SVB Financial Group Invests in InsideVenture

Company news  |  February 24, 2009

Menlo Park, Calif. - February 24, 2009 - InsideVenture, Inc. today announced that SVB Financial Group has made a capital investment and also signed on as the Presenting Sponsor of its upcoming investor conference March 25-26 in Santa Barbara, Calif. With the investment, Silicon Valley Bank Vice Chairman Harry Kellogg will become an advisor to InsideVenture's Corporate Board, formalizing his year-long role as a strategic partner.

"Our investment in InsideVenture is part of our effort to support the health and success of venture-backed startups in this challenging economic environment," said Harry Kellogg, vice chairman of Silicon Valley Bank. "For the past 25 years SVB has been a partner to entrepreneurs and their investors. We believe that InsideVenture provides a valuable and unmatched service to entrepreneurs of late-stage companies that have few avenues available today to access the capital required to continue to grow."

In 2008 the IPO market was virtually "closed" to private, venture-backed companies with only seven venture-backed IPOs for the year. The institutional investors and fund managers who generally seek long-term investments in these newly public companies found few opportunities to do so. Venture-backed, private companies were also challenged to find new avenues to raise capital and find liquidity with the closure of the IPO market. Venture capital and buy-side investment leaders worked together with InsideVenture to create immediate opportunities for established venture-backed growth companies to develop pre-IPO relationships and facilitate late-stage financings with long-term qualified institutional buyers (QIBs).

"We are honored to have SVB Financial Group's funding and support to create a direct private market for investments in the next generation of innovative growth companies. SVB has been an outstanding partner in helping us create a market solution that will accelerate and maximize venture-backed companies' contributions to U.S. economic growth," said Mona DeFrawi, CEO of InsideVenture. "InsideVenture has already received nominations for over 150 top late-stage companies to participate in our March 2009 investor conference and online platform. The addition of SVB Financial Group's Presenting Sponsorship of the InsideVenture Investor Conference helps guarantee it will be the largest investment-focused gathering of venture-backed, pre-IPO companies anywhere."

InsideVenture Investor Conference - March 25-26, Santa Barbara, Calif.
50 of the best late-stage private healthcare and technology companies seeking to raise $20-200M or pre-IPO exposure will present their businesses to qualified institutional buyers (QIBs), including mutual fund managers, private equity funds and strategic corporate investors. Investors interested in attending the conference may apply for a trial membership in InsideVenture; the conference is exclusive to members and by invitation only. The theme of this year's conference is Investing in Innovation: Innovation in Investing. Investors should contact InsideVenture today to apply for membership and an invitation to the InsideVenture Investor Conference, March 25-26, 2009 in Santa Barbara, California.

About InsideVenture
InsideVenture is an industry sponsored financial marketing utility creating a direct private market platform for institutional and strategic investment in late-stage private companies. InsideVenture's exclusive vetting and membership requirements connect the best late-stage venture-backed companies with revered long-term institutional and strategic investors to facilitate late-stage transactions, IPO participation and aftermarket support. InsideVenture is supported by investment leaders like T. Rowe Price, Wasatch Advisors, SVB Financial Group, Intralinks Corporation, New Enterprise Associates, Domain Associates, DCM, Venrock Associates, Versant Ventures, Frazier Healthcare Ventures, Clarus Ventures, and Aisling Capital among others. InsideVenture is based in Menlo Park, California and on the web at www.insideventure.com.

About SVB Financial Group
For 25 years, SVB Financial Group and its subsidiaries, including Silicon Valley Bank, have been dedicated to helping entrepreneurs succeed. SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital/private equity and premium wine industries. Offering diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services, SVB Financial Group provides clients with commercial, investment, international and private banking services. The company also offers funds management, broker-dealer services, asset management and a wide range of financial services for companies of all sizes and stages, as well as the added value of its knowledge and networks worldwide. Headquartered in Santa Clara, California, SVB Financial Group operates through 27 offices in the U.S. and five internationally in China, India, Israel and the United Kingdom. More information on the company can be found at www.svb.com.

Banking services are provided by Silicon Valley Bank, the California bank subsidiary and commercial banking operation of SVB Financial Group, and a member of the FDIC and the Federal Reserve. SVB Financial Group is also a member of the Federal Reserve.

InsideVenture Conference & Membership Contact:
Benjamin Levy, Vice President
650.926.0661
blevy@insideventure.com

InsideVenture Media Contact:
Matthew Stotts
TENOR
415.786.2231
matthew@tenorcom.com

SVB Financial Group Media Contact:
Carrie Merritt
Director of Public Relations
503.574.3705
cmerritt@svb.com