Many are probably still saying good riddance to 2009. 2010, however, seems to be an entirely different story. We have survived the abyss of the financial crisis; the stock market has rebounded; even housing prices seem to be …at least not dropping. Will 2010 bring back the exuberance of the pre-crisis years? What sectors will be the darlings of investors? What will happen to IT and software in light of the excitement in Energy, anything Green, and now, health care?

Venture capitalists have always been a barometer of things to come. In this first event of 2010, CSPA is proud to bring together a distinguished panel of VCs, and ask them to examine their crystal balls. Where will VCs put their money in 2010? What sectors are hot? What are not? What will valuations look like? What advice can they give entrepreneurs?

As is now our tradition, we will begin with a presentation of the latest MoneyTree Survey* from PricewaterhouseCoopers. Join us for an informative and insightful evening as we kick off 2010 in uncharted waters.

* The MoneyTree Survey is a quarterly study of venture capital investment activity in the United States, conducted as a collaboration between PricewaterhouseCoopers (PWC), Thomson Venture Economics and the National Venture Capital Association.

• Steve Bengston, Managing Director of Emerging Company Services (ECS), PricewaterhouseCoopers

• David Lane, General Partner, Onset Ventures
• Prashant Shah, Managing Director, Hummer Winblad Venture Partners
• John Steuart, Managing Director, Claremont Creek Ventures
• Hing Wong, Managing Director, Walden International

• Event Logistics
• Speaker Biographies

Location
Pillsbury Winthrop Shaw Pittman LLP
2475 Hanover Street, Palo Alto
(650) 233-4500

Directions and Map

Pricing

	Pre-register Online	Drop-in At the Door
CSPA Premium Members*	$10	$15
CSPA Basic Members+	$15	$20
Non-Members (Sign up as a Basic Member for Free)	$15	$20

^* Premium members: Sign up for Annual membership for only $45!
⁺ Basic Members: Sign up for free!

Students with a valid ID pay Premium Member prices

Food & Drinks
Appetizers and drinks will be served.

Journalists requesting media credentials:
CSPA requires proof of applicant's professional status, including a titled business card.

Steve is Director of Emerging Company Services (ECS) at PricewaterhouseCoopers. ECS acts as “mentor capitalists” for young, high potential companies. ECS works closely with the leading opinion leaders/influencers in the Bay Area, including venture capitalists, attorneys, bankers and other service providers.

Before joining PwC, Steve had 20 years of experience in a variety of marketing, business development and general management roles at several high tech companies in the Bay Area. Most recently, he was Pres/CEO of ynot.com, a leading international emarketing and greeting card company. Previously, he was VP Marketing & Business Development at Worldview Systems, an Internet travel pioneer. At Worldview, Steve helped launch and market Travelocity with Sabre Interactive.

Steve has a BA in Economics and MBA from Stanford University. He works closely or sits on the Advisory Board at the Churchill Club, SVASE, SDForum, Life Science Angels, and the Stanford/MIT Venture Lab, has taught classes on funding/running start ups at UC Berkeley, Santa Clara University, Hastings Law School, and Stanford, and is active in a variety of other organizations in the Bay Area targeting entrepreneurs and investors. He is a frequent moderator/panelist at both university and industry sponsored events.

Over the past 22 years, David Lane has created, built and financed start-up companies, which has resulted in successful public offerings. He has directly managed venture capital funds totaling in excess of $2 Billion.

At ONSET, David specializes in IT infrastructure software, SaaS, information security, healthcare IT, semiconductors and commercializing disruptive IT technologies developed at leading research universities. He currently serves on the Board of Directors of Truviso, UPEK and Vindicia. Prior to becoming a managing director of ONSET, David co-founded Diamondhead Ventures and led the firm's investments in Danger (acquired by Microsoft), Entercept Security Technologies (acquired by McAfee), Truviso and UPEK. Before Diamondhead, he was a senior venture capital investment officer at the Harvard Management Company, where he focused on making direct investments in seed to later stage opportunities in the IT and life science sectors. Some of David's other venture capital investments include: Applied Immune Sciences (IPO), Harmonic (IPO), Kofax Image Products (IPO), TriQuint Semiconductor (IPO), NexGen (IPO), Quidel (IPO), Viewlogic Systems (IPO) and Harbridge Merchant Services (acquired by First Data Corporation).

David earned a B.S.E.E. degree from the University of Southern California and an M.B.A. from the Harvard Business School. He serves on the University of Southern California Engineering School's Board of Counselors, the Engineering School Dean's industry advisory board as well as several non-profit boards.

Prashant Shah, Managing Director, joined Hummer Winblad in December 2000. He has been instrumental in many investments including Baynote, Bridgestream, Cenzic, InMage, Jareva Technologies, Krillion, Scalent, SyncVoice, Tizor and Voltage Security. He also observes a number of these boards. In addition, Prashant is an active Charter Member of TiE Silicon Valley (www.tiesv.org), where he is Chair of the Software SIG; and a member of the Board of Trustees for Astia (www.astia.org).

Prior to Hummer Winblad, Prashant spent many years defining and launching high tech products. His background spans all seven layers of the OSI stack with product management roles at enCommerce (acquired by Entrust), Cypress Semiconductor and AT&T. Prashant received a BS in Electrical Engineering from the University of Illinois at Urbana-Champaign, and an MBA from the University of Chicago.

John has spent the last 20 years managing, building and investing in technology and life science companies. John focuses on the intersection of the information technology and life sciences markets including bioinformatics, molecular diagnostics, genomics, proteomics, software and instrumentation for med-tech industries.

John serves on the board of directors of Arcxis, PropertyBridge, and Tibion Bionic Technologies. He is an Industry Fellow at the Center for Entrepreneurship and Technology at the College of Engineering as well as a member of the Advisory Council to the Lester Center's Berkeley Entrepreneurs’ Forum at UC Berkeley. He recently joined the Advisory Board for Technology Ventures Corporation (TVC), an organization which fosters entrepreneurs and technologies coming out of the national labs such as Lawrence Berkeley, Sandia and Lawrence Livermore. Early in his career, he joined Alafi Capital, an Emeryville-based venture firm specializing in early-stage biomedical companies, where he served as an officer of the General Partner. At Alafi, John lead investments in more than a dozen successful start-ups, and served as the senior executive and board member of various firms such as Tanox, Software Ventures, Lipomatrix, and Megan Health.

In the mid-90s, together with colleague Nat Goldhaber, John helped start Cybergold, an Internet marketing and payments company, serving as the early COO and CFO through its IPO, merger with Mypoints and sale to United Airlines. John continued with the Mypoints unit of United serving as the Senior Vice President of Strategic Partnerships.

John lives in Berkeley with his wife and three children, a block away from the Triple Rock brewery.

Hing Wong is a managing director at Walden International. His investment focus is in semiconductor, components, and clean tech, especially in China.

Prior to the venture world, Hing spent fifteen years in semiconductor industry in technical, management and business roles. He worked in IBM, Chromatic Research, and co-founded Silicon Access Networks, a network IC company where he served as VP VLSI Design and later in VP Business Development. He received a PhD degree in EECS from UC Berkeley, and studied in Sichuan University and Chinese University of Hong Kong for undergraduate.