Week of May 17 - May 23, 2004 ~ v.6, n.20
Top Stories

Federal Budget Slashes R&D Funding
The federal government's proposed fiscal year 2005 budget includes a host of cuts to federally funded Research and Development, including the complete elimination of the Advanced Technology Program.

The Two Californias of Venture Investing
Although Sand Hill Road falls within the same state lines as Santa Monica, from a VC's perspective, they are worlds apart. Silicon Valley has a unique place in the world of venture investing. Travel about 400 miles south to the Los Angeles basin, and you'll find things are the same yet different.

Implementing EQ Strategies in High Tech Organizations
Organizations of all kinds are turning to EQ to improve employee job performance, and companies in the high tech industry are no exception. Strategies range from basic awareness building to in-depth programs that target specific business deficiencies and objectives.

Now Available from Larta Institute
Technology Transfer and the Life Sciences
Universities, federal labs, corporations and research organizations need help commercializing new technologies in the life sciences. Larta Institute provides a new resource guide to help companies, researchers and policy makers encourage biotechnology transfer.

The Sand Dollar Report 2004: An Analysis of Venture Investing in Southern California
The Sand Dollar Report 2004 features a historical analysis as well as the latest information and data on the venture capital industry in Southern California, and includes interviews with leading venture capitalists in the region. Available with the purchase of Larta Institute's Sand Dollar Report 2004 is PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree Survey.

Send comments and submissions to James Klein, Larta VOX Editor, at voxeditor@larta.org

Larta University


SSTI, the State Science and Technology Institute, calls Larta University one of the "best programs in the country," having "helped hundreds of entrepreneurs, implemented innovative programs, and assisted client companies to raise hundreds-of-millions of dollars.

May 20: Preparing the Financial Forecast Model
This workshop will show you how to build a financial forecast model. Using Excel, you will learn how to build your forecast from the bottom up, taking the primary elements of your business (sales, cost of goods sold, staffing and overhead) and translating them into a forecasted Income Statement, Cash Flow Statement and Balance Sheet in a format that potential investors will find attractive.
Location: Los Angeles

May 26: Mergers & Acquisitions
It is virtually every entrepreneur’s dream to build a business that eventually provides a significant monetary return to the company’s shareholders through a liquidity event. The two primary ways for a company to enact a liquidity event are through an IPO or through a partial or complete sale of the business. In 2001 and the first half of 2002, there were approximately 140 IPOs versus approximately 15,000 M&A transactions. This session will provide an opportunity for entrepreneurs to learn about the “path to liquidity”. The course will discuss what makes a successful acquisition candidate and what a business can do to maximize value before the sale process and how the M&A process works and how to maximize value during the sale process.
Location: Los Angeles

Larta University's Course Schedule

Tech Sector News
Sponsored by LATimes.com

Top Stories in Hot Technology Sectors

Biotechnology
EU to End 6-Year Biotech Moratorium (Los Angeles Times))
The European Union said it would approve a type of genetically modified corn for human consumption, ending a six-year biotech moratorium that the United States has challenged at the World Trade Organization.

more Biotech news

Consumer Electronics
E3: Loud and Garish as Ever (Wired)
There's no doubt that the E3 video-game show is the loudest, most garish trade show on Earth.

more Consumer Electronics News

Internet
Google stock auction: IPO revolution or disaster? (CNN.com)
Google Inc.'s initial public offering has a lot of people salivating for a piece of the action -- an appetite that the Internet search engine leader hopes to satisfy by inviting the masses to the bidding table.
more Internet news

Investments
Technology stocks stumble (CNNMoney)
Investors fear civil unrest in Iraq would prolong U.S. presence in the region; safe-havens soar.

more Investment news

Software
Microsoft turns to growing field of search (CNN.com)
When it comes to the latest technology craze, Microsoft Corp. isn't known for being first or best: It's known for being biggest.
more Software news

Events Calendar

This calendar lists events endorsed by Larta Institute.

May 19: Entrepreneurial Opportunities from Sarbanes-Oxley & Spitzer Settlement
Harvard Business School Association of Orange County presents a Management Networking Breakfast with Max Donner, Financial Columnist. Get the latest on Sarbanes-Oxley and the Spitzer Settlement. Learn about the regime change in finance. Come see how 2004 will be a window of opportunity for entrepreneurial initiates involved in securities reform and shareholder protection.

May 19: Accounting & Finance Issues for Emerging Technology Companies - Revenue Recognition
PricewaterhouseCoopers brings their accounting expertise and experience to start up companies in this informative, classroom style series for Pasadena Entretec. The classes are intended for finance executives including CEO's, CFO's and controllers.

May 20: 7th Annual Strictly Business Luncheon
JVS hosts a luncheon honoring biotech industry pioneer Alfred E. Mann and Staples, Inc., to be held in the International Ballroom of the Beverly Hilton Hotel. For sponsorship opportunities and ticket information, please contact David Moses at (323) 761-8888 x8895 or visit JVS on the web at www.jvsla.org.

May 20: Preparing the Financial Forecast Model
This Larta U workshop will show you how to build a financial forecast model. Using Excel, you will learn how to build your forecast from the bottom up, translating the primary elements of your business into a format that potential investors will find attractive.

May 20: Corporate Investment: The New Venture Capital
As part of their Monthly Breakfast Program, Orange County Venture Group is bringing together senior executives of three leading SoCal venture-backed companies along with an investment manager from Motorola Ventures. Find out how to attract and manage a venture investment from the “Big Boys.”

May 26: Mergers & Acquisitions
It is virtually every entrepreneur’s dream to build a business that eventually provides a significant monetary return to the company’s shareholders through a liquidity event. The two primary ways for a company to enact a liquidity event are through an IPO or through a partial or complete sale of the business. In 2001 and the first half of 2002, there were approximately 140 IPOs versus approximately 15,000 M&A transactions. This session will provide an opportunity for entrepreneurs to learn about the “path to liquidity”. The course will discuss what makes a successful acquisition candidate and what a business can do to maximize value before the sale process and how the M&A process works and how to maximize value during the sale process.

May 31-June 1: Focus on Business
At Focus on Business you will gain up to date knowledge and networks to help you win new business. Around the themes of innovation, networking, federal politics, world class government administration and exporting, Focus on Business is the premier biennial regional business event, and a tremendous opportunity to involve your organisation in a bold initiative designed to showcase Canberra and the surrounding region as a thriving centre of business excellence.

June 6-9: Bio 2004 Annual International Convention
The biotechnology industry will go back to where it all began – San Francisco – to celebrate the benefits of biotech to health, agriculture, the economy and the environment. More than 16,000 biotech executives, investors, journalists, policymakers and scientists from more than 55 countries are expected to attend.

June 8: Writing a Winning SBIR Proposal
Winning federal money begins with a winning SBIR proposal. Get access to the millions of dollars that are set aside by the U.S. government and private organizations to fund technology research and development activity. This session will touch on several general areas, including; the search process to find SBIR/STTR grants appropriate for your technology, general information about the culture and requirements of each agency offering these types of grants, and the business structures/collaborations/research plans found in winning proposals.

June 8: Where Will the Next Wave of Technology Take Us...?
Technolink Association presents a roundtable forum with high-tech, life sciences, innovative, international, and political leaders discussing the impact that the next generation of technologies will have on our business and society.

June 9-11: 5th Annual Venture Capital Investing Conference
International Business Forum presents the flagship event for private equity investors and VCs. This conference will show each group ways to profit from the inevitable changes ahead.

June 14-17: North American IPv6 Summit
The North American IPv6 Summit welcomes everyone interested in meeting the pioneers and time-to-market developers and adopters of Internet Protocol version 6 (IPv6), the Next Generation Internet. The North American IPv6 Summit is the premier event for the world IPv6 community, providing an international forum for advancing the development and implementation of next generation Internet networks, technologies, applications and policies.

Larta Institute's Events Calendar

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Project T2
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FIDELYS
Foley/Freisleben
Project T2
PricewaterhouseCoopers
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Larta Institute
connecting people to drive innovation

We bring people together to move technologies into the marketplace. Our client solutions include: conferences, training workshops, technology transfer, advisory services, and research and analysis.

Since 1993, companies helped by Larta Institute have raised over $1.5 billion in capital. Larta Institute's conferences and seminars provide insights to thousands of businesspeople each year. Larta Institute's weekly electronic magazine on business innovation is read by over 20,000 people.

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