There has been an emergence of a shadow venture system over the past several years as the sources of funding seed- and early-stage startups have expanded beyond friends and family and venture capital institutions. Angels have institutionalized, yesterday's successful multi-millionaire entrepreneurs have become a legitimate capital market, and incubators have re-entered the funding process in droves. In the later stages, a few traditional VCs seem to be turning into index or mutual funds as they buy their way into Twitter, Facebook, Groupon at speculative prices. And, limited partners' investments in venture funds have declined precipitiously, as $11.6 billion was invested in 2010, the lowest level since 2003. Add in DST's activity, and secondary markets, the world of venture investing has profoundly evolved.
Why is the venture ecosystem changing and how will it continue to evolve and how does this all affect the way entrepreneurs build their companies and investors allocate their funds?
This is a forum to talk about the startup formation process, "exit" dynamics, and the strategies that create the "best" companies. Knowing how to build, given the restraints and new opportunities, and what to expect from today's investors is essential to founders.
This is what we'll be exploring at Venture Pivot, an evening single-track conference to be held on July 20th, at Cafe du Nord, in San Francisco.
Join the discussion and debate alongside those shaping the new era of venture investing.
Get your early-bird tickets now before they go up on April 30.
Among the confirmed speakers include Randy Komisar, partner at Kleiner Perkins, Jed Katz, partner at Javelin Venture Partners, Howard Hartenbaum, partner at August Capital, David Cohen of TechStars, David Lee of SV Angel, Jeff Clavier, partner at SoftTech VC, Dave McClure of 500 Startups, Phil Black of True Ventures, Geoff Ralston, Mike Kim of Cendana, Mike Levit, founder of Founders Den, Chris Douvos of TIFF, and many more.
Vator has been hosting events for entrepreneurs since the start of 2010, with its Splash conference series. We've brought top-notch entrepreneurs to the stage from Mark Pincus, founder and CEO of Zynga, Tim Westergren, founder of Pandora, Dick Costolo, CEO of Twitter, Tony Hsieh, CEO of Zappos, Peter Thiel, and more. We expect to bring the same caliber and quality of speakers to our first-ever event focusing in the disruption in the venure industry.
We're excited to announce that BullPen Capital, a new venture firm focused on the second round of investments after super angels, is co-producing this event with us. Together we hope to bring you the best evening event focused on this topic.