Due Diligence Workshop
Date: January 11th, 2012
Time: 10:00 AM Eastern Time (7:00 am Pacific)
Introductions/Moderator: Sean Jacobsohn & Dan Rosen from HBS Angels
Workshop Leader: Mike Hirshland (Resoloute.VC, Polaris Venture Partners)
$10 members and $35 for non-members
This webinar is expected to run up to 60 minutes.
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This workshop will cover a variety of practical due diligence considerations for those currently or expecting to be actively investing at the angel stage. Amongst these will be the types of diligence to focus on as well as the diligence resources available for cheap or free to individuals.
Sample Discussion Agenda:
- Defining your investment profile
- The basic checklist
- Diligence Resources
- What to avoid
- Sector-based Case Studies (Consumer Internet, B2B SaaS, AdTech)
Founder, Resolute.VC; Former General Partner, Polaris Venture Partners
As an early stage investor at Polaris Venture Partners, Hirshland led Polaris’s investment in notable companies including Automattic (WordPress), Quantcast, Q1 Labs (acquired by IBM), Six Waves/Lolapps, KISSMetrics, Formspring, BlackArrow, Thing Labs (acquired by AOL) and Mail Bypass. Hirshland also sourced Sticky Bits, whose founders went on to restart the company as Turntable.fm.
While at Polaris, Hirshland also conceived and led the San Francisco launch of Dogpatch Labs, which was extended by various Polaris partners to Boston, New York and Dublin, and in just 3 years helped foster the creation of over 350 companies, more than 85 of which raised venture funding.
Prior to joining Polaris, Hirshland had a distinguished early career in Washington, D.C. where he clerked for U.S. Supreme Court Justice Anthony Kennedy, and, as Counsel to the U.S. Senate Judiciary Committee, ran the Senate’s Microsoft Investigation.
Mike earned his Bachelors from Harvard University and his JD from the University of Virginia School of Law.
Co-Founder & Co-President, HBS Angels; VP Worldwide Alliances, YouSendIt
Sean Jacobsohn is vice president of worldwide alliances at YouSendIt, where he is responsible for growing revenue through global partnerships. He has been an alliances and sales executive in the technology-enabled business services space since 1999. Prior to YouSendIt, he was VP of Channel Management at Cornerstone OnDemand, a human capital management software-as-a-service provider, which had an IPO in March 2011. Sean helped grow the company from $7 million to $72 million in revenue and 300,000 subscribers to over six million, the second most of any software-as-a-service company in the world.
Before his tenure at Cornerstone OnDemand, Sean was VP Sales and Partner Development at WageWorks, a leading provider of consumer-directed spending solutions, which filed an S-1 for a proposed IPO in April 2011 and grew from $3 million to $82 million in revenue during his tenure. Prior to WageWorks, Sean was a senior manager at Elance, the world’s largest marketplace of contractors. He has also held finance positions at Major League Baseball and The Prudential Realty Group.
Jacobsohn has an MBA from Harvard Business School and a BBA in Marketing, Finance, and International Business from University of Wisconsin.
Chief Learning Officer of HBS Angels & Principal at Highland Capital Partners
Dan is a Principal at Highland, where he has focused on early-stage investments in the mobile, financial services and transaction-related technology. Dan represents Highland on the boards of PerkStreet Financial, Picochip, Triad 700 and TriStar. He also is currently or has been actively involved with Highland's investments in CampusLIVE, Optasite (acquired by SBA Communications), Quattro Wireless (acquired by Apple), WePay and Zoove. Dan is currently also an angel investor in Fynanz, Formative Labs and Fundly.
Prior to joining Highland, Dan worked at HarbourVest Partners, LLC, where he invested in and worked closely with several growth-stage technology and communications businesses, including Axerra Networks, eHelp (acquired by Macromedia), MobileAccess Networks (acquired by Corning), Nuera Communications (acquired by AudioCodes), and Quallaby (acquired by Micromuse). He has also worked in corporate development at RSA Security (RSAS, acquired by EMC), as a software consultant for American Management Systems (AMSY, acquired by CGI Group), and independently consulted to several communications start-ups.
Dan earned an MBA with Distinction from Harvard Business School and a BS in Economics (Finance & Information Systems concentrations) from the Wharton School at the University of Pennsylvania.
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