What is Seed-Stage Capital and How Do You Get It?


Texchange Houston presents:

What is Seed-Stage Capital and How Do You Get It?


You're invited to join us for our first meeting of the new season as we welcome back Texchange members and guests and kick off an exciting new year of programs.

Seating is limited - Register now!

Tuesday, Aug 16, 2005

Topic: What is Seed-Stage Capital and How Do You Get It?
Time: 5:30 PM (cocktail hour/cash bar) 6:30 - 8:30 PM (dinner/forum)
Location: Houstonian Hotel, Juniper room - 111 N. Post Oak Ln - Map
Fees Entrepreneur Members $35, Other Members $47.50, Non-members $60
Late Registration (after August 12) – Add $5
Walkup attendees (first come, first served) - $60
Speakers: Blair Garrou, Managing Director of DFJ Mercury Venture Partners


Register Online


Description:

Start-up companies look for seed stage venture capital after the “friends and family” and angel investors are tapped out from further investment.  Typically, the start-up company is well beyond proof of concept, but still needs more capital to finance the early development of their product or service.  Yet they are not ready to seek the $5 million+ that the larger venture capital funds seek to invest.  The time to approach seed stage venture capital firms is when capital needs are $500,000 to $2 million.

Blair Garrou has experience in the technology industry from all angles – being an investor, company CEO and advisor. 

Blair will share his experience and insights on:

     -  How seed stage venture firms differ from angel investors or larger VC funds.
     -  What seed stage firms look for in start-up companies
     -  How start-ups can increase their chances for successfully raising capital at this stage.

Blair Garrou is presently the Managing Director of DFJ Mercury Venture Partners, Houston’s newest early-stage venture capital fund.  DFJ Mercury invests in companies that address large market opportunities in the information technology, materials science and life science sectors.  DFJ Mercury is an affiliate of Draper Fisher Jurvetson (DFJ) and is part of the global intelligence network of DFJ funds.

Prior to DFJ Mercury, Blair led the sale of Houston-based software firm Intermat, Inc. to IHS, Inc. of Denver, Colorado.  Blair joined Intermat as its CEO after leading the leveraged buyout which took the company private from MRO Software in January 2003.  Prior to Intermat, Blair served as a Principal of Genesis Park LP, a Houston-based venture capital and private equity firm focusing on technology-driven, high-growth companies. At Genesis Park, Blair was responsible for deal sourcing, structuring and management, primarily for investment opportunities in the software sector. Prior to joining Genesis Park, Blair assisted in the launch of and was the Director of Operations for the Houston Technology Center. He holds a B.S. in Management with Special Attainments in Commerce from Washington & Lee University.

Texchange Event Format:
Meetings start with refreshments and informal conversation followed by a sit-down dinner where attendees can become acquainted with others at their table. After the speaker's presentation, each table discusses a pre-set technology or entrepreneurial topic among themselves. Everyone is encouraged to share their viewpoints and, especially, share knowledge gained through their own unique experiences. Afterwards, there is a moderated "open table" discussion.


Sponsored By:



Frost Bank



Forsythe Solutions





Beginning with September, Texchange Houston is moving the dinner event to the 2nd Tuesday of the month.

Don’t forget to mark your calendars now:

September 13, 2005 - "The Big Tent Event - A Look at the State of Entrepreneurship in Houston"



Houston Texchange Board of Directors:
Chairman/Treasurer: Jeff Williams, Managing Director, Mainspring Partners
President: Manish Asthana, President, Verum Solutions
President-Elect: Paul Schatz, VP Sales and Business Dev, INT Inc.
Past President: Mike Goodwin, Lockton Companies of Houston, Inc.
Secretary: Paul Pryzant, Senior Counsel, Locke Liddell & Sapp
VP Programs:  Joe Barber, President, Total Excellence Management Corp.
Richard Burgess, Dir Bus Dev Venture Services, Air Liquide America
Austin Goings, Manager, Knowledge Systems
Tom Rubenak, Manager, Forsythe Solutions
John Sturtevant, President, The Writing Workshop
Ken Williams, Executive VP, Frost Bank




For further information contact:
Technology Entrepreneurs' eXchange
Phone: 281.772.9179
Email: info@texchange.org
http://www.texchange.org

Speaker

Organizer Paul Schatz

When

Tue, Aug. 16, 2005
5:30 p.m. - 8:30 p.m. US/Central

Where

Houstonian Hotel
111 N. Post Oak Ln.
Houston, Tx 77024