jolly helped launch the Mattel/Intel joint venture, Intel Play. He also spent three years in both engineering and business development roles with Itek Optical Systems, a manufacturer of high-resolution reconnaissance systems for both military and commercial use. While earning his M.B.A from the Anderson School at UCLA, Jolly helped found ViaSpace, a technology incubator in Southern California in conjunction with Caltech and Jet Propulsion Laboratory. Jolly earned a B.S. and M.S. in Aeronautics and Astronautics from MIT, with a specialization in electric propulsion systems.

COST: $25 SVASE Members; $39 Affiliates; $49 Non-members. This event is for ENTREPRENEURS ONLY, BY PREREGISTRATION ONLY.

This event is co-sponsored by Pillsbury Winthrop, LLP. www.pillsburylaw.com.

CONTACT: VCBC Chair: Jai Kumar, contact no. - 408-406-4693

LOCATION: Pillsbury Winthrop, 2475 Hanover Street, Palo Alto, CA 94304-1114

Official Website: http://svase.org/index.php?option=com_extcalendar&Itemid=149&extmode=view&extid=674