BABC Northern California Events Calendar

2018 Funding, Exits and IPO's Presented by HSBC

Date: February 28, 2018 Time: 5:30 PM - 8:30 PM
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Event Description

Please plan to join us for the 7th Annual Funding, Exits and IPO's event on Wednesday, February 28th, 2018 at the Quadrus Center in Menlo Park.  This event typically sells out quickly and seating is limited so REGISTER TODAY!

2017 has been an interesting year for technology companies and the Silicon Valley Venture Capital community. In terms of companies funded and total funds deployed it has been very similar to 2016 as at the end of Q3 with 3,700 deals done and a total of $52Bn invested.
On the back of a weak but resurgent IPO market in 2016, it was hoped that 2017 would be the comeback year for technology company IPOs but it hasn’t really turned out that way with a lot of companies finding ways not to go public! Over the course of the year there have been just 11 technology company IPOs, 4 in Q1 including the year’s biggest IPO, Snap! 6 in Q2 largely supported by OKTA and Cloudera, and just one, Roku, in Q3. Like Snap, Roku has performed well initially and it is hoped that this will create the runway for more tech companies to go public in Q4. We shall see!
Join us for an evening of lively, engaging and fun discussions and hear more about how things might work out for the technology community in 2018 and get a chance to ask questions our panel of Venture Capitalists. We will see how accurate their 2017 forecasts were and will try to pin them down to some 2018 predictions too! 

With thanks to Air India and Taj Hotels, you could win two round trip tickets on Air India to New Delhi and onwards to Mumbai, plus two nights at the Taj Mahal New Delhi and Taj Santacruz Mumbai

Our Thanks to:

Managing Director,
Garage Technology Ventures

Bill Reichert has over 30 years of experience as an entrepreneur and operating executive. Since joining Garage in 1998, Bill has focused on early-stage information technology and materials science companies. He has been a board director or board observer at CaseStack, WhiteHat Security, ClearFuels Technology, Simply Hired, MiaSole, D.light Design, ThermoCeramix, and VisaNow, among others.

Prior to Garage, Bill was a co-founder or senior executive in several venture-backed technology startups, including Trademark Software, The Learning Company, and Academic Systems. Earlier in his career, he worked at McKinsey & Company, Brown Brothers Harriman & Co., and the World Bank. Bill earned a B.A. at Harvard College and an M.B.A. from Stanford University. He was a founding board member and a Chairman of the Churchill Club, and a Board Member of the Silicon Valley Association of Startup Entrepreneurs. Currently he is the Chairman of the Small Fund Roundtable of the VC Taskforce and a member of the Council on Foreign Relations in New York.

Operating Partner,

Steve joined Venrock in 2009 after having been CEO of several early stage companies including DataRunway, Vidient, Arcwave and CoWave Networks. Prior to that, he was Vice President of Research and Development at Nokia Internet Communications and Vice President and General Manager of the Wireless Communications Division at Cylink Corporation. Steve also held senior management and engineering positions at Trimble Navigation and Hewlett Packard. At Venrock, Steve focuses on investments in connectivity, M2M/Internet of Things, robotics and embedded systems. He currently sits on the Board of Directors of Asoka, FutureDial, Red Seal, and Quantenna Communications. Previous board seats include Canesta (Acq by Microsoft), Kineto Wireless (Acq by Taqua), Newport Media (Acq by Atmel), and Teranetics (Acq by PLX Technology). Steve received his B.S. and M.S. in Electrical Engineering from Washington University and his Ph.D. in Electrical Engineering from the University of California, Santa Barbara.

Managing Director,
Hummer Winblad Venture Partners

Mitchell Kertzman is a Managing Director at Hummer Winblad Venture Partners. He has over 30 years of experience as a CEO of public and private software companies. Most recently, Mitchell was Chairman and CEO of Liberate Technologies, a provider of platform software for the delivery of digital services by cable television companies. Before joining Liberate, he was chairman of the board and CEO of Sybase, Inc. Mitchell was founder and CEO of Powersoft, which merged with Sybase in February 1995.

A former programmer, Mitchell founded Powersoft in 1974 as Computer Solutions. He renamed the company and became a member of the Hummer Winblad family in 1991 when Hummer Winblad invested in the company, which became the leading provider of client-server development tools with its flagship product, PowerBuilder. The merger with Sybase in 1995 was, at the time, the most valuable in the history of the software industry.

Mitchell served as President of the Massachusetts Software Council from 1994 to 1996 and was 1990 chairman of the American Electronics Association. He is founder and former chairman of the Massachusetts Institute for a New Commonwealth (MassINC), a think tank focused on issues related to the standard of living and quality of life of America's middle class. He served on the New York State Commission on Industrial Competitiveness and chaired its task force on industrial policy.

Mitchell was awarded an honorary doctorate of humane letters from the University of Massachusetts, Lowell. He currently sits on the Boards of ASpireIQ,
Five9, Flite, HubPages, NuoDB, and Palamida.


Saphhire Ventures


Jai is a managing director at Sapphire Ventures who invests in startups he believes are developing ground-breaking products and services in the areas of pervasive analytics, next-gen AI, software defined infrastructure, cloud and mobile computing, IoT and AR/VR. He has more than 15 years of experience helping companies innovate their product and marketing strategies in order to scale and become market leaders.

Jai is a member of the board (director or observer) at Alteryx (AYX), CloudHealth, JFrog, Narrative Science, Netskope, Portworx, PubNub, Socrata and Sumo Logic. His exits and IPO’s include Alteryx (AYX), Apigee (acquired by Google), Box (BOX), Control4 (CTRL), Cyphort (acquired by Juniper Networks), ExactTarget (acquired by Salesforce), Five9 (FIVN), GroundWork (acquired by Parallax), Jaspersoft (acquired by TIBCO Software), JustDial (JUSTDIAL), Mulesoft (MULE), MySQL (acquired by Oracle), Nutanix (NTNX), One97, Tealeaf (acquired by IBM) and Square (SQ). He is also closely involved with Catchpoint, Mirantis, Newgen Software, OpenX and Splashtop.

Prior to joining Sapphire Ventures in 2006, Jai worked at Intel Capital, Agilent Ventures (formerly Hewlett Packard) and MVC Capital (a Draper Fisher Jurvetson affiliate). He began his career as a software engineer at Oracle and then moved into product management. Jai has a BS in electrical engineering from Brown University and an MBA from University of Chicago’s Booth School of Business, where he received the George Hay Brown Prize for academic excellence.


West Coast Editor,
The Financial Times

Richard Waters is the West Coast Editor for the Financial Times. His beat covers the technology industry. Before moving to the West Coast, Mr Waters was based in the FT's New York office for nine years. His roles there included Wall Street reporter, New York bureau chief, and the FT's first information industries editor, overseeing global coverage of technology, telecommunications and media. He previously worked at the FT in London where he held a number of positions, including editor of international capital markets, securities industry correspondent and accountancy and taxation correspondent.

Before working for the FT, Mr Waters worked as a reporter and editor for several financial magazines. He also worked for two years at Lloyd's Bank International and lived in Chile, also working as a teacher. In 2004, he was awarded Corporate Finance Reporter of the Year for his coverage of Google's IPO. He was shortlisted for the Business & Finance Reporter of the Year award at the British Press Awards in 2003 and won the award in 1992 as part of a team covering the BCCI scandal. In 1988, he was named Accountancy Journalist of the Year. He appears regularly on the BBC, CNBC, MSNBC, CNNfn and NPR.

Mr Waters received his Bachelor's degree from St. Edmund Hall, Oxford University.



Event Location
Quadrus Conference Center
2400 Sand Hill Road
Menlo Park, CA 94025

Presenting Sponsor:


Gold Sponsors:


In-Kind Donors:

Date/Time Information

February 28th, 2018

5.30 - 8.30pm

5.30 - 6.30pm Networking and Registration
6.30 - 7.45pm Panel Discussion
7.45 - 8.30pm Post Event Networking

Complimentary hors d'oeuvres and beverages.
Contact Information
Online Registration:
$50 - BABC Members
$65 - Non-Members

On the door:
$70 - BABC Members
BABC Non-Members

There will be plenty of time for drinks and networking. Tickets include wine & gin cocktails (kindly sponsored by Dunkirk Spirit Gin)

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