telesoft partners venture capital year in review october 20 2003 www telesoftvc com page 2 contents i agenda & introduction 3 16 18 34 36 38 40 48 50 54 v key initiatives value proposition iv pricing dynamics future exits theory ii macro environment opportunities iii private equity industry returns morning keynotes arjun gupta it spending intel architecture stephen minton idc mark christensen service provider issues trends dean douglas ibm sureel choksi level michael rouleau time warner telecom carl russo calix afternoon enterprise ammar hanafi cisco dennis grant creekpath roland wolfram nike kris hagerman veritas consumer markets bill raduchel ex aol doug garland yahoo george polk the cloud paul deninger broadview int l robert buxton cibc danaher wsgr 4 handouts keynote speaker bios newsletter q3 company summaries irr data disclosed by calpers calstrs utimco university of california michigan and washington state overview
