VC101: A Primer on Venture Capital (Morningside)
Venture capital can take your invention from an idea to an innovation and then an IPO - if you can get it. Last year, U.S. venture capitalists invested about $10.7 billion in seed and early stage companies,* and venture capital has been demonstrated to have a strong positive impact on fostering innovation. While VC investment is on the rise, the number of start-ups has also exploded, and competition for VC dollars is fierce. Join us for a talk with Louis P. Berneman, an expert in the field of venture capital and university technology transfer, who will offer insight into the decision-making process for VC firms and shed light on what VC funding can do for your start-up.
This event is co-sponsored by the Office of Postdoctoral Affairs.
Louis P. Berneman is the founding partner of Osage University Partners (OUP), a venture capital firm that specializes in financing university spinouts commercializing disruptive science. Osage has partnered with 65+ universities and research institutions, including Columbia, to invest in their startups. OUP I ($100M) launched in 2011, has invested in 37 companies across all technology sectors, including software, hardware, and life sciences. OUP is now raising Fund II targeted at $200M. Osage focuses on transformative technologies, passionate entrepreneurs, and investing in companies solving major global challenges. Prior to OUP, Lou was managing director of the University of Pennsylvania Center for Technology Transfer. He is a past president of the Association of University Technology Managers (AUTM) and a serial entrepreneur.
* According to data from the National Venture Capital Association and PricewaterhouseCoopers Moneytree survey.