May 20, 2004

Initial Funding and Recapitalization: The first 90 days
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Registration: for Members, Affiliates and Professional Services

We will explore the objectives to be accomplished following a Series A financing round and a recapitalization round, with viewpoints from the perspective of management and of venture investors. The panel members will discuss not only their views on the milestones to be achieved after these
critical financing events, but also what needs to be understood among all the constituent parties before the closing in order to get on the critical path in the first place.

Key advice for management from experts on:

Initial Funding
What needs to be in place when you look at the co as an investor
When do you need to generate a mission statement for your company?
What's critical path post closing
What are the rules management needs to know to scale a company?
What happens to milestones generated before funding?
When'how is the operations plan generated?
What happens during a capital review?
When/How do you build culture?
Outsourcing functions-When, Who?
Board Communications- When is there over communication?
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What issues do investors have with CEOs?
What issues do investors have with other investors?

Recapitalization
What is a good approach to Recapitalization?
What ground work needs to be in place?
How do you incentivise your employees?
How do you get better performance?
What happens to bridge finincing?
How do you address the emotional part of a recapitalization?
What part do public relations play?
How can VCs support the CEO?
How do you use the Board in a recapitalization?
How can a CEO stay on track through a recapitalization
How do you maintain and support your company's culture?
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What issues do investors have with CEOs?
What issues do investors have with other investors?

Moderator:
Dana M. Warren, Partner, Bingham McCutchen LLP

Panelists to date:
Lara Druyan, General Partner, Allegis Capital
Mairtini NiDhomhnail, Executive Vice President, Horn Murdock Cole
Steve Parry, Partner, NGen Partners
Paul Matteucci, Venture Partner, USVP

Date: May 20

Time:
Doors open: 6 pm
Panel Discussion: 7-8:30 pm

Location:
Bingham McCutchen LLP
1900 University Avenue
East Palo Alto, CA 94303

Registration: The ACTEVA web based registration closes 5 pm the day before the event.

Hors d'oeuvres, wine and soft drinks will be served.

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