Space

Venture Finance Symposium

(also known as Space Investment Summit #2) ISDC 2007 Pre-Conference Event Thursday, May 24, 2007, Dallas, TX InterContinental Hotel, Lalique II Ballroom

Program Agenda
7:00 8:00 am 8:00 8:15 am Registration Welcome by Symposium Chairmen * Burton Lee, Innovarium Ventures * John Higginbotham, SpaceVest * Peter Banks, Red Planet Capital

8:15 12:00 pm

Morning Session * Presenter: Dr. Burton Lee, Innovarium Ventures Themes: * Symposium goals and overview * Background and recent trends in the commercial space sector, including space tourism, NASA COTS, and satellite ventures * Background and recent trends in angel/VC/private equity finance * Trends towards a mature financial pipeline for commercial space investors and entrepreneurs * Major market opportunities and players today and tomorrow

8:45 9:00 am 9:00 9:30 am

Presentation of Featured Entrepreneurial Space Companies Keynote Speaker: * Lon Levin, Chief Strategic Officer, Transformational Space Corporation; Co- Founder, XM Satellite Radio; Senior Advisor, Slacker * Introduction: Rick Tumlinson, Co-Founder, Space Frontier Foundation; CEO XTreme Space; Chairman, Orbital Outfitters

9:30 10:30 am Venture Capital Financing of (Aero)Space Firms and Technologies * Moderator: Burton Lee, Innovarium Ventures * Peter Banks, General Partner, Red Planet Capital * John Higginbotham, Chairman (retired), SpaceVest * Mohanjit Jolly, Managing Director, Garage Technology Ventures * George Petracek, Managing Director, Atrium Capital Themes: * Recent VC deals in space-related startups * Lessons learned from SpaceVest-RedShift experience * Views of Silicon Valley VCs toward space investments * Outlook for VC and corporate VC funds focused on aerospace and transportation * Hurdles to the growth of venture capital participation in space-related startup financing 10:30 11:00 am Break: Networking with Featured Entrepreneurial Space Companies 11:00 12:00 pm Private Equity and Investment Banking in Early- and Mid-Stage Financing of Commercial Space Firms * Moderator: Armand Musey, Financial and Strategic Consultant * Paul Cuatrecasas, Founder and Partner, Alegro Capital, London * Kevin Sheehan, President and CEO, ORIX Venture Finance LLC * Joerg Kreisel, CEO, JKIC Space Business and Finance Advisors, Germany Themes: * Lessons learned from early- and mid-stage financing of satellite, telecom and other space-related firms * Private equity firms as viable exit strategies for venture-backed startups * How should a commercial space startup structure itself for a PE acquisition? * The European view of private equity and investment banking in commercial space

12:00 1:30pm Lunch Keynote Speaker: * Thomas B. Pickens, III, President and CEO, SPACEHAB, Inc.; Managing Partner, Texas Nanotech Ventures * Introduction: Esther Dyson, Chairman, EDventure Holdings * Discussant: David Lackner, Director, Affiliates Program, Bio-Info-Nano Research and Development Institute (BIN-RDI), University of California and NASA Ames Themes: * Space-nanotech-biotech convergence * Space-aviation and space-IT convergence 1:30 5:30 pm Afternoon Session 1:30 2:30 pm Corporate Investment and Financing of Early- & Mid-Stage Commercial Space Ventures * Moderator: Burton Lee, Managing Partner, Innovarium Ventures * Bill Gail, Director, Strategic Development, Microsoft Virtual Earth * Richard Sanford, Director, Space Initiatives, Cisco Systems Inc. * Joerg Kreisel, CEO, JKIC Space Business and Finance Advisors, Germany * Mike Fitzgerald, President and CEO, NextTechs Technologies LLC, Houston, TX Themes: * Current trends in financing and investment of commercial space ventures and projects by corporations * Discussion of Microsoft and Cisco visions for space communications infrastructure, terrestrial markets and applications for space commerce, & investment opportunities * State of the SBIR marketplace for space-related technologies and companies * The European view on corporate investment and finance in commercial space

2:30 3:30 pm

3:30 4:00 pm 4:00 5:00 pm

State and Private Equity Financing of Space Enterprises and Spaceports * Moderator: Frank DiBello, Managing Partner, Aerospace Capital Partners, LLP * Greg Kulka, Director-Private Equity & ETI Programs, New Mexico State Investment Council * Mark Ellison, Director, Texas Emerging Technology Fund, Office of the Governor * Marty Barrack, Senior Advisor, Space Florida * Michael J. Lyon, Managing Director, Spaceport Singapore; President, Lyon Capital, Inc. Themes: * State equity investment funds and financing in the commercial space industry * Legislative charter and legal authority of state (aero)space investment funds and economic development agencies * The future of state equity investment in (aero)space economic development * International spaceport financing trends

Break: Networking with Featured Entrepreneurial Space Companies

Angel Investment in Seed-Stage Commercial Space Startup Companies * Moderator: Esther Dyson, Chairman, EDventure Holdings * Stephen Fleming, Angel Investor, XCOR Aerospace, Orbital Outfitters and Constellations Services International; Chief Commercialization Officer, Georgia Institute of Technology * Lee Valentine, Angel Investor, XCOR Aerospace, Orbital Outfitters and Constellation Services International; Executive Vice President, Space Studies Institute * Paul Schlosberg, Chairman, INCA Group LLC; Angel Investor Themes: * Broad trends in angel financing of seed-stage technology enterprises * Current state of angel financing in commercial space sector * Space-aviation technology and market convergence in angel investing * Hurdles in convincing angels to invest in space startups * How to educate and talk to angel investors about space ventures * How to increase participation of US and international angel networks & associations

5:00 5:15 pm

5:15 5:30 pm

NSS Space Finance Award Ceremony * Recipient: To Be Announced * Presented by: Kirby Ikin, Chairman of the Board of Directors, National Space Society; Managing Director, Asia Pacific Aerospace Consultants, Australia * Introduction: Paul Eckert, International & Commercial Strategist, The Boeing Company, IDS Space Exploration

Summary Remarks by Chairmen * Peter Banks, Red Planet Capital * John Higginbotham, SpaceVest * Burton Lee, Innovarium Ventures

6:00 pm

Adjourn