
Bill Gross,
Founder of Idealab and CEO
Energy Innovations
Bill Gross serves as Idealabís Chairman of the Board and Chief Executive Officer. Bill founded Idealab to create and build successful businesses that capitalize on innovations in areas with significant growth opportunities, including the Internet.
A lifelong entrepreneur, Bill started several companies prior to Idealab. In high school, he founded Solar Devices, a firm that sold plans and kits for solar energy products. In college at the California Institute of Technology, he patented a new loudspeaker design and formed GNP Loudspeakers, Inc. After graduating from college, Bill and his brother Larry started GNP Development, Inc., which made a natural language product for Lotus 1-2-3 called HAL. In 1985, Lotus Development Corporation acquired GNP and Bill became a software entrepreneur at Lotus Development.
In 1991, Bill started Knowledge Adventure, an educational software publisher that grew to be the third largest educational software publisher in the world and was eventually sold to Cendant Software and is now a division of Havas Interactive, which is owned by Vivendi. Bill serves on the boards of directors of numerous companies. He is also a member of the Board of Trustees of the California Institute of Technology and of the Art Center College of Design. Bill received his B.S. in Mechanical Engineering from the California Institute of Technology.
Bill Gross started Idealab in 1996 to create and operate pioneering technology companies. The structure of Idealab has allowed the company to test many ideas at once and turn the best of them into companies, attracting the human and financial capital necessary to bring them to market.Ý In addition to capital, Idealab provides a full range of resources to infuse startup companies with the development strategies and financial support needed to rapidly introduce innovative products and services.Ý
Many of Idealabís companies were among the first to introduce new business ideas to the market. CitySearch, now a part of InterActive Corp., established the category of local online community directories. eToys demonstrated the tremendous potential for online consumer retail and became one of the most recognized brands during the early days of e-commerce. Overture Services, which began life as GoTo.com, was the first company to introduce the concept of paid search. Now part of Yahoo!, Overture's business model is the underpinning of a multibillion-dollar online search market.Ý
Idealab continues to explore a range of technology frontiers. New models for improving the search experience are at the core of companies currently growing inside of Idealab ó Perfect Market Technologies and X1 Technologies. Moving beyond the Internet, we have spawned companies with breakthrough technologies in robotics (Evolution Robotics) and renewable energy (Energy Innovations and eSolar), among others. Idealab also continues to partner with leading venture capital firms and other strategic investors to provide the resources to maximize the potential of these companies.
Nathan S. Lewis
George R Argyros Professor of Chemistry
Division of Chemistry and Chemical Engineering
California Institute of Technology
Title: "Scientific Challenges in Sustainable Energy Technology"
Dr. Lewis has been on the faculty at the California Institute of Technology since 1988, and has served as Professor since 1991. He has also served as the Principal Investigator of the Beckman Institute Molecular Materials Resource Center at Caltech since 1992. From 1981 to 1986, he was on the faculty at Stanford, as an assistant professor from 1981 to 1985 and a tenured Associate Professor from 1986 to 1988.
Presenting Companies
Energy Innovations
www.energyinnovations.com
Founded by Bill Gross, who continues to serve as CEO, Energy Innovations is an original concept developed at Idealab. Energy Innovations was started in 2001 by Idealab to generate affordable renewable energy. The company is building the worldís first high-concentration solar power system designed for rooftop applications, called the Sunflower. By concentrating sunlight using inexpensive materials such as plastic and glass, the company can use a tiny fraction of the expensive photovoltaic material contained in traditional systems, thereby reducing the cost of solar significantly. Further, the Sunflower tracks the sun all day and throughout the year, producing more energy during critical afternoon "peak" electricity periods, offsetting the most expensive electricity for system owners. The Sunflower will ship in 2007.
Materia, Inc.
www.materia-inc.com
Materia was founded in 1998 to commercialize olefin metathesis catalyst technology. This market-enabling, Nobel Prize-winning, green chemical technology enables chemical compounds to be synthesized with greater efficiency, under less stringent reaction conditions, and with reduced byproducts and hazardous waste. As stated by the Royal Swedish Academy of Sciences when awarding the 2005 Nobel Prize, "metathesis is an example of how important basic science has been applied for the benefit of man, society, and the environment."
Cargill, Inc.
www.cargill.com
Cargill is an international provider of food, agricultural and risk management products and services with annual sales and revenues I 2006 of $75 billion. With 153,000 employees in 66 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed. The company develops industrial applications for agricultural feedstocks. Its products include biobased polyols and biofuels. For more information: www.cargill.com
PowerMEMS Technologies Inc.
http://powermems.com/
PowerMEMS creates and markets devices for harvesting renewable energies such as vibration and thermal energies, converting it to electrical energy and delivering it to small portable electronic devices such as MP3 players, cell phones, cameras, etc. These devices are specially designed to be very small footprint for ìon boardî device applications and contribute a profound benefit in extending the lifetime of the battery in the devices mentioned as well as sensor systems in automobiles and industrial plants.
The fruits of ground-breaking joint research conducted by Lawrence Livermore Labs, UCLA and Naval Research Labs over five years form the fundamental intellectual property foundation for the company. These innovations in materials science and device architecture have led to breakthroughs in energy conversion and energy storage technologies exclusively licensed and commercialized by the Company.
To meet the demands for critical economic and size constraints, all PowerMEMS solutions utilize bulk micro-machining, CMOS MEMS fabrication. This approach accumulates the benefits of lower costs as volumes increase through the well known semiconductor cost curve and also allows for easy scalability through component arrays.
PowerMEMSÖ. Clean energy technology for the next generation.
Direct Methanol Fuel Cell Corporation/a VIASPACE Energy Company
www.dmfcc.com
Direct Methanol Fuel Cell Corporation (DMFCC), a subsidiary of the VIASPACE Inc., is pursuing a multibillion-dollar market opportunity to manufacture and distribute disposable methanol fuel cartridges. These fuel cartridges provide the energy source for tomorrowís fuel cell-powered portable electronic devices, such as laptop computers and cell phones.
Fuel cells are expected to gain a substantial market share because they offer longer operating time as compared to current lithium ion batteries and may be instantaneously "recharged" by simply replacing the disposable fuel cartridge. International safety regulations require that the cartridge not be refillable by the consumer, and a disposable cartridge represents a recurring revenue stream.
The fuel cell is the razor, and the cartridges the razor blade. DMFCC has major cartridge manufacturing partners in the US, Japan and Korea that are already trusted suppliers to major OEMs. DMFCC has licensed 59 issued and 59 pending worldwide patents from Caltech on the direct methanol fuel cell technology, and is willing to provide this key IP protection to OEMs as part of a cartridge supply agreement.
Novomer, LLC
www.novomer.com
Novomer develops catalyst technologies for the production of monomers, polymers and fine chemicals from alternative chemical feed stocks. Novomer was founded in 2004 to commercialize several innovative catalyst technologies discovered by Cornell University professor Geoffrey Coates. Central to Novomerís technology is the utilization of industrial by-products, such as carbon dioxide and carbon monoxide, to produce unique polycarbonates and polyesters. These materials have applications ranging from electronics and MEMS fabrication to adhesives and packaging.
Optimal Technologies (USA) Inc.
http://www.otii.com/
Optimal Technologies offers advanced, supply-side and demand-side management solutions targeted at the end-to-end optimization of power networks. We deliver efficiency, personalized customer empowerment, and value across every "touch point" in the supply, delivery, and use of electric energy. Our unique real-time optimization technologies and services enable lower cost, more reliable delivery with greater quality-of-power guarantees.
Providing advanced technologies for a more efficient, reliable, and environmentally responsible electric power grid is our passion -- not just our business.
Genomatica, Inc.
www.genomatica.com
Genomatica is an innovative biotechnology company that possesses proprietary technologies to transform the design, engineering, and manipulation of living cells for the production of valuable biological and chemical products. Genomatica is dedicated to developing and commercializing these high throughput research technologies to address metabolism-driven product opportunities in the chemical, material, energy, pharmaceutical, and other industries. As recognized industry leaders in systems biology with worldwide commercial partnerships, Genomatica is enabling and accelerating the development of its customersí bio-derived products and research programs. By implementing integrated computational/experimental platforms designed around its advanced award-winning modeling and simulation technologies, Genomatica performs research for its customers to rapidly develop next generation product development processes, and licenses proprietary technologies and intellectual property for use in its partners own laboratories. Genomatica is currently pursuing commercial relationships with major industrial biotechnology, chemical, energy and pharmaceutical companies seeking to leverage the power of systems biology for rapid development of biological and chemical products. For more information: www.genomatica.com.
Venture Capital Panelists
Battery Ventures LLP
www.battery.com
Panelist: David Dreessen, Partner
www.battery.com/people/dreessen.html
Since 1983, the Battery team has prided itself on avoiding the herd and on operating a little differently than other investors. We have been fortunate to back some very big thinkers who have also carved their own paths, and we continue to seek out new visionaries every day.
Our firm was founded on a set of principles that remain the pillars of our investment philosophy: a concentration on technology and related sectors; a research-centric methodology for identifying and understanding large, emerging market opportunities; a proactive approach to finding driven entrepreneurs and compelling businesses; and daily involvement with every portfolio company.
This approach has helped build lasting, market-leading companies while delivering leading returns for investors. We have been fortunate to work with individuals who have set out to push technology boundaries at companies such as: Akamai Technologies, Allegiance Telecom, FORE Systems, HNC Software, Infoseek, LIFFE, MetroPCS, Neoteris, Nextel, Pixelworks, Qtera, SigmaTel, Vastera, and Witness Systems.
Kleiner Perkins Caufield & Byers
www.kpcb.com
Panelist: David Wells
Since its founding in 1972, KPCB has backed entrepreneurs in over 475 ventures, including AOL, Align Technology, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI Logic, Sun Microsystems, Symantec, Verisign and Xilinx. More than 150 of the firmís portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions.
Mohr Davidow Ventures
www.mdv.com
Panelist: Marianne Wu, Partner
www.mdv.com/team.html
MDV invests in entrepreneurs creating businesses that address significant challenges and opportunities associated with Driving the Digital World, Personalizing Medicine and Powering the Planet. For nearly 25 years MDV has partnered with entrepreneurs, and taken a hands-on approach to architect and help build successful companies. MDV's team and the firm's extended network of industry experts bring years of real-world experience to accelerate each company's time to market and optimize its long-term success. The firm has $1.4 billion under management.
Among the many MDV funded companies that have gone public or been acquired are: Actuate; Agile; Auspex; Broadbase (KANA); Brocade; Epigram (BRCM); FormFactor; Freshwater Software (MERQ); Ipsilon Networks (NOK); Kalpana (CSCO); Numerical Technologies (SNPS); ONI Systems (CIEN); Pivotal Technologies (BRCM); Rambus; Vantive; Vitesse; and Zip2 (AltaVista).
TPG Growth
www.tpg.com
Panelist: Evan Lovell, Principal
TPG Growth represents more than $2 billion of capital and is focused on funding and growing technology, biotechnology and consumer companies utilizing several approaches including venture capital, growth equity, leveraged buyouts and private investments in public equities on a global basis. TPG Growth is the venture and growth arm of TPG, a leading global alternative investment firm founded in 1992 with approximately $30 billion under management. TPG Growth delivers the combined leverage of TPG's early stage growth and growth investing expertise with extensive resources to grow companies and has offices in the United States, China and India.
Rustic Canyon Partners
www.rusticcanyon.com
Panelist: Nate Redmond, Partner
www.rusticcanyon.com/team/nredmond.html
With over $800 million under management, Rustic Canyon Partners invests in venture capital stage and middle-market companies positioned for strong growth. We typically invest in private, growth stage companies that capitalize on opportunities created by technology change, market evolution, regulatory shifts or other factors. To date, we have invested in a broad array of technology-driven and middle-market companies in sectors such as communications, software, IT infrastructure, digital media, business and information services, materials science and efficient energy.



