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Posts Tagged ‘Harry Weller’

Motley Fool tech analyst: digital firms need new business models

Monday, February 27th, 2012

Motley FoolBy Allan Maurer

Entrepreneurs keep coming up with new technologies, new web sites, new ideas, but what they really should be thinking about is evolving some new business models, says Eric Bleeker, Motley Fool tech analyst who oversees the site’s editorial team.

Bleeker joins tech luminaries such as Netflix co-founder Marc Randolph, OpenTable founder Chuck Templeton, National Venture Capital Association president Mark Heesen, National Seed and Venture Funds CEO Jim Jaffe, and NEA general partner Harry Weller, among many others participating in the Southeast Venture Conference in Tysons Corner, VA Wednesday and Thursday.

Right now, Bleeker says, “So many platforms are coming out that are dependent upon advertising. Yeah, they can get users, but what sort of platform lets you extract revenue from them?”

Zynga piggybacks on Facebook and other ironies

It’s ironic, he says, that game company Zynga can piggyback on a platform like Facebooks and monetize it at twice the rate Facebook does itself.

Similarly, the New York Times recently ran a piece on data mining that another news site picked up, put a more salacious headline on, and “Gets 50 times the pageviews,” says Bleeker.

The online music service Pandora, “is used on mobile 70 percent of the time, but only gets one percent of its revenue from mobile.” So new business models are necessary.

Bleeker believes quality journalism can still do well – pointing to “The Economist,” which is still managing to grow its subscriber base (and advertises widely online). Many local news venues may get squeezed out of the revenue streams if they don’t find new ways to make money, though, he suspects.

If it can’t command a premium, bye, bye

“If in the end, your product can’t command a premium, I’m sorry, but you’re going under.”

Quite a few companies are bridging that gap – along with many not doing it so well, he says. Companies with what appear to be successful models?

LinkedIn, he says has found a route: “Advertising is now a much smaller piece of their revenue than packaging business data,” he says.

OpenTable is another great example of an online firm that’s working, he suggests.

One problem he sees with many startups in the digital space – including mobile and hyper local, is that if they are ad dependent, the only exit solution they may have is to be acquired by the large tech firms sitting on billions in cash: Microsoft, Google, and Apple.

Apple, in fact, sits right at the top of the heap. “Apple is the big dog with the most money, but they don’t buy much,” Bleeker says. “They buy some intellectual property, but it’s not in their culture to bolt stuff on.”

That presents a difficulty if “The dominant player isn’t willing to buy.”

Apple, though, could be boxing itself in a bit with its emphasis on great design, the chunk of fees it takes for apps sold in its store, and its past DNA unless it finds ways to keep its customers. “They’re thinking about ways to lock folks in,” says Bleeker.

On the other hand, some estimates say that up to a mind-blowing third of global IT spending could be for computers (including tablets and Macs) in three years,” Bleeker says.

Sectors where Bleeker sees relatively unsung innovation is in networking and security, particularly from smaller firms. Catch what he has to say at SEVC later this week.

 

Connect with 60 high growth tech companies at the Southeast Venture Conference

Tuesday, February 14th, 2012

Sevc 2012Make connections with 60 showcase high growth technology companies from the Southeast and Mid-Atlantic as they present to hundreds of executives from the region’s innovation, entrepreneurial and venture communities,  at the Southeast Venture Conference February 29th – March 1st at the Ritz-Carlton in Tysons Corner, Virginia.

In addition to presenting companies and hours of executive networking – the conference will feature a speaker line up including Netflix co-founder and former CEO, Marc Randolphand includes dozens of leading venture capital investors from groups like Lightbank and NEA; industry insiders from organizations including Bloomberg, Motley Fool and theNational Venture Capital Association; and other successful entrepreneurs such asOpenTable founder, Chuck Templeton.

This year’s presenting company line-up includes:

Register today to guarantee your space at the region’s premiere venture forum!

Six reasons to attend the 2012 Southeast Venture Conference

Monday, February 6th, 2012

Sevc 2012People who have attended previous Southeast Venture Conference events tell us they are a great way to grab a spot on the radar of top venture capital firms, but also to make lasting connections with potential customers, partners and executives.

Here are six of the reasons the SEVC sells out year after year:

  1. You’ll make connections with the region’s top tech entrepreneurs and executivesWith 60 presenting companies and hundreds of high growth company C-level executives in attendance, SEVC lets you build partnerships with the region’s leading tech firms..At the 2009 SEVC, attendees had the chance to connect with the founder and CEO of an up and coming startup called, LivingSocial. At the time LivingSocial was the typical SEVC presenter, having recently raising their Series A round and looking to grow revenue. Since presenting at SEVC, LivingSocial has rocketed by raising well over $600 million in capital and has over $1 billion in annual revenue. Connect and partner with tomorrow’s LivingSocial at this year’s SEVC.
  2. SevcYou’ll network with leading venture capitalists and investors from around the USSEVC hosts leading investors and venture funds from around the US, not just the Southeast and Mid-Atlantic, who come to network with fellow investors and the region’s leading innovation talent.Whether you’re in venture fundraising mode or an investor looking to further relationships with fellow investors for deal flow, SEVC is the vehicle to make those connections.
  3. SevcYou’ll get market insight and success strategies from the innovation and venture community’s brightest starsFrom the founder of Netflix to thePresident of the National Venture Capital Association - SEVC will feature over 40 speakers discussing the latest trends, best practices and strategies relating to venture investing and entrepreneurial growth. You’ll learn from them not just during roundtable discussions, but in one on one situations as well through the hours of networking.
  4. SevcTo make networking and private meetings even easier, we’ve added a pre-event networking platform for attendeesNew this year at SEVC is our online networking platform which allows attendees to connect with one another prior, during or after the conference. Attendees can see other attendee’s interests, request and setup meetings and connect helping to maximize the lasting connections you’ll make at this year’s conference.
  5. SevcEntrepreneurs can benchmark your pitch and strategiesUp and coming entrepreneurs can benchmark their pitches from the over 60 presentations from leading innovators in the region. These are companies that for the most part have already been successful in venture fundraising and are well on their way to success. You’ll not find another single forum on the east coast with this many funded companies presenting.
  6. SevcEven more CXO and Venture Partner networking to create relationships that can last your entire careerNetworking is center stage at SEVC. Over one and a half days there are 3 separate open bar networking receptions, a networking breakfast, lunch networking and 7 additional networking breaks.

Showcase companies will present to a national audience of venture capitalists, private equity investors, angel investors and senior technology executives.  Attendees will have additional opportunities to network and connect with these showcase companies throughout the conference – as well as prior to the conference with the online attendee networking platform.

You’ll need to register before Feb. 10 to get the conference rate at the Tysons Corner, VA, Ritz Carleton:

Register today to guarantee your space at the region’s premiere venture forum.

 

Early registration discount for Southeast Venture Conference ends Friday

Thursday, January 19th, 2012

Speakers headed to the 6th Annual Southeast Venture Conference in Tysons Corner, VA, Feb. 29=March 1

Early, discounted regsitrations  for the Southeast Venture Conference at Tysons Corner, VA, Feb. 29-March 1 end Friday, Jan. 20. This year the SEVC features Marc Randolph, co-founder of Netflix, Chuck Templeton, founder of OpenTable, Mark Heesen, president of the National Venture Capital Association,  top venture capital firms and innovative tech startups.

Randolph is a leading Silicon Valley investor in addition to being co-founder and former CEO of Netflix. Randolph and Templeton are just two of the hundreds of leading venture investors and entrepreneurs headed to this year’s event.

VCS representing $50B in capital attending

Venture capital firms at the event represent $50 billion in investment money.

The 6th Annual Southeast Venture Conference also features presentations from more than 60 of the hottest Southeast and Mid-Atlantic high growth tech companies. Companies that presented at the 2011 SEVC had average revenues of $6 million.

Also on the agenda: Paul Lee, partner, Lightbank, Marshall Brain, founder of HowStuffWorks.com, Jalak Jobanputra, venture investor, New Venture Partners, Harry Weller, general partner, NEA, Sean Marsh, co-founder, Point Judith Capital, Robert Peterman, Toronto Stock Exchange, and Roland Reynolds, managing director, Industry Ventures.

New this year

New this year is a pre-event networking platform, which will allow attendees to connect ahead of the event, increasing the opportunities to make it even more productive.

The Southeast Venture Conference is the premiere venture forum in the region and has sold out every year. Register here.

 

Netflix co-founder Marc Randolph headlines upcoming Southeast Venture Conference

Thursday, January 12th, 2012

Sevc 2012The Southeast Venture Conference always attracts top-notch speakers and the 6th annual event, set for Tysons Corner, VA Feb. 29-March 1 continues the tradition, featuring Marc Randolph, co-founder of Netflix, and Chuck Templeton, founder of OpenTable.

Randolph is a leading Silicon Valley investor in addition to being co-founder and former CEO of Netflix. Randolph and Templeton are just two of the hundreds of leading venture investors and entrepreneurs headed to this year’s event.

The 6th Annual Southeast Venture Conference also features presentations from more than 60 of the hottest Southeast and Mid-Atlantic high growth tech companies. Companies that presented at the 2011 SEVC had average revenues of $6 million.

Other speakers at the 2012 SEVC include Mark Heesen, president of the National Venture Capital Association, who always brings up to the minute knowledge of the national venture capital scene and NVCA’s efforts in DC to his presentations.

Also on the agenda: Paul Lee, partner, Lightbank, Marshall Brain, founder of HowStuffWorks.com, Jalak Jobanputra, venture investor, New Venture Partners, Harry Weller, general partner, NEA, Sean Marsh, co-founder, Point Judith Capital, Robert Peterman, Toronto Stock Exchange, and Roland Reynolds, managing director, Industry Ventures.

New this year is a pre-event networking platform, which will allow attendees to connect ahead of the event, increasing the opportunities to make it even more productive.

The Southeast Venture Conference sells out every year. Discounts may be available for unfunded startups.

The $390 registration fee rises to $490 Jan. 21. It’s $590 at the door.

For more information or to register: http://www.seventure.org/register.html

 

 

SEVC: Glut of venture firms could raise funds this year

Thursday, March 3rd, 2011
SEVC panel

State of the Venture Market panel at the Southeast Venture Conference in Atlanta

ATLANTA – With a good acquisition market and better IPO potential for venture backed firms, the limited partners who supply the funds venture capitalists invest are “Getting checks again,” said National Venture Capital Association President Mark Heesen at the Southeast Venture Conference here Wednesday.

So, Heesen said on a “State of the Venture Market” panel discussion, “I think we’ll see more successful fund raising this year.” He added, however, it could be a problem, because a “A heck of a lot of (venture capital) firms could go out (to fund raise) at the same time.” Many venture capital firms are waiting until the second half of 2011, he said.

Heesen also said that while many traditional sources of capital for venture firms such as municipal and state pension funds are stressed, he expects to see a new class of limited partners from Europe and Asia pumping fresh money into VC firms.

Discussing hot sectors, Chip Hazard, general partner with Flybridge Capital Partners, cited the usual suspects: mobile, digital media, and everything social.

Harry Weller, general partner at the East Coast office of one of the larger West Coast-based venture firms, NEA said clean tech, “While not for the faint of heart,” due to the amounts investment often necessary, is expected to produce some “big winners,” especially with oil prices going up again. He noted, “We’re a big fund, sowecan stick with our portfolio companies.” Weller noted that one of those companies, Atlanta-based Suniva, which makes more efficient solar cells, “is doing really well.”

Mike Elliott of Atlanta-based Noro-Moseley Partners said “Mobile is really hot and it is going to be amazing what happens in that market.” He also said healthcare IT is strong and “We have a whole new world going on in Net security.”

Asked if he saw anything “below the radar” that isn’t being talked about, Weller responded as if asked for the location of his favorite fishing hole. “Yes,” he said, “I do see some things, but I’m not going to tell you what they are,” which got a laugh from the audience.

About 600 people attended the two-day fifth annual Southeast Venture Conference at the Ritz Carleton in Atlanta this year. It is ongoing today (Thursday).

Heesen told the panel he thinks California, long the dominant player in the venture capital markets, will only get stronger going forward, but that only makes “quality regional firms more important.”

Weller, however, said, “Silicon Valley has not cornered innovation. It just hasn’t. Innovation happens everywhere. We make sure we cover the East Coast strongly.” Weller said his office covers the entire East Coast, and quipped, “Which includes anything 50 miles outside of Silicon Valley.”

Heesen said that on the legislative front, he thinks that immigration reform that would keep highly skilled people in the U.S. is one thing that “doesn’t cost any money” and could help create jobs. “The CEO or owners of 50 percent of startups are from outside the U.S.,” he said.