Thursday, February 10 10:45 AM - Noon Session B: VC and Investment in the Entertainment & Technology Space: Games, Wireless & Broadband The VC and Investment community has always led the way in recognizing the newest opportunities in the technology and entertainment space. There are even signs of post-bubble investment and an IPO reversal on the horizon. VC funds are always available for the right idea and in this session, we will focus on the four sectors leading the entertainment and technology space today, broadband, wireless, the DTV/SVOD content and the digital home and technology and games opportunities. Broadband has been the Holy Grail for the entertainment industry for years, but what it represents today, is the reality of locking in millions of users. Wireless represents the explosive technology of the moment, DTV/SVOD represents the next explosive area of growth in the entertainment business - bringing new content to millions of consumers and games represent the next threshold of entertainment. David O. Higley, Managing Director & Head of Digital Media Technologies, UBS Investment Bank Hassan Miah, Managing Director, Media and Entertainment, Intel Capital Jacqueline Reses, Partner, Apax Partners Todd Dagres, CEO, BeGyle, former Director, Battery Ventures Sun Jen Yung, Director, Media Investment Banking, Deutsche Bank Securities, Inc. Larry Marcus, General Partner, Walden VC Arthur C. Chang, Chief Operating Officer, GT Advisory Co., LLC, Moderator Sun Jen Yung, Director, Media Investment Banking, Deutsche Bank Securities, Inc. based in San Francisco. Sun has responsibilities for the firm's Investment Banking franchises in Enhanced TV and Broadband. Sun joined Deutsche Banc Alex. Brown in February 2000 from Lehman Brothers, where she was a senior Internet banker in the San Francisco office. During her seven years at Lehman Brothers, Sun initially spent a year in equity research covering software and service companies and six years in banking covering software and Internet. Prior to Lehman Brothers, Sun spent two years at TCSI in Berkeley, CA in Business Development and Finance. In addition, Sun's background includes several years of investment banking experience at J.P. Morgan (Brazil) and PaineWebber (New York and San Francisco). Sun graduated from Columbia Business School in 1988 with an MBA in Finance and a B.A. in Economics and International Studies from Macalester College in St. Paul, MN in 1984. David O. Higley, Managing Director & Head of Digital Media Technologies, UBS Investment Bank: David joined UBS from Prudential Volpe Technology Group where he was head of the Interactive Media and eBusiness Groups. During his career, Dave has raised over $6 billion for his clients and advised on over $2.5 billion in M&A and restructuring transactions. Prior to investment banking, Dave was a securities attorney at Thelen Reid & Priest, a national law firm based in San Francisco. During his time at Thelen, Dave was involved in numerous equity and debt offerings and M&A transactions for emerging growth companies. Dave has a bachelors degree in Business Administration from the University of Southern California (where he was part of the Business Scholars Program) and a Law Degree from the University of Virginia. Larry Marcus, General Partner, WaldenVC: Larry joined WaldenVC from Deutsche Bank Alex. Brown, where he was Director of New Media, Broadband, and Enhanced TV research. Prior to Deutsche Bank Alex. Brown, he worked in Digital Media Equity Research at Robertson Stephens. Over his research career, Larry followed companies in interactive entertainment, consumer and business software, cable infrastructure, new media, and the Internet. As an analyst, he led numerous IPOs and follow-on offerings for companies such as CBS MarketWatch, Terayon, Woman.com, Edmark, Maxis, Wink, and Softnet. His coverage also included Intuit, Electronic Arts, Sierra On-line, Brøderbund, CNET, Activision, Learning Company, Softkey, Acclaim, RealNetworks, Excite@Home, General Instrument, Scientific Atlanta, Gemstar, and OpenTV. He was an early backer of Netflix and Virage. Before working in research, Larry served as a consultant for Digidesign and Maxis, ran a computer store, and worked as a media planner at Jordan, McGrath, Case and Taylor Advertising. Larry is a member of the Board of Directors of <http://www.mydtv.net/>MyDTV and <http://www.savagebeast.com/>Savage Beast. In addition, he is on the advisory board of <http://www.svase.org/>SVASE. Todd Dagres, CEO, BeGyle, former Director, Battery Ventures: Todd joined Battery in 1996 and pursues investments in the media and communications markets. His current focus is on the convergence of content and technology including cable TV, CGI/animation, video gaming and digital content. Since joining Battery, Todd’s major investments have included: Akamai Technologies (NASDAQ: AKAM), Arbor Networks, Broadbus Technologies, Cedar Point Communications, EnvoyWorldWide, Equipe Communications, Predictive Media, Qtera (acquired by Nortel), Redstone Communications (acquired by Siemens), RiverDelta Networks (acquired by Motorola) and XCOM Technologies (acquired by Level 3). In 2003, Todd was recognized as one of the top venture capitalists in the United States when we was ranked #14 on the Forbes Magazine "Midas Touch" list of the top 50 VCs in the country. Recently, Todd converged into entertainment. He has earned credits as an actor, director and producer in the following projects: Actor In: "I never…" a short film, that received honorable mention at the New York film festival, 2003. In "Numbers", An ABC Crime Drama Series, Pilot episode, Fall 2004, and in "Pretty persuasion", a feature film, expected release date 2005. As a Producer: In "pretty persuasion", feature film. In "I never..." a short film. "Bronx Family Robinson", feature film, story by Todd Dagres. His Professional Affiliations include: Director, Prospect Pictures, Los Angeles, and film and television company. As well as, Director, Ealing Studios, London England, film and television company. Todd is an Adjunct Professor at the MIT Sloan School of Management, where he teaches a course entitled, "New Enterprise." Prior to joining Battery, Todd worked at Montgomery Securities, where he was a Principal and Senior Technology Analyst focusing on the networking industry. Prior to Montgomery, he was a Senior Technology Analyst and Vice President at a division of Smith Barney. He also held positions as VP of Communications Research at The Yankee Group and Business Development Manager for Networking at Digital Equipment Corporation. He holds an MS in Economics from Trinity College, Hartford CT, and an MBA from Boston University. Jacqueline Reses joined Apax Partners in 2001 and is responsible for investments in the media industry. Most recently, these investments have included NEP, TVHead, and Yell Holdings. Jackie sits on the board of NEP and serves as an advisor to a number of other portfolio media companies. Prior to joining the firm in 2001, Jacqueline served as the chief executive officer and member of the board of directors of iBuilding, Inc., a real estate software business that was sold to Realeum. Previously, she was a principal at Doughty Hanson & Co., where she pursued media and technology investments and served on the boards of directors of North American Membership Group and Trend Technologies. While at Goldman Sachs Capital Partners, she overlooked investments in the retail, media, and technology sectors. Jacqueline received a BS in economics with honors from the Wharton School of the University of Pennsylvania. Arthur C. Chang is Chief Operating Officer of GT Advisory Co., LLC, a subsidiary of Greenberg Traurig, the fourth largest U.S. law firm, with the largest and the only international entertainment law practice in the U.S. At GT Advisory, Art helps form and manage ancillary businesses that leverage the law firm's capabilities. Such companies include Taladro Systems, a leading timekeeper management and reporting software system; Triad Professional Services, web-based search and registered agent services provider for complex corporate transactions; and Fiduciary Audit Services, a software-supported risk assessment program for ERISA Operating Plans. Art has over 20 years of experience in start-up company settings, including a Chinese-language e-commerce company; an international television distribution business; and a $2.3 billion public real estate development. In 2001, Art joined GT Advisory from the New York City Investment Fund, a $100 million venture capital fund. Prior to that, Art was an investment banker with experience on over $1 billion of diverse private equity and M&A transactions in power generation, real estate, equipment lease finance, biotech and technology. In 1997, Art co-founded Venture Downtown, the annual venture capital conference in New York City. Art began his career in architecture and real estate development, where he worked on over 50 residential, commercial and public projects totaling over $350 million in construction, including a $100 million project for I.M. Pei. Art is also the founder of Tipping Point Partners, LLC, a management consulting firm that helps creative managers organize, launch and build emerging high-growth companies. Art volunteers on the Board of the Brooklyn Public Library Foundation, the supporting organization for the fourth largest public library system in the U.S. and on Yale's Alumni Schools Committee, interviewing undergraduate applicants to Yale University. Art received his M.B.A. in finance from New York University and his B.A. in women's studies with a concentration in art history from Yale. Art lives in Brooklyn with his wife, Allison Thrush, a private equity professional, and their two boys.