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EXCITEMENT BUILDS FOR VENTURENET
By Jeff Cohn, investment screening director, Tech Coast Angels; chair, VentureNet Screening Committee

Once a year Southern California's leading venture capital funds and a select group of entrepreneurs gather to discuss the latest technology companies and investment trends. If you are in the fund raising process, chances are you have talked with many investors and venture firms from Santa Barbara to San Diego. However, there are a only few opportunities when each of these firms will be gathered in one room - where you can bypass the familiar email and voicemail filters to meet venture fund managers face-to-face.

Meeting the right venture capital partner and building a "smart money" investor syndicate is one the biggest challenges for a fledgling technology company. I always recommend to companies in the fund raising process to always look for more than just money. Value-added investors who are willing to work productively with management can make or break a company in the early stages of growth.

I have served on the VentureNet review screening committee for the last two years and was honored to be asked to chair the evaluation committee this year. The event, hosted by the Technology Council of Southern California, includes a talented group of the most active Southern California investors along with representatives from Stradling Yocca Carlson & Rauth and Delotte & Touche.
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This year's VentureNet, our eleventh annual event, will be held on September 14, 2006 at the Westin in Costa Mesa. I, along with some of the most active investors from San Diego to the Silicon Valley, hope to see you there. To register, visit www.VentureNet.org.

Want More VentureNet Visibility?
A limited number of VentureNet exhibit spaces are still available, so act now to reserve your space. Even if you're not looking for funding, by exhibiting at VentureNet you meet those who have the experience, tools and connections to help you grow your business. The exhibit fee includes a tabletop exhibit space, a full access conference pass, and a company listing and hotlink on the conference Website.

The Technology Council wishes to thank the following members of the 2006 VentureNet Planning, Selection, and Mentoring Committee:

Jim Andelman, Rincon Ventures
Andrew Betz, GKM Ventures
Jeff Cohn, Tech Coast Angels
Bill Collins, Starboard Venture Partners
David Cremin, DFJ Frontier
Steve Dietz, GRP Partners
Erik Ekstrom, Deloitte & Touche
Brian Flucht, Shepherd Ventures
Chris Ivey, Stradling Yocca Carlson & Rauth
Kevin Jacques, Palomar Ventures
Kris Kaufmann, Deloitte & Touche
Ben Kuo, socalTECH.com
Jef Kurfess, Tech Coast Angels
Joe Marks, Smart Technology Ventures
Greg Martin , RedPoint Ventures
Brian Mesic, Anthem Venture Partners
Benjamin Meyers, Enterprise Partners Venture Capital
Sid Mohasseb, Tech Coast Angels
Nate Redmond, Rustic Canyon Partners
Ali Saleh, Deloitte & Touche
Mark Skaist, Stradling Yocca Carlson & Rauth

CUSTOMER INFORMATION: WHAT YOU KNOW CAN HURT YOU!
Protecting Privacy in the Age of Identity Theft

By Marc Schneider, Stradling Yocca Carlson & Rauth

For years, security professionals have shared a secret: one of the weakest points in the security of the web is your password. In today's era it is almost impossible to be in business and not collect confidential customer information - names and addresses, telephone numbers, Social Security numbers, credit card numbers, or other account numbers.

At the same time, however, identity theft has become an increasing concern. There are approximately 9.3 million identity theft victims each year resulting in about $53 billion in losses. In fact, major corporations are experiencing data security breaches of epidemic proportions. Hardly a day goes by without another news story of a data security breach exposing thousands or even millions of customers' personal information to unauthorized third parties.
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GUIDELINES FOR BUILDING AN EFFECTIVE BRAND
By Phil S. Becker, Jr., managing partner, The Venture Group

Hershey bars! iPod! Tide! These are classic brands that create immediate, clear, and generally quite favorable images in our mind. We instinctively gravitate to these brands and frequently select them over competitive offerings, even though they may cost more or come with shortcomings when actually compared to competitors. That's what branding is all about.

There are innumerable books and articles on how to create a successful brand. Most focus on the various advertising techniques used to define the brand. These techniques are critical, and new, ever more effective ones appear all the time.
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Want to learn more? Be sure to attend the September 21st TCOSC IMPACT event "New Techniques to Build Your Brand". Each member of the panel will describe their personal experiences and then answer your questions about how you can best take advantage of these technologies in your firm. So, join us on September 21 and bring your branding questions with you. This is your chance to keep abreast of the newest trends in branding and use this knowledge to maintain a competitive advantage in this critical marketing arena.


ARE YOUR EMPLOYEE ARBITRATION AGREEMENTS VALID?
By Stacey McKee Knight, Katten Muchin Rosenman, LLP

Many California employers require their employees to sign mandatory pre-dispute arbitration agreements as a condition of employment. Recently, the National Labor Relations Board ("the Board") invalidated a mandatory pre-dispute arbitration policy set forth in the Company's employee handbook and ordered reinstatement of two employees because it contained broad language mandating arbitration of "all disputes arising out of an employee's employment or the termination of that employment" and covered claims for "wrongful termination of employment, breach of contract, fraud, employment discrimination and any other legal or equitable claims and causes of action recognized by local, state or federal law or regulations." MORE >>


WINNING WITH PR AT YOUR NEXT TRADE SHOW
By Jeff Seedman, account supervisor, Ruder Finn

For many small and mid-sized technology companies, trade shows offer an exciting opportunity to meet with new sales prospects and potential business partners that can make a significant impact on their business.

While these activities are essential, trade shows can also provide an additional opportunity often overlooked by companies of this size, yet no less important for driving business forward.
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CORPORATE REAL ESTATE LEASING MARKET UPDATE
By Dave Toomey, Principal, CRESA Partners

Los Angeles
The class A office leasing market in Los Angeles continued to tighten in the second quarter of 2006 as the vacancy rate dropped into single digits (9.6%) for the first time since the previous cycle peaked in 2001. The class A office leasing market in Los Angeles continued to tighten in the second quarter of 2006 as the vacancy rate dropped into single digits (9.6%) for the first time since the previous cycle peaked in 2001.

Market Trends
* The combination of strong demand, short supply, and increased rental rates will likely create a cycle of office building development.
* Corporate hiring rates may have peaked, which could dampen future demand for office space.
* Reduced demand and additional supply should create more opportunities for larger tenants.
* Smaller tenants (less than 20,000 sf) have plenty of choices, albeit at a higher cost.
*Until new supply hits the market, landlords will continue to increase rents and limit concessions.
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COMPENSATION ISSUES FOR SERVICE BUSINESSES
PricewaterhouseCoopers' Growing Your Business

As tax and accounting rules evolve, service companies must continue to create the right program to attract, motivate and retain their key assets.

Compensating top talent is a delicate balance. Not only must a service business attract and retain key employees, it must also motivate management to achieve specific business objectives. At the same time, the business must manage concerns about minority ownership, cash flow, accounting, administration and regulatory issues. In an increasingly competitive market, mastering this balance is an ongoing, worthy effort.
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THANKS TO OUR NEW AND RETURNING MEMBERS
Frank Curran
BlackDuckSoftware
Craig Lund
Multi-Factor Authentication Insurance Agency
Jason Shepard
CB Richard Ellis, Inc.
Madhavi Vuppalapati
Prithvi Information Solutions
Rodney Stone
Environetics
Rob Luce
The Rabuck Agency
Jim Rigby
Financial Valuation Group
Charles Curto
Software Equity Group
Jens Welling
GoGoLimit.com
Michael Jalonen
ThinkLogic, LLC
Andy Wilson
Momentum Ventures Management
Kelly Stephen
Webvisible

CONTENTS

  • Membership
  • Excitement Builds For VentureNet
  • Customer Information: What You Know Can Hurt You!
  • Building An Effective Brand
  • Are Your Employee Arbitration Agreements Valid?
  • Winning With PR At Your Next Trade Show
  • Corporate Real Estate Leasing Market Update
  • Compensation Issues For Service Businesses
  • Thanks To New And Returning Members
  • UPCOMING EVENTS

    September 14
    Newoprt Beach
    VentureNet

    September 21
    Santa Monica
    Branding 2.0 - New Techniques To Build Your Brand & Help Your Sales Take Off!

    October 5
    Santa Monica
    Shooting for the Goal: Tech Company Strategies for Successful Exits

    October 19
    Costa Mesa
    50 Ideas In 50 Minutes

    October 26
    Santa Monica
    Web 2.0 - Implications for Your Business

    November 2
    Tarzana
    How to Attract, Retain, and Lead Great Technical Employees

    November 9
    Santa Monica
    Pitch it to me: Connecting with Media Influencers

    CORPORATE SPONSORS

    Infinity

    Katten Muchin Rosenman LLP

    Ruder-Finn Inc.

    Gold

    IBM

    Murano Software, Inc.

    PricewaterhouseCoopers LLP


    Silver

    CJ Patrick Company

    ExactTarget, Inc.

    Holland & Knight

    PR Newswire

    Stradling Yocca Carlson & Rauth

    CONTACT

    Scribe Editor:
    Sue Taylor

    Director of Operations
    Catrina Gruver-Luedtke

    Address:
    Technology Council of
    Southern California
    2537-D Pacific Coast Hwy.
    Suite 348
    Torrance, CA 90505

    Phone: (310) 325-4000
    Facsimile: (310) 878-0358

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     


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