CDVCA 2006 Pre-Conference Workshop and Annual Conference Agenda

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Monday, March 27 -- Pre-Conference Workshop
Double Bottom Line Investing: An Introduction to the CDVC Approach (Agenda)

Tuesday, March 28 -- Conference Day One

8:00 – 9:00 am -- Breakfast & Check-in

9:00 – 10:00 am -- Opening Plenary (Powerpoint)
The Next Generation CDVC Fund: What We Have Learned
Fund managers that are raising or have raised second or third CDVC funds will share lessons they have learned and how they are applying these lessons as they design and raise subsequent funds. What adjustments are they making in their target markets, investment strategies, and geographic scopes? How are they repositioning their funds to meet the requirement of today’s investors?

10:15 – 11:45 am -- Concurrent Breakouts - Sessions I
Structuring CDVC Funds (Powerpoint)
Debevoise & Plimpton has acted as counsel for sponsors of or investors in half the private equity funds raised globally since 2000. Gain from their wealth of experience as they discuss fund formation, structuring and current market terms.

The New Markets Tax Credit: How To Make It Work for CDVC (Powerpoint 1 / Powerpoint 2)
The $15 billion New Markets Tax Credit program is the largest government effort in history to encourage investment in underserved areas, but for technical reasons it does not work well for venture capital. Learn about the program, the challenges of using it for CDVC, and efforts to reauthorize the credit and make it more useful for venture capital.

The Art of the Deal (Powerpoint)
Beyond careful due diligence and complex valuation techniques, much of being a successful venture capital investor boils down to art: judging the character of management, creating a mutually beneficial relationship between fund and portfolio company, and sensing when to stay in and when to get out. Hear from experienced practitioners who have made and lost money in the art of the deal.

12:00 – 1:30 pm -- Keynote Speaker: Emil W. Henry, Jr.

1:30 – 3:00 pm -- Concurrent Breakouts - Session II
Current Trends In Transactional Structure: “Industry Standard” Deal Terms (Powerpoint)
Joseph Bartlett, a venture capital attorney and founder of VC Experts will discuss legal and economic terms and structure of venture financings in light of recent legislation, custom and usage in the industry. He will provide survey data on “industry standard” terms between issuer and investor and analysis of legal and financial trends in term sheet negotiation and deal structure.

The Market Opportunity of Underinvested Regions and Sectors (Powerpoint)
CDVC funds invest in underinvested regions of the country and industry sectors. Hear why these markets can offer great investment opportunities. Learn about challenges to investing in these markets and methods CDVC funds have developed to overcome these challenges.

The Third Bottom Line: Financing Environmentally Sustainable Businesses (Powerpoint 1 / Powerpoint 2 / Powerpoint 3)
As part of their social goals, many CDVC funds aim for a third bottom line: environmental sustainability. Learn from funds that have pioneered this approach to social investment.

3:15 – 5:15 pm -- Case Study (PDF)

6:30 – 8:30 pm -- Evening Reception

Wednesday, March 29 -- Day Two

8:30 – 9:00 am -- Breakfast

9:00 – 10:15 am -- CDVCA Member Update (Powerpoint)
This session will provide an update on CDVCA’s activities and services, and on the most recent research data on CDVC industry. We also want to hear from you. Feedback plays a critical role in shaping our initiatives and enhancing our efforts to serve the industry.

10:30 – noon -- Concurrent Breakouts - Session III
Near Equity Investing (Powerpoint 1 / Powerpoint 2) Near-equity investments are structured as debt with an upside—with royalties, warrants or conversion features. Learn how to use these tools in your investment strategy.

Tech Transfer and High Tech Investing (Powerpoint 1 / Powerpoint 2 / Powerpoint 3)
This session will explore using high tech investing and technology commercialization from universities and federal labs as an economic development tool. Hear from fund managers who have had some real success with this model.

Community Foundations and Other CDVC Catalysts (Powerpoint 1 / Powerpoint 2)
Several community foundations and other regionally-focused institutions have taken leadership roles in supporting and catalyzing the development of new CDVC funds. Hear how these catalysts are advancing the CDVC industry.

12:00 – 1:30 pm -- Lunch & CDVCA Excellence Awards Presentation

1:45 – 3:15 pm -- Concurrent Breakouts - Sessions IV
The Art of the Exit
CDVC funds are increasingly experiencing lucrative exits. Learn about how to achieve strong financial and social returns from practitioners discussing real-world successful exits.

What to Do When Your Investment Is in Trouble (Powerpoint)
Every venture capital portfolio has its share of underperforming companies. Gary Brooks, Managing Director of CDVCA’s Central Fund who has 35 years of experience in intensive company workouts, will discuss how to spot problems in your portfolio early and alternative actions to take to reestablish financial stability.

3:30 – 5:00 pm -- Closing Plenary: Investors Panel
A group of investors who have been important sources of investment capital for CDVC funds tell us about their investment criteria and trends in the industry.