2. Internationales Venture Capital Forum in Istanbul am 17.04.09

GoldenHorn

Golden Horn Ventures lädt alle Startups, Gründer, Business Angels, Investoren ein zum 2. Internationalen Forum für Venture Capital.

Event: The Second Annual International Venture Capital in Emerging Markets Conference

Date: Friday, April 17, 2009 from 9:00 AM – 8:00 PM (GMT+0200)

Location:
Feriye Lokantası (Hamdi Saver Salonu)
Ortaköy, Istanbul
Turkey

Anmeldung unter http://goldenhornventures.eventbrite.com/

Background and Outline

Last year, in introducing the first “Venture Capital in Emerging Markets Conference”, we had said:

 “…And yet, the conditions under which the VC “industry” emerged and developed in US and Europe were different in some fundamental ways from the world of today and tomorrow. …. Not only are the competitive conditions and elements of success vastly different but finance is no longer the essential “rare” input. In Emerging Markets, there is, in most cases, a mis-match between available intellectual capital, creativity, and innovation and vision combined with the requisite managerial competence for success in this new world. The financial resources needed to create and grow more successful businesses are not that difficult to come by. Surely, emerging markets need more by way of early stage funds, but what is critical is the management experience and expertise to make optimal use of the ideas in the emerging competitive conditions. …..

These considerations therefore call into question the appropriateness of replicating the established Venture Capital and Private Investor (“Business Angel”) models of the USA and Western Europe in the emerging markets. This, therefore, seems an excellent moment in time to bring together an international group of business and investor practitioners – some “old hands” at business creation and financing, others, enthusiastic to learn and participate, and to develop a clearer understanding of what is going on in emerging markets, what best practices can be adopted and how knowledge and expertise can be transferred with the support of public and private interests, institutions and businesses, to oil the wheels and enable more effective progress for the good of all.

We still firmly believe that venturing is not about financing but about ideas and consequently that, in order to create the highest value for all concerned, the organizing principle should be the efficient use of ideas.  This has significant implications, which were discussed during last years’ conference.

Having said that….

recent developments in financial markets would surely lead any reasonable person to reconsider their previously held ideas.  Is it not the case that a collapse of the international banking system at the end of 2008 required massive government intervention to begin redressing the situation?  Was there not a credit crunch so that even the most prestigious of banks could not find the liquidity to run their operations?  Would this not imply that liquidity is going to become scarce in general, and in particular in emerging markets, and that, once again, ‘financing’ is going to be the essential rare input?

Maybe…  but this requires careful analysis and this is what we propose to do in the second annual International Venture Capital in Emerging Markets Conference.

How did a relatively obscure change in banking regulations in the United States in the mid 90’s lead to the collapse of the banking system there? Does the ‘collapse’ of the banking system go much beyond the US and EU?  Where are the ‘sources of funds’ worldwide?  What will be the impact of the trillions of dollars and Euros involved in the rescue operations?  What can be expected of developments in the ‘real’ markets?

These questions require looking in to in order to get an appreciation of what has been going on in the ‘macro’ sense but there is also the need to understand some ‘micro’ aspects as well.  Indeed, understanding the effects of the current crisis in the financial markets on the Private Equity and Venture Capital markets is not as straightforward as intuition might lead one to believe.

We have seen that the sustainability of cash flow of early stage companies and the limitation of exit opportunities for companies are questions that many are discussing nowadays. However, we regard these changes as opportunities for many and especially for emerging country entrepreneurs and Venture Capitalists. These problems have been the ones that we have been facing in our markets as we have been investing and growing.

Golden Horn Ventures, the first early stage fund in Turkey and one of the first of its kind in the region has invested in an impressive portfolio and continues to do so. The initiative to hold this second international event for participants from emerging markets and others from established investment areas, seemed to emerge itself naturally in this location. Golden Horn Ventures is therefore delighted, as Host, to invite delegates to attend this event.

 

Who Should Attend?

• Entrepreneurs with a serious interest in early stage business and entrepreneurial finance in emerging markets 

• National and International Investors and those advising investors in larger funds on capital allocations 

• Banking Leaders 

• Executives of Multinational Corporations with strategic decision responsibility for the development of Emerging Markets 

• Leaders of Institutions, such as Universities and Business Schools with special interests in business creation, technology transfer and entrepreneurial finance 

• Those in Government and key regional development agencies concerned with economic development and business and job creation

Registration Information

Please register the event through the Registration Page.

 

 

The Agenda: 17 April

9:00 – 10:00 Registration and Coffee

10:00 – 10:30 Welcome and Introductory talk

10:30 – 11:30 The Financial Crisis and Venture Capital in Emerging Markets

11:30 – 12:00 Networking Time and Break

12:00 – 13:00 The Impact of the Social Economic Structure of an Emerging Country on Venture Capital in the Example of Turkey

13:00 – 14:30 Lunch

14:30 – 15:30 The Financial Crisis and Opportunities and The Exit Structures in Emerging Markets 

15:30 – 16:30 Next Hot Spots: Green Energy

15:30 – 17:00 Networking Time and Break

17:00 – 18:00 A Time for Startup Depression: The Ten Deadly Problems a Company Faces in an Emerging Market how to Overcome them

18:00 – …. Networking Time

The Second Annual International Venture Capital in Emerging Markets Conference, 17 April 2009, Istanbul, Turkey

This year, as last year, we are putting together the Second Annual International Venture Capital in Emerging Markets Conference on 17 April, 2009 in Istanbul.

We are very excited about the event. Especially, in a time like this, it will be very important to discuss the opportunities that the crisis brings to the Venture Capital world, especially to the emerging markets as well as the new dynamics.

We are very thankful to the speakers of this year such as Ohad Firkelstein from Venrock, Umair Haque from Harvard Business and Bubble Generation, Mauro Mariani from Mangrove Capital and Tim Draper from DFJ.  We are still adding to the speaker list as we speak.

You can read about the details and the agenda of this event and register to the event on the conference page.

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