Angels State-of-the-Union Address...Seed Investing in a world of Bubbles, Scouts and Incubators
10:00 AM Pacific / 1:00 PM Eastern
Date: June 14th, 2012
Time: 1:00 pm EST / 10:00 am PST
Introductions/Moderator: Indy Guha from HBS Angels and Bain Capital Ventures
Panelists: Bobby Lent (Co-Founder of Ariba, Managing Partner at Hillsven), Raj Kapoor (Managing Director at Mayfield Fund) and David Shen (Director, Launch Capital)
$10 members and $35 for non-members
This webinar is expected to run up to 70 minutes.
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2012 has already been a controversial year in seed-stage investing and, as a result, the angel community finds itself navigating through multiple disruptive trends:
- Competing for talented entrepreneurs with crowd funding platforms and an ever increasing number of start-up accelerators and incubators.
- Large VC funds launch seed investing vehicles and introduce "scouts"
- As a result, seed stage valuations are rising, seed/angel rounds are increasing and terms are getting more challenging (e.g. uncapped notes).
This discussion brings together 3 noted seed stage investors as they share their strategies for navigating this frothy market.
Managing Partner, Hillsven LLC
Bobby Lent is the Managing Partner of Hillsven LLC. The firm, started in 2001, invests and plays an active role in innovative high tech firms in the U.S.A. and Israel. Mr. Lent serves on the board of Bleacher Report, Expensify, PageOnce, OnGage, and Cyhawk Ventures.
In early 1995, Mr. Lent was the co-founder of Ariba (NASDAQ: ARBA), an enterprise software company, which is the leader in Enterprise Spend Management. From 1995 to 2000, Mr. Lent led Ariba's marketing, business development and corporate development activities, including mergers and acquisitions. Prior to that, Mr. Lent was Vice President of Marketing for Inmac, an international supplier of networking and computing equipment to Fortune 1000 enterprises. Prior to that, he held senior product-marketing positions at Quantum and Softbridge Microsystems.
Mr. Lent received his undergraduate education at U.C. Berkeley and his M.B.A. from Harvard Business School.
Managing Director, Mayfield Fund
Raj Kapoor is an entrepreneur, Internet industry pioneer and blogger (vcinme.typepad.com). He invests in the online advertising, e-commerce, consumer internet/digital media and internet infrastructure services and software segments.
Prior to joining Mayfield Fund, Raj was co-founder and CEO of Snapfish, a leading global online photo service. Raj orchestrated the sale of Snapfish to Hewlett-Packard in March 2005. Prior to Snapfish, Raj was an executive at Excite@Home, where he led the company's e-commerce and broadband applications business, driving new music, entertainment and e-commerce initiatives. Raj also held positions in strategic planning, business development and product management in consumer interactive television services at Bell Atlantic Corporation, which is now Verizon.
Raj received an MBA from Harvard Business School and a BS with honors in mechanical/robotics engineering from Carnegie Mellon University. He serves on the Carnegie Mellon Silicon Valley Advisory Council, Harvard Business School's California Research Center Advisory Board and DoSomething.org's board of directors, the largest nonprofit focused on youth engaging in social entrepreneurship. He enjoys singing in a rock band, surfing, fitness, occasional triathlons and family.
Director, Launch Capital
Dave is a mentor and strategist to internet/tech/mobile startups of all sorts, with a focus on product/UX strategy and development. He is focusing on investments in the Bay area and NYC.
Prior to joining the LaunchCapital team, Dave was an angel investor for 5 years. During this time, he invested in over 35 companies and has 4 exits. He was an early Yahoo! employee where he ran UX for almost 9 years. Dave lives and works in 3 places: SF Bay, LA, and NYC. For a longer bio, visit http://www.davidshenventures.com/bio.shtml
Senior Associate at Bain Capital Ventures
Indy joined Bain Capital Ventures (BCV) in 2007 and invests in early and growth-stage ad-tech and e-commerce companies. He works with BCV portfolio companies such as BloomReach, TellApart and SquareTrade. Supporting those founders is his favorite part of the job.
Indy was an early Product & Engagement Manager at BloomReach, working on key go-to-market issues such as traffic attribution and pricing. Previously, Indy was a consultant at the Monitor Group, working with tech companies on product launches and M&A. On the weekends, you can find Indy enjoying the Bay Area on foot, bike, or kayak. He lives in SF's Hayes Valley neighborhood with his wife and offers free coffee at Four Barrel to anyone who wants to get together and talk about great tech ideas.
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