Alternative Investments, Conference

Venture Capital Conference: Perspectives from VCs and Allocators

May 23, 2017 | 12:00 PM - 3:30 PM

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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

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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

Organizers

Carole Crawford, CFA
Kris Thiessen, CFA, CAIA

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

TimeDetails
4:00pmCheck-In
4:30pmWelcome & Opening Remarks

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

4:40pmKeynote Address

Joseph Dowling
Chief Investment Officer, Brown University

Keynote Q&A

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

5:30pmPanel

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

6:30pmReception
7:30pmAdjourn

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.

You should not make any financial, investment, trading or other decision based upon any of the information presented at CFANY without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at CFANY is at your own risk.

There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. CFANY does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any CFANY presentation may not be suitable for investors depending on their specific investment objectives and financial condition.

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

Legal Notice and Disclaimer

CFA Society New York (including its employees and agents) assumes no responsibility for presenters or consequences resulting from the use of information or content of such information presented, including (but not limited to) errors or omissions, the accuracy or reasonableness of factual or scientific assumptions, studies or conclusions, the defamatory nature of statements, ownership of copyright or other intellectual property rights, and the violation of property, privacy, or personal rights of others. The CFA Society New York is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on such information. No guarantees or warranties, including (but not limited to) any express or implied warranties of merchantability or fitness for a particular use or purpose, are made by CFA Society New York with respect to such information. CFA Society New York does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeliness, or correct sequencing of such information. All presentations represent the opinions of the presenters and do not represent the position or the opinion of CFA Society New York or its members. Reference by the presenters to any specific commercial product, process or service by trade name, trademark, service mark, manufacturer, and corporation or otherwise does not constitute or imply endorsement, recommendation, or favoring by CFA Society New York.

CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

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

Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to seminars@cfany.org.

More

CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York 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 CFA Society New York 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.