July Meeting

JULY CONFERENCE

DATE:	Friday, July 14th, 2000 (New York)
TOPIC:	How to Get Your Venture Funded: Leading Venture Capitalists Discuss Their Investment Criteria Leading venture capitalists describe their criteria for investments in early and later stage deals, providing insights on winning characteristics that get a venture funded.
SPEAKERS: ENTREPRENEUR SPEAKER:	Philip N. Summe, Flatiron Partners Adam Dell, Impact Venture Partners Derrick Chen, Rare Ventures (Rare Medium Group Inc) Doug Stern, Scripps Ventures, LLC Erik M. W. Caspersen, William E. Simon & Sons Omar Javaid, Mobilocity, Inc.
VENUE:	The Yale Club of New York City 50 Vanderbilt Avenue at 44th St. (West of Grand Central Station) 20^th Floor New York, New York For directions, call: 212-716-2100 Yale Club requires smart casual attire.
SCHEDULE: BREAKFAST SPONSOR:	7:15 AM - 8:30 AM Registration and Breakfast 8:30 AM - 10:00 AM Speakers and Q&A 10:00 AM - 10:30 AM Networking Please contact Organizer if you are interested in becoming a Sponsor. (Email Organizer)
BACKGROUND:	Flatiron Partners Philip N. Summe, Principal, Flatiron Partners Prior to joining Flatiron Partners, Mr Summe was a Principal at Chase Capital Partners and the Practice Leader for Internet content and ecommerce. He is currently a director at Arbinet, Buildpoint.com, Esprocket, Starbelly.com and Paraform. Previous investments include Stamps.com and Iwon.com. Prior to joining Chase Capital Partners, Mr. Summe was a Vice President in Corporate Finance with the DMG Technology Group and was a Senior Consultant with Andersen Consulting within the systems integration practice. In addition, he previously worked in Computer Operations for Convergys Corporation. Mr. Summe holds a B.S. in Physics and Math from Xavier University and an M.B.A., with honors, from the University of Chicago. Flatiron Partners (www.flatironpartners.com) is one of the preeminent Internet-focused venture capital firms. Located in New York's historic Flatiron district, the heart of Silicon Alley, Flatiron thrives off the synergy between the rapid evolution of digital technology and New York's traditional focus of content, commerce, and communications. Founded in 1996, the firm is a pioneer in Internet investing, and has establishing more than three dozen companies including some of the best known companies of the Internet Age. Flatiron Partners has a strategic affiliation with Chase Capital Partners (CCP), one of the world's leading private equity firms, whereby CCP is the exclusive source of capital for our $300 million fund. CCP boasts nearly 150 investment professionals in offices around the world. Since its founding, CCP has invested more than $8 billion and, in 1999 alone, invested nearly $2 billion. Combining the experience of our founding partners with the strengths of its investment partner, Chase Capital Partners, Flatiron Partners provides entrepreneurs with a disciplined growth strategy and access to unparalleled resources. Investment Philosophy By Industry: Flatiron's focus is exclusively on Internet investments. We believe the Internet will change most industries, but we believe the most profound impact will be in the areas of content, commerce, and communications. Our focus is primarily on these areas. In addition, we have dedicated $50 million toward investments in the area of Pervasive Computing. By Stage: Our investment philosophy calls for us to be highly involved in the development of our portfolio companies. This leads us most naturally to investments where there remains a large amount of development work to be done. This does not mean, however, that we are seed and early stage investors. In fact, the majority of our investments have been first round investments in companies where the management team is fairly complete and the business model has been tested and revenues are flowing. We have made both early stage investments and late stage investments, but always in companies that see the value of our involvement. By Location: We are not a regionally focused firm. The majority of our current investments, however, are in the New York metropolitan area. This is due to our desire to work closely with our companies. For early stage companies, we prefer to invest close to home. For later stage companies, we will invest without concern for location. We are also actively investing in the development of the Internet internationally with a number of investments in Asia and Latin America. We believe that the Internet opportunity is beginning to develop rapidly in regions such as Europe, Asia, and Latin America. In these situations we involve the local offices of Chase Capital Partners to work on our international investments. For more information, visit www.flatironpartners.com. Impact Venture Partners Adam Dell, Managing General Partner, Impact Venture Partners Adam Dell is the Managing General Partner of Impact Venture Partners. Prior to founding Impact, Adam was a Partner with Crosspoint Venture Partners in Northern California and Senior Associate with Enterprise Partners in Southern California. Prior to becoming a venture capitalist, Adam worked as a corporate attorney in Austin, Texas. Adam’s investment portfolio includes the National Transportation Exchange (NTE), Buzzsaw.com, Opus360, HotJobs (NASDAQ: HOTJ) and CarsDirect. Adam teaches a course at the Columbia Business School on venture capital, the Internet and the entrepreneurial process. He is also a contributing columnist to the Internet trade publications The Industry Standard and Business 2.0. Adam received a Bachelors of Arts in Political Economy from Tulane University and a Doctorate in Jurisprudence from the University of Texas School of Law. Impact Venture Partners (www.impactvp.com) is a $100 million early stage venture capital firm focused exclusively on the Internet. We invest up to $10 million in companies addressing five strategic areas where we have significant investment experience: b to b e-commerce, b to c e-commerce, application service providers, content infrastructure, and wireless Internet. We look for three things: great people, enormous opportunities and passion. When we find those elements we invest. Impact is a venture firm whose culture is rooted in entrepreneurship. That mindset, coupled with a deep understanding of the Internet economy, a strong network of relationships, and a passion for building companies, represents a powerful partner for startup companies. In our areas of specialization, e-commerce, e-business software and services, content infrastructure and wireless Internet, our technical understanding and market knowledge enable us to quickly review new business proposals. Once we've invested, we have the knowledge and conviction to build solid companies from the ground up. Impact has an extensive network of partners in Silicon Valley and on the East Coast. We work hard to turn that network into a vital resource for our portfolio companies. Entrepreneurs are generally predisposed with certain qualities: vision, intelligence, passion and creativeness. At Impact we hold these characteristics in very high regard and set out to empower entrepreneurs with the resources necessary to realize the full potential of their talent. Our reputation is our track record, the companies and people we've backed, the partnerships we hold and the active approach we take to our investments. Each new investment is an opportunity to prove our value to entrepreneurs, partners and employees. For more information, visit www.impactvp.com. Rare Ventures (Rare Medium Group Inc.) Derrick Chen, General Partner, Rare Ventures (Rare Medium Group Inc.) Derrick is in charge of evaluating, structuring, managing and financing investments for Rare Medium Group Inc. (NASDQ: RRRR) Derrick is represents Rare on the boards of Sharemax.com, Edmunds.com, Active Leisure Inc., MoneyHunt Properties, Mysportsguru.com and Regards.com. Prior to joining the company, he was an investment banker with Lazard Frères, Goldman Sachs and Montgomery Securities. At Montgomery, Mr. Chen was part of the start-up of the East Coast technology group and led the corporate finance effort for the Internet sector. In addition, he has experience making venture capital investments and has participated in numerous entrepreneurial endeavors. Mr. Chen graduated from Harvard College in 1987 with an A.B. in biochemistry. Rare Medium invests in next generation Internet companies and provides end-to-end Internet Services. Rare Medium incubates, finances and manages private companies and also makes strategic investments in independently managed companies that it believes possess superior Internet-focused business models. Rare Medium's Internet Services include development and authoring of business plans and strategies; strategic, creative and technological consulting for Web initiatives; on-line brand development and management; development of content for broadband and wireless applications; and launch of on-line commerce trading exchanges. Rare Medium leverages its Internet Services expertise to increase the overall success of the companies in its investment portfolio. Rare Medium employs over 900 people in more than 20 locations worldwide. For more information, visit www.raremediumgroup.com http://www.raremediumgroup.com/ Scripps Ventures, LLC. Doug Stern, President, CEO and Co-Founder, Scripps Ventures, LLC Doug Doug Stern holds board seats on Centra Software, Comet Systems, Family Point, Garden.com, HomePortfolio.com, Ingredients.com, iSyndicate, JobDirect and Tavolo.com. Doug is also president and CEO of United Media, a licensing, newspaper syndication and new media company, a position he has held since 1994. Before coming to United Media, Doug was president of the National Research Group, Inc., a market research firm that specializes in the entertainment industry. Earlier, Doug was president and publisher of Horticulture Magazine and a founder and managing director of the Wicks Group, a private investment company specializing in the media industry. Prior to founding the Wicks Group, Doug was in charge of marketing at The New York Daily News, where he was responsible for all marketing activities related to editorial, circulation and advertising functions. Doug also spent six years at Twentieth Century Fox in senior capacities in the production and marketing areas. As vice president of production, he was involved in developing and packaging Fox's feature films; as senior vice president of worldwide market research, he led all market research and strategic planning activities related to the distribution, marketing and production of Fox's feature films. Previously, Doug was a member of the senior staff of the Wharton Applied Research Center at the University of Pennsylvania. He also held appointments as a research and senior fellow at the center and as a clinical fellow at the Harvard Medical School. Doug holds a Ph.D. in psychology from Temple University and a B.A. in psychology from the University of Rochester. Scripps Ventures (www.scrippsventures.com) was launched by E.W. Scripps in 1996 under the leadership of Douglas Stern and Benjamin Burditt. With the purpose of uncovering long-term growth opportunities, the first fund of $50 million (Scripps Ventures I) invested primarily in Internet/electronic commerce companies, with some investments in Web-related education. Our second fund of $100 million, Scripps Ventures II, will continue to target these areas. Scripps Ventures prefers the role of lead investor, often initiating syndicated or co-investment deals based on our close relationships with other venture capital funds. We hold board seats in most of our portfolio companies. When we fund a new enterprise, we make a major commitment to help it succeed - and remain committed through the difficult times as well as the good. Scripps Ventures will co-invest with other strong lead investors in certain situations. Our investments typically range from $1 million to $5 million in the form of first and second-round financing, with some seed investment. While our relationships with E.W. Scripps and other media players enable us to bring strategic benefits to our portfolio companies, Scripps Ventures is focused on generating strong financial returns. We remain 100 percent aligned with the interests of the entrepreneurs in whom we invest. For more information, visit www.scrippsventures.com. William E. Simon & Sons Erik M. W. Caspersen, Senior Associate, Private Equity Group, William E. Simon & Sons Erik M. W. Caspersen is a Senior Associate of the Private Equity Group of William E. Simon & Sons, located in its New Jersey office. Prior to joining the Private Equity Group in 1998, Mr. Caspersen was an Engagement Manager in the New York office of McKinsey & Company where he consulted to a wide variety of clients on strategic, financial, and operational issues. Mr. Caspersen was graduated with a Masters of Science Degree in Economics from the London School of Economics and a Juris Doctor Degree from Harvard Law School, magna cum laude. He was also graduated magna cum laude with a Bachelor's Degree in Economics from Princeton University. William E. Simon & Sons (www.wesandsons.com) is a private investment firm and merchant bank founded by former United States Secretary of the Treasury William E. Simon and his sons, William E. Simon, Jr. and J. Peter Simon. Formed in 1988, our Firm has achieved consistently high returns on equity through creating and executing a set of thoughtfully determined strategies and adhering to a disciplined investment approach. The firm is focused on three core principal investment businesses: Private Equity, Real Estate, and Special Situations. Drawing on a rich heritage of private equity investing and the broad base of its investment professionals' collective experiences, the WES&S Private Equity Group seeks to capitalize on the transformational growth opportunities that a number of industries, industry segments and individual companies face in the developing environment of a technology driven economy. Specifically, the Group pursues investment opportunities where powerful and identifiable external characteristics provide for superior and sustainable growth prospects. Current industries of focus include technology, education, and selected segments of manufacturing. The Group is actively seeking to add to its portfolio of such investments and typically will deploy between $10 million and $30 million toward a given strategy. The Group has offices in Los Angeles, California and Morristown, New Jersey and was formed in 1994. The Private Equity Group is currently investing funds through William E. Simon & Sons Private Equity Partners, L.P., a fund launched in early 2000. For more information, visit www.wesandsons.com Mobilocity, Inc. Omar Javaid, Co-Founder and CEO, Mobilocity, Inc. Omar Javaid is co-founder and CEO of Mobilocity, Inc.. Prior to Mobilocity, Inc. (www.mobilocity,net), he was a Senior Consultant with Deloitte Consulting in their Management Solutions & Services Group. Prior to that, he was a Project Manager at Advanced Publications, a division of Condé Nast, and a Director of Technology at Interzine Publications/iRace. Omar also served as founder and CEO of Innovative World Wide Web Design. He holds BS degrees in Chemistry and Cellular & Molecular Biology from the University of Michigan. Mobilocity, Inc.. is the leading m-business builder for the new era of ubiquitous connectivity. The company, based in New York City, provides m-business strategic consulting and implementation services and is differentiated by its vendor-neutral approach. As the m-business thought leader, Mobilocity is committed to helping its clients grasp and capture the rapidly emerging opportunities in the mobile Internet space. Mobilocity's clients include Global 1000 corporations and leading dot coms. Mobilocity promotes open industry standards and is a member of the WAP Forum and the Mobile Applications Initiative. Mobilocity aims to become the world's premier mobile business builder by helping clients develop and implement leading-edge mobile strategies. Mobilocity, Inc. was founded by Faisal Choudhury, Omar Javaid, Bong Koh, and John Mihaljevic, who shared a vision for a world of untethered communications and commerce. Prior to founding Mobilocity, the founders focused on the Internet and wireless sectors at firms such as Organic, Deloitte Consulting, Potomac Partners (Luminant), Merrill Lynch, and Salomon Smith Barney. For more information, visit www.mobilocity,net.
ORGANIZER:	Global Venture Network PO Box 735 Alpine, NJ 07620 Tel: 201-264-3241 info@globalventurenetwork.com (Back to top)