End Games and Exit Strategies
Meeting Overview:
The IPO market appears to be opening up with earlier stage companies commanding a growing part of the IPO mix. Yet M&A is still the preferred path to liquidity for most companies. Positioning your company at the outset to be acquired is both a sensible and well-regarded business model attractive to investors. What else have companies done to "position" for their exit? Our speakers will talk about End Games and Exit Strategies emphasizing the preparation, structuring, and negotiations and how to make the best possible deal.
Panel:
Moderator:
Meeting Site and Cost:
5:15 PM Pre-meeting
Dinner
Bertucci's Restaurant
475 Winter St., (exit 27B off Route 128), Waltham, MA ("pay-as-you-go")
7:00 - 10:00PM
Meeting Presentation
Bay
Colony Office Park, 1100 Winter Street, Waltham, MA
There is a $20.00 fee for nonmembers of ENET.
No reservations are necessary for either the meeting or dinner
Click here for directions and a map to the dinner and meeting
Panel:
Paul was the founder and engineering director at Crosscomm where he developed the initial hardware product line that took Croscomm to IPO in 1992. Crosscomm was a bridge/router company which sold its products to enterprises such as Walt Disney, TRW and United Stationers. He was a founder and VP of Engineering at Net2net where he led a development team which produced ATM analyzers and customer premise QoS measurement products. Net2net products were OEM�ed via HP and Network General, among others. Net2net was acquired by Visual Networks in 1998 at substantial profit to investors and employees. He was a founder, CTO and initial CEO at Seranoa Networks. Seranoa sold Internet access aggregation products to the telecom industry. Seranoa sold its intellectual property and product line at a loss to White Rock Networks in 2005.
Richard D. Gill, Ph.D. Launchpad Venture Group
www.launchpadventuregroup.com
Launchpad is a Boston-based angel investment group with over 60 active
investors. They invest between $100,000 and $500,000 in early-stage
companies addressing significant market opportunities where their
investment can make a difference. They work with the company to proceed
to the next stage.
Dr. Gill has an extensive track record in starting and building
businesses, as well as facilitating company turnarounds, in both the
public and private. He is an
active member of Launchpad, where he has been influential in the
formation of numerous biotechnology companies. He now serves as
President and
CEO of Pronai ProNAi
Therapeutics, Inc. an emerging biopharmaceutical company leveraging its
nucleic acid-based interfering technology, to advance a next generation
of therapies for patients with cancer and other complex genetic
diseases.
Prior ProNAi, Dr. Gill was the President and CEO of
Signet Laboratories. He also headed-up AnVil, Inc., ActiveCyte, Inc.,
and Genome Therapeutics , now Oscient Pharmaceuticals (NASDAQ: OSCI).
He has held senior positions at BTG International, Inc., and Unilever
plc in the United Kingdom. Dr. Gill received his Ph.D. in Endocrinology
and a B.Sc. with honors in Physiology and Biochemistry from Reading
University, UK.
www.3i.com 3i is a world leader in private equity, each year investing �1.5 billion supporting people who start, grow, change and buy businesses. For over 60 years they have worked with talented management teams to develop businesses that have potential for significant growth.
Jiong focuses on semiconductor, systems, and cleantech investments. Jiong is a director of Carbonite and is actively involved with 3i companies Konarka, Mimix Broadband, Amberwave Systems, and DAFCA. Prior to joining 3i, Jiong held several senior positions at Lucent Technologies and Bell Labs. Jiong also is one of the founding members of Onetta, a networking startup backed by Sequoia Capital and Matrix Partners. Earlier, Jiong also worked as a member of the technical staff for Nortel Networks. Jiong is a Kauffman Fellow, received a Ph.D. in Electrical Engineering from the University of Colorado at Boulder, an MS in Electrical Engineering from the Worcester Polytechnic Institute in Massachusetts, and a BS in Physics/Electrical Engineering from Lanzhou University, China. Jiong has published or co-authored 15 technical papers, and is an inventor of one U.S. patent Jiong is a native speaker of Mandarin Chinese.
Anton Teodorescu, Partner IBM Venture Capital Group
www.ibm.com/venturecapitalgroup Anton has over a 20 year career with IBM. He joined IBM�s Venture Capital Group in 2001, and currently works closely with the Venture Capital community in New England, as well as the portfolio companies in which they invest. He helps facilitate linkages between startup companies with promising solutions or technologies with the different parts of IBM that could best leverage them for the mutual benefit of their customers.
Anton began his career at IBM in 1985 as part of the Marketing team, developing solutions for the Financial, Healthcare and Education industries. He then joined the newly forming IBM Global Services as a Consultant in the Workstation and Interconnectivity areas. Taking on the Principal role within IGS, Anton led the design, implementation and support engagements for several large clients in the Banking, Insurance, Healthcare and Education industries. He began to focus more on emerging technologies, making the link between IBM Global Services and the newly emerging startup companies of the developing technology boom. Anton holds a B.A. Degree in Engineering and Applied Science from Harvard College, a Master�s Diploma in Computer Science from Cambridge University and an MBA from the MIT Sloan School of Management.
Lawrence C. Grumer, Managing Director, Technology Associates & Alliances (TAA)
www.taacorp.com TAA is a management advisory and investment company Larry founded in 1994 that commercializes technology for early-stage technology ventures and corporate spin-outs with go-to-market strategy, capital formation, business transition and profitable growth execution. His most recent venture which he co-founded is Elecsci Corp. a high tech start-up company with 24 patents issued/pending developing Energy Harvester devices that �couple� motion from the environment or from �walking around� and converts this to useful electrical energy. He has founded five companies.
Larry has 25 years of technical, marketing and business management leadership with technology based industrial and R&D organizations. His professional career spans both commercial and government markets within large corporate and smaller entrepreneurial businesses. Previously Larry held profit & loss management positions at Textron (Avco), Arthur D. Little, Marketing Dynamics, John Brown Group, and Foster-Miller where he helped effect their business turn-around. He received a BS in Engineering and an MBA with high distinction in International Marketing and Finance concentration from Northeastern University. He has held a Top Secret clearance.
For more information contact Lawrence C. Grumer at 585-292-8241 or email at [email protected].
![]() |
|||||||||
|
|
|
|
|
|
|
|
|
|
|
![]() |
|||||||||