Montgomery Virtual Series

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The Current State of Software Investing
Join Live
Thursday, July 9th – 7:30am PDT

Our next session, The Current State of Software Investing, on Thursday, July 9th at 7:30am PDT will discuss a range of topics including key investment trends, capital flows, valuations, and liquidity with the following esteemed technology investors:

  • Paul Barber, Managing General Partner, JMI Equity
  • Matt McIlwain, Managing Director, Madrona Venture Group
  • Alan Cline, Senior Managing Director, Vista Equity Partners
  • Sumant Mandal, Managing Partner, March Capital Partners (Moderator)

The pandemic has accelerated the need for companies to embrace “digital transformation,” making cloud-based software, IT infrastructure and automation some of the most dynamic and rewarding sectors to invest in technology. This acceleration represents a once in a generation opportunity for investors as years of change have been accelerated into months. The public markets have recovered from the March 2020 correction; however, many of the most interesting software companies are private. We hope that you can join us for a stimulating discussion on the current state and outlook for software investing.

JMI Equity, Madrona Venture Group, Vista Equity Partners, and March Capital Partners are exceptional firms that share an investment thesis around investing in emerging software companies and helping them grow into world-class market leaders:

  • JMI Equity focuses on growth equity for software companies. JMI has over $4B of committed capital since their inception in 1992 with locations in Baltimore and San Diego. JMI has completed 150 investments, over 100 exits, and 19 IPOs with the investment size ranging from $15 million to $125 million. Notable investments include ServiceNow, Seismic, and Kronos. Paul is the Managing Partner.
  • Madrona Venture Group invests primarily in seed and early-stage cloud software companies. Madrona is the leading venture capital firm based in the Pacific Northwest. Over the last 25 years, Madrona has made over 400 investments across eight funds. Notable investments include Amazon, Smartsheet, Snowflake, and UiPath. Matt is the lead Partner in this very dynamic firm.
  • Vista Equity Partners is a leading investment firm with more than $57 billion in cumulative capital commitments. For the last 20 years, Vista has exclusively invested in enterprise software, data, and technology-enabled organizations across private equity, permanent capital, credit, and public equity investment strategies. Notable exits include Marketo and Ping Identity. Alan is Senior Managing Director and spearheads their growth-oriented investments out of the Endeavor fund.
  • March Capital Partners focuses on venture and early growth investments in cloud enabled software companies. Based in Santa Monica and investing globally, the firm currently is investing out of its third flagship fund, March Capital Partners III. CrowdStrike, VeloCloud, ASAPP, Forter, and Uniphore are March’s most notable software investments since the firm’s inception six years ago.

Following the discussion, there will be an opportunity for Q&A from the audience. This discussion will be conducted via video conference, so we encourage you to please join the call via Zoom to submit questions.

Beyond COVID: An Accelerated Economic Recovery
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Beyond COVID: An Accelerated Economic Recovery

Dr. Jim Doti, President Emeritus at Chapman University and the author of the Chapman University Economic Forecast has authored the annual Economic Forecast, which has been widely regarded for its statistical accuracy. From 2004 to 2016, Chapman’s GDP forecasts were more accurate than the forecasts issued by all 26 agencies participating in the Blue Chip Economic Indicators surveys and outperformed the highly regarded Blue Chip Consensus forecast.

An estimated $7T will be invested by industry, business, governments, and education over the next several years in digital transformation. Is the “V” shape tech recovery a leading indicator of the broader “V” shape recovery for the US economy? Is the breadth and depth of the federal stimulus package fully appreciated? What does the real data show you about the resiliency of the economy and the outlook for a recovery? What is really the outlook for California, and what does that tell you about the country?

Beyond COVID: Cloud, AI, & the Digital Economy
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Beyond COVID: Cloud, AI, & the Digital Economy

The current pandemic has rapidly accelerated “digital transformation” in the enterprise. It is estimated that over $7T will be invested by industry, business, governments and education over the next several years on “digital transformation”.  Many of the most innovative companies which will lead the way are private. Often, the best businesses are those that address simple (but wildly inefficient) markets.  The crisis can actually help accelerate the adoption of these technologies.

Hear from the leaders who have done just this at ServiceNow and ASAPP, Frank Slootman & Gustavo Sapoznik respectively, by changing the landscape of the internal help desk and customer service industries. Also speaking with them will be Hank Prybylski, EY Vice Chair – Americas Advisory, to share insight on how the truly best firms today are digitally integrating their customer experiences, employee experiences, and supply chains all together – not just solving for one part of that equation.

Participants:
Frank Slootman, Chairman and CEO, Snowflake
Gustavo Sapoznik, Founder and CEO, ASAPP
Hank Prybylski, Vice Chair, EY Americas

Returning to the New Normal: Insights from Governor Doug Burgum of North Dakota
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Returning to the New Normal:
Insights from Governor Doug Burgum

Governor Burgum is the 33rd Governor of North Dakota and is the most experienced and successful entrepreneur and investor to be in a U.S. political leadership position right now. He shared his unique perspectives with us as of the first states in America to “open up.” He was interviewed by Rich Karlgaard, Editor at Large and Futurist for Forbes Media. Rich is also a native of N. Dakota and the author of several books including Life 2.0, which predicted the future efficacy and prevalence of remote work.

The discussion explored the key trade-offs that North Dakota had to balance in its decision to re-open, the use of technology for tracking and tracing, and provide insights into the federal-state government cooperation during the crisis. We addressed the impact and opportunities for the North Dakota economy, drawing on Governor Burgum’s experience from building a multi-billion-dollar software company in Fargo, ND and his success in motivating the private sector to build one of the most advanced broadband networks in the country.

 

 

The Future of the Enterprise: Post-Pandemic
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The Future of the Enterprise: Post-Pandemic

The pandemic has drastically changed how technology is being purchased and deployed, causing disruption but also accelerating powerful trends in software. Sarah Hindlian-Bowler lead our discussion and highlighted Uniphore and JumpCloud, two private companies poised for to play an important role in the coming years. During the session, the group discussed the global macro environment for IT spending; how the future of work will evolve and the evolution of IT architecture.

Sarah recently authored a report on “Life in the Time of COVID-19 – The Future of Work & Life Post-Pandemic,” which addressed how the crisis has created major shifts in technology and human consumption patterns and their influence beyond COVID-19.

Participants: 
Sarah Hindlian-Bowler, Senior Analyst, Macquarie
Rajat Bhargava, Co-Founder and CEO, JumpCloud
Umesh Sachdev, Founder and CEO, Uniphore

 

Leading During a Crisis: A Conversation with John Chambers
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Leading During a Crisis:
A Conversation with John Chambers

John Chambers, Founder & CEO of JC2 Ventures, will walk us through his Crisis 101 Playbook on how to lead during difficult times, his insights and perspectives on how to adapt to the changing capital and technology markets, and what leaders should be doing now in order to position their companies for post-crisis success.

 

 

Maintaining Your Health & Wellness while Managing In Stressful Periods
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Maintaining Your Health & Wellness while Managing Stressful Periods
with Dr. Deepak Chopra

As we go through this stressful time, your safety, health and wellness should remain a top priority. Dr. Deepak Chopra, Founder of The Chopra Foundation, guides us to better understand the biology of emotional turbulence and stress, and what you can do to minimize inflammation, enhance immunity and stay centered. He also discusses how times of crisis require creative thinking and will lead to new paradigms of leadership.