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A Wharton VC's Odyssey through the Cleantech Realm

Andrew Chung, Lightspeed Venture Partners

 The WCNC would like to thank
Carr & Ferrell for sponsoring this part of the Sand Hill Road Series

Join the Wharton Club of Northern California in an exclusive session with Lightspeed Venture Partners' Andrew Chung, who helped launch the firm's investment efforts in cleantech and has organized numerous events around educating entrepreneurs and investors about the opportunities in the growing field. Prior to Lightspeed, Andrew was an investor at Bain Capital and TL Ventures; co-founded UberWorks, a content aggregation software company that was acquired by a public company; and was a strategy consultant with Bain & Company.

In this interactive session, Andrew will give a first-hand account of his journey through cleantech and various trends he has observed from both the VC and entrepreneurs' perspective, including:

  • What is the breadth and depth of entrepreneurial opportunity within the umbrella term, "cleantech"?
  • Why is cleantech capturing so much attention among VC's, entrepreneurs, corporations and governments?
  • Is cleantech a bubble? What sectors within cleantech may be overhyped, and which still offer significant opportunity?
  • What investment criteria do cleantech VC's use to evaluate emerging startups at all stages?
  • How can IT entrepreneurs or industry veterans redefine themselves for a career in cleantech?
  • Any further advice for Wharton alumni starting/joining cleantech companies or pursuing roles in VC firms?

Andrew will also provide a brief primer on some popular cleantech sectors, such as solar, biofuel, energy storage and clean coal.

Register Online
Date: Thursday, July 31, 2008
Time: 6:00pm-7:00pm Networking Reception & Registration. 7:00-8:15 Program, Q&A
Location: Carr & Ferrell, 2200 Geng Rd., Palo Alto, CA 94303
Cost: WCNC Members, Wharton summer interns, members of affiliate clubs, and their accompanied guests. $20 per person. Non-member alumni and other guests: $40 per person. If available, $10 additional for tickets purchased after 6:00pm, Tuesday, July 29. Cancellations after 6:00pm Tuesday, July 29 at the discretion of the WCNC.

Andrew Chung
Andrew is a Principal at Lightspeed and focuses on investments in cleantech, Internet, digital media and software. He helped launch Lightspeed's cleantech investment program in 2006 and has been involved with the boards of Stion (solar), LS9 (biofuels), Exclara (LED lighting), Coaltek (clean coal), and Friends for Sale (social gaming). Andrew has worked on a total of 12 completed investments (including 8 in cleantech/energy) in the U.S., China, and India.

Andrew has been an invited cleantech and Internet speaker at a number of industry events, including TiEcon, the National Renewable Energy Laboratory (NREL) Growth Forum, the World Affairs Council Summit, the Social Gaming Summit, Stanford Energy Crossroads, the Berkeley Energy Resource Collaborative (BERC) and the Wharton Technology Conference. He co-chairs the Cleantech Advisory Board for The Indus Entrepreneurs Group (TiE), is a member of the organizing committee for the California Cleantech Open (CCTO), is helping to initiate cleantech programs for the California Israel Chamber of Commerce (CICC) and Asian-American Multi-technology Association (AAMA) and was a selection committee member for the Cleantech Venture Forum.

Prior to Lightspeed, Andrew worked at Bain Capital and TL Ventures, where he supported leveraged buyout and venture investments in software, semiconductors and healthcare. He also co-founded UberWorks, an e-commerce content aggregation software startup incubated at Trilogy, and led the company through an acquisition by a public company. Andrew also directed product management at OnStation, a CRM software company, and worked as a strategy consultant with Bain & Company in Greater China, servicing clients in the energy generation, industrial automation, consumer electronics and private equity sectors.

Andrew graduated Phi Beta Kappa with honors in Applied Mathematics from Harvard University and holds an MBA from the Wharton School of the University of Pennsylvania. Andrew is an avid musician, having performed as a vocalist and conductor at distinguished venues like the Lincoln Center, the Kennedy Center, the Shanghai Conservatory and an off-Broadway musical theatre.

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