Springboard Launches New Era in Bay Area

Alums and Next Wave of Women Entrepreneurs to Participate

Jun 11, 2003, 01:00 ET from Springboard Enterprises

    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