SiBEAM, Inc. CEO, John LeMoncheck, to Present at InsideVenture’s Debut Investor Conference
Company Selected as One of Top 50 Private Companies Showcased from Over 170 nominations
Sunnyvale, Calif. – March 17, 2009 – SiBEAM, the leading innovator of millimeter wave (mmWave) solutions and developer of high-speed wireless communication platforms, today announced that SiBEAM President and Chief Executive Officer, John LeMoncheck will present at InsideVenture’s Debut Conference, March 25-26, 2009 in Santa Barbara, California. SiBEAM has been selected from over 170 nominations to be one of 50 top private companies showcased to long-term investors through presentations and 1-on-1 meetings at the invitation only conference. SiBEAM is the first to produce 60GHz wireless chipsets with a data rate of 4 gigabits per second using standard CMOS manufacturing processes. As a founding member of the WirelessHD™ Consortium, SiBEAM is the leader in driving the architecture and semiconductor implementation for the wireless distribution and presentation of uncompressed, lossless high-definition content in the consumer electronics market.
InsideVenture’s Selection Board includes founders and partners of leading venture firms including NEA, Venrock, DCM, Domain, Frazier, Clarus, Oak Investment, Aisling, and Versant. Over 130 investors are represented in the companies selected to present at this year’s conference.
“We are honored to support SiBEAM in their private funding efforts through our online platform and at our debut transactional conference in Santa Barbara,” said Mona DeFrawi, Chief Executive Officer of InsideVenture. “InsideVenture was created as a powerful and cost-effective platform to support the companies that grow our economy by facilitating their late stage and pre-IPO financing needs. Structural changes in the capital markets over the past 10 years have blocked the real path to economic growth by challenging the financing of the companies delivering valuable new products, jobs and profits for the world economy. These top 50 companies have invested in innovation, and now InsideVenture is innovating the investment process to support their continued growth”
“SiBEAM is pleased to be invited and participate in InsideVenture’s new financing platform. It provides an efficient means to access and build relationships with a number of high quality private investors,” said John LeMoncheck, SiBEAM president and chief executive officer.
SIBEAM is one of 50 top, late-stage private healthcare and technology companies seeking to raise $20-200+M or establish and develop relationships with new investors prior to an eventual IPO. The companies will present their businesses to qualified institutional buyers (QIBs), including mutual fund managers, crossover funds, late stage VC & PE funds and strategic corporate investors. Investors interested in attending the conference may apply for an InsideVenture trial membership; the conference is exclusive to members and by invitation only. 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 SiBEAM, Inc.
Founded in 2004, SiBEAM is a fabless semiconductor company developing intelligent millimeter wave technologies and leveraging the latest manufacturing methods to meet the demand for high-bandwidth services. SiBEAM is the first to build 60 GHz chipsets using CMOS technology. The first of many applications for SiBEAM’s innovative technology is based on WirelessHD™. As a founding member of the WirelessHD™ Consortium, SiBEAM is a leader in driving the architecture and semiconductor implementation for the distribution and presentation of high-definition content in the consumer electronics and personal computing markets. For more information please visit: www.sibeam.com.
Stearns Johnson Communications
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 and partners like T. Rowe Price, Wasatch Advisors, SVB Financial Group, NYSE, Alexandria Equities, 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
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