NASVF - Annual Conference: Program
National Association of Seed and Venture Funds

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NASVF Annual Conference, Detroit
Hosted By Michigan Economic Development Corporation
Sponsored By





Conference Program

Our program begins with a welcome reception on Wednesday evening, September 10th. We'll have up-to-the-minute sessions Thursday and Friday on how to create and raise a fund, make the best investments, understand new industry trends, and manage your investees. Thursday evening is our gala reception held at the Detroit Institute of Arts, and after Friday sessions we will have our closing lunch. By Friday at 2 pm, you will have had an information and networking-packed 48 hours!


Wednesday, September 10, 2008

6:30pm-8:00pm
Opening Reception

Brief Remarks by James Epolito of the Michigan Economic Development Corporation.
Join your colleagues for an informal reception to kick off the conference. Let the networking begin!

Sponsored by Airfoil Public Relations, Automation Alley and Ann Arbor Spark


Thursday, September 11, 2008

7:15am-8:30am
Breakfast
Enjoy a hearty breakfast to start your conference day.

8:30am-9:30am
Concurrent Sessions

A. Crossing the Chasm: Connecting Angel, Seed, and Growth Capital
How can we work together to get portfolio companies from the seed stage to net positive cash flow?

Moderator:
Steve Mercil, RAIN Source Capital

Speakers:
John Banta, IllinoisVentures
Art Hiemstra, Vencore Capital
John Huston, Angel Capital Association
Tim Petersen, Arboretum Ventures

B. University Innovation and Entrepreneurship: Best Models
Kauffman Foundation Vice President Lesa Mitchell presents model techniques where “proof of concept” programs turn researchers into entrepreneurs.

Session Sponsored by the Ewing Marion Kauffman Foundation

Introduction:
Penny Pickett, Ironwood East, LLC

Moderator:
Lesa Mitchell, Ewing Marion Kauffman Foundation

Speakers:
Alec Dingee, MIT Venture Mentoring Service
Stephen Fleming, Georgia Tech Enterprise Innovation Institute
Rosibel Ochoa, UC San Diego Von LIEBIG Center

9:45am-10:30am
Concurrent Sessions

A. Building Value Beyond Boston and the Bay: Regional Fund Managers Speak
Regional fund managers tell the good and the bad about finding and funding potentially great companies outside of the big venture markets.

Moderator:
Mel Carter, Credit Suisse

Speakers:
Mary Lincoln Campbell, EDF Ventures
John Fletcher, Fletcher Spaght, Inc.
Koleman Karleski, Chrysalis Ventures
John Rice, Triathlon Medical Ventures

B. State Venture Capital: What’s New
U.S. states now have over $2.3 billion in capital under management in state venture funds and funds of funds. Most of this capital is devoted to seed and startup companies, aimed at the gap left by the increasing number of private funds moving to later stage. Our panel will discuss how you can get good venture capital programs adopted in your state, and help you ensure that capital is deployed wisely.

Moderator:
Catherine Renault, Maine Office of Innovation

Speakers:
Michael Chrobak, Office of the Governor of Texas
Harry Huntley, InvestSC, Inc.
Cindy Douglas, Michigan Economic Development Corporation

10:30am-11:15am
Networking Break

11:15am-12:15pm
Concurrent Sessions

A. Clean Tech: Where are the Real Opportunities?
Top players in cleantech discuss current deal flow and valuations, how much capital is being aimed at cleantech, plus the impact of the price of oil and government involvement in this space.

Session Sponsored by Butzel Long and Whitehall Group, LLC

Co-Moderators:
Rick Manczak, Butzel Long
Joseph Bione, Whitehall Group, LLC

Speakers:
James Croce, NextEnergy
Mike Fetcenko, Energy Conversion Devices
Rodrigo Prudencio, Nth Power

B. Forming Your Fund: Fund Structures that Work
Seasoned experts exchange views on how best to structure and position your fund for success in fundraising and management. Hear from national experts on what to consider from the legal, management, and marketing perspectives.

Session Sponsored by Pepper Hamilton LLP

Moderator:
Mike Staebler, Pepper Hamilton LLP

Speakers:
Dan Fleming, River Cities Capital Funds
Jason Karlinsky, Credit Suisse
Ray Kraftson, Ariane Capital Partners

12:30pm-2:00pm
Lunch

Keynote Speaker to be Announced Soon!

Sponsored by Angelsoft

2:15pm-3:15pm
General Session

LPs Speak: How We Choose Regional Funds
Can your fund attract institutional capital? Key LPs that invest in regional funds give you guidance.

Session Sponsored by Credit Suisse

Introduction:
Karen Kerr, Agile Equities

Moderator:
Kelly Williams, Credit Suisse

Speakers:
To be Announced Soon

3:15pm-3:45pm
Networking Break

3:45pm-4:45pm
General Session

Creating Clusters: The State and Local Roadmap to Entrepreneurship
How can cities and states “grow their own” entrepreneurs? Tim Kane of the Kauffman Foundation tells how states and localities can – and do – develop entrepreneurial clusters.

Moderator:
George Lipper, NASVF

Speaker:
Tim Kane, Kauffman Foundation’s Growthology

6:30pm-8:30pm
Gala Reception

Detroit Institute of Arts
Nibble and network in splendor at the recently renovated and elegant Detroit Institute of Arts. Enjoy the Rivera Court with its unsurpassed collection of Diego Rivera murals. Michigan Governor Jennifer M. Granholm plans to join us.

Sponsored by Michigan Economic Development Foundation and University of Michigan’s Zell Lurie Institute


Friday, September 12, 2008

7:15am-8:30am
Breakfast

Sponsored by Honigman Miller Schwartz and Cohn LLP, the Michigan Venture Capital Association and Dykema
8:00am-8:30am

8:30am-9:30am
NASVF Membership Meeting, prospective members invited too!

Concurrent Sessions

A. Re-Engineering the Great Lakes Entrepreneurial Economy
The bi-national Great Lakes region can continue to model what economic regions will look like in the global economy – and how they can thrive. So claims a recent Brookings report. Can this mature region be “born again” ? Economic leaders from the Great Lakes region debate.

Session Sponsored by Miller Canfield

Introduction:
Richard Walawender, Miller Canfield

Moderator:
Ned Staebler, Michigan Economic Development Corporation

Speakers:
Jim Blanchard, former Governor of Michigan, DLA Piper
Jack Lavin, Director of Illinois Department of Commerce
Frank Samuel, Brookings Institute

B. Anatomy of a Failure: Trauma and Recovery in Portfolio Companies
Fund managers admit their mistakes and discuss trauma surgery techniques to rescue the company while limiting the loss of blood, sweat and capital.

Moderator:
Rich Bendis, Bendis Investment Group LLC

Speakers:
Rebecca Bagley, Pennsylvania Department of Community & Economic Development
Tim Fusco, Miller Canfield
Steve Mercil, RAIN Source Capital
Bob Okabe, RPX Group

9:45am-10:45am
Concurrent Sessions

A. Corporations and the Government as Mothers of Invention: Giving Birth to New Companies
How do the big behemoths – large corporations and the government – create new entrepreneurial companies?

Moderator:
Richard Fox, Astralis Group LLC

Speakers:
Michael Bauer, Foundation Capital
Jayson Pankin, Delphi Corporation
Stephen Socolof, New Venture Partners LLC
Ralph Taylor-Smith, Battelle Ventures

B. No Exit? Now What? Managing your Portfolio During an Economic Downturn.
No one wants to say the “R” word. But whatever you call it, economic times are tough. Hear from experienced fund managers on how to handle a down market.

Moderator:
Trish Brasted, Wichita Technology Ventures

Speakers:
Lon Chow, Apex Venture Partners
John Neis, Venture Investors LLC
Steven Weinstein, Novartis Venture Funds

10:45am-11:15am
Networking Break

11:15am-12:00pm
Concurrent Sessions

A. Managing a Small Fund: To Affiliate or Not to Affiliate.
If you don’t have a big back office, should you join forces with a network of funds? The pros and cons of joining up or going it alone.

Moderator:
Steve Grizzell, Innoventures Capital Partners

Speakers:
Matt Harris, Village Ventures
Matt McCall, DFJ Portage
Marc Weiser, RPM Ventures

B. Their Turn: Entrepreneurs Who’ve Built Companies in “Fly Over” Cities Speak
Listen to the lessons learned by entrepreneurs who weren’t born in Silicon Valley – and get clues you can use to find and grow great companies where you live.

Moderator:
Charles Ross, ATDC Seed Capital Fund

Speakers:
Dave Brophy, University of Michigan Center for Venture Capital
Josh Linkner, ePrize (Founder and CEO)
Roger Newton, Esperion Therapeutics (Co-Discoverer of Lipitor)

12:15pm-1:45pm
Lunch

Keynote Speaker to be Announced Soon!
The 2009 NASVF Annual Conference host, Roy Williams of the Oklahoma City Chamber, will tell you what to expect in OKC next year.

Sponsored by the Greater Oklahoma City Chamber