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2020 Funding, Exits & IPO's - #FEIbabcsf

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Name: 2020 Funding, Exits & IPO's - #FEIbabcsf
Date: February 25, 2020
Time: 5:30 PM - 8:30 PM PST
Registration: Sorry, registration for this event is closed.
Event Description:

Please join us for the 9th Annual Funding, Exits and IPO's event on Tuesday, February 25th, 2020 at the Quadrus Center in Menlo Park.

Earlier in December Crunchbase reported that as of Dec. 9, Bay Area startups had attracted $45.9 billion in new funding this year, down from a record $63.6 billion last year. And while this reduction might be skewed by one single large $13bn investment in 2018 in Juul Labs, the Bay Area was not alone in seeing an overall reduction in total funding in 2019 with New York, Boston, LA and Seattle all down on 2018 numbers. 

Despite this, 2019 has been an exciting year for technology companies and the Silicon Valley Venture Capital community. This year’s IPO calendar was packed with Unicorns including household names (Uber, Lyft, Pintrest and Peloton) and industry darlings (Slack, Crowdstrike and Zoom) not to mention to spectacular performance of plant-based meat substitute company, Beyond Meat. 
Market performance has been strong throughout 2019 and despite Uber and Lyft being the two worst performers among 13 venture-backed tech IPOs this year if you had invested equally in all 13 you would have significantly outperformed the S&P500.
As we look ahead to 2020 there are already a number of technology companies getting ready to go public including Airbnb, one of the most anticipated IPOs in years together with WeWork. This could also be the year that Palo Alto based data analytics company Palantir goes out together with the DevOps platform firm GitLab among others. 
Join us for an evening of lively, engaging and fun discussions and hear more about how things might work out for the technology community and its’ investors in 2020 and get a chance to ask questions our panel of Venture Capitalists. We will see how accurate their 2019 forecasts were and will see if they have 20-20 vision for year ahead. 

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.


Venture Advisor, New Enterprises Association

Claudia joined NEA in 2016 after 30 years of service with IBM where she held many technical and business leadership positions. She founded the Venture Capital Group within IBM, where she served as its Managing Director and Vice President of Corporate Development.

The Venture Capital Group is a unit in IBM that drives non-organic growth through partnerships and M&A activities globally, focusing on growth markets, and disruptive technology and business models. Prior to that position she headed the licensing and commercialization group in the IBM Research Lab.

Claudia is a board member of the National Venture Capital Association (NVCA), chairwoman of the board of the Global Corporate Venturing, Advisor to the American Advancement of Science Lemelson Fellowship, board member of Bank of the West / BNP Paribas, board member of Best Buy, and advisory board member of other global venture capital organizations, including Latin American Venture Capital Association, Women in Leadership in Private Equity in China, Canadian Innovation Exchange, Savannah Fund in Africa, and others.


Operating Partner, Venrock

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 6connect, AspireIQ, Blissfully, NuoDB and Symbium. 



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.




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

Presenting Sponsor: 
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Date/Time Information:

February 25th, 2020
5.30 - 8.30pm

Event Schedule  
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:
BABC Events Team - (415) 296 8645
Online Registration:
$50 - BABC Members
$65 - Non-Members

On the door:
$70 - BABC Members
$85 -  BABC Non-Members

There will be plenty of time for drinks and networking. Tickets include wine & Hors d'oeuvres.

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