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Hot Careers in the New Economy

Hot Careers in the New Economy. Presentation to the FEI November 7, 2000 By: Laura Hill VP Human Capital MobileSpring, Inc. Topics to be covered:. 1999 vs. 2000. Current industry trends: what’s HOT. The Life-cycle of a start-up. Career Opportunities in the new economy.

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Hot Careers in the New Economy

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  1. Hot Careers in the New Economy Presentation to the FEI November 7, 2000 By: Laura Hill VP Human Capital MobileSpring, Inc

  2. Topics to be covered: • 1999 vs. 2000 • Current industry trends: what’s HOT • The Life-cycle of a start-up • Career Opportunities in the new economy • Career positioning and skills development for the 21st century • Q & A

  3. 1999 • Plenty of Venture Capital money for e-commerce • and dot-coms • Strong IPO market for Internet companies • Business-to-consumer was starting to be out of favor • Business-to-business was HOT

  4. The New Millennium Hangover • The April Meltdown • Black September for Dot-coms • Wall Street looks for profits • Technology stocks tumble • The long-expected consolidation begins

  5. What’s HOT / GROWTH Areas • Wireless and Mobile Internet • Infrastructure • Enabling Technologies

  6. Wireless • Location-based commerce • Mobile commerce (m-commerce) • Communication (messaging) • Over $1 billion venture dollars invested in wireless • services companies this year (source: VentureOne) • Categories:

  7. Life-cycle of a start-up company 1ST & 2ND ROUND SEED STAGE MEZZANINE • Friends & Family • Angel Investors • Incubators • Venture Capital • Investment Banking firms • Strategic / Corporate Investors • Venture Capital • Strategic / Corporate Investors IPO / ACQUISITION IDEA GENERATION Up to $5M $5M - $10M per Investor $5M to $50M+

  8. The Key Players • Incubators • Venture Capital Firms • Strategic / Corporate Investors

  9. Incubators • Early ones tied to Universities & economic • development groups • Legal • Financial/accounting • Marketing • Technology • Web design • Human resources/recruiting • Office space • Provide services for equity and/or cash: EXAMPLES: idealab! Garage.com Iron Street Labs LaunchCenter39 Rare Medium Village Ventures MobileSpring

  10. Venture Capital Firms • Investment minimum typically $5M • Structured as private limited partnerships • Introduction to Wall Street for mezzanine and IPO funding EXAMPLES: Hummer Winblad, Kleiner Perkins Caulfield & Byers Draper Fisher Jurvetson, Oak Investments, General Atlantic Partners

  11. Strategic / Corporate Investors • Intel • Cisco • Primedia • Sony • Microsoft

  12. Career Opportunities in the New Economy • What are the jobs? • What are the jobs like? • How to find these jobs. • How to position & prepare yourself. • How to evaluate a start-up. • CFOs in the news. • Pros and Cons of a career in the New Economy.

  13. What are the jobs? • CFO / VP Finance • Controller • Corporate Development / Mergers & Acquisitions

  14. What are the jobs like? • Intense, Stimulating and Challenging • Broad and Vertical • Chaos / No Script / Uncertainty • Unisex restrooms, pony-tails, tattoos, dogs, and massages on Fridays

  15. How do you find them? • Search firms • Internet • Consulting and Part-time gigs • Networking at venture groups, • trade associations, etc. • Read the trades: Red Herring, Industry • Standard, Fast Company, Venture Wire

  16. How to position & prepare yourself • IPO / SEC / Investor Relations • Industry hooks • Strategy, marketing, e-commerce, technology • Learn to interview in sound bites

  17. How to evaluate a start-up • Investigate / evaluate as you would an • investment • Business model • Competitive position • Quality of management team • Quality and commitment of investors

  18. CFOs in the News Heidi Miller Priceline.com Craig Monaghan AutoNation, Inc George Shaheen Webvan.com

  19. Pros and Cons Stability Your family The Odds Preparedness for the future and anything else

  20. “The road to success is always under construction”

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