Location
Sheraton Delfina Santa Monica
Link
530 W. Pico Blvd.
Santa Monica, California 90405


Agenda
6:00-7:00 PM Networking
7:00-9:00 PM Dinner & Presentation

Cost
Members $35
Non-members $60

Parking
Complimentary

This event is sponsored by:






Or Call (310) 325-4000

 

Los Angeles Chapter

SHOOTING FOR THE GOAL:
TECH COMPANY STRATEGIES FOR SUCCESSFUL EXITS

October 5, 2006

A panel of Technology Industry buyers, successful sellers, capital providers and advisors share their experiences and advice on technology company exits and transitions.

Topics include:

  • Deciding which option to choose; Sale or Recapitalization
  • What issues affect these decisions
  • Valuation: Keys to consider
  • Finding Buyers/Financing Partners
  • Structure: The financial and non-financial core deal terms
  • Legal and financial advisors: Their role and utility
  • Preparing for an exit: The groundwork that should be done before a sale or recapitalization

Who should attend:
Technology Company CEOs, CFOs, and entrepreneurs and advisors to the industry.

The panelists have directly useful experience with company exit planning, preparation and execution. This experience will be presented in a lively, interactive format which welcomes audience participation. Learn how acquisition targets can maximize their price; what buyers do on their side. What works and what doesn't.

Panelists:


Moderator: Jay Molloy, Katten Muchin Rosenman LLP


About the Speakers:

Jeff Anderson of Mellon Ventures
Jeff Anderson is a Managing Director of Mellon Ventures in Los Angeles and manages its Technology practice group. He brings over 13 years of venture capital experience and currently focuses on software infrastructure (Ario Data Networks, SOA Software, Inovis) as well as communications (AccessLine Communications, Nomadix) and Internet applications for consumers and the enterprise (Cooking.com, HireRight, MarketRange). He has led or sponsored Mellon's investments into a number of successful technology companies, including Exult (EXLT), Lexar Media (LEXR), Multex (acquired by Reuters), Netscaler (acquired by Citrix) and Snap Appliance (acquired by Adaptec).

Prior to joining Mellon Ventures in 1997, Jeff was with BA Venture Partners, a venture capital partnership sponsored by BankAmerica Corporation, where he focused on information technology software and services opportunities. Jeff has also worked as a Vice President in Bank of America's Corporate Banking office in San Francisco and in product development at The Charles Schwab Corporation.

Chuck Davis of Fandango, Inc. (former CEO of Shopzilla)
Chuck Davis is the Chairman and CEO of Fandango, Inc., one of the Web’s top movie destinations, with nearly 5 million unique visitors per month (Nielsen//NetRatings, June 2006), and the nation’s largest online, phone and mobile movie ticketing service, exclusively selling tickets to 14,000 screens across the country. Prior to joining Fandango, Davis was the President & CEO of Shopzilla, Inc., formerly BizRate.com, leading the company from its infancy in 1999, before it had material revenues, to its acquisition by the E.W. Scripps Company for $569 million in June 2005, and its current status as the largest, most profitable, and fastest growing comparison shopping site online.

Prior to Shopzilla, Davis was President of e-Commerce for The Walt Disney Company Internet Group where he launched disneystore.com, disneytravel.com, and several other properties, in addition to heading the unit’s advertising and marketing efforts. Previous to his work at Disney, Davis served as senior vice president of consumer marketing and circulation at News Corporation’s TV Guide, where he was the last executive to increase the subscription net paid circulation, and as a marketing and finance executive at Time Inc.’s Sports Illustrated, Time, and Life Magazine properties. Currently, Davis serves as a Director on the Boards of Business.com, LeadPoint, Inc., Loyalty Lab and the Young Presidents’ Organization (YPO), Los Angeles Chapter.

Scott S. Ingraham, Founder of Rent.com
Mr. Ingraham is an investor and consultant currently acting as an advisor to eBay with respect to eBay Real Estate and Rent.com, an Internet company he co-founded and led as Chairman and CEO before the Company was sold to eBay for $433 million in February, 2005. Rent.com is the largest apartment leasing service in the nation and is the 3rd largest real estate web site as measured by visitor traffic.

Before founding Rent.com, Mr. Ingraham was the CEO, President and co-founder of Oasis Residential, a NYSE-traded apartment REIT that was sold to Camden Property Trust (CPT) for $1 billion in April, 1998 with Mr. Ingraham serving on Camden's board since the merger was consummated. Mr. Ingraham also serves as a director on several other boards including LoopNet (LOOP), the nation's largest commercial real estate listing web site, LeadPoint, the world's first online marketplace that facilitates the buying and selling of business leads and Golfnow.com, a prominent booker of tee times across the country.

Mr. Ingraham has devoted his entire career to real estate-related businesses and has started up three successful companies since becoming an entrepreneur in January of 1982. Prior to starting his first company Mr. Ingraham worked for six years as an institutional investor and financier in commercial real estate after receiving his BBA in Finance from the University of Texas at Austin.

Steve Jillings, (former CEO of Frontbridge)
Steve joined FrontBridge Technologies and President & CEO in March 2002 and was responsible for taking the company from a startup to a global leader in managed messaging services. Tasked with driving the company's strategic direction and growth, Steve built a world class management team focused on execution. Raising $28M in three rounds of funding allowed the team to build a broad portfolio of services combined with at the largest global distribution footprint in the managed messaging space. The growth and accomplishments in that timeframe led to the successful sale of the company to Microsoft in August 2005. Steve brought more than 20 years of business building experience to FrontBridge, specifically in the areas of corporate finance, sales, marketing, and technology. Prior to FrontBridge, Steve was a co-founder and Executive Vice President of Voyus, a recurring revenue IT services company based in Vancouver, Canada. Founded in March, 1998, Voyus grew to more than 225 employees and $22 million in service revenues within 24 months. Prior to that, Steve was President of the CRI Group of Companies, comprising four National Services firms that were sold to a Texas-based public company in 1997. Steve has been responsible for seven start ups throughout his career, taking them from inception to commercialization and eventual liquidity.

Jamie Somes of Alexander Dunham Capital
Jamie Somes has been active in the media, IT (with software emphasis) telecommunications, consumer and related technology areas as a financial advisor and principal. He has been on various boards including, most recently, Liquid Audio, Inc. (formerly NASDNM: LQID) where was Chairman and Chair of the Special Committee (and served on the Compensation and Audit Committees) as well as Publishing Systems Inc. and System Integrators Inc. (pre-print software systems for the newspaper industry) At Liquid Audio (a northern California-based software company providing digital distribution of media and music over the internet), he was appointed as a Director (August 2002), Chairman of the Special Committee and was named Chairman of the Company on November 18, 2002.

Other transaction experience in media, consumer and the technology/telecom areas have included:
7Up/RC Cola Bottling (largest independent beverage bottling company); Advanced Gaming Technology (electronic gaming); Hand Gear (wireless mobile data /PDA); Liquid Audio (digital music content/ rights payment management software); Long Distance International (international telecom); Digital Video Systems (DVD player manufacturer); System Integrators (newspaper publishing systems software).

Jamie is also a founder and Senior Managing Director of Alexander Dunham Capital, a boutique merchant bank (including a broker/dealer subsidiary) advising growth-stage to middle market western states companies on capital formation (public and private companies), acquisitions, mergers, and general corporate finance issues. Previously, he helped establish Security Pacific's west coast mezzanine fund. In addition, he was a Vice President at Citicorp's Leveraged Capital Group in Los Angeles and at Citicorp's Asian Merchant Bank in Hong Kong. Also, he was a Managing Director and Founder of Ambient Capital Group, a middle market Investment Bank. He began his finance career at J.P. Morgan. He has originated, structured and placed over 75 leveraged transactions, acquisitions, private equity and mezzanine transactions amounting to over $6 Billion over the past 20 years. He has founded 6 companies and served as a director in 8 companies. He has a BA from Tufts University and an MBA from Columbia University (and MS in Urban and Regional Planning under the Joint Masters Program at Columbia).

 

 

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