Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Tag: VCs (Page 1 of 2)

I’ll Be Live-Blogging the ‘Pioneer Summit’ Again Next Week

pioneersummit-logodatesI’m heading out to the Bay Area in a few days to once again cover a great tech conference called the Pioneer Summit, put on by GSV Labs in Redwood City, CA. I loved reporting on it last year — as evidenced by my extensive liveblog. (They moved it up from October to September this year.)

I’m looking forward to the program, which is jam-packed. Is this enough speakers for you? Here’s one my data geek friends would like. And hearing what this Silicon Valley legend has to say will be pretty awesome as well.

What is GSV Labs, you ask? It’s “a campus of innovation” — I like that description! A very cool place indeed. It’s focused on accelerating high-growth, high-impact verticals in the areas of EdTech, Sustainability, Big Data, and Mobility. Utilizingpioneersummit-celebrate GSV Labs’ resources, founders and entrepreneurs join a global network of ecosystem partners, including corporations, international agencies, mentors, universities, investors, thought leaders, and non-profits. From its Silicon Valley campus, GSV Labs houses about 100 startups, provides acceleration programs, and hosts events.

My connection to GSV Labs is through my colleague Mark Moe (who lives here in the Twin Cities) — he’s VP of Global Business Development. Look forward to seeing you there, Mark, and I’m sure some other Minnesotans who’ll be in attendance, as there were last year.

I guess I’d better start getting my live-blogging fingers loosened up — which means not just providing commentary, but shooting a whole lot of iPhone pics to go along with it. This will be fun!

DEMO ’09 Presenters Announced – Best Damn Gig Goin’ In This Economy, and I’m There!

Could it be any more fun than getting to see this many entrepreneurs get up on stage and pitch their exciting new stuff at DEMO?  Or maybe you'd rather sit at home and whine about "the economy"?  Go ahead, wallow in your lamestream-media bullcrap.  DEMO-stage
I'm goin' to the Disneyland of Entrepreneurship and Innovation: DEMO '09!  Where the excitement of what's new and what's coming next in cool, new technology will encourage and inspire all those lucky enough to be there.  And, if even if you can't be in the room, you'll have lots of online options to feel like you're almost there — which the DEMO folks tell you all about right here.

Yes, there are only 39 presenters this time, when 60-something have been common at most events in recent years.  But, hey, what would you expect in these times?  It's not quantity — it's quality!  The DEMO producers never disappoint on that.

Here's the current crop of lucky presenters:

7 Billion People, Inc., Austin, TX
Always Innovating, Inc., Mountain View, CA
• AppZero Corp., Ottawa, Ontario, Canada
Asurion Mobile Applications, Inc., San Mateo, CA
Avaak, Inc., San Diego, CA
BitGravity, Inc., Burlingame, CA
bluBuzz, LLC, Holland, MI
Cc:Betty, Inc., Palo Alto, CA
Citrix Online, Goleta, CA
Coveroo, Inc., San Francisco, CA
deskNET, Lausanne, CH
Document Depository Corp., LLC, Wayne, PA
eFormic, Ltd., Stuttgart, DE
Ensembli, Ltd., Sheffield, Great Britain
Evri, Inc., Seattle, WA
Gazaro, Inc., Ottawa, Ontario, Canada
HAM-IT, Inc., North Andover, MA
• Home-Account, Inc., San Francisco, CA
HowSimple, LLC, Huntington Beach, CA
Jadoos, Inc., Sunnyvale, CA
Kutano Corp., Burnaby, BC, Canada
Liquid Media, LLC, Arvada, CO
Ontier, Inc., Portland, OR
Primal Fusion, Inc., Waterloo, Ontario, Canada
• Promptu Systems Corp., Menlo Park, CA
Purewire, Inc., Atlanta, GA
Qualcomm MEMS Technologies, Inc., San Diego, CA
Qubes, Inc., Taipei, Taiwan
Silverstone Solutions, Inc., San Francisco, CA
• Skout, Inc., San Francisco, CA
SmartyCard, San Mateo, CA
Symantec Corp., Mountain View, CA
• Technicopia, LLC, Carmel Valley, CA
Transformyx, Inc., Baton Rouge, LA
Vokle, Inc., Santa Monica, CA
Xandros, Inc., Ottawa, Ontario, Canada
XMARKS, San Francisco, CA
Zipadi Technologies, LLC, Bluffdale, UT
Zuora, Inc., Redwood City, CA

DEMO-09-logo+datesIf you're attending or presenting, look me up, starting Sunday evening at the opening reception. Then I'll be in the grand hall all day Monday and Tuesday, sitting in the press area up front.  In a new wrinkle this year, I'll be doing audio interviews with startup team members and various friends and colleagues I run into — then posting those MP3s regularly to my blog during the two-and-a-half days.  And, of course, I'll be live-tweeting the whole affair as well — as I have several times now.

To communicate with me, please comment here on my blog, or you can always reply or DM me on my Twitter page, which is simply @GraemeThickins.  Please follow me there for the full-on firehose of DEMO updates!  My tweets will also be running at this aggregator page, where all DEMO '09 attendees' tweets will appear: @DEMOchatter.

Hints of What’s Coming at DEMO ’09

As noted to the right in my sidebar, I'll be reporting from the DEMO conference coming up soon in Southern California. I always look forward to this time of year. I think it will be my seventh or eighth DEMO event in a row (they're held twice a year), and maybe my tenth overall. DEMO is "The Launchpad for Emerging Technology."  DEMO-09-logo+dates
Nowhere else can you get a reading on what's coming in tech better than you can at this event. Click in that graphic to the right for details about registering.

DEMO prides itself in finding the "diamonds in the rough" before anyone else. Over the years, this event has been the site of the first launch of such ventures as Palm, Java, TiVo, and E*TRADE in the mid/late '90s, and, in more recent years, Salesforce.com, VMware, Six Apart, OddPost, IronPort, GrandCentral, and Glam Media, to name a few. 
DEMO says it focuses "on real products ready for market—regardless of their geography." Presenting firms hail from many countries.

DEMO-TheMomenContinues

So, who attends this thing?  Media and bloggers, VCs, business development professionals, IT executives, and new technology firms from all over the world.  DEMO says 15,000 people have attended their events over the past
19 years. Read more here: Who Attends DEMO? Here's a sampling of companies the people of DEMO have told me will be attending the upcoming event on March 1-3: Deutsche Telekom AG, August Capital, Meakem Becker Venture Capital, First Round Capital, Allegis Capital, Motorola, Google, Hitachi America, Microsoft, Qualcomm, Symantec, UBS, NYSE, Wall Street Journal, The Economist, VentureBeat, Business Week, Forbes, ABC, eWeek, North Bridge Ventures, NTTCOMWARE, Hummer Winblad Venture Partners, Verizon, Alcatel-Lucent, SVB Capital, Mayfield Fund, Granite Ventures, New Enterprise Associates, and more.

What kinds of firms will be pitching?  Well, DEMO doesn't let out much in advance of the show — certainly not the list of presenters. That's a big secret. (Companies actually have been dropped from the event if they leak that they're presenting. And we press attendees, of course, have to honor that embargo as well.) The list of presenters is only released the Friday night before the event, which kicks off with a Sunday night reception. (I always post that list of presenters as soon as it's released to the press, so watch this space on the evening of February 27th.)  But the DEMO producers did provide me with an interesting set of stats on the DEMO '09 presenters, represented in a couple of charts. So, here's a Breakdown of DEMO '09 Presenters by Market Segment and Funding to Date:

DEMO-09-stats But should we really be expecting much excitement at DEMO this year?  Isn't the economy in the tank?  Does innovation really move ahead in these times?  You bet it does!  And the DEMO blog cites recent examples of that from the 2001 downturn. Sure, there will be fewer attendees, and fewer presenters. For the last several shows, we've seen about 65 presenters on average doing their six-minute pitches at each event. This time, it will undoubtedly be less, maybe may even fewer than 50. But I guarantee you we'll be hearing some of tomorrow's big winners, on stage for the first time. Because we always do. And the anticipation of that is, frankly, really exciting to me, and to the rest of 500+ who will be attending. It is an extremely upbeat affair, every single time.

There are some great updates being posted on The DEMO Blog, by Chris Shipley, Executive Producer, and other staff members.  Here are three recent posts:

Two Panels Just Announced for DEMO '09 … VCs on one, past DEMO company CEOs on the other
Smart Money Takes a Flight to Quality … "yes, it's a great time to throw a conference that launches new technology products, spots trends, and celebrates innovation"
Making a Lasting Impact … about how one past DEMO presenter, battery company Boston Power, is growing rapidly

And give a quick listen to a podcast about DEMO '09 recorded on January 29 by my friend Keith Shaw of Network World and Carla Thompson of the Guidewire Group.

Your intrepid reporter: pumped and ready. I can't wait to live-tweet DEMO '09! I did somewhere between 200 and 300 newsy tweets at the last one — so (fair warning) get ready for the firehose!  And I'll be doing podcast interviews for the first time, too, with my whiz-bang new toy: a studio-quality handheld recorder. I'm gonna give it a go in the way of some short, ad-hoc interviews of presenting company founders, VCs, and various luminaries wandering the great hall, the pavilion, and (of course) the hallways. And I'm told I can upload these pretty quickly to my blog, giving those of you who can't be there at least a near-realtime sense of what's going on at DEMO.

Will you be going to DEMO '09?  If so, let us know in the comments! (And let's try to meet up face-to-face.)  If you can't make it, what would you most like to see covered? What answers would you be seeking if you were there? What you would most want to get out of the event?

Geeks, Entrepreneurs, Designers, Angels, VCs, and Marketeers ….. Let’s Mix It Up!

Minnebar is Saturday, May 10!  MInnesota’s all-day annual Barcamp event is not to be missed.  New venue this year (bigger and better): the gloriously redone Coffman Union at the U of MN (cool place if you haven’t checked it out yet). To sign up, just go the event site (a wiki page), hit Edit Page, and add your name and links. Minnebar(Minnebar is held once a year, while evening "Minnedemo" sessions are held in each of the other three quarters.)
Already, almost 300 of your compatriots have signed up for this year’s edition of Minnebar, and many more will be as the week progresses. It’s free! That’s right — the whole damn thing! (thanks to the sponsors) … including breakfast, lunch, reception and beers following. You even get a free event t-shirt! And you can come and go as you please, choosing just the sessions that interest you — though I would highly recommend hanging out all day for the networking, which is really the biggest benefit. You can do your own session if you and/or some colleagues have something to say (and if there’s still room). Hit the link that says MinneBarSessions, click Edit Page, and add your title and session description while you still can. In the coming days, the organizers will be cutting off new entries and publishing a full schedule with all the breakout sessions. That should then be available at the event site, or you can pick up a hard copy on your arrival. Come early — the event kicks off at 8:30 am.

Attention Startups and Angels: Note the "Lightning Talks" Session
On the MInneBarSessions page, scroll down and look for a link to apply to give a five-minute pitch.  Ideal if you’re a startup, whether just forming or further along. An entire hour is being devoted to these rapid-fire presentations. This is a great way to see what’s going on out there in our state, hear the latest business concepts and startup ideas, or get updates on the progress of local startups you may have already heard about. [This will be like the DEMO conferences I know so well. My advice: hone the message hard, and practice well!] Minnebar07crowd

This event is gonna be killer, I promise you. If you want to know what’s really goin’ on in tech in Minnesota, you have to be here. Bring lots of business cards, a camera, your laptop (we’ll have mondo wi-fi!), wear your favorite tee, and get ready to learn, share, network, gab, blog and Twitter your brains out, and meet tons of fun, like-minded people.

Hey, in my book, it definitely beats sittin’ on some cold lake fishing!  🙂

The Year in VC: Forbes Reports It Well

As I look forward to DEMO, starting tomorrow evening — a VC lovefest like no other — I really enjoyed reading Forbes.com today.  I continue to be impressed by their coverage of tech.  It surely has something to do not only with their great reporters and editors (especially in the Silicon Valley bureau), but with their very well respected tech-savvy publisher, Rich Karlgaard, whom I count among my most admired colleagues.Forbeslogo

And the fact that he hails originally from the part of the country where I live also makes him very special, too!  Though he’s a Stanford boy and has lived in the Valley for many years, he gets back to the Minnesota/Wisconsin/Dakotas area regularly, and I suspect that’s partly because it keeps him feeling grounded to his roots.

Forbes uncorked an awesome set of stories the past couple of days on the current state of VC — well, really tech deal-making in general.  It’s all tied to their annual Midas 100 List, which ranks the top tech deal makers in the world. Forbesmidaslist08It’s fascinating reading.

According to Forbes, companies that venture capitalists helped launch hauled in $34 billion from 86 public offerings and 304 acquisitions during 2007. No less than 31 IPOs happened in the fourth quarter, worth $3 billion — "more than any other quarter since the third quarter of 2000."  That’s a very telling stat.  Their assessment of who did what, and how much they and their investors profited, can be viewed here by rank, by name, or by company.

Some of the related stories to this coverage included the following, which is great reading for anyone involved in technology startups:

Big Wins For Venture Capitalists – An excerpt: "Recent credit crunch and market woes be damned: Technology’s most powerful deal makers have been on a winning streak."

Venture Firms Peek Out Of Silicon Valley – I love this part: "More and more firms are thinking that if they want differentiated deal flow, they need to look outside of Silicon Valley," said Village Ventures co-founder Matt Harris. Village Ventures manages $750 million in funds focused on 14 small cities across the country, from Boise, Idaho, to Tucson, Arizona. This article also includes a profile of a VC from my part of the country: John Neis, co-founder of Madison, WI-based Venture Investors, who’s one of the Midas 100.

The Golden Google Touch – "Google has been a bonanza for venture capitalists John Doerr and Michael Moritz, who helped fund the Google when it was a start-up. Their personal gains, according to Forbes’ estimates, are likely north of $800 million apiece."

Hot Or Not: Where VCs Will–And Won’t–Invest – "Forbes asked 10 top players to give us their assessments of areas they feel are hot–and which are not."

All in all, a great overview of the current situation, and you’ll see even more links of interest, too.  They even have some informative videos posted that are part of this coverage, such as interviews with certain  players they cover in these articles.  I’m really impressed with the expanded coverage Forbes.com is providing on their site, and the quality of that coverage.

[I’m excited that Tech-Surf-Blog will be part of the Forbes Financial & Business Blog Network when it launches soon. (Yes, that’s part of the reason I’m starting to include ads on this site.) ]

What do you think of the current state of tech deal-making?  Are you positive or negative about 2008 when it comes to VC funding, IPOs, or M&A?

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