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Funding, Exits and IPO's - Silicon Valley's Best Make Their Predictions for 2015
Global technology IPO activity kicked in to gear in Q4 2013 and continued to gain speed through 2014 with internet software and services companies from China, the US and the UK leading the way.
PwC estimates that global technology IPOs for Q3 2014 set a record, at $24.8 billion in total, surpassing the previous quarterly record of $17.8 billion, raised in the second quarter of 2012 following Facebook's $16 billion IPO. In large part this was thanks to the Alibaba Group IPO on the New York Stock Exchange in September. However, globally the technology sector surpassed expectations and an improving Eurozone led to the return of technology IPOs in Europe. Even the semiconductor IPO market saw a resurgence due to rising demand for wearables, smart devices, and mobile solutions.
However, US technology company IPOs declined significantly during the most recent quarter with only two US companies going public during the period, compared to 14 during the previous quarter. What does this mean for Silicon Valley companies as we close out the year and gear up for 2015?
Once again we have gathered together some of the leading venture capitalists from Silicon Valley to seek their views and predictions for the year ahead and amongst others will ask:
How will the economy fare in 2015?
There?s talk of another bubble ? is this really the case?
Which industries will lose popularity this year and which will flourish?
Software and Services companies have dominated the IPO markets in 2014 and China has dominated the IPO market in Q3 - What will the IPO market look like for Silicon Valley companies in 2015?
We will also see how accurate their 2014 forecasts were and will try to pin them down to some 2015 forecasts too.
Come and join a very lively debate and ask them directly about what their predictions for 2015.
Our exciting panel includes:
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 Five9, Flite, HubPages, NuoDB, and Palamida.
Managing Director, Sapphire Ventures
Gaurav has led or been instrumental with our investments in Recommind, Criteo, Marin Software (MRIN), and Violin Memory (VMEM). Previously, he was Principal of Highland Capital and led or managed investments in Coremetrics (IBM), Navic (MSFT), StyleFeeder (TWX), Beyond the Rack, and Rent the Runway. Prior to that, Gaurav was with McKinsey & Company and also held engineering and product leadership roles at Microsoft and IBM Research. Gaurav has lived in the UK, Egypt and India and, within the Bay Area, serves as Entrepreneurship Director for the MIT Alumni Network. He holds Bachelors and Masters degrees in Computer Science with high distinction from MIT and an MBA from Wharton, where he graduated as Ford Fellow (Valedictorian). Gaurav holds 9 issued patents.
Managing Director, Scale Venture Partners
Prior to ScaleVP in 2001, Sharon was Vice President, Marketing for Critical Path and Amplitude Software. She spent most of the 1990?s at Adobe Systems, starting as Product Manager for Asian Products and later led marketing for many of Adobe?s applications, and spearheaded numerous cross-product initiatives. Before her technology line experience, Sharon practiced strategy consulting at Bain & Company for nearly five years.
Sharon holds an A.M. and an A.B. in Engineering from Harvard University, and an M.B.A. from the Stanford Graduate School of Business. Sharon also serves on the board of directors of the non-profit Myelin Repair Foundation and on Microsoft?s Venture Advisory Committee. Sharon is a 2013 "AlwaysOn Power Players in Digital Media" winner and she was also recognized by the Huffington Post as one of the ?Top 25 Women in Tech to Follow on Twitter?.
West Coast Editor, The Financial Times