Program Agenda
Thursday, May 24, 2007

InterContinental Hotel, Dallas, Texas
Lalique II Ballroom

7:00 – 8:00 am Registration

8:00 – 8:15 am 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

* 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    Presentation of Featured Entrepreneurial Space Companies

9:00 – 9:30 am    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

* 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

* 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

* 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

* 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    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.

* 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

3:30 – 4:00 pm    Break: Networking with Featured Entrepreneurial Space Companies

4:00 – 5:00 pm    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

* 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    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

5:15 – 5:30 pm    Summary Remarks by Chairmen
*  Peter Banks, Red Planet Capital
* John Higginbotham, SpaceVest
* Burton Lee, Innovarium Ventures

6:00 pm    Adjourn