Harnessing the Expertise: How to Best Utilize Your Board of Directors
Shedding Light on the Behind-the-Scenes Conflicts on Boards of Directors
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Corporate boards of directors are composed of strong personalities that represent the often-diverse interests of investors and entrepreneurs. These diverging points of view among board members with differing interests, agendas and backgrounds can lead to conflicts during discussions of critical events in the life of a company. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>
Please join this distinguished panel of entrepreneurs, board counsels, and venture capital investors that will share anecdotal experiences to describe common conflicts and how to overcome them.
Panelists: Bob Hart, CEO, TeleSym Randy Conrads, CEO, RedWeek.com (founder, Classmates.com) Patrick Schultheis, Partner, Wilson Sonsini Goodrich Rosati Tony Audino, Managing Director, Voyager Capital
Moderator: Tom Simpson, Managing Partner, Northwest Venture Associates
Topics to be discussed: SS Recruitment and Talent (hiring & firing executives) SS Financing (balancing the interests of different levels of investors) SS Entrepreneur control - how much do founders give up? SS Board control - how much do investors get? |
Biographies
Bob Hart has more than 25 years of experience as a successful technology entrepreneur. He was most recently general partner at SeaPoint Ventures in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /?>
Bellevue, specializing in wireless and telecommunications, after leaving America Online where he was senior vice president. Prior to that, Hart was the CEO of Tegic Communications, a leading wireless applications company acquired by AOL in 1999. Prior to Tegic, Hart served as CEO of Optimas Corporation, a computer vision software company, until its sale to FLIR Systems in 1996. He was the co-founder and CEO of Sierra Geophysics, a leading provider of software applications to the oil & gas industry, from 1978 until its sale to Halliburton Company in 1989 and was a member of the Halliburton Energy Services' Management Committee from 1989 to 1993. He holds a bachelor's degree from the Massachusetts Institute of Technology, and a master's degree and Ph.D. from the California Institute of Technology.
Randy Conrads is co-founder of RedWeek.com, an online marketplace connecting travelers to the timeshare community. Before starting RedWeek.com, Randy's entrepreneurial spirit and vision created Classmates.com, the world's largest online community. Under Randy's direction, Classmates.com grew from a startup operating in his basement to one of the top 15 most highly trafficked websites on the Internet, with 38 million members and 2 million visitors each day. Prior to Classmates, Randy spent 21 years in senior management positions with a large aircraft manufacturer in Seattle. He received his Bachelor of Science in Industrial Engineering from Oregon State University and his MBA from Pacific Lutheran University.
Patrick J. Schultheis is the managing partner of Wilson Sonsini Goodrich & Rosati's Seattle office. Patrick has extensive transactional experience in public offerings, mergers and acquisitions, and private financings. Among the companies that he has represented in public offerings are Micron, InfoSpace, RealNetworks, Extended Systems, and Harmonic. He has represented RealNetworks and InfoSpace in several acquisitions and strategic investments. Patrick also represented Apex in its merger with Cybex, Harmonic in its acquisition of New Media Communications, Kalpana in its acquisition by Cisco Systems, and EIT in its acquisition by VeriFone. He is a co-author of The Initial Public Offering: A Guidebook for Executives and Boards of Directors (Second Edition). He received his J.D. from the University of Chicago and his A.B. in history (with distinction and departmental honors) from Stanford University.
Tom Simpson
Tom Simpson has 16 years of experience as a venture capitalist and investment banker building and serving successful Northwest businesses. Prior to forming Northwest Venture Associates, he was a managing director in Dain Rauscher Wessels' Seattle-based investment banking group, where he spearheaded fundraising for several of the region's most successful emerging companies. Tom is a director of Confirma, MessageGate, Pacific Edge Software, Sur La Table, Pet's Choice, Telect, TeleSym, VoteHere and a former director of AdRelevance (now NetRatings), Netpodium (now Akamai), and Packet Engines (now Alcatel). He has a bachelor's degree in business administration from the University of Washington and an MBA from The Wharton School.
Tony Audino
Tony co-founded Voyager and has a wealth of business development and senior management experience in the technology and investment arena. Tony currently serves on the boards of CapitalStream, GoAhead Software and Tideline Capital. Until August 2004, Tony served on the board of Primus, (NASDAQ: PKSI) a public company with over $20M in revenues which was acquired by Art Technology Group (NASDAQ: ARTG). He also served on the board of Captura prior to its sale to Concur Technologies (NASDAQ: CNQR) in 2002. Before co-founding Voyager in 1997, he spent seven years as an executive at Microsoft Corporation in marketing, business development, and finance positions. In his role as the Director of Marketing for MS-DOS he had world wide product management responsibility for this $600 million business, which then accounted for one-third of Microsoft's revenues and two-thirds of its profits. He received a B.S.B.A. degree from Creighton University.






