Tech Talk Tuesday: Capital Markets Update


Bay Colony Corporate Center, North Entrance
1000 Winter Street - Suite 4000
Waltham, MA 02451

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June 7, 2011 7:30AM–9:30AM


There are strong signs that the economic doldrums of the past few years are behind us. M&A activity has rebounded. The IPO window has opened. Venture capital and private equity funds are making new investments. But is this recovery just an illusion, a temporary uptick before things again head south?

In this T3 session, a panel of seasoned investment professionals and entrepreneurs will share their thoughts on 2010 and the prospects for 2011. 

Discussion will focus on topics such as the following:

M&A Activity

  • How did the M&A market perform in 2010 and Q1 2011? What can be expected for the balance of 2011 and 2012?
  • Have any industry sectors performed particularly well or particularly poorly? Are the prospects for any any sectors particularly strong or particularly weak?
  • Are both strategic and financial buyers back in the game?
  • What types of financing are available to fund acquisitions by financial buyers? What are the trends in required debt-equity ratios?
  • Have there been any noticeable shifts in non-financial deal terms?

IPO Activity

  • Is the IPO window really open? If so, for whom, and for how long?
  • Will there be a strong aftermarket for new issuances?

Venture Capital and Private Equity

  • Which types of funds have been able to raise capital?
  • Which industry sectors have been in favor and which have been out?
  • What have been the relative percentages of early stage versus later stage deals?
  • Are valuations headed up? Are some sectors again overheating?
  • Looking through the rearview mirror, what lessons can be learned from 2008 -- 2010?
  • How will fundraising and exit strategies change in 2011?
  • How have financing terms changed in 2009? What can we expect to see in term sheets in 2010?


  • Ben Howe, Co-Founder and CEO, America's Growth Capital 
  • Ben Nye, Managing Director, Bain Capital Ventures 
  • Dave Parkinson, Executive Vice President, Americas, Trustwave and former CEO, Vericept