Silicon Forest Forum Dave Chen chenovp.com OVP Venture Partners

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Silicon Forest ForumDave Chen chen_at_ovp.comOVP
Venture Partners

• It was the best of times )
• Its been the worst of times (
• When do we get to normal times 0

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OVP

• Hands-on, early-stage technology investors
  targeting the Pacific Northwest
• In three primary technology spaces
  In market-defining businesses
  with impact Behind people who can
  grow major enterprises
• Leveraging our leadership position to see the
  best deals, add the most value, and build
  sustainable companies
• Top tier results

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Company Building Always Pays
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Commitment to the Pacific Northwest
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Company-building Means Leading Partnering
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Three Primary Sectors
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What Grows Here (PDX) ?

• EDA and Semiconductor
• Display Technologies
• Security Technologies
• Encryption, network security, digital rights
• Network management and web infrastructure
• Managing scale, mobility, and access
• Hoping for equipment (intels influence not yet
  felt)
• Business Application Software and Services
• Life Sciences, BioTech, and Healthcare IT
• MEMs and Nano????

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What Are We Looking For ?

• High tides lift all boats ? underlying growth
  HOT SPACE
• Domain-ness in the team
• Contrasting Portland teams with Seattle and
  Valley teams
• Best athlete vs been there done that
• Fit and chemistry
• Gray hairs
• Core Technology (were back)
• A starting point ? Fat body with pointy nose
• Biz Dev and Sales DNA
• Alliances eco-systems as a core competency

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Hot Spacesan opinion

• IM is more than teenagers chatting ? platform for
  real time communications and collaband its a
  phone
• LAN WAN interface moving again
• SIP and other 3 letter mega trends ? gateways
  intelligence at the edge
• 802.11 ethernet everywhere (we dont want
  wires)
• 3G WAN to LAN mobility and transparency
• Mobility
• Its an analog world
• From form fill to intelligence to ACTIONS ? biz
  analytics

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Investments in last 6 months
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normal times, again...

• Hard work, real technology, revenues, time
• Series A - valuations are back in single digits
• Active investor/builder/partner not spectator
• OVP strategy of building major enterprises is
  well suited to these times
• Lots of good deals
• OVP in the next 3 years Series A focus, lead,
  expect 15 to 20 companies, 2-6M in the first
  round, and 8M to 12M total over life of the
  deal