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G A I A V E N T U R E S
Investing In and Accelerating the Growth and Development of Clean Technology
and Energy Companies
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Agenda
• Who Are We?• Objectives• Investment Focus• Investment Strategy• Investee Criteria• Gaia -- a Value-Added Investor• Gaia Business Plan• Fund Summary
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Who Are We?• Bruce Jackson, Managing Director – Fund Management & Administration
– 30+ years’ experience in all aspects of deal execution and emerging company advisory work as well as fund management and administration
• Edward Kamerer, Strategic Advisor & Co-Chairman of the Advisory Board– Deep, broad expertise and 35+ years’ experience in the energy industry
• Arthur Kressner, Strategic Advisor & Co-Chairman of the Advisory Board– Deep, broad expertise and 40+ years’ experience in the energy industry; holder of
significant energy-related patents• Franklin Madison, Managing Director, Business & Strategic Development
– 30+ years’ experience in the technology field, with particular focus on the CleanTech sector and early stage / emerging companies
• Ib Olsen, Ph.D., Managing Director, Chief Technology Officer– Scientist, entrepreneur, holder of numerous patents; 20+ years’ experience in
CleanTech; advisor to companies and universities
See Appendix for detailed biographies.
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Objectives
• Establish a venture capital investment-management company focused on Energy and CleanTech
• Harness deep vertical expertise, experience, and contacts -- not just “deal making” expertise
• Secure investor interest, initially for “club” deals, to be followed by a committed fund
• Deliver investors a superior risk-adjusted return
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Investment FocusSectors• Energy (including storage solutions, energy efficiency)
• Smart Grid• Clean Tech (alternative energy, pollution, recycling, power supplies, conservation)
• Software; Information Technology / Systems• Urban Sustainability / Urban Distributed Generation• Materials; LEEDS Building Systems• Water Management, Purification, and Preservation
Geography• North America (preference for eastern half)
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Investment Strategy
• Focus on sectors where Gaia has deep expertise and extensive contacts and relationships
• Invest in early and growth stage companies -- up to $5 - $10 million over life of investment
• Make a limited commitment to seed/start-up opportunities -- initial investment < $1 million
• Co-invest with other funds and capital sources– Strong investor syndicates mitigate risk and bring
additional non-financial resources to the table
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Investee Criteria
• Has the “right” (first) customers
• Can attract strategic and/or other non-equity investment
• Has strong intellectual property position
• Has products / services with potential for mass commercialization and adoption
• Unique service / turn-key business model– Integrators of proven or new technologies with new business models
• New business models and financing
• Capital efficient (no project finance)
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Gaia -- a Value-Added Investor• Strong, seasoned team with deep, broad expertise and
experience in the sector. . . • managing operating companies in the energy sector• assisting early stage and growth-stage companies on technical,
commercial, strategic, management, financial, and governance issues• securing grants and public funds to leverage private investment capital• working with university technology transfer offices to commercialize
technologies • Robust deal flow
– Wide-ranging, long-standing relationships generate deal flow…… perhaps unique/proprietary
– Team has ~ 150 years of collective involvement in relevant areas• Extensive relationships in the VC community• Regional, national, and global relationships in industry,
government, university, and financial quarters
Gaia Business PlanSimultaneously pursue a “club” approach to investing while
marketing and securing commitments for a committed fund:
• Begin investing based on in-principle commitments by “club” members
• Lead “club” member(s) commit(s) to underwrite manager’s expenses (budget based, not percentage based) during “club”phase
• Secure an anchor LP for Gaia Ventures I• Pursue LP commitments for fully committed fund• Upon closing a committed fund, “club” investments are
rolled into the fund, if “club” investors wish
Fund Summary
• Fund Name: Gaia Ventures I
• Maximum Size: $100 million
• General Partner: Gaia Management, LLC
• Managers: Bruce Jackson, Franklin Madison, Ib Olsen
• Advisory Board Chairs: Edward Kamerer, Arthur Kressner
• Management Fee: 2% (subject to adjustment based on fund size)
• Carried Interest: 20%
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APPENDICES
Bruce Jackson• Bruce Jackson is the President, Chief Executive Officer, and Founder of Carver Cross Securities Corp., a
New York-based investment-banking firm. Carver Cross is a broker/dealer registered with the Securities and Exchange Commission and member of the Financial Industry Regulatory Authority and the SIPC.
• Mr. Jackson has thirty years of Wall Street experience. Prior to founding Carver Cross in 1993, Mr. Jackson spent twelve years in the Corporate Finance Department of Brown Brothers Harriman & Co. He began his career as executive assistant to Mr. Robert V. Roosa, Partner of Brown Brothers and former Under Secretary of the U.S. Treasury for Monetary Affairs.
• Mr. Jackson is highly experienced in arranging and negotiating corporate sales, mergers, acquisitions, private financings, and joint ventures. He has assisted dozens of corporations and investors, both institutional and individual, from around the world, and has completed transactions valued at more than $4 billion. As a principal, he has raised, managed, and administered a $325 million private equity fund.
• Mr. Jackson’s significant international experience includes arranging cross-border private financings; structuring and negotiating complex, cross-border joint ventures; and negotiating and effecting cross-border mergers/acquisitions, including those involving the purchase or sale of U.S. companies by foreign corporations.
• Mr. Jackson is a U.S. citizen and has lived overseas and traveled widely throughout Europe and Asia. He speaks German.
• Mr. Jackson earned a Bachelor of Arts degree at Princeton University and a Master’s at Johns Hopkins University’s Paul Nitze School of Advanced International Studies. He also holds an Advanced Professional’s Certificate in corporate finance from the New York University Graduate School of Business Administration.
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Edward Kamerer• Edward Kamerer has been employed by Con Edison of New York, Inc. for the past 35 years. He is broadly
experienced in most operational and managerial aspects of Con Ed’s business, including new-customer construction projects (engineering the electric, gas, and steam service required to meet the customer’s load requirements while coordinating Con Ed’s forces and the customer’s/developer’s construction teams), customer relationship management (between Con Ed and Fortune 500 companies, major real-estate owners, financial institutions, and emergency health and hospital organizations), disaster response and power-disruption planning and management.
• Mr. Kamerer has been Con Edison’s designated point liaison officer and first-responder for the past 20 years. In this role, he evaluates the effects of an incident on the City’s infrastructure and how best to respond to the specific impact of this incident as it relates to residents’ and commercial industries’ daily operations. Mr. Kamerer is widely acknowledged as an expert in crisis management response as it relates to infrastructure and communication issues. He authored Con Ed’s first-responder guide to damage assessment and critical communication during major events, a document that has been adopted by most utilities on the East Coast.
• Mr. Kamerer was selected to assist in the coordination of all utility infrastructure planning and implantation for all new building construction and street reconstruction projects to support Lower Manhattan Reconstruction effort. His appointment was recommended by Con Edison’s chairman, and approved by the Mayor of New York City and the Governor of New York State. He is also member of the Infrastructure Working Group for NY State Emergency Management.
• Mr. Kamerer holds a B.S. from Manhattan College in Organizational Management.
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Arthur Kressner• Arthur Kressner is the Director of Research and Development, Power Supply, at the Consolidated Edison
Company of New York, Inc., where he is responsible for developing and managing R&D for Con Edison and Orange and Rockland Utilities. He manages a program developing technology for electricity transmission, distribution, control center operations, substations, customer operations and energy efficiency.
• He is focused on the development and demonstration of new power delivery equipment, software models, sensors, feasibility and engineering studies. Among his responsibilities during his career at Con Edison have been the Chief Chemical Engineer and Plant Manager of Arthur Kill and Ravenswood Power Generating Stations.
• Mr. Kressner has been in leadership roles at local, state and national levels in areas of energy policy, energy efficiency, customer end-use and various national energy, environmental and public health programs. Artie is a co-author of ”Computer-Aided Lean Management for The Energy Industry”, a book relating the application of lean management principles and advance machine learning and analytical tools to the energy industry and the smart grid as well as authored and co-authored many papers related to energy efficiency, information technology, management and computer modeling. He has several awarded patents regarding charging electric vehicles as well as patents pending related to other inventions. He is a graduate engineer with a Bachelor degree from Brooklyn Polytechnic and Masters from New York University.
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Franklin Madison
• As Managing Director of Technology Programs at the Industrial and Technology Assistance Corporation of New York he is responsible for the strategic development and implementation of new initiatives to grow high-technology firms in NYC. Madison is a trusted advisor to CEOs of high tech companies in areas as diverse as cleantech, virtualization and defense technologies.
• Madison’s venture capital experience on the advisory boards of Greenhills Ventures LLC; SJF Advisory Services; SpringLab and recently as a founding member of NYCSeed an early stage fund targeting software developers.
• Franklin has served as Secretary/Treasurer of Games 4Change, Inc. who forges links between the electronic and casual game industry to benefit education, training, health, and public policy. Franklin has served on the Board of Directors for battery technology market entrant Gaia Power Technologies and currently sits on the Boards of EcoLogic Solutions and Sollega; both cleantech startups in NYC and is an advisor to EnergyHubwhich was named a Best Invention of 2009 by Time Magazine
• In 2001 Madison was named one of Crain’s Tech 100, a listing of the Top 100 individuals in technology in New York City as chosen by Crain’s NY Business. He has provided advise to the City, State and Universities on technology based economic development (TBED) and has served on Mayor BloombergsTelecommunications Policy Advisory Group.
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Dr. Ib I. Olsen• Dr. Olsen is an authority in the field of CleanTech, with the focus on energy storage, advanced
battery and fuel cell development, integration of renewable energy, UV-treatment, and gasification. He is an invited speaker at trade conferences and he has authored more than 20 papers and scientific publications. Dr. Olsen’s groundbreaking work in UV-treatment and the battery and fuel cell technology field has awarded him more than 30 patents.
• Dr. Olsen has formulated and implemented market strategies for Fortune 500 companies, and he has implemented various scale-up and commercialization concepts for CleanTech products within Fortune 500 companies and various successful start-ups.
• Currently, Dr. Olsen provides business strategy and market research to a wide range of companies including several on the Fortune 500 list. He also consult with financial institutions about the general CleanTech industry and especially around renewable energy, energy storage and fuel cells, plus he review business plans as an external advisor for several entities.
• Previous employment includes Gaia Power Technologies, eVionyx, Saft America and Valence Technology.
• Dr. Olsen holds a Ph. D. in Chemistry from the University of Odense in Denmark and a M.Sc. in Chemical Engineering from Denmark’s Technical University.
Mentoring and Operational Experience – CleanTech Space
Gaia Ventures
Company Location Business Area
Gaia Power TechnologiesNew York, NYPeekskill, NY
Smart GridResidential Energy Storage
EnergyHub Brooklyn, NY Smart Grid Energy Management Tools
SollegaSan Francisco, CA
New York, NY Solar Mounting Systems
Energy Products Group Asper, Belgium Infrared Heating Appliances
Gotham Energy Trade and Transportation, Inc
New York, NY Raw Material and Commodities
EnCADIS Design, Inc Middletown, NJ Electronic Products Design
Crystal Window & Door Systems Flushing, NY Energy Efficient Building Components
Helios Energy Systems, Ltd. Flushing, NY Building Integrated PV
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