San Francisco, California
London, United Kingdom
As the SEC begins to hand out rulings on how it intends to implement the JOBS Act, crowd equity funding sites pop up, entrepreneurs rush in, and angel investors are wrestling with whether - and how - they would participate in the new Ether Dollar economy.
And what about the VCs?
How will the brave new world of democratic funding affect what deals they do and how they invest?
How will the new landscape reshape the funding curve?
Will there be winners and losers?
How will those who invest -- and those who seek investments -- adapt and evolve in the new order of things?
VC Taskforce has assembled a panel of speakers representing all of the classic sources of early-stage capital: super angels, organized angels, early-stage venture funds. We will dissect the pros and cons of crowd equity funding (as opposed to presales) to see how the funding sites may affect the pattern and style of investing and where the pitfalls are, peer into the future for unintended consequences, and dialog about our collective views on how we will/will not participate and engage in this new investment landscape.
The event will kick off with a presentation by the attorneys at Dorsey & Whitney on the latest from the SEC as it relates to equity funding in the cloud, with the crowd. Following this presentation, the panel will engage in a conversation about their views regarding the current environment and likely future evolution of crowd equity funding. The panel will then answer questions submitted by attendees during the registration process, as well as engage in a dialog with the audience on the topic.
All registrants are encouraged to submit their questions concerning crowd equity funding through the registration form.
Please join us for an evening of thought-provoking briefing, discussions, debate, soul searching and general stargazing as we contemplate the upheavals to come.
Adrian Rich, Partner in the Corporate & Securities and Emerging Companies practice groups, Dorsey & Whitney LLP <http://www.dorsey.com/Rich_Adrian/>. Adrian has over a decade of experience advising early stage companies and investors alike and has been a trusted advisor through every stage of a company’s development including formation, financing, (buy-side and sell-side) acquisitions and public offerings. He has extensive experience assisting companies with private and public securities offerings, university and competitive licensing, strategic arrangements, and joint ventures and also has represented pre-eminent incubators and funds. His work includes specialized expertise representing life sciences and technology companies.
Adrian received a BA in Economics and a BS in Biomedical Engineering from Johns Hopkins University. He received a JD from the University of Virginia School of Law.
Catherine Chiu, Managing Partner, Opero Partners LLC
< http://www.operopartners.com/team/>. Opero Partners provides strategic advice and operational assistance to growth-stage companies in technology management, sales and marketing and finance. Cathy is a finance specialist within Opero; her background includes investment banking, venture capital, and angel investment experience. Cathy advises clients on strategic finance issues such as mining the most profit out of a business, funding strategy, managing the fund raising process, and M&A exits or acquisitions. Cathy has been active in the technology, enterprise software/ SaaS, B2C, and channel distribution sectors. During her career, Cathy has closed deals ranging from $1.5 million to $100 million of financing, and $5 million to over $1 billion in M&A.
Cathy is an active angel investor. She co–founded and chairs the Selection Committee at the Berkeley Angel Network. Cathy is a frequent speaker on angel investing topics, is frequently invited to serve on pitching panels, and is broadly connected within the angel community in northern California. Cathy received her BS - Electrical Engineering from Johns Hopkins University, and her MBA from UC Berkeley Haas Business School.
David Blumberg, Founder and Managing Partner, Blumberg Capital
< http://blumbergcapital.com/member/davidblumberg/>. David has been investing in early stage technology companies for more than 24 years. His current investment focus includes Digital Media, Social Media, Mobility, SaaS/Technology Enabled Services and Internet. Prior to founding Blumberg Capital in 1991, David managed technology investments with Claridge Investments, Adler & Co., Apax, and T. Rowe Price Associates. David launched the business development efforts for Check Point Software Technologies. David earned his AB in Government, cum laude, from Harvard College and his MBA from the Stanford Graduate School of Business and INSEAD. David speaks French and is proficient in Hebrew and Spanish. David serves as a member or observer on the Board of Directors of Addepar, CaseStack, CoverHound, CredoRax, Cyvera, DoubleVerify, Feex, Hootsuite Media, Madvertise, Parse.ly, Trulioo, Upfront Digital Media, and VideoGenie. He serves on the Board of The Lincoln Club of Northern California and is a member of the Pacific Council on International Policy.
Matthew LeMerle, Managing Partner, Fifth Era < http://fifthera.com/matthew-le-merle/>. Matthew is a leading global expert in the digital economy and the digitization phenomenon. Matthew has advised leading technology companies including eBay, Google, HP, Microsoft and PayPal on how to drive and benefit from emerging value propositions that leverage internet, social, mobile, cloud, commerce and payments technologies. Matthew also writes on these trends and serves as an occasional correspondent to the Financial Times on digital and emerging company topics.
Matthew invests in early stage digital companies, and he has founded and helped scale many successful companies. He is past President of the San Francisco Chapter of Keiretsu Forum, is a member of Band of Angels and has been a Venture Partner for Monitor Ventures. Matthew is currently a board director of UK public company Zattikka (ZATT) and several early stage companies, including Evertold, Perkville, Qube Learning and Soundwave Analytics.
Matthew received his BA (Double First) and MA degrees from Oxford University and an MBA from the Stanford Graduate School of Business.
Don Ross, Managing Director/Founder, HealthTech Capital
< http://www.healthtechcapital.com/about/our_team/>. Don is also a member and past board director of Sand Hill Angels, member of Life Science Angels, and director on several private company boards. Don is active in assembling investment syndications among angel groups and with venture firms. His investments include companies in health tech, diagnostics, medical devices, mobile, and Internet.
Don was an early pioneer in bringing together technology and health. In the 1980s, he developed healthcare software for psychological testing, health risk appraisal, health behavior change, and health monitoring. Don subsequently founded a healthcare publishing company, funded it internally, and ran it for 15 years until it was acquired.
Don is an honors graduate from UC Berkeley (architecture).
Briefing by Adrian Rich of Dorsey & Whitney on Recent
Developments in Crowd Equity Funding
Q&A with Adrian Rich
Crowd Equity Funding Panel
Wine Reception, Networking, Continued Dialog
Registration Fees:$ 75 VC Taskforce Members
$ 85 Affiliate Organization Members
$ 115 General Admission
Crowdfunding Board Chair: Catherine Chiu, Managing Partner, Opero Partners LLC < http://www.operopartners.com/team/>
Crowdfunding Program Manager: Anna Katz, Associate, Cole-Frieman & Mallon LLP http://www.colefrieman.com/
Crowdfunding Committee Members:
Rick Brounstein, Executive Board Member, VC Task Force
Elyssa McCoy, Marketing Assistant, Dorsey & Whitney LLP
June Riley, CEO, VC Task Force
Adrian Rich, Partner, Dorsey & Whitney LLP