NEW YORK, April 21 /PRNewswire/ -- The New York New Media Association
(NYNMA) will once again host Venture Downtown '99, a showcase of the most
promising New York new media and technology companies. At this full-day
venture capital conference on May 11, 26 media entrepreneurs from the
metropolitan New York area will present their firms to leading venture
capitalists, investment bankers and corporate partners from the East and West
coasts. Angel investors will also see a track of early-stage companies.
According to Brian Horey, board member of NYNMA, "Roughly $1 billion has
been invested in New York area digital companies in approximately the past
three years, and the current market value of New York-area new media companies
that have gone public in the same period is roughly $15 billion." With 26
new media and technology companies presenting, and some 300 investors already
pre-registered, Venture Downtown '99 is set to be the breeding ground for New
York new media's "next big thing."
"Venture Downtown '99 brings together investors with new media and
technology companies that have shown great potential," said Alice Rodd
O'Rourke, executive director of NYNMA. "With so many of our previous
presenting companies having raised significant venture capital funding and
then going public, Venture Downtown could be the launching pad for next year's
big IPOs."
Previous Venture Downtown conferences have featured Silicon Alley success
stories that have filed for an IPO, gone public or been acquired in the past
year. These include iVillage, Agency.com, MiningCo.com, EarthWeb, Medscape,
SiteSpecific, Yoyodyne and theglobe.com.
Presenting companies at Venture Downtown '99 include: 1ClickCharge,
BATNET, Big Star, BranchOut.com, Community Connect, DesignerOutlet.com,
Eclipse Trading, ExpertEase, Flooz.com, Horizon Live Distance Learning,
HotJobs.com, Ingredients.com, Intelisys, IntraLinks, Kozmo.com, Nerve.com,
PassLogix, Platform Network, Register.com, Solbright, Soliloquy, Tempest
Software, TheKnot.com, V-Brick, Virtual Growth, and Zero-G Commerce.
Venture capitalists and other investors attending include members of the
Selection Committee, chaired by Francine Sommer, Oculus Media, and Alessandro
Piol, INVESCO Private Capital. Others on the committee include Fred Wilson,
Flatiron Partners; Bob Greene, Chase Capital Partners; Cliff Friedman,
Constellation Ventures; Graham Anderson, Euclid Partners; Tom Hirschfeld,
Patricof; John Hall, JP Morgan; Bob Fish, PricewaterhouseCoopers; Jeanne
Sullivan and Laura Sachar, StarVest Management; Alain Bankier, Banexi; Brian
Horey, Tontine Associates; Randy Maslow, Electric Ventures; Kathryn Wylde, NYC
Investment Fund; Kevin Nee, INVESCO Private Capital; Dan Englander, Allen &
Co.; Beth Polish, ChangeYourLife.com; Arthur Chang, hooloo.com.
Venture capitalists from the West Coast and Boston include Ann Winblad,
Hummer Winblad; Art Marks, New Enterprise Associates; Doug Alexander, Internet
Capital Group; Charley Lax, SOFTBANK Technology Ventures; and Bob Migliorino,
Canaan Partners. Attorneys include committee member Joe Bartlett, Morrison &
Foerster and John Sullivan, Venable. Recruiters include John Hagan, Ramsey
Beirne Associates, and Greg Slamowitz, Ambrose Employer Group. Other
investors represented are: Bertelsmann Ventures; Sports Capital Partners;
Lucent Technologies; Venture Capital Online; and Hudson Venture Partners.
Keynote speakers will be Guy Kawasaki, CEO, garage.com, and Michael J.
Wolf, Author, "The Entertainment Economy: How Mega Media Forces Are
Transforming Our Lives."
Venture Downtown '99 is sponsored by: Empire State Development; Greenberg
Traurig; The Chase Manhattan Bank; Chase Capital Partners;
PricewaterhouseCoopers LLP; Microsoft Corporation; Fleet Bank; Howard, Smith &
Levin LLP; Interactive Futures; KPMG International; Lehman Brothers; Lucent
Technologies; Orrick, Herrington & Sutcliffe LLP; Redwood Partners; Salomon
Smith Barney; Ziff-Davis, Inc.; Brobeck, Phleger & Harrison LLP; Exodus
Communications; Frankfurt, Garbus, Klein & Selz, PC.; Morrison & Foerster LLP;
and Rosenman & Colin LLP.
Media sponsors and industry partners include @NY, AlleyCat News, CNNfn,
Crain's New York Business, New York InfoTech Forum (an affiliate of New York
Venture Group), PC Expo, PRNewswire, The Corporate Lawyering Conference,
Silicon Alley Reporter, Technology Business and Upside Media.
Register now for Venture Downtown '99: before April 26, $495.00 (NYNMA
members), $595.00 (for non-members); after April 26, $550.00 (NYNMA members),
$650.00 (for non-members) (non-member registration includes a one-year NYNMA
membership).
Additional information on Venture Downtown '99 is available on the event's
web site at http://www.venturedowntown.org. For information, contact Ellen Auwarter,
Venture Downtown '99, ellen@nynma.org, 212.785.7898 ext. 26.
NYNMA is a not-for-profit organization founded in 1994 to support and
promote the new media industry in New York. Since then our membership has
soared to more than 3,700 individuals representing over 1,700 companies.
NYNMA members exemplify all the talent, resources and energy to be found in
the new media industry. They work in such diverse fields as broadcasting and
publishing, web site development, design, entertainment, education, and
professional and financial services. They run one person shops, are employed
in small agencies and head divisions of some of the world's largest companies.
Through its 1996 and 1997 surveys with PricewaterhouseCoopers, NYNMA has shown
Silicon Alley to be a leading force in this emerging industry.
SOURCE New York New Media Association
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Related links:
http://www.prnewswire.com
http://www.venturedowntown.org
CONTACT:
Ellen Auwarter of New York New Media
Association, 212-785-7898, ext. 26, ellen@nynma.org; or Renee
Edelman, 212-352-3430, renee_edelman@pr21.com, or Anthony Loredo,
212-352-3409, anthony_loredo@pr21.com, both of PR 21, for New
York New Media Association
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