BABC Northern California Events Calendar
Funding, Exits and IPO's - Silicon Valley's Best Make Their Predictions for 2017 - #VCEvent2017
Registration for this event is now closed but tickets will be available on the door.
Please plan to join us for the 7th Annual Funding, Exits and IPO's event on Wednesday, February 22nd, 2017 at the Quadrus Center in Menlo Park.
We think it is fair to say that most of us are happy to have left 2016 behind us. It was a down year for so many reasons. Oil prices tanked and the start of the year, Britain voted out of the EU in June, we lost David Bowie, Prince, Princess Leah and her Mum, Alan Rickman, George Michael and many others too. Amid the turmoil and uncertainty around the Presidential elections, it also appeared we might have lost the technology IPO market too. Fortunately we did see a resurgence in Q3 but nonetheless 2016 was the worst year for technology company IPOs since 2009, with only 20 technology companies going public.
Now that 2016 is firmly in our rear-view mirror, what should we be asking about the road ahead in 2017?
- What will President Trump mean for Silicon Valley? Will his tax cuts and his promise to ease regulations fuel growth or will his anti-overseas manufacturing and immigration policies cause Silicon Valley to lose its edge?
- Will tech start-ups continue to have access to greater amounts of private capital delaying the need to turn to the public markets or will the solid performance of the class of 2016 IPOs create the confidence for companies and investors to go public this year?
- Who are the companies who will most likely IPO in 2017? Rumours of Snapchat, Palantir, AppNexus and other Unicorns abound but who will go out first and will they give the impetus to kick-start a frenzy of public offerings in 2017?
- What will be the hot technologies of 2017? Was 2016 the year of Virtual Reality and is 2017 going to be the break-out year for Artificial Intelligence?
Once again we have gathered together some of the leading venture capitalists from Silicon Valley to seek their views on these topics and more together with their predictions for the year ahead. We will also see how accurate their 2016 forecasts were and will try to pin them down to some 2017 predictions too!
Managing Director, Garage Technology Ventures
Bill Reichert has over 20 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 Five9, Flite, HubPages, NuoDB, and Palamida.
Technology Correspondant, The Financial Times
Hannah Kuchler is a San Francisco Correspondent for the Financial Times, writing about technology with a particular focus on social media and cyber security. She enjoys telling the story of the Silicon Valley to the FT's broad international audience, giving them a daily dose of surprises from soaring valuations to Facebook's plans to design drones. Hannah has worked for the FT for over seven years in the US, Europe and Asia, covering everything from Chinese internet companies to British politics.
West Coast Editor, The Financial Times