BABC Northern California Events Calendar
2018 Funding, Exits and IPO's Presented by HSBC
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!
|BUSINESS CARD DRAWING:
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.
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.
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