Tech Talk Tuesday

Exit Strategies

WHEN

  • November 13, 2007 7:30 AM - 9:30 AM

WHERE

  • Emerging Enterprise Center at Foley Hoag
  • Bay Colony Corporate Center, North Entrance
  • 1000 Winter Street – Suite 4000
  • Waltham, MA 02451
  • Map

DESCRIPTION

Before investing in a portfolio company, a venture investor will give thought to the potential exit strategy for that company. The actual liquidity event will be determined years later by market, competitive, and internal company factors -- but this all can’t happen without a well-defined plan. Similar to the positioning for pre-financing, the portfolio company must be primed to look and act like either an acquired or public company years before liquidity. Covington Associates will describe what is needed to be done to complete successful deals.

In this panel discussion the experts will discuss today’s harvesting marketplace, IPOs, strategic sales, and recaps. Topics will include:

  • Managing expectations
  • Pitfalls to avoid; how to manage a liquidity event without distraction from operations
  • Liquidity event preparation
  • Aftermarket performance issues
  • The proposed panel for the November 13th T-Cubed session will discuss these issues and ways that technology companies are positioned differently than other sector.

Panelists include:
Tom Cibotti, Managing Director, Covington Associates
Tim McMahon, Managing Director, Covington Associates
Leigh Michl, venture capitalist
Dick Fitzpatrick, CEO, JJWild