MIT Venture Capital Conference to introduce new VC Deal Screening, Entrepreneurship Pitch Workshop, and IdeaStorm

America Online co-founder to serve as keynote; free Entrepreneur Showcase to spotlight more than 30 early stage startups

CAMBRIDGE, Mass., November 8, 2010 — On Friday, November 19, venture capitalists, entrepreneurs, industry leaders, academics, and students from top-tier colleges will come together for the 13th Annual MIT Venture Capital Conference to be held at the Charles Hotel in Cambridge, MA from 8am to 7pm. This year’s theme, “Here&Now: The Present of Venture Capital and Entrepreneurship,” will highlight current opportunities and challenges in venture capital investing.

An MIT Entrepreneurship Showcase will precede the conference on Thursday, November 18 by casting a spotlight on more than 30 early-stage technology startups chosen from nearly one hundred applications based on their innovations and potential business impact. There is no charge to attend the Showcase, which will be held in the lobby of the new MIT Sloan campus building E62, from 3pm-7pm. Last year’s Showcase attracted more than 350 attendees.

A “fireside chat” between Steve Case, CEO of Revolution and co-founder of America Online, and Bill Aulet, managing director of the MIT Entrepreneurship Center and a senior lecturer at MIT Sloan, will kick off the morning of the full-day conference. Case launched Revolution in 2005, which focuses time and capital on growth equity opportunities, while also placing bets on earlier stage companies, and complementing that with a diversified investment approach to real estate and hospitality.

Brian McAndrews, managing director of Madrona Venture Group, will serve as the afternoon key note speaker. McAndrews had served as CEO of aQuantive Inc., one of the fastest-growing global digital marketing companies in the world, from 1999 to 2007. In August 2007, Microsoft acquired aQuantive for $6 billion.

Panel discussions will tackle such topics as the impending revolution in location-based mobile applications and services; early-stage life science investments; social venture capital’s scale, expansion, and exit; energy; emerging markets, Internet expansion; and new investment models.

New this year are the VC Deal Screening and Entrepreneurship Pitch Workshops. The Deal Screening offers the first strong interaction of the day between venture capitalists and entrepreneurs. Moderated by a senior VC partner, a panel of venture capitalists will analyze the pitches of the Startup Showcase winners and offer advice on how to make each pitch more attractive to potential funders. Open to all conference attendees, the panel will illustrate how a venture capitalist analyzes a potential investment, emphasizing the key points they are looking for and how to identify and correct common mistakes.

The Entrepreneurship Pitch Workshop (EPW) offers entrepreneurs the opportunity to get useful and practical advice on how to best pitch their idea or business from seasoned sales professionals and venture capitalists who have heard thousands of pitches over the course of their career. Real, on-the-spot pitches are encouraged, with live feedback from the panel and the audience to follow.

Also making its debut—and wrapping up the day—is IdeaStorm. Based on a format created by MIT Sloan Entrepreneurship Club in 2009, Ideastorm will introduce a “Founder’s Dilemma” currently faced by entrepreneurs from the showcase to the audience broken out in small groups , followed by new business ideas generation, and a final vote on the best—and worst—idea.

To register and secure a full agenda and directions, please visit: www.mitvcconference.com

For Media Inquiries

Paul Denning
Director of Media Relations
Tel: 617-253-0576
Fax: 617-253-5875
E-mail: denning@mit.edu

Patricia Favreau
Associate Director of Media Relations
Tel: 617-253-3492
Fax: 617-253-5875
E-mail: pfavreau@mit.edu