Venture Capital Conference: Perspectives from VCs and Allocators

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Venture Capital Conference: Perspectives from VCs and Allocators

Note: This event is in-house and is not being broadcasted nor recorded. No media will be present and speaker or attendee attribution, in any form, is a violation of CFANY’s code of conduct.

Tuesday, May 23, 2017
4:00 pm – 7:30 pm

Register Now

Location

CFANY Conference Center
1540 Broadway
Suite 1010 (45th Street Entrance)

New York, NY 10036

Registration Deadline

Monday, May 22nd

Fees

Member $30
Nonmember $70

Host

Alternative Investments Group

CFA Institute CE

1.5 credits
Sponsored by Kaplan Schweser

Speakers

Keynote
Joseph L. Dowling III, Chief Investment Officer, Brown University

Keynote Q&A
Carole Crawford, CFA, Founder and Managing Partner, fincap360

Moderator
Kris Thiessen, CFA, CAIA, EA, Founder and Managing Partner, Helix Management

Panel
Christopher Dawe, Co-Head, Venture Capital and Growth Equity, Goldman Sachs Investment Partners
John Frankel, Founding Partner, ff Venture Capital
Alex Zisson, Managing Director, H.I.G. Capital

Program Overview

In this conference, we will bring together leading venture capitalists and investors in venture-backed companies to learn how they pick winners, add value and deliver returns.

Venture capital has been a top performing asset class over the long run.  Our speakers will address a key question:  how can this outperformance be sustained?

Hear from a seed- and early-stage venture capitalist about his experiences leading investments in more than 80 companies, including Cornerstone OnDemand, Indiegogo, Ionic Security and Plated.

Hear from a late-stage venture capital investor about his experiences investing more than $3.5 billion in private capital transactions – including two of the largest private internet investments globally – in venture-backed companies such as Uber, Facebook, Pinterest and Spotify.

Learn how venture capitalists source their investments by developing relationships with entrepreneurs, collaborating with other venture capitalists, and even from Shark Tank!

Venture capital returns have often outperformed public market indices.  US venture capital generated 13.2% IRR over the past 5 years and 25.8% IRR over the past 25 years, according to Cambridge Associates.

Investments outpaced exits by 11X in 2016 – the highest level in a decade.  According to the National Venture Capital Association and PitchBook, more than $69 billion was invested across 7700 venture-backed companies in 2016: however, only $47 billion was exited in 726 VC-backed exits, the lowest exit count since 2010.

Venture capital funds have raised $112 billion in committed capital over the past 3 years.  2016 saw the highest amount raised in at least a decade at nearly $42 billion across 253 vehicles.

Our speakers will discuss their experiences investing in venture-backed companies, raising venture capital funds, how they manage their portfolios and their expectations for the future.

Sources

https://www.cambridgeassociates.com/press-release/weak-first-quarter-private-equity-venture-capital-funds-u-s-rebounded-q2-2016-according-cambridge-associates/

http://nvca.org/pressreleases/peaking-2015-venture-investment-activity-normalizes-2016-according-pitchbook-nvca-venture-monitor/

http://reports.pitchbook.com/4q-2016-pitchbook-nvca-venture-monitor/

Features, Benefits, Values

Attendees will understand the perspectives of venture capitalists as well as allocators who invest in venture capital funds.

Learning Objectives

  1. How venture capitalists make investment decisions and choose which companies to back
  2. How venture capitalists help create value in their portfolio companies
  3. How venture capitalists raise venture funds to invest
  4. How venture capitalists develop syndicates and collaborate with other investors
  5. How venture capitalists source their investments

Who Should Attend

Partner; Managing Director; Chief Investment Officer; Vice President; Entrepreneur-in-Residence; Associate; Founder; Chief Executive Officer; President.

Agenda

Time Details
4:00pm Check-In
4:30pm Welcome & Opening Remarks

Mark Sullivan, CFA
Managing Director and Partner, Stonehaven
Chair, Alternative Investments Group, CFANY

4:40pm Keynote Address

Joseph Dowling
Chief Investment Officer, Brown University

Keynote Q&A

Carole Crawford, CFA — Moderator
Founder and Managing Partner, fincap360

5:30pm Panel

Christopher Dawe
Co-Head, Venture Capital and Growth Equity, Goldman Sachs Investment Partners

John Frankel
Founding Partner, ff Venture Capital

Alex Zisson
Managing Director, H.I.G. Capital

Kris Thiessen, CFA, CAIA, EA — Moderator
Founder and Managing Partner, Helix Management

Panel Q&A

6:30pm Reception
7:30pm Adjourn

CFANY expects all attendees to comply with CFANY’s Code of Conduct while attending CFANY events or meetings. CFANY expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFANY event or meeting.

The CFA Society New York, Inc. (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. CFANY is not responsible for any investment decision made by you.

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