MOUNTAIN VIEW, Calif., June 11 /PRNewswire/ -- Springboard Enterprises, a
national non-profit organization which hosts highly acclaimed educational
programs and a venture forum featuring women-led emerging growth companies is
gearing back up in the Bay Area, highlighted by two key events next week.
During the week of June 16, which is shaping up to be women entrepreneurs
week in the region, Springboard will host an alumnae gathering and a Growth
Capital Workshop, [the first step in] the program's return to the Bay Area.
Springboard will also announce a new partnership with the San-Francisco based
Women's Technology Cluster to resume Springboard Venture Forums in the area in
Springboard launched its program in Silicon Valley in 2000, in what
remains for entrepreneurial companies as the mecca for venture capital. While
the economy has been brutal to the region, the National Venture Capital
Association recently reported that Silicon Valley venture funds account for
one third of all venture investments made in the first quarter of 2003 or more
investments than the next five major markets combined. The Bay Area remains
fertile ground for the growing ranks of entrepreneurial women who are filling
the pipeline from academia via corporations to entrepreneurial ventures.
To date, 62 women entrepreneurs headquartered on the West Coast have
presented their companies at Springboard Forums. With their 200 colleagues
headquartered in New England, New York, Washington, D.C., Research Triangle
Park, Texas and the Midwest, Springboard portfolio companies have raised $1
billion in venture capital. 80 percent of these companies continue to grow
and while most Springboard alumnae are still associated with the companies
they presented at Springboard, others have gone on to launch new ventures or
assume leadership roles in other companies.
"The track record to date of Springboard portfolio companies has been very
impressive and Springboard alumnae are an incredibly talented and experienced
pool of women innovators," said Kay Koplovitz, chair of Springboard
Enterprises. "While they are outperforming the market to date, they recognize
that managing growth and succession remains their most compelling challenge.
Just as we've done to prepare them for the equity markets, we want to bring
the resources to the table to support the next wave of their development."
Springboard has been hosting gatherings of its alumnae in major markets
across the country. The first gathering for West Coast alumnae is scheduled
for June 16 in Mountain View at the offices of the law firm of Fenwick and
West. On June 17, following the Alumnae Gathering, Springboard has invited the
area's women-led companies to attend a Growth Capital Workshop co-hosted by
The Lester Center for Entrepreneurship & Innovation at UC Berkeley and The
Women's Technology Cluster.
"We are delighted to bring Springboard back to the Bay area, convening our
network of investors, entrepreneurs and service providers and working with The
Lester Center at UC Berkeley and the Women's Tech Cluster," said Amy Millman,
president of Springboard.
About Springboard Enterprises
SPRINGBOARD ENTERPRISES is a national non profit organization dedicated to
accelerating women's access to the equity markets. The organization produces
programs that educate, showcase and support entrepreneurs as they seek equity
capital and grow their companies. Since 2000, nearly 300 companies have
presented their businesses to investors at Springboard events and have raised
$1 billion in equity capital. For more information, visit
SOURCE Springboard Enterprises