News By Tag
News By Place
Top Venture Capitalist China Expert, Harry Edelson, at Golden Networking's China Leaders Forum 2013
Building off of the momentum of past conferences, Golden Networking brings back China Leaders Forum 2013 (ChinaLeadersForum.com), "Will the Chinese Dream Become Long-term Investors' Dream or Nightmare?", New York, October 1st.
Mr. Edelson is highly respected in both the technology and financial industries and is one of the most prominent and successful venture capitalists on the East Coast. Throughout his career, Mr. Edelson has been known for his energy and outsized results partly due to his unique background combining technology and Wall Street analyst experiences. Mr. Edelson was named an All Star Security Analyst by Institutional Investor magazine and was among the most quoted analysts on Wall Street. Mr. Edelson left Wall Street when the CEOs of ten of the world's largest multinational corporations (AT&T, Viacom, 3M, Ford Motor, Cincinnati Bell, Colgate-Palmolive, Reed Elsevier, Imation, Asea Brown Boveri and UPS) each in a different business, entrusted him with corporate rather than pension money to manage a series of strategic venture capital funds. Two additional prominent limited partners were Harbourvest and Wellcome Trust which entered the partnerships through secondary purchases. Mr. Edelson worked closely with the executive management of his corporate partners providing strategic assistance, consulting advice and contacts. Other venture capital funds managing equal sums often had four times the personnel and expenses of the Edelson Technology Partner funds (ETP). By way of contrast, Mr. Edelson voluntarily returned to the limited partners over 25% of management fees annually.
His venture capital performance over a 20-year span was rated number one of all venture capital firms in the Eastern United States by two of the four leading auditing firms. The annual return (IRR) for his funds averaged 27%, even through the disastrous stock market decline of 2000-2002. The Edelson Technology Partner funds were the first venture capital investor in ten early stage companies that grew to have market capitalizations of more than $1 billion and up to $30 billion. This was accomplished in part by Mr. Edelson's instigation and support of numerous M&A transactions. Mr. Edelson has served on 80 boards, 12 as chairman.
Mr. Edelson's career includes a long line of firsts. He was the first Wall Street analyst to combine coverage of computers, software and telecommunications. At that time, there was not even one buy side telecommunications analyst. He conducted the first video conference call on Wall Street bringing together CEOs and investors. Because of his background as a computer engineer and telecommunications engineer, and his innovative research on the confluence of computers and telecommunications, Mr. Edelson performed consulting assignments for more than 50 corporations. Before hedge funds were popular, he started a hedge fund for CEOs of technology companies and had positive results in a severely down market.
In March 2007, Mr. Edelson raised $40 million for a public Special Purpose Acquisition Company (SPAC) whose mandated goal was to merge with a Chinese company within two years. To complete the merger by the deadline in 2009, Mr. Edelson traveled to China 13 times in 18 months. His travels to numerous provinces in China entailed visits to 50 companies involved in diverse industries. In 2009, when many SPACs failed to complete their mergers and had to dissolve, Mr. Edelson completed a merger with a high-growth specialty thin steel company.
China Leaders Forum 2013 will provide attendees with the responses to the above-mentioned questions and the most up-to-date review of where the Asian giant stands and the challenges and opportunities for businessmen looking to expand their business with China when others only see growth contraction. Recognized experts, regulators, and strategists, will return to China Leaders Forum 2013 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking:
- Ann Lee, Author, What the U.S. Can Learn from China
- Crocker Coulson, President, CCG Investor Relations
- Dan David, Co-founder and Vice President, GeoInvesting
- Edgar Perez, Author, The Speed Traders, Knightmare on Wall Street
- Harry Edelson, Managing Director, Edelson Technology Partners
- James O'Neill, Managing Partner, Jin Niu Investment Management Ltd.
- Janet Stites, Publisher, China Business Knowledge
- John Allen, Chairman & CEO, Greater China Corporation
- Jonathan Krane, CEO, Harvest Krane
- Lisa Prager, Partner, Schulte Roth & Zabel
- Minggao Shen, Managing Director, Citigroup
- Ned Cloonan, Managing Director, Liberty Square Group
- Neng Wang, Chong Khoon Lin Professor of Real Estate, Columbia Business School
- Peter Halasz, Partner, Schulte Roth & Zabel
- Reuben Guttman, Director, Grant & Eisenhofer
- Robert Vambery, Professor of International Business, Lubin School of Business
China Leaders Forum 2013 is produced by Golden Networking (www.goldennetworking.net)
Media Relations Coordinator