2006 Symposium -Location, Luck, or the Law: Why Some Venture Capital Communities Flourish
March 17, 2006 Barrister Club
Wondering who will be the next Silicon Valley? The Entrepreneurial Business Law Journal‘s first annual symposium featured expert panelists from the business sector, academia, and legal practice presenting their theories on why venture capital flourishes in some cities (and countries) and fails in others. If you were unable to attend you are now able to watch the event as an archived webcast.
Derrick Collins teaches Entrepreneurial Finance and Venture Capital and Private Equity Investing at Northwestern’s Kellogg School of Business, and is a General Partner of Polestar Capital Partners, L.P., a private venture capital partnership located in Chicago, Illinois. Polestar invests primarily in early-stage to growth-stage technology companies that are controlled and/or led by minority entrepreneurs. Mr. Collins has also lectured extensively on the topic of venture capital and investing in entrepreneurial companies, including presentations at the Credit Suisse International Business School, the National Minority Supplier Development Council’s Advanced Management Education Program, and the Wall Street Journal’s Black Entrepreneurship in America Conference. Mr. Collins’ current board affiliations include Adamation, Inc., BridgeStream, Inc. and National Association of Investment Companies. Mr. Collins has also served as a judge for Arthur Andersen’s Best Practices Awards.
JOSEPH W. BARTLETT
Joseph W. Bartlett has acted as counsel to, director of, and shareholder in a number of developmentstage companies during his 40-year career in the venture capital business. Mr. Bartlett currently is of counsel to Fish & Richardson P.C. as a member of its Corporate and Securities group. His practice emphasizes alternative investments, venture capital, emerging companies, initial public offerings, corporate restructurings, private equity finance, and buyouts. Mr. Bartlett also is the founder and chair of VCExperts.com, Inc., the future online home of Moritz Law’s Entrepreneurial Business Law Journal.
WILLIAM B. CHANDLER III
William B. Chandler III is the chancellor of the Delaware Court of Chancery. He is currently handling the Disney case involving corporate executive pay. Chancellor Chandler holds a J.D. from the University of South Carolina and a L.L.M. from Yale University and has taught at the University of Alabama Law School and Widener Law School. He will teach at Vanderbilt Law School in fall 2006.
Tait Graves is an attorney at the San Francisco office of Wilson, Sonsini, Goodrich & Rosati. Nearly 100% of Mr. Graves practice is in trade secret litigation and trade secret counseling for new start-ups. He works frequently with small, venture-backed companies, as well as larger businesses like Google. As one of the few attorneys in Silicon Valley working in this niche full time, Mr. Graves brings a unique perspective of how trade secret and non-competition rules affect the growth of venture-backed innovation communities. Mr. Graves is currently writing a series of critiques of trade secret law which can be found in publications such as the UCLA Journal of Law & Technology and the Virginia Journal of Law & Technology.
Paul Evans taught at Stanford University and the University of Houston before coming to Ohio State in 1987 as a professor in the economics department. Dr. Evans is broadly interested in all economics but has specialized in applying econometrics to address questions in macroeconomics. His extensive publications investigate the effects of monetary policy on inflation and output, budget deficits on aggregate demand, and government policies on long-term growth.
Richard Booth is Marbury Research Professor of Law at the University of Maryland School of Law, where he teaches Business Associations, Corporate Finance, Mergers & Acquisitions, and Business Planning & Venture Capital. He is a graduate of the University of Michigan and Yale Law School. Prior to joining the University of Maryland faculty in 1990, Professor Booth practiced in New York with Donovan Leisure Newton & Irvine primarily in the area of corporate and securities litigation. He also held visiting positions at Chicago-Kent, the University of Aberdeen ( Scotland), and George Washington University. Professor Booth has published extensively in scholarly journals and for the popular press, as well as authoring Financing the Corporation (1993-2003), and (with Robert Hamilton) Business Basics for Law Students (3d ed. 2002), Fundamentals of Modern Business (1994-2004), Cases and Materials on Corporation Finance (3d ed. 2001), and Corporations (5th ed. 2005).
KENNETH G. HARDY
As a professor of marketing at the Richard Ivey School of Business in London, Ontario, Canada, Kenneth G. Hardy is the holder of the Alumni Chair in Entrepreneurship. He has worked for Procter & Gamble and has consulted for a lengthy list of leading firms such as Nabisco, DuPont, and Mobil. He has also taught on a wide variety of executive programs in many different countries, including Ireland and Norway. Professor Hardy’s teaching and research interests include strategic market planning and marketing for entrepreneurs.
WILLIAM L. INDEST
William L. Indest works as staff manager for the Ohio Venture Capital Authority in the Technology Division of the Ohio Department of Development; as program manager for the Technology Investment Tax Credit program; and as staff for the Third Frontier and Seed Fund Initiatives. He was a founder, president, and CEO of SenTek Corporation, an Ohio firm providing specialized instrumentation solutions to process industries. Mr. Indest was also general manager of the worldwide metal sensors business for Asea Brown Boveri, one of the world’s largest electrical engineering companies. He began his career at AccuRay Corporation in Columbus, serving in engineering, sales, marketing, and general management positions.
Irene Lynch-Fannon is a Professor of Law at University College in Cork, Ireland, where she has taught since 1987. She was appointed Head of the Department of Law for the period 1999-2002 and was elected Dean of the Faculty of Law 2000-2002. She also is qualified as a solicitor and has practiced in London. She has acted as External Examiner for the University of Limerick and the National College of Ireland. Professor Lynch-Fannon’s current research interests include corporate governance with emphasis on EU-US comparisons. This interest is directly reflected in her latest publication, Working Within Two Kinds of Capitalism: Corporate Governance and Employee Stakeholding – US and EC Perspectives. She continues to be involved in research on transatlantic corporate regulation and co-operation and has recently been appointed to the Business Regulation Forum established by the Irish Minister for Enterprise and Employment. Professor Lynch-Fannon has also served as the Baker & Hostetler Chair while visiting at Cleveland Marshall College of Law in 2003-2004.
D. GORDON SMITH
As a Professor of Law at University of Wisconsin Law School, D. Gordon Smith has had the opportunity to also serve as the Associate Director of INSITE – the Initiative for Studies in Technology Entrepreneurship. INSITE is an interdisciplinary group within the University of Wisconsin whose mission entails developing innovative and competitive research programs to expand the contributions of entrepreneurship and technology into the wealth of related research already present on the University of Wisconsin’s Madison campus. Professor Smith specializes in corporate and securities law, with a particular emphasis on entrepreneurial businesses and venture capital. Professor Smith is currently working on the first law school casebook on The Law of Entrepreneurial Finance with Moritz’s own Professor Larry Garvin.