Forecasting Markets:
The Capital Update for 2006
Thursday, January 26, 2006
MIT's Kresge
Auditorium
Viewing Options:
View the presentations from our panel of experts:
In January 2005, the MIT Enterprise Forum's panel of experts
predicted that in the coming year the prime rate would rise
past 6.5 percent; life sciences and wireless would be the hot
industries for venture capital funding; and the stock markets
would have a strong year with more volatility and risk. What
will our experts predict for 2006?
If knowledge of funding opportunities and access to capital
is crucial to your business, then you need to attend the MIT
Enterprise Forum's next global broadcast program, "Forecasting
Markets: The Capital Update for 2006," on Thursday,
January 26, 2006 from MIT's Kresge Auditorium.
Attendees can
expect to learn:
• What the current climate is for entrepreneurs
looking for capital and venture funding;
• How a company should approach their financing
strategy;
• The steps one entrepreneur took to raise capital
in today's economy; and
• A forecast of the public markets for the coming
twelve months.
Our featured panel includes Bob
Crowley (moderator), president of the
Massachusetts Technology Development Council; Ned
Hazen, managing director of Lighthouse Capital Partners;
Martin Hensel, chief executive officer of Texterity, Inc.; T.L.
Stebbins, head of U.S. Investment for Canaccord/Adams; and Claire
Wadlington,
partner and chief financial officer of FA Technology Ventures.
Speaker Biographies
Bob Crowley
Bob Crowley [moderator] has
been associated with the Massachusetts Technology
Development Corporation (MTDC) since its inception in 1978, and was elected president of
MTDC in November 2002. Prior to that, he was its executive vice president
and chief investment officer. Bob is one of the most experienced
venture capital investors in early-stage technology companies in
New England .
A former chairman of the MIT
Enterprise Forum of Cambridge, Bob
is also a director and former chairman of the Smaller
Business Association of New England (SBANE), and currently serves as president of SBANE's
Education Center . He is also a director of National Small Business
United (NSBU), a Washington, D.C. small business advocacy group;
and director of two MTDC portfolio companies (Specific Surface Corporation
and Cambridge Applied Systems, Inc.). Bob has also served as director
of a number of companies including Optical Micro Systems, Inc.; Aspen
Technology, Inc.; MultiLink, Inc.; Pacer Infotech, Inc.; and Endogen,
Inc.
Bob has spent most of his professional life in finance, initially
as a commercial lender with Shawmut Bank and Neponset Valley Bank & Trust
Company, and, for more than 23 years, as a venture capital investor
with MTDC. He earned a B.A. from Fairfield University and an M.B.A.
from Boston College .
Ned Hazen
C. Edward (Ned) Hazen is a managing director in Lighthouse
Capital Partner's Cambridge , Massachusetts office and is responsible
for identifying investment opportunities, performing due diligence and
negotiating and monitoring East Coast portfolio investments. He has more
than 25 years of experience in the technology industry as an investment
banker, venture capitalist, and senior finance and operations executive.
Before joining Lighthouse in January 2000, Ned held various senior management
positions at Avid Technology from 1993 to 1999, including general manager
of the Office and Consumer Group, senior vice president of business development,
and treasurer. Prior to Avid, Ned was a managing director of Robertson Stephens
and Company from 1987 to 1993, where he was responsible for establishing
and building Robertson Stephens' Boston-based technology investment banking
practice in the Eastern U.S. and Canada .
While at Lighthouse, Ned's investments
have included AppIQ, Aprimo, Azea, Bit9, BuyDomains, CentrePath, DataPower,
EnerNOC, Glasshouse Technologies, Incipient, iPhrase, Kalido, Konarka,
Lilliputian, LiveVault, LVL7, Mazu, OpenPages, Orthogon Systems, RadioScape,
Revivio, Sandbridge, Sandburst, Soundbite, Winphoria, and Ximian.
Ned
holds a B.A. in political science from Brown University and an M.B.A.
from the Harvard Business School .
Martin Hensel
Martin Hensel is president of Texterity,
Inc., which
has been a provider of digital delivery for magazines and catalogs since
2002 following its first round of venture capital funding. He has been
with Texterity since 1991 when the company provided systems integration
services to publishers, and helped to add E-Book services in 1998. Previously,
Martin was general manager of Investext, a division of Thomson
Financial Services; co-founder and general manager of electronic publisher Wilson
Cambridge; and co-founder and president of LaserData, Inc., where he
chaired the NISO standards committee that established the CD-ROM format.
Martin received a B.A. in philosophy from New York University and an
M.B.A. from Harvard Business School .
T.L. Stebbins
T.L. Stebbins serves
as head of U.S. Investment for Canaccord/Adams.
Up until December 31, he served as managing director and chairman of investment
banking, Adams Harkness . T.L. joined the firm in 1970 as a research analyst,
and participated in the introduction of the New England Research Service. He
also formalized the firm's Investment Banking function and created the company's
Corporate Finance department from scratch. In the last 20 years, T.L. has participated
in the execution of every type of investment banking service provided
by Adams Harkness. These include IPOs, follow-ons, private placements,
mergers and acquisitions, and financial advisory assignments. The majority
of these transactions were completed for clients in the Technology sector.
Before joining Adams Harkness, T.L. worked in the research department of Estabrook & Co.,
where, after three years, he became director of equity research.
T.L. received a B.A. from Harvard College , and an M.B.A. from Harvard Business
School.
Claire Wadlington
Claire Wadlington is a partner and chief financial
officer at FA Technology Ventures.
She joined the firm after a series of operating roles at venture-backed companies,
most recently as vice president of finance and chief financial officer of Cayman
Systems, Inc.
Claire was a member of the management team that sold Cayman to Netopia,
Inc. Prior to joining Cayman, Claire was chief financial officer of a
publishing and Internet company. She had a primary role in the sale of
the publishing company to United News & Media PLC. In addition to
multiple operating roles, she worked as an investment banker for nearly
a dozen years and has extensive experience handling public and private
market transactions at First Albany Corporation, Lazard Freres & Co.,
and The First Boston Corporation.
Claire is a director of privately-held Adapt Media, serves on the executive board
of the MIT Enterprise Forum of Cambridge, and on the board of trustees of Christopher
House, Inc., Christopher House Assisted Living, and the Women's Union . She is
also a member of The Boston Club. She earned her B.A. from Yale University and
her M.B.A. from the Stanford Graduate School of Business.
