NYNMA's Venture Downtown 2001: Rx for a Bear Market; Featuring Keynote Speaker Joel Klein and VC Panel Moderated by Myron Kandel

Apr 25, 2001, 01:00 ET from New York New Media Association

    NEW YORK, April 25 /PRNewswire/ -- What sectors are venture capitalists in
 New York backing in 2001?  What criteria are venture capitalists using to
 ensure investments have long-term value?
     These and other "million dollar" questions will be tackled by some of the
 nation's leading venture capitalists at Venture Downtown 2001, the premier
 venture capitalist conference in New York, produced by the New York New Media
 Association (NYNMA).  Companies that have presented at Venture Downtown since
 1996 have raised more than $1 billion.  Venture Downtown, which will take
 place at the Grand Hyatt on May 15, provides attendees access to a unique
 community of venture capitalists and their carefully selected investment
 opportunities.
     At the May 15 luncheon panel, "The VC Cavalry is Coming: Are They Headed
 in Your Direction?," prominent venture capitalists from the East Coast will
 weigh in on the state of the venture capital market. Myron Kandel, financial
 editor and commentator for CNN Financial News, will moderate.  Panelists
 include Silicon Alley investment gurus: Alan Patricof, chairman, Patricof &
 Co. Ventures Inc. and honorary chairman of the Venture Downtown Selection
 Committee; James D. Robinson IV, general partner, RRE Ventures and Fred
 Wilson, co- founder and general partner of Flatiron Partners.
     Joel Klein, chairman and CEO of Bertelsmann Inc, and a former head of the
 Antitrust Division for the US Department of Justice, will deliver the
 breakfast address, "Giant Steps: Setting The Pace As New Media Advances."
     "Venture Downtown 2001 is for serious technology and new media investors,"
 said Executive Director of NYNMA, Alice Rodd O'Rourke.  "This year's Venture
 Downtown 2001 presenting companies have the business models, the competitive
 advantage and the driven, talented management teams that will attract some of
 the $40 billion in New York venture firms."
     A blue-ribbon committee of 40 New York-based venture capitalists reviewed
 more than 300 emerging companies and selected 24 of the most promising
 ventures in the forefront of technology.  This hand-picked group of
 entrepreneurs represent major investment categories such as emerging
 technologies, network infrastructure, enterprise software and wireless.
     "Contrary to the popular belief that money has dried up, there is more
 venture capital now than two years ago, but investors are more disciplined
 about evaluating long-term value," said Graham Anderson, partner of Euclid
 Partners and selection committee co-chairman.  "We're seeing
 regionally-focused deals, a return to corporate financing and a focus on
 vertical markets; including distributed computing, enterprise software,
 biotech and wireless infrastructure and application."
     According to John Gabbert, head of research for VentureOne, the leading
 venture capital research firm based in San Francisco, the median amount raised
 by venture-backed companies nationwide in fourth quarter 2000 hit a record
 high of $12 million, up $500,000 from the previous quarter.  Though total
 venture capital investments nationwide in fourth quarter 2000 was
 $13.7 billion, down $3.1 billion from third quarter, the overall median amount
 raised for venture capital financings in Q4 2000 was larger than in previous
 quarters.
     New York venture capitalists from Flatiron Partners, Wasserstein & Co.,
 RRE Ventures, EuclidSR Partners, i-Hatch Ventures, DFJ Gotham, Venrock,
 Primedia Ventures, Patricof & Co., Invesco Private Capital, Accenture and
 others will be present at Venture Downtown 2001.
 
     24 Presenting Companies
     Serious investors at the conference will hear presentations from:
 AdPilot, Inc.; Alphion Corporation; Audium Corporation; Avaltus;
 CapitalThinking, Inc.; ClickRadio, Inc.; CommerceHub; DataSynapse; Droplet
 Incorporated; Ecos Technologies; Improv Technologies, Inc.; Lexiquest, Inc;
 MobileMetrics, Inc.; Netilla Networks, Inc.; QRatings, Inc.; RestaurantTrade;
 The Book Report Network; The Eon Company; TurboGenomics; Unplugged Games,
 Inc.; Visible Tech-knowledgy, Inc.; Wasabi Systems, Inc.;  WizardWorld, Inc.
 and Xanboo.
 
     NYNMA Venture Downtown 2001 Sponsors
     Venture Downtown 2001 sponsors include Greenberg Traurig LLP; Empire State
 Development; JP Morgan Chase & Co.; PricewaterhouseCoopers LLP; Marsh, an MMC
 Company; Interactive Futures; Covington and Burlington; Akin Gump Technology
 Ventures; Flatiron Partners; Mellilo Consulting, Inc.; Oracle Venture Network;
 Brown Raysman Milllstein Felder & Steiner LLP; Frankfurt Garbus Kurnit Klein &
 Selz; Wasserstein & Co.; Pillsbury Winthrop LLP; Bollinger, Inc.; Morrison &
 Foerster LLP; Sprint PCS; Geller & Company; Hale and Dorr LLP; LC39 Ventures;
 Metropolitan Venture Partners; New York City Economic Development Council;
 Orrick Herrington & Sutcliffe, LLP and Reboul, MacMurray, Hewitt, Maynard &
 Kristol.
     Register for Venture Downtown 2001:  $795 for NYNMA members, $945 for
 non-members.  Non-member registration includes a one-year NYNMA membership.
 Additional information on Venture Downtown 2001 is available on the event's
 Web site at http://www.venturedowntown.org.  For more information contact
 membership@nynma.org, or phone 212.785.7898 ext. 303.
 
     About New York New Media Association (NYNMA)
     The New York New Media Association (NYNMA) (http://www.nynma.org), founded
 in 1994, is the leading industry association for Internet and related
 businesses.  NYNMA's mission is to serve the entrepreneurs, creative and
 business leaders of the new media industry in New York.  NYNMA provides a wide
 array of vital programs and events:  Evening Panel Series, Special Interest
 Groups (SIGS), Angel Investors Program, Venture Downtown venture capital
 conference and Super CyberSuds(TM), the premier trade show for the industry.
 NYNMA membership has soared to 8,400 individuals from over 4,800 companies,
 and members represent a broad spectrum of the new media industry, including
 sales, marketing, advertising, venture capital, investment banking,
 recruiting, technology, design, and more.  NYNMA has helped promote Silicon
 Alley as a major global center of the new media industry.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X70253357
 
 

SOURCE New York New Media Association
    NEW YORK, April 25 /PRNewswire/ -- What sectors are venture capitalists in
 New York backing in 2001?  What criteria are venture capitalists using to
 ensure investments have long-term value?
     These and other "million dollar" questions will be tackled by some of the
 nation's leading venture capitalists at Venture Downtown 2001, the premier
 venture capitalist conference in New York, produced by the New York New Media
 Association (NYNMA).  Companies that have presented at Venture Downtown since
 1996 have raised more than $1 billion.  Venture Downtown, which will take
 place at the Grand Hyatt on May 15, provides attendees access to a unique
 community of venture capitalists and their carefully selected investment
 opportunities.
     At the May 15 luncheon panel, "The VC Cavalry is Coming: Are They Headed
 in Your Direction?," prominent venture capitalists from the East Coast will
 weigh in on the state of the venture capital market. Myron Kandel, financial
 editor and commentator for CNN Financial News, will moderate.  Panelists
 include Silicon Alley investment gurus: Alan Patricof, chairman, Patricof &
 Co. Ventures Inc. and honorary chairman of the Venture Downtown Selection
 Committee; James D. Robinson IV, general partner, RRE Ventures and Fred
 Wilson, co- founder and general partner of Flatiron Partners.
     Joel Klein, chairman and CEO of Bertelsmann Inc, and a former head of the
 Antitrust Division for the US Department of Justice, will deliver the
 breakfast address, "Giant Steps: Setting The Pace As New Media Advances."
     "Venture Downtown 2001 is for serious technology and new media investors,"
 said Executive Director of NYNMA, Alice Rodd O'Rourke.  "This year's Venture
 Downtown 2001 presenting companies have the business models, the competitive
 advantage and the driven, talented management teams that will attract some of
 the $40 billion in New York venture firms."
     A blue-ribbon committee of 40 New York-based venture capitalists reviewed
 more than 300 emerging companies and selected 24 of the most promising
 ventures in the forefront of technology.  This hand-picked group of
 entrepreneurs represent major investment categories such as emerging
 technologies, network infrastructure, enterprise software and wireless.
     "Contrary to the popular belief that money has dried up, there is more
 venture capital now than two years ago, but investors are more disciplined
 about evaluating long-term value," said Graham Anderson, partner of Euclid
 Partners and selection committee co-chairman.  "We're seeing
 regionally-focused deals, a return to corporate financing and a focus on
 vertical markets; including distributed computing, enterprise software,
 biotech and wireless infrastructure and application."
     According to John Gabbert, head of research for VentureOne, the leading
 venture capital research firm based in San Francisco, the median amount raised
 by venture-backed companies nationwide in fourth quarter 2000 hit a record
 high of $12 million, up $500,000 from the previous quarter.  Though total
 venture capital investments nationwide in fourth quarter 2000 was
 $13.7 billion, down $3.1 billion from third quarter, the overall median amount
 raised for venture capital financings in Q4 2000 was larger than in previous
 quarters.
     New York venture capitalists from Flatiron Partners, Wasserstein & Co.,
 RRE Ventures, EuclidSR Partners, i-Hatch Ventures, DFJ Gotham, Venrock,
 Primedia Ventures, Patricof & Co., Invesco Private Capital, Accenture and
 others will be present at Venture Downtown 2001.
 
     24 Presenting Companies
     Serious investors at the conference will hear presentations from:
 AdPilot, Inc.; Alphion Corporation; Audium Corporation; Avaltus;
 CapitalThinking, Inc.; ClickRadio, Inc.; CommerceHub; DataSynapse; Droplet
 Incorporated; Ecos Technologies; Improv Technologies, Inc.; Lexiquest, Inc;
 MobileMetrics, Inc.; Netilla Networks, Inc.; QRatings, Inc.; RestaurantTrade;
 The Book Report Network; The Eon Company; TurboGenomics; Unplugged Games,
 Inc.; Visible Tech-knowledgy, Inc.; Wasabi Systems, Inc.;  WizardWorld, Inc.
 and Xanboo.
 
     NYNMA Venture Downtown 2001 Sponsors
     Venture Downtown 2001 sponsors include Greenberg Traurig LLP; Empire State
 Development; JP Morgan Chase & Co.; PricewaterhouseCoopers LLP; Marsh, an MMC
 Company; Interactive Futures; Covington and Burlington; Akin Gump Technology
 Ventures; Flatiron Partners; Mellilo Consulting, Inc.; Oracle Venture Network;
 Brown Raysman Milllstein Felder & Steiner LLP; Frankfurt Garbus Kurnit Klein &
 Selz; Wasserstein & Co.; Pillsbury Winthrop LLP; Bollinger, Inc.; Morrison &
 Foerster LLP; Sprint PCS; Geller & Company; Hale and Dorr LLP; LC39 Ventures;
 Metropolitan Venture Partners; New York City Economic Development Council;
 Orrick Herrington & Sutcliffe, LLP and Reboul, MacMurray, Hewitt, Maynard &
 Kristol.
     Register for Venture Downtown 2001:  $795 for NYNMA members, $945 for
 non-members.  Non-member registration includes a one-year NYNMA membership.
 Additional information on Venture Downtown 2001 is available on the event's
 Web site at http://www.venturedowntown.org.  For more information contact
 membership@nynma.org, or phone 212.785.7898 ext. 303.
 
     About New York New Media Association (NYNMA)
     The New York New Media Association (NYNMA) (http://www.nynma.org), founded
 in 1994, is the leading industry association for Internet and related
 businesses.  NYNMA's mission is to serve the entrepreneurs, creative and
 business leaders of the new media industry in New York.  NYNMA provides a wide
 array of vital programs and events:  Evening Panel Series, Special Interest
 Groups (SIGS), Angel Investors Program, Venture Downtown venture capital
 conference and Super CyberSuds(TM), the premier trade show for the industry.
 NYNMA membership has soared to 8,400 individuals from over 4,800 companies,
 and members represent a broad spectrum of the new media industry, including
 sales, marketing, advertising, venture capital, investment banking,
 recruiting, technology, design, and more.  NYNMA has helped promote Silicon
 Alley as a major global center of the new media industry.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X70253357
 
 SOURCE  New York New Media Association