Tag Archives: PWC

Nov. 6, 2012 SVForum PWC

On November 6, 2012, in Palo Alto at Pillsbury Winthrop, SVForum with PWC presented a Quarterly Venture Breakfast on”Gaming.” Allison Leopold Tilley of Pillsbury Winthrop moderated panelists Kathleen Borie of PwC, Patricia Nakache of Trinity Ventures and Eric Tilenius of Scale Venture Partners. They discussed the dramatic growth of gaming and social media in the mobile sector and the potential for investors.

Copyright 2012 DJ Cline All rights reserved.

Oct. 16, 2012 SVForum Cleantech Mash-Up

On October 16, 2012 in San Jose at PwC, SVForum held “The Cleantech Mash-Up: How Convergence & Innovation is Creating New Business Opportunities.” Rob Shelton of PwC moderated panelists Diarmuid O’Connell of Tesla Motors, Rachel Sheinbein of CMEA Capital and Clint Wilder of CleanEdge. Wilder is co-author of “Clean Tech Nation: How the U.S. Can Lead The New Global Economy” with Ron Pernick.

Clean tech disrupts existing economic, social and political structures. Our identity may be determined by our access to information as well as energy. It is as much about online speed as physical distance. There may be a convergence coming. Imagine using your iPhone to order a Tesla electric vehicle on Zipcar that drives itself to your house and takes you to work while you catch up on your messages. We are closer than you think. See picture below.

Copyright 2012 DJ Cline All rights reserved.

Jul. 24, 2012 SVForum PWC Mobile

On July 24, 2012, in Palo Alto at Pillsbury Winthrop, SVForum with PWC presented a Quarterly Venture Breakfast on Mobile. Stanley Pierson of Pillsbury Winthrop moderated panelists Steve Bengston of PwC, Bob Borchers of Opus Capital, Kim Morgan of Motorola Mobility and Venu Pemmaraju of Intel Capital. By definition the mobile market is in constant motion. Five years ago Europe’s infrastructure and Nokia led the way. Today, Apple’s iPhone and Google’s Android dominate the discussions. Five years ago most Facebook users were on PCs, now most are mobile as trend accelerates.

There are still challenges. Batteries face physical restraints that are addressed with software managing power. There is a debate about how much personal information should be on the device versus in the cloud. Content providers have to deal with smaller screens to accommodate advertising. Company brand managers now understand that an app can be the ad to target customers. Of course, making a purchase may not be easy. The promise of Near Field Communication (NFC) has bogged down in dealing with banks, carriers, device manufactures and merchants. The solution may already exist. Apple started iTunes selling music and then expanded to movies, television, movies, books and magazines. Amazon started selling books, but now you can buy appliances through them. How far away are we from buying a cup of coffee through iTunes or Amazon? Monetizing mobility is a moving target.

Copyright 2012 DJ Cline All rights reserved.

Jan.19, 2012 SVForum Clean Tech Sustainability

On Thursday, January 19, 2012 in Palo Alto at SAP, SVForum held a Clean Technology Conference on Sustainability. Industry leaders noted the continued demand for sustainable technolgies and business processes. A PWC report that $891 million dollars were raised by 80 startups during the third quarter of 2011.

Rami Branitzky of SAP welcomed the attendees. Chris Gill of SVForum introduced Thilo Koslowski of Gartner who gave the overview on electric vehicles. Koslowski then moderated Aaron Cohen of Coda Automotive, Harry Hobbs of InterContinental Hotels, Geoff Ryder of SAP and Byron Shaw of GM Advanced Technology. They discussed the market for new electric vehicles. It will take lots of subsidies and time convert a sizable portion of the existing fleet from gasoline to electric vehicles.

Abby Johnson of Abacus Property Solutions moderated panelists Asim Hussain of Bloom Energy, Alain Poivet of Sunplanter, Swapnil Shah of FirstFuel and Andrew Yip of PG&E. They discussed the long and short term advantages of green buildings.

Steve Bengston of PWC moderated panelists Jason Matlof of Battery Ventures, Rachel Sheinbein of CMEA Capital and Dylan Steeg of Intel Capital. The heyday of startups getting large investments for untried technologies without existing infrastructure are over.

Gil Perez of SAP moderated panelists Erich Klawuhn of Soladigm, Tsafir Oranski of Panoramic Party, Tamin Pechet of Banyan Water and Benzi Ronen of Farmigo. They talked about the specific advantages of their technologies.

Peter Graf of SAP gave the closing keynote.

John Jung and Kate Reimer of Greensmith answered questions about their advanced energy storage technology.

Copyright 2012 DJ Cline All rights reserved.

Feb. 1, 2011 SDF PWC

On Tuesday, February 1, 2011 in Palo Alto at Pillsbury Winthrop, SDForum presented a Quarterly Venture Breakfast with Pillsbury Winthrop and PricewaterhouseCoopers. Allison Leopold-Tilley of Pillsbury Winthrop moderated panelists Steve Bengston of PricewaterhouseCoopers, Tim Chang of Norwest Venture Partners, Mark Gorenberg of Hummer Winblad Venture Partners, Todd MacLean of Accel Partners and Jon Sakoda of NEA.

Where 2009 was a tough year, 2010 was a mixed year. Venture capitalists invested ten billion dollars more than they raised. Something has got to give and it will probably be the weaker VCs. Most of it went to cleantech, biotech, and medical devices facing infrastructure and regulatory obstacles. Meanwhile the mobile space grew with the demand for smart phones and the services they use.

With the economy down for so long, there is a thirst for growth. Companies with lots of cash are looking for new opportunities. The problem is the symbiotic relationship between M&A and IPOs does not work well in environment with Sarbanes Oxley and investors burned by too many bubbles. Few startups want to have an IPO and therefore have less leverage in negotiating M&As. Not every startup is like Facebook where they can attract large amounts of investment from Goldman Sachs and Russian private equity.

Which brings up the issue of foreign investment and growth. China has bigger market, more companies, more growth and more deals than the United States. While many Chinese startups come to America for the prestige of getting money from Silicon Valley VCs, eventually they may get more money staying home. The question is how to exit in a market that may be less transparent or stable.

The lack of foreign capital could mean a return to normal. At this point the number of jobs and the amount of investment in Silicon Valley are about where they were in the 1990s, before everything was caught up in the dotcom bubble. Most of the VC money in the country is still spent here. As VCs chase bigger deals, super angels are stepping in. While investors create wealth with M&As, they do not create jobs. Large companies are buying startups not just for their intellectual property but their talented employees. This process only consolidates the number of jobs. In order to increase the number of jobs, we need to increase the number of IPOs.

The next year will see the further rise of Apple, Facebook and Google platforms in the mobile space. Moving operations to the cloud will be normal. BRIC countries will continue to grow while other countries try to emulate them. After years of decline, there is a chance for growth.

Copyright 2011 DJ Cline All rights reserved.

July 8, 2008 SDF VC PWC

SDForum copy.jpgbengston-steve-face.jpgburks-sylvia-copy.jpgeichenlaub-steve-copy.jpghorning-david-copy.jpgnieh-peter-copy.jpgtrevithick-matthew-copy.jpg

On July 8, 2008 at Pillsbury Winthrop in Palo Alto, SDForum held the Quarterly Venture Breakfast Series in collaboration with PWC. They discussed trends in venture investments in Clean Tech. Steve Bengston of PricewaterhouseCoopers gave an overview of the current situation. Text from DJCline.com. Continue reading July 8, 2008 SDF VC PWC

Jan. 22, 2008 SDF VC PWC

SDForum copy.jpgsdf-apr08-pwc.jpgBengston Steve copy.jpgLeopold Tilley Alison.jpgbock-lou-copy.jpglowe-david-copy.jpgzaytsev-evgeny-copy.jpg11-22-08-pwc1-copy.jpg

On Tuesday, January 22, 2008 in Palo Alto at Pillsbury Winthrop Shaw Pittman LLP and SDForum held the fourth quarterly Venture Breakfast Series in partnership with PWC. Alison Leopold Tilley of Pillsbury Winthrop introduced Steve Bengston of PWC and moderated a panel with Lou Bock of Scale Venture Partners, David Lowe of Skyline Ventures and Evgeny Zaytsev of Asset Management Company. Continue reading Jan. 22, 2008 SDF VC PWC