IRVINE, Calif. – April 7, 2008 – Orange County Venture Group (OCVG), Orange County’s leading venture capital networking organization dedicated to the growth of venture capital funding in Southern California, has announced its April 15 breakfast panel, “Get It Golden,” will highlight the necessities of a winning exit strategy for venture backed companies by profiling the key players of Entropic Communications’ successful IPO. “Get It Golden” will take place 7:00 a.m. - 9:00 a.m. at the Westin South Coast Plaza.
“Entropic represents a very recent case study on a successful exit strategy that entrepreneurs can benefit from,” said OCVG President, Marc Averitt. “The start-up’s end game is the only reason VC’s invest in companies and the main reason so many entrepreneurs create companies in the first place.”
Entropic Communications is a leading fabless semiconductor company that designs, develops and markets silicon solutions to enable connected home entertainment. Founded in 2001, Entropic raised $48 million in their initial public offering in 2007, and was recently added to the Russell 3000 Index as one of the 3,000 largest public companies listed on U.S. stock exchanges.
Making up the expert panel are CEOs, VC’s and investment bankers who played key roles in Entropic’s successful IPO, including:
- Patrick Henry, CEO and Chairman of the Board of Entropic, who served prior as President and CEO of Pictos Technologies and exited after its multimillion-dollar sale to ESS Technology;
- Lance Bridges, VP Corporate Development and General Counsel, Entropic;
- Ernie Ruehl, Managing Director, Investment Bank of Credit Suisse;
- Leo Spiegel, Managing Partner of Mission Ventures; and
- moderator Bruce Hallett, Founder and Managing Partner, Miramar Venture Partners.
The panel will spotlight the balancing act needed to manage the end-game. This topic will interest anyone who is curious about what really goes on during an IPO or sale and everyone who funds, manages or advises venture and post-venture stage companies.
For more information about OCVG and updated speaker information, or to register, visit http://www.ocvg.com/calendar.html.
About OCVG:
The Orange County Venture Group is a volunteer-driven community networking organization focused on venture capital activities in Orange County. The OCVG board of directors is comprised of venture capitalists and other local business leaders that help support venture-backed entrepreneurs. OCVG programming consists of educational events, networking events, and other "special events" tailored to both entrepreneurs and VC's, including the popular VC in the OC. OCVG activities offer truly unique opportunities to those interested in learning more about venture capital and expanding their network of business contacts. OCVG’s Gold sponsors for 2008 include: Dorsey & Whitney, Moss-Adams, Stradling Yocca Carlson & Rauth, Comerica Bank, and Paul Hastings. For more information, visit www.OCVG.com.
