 |
 |
 |
 |
 |
 |
 |
 |
PAST BROADCAST
The MIT Enterprise Forum, Inc., the parent organization, hosts three Satellite Broadcasts per year. These broadcasts feature presentations on technical entrepreneurship from members of the MIT community and other leaders involved in building technology-oriented companies. These programs are downlinked by Forum Chapters, Regional MIT Alumni/ae Clubs, and Sloan Clubs across the country and overseas.
Title: "NO MONEY DOWN: RAISING CAPITAL FROM UNCONVENTIONAL SOURCES"
Date: Thursday, September 18, 2003Entrepreneurs explain the lean & mean approach to financing
See the presentation slides for Vic Petri, Jake Karrfalt, Bernd Schoner & Pam Lipson
Victor Petri, Moderator
Partner
PricewaterhouseCoopers LLPPamela Lipson
President and CEO
Imagen, Inc.
Jake Karrfalt
President and CEO
Alternative System Concepts (ASC)Bernd Schoner
Managing Partner
ThingMagic LLCCAMBRIDGE, MA – The MIT Enterprise Forum presents No Money Down: Raising Capital From Unconventional Sources, the next program in the Enterprise Forum’s ongoing Satellite Broadcast Series. Scheduled to take place on Thursday, September 18, 2003 at 7:00 p.m. from MIT’s Kresge Auditorium, the broadcast will provide attendees with the lean and mean approach to financing companies without the help of venture capital or angel investors.
Edmund M. Dunn, CEO of the MIT Enterprise Forum, Inc. says, “Having a difficult time getting venture capital does not mean you don’t have other prospects. Beyond angel investors, there are other methods, including Small Business Innovation Research [SBIR] grants, using consulting as a springboard to developing a company with actual products, and a variety of means of customer financing. The Enterprise Forum has put together a panel that will speak to their real-world experiences of using these methods to build successful companies.”
Moderating the broadcast is Vic Petri, Global Leader of the Software and Internet Sector for Pricewaterhouse Coopers. He is joined by a panel composed of Jake Karrfalt, President and CEO of Alternative System Concepts; Pamela Lipson, CEO and President, Imagen, Inc.; and Bernd Schoner, Managing Partner of ThingMagic, LLC.
The program starts at 7:00 p.m. sharp (registration from 6:00 p.m.) at MIT’s Kresge Auditorium. Admission: members $20 in advance, $25 on site; non-members $25 in advance, $30 on site; students free with valid ID. For information, call 617-253-0015. Register online at http://web.mit.edu/entforum/SBSnext.html. Registration opens on Wednesday, August 6.
Biographies of the Moderator and Panelists:
Victor Petri
Vic Petri is the Global Leader of the Software and Internet Sector for Pricewaterhouse Coopers. Petri is also a Business Assurance Partner within the firm’s Technology Group, dealing with everything from start-ups to multinational companies, including closely and publicly held, high-growth companies.
Petri has been involved in numerous mergers and acquisitions and initial public offerings, working with clients such as Akamai Technologies, The Learning Company, Brix Networks, Cambridge Technology Partners, Achievement Technology, HarvardNet, eRoom, Sitara Networks, Boston Technology, Individual, CCBN, Applix, Silknet, Tripod, and FairMarket.
Petri received a Master of Science in Accounting and a Bachelor of Science in Economics from the State University of New York at Albany. He is a Board member of The Massachusetts Interactive Multimedia Council (MIMC) and the Boston Chapter of the March of Dimes. He is also a member of the American Institute and Massachusetts Society of Certified Public Accountants.
Jake Karrfalt
Jake Karrfalt is President and CEO of Alternative System Concepts (ASC), a developer of effective system design tools and technologies. Karrfalt founded ASC in 1990 to develop easy-to-use electronic design automation (EDA) tools to support industry standards in the widest range of semiconductor design environments.
The notion to start ASC came to him after working for many years in industry for companies like Sanders Associates and Lockheed, as Karrfalt was constantly looking for ways to automate system level design to make engineers more productive. He has written many SBIR proposals that led to contracts to develop new EDA tools. The most promising of the resulting research prototypes have been turned into successful commercial products - with no additional investment capital.
Karrfalt holds a Bachelor of Science in Electrical Engineering from MIT and an Master of Science in Electrical Engineering from the University of Massachusetts, Lowell. He is a Senior Member of IEEE, a member of the Association for Computing Machinery and has published several articles on standards and new design methodologies.
Pamela Lipson
Pamela Lipson is CEO and President of Imagen Incorporated, a maker of computer vision software packages that allow computers to recognize objects and perform some of the same analytical object validation assessments that human vision systems do naturally. Imagen's product concept was borne out of work done by Lipson and several colleagues at MIT’s Artificial Intelligence Laboratory, and the company was launched after winning the MIT $50K competition in 1997.
Imagen has been working with Teradyne, the world's largest supplier of Automatic Test Equipment, to embed the Imagen technology in a family of machine vision systems to inspect assembled printed circuit boards. One key target market for the systems are leading edge personal electronic modules - smart phones, handheld computers and hand held game consoles - which consume large amounts of components nearly invisible to the naked eye.
Recently, Lipson developed a technology for encoding alphanumeric and graphical information with high density on crystalline substrates. This technology was demonstrated by writing the entire text of the King James version of the New Testament of the bible on a crystal just 5mm by 5mm, landing Lipson in the latest edition of the Guinness Book of World Records.
Lipson received her BA from Harvard University and an MS and PhD from the MIT Artificial Intelligence Laboratory. She has been recognized by the MIT Technology Review and the World Economic Forum as a top young innovator and technology pioneer.Bernd Schoner
Bernd Schoner is Managing Partner of ThingMagic LLC, a Cambridge, MA-based research and development firm. Since co-founding ThingMagic in 2000, Schoner has co-lead and managed the firm from a general engineering consulting firm to an established development and IP house focusing on Radio Frequency Identification (RFID) technology and embedded computing. ThingMagic has become a leader in RFID reader design offering some of the most innovative and forward-looking devices in the emerging RFID industry.
Prior to working for ThingMagic, Bernd helped companies such as Hewlett-Packard, Agilent, and Mastercard with problems involving time series prediction, nonlinear detection and estimation, stochastic processes, machine learning, audio processing, and neural networks. His research has led to devices and software applications as unusual as the Marching Cello, a wearable instrument providing the functionality of a cello, and a giant polyphonic floorboard for the performance troupe, the Flying Karamazov Brothers.
Schoner holds a Diplom-Ingenieur in Electrical Engineering from Rheinisch-Westphaelische Technische Hochschule in Aachen, Germany, where he graduated as valedictorian of his class in 1996, and an Ingenieur des Arts et Metiers in Industrial Engineering from Ecole Centrale de Paris, France. He received his Ph.D. from the MIT Media Laboratory in 2000. His research has earned him a number of awards, including the Henry-Ford-II Prize, Cologne 1997, and the Otto-Junker Prize, Aachen 1997.
FOR MORE INFORMATION OR TO VIEW THE DOWNLINK SITES
