SAN FRANCISCO, May 13 -- The National Venture Capital Association issued the following news release:
The National Venture Capital Association (NVCA) convened over 125 entrepreneurs and more than 40 venture capital firms from the U.S. and Canada today for Office Hours 2.0. Held during VentureScape 2014, NVCA's annual meeting in San Francisco, CA, Office Hours 2.0 helps build America's next generation of great companies by connecting venture capitalists and entrepreneurs through roundtable discussions, individual mentoring sessions and networking.
"Building off of the incredible success of last year's Office Hours program, we built Office Hours 2.0 to offer another powerful pathway to connect entrepreneurs with the resources they need to go to market and expand," said Claudia Fan Munce, Managing Director of IBM Venture Capital Group and NVCA Board Member, who served as Chairman of Office Hours 2.0. "Every game changing company has overcome huge obstacles in the process of getting off the ground. Office Hours 2.0 connects experienced venture capitalists with the nation's most promising entrepreneurs for meaningful, one-on-one meetings to solve foundational challenges."
"We created the Office Hours program in the spirit of strengthening the startup ecosystem and providing our members with a platform to give back to the innovation economy and forge meaningful connections with a new generation of business leaders," said Bobby Franklin, President and CEO of the NVCA. "The entire innovation ecosystem benefits when an inspiring group of entrepreneurs can spend time meeting with VCs who have seen what works and what doesn't and can offer battle-tested advice on building a business."
NVCA worked closely with accelerators, incubators, and venture capital firms to select a diverse group of entrepreneurs to connect with a national network of venture capitalists. Office Hours 2.0 focused on intensive mentoring and discussion of the challenges entrepreneurs face,
including attracting talent, scaling nationally and internationally, product launches, business model challenges, sales and marketing, and product development.
Entrepreneurs hailed from 20 states and Canada, including Arizona, California, Florida, Illinois, Kentucky, Massachusetts, Maryland, Missouri, North Carolina, New Jersey, Nevada, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Nashville, Texas, Virginia, Wisconsin, as well as Ontario, Vancouver, and Quebec. Their companies represented a range of sectors and stages including enterprise software, consumer tech, biotechnology, medical devices, clean technology, education and finance. A total of 66 percent of participating companies were seed and early stage.
Venture capitalists from 500 Startups, Andreessen Horowitz, Azure Capital Partners, Bain Capital Ventures, Canaan Partners, Correlation Ventures, Cross Creek Advisors, Deerfield Management, Divergent Ventures, Draper Fisher Jurvetson, Emergence Capital, GE, Mohr Davidow Ventures, Moore Venture Partners, New Atlantic Ventures, ONSET Ventures, Relay Ventures, Scale Venture Partners, Sigma West, SoftTech VC, Technology Ventures (Conoco Phillips), Telefonica, Tyco, USVP and Venrock participated as mentors.
To help get them to Office Hours 2.0, American Airlines offered entrepreneurs outside the San Francisco area a special discount on airfare to and from VentureScape 2014. IBM Venture Capital Group, GE Ventures, Citi Ventures, Proskauer, Citrix, and Qualcomm also played key roles in supporting Office Hours 2.0.
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