CORPORATE VENTURING & STRATEGIC INVESTING
Newly Revised (1/25/05)
Heavy Lifting - Venture Assessment Tools
Applied to Early-Stage DOD (USAF) Technology Investments
Across a Complex, Distributed Enterprise.
Feb. 2, 2005. 2pm - 5pm
The Lodge at Rancho Mirage, Palm Springs, CA
Part 1: Partnering with DOD Technology Investors
The United States Air Force is arguably the world's largest single technology investor, investing $3.2 billion each year in over 2000 projects.
The USAF is faced with the daunting task of managing a huge portfolio of technology investments.
It recently conducted a study to explore the feasibility of establishing a more traditional venture investment fund model, similar to the CIA's In-Q-Tel.
Part 1 of this workshop will present the findings of a recent study explored various DOD venture investment business models and how early-stage technology
development is done. It will also place into context the magnitude of the challenge when managing a portfolio of high value, early stage projects in a
distributed enterprise environment. Corporate investors may wish to consider partnering with the USAF in order to access it's portfolio of cutting edge
technology and investment capital.
Part 2: Venture Assessment Tools - Live Exercises
- Bernard M. Chachula, Colonel (USAF, Ret.) and Attorney
VenLogic will present its venture assessment tools and equity marketing framework that can be used to facilitate portfolio management communications in complex environments.
The DOD faces challenges similar to corporate venture investors who manage a number of technology investments, with team members in a distributed enterprise.
VenLogic led a recent DOD case study of a high value early-stage technology project with an integrated product team distributed in multiple states.
The DOD portfolio manager's challenge is to quickly and accurately assess the situation, report the status, and recommend solutions in an environment with multiple cultures, various degrees of business acumen, and unrelated management structures.
VenLogic will introduce a framework that allows a) consistent tracking of best practices, b) a means to rapidly and consistently communicate
(as mandated by regulatory requirements) critical project status across a portfolio, c) establish a common investor language that connects between DOD and strategic industry partners in the commercial world,
d) therefore, allowing management a means to optimize allocation of limited resources, and e) gain the added benefit of accelerated executive MBA training among technical teams.
VenLogic will demonstrate this framework on a live case. An early-stage company based in Seattle, Russia Jet Direct, is a charter airline business seeking $5M in capital to serve the needs of the energy industry between the US and Russia.
The CEO of this company will briefly present their business case. VenLogic will introduce venture assessment exercises and tools, also used in the DOD case study above, to allowing participants the benefit of assessing this case for themselves.
The workshop participants will be asked to use whiteboards in teams and perform exercises guided by the facilitator.
This workshop will close with a goal of getting the entire room to a common viewpoint of the case, enabling everyone to leave the program with a common language for communicating deal issues in a distributed enterprise environment.
- Robert Kruse, Managing Partner, VenLogic LLC
You will get:
Conference Sponsors Include:
- Cross-functional input from venture investor peer group discussion.
- Live Feedback on a project´s strengths and weaknesses
- Venture Assessment Tools Introduction
- 16-Point Venture Diagnostic Introduction
- Business model diagram tool
- Receive DOD VC Industry Report "Evaluate Initiation of an Air Force Venture
Capital Fund", by Bernard M. Chachula. Published by Wright Brothers Institute.
May, 2004. 88 pages.
VenLogic values this hard to find report at $1000 - FREE to attendees
National Venture Capital Association (NVCA)
European Venture Capital Association (EVCA)
Canadian Venture Capital Association (CVCA)
Association for Corporate Growth (ACG)
Association of Strategic Alliance Professionals
Thompson Venture Economics
W Capital Partners
Adams Capital Management
Plus many more