SVASE SF Main Event: Next Generation Venture Capital & what it means for Entrepreneurs March 30, 2010

Start: 03/30/2010 - 6:00 pm
End: 03/30/2010 - 8:30 pm

With startups requiring a fraction of what they used to because today's platforms offer so much more as a starting point, and a sizable number of VC firms unable to raise new funds, it feels like we are now witnessing the conclusion of a "10 year experiment". One where money invested in venture funds had exploded and fund sizes had more than tripled. Is it co-incidence that VC performance has fallen off a cliff during this time period, causing traditional Limited Partners to be leery of re-upping to the current Venture Capital model?

So if startups no longer need the $10MMs they used to in the past, where are they now going for venture capital? And if LPs are less than thrilled with the 2 ½% Management Fee plus 20% carry model, who IS still interested in VC as an investment class, and what does this mean for the established VC industry, and for entrepreneurs seeking venture funding for their startups?

URL: www.svase.org/events/sf-main-event-next-generation-venture-capital-what-it-means-entrepreneurs

Come and join this lively debate when our experienced and opinionated panelist explore these questions & more:
• How much venture capital do web & mobile startups now need to get to break even?
• How is the VC model evolving?
• Where is the money coming from?
• What returns are they expecting?
• What does this mean for the first time team seeking funding?

The Panel - see below for speaker bios
• TBD
• TBD
• TBD
• TBD

Moderator: Larry Kane, Partner, Orrick

When: March 23
6:00 - 7:00 pm: Networking and hors d’oeuvres
7:00 - 8:15 pm: Panel discussion and Q/A
8:15 - 8:30 pm: Additional networking

Location: Offices of Orrick, Herrington & Sutcliffe, 405 Howard St, San Francisco, 94105

Pre-registered Rates (All Rates Include Hors D’oeuvres):
Members - $15; Affiliates who advertise this event - $20; General Public - $25

Pre-registration closes at 9 PM the day before of the event
Walk-in Rates: Add $10.00 to the listed price

This event is co-sponsored by Orrick, Herrington & Sutcliffe www.orrick.com

Seating is limited, so early registration is recommended to avoid disappointment on the day.

Speaker Bios

Larry Kane, a San Francisco corporate partner, represents newly formed and emerging companies as well as more established companies in a wide range of transactions.
His representative transactions include formation, angel and venture capital financing, mergers and acquisitions, joint ventures and partnerships, lease and licensing transactions, private and public offerings of securities. He also has been active in forming venture capital and related funds.

Mr. Kane represents public companies such as Applied Materials and SUMCO and private companies such as Altius Education, IGX, Cloudmark, ROFO.com, Renewvia Energy Corporation, Verde Power Supply, Inc., RCDB, MX Entertainment, Three D Spirts, L&P Spirts, Sake2me, Vivo, and Another Planet Entertainment LLC.