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Tuesday, November 07, 2006

Carly Fiorina: "The Academy Awards Of Business"

Carly Fiorina: "The Academy Awards Of Business"

For Immediate Release Contact: Alanna Zahn 212-219-7735

Executive Council of New York to Ring the NASDAQ Stock Market ...
2006 Ten Awards, Executive Council of New York

alanna@theazuregroup.com
Executive Council of New York Announces 2006 Ten Awards Finalists

2006 Ten Awards, Executive Council of New York

Hundreds of influential business leaders to gather to honor industry innovators
Cushman & Wakefield gala corporate host sponsor

Cushman & Wakefield - Global real estate solutions

New York, NY, October 17, 2006 – The Executive Council of New York, the premier business forum for networking and leadership education, today announced the finalists for the New York Ten Awards™, an annual selection of ten companies and individuals in the greater New York business community that display extraordinary innovation and leadership in their industry and beyond.

The award winners will be formally announced at the Ten Awards Gala to be held on November 6, 2006 at Cipriani Wall Street, produced again by Empire Entertainment, Inc. Carly Fiorina, former CEO of Hewlett-Packard and author of the new book, Tough Choices, will deliver the keynote remarks. Liz Claman, co-anchor of CNBC’s Morning Call and author of the upcoming book, The Best Investment Advice I Ever Received, will serve as Master of Ceremonies. Cushman & Wakefield will serve as host sponsor of the gala, with 2004 Ten Award winner and Cushman & Wakefield President & CEO Bruce Mosler introducing Ms. Fiorina.

Cipriani :: Wall Street
Empire Entertainment - a dynamic, full-service event production ...
Carly Fiorina - Wikipedia, the free encyclopedia
Former Executive Bios: Carleton S. Fiorina
HP Press Release: HP Chairman and CEO Carly Fiorina Steps Down
HP's Carly Fiorina: The Boss
Carly Fiorina forced out at HP - Feb. 10, 2005
Carly Fiorina | Tough Choices
The Rise & Fall Of Carly Fiorina - CBS News
Image results for Liz Claman
Liz Claman - Wikipedia, the free encyclopedia
Rockefeller Group Profile — Bruce Mosler

“This year’s Ten Awards finalists represent a cross section of luminaries who are driving business innovation and notably shaping the New York business environment,” said Robert Johnston, president of the Executive Council of New York. “We are proud to recognize their exceptional contributions and our vision is that by following their example, leadership and inspiration will continue to be the cornerstone of the New York business community.”

The 2006 Ten Awards Finalists include:

CEO of the Year:
James Cayne, Bear Stearns
Andrea Jung, Avon
Jonathan Tisch, Loews Hotels

James Cayne Profile - Forbes.com
James E Cayne, CEO of Bear Stearns Cos (BSC), Earns $26.3 mil
Bear Stearns
FORTUNE 500 2006: Bear Stearns
Bear Stearns - Wikipedia, the free encyclopedia
Avon Investors: Executive Team - Andrea Jung
Andrea Jung 1/3 | Asian American Wonder Women | GoldSea
Andrea Jung - Wikipedia, the free encyclopedia
Profile: Jonathan Tisch - Feature - Tufts University
Jonathan Tisch - Wikipedia, the free encyclopedia

CFO of the Year:
Dinyar Devitre, Altria Group
Wayne Pace, Time Warner
David Turner, Thomson Financial

Altria - About Altria - Our Management - Dinyar S. Devitre
Altria Group - Wikipedia, the free encyclopedia
Time Warner: Wayne H. Pace
Internet Outsider: Another "Doh!" Award: Time Warner's Wayne Pace
Wayne Pace cleared of being 'Sugar Daddy' by ... Time Warner ...
David Turner — Deb Turner : ZoomInfo Business People Information

CIO of the Year:
Jack Nelson, Mount Sinai Medical Center
Susan O’Day, Bristol-Myers Squibb
Steven Peltzman, Museum of Modern Art

Mount Sinai Medical Center in New York City
Bristol-Myers Squibb - Home
Bristol-Myers Squibb - Wikipedia, the free encyclopedia
MoMA | The Museum of Modern Art
Museum of Modern Art - Wikipedia, the free encyclopedia

Marketer of the Year:
John Hayes, American Express
Dave Burwick, Pepsi-Cola
Simon Doonan, Barney’s New York

Experience Manifesto: Amex's John Hayes discusses brand marketing
Conversations with Cause Marketers John Hayes, Chief Marketing ...
USATODAY.com - American Express sticks with tradition of celebrity ...
Pepsi-Cola North America Promotes Cie Nicholson to SVP and Chief ...
Dave Burwick: ZoomInfo Business People Information
Simon Says: Shopping Barneys New York Co-op with Simon Doonan ...
Barnes & Noble.com - Books: Nasty, by Simon Doonan, Hardcover

Dealmaker of the Year:
Philip Falcone, Harbinger Capital Partners
Jonathan Gray, Blackstone Group
Fred Wilson, Union Square Ventures

Harbinger Capital Partners Investment Team of Harbert Management ...
[PDF] MeriStar Hospitality Agrees to be Acquired by The Blackstone Group
WEDDINGS; Mindy Basser, Jonathan D. Gray - New York Times
Jonathan Gray — Katharine Gray : ZoomInfo Business People Information
Union Square Ventures: A New York Venture Capital Fund Focused on ...
John Battelle's Searchblog: Union Square Ventures
Union Square Ventures funds OKcupid ??? « The Paradigm Shift

Innovator of the Year:
Jason Finger, SeamlessWeb
William Glaser, Sony
Tom Sanzone, Credit Suisse

Q&A with Jason Finger, CEO, Seamless Web
SeamlessWeb In The News
Can Glaser and Jobs find harmony? | Newsmakers | CNET News.com
Finextra: Credit Suisse poaches Citi's Tom Sanzone as new CIO
CS - Thomas J. Sanzone
Wall Street & Technology : Credit Suisse Has a Plan to Integrate ...
Thomas Sanzone Profile - Forbes.com

Best Non-Profit:
Michael Drapkin, The Brevard Conference on Music Entrepreneurship
Dr. Deborah Kenny, Village Academies Network
Ami Nahshon, The Abraham Fund Initiatives

Michael Drapkin - Music
Village Academies
The Abraham Fund Initiatives::Press Clips
j. - Ami Nahshon to work on Arab-Jewish coexistence Goodbye to Bay ...

Best Up and Comer:
Jonathan Axelrod, MusicGremlin, age 32
Jared Kushner, New York Observer, age 25
Shoba Purushothaman, The Newsmarket, age 39

Jonathan Axelrod and Robert Khedouri, Co-founders, MusicGremlin
MusicGremlin
Wi-Fi MP3 Player: Music Gremlin at Sanjay’s Blog
Developer’s Son Acquires The New York Observer - New York Times
New York Observer - Gawker
Q&A With New Observer Owner Jared Kushner -- New York Magazine
‘Observer’ Owner Jared Kushner Likes the Mets, Really Likes ...
New York Observer - Wikipedia, the free encyclopedia
Jared Kushner - I Want Media
The NewsMarket: Help Center
Venture Voice: VV Show #29 - Shoba Purushothaman of The NewsMarket
Center for Women and Enterprise - Shoba Purushothaman, The NewsMarket
Honorable Mention: Shoba Purushothaman
Shoba Purushothaman - The Media Center @ API
Odeo: VV Show #29 - Shoba Purushothaman of The NewsMarket
PodcastDirectory | Episode: VV Show #29 - Shoba Purushothaman of ...

Best New Product or Service:
David Rose, Angelsoft LLC
Times Select, The New York Times Company
Are Traasdahl, ThumbPlay

David Rose — Denise Rose : ZoomInfo Business People Information
Angelsoft | Company | Management
The New York Times - Breaking News, World News & Multimedia
Times Select - New York Times
RED HERRING | Mobile Content Startup Gets $10M
Thumbplay Announces $15 Million in New Funding - 2006-10-31 08:26 ...
About Thumbplay - Press Releases
Thumbplay Launches Industry-Leading Ringtone Trend Tracker; Ne-Yo ...

Best Executive Team:
Tim Armstrong, Penry Price and Craig Nevill-Manning, Google NY
Executive Team, 24/7 Real Media
Martha Stewart and Susan Lyne, Martha Stewart Living Omnimedia

What's Next in Paid Search: Google's Tim Armstrong Speaks
Tim Armstrong, Google Inc. VP of Advertising Sales, Named to ...
Google Pretties Up for Madison Avenue
Ad-Sales Vet Penry Price Joins Google
Google Hires Former 'Time' Pres to Woo Mad Ave · MarketingVOX
Google enters the Big Apple
[talks] Craig Nevill-Manning, Google, tomorrow
Craig Nevill-Manning - Wikipedia, the free encyclopedia
Craig Nevill-Manning - University of Waikato
24/7 Real Media
Martha Stewart Living Omnimedia Q3 2006 Earnings Call Transcript ...
Martha Stewart Living Omnimedia - Wikipedia, the free encyclopedia
Martha Stewart Living - Wikipedia, the free encyclopedia
Martha Stewart Living loss narrows as ad revenues spike - MarketWatch
Susan Lyne Named President and CEO of Martha Stewart Living
Entertainment Weekly's EW.com | All About Susan Lyne
BW Online | May 9, 2003 | ABC's Susan Lyne Talks TV Strategy

The Ten Awards finalists were drawn from open nominations submitted to the Executive Council of New York. Hundreds of nominations were screened and evaluated by a panel of judges comprised of prominent journalists from New York-based local and national business media outlets, and evaluated based on the individual’s contributions to his or her organization’s objectives and leadership; the organization’s impact on business innovation, both in New York and nationally; and the individual’s industry leadership beyond his or her organization.

Previous Ten Awards winners have included: Barry Sternlicht, CEO, Starwood Hotels; David Neeleman, CEO, JetBlue Airways; Jim McCann, CEO, 1800Flowers; Donna Iucolano, President, e-Scholastic; Sallie Krawcheck, CEO, Smith Barney (now CFO, Citigroup); Alan Patricof, Chairman, Apax Partners; Gordon Crovitz, President, Dow Jones; Shelby Bonnie, CEO, CNET Networks; Hossein Eslambolchi, President, AT&T Labs; Kumar Mahadeva, CEO, Cognizant; Martin Nisenholtz, CEO, New York Times Digital; Bruce Mosler, CEO, Cushman & Wakefield; Kevin Ryan, CEO, DoubleClick; Adam Moss, Editor in Chief, New York Magazine; Tim and Nina Zagat, Co-chairs, Zagat Survey.

For more information on the Ten Awards and the Executive Council of New York, please visit www.execcouncil.org.

About The Executive Council:
The Executive Council is New York’s premier business forum for senior executives, their advisors and capital markets professionals. Through its member base of 3,500 New York metro business leaders, the organization has built a reputation for highly acclaimed conferences, executive education programs and member-hosted gatherings that focus on critical business and leadership issues at the forefront of corporate America today. The Executive Council Corporate Members range from American Express, IBM and Microsoft to Sprint, Cushman & Wakefield, and McKinsey & Co. as well as many other large and emerging growth companies.

Paramendra,

I will put you on the list to attend the Ten Awards on Monday,
November 6. Below is a media advisory with details. Press release
is attached.

Please let me know if you have any questions. Look forward to
meeting you on Monday.

Best,
Alanna

Alanna Zahn
The Azure Group
560 Broadway
Suite 202
New York, NY 10012
t: 212.219.7735
c: 917.699.6425
e: alanna@theazuregroup.com

On Nov 2, 2006, at 11:58 AM, JB Miller wrote:
>
>
> Begin forwarded message:
>
>> From: Paramendra Kumar Bhagat
>> Date: November 2, 2006 11:39:53 AM EST
>> To: jbmiller@empireentertainment.com
>> Subject: Re: OFFER: The Academy Awards of NY Business
>>
>> SAJA is sending me. Can I please show up to cover the event for my
>> blog? Thanks.
>> http://technbiz.blogspot.com/

Tuesday, September 12, 2006

Early Stage Venture Capital

The term venture capital reminds me of the go go 90s. Detractors kept giving credit to Alan Greenspan and what not, but Bill Clinton was the one steering the ship. His leadership was key to the new horizons you started seeing.

Venture capitalists do it for money. But the very idea reminds me of micro credit. Venture capital is micro credit for the rich. You have no collateral, just the intangibles like maybe an idea, or a basic product, a basic team.

I have looked at some goliath companies like say Microsoft or Dell and wondered why they don't cash out some at their peak and then put that money into venture capital. The ego gets in the way. They think they are going to keep churning out new stuff.

Venture capital is going to India and China. There is hope.

Self interest is a good thing. That Adam Smith invisible hand thing is a point. A lot of people driven by self-interest end up doing public good. The market works great most of the time.

And this thing about going public. Sam Walton one day just showed up at Wall Street. He walked into a firm and asked the receptionist who he should talk to. He wanted to take his company public. He was deep in debt at the time. She lead him to this lone guy from Arkansas who was at the firm.

For every rock star status band, there is one in every town hoping to be one. Hugely successful companies come only a few in a generation. It is hard to figure out which. But then there are numbers involved. Progress can be measured.

On the other hand, money is not enough motivation. Groupthink can set in. Ego can come into play. But if you are a painter, you will paint, no matter what. If you are an entrepreneur, you will jump into the river, no matter what. You will do it. You will seek and find your groove.

In The News

Earlier is Better for Venture Capital BusinessWeek Provenance said that it expects to make 20 to 40 investments ranging from $250,000 to $500,000 per company during the course of the fund. ..... 2006 is shaping up as a very active year for early-stage companies to receive venture capital funding. .... 74 startup and seed companies raised money from venture investors during the second quarter of this year, up from 54 last year. ..... entrepreneurs are willing to get out of their comfort zones and start new projects, and VCs are willing to back great talent ..... Sequeira ... 90% of his investments are in early-stage companies. .... the cost of doing business has decreased significantly. .... funds typically run in 10-year cycles. VCs want to get in on the bottom level, because by the sixth or seventh year a company will have grown to the point where it will be acquired or go public. ..... Right now is the start of a new cycle of funding .... This is a very good time if you are an entrepreneur looking for seed or early seed money
Making India a hub of venture capital CNET News.com, CA Chadha, who left Goldman Sachs in 2000 to form WestBridge ..... an unprecedented explosion of wealth in South Asia. ..... Venture capital investment in India surged 400 percent, to $3.6 billion, during the first half of 2006, compared with the same period last year ..... China outpaced India with $5 billion .... 124 transactions. ..... At least seven U.S. venture firms are raising funds specifically to invest in India. ...... India will emerge as "one of the core venture capital investing hubs in the world." ...... Rupert Murdoch's eVentures India .... Google angel investor Ram Shriram ...... the high quality of the entrepreneurs and the amazing pace of the market ...... a networking group, the U.S.-India Venture Capital Association .... Out of WestBridge's current portfolio of 25 companies, three are in the wireless domain, four are in consumer Internet and three in biotech. ...... Sequoia hopes to combine its experience in helping to turn start-ups into technology powerhouses such as Apple Computer, Oracle and Cisco Systems with WestBridge's knowledge of local market conditions in India.......
Venture capital investing in China doubles in Q2 2006 from Q2 2005 AltAssets 'Information technology remains the beneficiary of the majority of investment activity in China, as it does in the US and Europe, but it is also interesting to see pockets of activity in business and consumer services, healthcare, and even in alternative energy occurring in China.'
India, the Venture Capital & Private Equity Landscape American Venture Magazine, CA Aided by a growing domestic market and a projected 8-plus percent GDP growth rate, India’s stock markets are booming like never before making them one of the highest performing in the world.....
India hot on US venture capital radar Zee News, India over 44 US-based VCs have either raised or are in process of raising between 40 and 400 million dollars for early-stage investments in Indian companies over the next 4-5 years. ..... take the total funds to about 4.4 billion dollars. This amount is equivalent to investment worth 22 billion dollars in the us or Europe on purchasing power parity basis ...... traditionally favourite sectors like IT, BPO, telecom and internet
BusinessWeek.com, 8/3/06, "Before You Accept VC Funding…" Venture capital can be the best thing that ever happened to your company or your worst nightmare. ..... a term sheet—a document that details the amount the VCs want to invest, their conditions and requirements, legal rights, financial terms, and the controls they are seeking. ...... negotiating terms ...... No matter how sure you are that you're asking for enough, make sure more money is available if you need it. The odds are you will. ....... Do you get along? Are they a group of people you would want to deal with on a frequent basis for the next three to five years? ....... you are going to be branded by the VC you choose ..... Ask the VCs these tough questions and check their answers with others .... the VCs have as many warts as you do. ..... Some of the conditions may not seem significant now, but could come back to haunt you later. ...... used-car dealer tactics ....... the highest valuation may not be the best deal. ..... the longer the VCs wait, the more willing you become to accept their onerous terms. The best way to accelerate timetables is to create competition with other firms or via other funding options. ..... The key is to know what you're getting into and have reasonable expectations.
BusinessWeek.com, 8/1/06, "15 Things You Need to Score VC Funding" instead of soliciting venture capital for your new startup, you're better off buying a lottery ticket. You'll save time, money, and spare yourself a lot of heartache. But when you've reached the stage in your business where you have a product that customers love, a business model that works, and a strong management team, everything changes. ...... Their due-diligence process often takes months and is extremely rigorous. Most companies don't make it through. To prepare, you should look at your company the way they will. ......
BusinessWeek.com, 7/17/06, "Venture Capital: The Good, Bad, and Ugly" There often comes a time in the life of a startup when the founder must decide if it's better to own a small piece of a big pie. ..... there are many strings attached to this money—it's practically like getting married. ..... there are many strings attached to this money—it's practically like getting married. ...... It's always about who you know. ..... How can you tell if the VP of sales is more adept at selling himself than your product? ....... Good venture capitalists will support you when things get tough. ..... Venture capitalists are in it just for the money. Most are not out to do good for the world. ..... In their world, the need to create high shareholder returns always triumphs over personal relationships. ....... You could find yourself reporting to a new CEO, or be ousted from the company you founded. ..... They will have the right to sue you for all you own if you forgot to give them any bad news..... differences in opinion usually emerge and personal interests often come into play. It can be a full-time job for a CEO to manage VCs...... Disagreements about strategy often arise between the entrepreneur who is on a mission to change the world, and the venture capitalist who can do no wrong. Like entrepreneurs, VCs aren't created equal and they often know less than the entrepreneur about the product, customer needs, and market opportunity. ....... Your choice is to finance your startup yourself and stay small, or take the risk and raise venture capital. Just be aware that in this marriage, there is no divorce.

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