While I have to say the timing of this event is a little strange, EDAC is holding the first in a series of conversations exploring concepts and best practices for emerging companies. The first conversation will outline the critical milestones which must be conquered to take a start-up from early stages to a strong, growing, sustainable business. The timing is strange because it is just before DAC, but just far enough away from it, that only local people are likely to be able to attend. It is to be held May 31st with a reception at 6pm and the presentation at 7pm. It will be at the Silicon Valley Bank (3005 Tasman Drive) Santa Clara.
The session is to be moderated by Jim Hogan with guests Dean Drako, President and CEO, IC Manage and Ravi Subramanian, President and CEO, Berkeley Design Automation.
There are several distinct phases as companies evolve and adapt to the changing business climate. First, a start-up must surpass the typical $3M in annual revenues where many companies stall. This is followed by: generating the revenue to expense ratio necessary to achieve a sustainable, break-even cash flow; building the channel to grow through the $10M and $20M milestones required to become an attractive acquisition target; and reaching the $40-50M mark typically associated with an IPO. The game doesn’t end there, as both public and private companies can set their sights on reaching $100M and even $1 Billion in revenue.
Business environment changes create chaos, and with that chaos comes opportunities. Companies must be able to transform themselves at each of these distinct phases to be successful. Not every company can do it. Not every team can make it.
The three participants in this conversation have had serial success with navigating companies through concept to successful liquidity events.
The content is geared to founders and executives of both software and semiconductor companies, as well as others interested in getting a birds-eye view of what companies face as they various stages of success.
Everyone is welcome, but seating is limited so register early if you intend to go.
Brian Bailey – keeping you covered
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