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The Hawaii Venture Capital Summit ~ How to Raise Follow-on Funding in Regional Markets ~ March 11, 2010 Hilton Hawaiian Village Honolulu, Hawaii Presented by:


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The Hawaii Venture Capital Summit

How to Raise Follow-on Funding in Regional Markets

WHEN

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Aloha and Welcome to the Hawaii Venture Capital Summit How to Raise Follow-on Funding in Regional Markets We are pleased you can participate in this timely conference. Regional communities such as Hawaii suffer from a scarcity of follow on venture capital to allow start-up companies to continue their growth. Many of Hawaii's most promising companies must eventually seek venture capital outside the state. The Hawaii Venture Capital Summit is designed to address the issues, challenges and best practices for being successful in securing follow on venture funding on the mainland. The conference topics of discussion should assist entrepreneurs, economic development practitioners, professionals who advise businesses, and local angel investors. The Hawaii Venture Capital Summit is an educational forum, held in two parts. First, a series of mainland and Hawaii expert panelists will speak on a variety of topics related to follow-on financing. Second, there will be an opportunity for pre-selected local entrepreneurs to pitch in front of a panel of experts with the audience observing. The networking pau hana session at the end of the summit will provide an opportunity for the Hawaii entrepreneurial community to get to know the mainland VCs right in their own back yard, and to showcase the diverse talent that Hawaii has to offer. We hope this will be a productive and enjoyable day for you. Aloha, The Hawaii Venture Capital Summit Organizers

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COST

March 11, 2010 7:30 a.m. 5:20 p.m. Pau Hana Hilton Hawaiian Village Coral Ballroom 2 2005 Kalia Road Honolulu, HI 96815 $129 Registration Fee $150 Late Registration


Program Coral Ballroom 2

7:30 a.m.

Continental breakfast

8:00 a.m.

Introduction and Welcome Yuka Nagashima, High Technology Development Corporation (HTDC) Opening Address Rod June, Chief Investment Officer, Hawaii Employees’ Retirement System

8:20 a.m.

The Top 5 Items That Determine Value Moderator: Panel:

Chenoa Farnsworth - Hawaii Angels John Hall - Horizon Ventures Jim Glasheen - Technology Partners Paul Weinstein - Azure Capital Partners Christopher R. Hemmeter - Quest Hospitality Ventures

9:00 a.m.

Break – Sponsored by HiBEAM

9:15 a.m.

Missteps in Determining Valuation Moderator: Panel:

10:00 a.m.

How Can You Position Your Company to Raise Equity From New Investors? Moderator: Panel:

10:45 a.m.

Ian Kitajima - Oceanit Darren Kimura - Sopogy William M. Reichert - Garage Ventures

The Top Ten Mistakes Made by a Company Seeking Funding Moderator: Panel:

11:30 a.m.

Rob Robinson - Kolohala Venture John Trbovich - Arsenal Venture Partners Stewart Pressman - McCorriston Miller Mukai MacKinnon LLP Brian Birk - Sun Mountain Capital Kent Madsen - Epic Ventures

Bill Spencer - Hawaii Venture Capital Association (HVCA) Saman Diaz - Serial Entrepreneur Timothy Dick - Startup Capital Ventures Terree Wasley Summer - Arizona State University Technopolis Laura Roden - VC Privé

Coral Ballroom 1

Lunch – Keynote Speaker Douglas G. Watson, former President & CEO Novartis America

Douglas G. Watson is the founder of Pittencrieff Glen Associates, which was established in June, 1999. Prior to this, he was President and CEO of Novartis Corporation, the US subsidiary of Novartis A.G.

Introduction – Debra Guerin Beresini, invencor Moderator – Shan Steinmark, Strategic Transitions Research, Inc

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Program continued 1:00 p.m.

Board Governance and the Value of a Strong Board of Directors Moderator: Panel:

1:45 p.m.

Larry Gilbert - Sennet Capital Larry Rodriquez - Retired E&Y Partner Michael O'Malley - Goodsill, Anderson, Quinn & Stifel Timothy Dick - Startup Capital Ventures David Griest - SJF Ventures

Leveraging Grants, Lending and Other Sources of Funds Moderator: Panel:

2:30 p.m.

Coral Ballroom 2

Susan Yamada, Pacific Asian Center for Entrepreneurship, University of Hawaii Albert Martinez - Silicon Valley Bank Tim Bubnack - Huntington Capital Heidi Kuehnle - Kuehnle Agrosystems

Break – Sponsored by Hawaii Strategic Development Corporation

Company Sessions

Coral Ballroom 2

2:45 p.m

Introduction - Mark Ritchie, Enterprise Honolulu

2:50 p.m.

Company Presentations – 2 Minute Pitch Three companies will deliver 2-minute pitch presentations followed by 5-minute feedback from a panel of experts. Moderator: Keiki-Pua Dancil, Hawaii Science & Technology Council/Institute Panel: John Hall - Horizon Ventures Brian Birk - Sun Mountain Capital Christopher R. Hemmeter - Quest Hospitality Ventures Companies: 2:50 p.m. Cardax Pharmaceuticals - David Watumull 3:00 p.m. GreenCar Hawaii - Justin MacNaughton 3:10 p.m. Asia Pacific Films - Jeannette Hereniko

3:25 p.m.

Presentation of University Technologies Three selected university researchers/professors will each give a 5 minute presentation of their innovations, followed by Q&A. Moderator: Bee Leng Chua - HiBEAM Panel: Terree Wasley Summer - Arizona State University Technopolis Saman Dias – Serial Entrepreneur Nate Summer - ASU Foundation, Arizona State University Presenters: 3:25 p.m. Bor Yann Liaw, Hawaii Natural Energy Institute - Sugar Batteries 3:40 p.m. Oscar Navarro, UH Department of Chemistry - New Catalyst for Cheaper and Faster Preparation of Pharmaceutical Drugs 3:55 p.m. David Rockwood, UH School of Architecture - Next Generation Moving Walkways

4:10 p.m

Break – Sponsored by Hawaii Strategic Development Corporation & HiBEAM 3


Program continued Coral Ballroom 2 4:25 p.m.

Company Presentations – 10 Minute Presentations Three selected companies will each give a 10 minute presentation to the audience, to be critiqued by a panel of investors. Moderator: Karl Fooks - Hawaii Strategic Development Corporation Panel: William M. Reichert - Garage Technology Ventures David Griest - SJF Ventures Laura Roden - VC Privé Kent Madsen - EPIC Ventures Companies: 4:25 p.m. Hawaii Biotech - Elliot Parks 4:40 p.m. BlueWave Technology - Riki Fujitani 5:05 p.m. Qmania - Douglas Kato

Concurrent One on One Meeting with Investors Selected Hawaii companies will meet one on one with an investor

5:20 p.m.

Company: Investor: Sector:

Mike O'Neill - TruTags Jim Glasheen - Technology Partners Life Science

Company: Investor: Sector:

John Bower - uBoost Paul Weinstein - Azure Capital Partners Technology

Company: Investor: Sector:

Cathy Owen - Nanopoint, Inc. John Trbovich – Arsenal Venture Partners Dual-use

Coral Ballroom 2

Closing Remarks Elizabeth Hokada, Director of Financial Assets Division, Kamehameha Schools Introduction - Antonia Nicols, GKM Newport

5:30 p.m.

Rainbow Suite & Patio

Pau Hana Reception Networking Session Company Exhibits Location: Rainbow Suite & Patio, Ground floor, Rainbow Tower

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Speakers Keynote Speaker DOUGLAS G. WATSON Pittencrieff Glen Associates Douglas G. Watson is the founder of Pittencrieff Glen Associates, which was established in June, 1999. Prior to this, he was President and Chief Executive Officer of Novartis Corporation, the US subsidiary of Novartis A.G.

KENT MADSEN Managing Director, EPIC Ventures Kent Madsen is a Managing Director of EPIC Venture Fund, and has been a venture capitalist investing in seed and early-stage technology companies for more than a decade. ALBERT MARTINEZ Senior Relationship Manager, Silicon Valley Bank Albert Martinez leads the relationship management team for Silicon Valley Bank’s Accelerator, which contributes to the success of start-up companies by leveraging SVB's vast relationships and domain expertise.

BRIAN BIRK Managing Partner, Sun Mountain Capital Brian Birk has over 20 years experience as an operating executive and investor. Brian is the Managing Partner of Sun Mountain Capital, which he co-founded in 2006.

MICHAEL J. O'MALLEY Partner, Goodsill Anderson Quinn & Stifel LLP Michael J. O'Malley represents clients in their initial organization and structuring, business dealings, M&A transactions, infrastructure, capital and other financings, tax planning and proceedings before tax authorities, and also addresses issues of corporate governance and fiduciary duty.

TIM BUBNACK Partner, Huntington Capital Tim Bubnack joined Huntington Capital in June 2007 and has more than 17 years of lending, technology investment and financial experience. SAMAN DIAS Serial Entrepreneur Saman leads Entrepreneurs and Small Businesses Coalition for Carly for California, and is an Advisor for Astia, an innovative global not-for-profit organization whose mission is to foster the full participation of women in entrepreneurship.

STEWART PRESSMAN Partner, McCorriston Miller Mukai MacKinnon LLP Stewart Pressman is a partner in the Honolulu law firm of McCorriston Miller Mukai MacKinnon LLP, practicing in the corporate department and concentrating in the areas of mergers and acquisitions, venture capital transactions, private equity fund organization, securities law, and general corporate and business organization matters.

TIMOTHY DICK General Partner, Startup Capital Ventures Tim was Founder of Hawaii Superferry, a company that brings energy-efficient inter-island ferry service to Hawaii. Prior to that, Tim was Founder and President of Grassroots.com, a political web technology company.

WILLIAM M. REICHERT Managing Director, Garage Technology Ventures Bill Reichert is a Managing Director of Garage Technology Ventures, a seedstage and early-stage venture capital firm based in Palo Alto, California.

JIM GLASHEEN General Partner, Technology Partners Jim joined Technology Partners from CIT Venture Capital, where he served as Managing Director, leading the Group's efforts in Life Science investing.

LAURA RODEN Founder & Managing Director, VC Privé LLC Laura Roden is the founder and managing director of VC Privé, LLC. VC Privé is a boutique investment bank that raises money for high quality alternative asset funds, such as venture capital funds, hedge funds, and distressed debt funds.

DAVID GRIEST Managing Director, SJF Ventures David Griest is a Managing Director with SJF Ventures, a venture capital fund with $45 million under management and offices in Durham, NC, New York and San Francisco. SJF invests in high growth, positive impact companies primarily in the areas of cleantech, sustainability and technology-enhanced services.

LAWRENCE (LARRY) DENNIS RODRIGUEZ Lawrence Dennis Rodriguez is the former Managing Partner of the Hawaii practice of Ernst & Young LLP (Firm). NATE SUMMER Director, Strategic Partnerships, ASU Foundation, Arizona State University For the past several years, Nate has held the position of Director Strategic Partnerships for the Arizona State University Foundation.

JOHN HALL Managing Director, Horizon Ventures John Hall has more than 20 years of experience in the venture capital industry. In 1989 he co-founded Newtek Ventures II where he was a General Partner until 1999 when he co-founded Horizon Ventures.

JOHN TRBOVICH Managing Partner, Arsenal Venture Partners Mr. Trbovich co-manages both OnPoint Technologies, an early stage venture capital fund with the DOD as its sole Limited Partner; and MILCOM Technologies, a seed-stage venture fund focused on spinning out companies from DOD contractors and National Labs.

Dr. HEIDI KUEHNLE CEO and Co-founder, Kuehnle Agrosystems Dr. Adelheid (Heidi) Kuehnle is CEO and Co-founder of Kuehnle AgroSystems Inc., a life science company specializing in algae to solve real world problems.

TERREE WASLEY SUMMER Director of Innovation and Entrepreneurship for Arizona State University SkySong Terree Parlett Wasley is the Director of Innovation and Entrepreneurship for Arizona State University SkySong, which includes ASU Technopolis

CHRISTOPHER R. HEMMETER Managing Director, Quest Hospitality Ventures Chris has spent his entire professional life in the hotel, foodservice and technology industries and has held many leadership positions in strategy, development, operations and finance.

PAUL WEINSTEIN General Partner, Azure Capital Partners Paul Weinstein is a founding General Partner of Azure, where he focuses on communications services and equipment, mobility solutions and communications applications.

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Venue

Coral Ballroom 1&2

Pau Hana Hilton Hawaiian Village 2005 Kalia Road Honolulu, HI 96815 6


The Hawaii Venture Capital Summit is sponsored by: Title Sponsor

Platinum Sponsor

Gold Sponsors

Silver Sponsors

Bronze Sponsors

www.enterprisehonolulu.com/vcsummit


The Hawaii Venture Capital Summit Program