From Adventure Racing to the Race for Funding
– A Winner’s Story:
Member spotlight: Interview with Keri DeWitt, President/CEO of Teresis Media, Inc.
Winner, “Best of Show” at VentureNet 2004

Founded in 2003, Teresis provides location-based digitizing, media management, and transcription services for unscripted television shows. With the boom in "reality" TV shows, Teresis is emerging to solve a critical need in the industry. We caught up with Teresis' President/CEO Keri DeWitt for this interview as she juggled pitches to investors, hiring interviews, a search for office space and the day-to-day running of her company.

What kind of experience do you have prior to starting Teresis?

My background is in systems integration, consulting, programming, application development - I rode the whole Internet curve. One of my first positions was with EMI Music Distribution, where I architected their North American intranet so they could put their sales reports online and save the costs of Fed-Exing materials. Later I worked for IKON Technology Services where one of the systems I developed for Toshiba America Electronic Division was nominated for a Lotus Beacon award. That got some notoriety, and I was recruited to the Bay Area to work for Net Objects and build a professional services organization with the Vice President of the Enterprise Division. She and I grew the division from a staff of 2 to 24 and $5 million in revenue in one year. I commuted about 100,000 miles that year, traveling to various customer sites helping sales. When Net Objects burned through its $75 million and sold off its Enterprise division, I saw the writing on the wall and took a position with VeriSign as a senior product manager in their International division.
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CEOs OF FAST GROWING TECHNOLOGY COMPANIES SHARE THOUGHTS ON WHAT IT TAKES TO SUCCEED
By Deloitte & Touche's Technology, Media & Telecommunications Group

The CEO Survey, conducted by Deloitte & Touche's Technology, Media & Telecommunications Group, asks leaders of the fastest growing technology companies in the greater Los Angeles area (ranked by Deloitte, based on fiscal year revenue growth over a five-year period) to weigh in on what factors and challenges had the greatest impact on their success, as well as their outlook on the economy and their business. The results are a fascinating look into the minds of some of today's most innovative business leaders.

As the economy starts to show signs of recovery, CEOs are returning to a level of optimism which was last seen a few years ago. Rather than focusing on further reductions and ways to manage their cash flow, CEOs are turning their sights towards strategies to grow their businesses again.
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SECRETS OF SUCCESSFUL SOFTWARE MARKETING
HINT: IT'S NOT THE TECHNOLOGY

By Rick Sharga, President & CEO, CJ Patrick Company

Some people call them "epiphanies." I prefer "blinding glimpses of the obvious."

Whatever you call them, you're probably aware of the experience. It's that moment of clarity-when all the extraneous information melts away and you're left with THE ANSWER: an undeniable, absolute sense that you've figured things out.

I remember one such moment, while sitting through a two minute Brittany Spears Super Bowl commercial. After watching Ms. Spears wriggle and writhe her way through multiple-and increasingly more revealing-costume changes, my wife turned to me and said "You know, she's not really all that good a singer."

No. Really?

My wife's "epiphany," that Brittany Spears' popularity had less to do with her vocal chords and everything to do with the sexual cords she struck among teenage boys is a classic case of product packaging. And a great example of marketing.

Love her or hate her, software marketers can learn a lot from Brittany Spears.
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UNDERSTANDING AND USING KEY LICENSING TERMINOLOGY
By Tom D. Le, Attorney, Stradling Yocca Carlson & Rauth

Some of the most seemingly straight-forward licensing terms in software licenses often have legal and business consequences that are anything but straight-forward. Understanding and using these terms in a precise and considered manner will help avoid unintended outcomes.

Among the most commonly used licensing terminology are four terms used to set forth the basic rights being licensed -- the right to use, reproduce, modify and distribute, and four terms used to further define or limit these basic rights -- exclusive, perpetual, irrevocable and sublicensable.

Most software licensing professionals undoubtedly have come across these licensing terms. On the one hand, these terms are useful shorthand references to describe the basic deal being entered into by the licensor and the licensee. On the other hand, while in many cases these terms are seemingly straightforward, they often have unintended legal and business consequences. Because they are so commonly used, however, the software licensing professional may overlook these consequences.
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HIT A WALL? IMPROVE YOUR PRODUCT LIFECYCLE MANAGEMENT
By Lee Shaeffer, Director, Sissach Technologies

When properly applied, the product lifecycle management process will lead to better products getting to market faster…using fewer resources. This article briefly describes the process and provides tips on implementing it effectively.

In the beginning, there was the dining room table…several developers seated around, working on Release 1.0. Two to three years later, the company has a nice revenue stream, 30 to 40 employees…and chaos. Revenue growth has stalled, Release 3.0 is six months late and its specs keep changing with every call from a salesperson to a developer.

All too often, the management at emerging companies focus exclusively on revenue growth and view "process" as evil - the bureaucracy that the entrepreneurs left behind at their former employers, something that gets in the way of rapid progress. Indeed, too much process, especially the wrong process, will be damaging to a fast growth, highly responsive company. However, too little process will be equally damaging: employees won't know what is expected of them, certain tasks will be done redundantly by several people, other crucial tasks will slip through the cracks, and the team will have different views of what needs to be done next so efforts are not coordinated. The result is inefficient use of precious resources and ultimately stagnation…or worse.
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CONTENTS

  • Member Spotlight: Interview with VentureNet 2005 Best of Show Winner
  • Technology CEOs Thoughts On Success
  • Secrets of Successful Marketing
  • Understanding and Using Key Licensing Terminology
  • Improve Your Product Lifecycle Management
  • UPCOMING EVENTS

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    December 2
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