You are invited to OPEN SV’s Winter Quarter event:
Overcrowded or Undercrowded: 2012 The Rise and Evolution of Collaborative Funding
When: Dec. 18th 2012
Time: 6pm – 9pm
Location: Fenwick and West, Mountain View CA
801 California Street Mountain View, CA 94041
Registration: $15 (non members); Free (OPEN SV Members)
Click to Register
Entrepreneurs have always focused on getting their first or second round of investment either via Angel Investors or VCs but we saw the game change in 2012 where Crowdfunding become the new norm. With this new way of raising capital, entrepreneurs are finding ways to go fund special projects, start major research or jumpstart new companies without giving away any equity. We see the streamlining of resources and the growth of websites catering to entrepreneurs looking to crowdfund their ideas but which ones make sense. Have you wondered what it takes to convince a crowd or how to use social networking to bet on you and your new venture? Crowdfunding has seen an explosive growth this year that has fueled many questions that remain unanswered today such as:
1. What are the legal issues involved with crowdfunding? Intellectual Property?
2. What financial obligations do entrepreneurs have to their crowdfunded investors?
3. What happens if your product or company never gets launched? What happens to the funds?
4. What are the most effective strategies and means of crowdfunding that are being used today?
5. What is the future of crowdfunding? What platforms are ideal for your venture?
Our panelists will help answer these questions and more on how to jumpstart your new venture with using crowdfunding models.
Aurangzeb Khan is a serial entrepreneur with extensive experience in the semi-conductor industry. He has led several successful startups including Altius Solutions, Simplex Solutions and Everspin Technologies and currently leads Altia Systems and is currently crowd sourcing for the post-series A funding. At the talk, he will bring the perspective of an entrepreneur who has raised funds conventionally and is now engaged in the crowd sourcing model for his latest venture. Aurangzeb has a MS in electrical engineering and an MS in engineering management from Stanford University.
Justin Bailey is an entertainment professional with over a dozen years in business development and strategic planning focused on the interactive entertainment industry. Currently he is the VP for Business Development at Double Fine and has recently raised over $3M. Justin has evaluated and presented hundreds of pitches, created multiple green-light committees, lead M&A initiatives, and helped publishers make the transition from retail to digital distribution. His specialties include series A and business case creation, P&L and financial analysis, contract management, title portfolio and product strategy and customer analysis and segmentation.
Riaz Karamali has extensive experience in corporate law, venture finance, mergers and acquisitions and technology transactions. He has worked with several start-ups and emerging companies, guiding them from the pre-founding stage through to the angel and venture capital financing rounds, significant commercial contracts and strategic alliances to their ultimate exit transactions. He has provided counsel to many privately held companies in the Internet, social gaming, biotechnology, semiconductor technology, medical devices and consulting arenas. Riaz has a J.D. from Columbia Law School and B.A. from Rice University.
Minal Hasan provides strategic counseling to emerging and high-growth technology companies, including legal and business advice on venture capital financings, mergers and acquisitions, public offerings, securities law matters, corporate governance, business transactions, and start-up issues. She has represented top-tier venture capital firms and investment banks in their offerings, and venture capital firms in their fund formations. Prior to joining Fenwick & West, Minal was a corporate and securities attorney with Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP in the Silicon Valley office. While at Gunderson, her representative transactions included AdMob’s acquisition by Google for $750M. Minal is the recipient of the California State Bar President’s Pro Bono Service Award and the firm’s Pro Bono Client Services Award for 2011.