BABC Northern California Events Calendar

Funding, Exits and IPO's - Silicon Valley's Best Make Their Predictions for 2015

Date: February 25, 2015 Time: 5:30 PM - 8:30 PM
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Event Description


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:


Managing Director, 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 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

Sharon invests in Mobile and Internet companies at ScaleVP. She sits on the boards of Actiance, Applause, BeachMint, Everyday Health, PlayPhone, and

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

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

Gold Sponsors:

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Date/Time Information Wednesday, February 25, 2014
5:30 - 8,30pm
Contact Information
Jo Healey (415) 296 8645
Online Registration:
$45 - BABC Members
$55 - Non-Members

On the door:
$55 - BABC Members
BABC Non-Members

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

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