In the latest episode of "Cashing Out: Exits and Valuations with Reena Jadhav," Reena talks to Randy Hawks, a venture capitalist at Claremont Creek Ventures, a VC firm based in the East Bay with $3 million under management and focusing on clean tech, healthcare and security. (See previous interview with Claremont partner
In this segment, Randy says he's less bullish on the IPO market than earlier reports had suggested. Many investment bankers/VCs had predicted that there would be 50 to 100 VC-backed IPOs this year. Randy says the number will likely be half that. Randy also touches on the milestones companies need to go public, with financial-driven companies needing four to five quarters of profitable growth and $100 million in revenue and 20% growth rate going forward vs a story-driven company, which needs less revenue but rather more market domination. Randy predicts that Twitter will go public in 2011 and that Facebook, Zynga, Yelp and LinkedIn are positioned well to go public.
His parting advice to entrepreneurs who want to build a company to an exit is," Have satisfying customers and build strong market momentum because investors have to believe the story continues."
Reena Jadhav is a 4 time entrepreneur (Done.com, Conduit, JobFlash, Riiwards), now working on HealerPedia.com, start-up Advisor, and Investor with Valley incubators. Harvard MBA, Summa Cum Laude Wharton Business School.
All author postsReena Jadhav speaks with Randy Williams, founder of Keiretsu Forum - a leading angel network
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Reena A Jadhav
Keiretsu Forum's Randy Williams on his outlook for exits
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Reena A Jadhav
Angel group/VC
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Claremont Creek Ventures is a venture capital firm investing in early stage information technology companies. Our investment professionals are experienced managers and proven venture investors. Our team shares a deep commitment to helping entrepreneurs build successful companies from the ground up. We focus on IT sectors where we have deep domain expertise, including – but not limited to – energy efficiency, IT healthcare, sensor based systems and security markets.
Claremont Creek Ventures is based in the East Bay. It is the premier funding source for early stage technology opportunities in the local area. We strive to reach a wider population of entrepreneurs – from Silicon Valley to the East Bay Area and beyond. Our East Bay location allows us to work closely alongside a strong entrepreneurial community and excellent research-driven "incubating institutions", such as UC Berkeley, UC Davis and the Lawrence Livermore and Berkeley Laboratories.
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HealthBootcamps is a platform for doctors to offer actionable affordable online health programs to 100 million Americans suffering from chronic disease.
Our health bootcamps are powered by Dr. Joel Kahn for heart health, Dr. Connealy for beating cancer, Dr. Vij for diabetes, Dr. Seibel for women's health and menopause, Dr. Comella for biohacking health and many more.
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Reena Jadhav is a 4 time entrepreneur (Done.com, Conduit, JobFlash, Riiwards), now working on HealerPedia.com, start-up Advisor, and Investor with Valley incubators. Harvard MBA, Summa Cum Laude Wharton Business School.