Laura S. Hill, Vice President-Human Capital, MobileSpring, Inc.
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Transcript of Laura S. Hill, Vice President-Human Capital, MobileSpring, Inc.
Hot Careers in the New Economy
Presentation to the FEINovember 7, 2000
By:Laura Hill
VP Human CapitalMobileSpring, Inc
Topics to be covered:
• 1999 vs. 2000
• Current industry trends: what’s HOT
• The Life-cycle of a start-up
• Career Opportunities in the new economy
• Career positioning and skills development for the 21st century
• Q & A
1999
• Plenty of Venture Capital money for e-commerce and dot-coms
• Business-to-consumer was starting to be out of favor
• Strong IPO market for Internet companies
• Business-to-business was HOT
The New Millennium Hangover
• The April Meltdown
• Black September for Dot-coms
• Technology stocks tumble
• Wall Street looks for profits
• The long-expected consolidation begins
What’s HOT / GROWTH Areas
• Wireless and Mobile Internet
• Infrastructure• Enabling Technologies
Wireless
1. Location-based commerce2. Mobile commerce (m-commerce)3. Communication (messaging)
• Over $1 billion venture dollars invested in wireless services companies this year (source: VentureOne)
• Categories:
• Friends & Family
• Angel Investors
• Incubators
• Venture Capital
• Strategic / Corporate Investors
• Venture Capital
• Investment Banking firms
• Strategic / Corporate Investors
IDEA
GEN
ER
ATIO
N
IPO
/ A
CQ
UIS
ITIO
N
Life-cycle of a start-up company
SEED STAGE 1ST & 2ND ROUND
MEZZANINE
Up to $5M $5M - $10M per Investor
$5M to $50M+
The Key Players
• Incubators
• Venture Capital Firms
• Strategic / Corporate Investors
Incubators
1. Legal2. Financial/accounting3. Marketing4. Technology5. Web design6. Human resources/recruiting7. Office space
• Early ones tied to Universities & economic development groups
• Provide services for equity and/or cash:
EXAMPLES:
idealab!Garage.comIron Street LabsLaunchCenter39Rare MediumVillage VenturesMobileSpring
Venture Capital Firms
• Investment minimum typically $5M
EXAMPLES: Hummer Winblad, Kleiner Perkins Caulfield & Byers Draper Fisher Jurvetson, Oak Investments, General Atlantic Partners
• Structured as private limited partnerships
• Introduction to Wall Street for mezzanine and IPO funding
Strategic / Corporate Investors
• Intel• Cisco• Primedia• Sony• Microsoft
Career Opportunities in the New Economy
• What are the jobs?• What are the jobs like?• How to find these jobs.• How to position & prepare yourself.• How to evaluate a start-up.• CFOs in the news.• Pros and Cons of a career in the New
Economy.
What are the jobs?
• CFO / VP Finance• Controller• Corporate Development /
Mergers & Acquisitions
What are the jobs like?
• Intense, Stimulating and Challenging• Broad and Vertical• Chaos / No Script / Uncertainty• Unisex restrooms, pony-tails, tattoos,
dogs, and massages on Fridays
How do you find them?
• Search firms
• Internet
• Consulting and Part-time gigs
• Networking at venture groups, trade associations, etc.
• Read the trades: Red Herring, Industry Standard, Fast Company, Venture Wire
How to position & prepare yourself
• IPO / SEC / Investor Relations
• Industry hooks
• Strategy, marketing, e-commerce, technology
• Learn to interview in sound bites
How to evaluate a start-up
• Investigate / evaluate as you would an investment
• Business model
• Competitive position
• Quality of management team
• Quality and commitment of investors
CFOs in the News
Craig MonaghanAutoNation, Inc
Heidi MillerPriceline.com
George ShaheenWebvan.com
Pros and Cons
Stability
The OddsYour family
Preparedness for the future and anything else
“The road to success
is alwaysunder
construction”