EVENT DETAILS

LAVA Breakfast Meeting
LAVA hosts PricewaterhouseCoopers' Shaking the MoneyTree 2009 Q4 Review

Tuesday March 9, 2010
7:00am - 9:00am

Skirball Cultural Center, 2701 N Sepulveda Blvd, Los Angeles, CA 90049 (map)

Generously Sponsored by:

Please join LAVA, PricewaterhouseCoopers and a distinguished panel of industry experts and local VCs for their insights on the results of the Q4 2009 PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters.

The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As a collaboration between PricewaterhouseCoopers and the National Venture Capital Association, based upon data from Thomson Reuters, it is the only industry-endorsed research of its kind. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.

Moderators

• Randy Churchill, Director, Emerging Company Services, PricewaterhouseCoopers

Current Confirmed Panelists

• Jim Andelman, General Partner, Rincon Venture Partners
• Jim Armstrong, Managing Director, Clearstone Venture Partners
• Klaus Koch, Managing Partner, Vicente Capital Partners
• Ivan Ivankovich, Founder, iFinance LLC
  
  

Moderator Profiles

Randy Churchill Director, Emerging Company Services PricewaterhouseCoopers   For over 25 years, Randy Churchill has served the entrepreneurial community through various roles as a banker, lawyer, financial printer and, for the past nine years, Director of Emerging Company Services for PricewaterhouseCoopers' Southern California Technology practice.  In addition to identifying promising venture-backed client candidates, during his tenure with PwC, Randy consistently has worked to connect investors, entrepreneurs and others to promote investment and innovation within the Southern California technology ecosystem.  Randy also manages and presents PwC’s Southern California MoneyTreeTM Report, a quarterly survey of venture capital investment across the nation and within Southern California.   Randy was named Technology Leader of the Year in 2009 by Los Angeles County's TechWeek, and he currently sits on the advisory boards of several organizations, including: the Los Angeles Venture Association, Caltech MIT Enterprise Forum (past chair), Los Angeles Business Technology Center, USC’s Center for Technology Commercialization, SoCal Tech Group, as well as the Los Angeles Economic Development Corporation's Green Task Force.  Additionally, Randy is an inactive member of the State Bar of California.   Randy received his B.B.A., cum laude, from Western Michigan University, and his J.D., magna cum laude, from Indiana University School of Law.

Panelist Profiles

	Jim Andelman General Partner Rincon Venture Partners   Jim is co-founder and General Partner of Rincon Venture Partners.  Rincon invests in early-stage software and web-based businesses with proven revenue models and capital-efficient operating plans.  Jim is responsible for driving the fund’s investment activities as well as the firm’s operations.  Jim has more than fifteen years of experience in venture capital investing, technology investment banking and advisory services and strategic business consulting. Previously, Jim led software investing activities at Broadview Capital Partners, a $250 million expansion-stage venture capital firm. There, he was responsible for developing investment themes, sourcing investment opportunities, performing company assessments, negotiating and executing transactions, and advising portfolio companies. Jim led the assessment of over 300 investment opportunities and participated in the deployment of $78 million across five portfolio companies, four of which exited via acquisition despite a challenging macroeconomic environment.   Before BCP, Jim was a member of the Technology Investment Banking Group at Alex. Brown & Sons.   There, he concentrated on equity private placements, mergers and acquisitions and initial public offerings in the software sector, with additional experience in IT services, computing equipment, networking equipment, imaging, semiconductors, semi capital equipment and storage. Jim began his career with Symmetrix, a boutique management consulting firm founded by a Bain & Co. founder, which helped to create strategic advantage through the application of technology.  At Symmetrix, Jim specialized in strategy formulation and economic modeling.   Jim received his MBA with highest distinction (first in his class) from the Amos Tuck School at Dartmouth College, and his BS in Economics (magna cum laude) from the Wharton School at the University of Pennsylvania. Jim serves on the Boards of Directors of Brickfish, Campus Explorer, Digital Performance and Iconix Video, and has Board oversight responsibility for Soliant Energy. He previously served on the Boards of Cadforce (acquired by Neilsoft) and Packet Island (acquired by BroadSoft). In addition, he serves on the Boards of Directors of the Los Angeles Venture Association and Friends of Yosemite Search and Rescue, and on the Advisory Board of the Douglas Family Preserve.
	Jim Armstrong Managing Director Clearstone Venture Partners   A successful and experienced early stage venture investor across a variety of enterprise and consumer facing technology companies, Jim has established himself as a leading investor based in Southern California. Since joining Clearstone early in its formation, Jim has applied his experience and industry contacts to help Clearstone companies deliver a strong record of venture performance. Jim's work at Clearstone is focused on information technology investments, with particular interest in consumer internet, application software and internet enabled business processes. Jim has been recognized as one of the top 50 Venture Capitalists in the United States by Forbes Magazine. Jim joined Clearstone Venture Partners in 1998 from Austin Ventures, a leading venture fund, where he spent three years supporting investments in a variety of early stage companies. Jim also worked with idealab, the incubator, in the late 90’s, helping to guide and fund a variety of early Internet companies.   Jim led Clearstone’s current investments in Internet companies SupplyFrame, Internet Brands (NASDAQ: INET), Vast, Six Degrees Games, and LeisureLink, as well as in Enterprise Software companies Integrien and Composite. Jim actively represented Clearstone's early stage investments in former portfolio companies Comet Systems (acquired by Miva), PayPal (acquired by eBay as a public company), United Online (NASDAQ: UNTD), Jump Networks (acquired by Microsoft) and TriVida (acquired by BeFree).   Jim holds a BA in Economics from the University of California at Los Angeles and also holds an MBA from the McCombs School at the University of Texas at Austin.   You can follow Jim’s thoughts on Internet trends, investing and venture capital at www.socalvc.blogspot.com.
	Klaus Koch Managing Partner Vicente Capital Partners   Klaus Koch is a Managing Partner of Vicente Capital Partners.  He has been a senior investment professional in three such partnerships over the past decade. Klaus began his career with the LEK Partnership where he focused on strategic M&A projects and privatization support for the German government.  Klaus later went on to work with Goldman Sachs in Mergers and Acquisitions.  He has worked on numerous M&A transactions in areas such as medical devices, satellite equipment and services, paper products and car rental services. In 1996, Klaus joined Bain & Co. in their LBO, Technology and Healthcare practices.  During this time, Klaus advised such firms as Apollo Advisors, McCown De Leeuw, TRW and SGI. Klaus has led several successful investments to exit including Rent.com (acquired by eBay), O2 Science (acquired by Pacific Pulmonary Services), Sensor Systems, Alta Healthcare System, Newbridge College, LivHOME and Transoft Networks (acquired by Hewlett-Packard). Currently, Klaus is Chairman of the Board of Sendio and MedBridge Healthcare. Klaus Koch is an active participant in the Southern California venture community.  He is a board member of the Los Angeles Venture Association (LAVA) and a frequent speaker on the subject of private equity.  He received his Master’s degree from Harvard Business School with distinction and a Bachelor of Science degree in Economics from the Wharton School summa cum laude.
	Ivan Ivankovich Founder iFinance LLC   Ivan brings more than 22 years of finance and operations management experience. His primary focus is working with early stage companies as well as supporting the financial and operational requirements of venture firms and private equity groups and their portfolio companies. His industry experience includes technology (primarily software), Internet services, online advertising, digital media and telecommunications. Ivan also has business transaction experience both on the buy and sell side participating in the diligence, negotiation and transition/integration of companies. He has particular expertise in financial reporting, budgeting and forecasting, financial modeling, cash management, financial and operational processes.   In addition to his role as the senior finance executive for various early and later stage companies, Ivan served as CFO of YellowPages.com, Vice President, Portfolio Operations with Platinum Equity, a global acquisition firm specializing in the operation of technology companies. Ivan's primary responsibility was the management and operational supervision of its portfolio companies. He led the transition of acquired companies into stand-alone entities and served as interim CFO implementing critical financial and operational infrastructures and processes.   Ivan started his career with Ernst & Young joining their audit practice in Los Angeles. He is a Certified Public Accountant and a member of the California Society of CPA's.

Event Pricing  

Cancellation Policy

• Breakfast/Event cancellations must be received and confirmed by NOON the day before the breakfast/event to receive a refund. Email info@lava.org to submit a cancellation. Your cancellation is not effective until LAVA Member Services responds to confirm.
• No-shows and late cancellations will be charged the full breakfast/event price
• Late registrations (after the online pre-reg cutoff) are non-refundable

Payment Policy

Registrations must be made online via Credit Card - Visa, MasterCard and American Express cards are welcomed. In special circumstances, checks will be accepted before the event at the discretion of LAVA Member Services. Any checks not received in time will require credit card payment onsite.

Company Showcase

About Core Performance Center:

 

Set aside everything you think you know about a gym.  Core Performance Center is a complete approach that incorporates the four fundamentals of Mindset, Nutrition, Movement, and Recovery – all four working together to create success that's sustainable and unique to you. This is a place where you define success and we’ll create a program to make it happen.  http://blog.wired.com/gadgets/2008/10/core-performanc.html and www.coreperformancecenter.com. 

 

Core Performance Heritage:

 

Athletes’ Performance has firmly established itself as the world leader in providing integrated performance training services to elite athletes, including NFL first-round picks (9 in 2009), NFL veterans (over 180 currently in the NFL), MLB All Stars (8 in 2009), seven NBA first-round picks, and elite teams including the Los Angeles Dodgers, United States Men’s and Women’s National Soccer Teams, LA Galaxy, German National Soccer Team and leading club teams around the world across most major international sports.

 

Core Performance Center uses the same systems, methodology, and specialists to deliver the most personalized training and nutrition to the top performers in life.  The Core Performance System is a proven approach, with a history, credibility and validated track record of success.  Our facility in Santa Monica is designed to help members get the most out of their training and to maximize their time in an efficient manner.

Sponsor Profiles

Vintage Filings, a division of PR Newswire, is a full service financial filing and printing firm. With over 4,000 public company clients, Vintage has quickly become the fastest growing EDGAR firm nationwide. With the constant changing requirements in SEC filing regulations for public companies, Vintage Filings works in partnership with our clients to file their documents in an accurate and expeditious fashion. The companies and firms we work with, now more than ever, appreciate our unique service structure and cost saving solutions. We provide full service EDGAR filings and print services in a prompt manner enabling public companies and their attorneys to stay focused on their core business.

Our services include: EDGAR filings XBRL tagging; Drafting sessions; Section 16 filings; Printing services; Typesetting; Virtual Data Room; Boardroom Communications. www.vfilings.com

Annual Sponsor Profiles

About the Graziadio School of Business and Management

 

Founded on the core values of integrity, stewardship, courage, and compassion, Pepperdine University’s Graziadio School of Business and Management has been developing values-centered leaders and advancing responsible business practice since 1969, offering fully accredited MBA, Masters of Science, and bachelor’s completion business programs. More information at http://bschool.pepperdine.edu.

 

About Atenga

 

We have served clients spanning industries as diverse as professional services - consumer packaged goods to computer software to medical devices – all of whom share a desire to make more intelligent, higher-ROI pricing decisions. Our mission is to help companies make data-driven pricing and profitability decisions at the most granular possible level.

 

About Gemini Partners

 

Gemini Partners, Inc. is a Los Angeles-based boutique investment bank providing a wide range of value-added services to middle market private and public companies. Gemini is comprised of a select group of top Wall Street banking alumni, ex-corporate executives, and valuation experts with MBA’s from the nation’s leading institutions.  Gemini Partners professionals possess decades of investment banking, operational, and financial advisory experience. At Gemini, we combine the expertise of a tier one Wall Street firm with the personal attention and service of a boutique company. Our engagements are characterized by a high level of hands-on involvement at the senior level to ensure superior execution. As a firm, we aim to provide a level of personalized attention that engenders long term trust. www.geminipartners.net

 

About Loeb & Loeb

 

Celebrating our 100th anniversary in 2009, we are a national law firm with nearly 300 attorneys focusing on select core industries and practice areas. The firm represents multi-national, Fortune 100 companies in their mid-market transactions and litigation matters, and serves as primary outside counsel to a multitude of mid-market clients. The firm also represents clients ranging from high tech start-ups to high net worth individuals and families. The firm has an established history and nationally-recognized reputation in the entertainment and media industry, and is highly regarded for its depth in financial services and real estate. Loeb & Loeb has four offices located in Los Angeles, New York, Chicago and Nashville, and has applied to open a representative office in Beijing. For more information, please visit www.loeb.com.

 

Stubbs Alderton & Markiles, LLP is a corporate, securities and intellectual property law firm focusing on the representation of emerging growth and technology companies, middle market public companies, large technology companies, investors, private equity funds, investment bankers and underwriters, and clients in the entertainment industry. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. Our strategy is to partner with our clients to provide legal services within our expertise, and identify and manage the most appropriate legal and other resources to provide expertise outside of our core disciplines. www.biztechlaw.com

 

About CBIZ Accounting, Tax & Advisory Services, LLC and Mayer Hoffman McCann P.C.

CBIZ Accounting, Tax & Advisory Services, LLC (CBIZ) is one of the largest providers of professional business services in the United States. CBIZ provides a full range of professional services to growing public and private companies, including: accounting, tax, valuation, M&A, internal audit services, and SOX compliance among other services. These services are provided throughout a network of more than 160 offices in 34 states and the District of Columbia.

 

Mayer Hoffman McCann P.C. (MHM) provides attestation services by working through a close association with CBIZ. MHM is a national CPA firm, with more than 30 offices in key financial centers across the country. MHM was founded 50 years ago and has been helping emerging companies grow since its inception.

 

MHM specializes in providing high quality attest services, including auditing services for SEC registrants, companies considering going public and privately held companies with an emphasis on companies in the middle market. With a strong national presence and international capabilities through its international association, MHM provides clients with stability and access to extensive resources - all with first-rate responsiveness and personal attention.

MHM P.C.'s comprehensive range of services includes audits, reviews, compilations, projections, forecasts, litigation support, and agreed upon procedures. Together, CBIZ and MHM P.C. combined rank as one of the top ten accounting providers in the United States. www.mhm-pc.com

 

Toronto Stock Exchange... An exchange of opportunity

 

Toronto Stock Exchange is the right choice for issuers with solid track records of business management. Known for our high standards of transparency and fairness, and our innovative approaches to trading, TSX offers our approximately 1,500 senior issuers a dynamic market to raise capital. TSX issuers raised $46 billion in 2005, the third highest value of financings among members of the World Federation of Exchanges.

 

TSX is the global leader for listing mining and oil and gas companies operating around the world. Issuers list a number of different types of securities on TSX, including conventional securities and innovative equity-related products such as exchange-traded funds, income trusts and investment funds.

 

TSX provides opportunities to access public equity capital efficiently, liquidity for existing investors and the prestige and market exposure associated with Canada's senior exchange. www.tsx.com

 

Silicon Valley Bank is the premier commercial bank for companies in the technology, life science, venture capital/private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients’ success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services.  More information on the company can be found at www.svb.com.

 

TroyGould is a prominent Century City law firm representing start-up to middle-market companies since 1970. Its corporate and securities group has considerable experience in organizing, structuring and financing early stage companies, as well as reverse mergers, IPOs, SPACs, PIPEs, Form 10 filings, mergers and acquisitions, private placements, tender offers, debt financings, proxy solicitations, exchange listings, equity compensation plans and general corporate matters. The firm also counsels these companies in IP, tax, real estate and employment matters and provides cost-effective litigation services in a variety of areas, including misappropriation of trade secrets, unfair competition, securities and breach of contract. www.troygould.com

 

PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 140,000 people in 149 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

 

PricewaterhouseCoopers is the service provider of choice to venture capital and private equity firms around the world. While we are known for providing specialized tax and assurance services to clients, we also recognize that venture capitalists succeed only when their portfolio succeeds. Consequently, our approach to serving venture capital and private equity clients is oriented around helping portfolio companies turn their visions into reality.

 

In that regard, PricewaterhouseCoopers has helped countless start-up companies develop their business plans, secure financing, execute their strategy, build value and create wealth through IPOs, merger transactions and other liquidity events. www.pwc.com

 

Nixon Peabody LLP is one of the largest multi-practice law firms in the United States, with 17 offices and over 700 attorneys working in 15 major practice areas.  The firm's size, diversity and state-of-the-art technical resources enable us to offer comprehensive legal services to organizations and individuals of all sizes in local, state, national and international matters.

 

Nixon Peabody's Venture Capital, Emerging Growth & Technology practice addresses California's emerging growth and technology marketing in a comprehensive and holistic manner - from the investor's side, as well as the portfolio company's side.

We represent emerging growth companies from incorporation through initial public offering or acquisitions, and public companies on corporate and securities needs. We also have a nationally ranked practice representing venture capital funds.

Nixon Peabody's services for companies concentrate on corporate counseling, venture capital financing, domestic and international strategic transactions such as licensing and joint ventures, mergers and acquisitions, PIPEs and public offerings, tax, executive compensation and employment law, intellectual property portfolio review and patent prosecution, and intellectual property litigation. Our services for venture capital firms consist of fund formation and management, portfolio company investments, board of directors and executive compensation matters, portfolio review, and intellectual property audits and representation.

 

FORTUNE® magazine named Nixon Peabody as one of the "100 Best Companies to Work For" two years in a row in 2006 and 2007. Our San Francisco office was recognized by the San Francisco Business Times as one of the "Best Place to Work" in 2006. For more information please visit us at www.nixonpeabody.com.