enmi at idgventures.com
01-21-2003, 05:26 PM
Thanks to everyone who has been contributing to the list. It's proven to
be a great way to gain visibility into the challenges faced by different
organizations around the country, if not the world. The sharing of
resources and leveraging of past experiences is as inspiring as it is
efficient.
I'm chiming in now to see if the list can help me gain traction in
exploring new opportunities. My name is Enmi Sung, and I am currently an
Associate with IDG Ventures, an early-stage, for-profit venture capital
firm in San Francisco. I've been in the venture capital industry for the
four years since graduating from college, but am shifting gears and
exploring opportunities in community development organizations in the San
Francisco Bay Area. While I've tremendously enjoyed the macro views of
multiple markets and industries and of the organizational and strategic
developments of emerging companies that have been afforded by working with
two hi-tech investment firms, I would now like to become actively engaged
in helping to apply disciplined business principles to benefit our
society-at-large.
I've attached my resume to provide further context about me. For those of
you who are interested, below is some additional background on me. Thank
you in advance for reviewing my submission and forwarding it along to any
colleagues in your organization or elsewhere who may want to start a
dialogue with me directly off-line.
Regards,
Enmi.
Email: esung@post.harvard.edu
__________________________________________
Given my personal background I've always felt a responsibility to help
translate my own opportunities to likewise create them for others. Though
working alongside my dad in our family drycleaners in New York City during
high school certainly didn't feel like a lifetime opportunity at the time,
many years later I see now the invaluable opportunity for me was in being
able to witness the sustainability possible when given an opportunity to
engage one's spirit and sweat in even the smallest venue. Having witnessed
the transformative power of capital in private venture markets for several
years, I believe that economic discipline can best serve as the foundation
for creating and sustaining scalable opportunities. What had drawn me to
venture capital was an affinity to entrepreneurship ? the pursuit of going
from concept to execution, with all its associated logistics, strategy, and
sweat. I very much hope to help to support the independent
enterprise-building efforts of others, not so unlike those through which my
family and I had established our lives here in the States.
I believe my background and experience to date would well-serve the mission
and programmatic needs of New America. Throughout my career in the private
sector, I've remained involved with various organizations in the Bay Area
that serve communities in socially innovative ways. One such group for
which I've been serving as an advisor is the Oakland Advisors, dedicated to
providing advisory services, including growth and business development
strategy, from seasoned corporate and civic leaders to community-minded
entrepreneurs. Given the organization's limited resources, my
contributions along many fronts have been welcomed, particularly as a
sounding board about interfacing with the entrepreneurial and investor
communities. Shortly after its inception, I had also volunteered with the
newly formed Legal Services for Entrepreneurs program of the Lawyers'
Committee for Civil Rights. Working with its sole Staff Attorney, I was
able to contribute substantially by rewriting the criteria for the client
profile we would accept and prioritizing the parameters by which we would
track successful client placements. I also drafted rosters of potential
partner organizations and participated in introductory meetings. My
extensive experience in executing due diligence and market evaluations for
for-profit investment-making disciplines with my investment firms will
translate well into my ability to provide both keen quantitative and
qualitative analysis of data and research and to independently guide and
manage various projects and personnel. Additionally, my language skills
include both Spanish and Korean. My instruction in Spanish includes more
than six years of formal instruction and several months' residency in
Mexico where I studied and also volunteered with a government agency (DIF:
Desarollo para la Integracion de la Familia) as an English teacher to
fifteen adult students. Here in San Francisco, I've been engaged in
language exchange with a Peruvian-American woman entrepreneur who runs her
own herbal and vitamin store in the outer Mission. I had connected with
her through the help of the Women's Initiative, a group that provides
low-income women with comprehensive training to run their own businesses.
Perhaps most importantly, I am able to connect with, and relate to, persons
with very differing backgrounds and positions on an
individual-to-individual level, no doubt stemming from my exposure to
varying backgrounds and social circles as an immigrant studying, living,
and working with many types of people in NYC, and supplemented by numerous
diverse educational and social service/volunteer contexts.
_________________________________________
Experience
IDG Ventures, San Francisco, CA (7/01-Present)
Associate ? Investment team in $600M global family of early-stage funds
· Map landscape of addressable markets, growth drivers, competition,
sector comparable valuations, industry M&A momentum
· Execute due diligence reference calls with supply vendor, clients,
potential partners, industry and research analysts
· Construct liquidation and exit analysis of potential investment and
existing portfolio companies with variables of paid-in capital amount, M&A
valuations, liquidation preferences, projected revenue, guidance sector
multiples
· Manage reporting of portfolio companies' performance, variance from
budget, venture market industry trends, analysis of firm dealflow, for
quarterly Advisory Board meetings
· Spearheaded due diligence materials for $3M investment in MicroCHIPS, an
implantable controlled-release drug delivery platform technology from MIT.
As sole Associate on deal, executed on market mapping, liquidation and exit
analysis, diligence calls with pharma partners, analysis of public
comparables' valuations, comparable M&A transactions, examination of
assumptions driving product development timeline and capital need
projections. Resulting binder of diligence analysis and investment
recommendation expedited syndicate of 4 co-investor funds in oversubscribed
$16M round.
· Independently created a 49-slide presentation of the home-networking and
-entertainment industries on behalf of partnership to establish criteria
for potential investment opportunities. Included an overview of industry
typology, key issues, and dynamics, concluded with specific investment
thesis.
· Extensive market and customer due diligence on: Mediabolic, networking
middleware and applications for entertainment devices and networking
hardware; Netbrowser, remote monitoring and management of enterprise
mission-critical facilities and environment; Synchron Networks, software
for file and applications development and deployment for networked devices;
Qiva, software for global logistics and trade management; TimeLogic,
turnkey system for accelerating common bioinformatics algorithms to
drastically improve hardware economics of drug discovery efforts.
Boston Millennia Partners, Boston, MA (6/99-1/01)
Associate, Analyst - Investment team in expansion-stage fund with $700M
under management
· Industry, client, management due diligence for $4M Series D investment
in Totality, a complete outsourced solutions provider for
transaction-intensive e-commerce sites.
· Market sizing of outsourced clinical trial research for $3M Series B
lead investment in Personal Health Technologies, managed support tools and
services for pharmas and CRO's.
· Independently authored firm's Standard Operating Procedures, protocol
for investment triage, assessment, and portfolio monitoring.
· Focus on and proactively source deals in enterprise human capital
management software opportunities; initiate ongoing dialogues with trade
experts and analysts, track industry developments; map out potential M&A
synergies between public/private players.
Education
Harvard University, Cambridge, MA - 1999
· College Board Writing 800; Math II 770. SAT Verbal 760; Math 720.
Major GPA/GPA 3.7/3.6
· AB Government. Graduated in 3 years. Harvard College Scholarship for
academic achievement of high distinction.
· JFK School of Government Institute of Politics Grant, funding think tank
internship to examine economics of deregulation.
· Harvard Civil Rights Project ? Helped to draft mission statement and
$350K grant proposal; critical analysis of leadership programs.
Phillips Exeter Academy, Exeter, NH - 1995
AP Scholar with Distinction. Early Cum Laude. Negley Prize for Year's
Best History Essay. Blackmar Award for History.
Commitments
· Advisor, Oakland Advisors, counsel to coordinator of organization
offering business advisory services to entrepreneurs operating local
Oakland inner city companies committed to local labor hiring and community
reinvestment
· Executive Committee, NextGen Partners, plan and secure corporate
sponsorship for networking events for membership base of 200+ Bay Area
pre-Partner venture professionals
· Harvard College Admissions Alumni Interviewer
· English Tutor for Peruvian woman entrepreneur
· Legal Services for Entrepreneurs (Lawyers' Committee for Civil Rights) ?
2/01 to 7/01
· Adult GED Tutor ? 7/99 to 1/01
Published Writer
· Reporter, [itvt] (weekly interactive TV industry news resource read by
executives in 100+ countries)
· Restaurant Reviewer, SF Station (independent San Francisco city and arts
guide)
· "The Costly Victory of the League of Nations," The Concord Review (Fall
1994)
· "The Present Glory," Merlyn's Pen (April/May 1995)
Languages Spanish (studied abroad in Mexico, 6 years instruction, ongoing
language exchange); Korean
Interests Community-focused and sustainable economic development; civil
rights; running; mountain biking; hiking
This post transferred from the cdb-l mailing list
be a great way to gain visibility into the challenges faced by different
organizations around the country, if not the world. The sharing of
resources and leveraging of past experiences is as inspiring as it is
efficient.
I'm chiming in now to see if the list can help me gain traction in
exploring new opportunities. My name is Enmi Sung, and I am currently an
Associate with IDG Ventures, an early-stage, for-profit venture capital
firm in San Francisco. I've been in the venture capital industry for the
four years since graduating from college, but am shifting gears and
exploring opportunities in community development organizations in the San
Francisco Bay Area. While I've tremendously enjoyed the macro views of
multiple markets and industries and of the organizational and strategic
developments of emerging companies that have been afforded by working with
two hi-tech investment firms, I would now like to become actively engaged
in helping to apply disciplined business principles to benefit our
society-at-large.
I've attached my resume to provide further context about me. For those of
you who are interested, below is some additional background on me. Thank
you in advance for reviewing my submission and forwarding it along to any
colleagues in your organization or elsewhere who may want to start a
dialogue with me directly off-line.
Regards,
Enmi.
Email: esung@post.harvard.edu
__________________________________________
Given my personal background I've always felt a responsibility to help
translate my own opportunities to likewise create them for others. Though
working alongside my dad in our family drycleaners in New York City during
high school certainly didn't feel like a lifetime opportunity at the time,
many years later I see now the invaluable opportunity for me was in being
able to witness the sustainability possible when given an opportunity to
engage one's spirit and sweat in even the smallest venue. Having witnessed
the transformative power of capital in private venture markets for several
years, I believe that economic discipline can best serve as the foundation
for creating and sustaining scalable opportunities. What had drawn me to
venture capital was an affinity to entrepreneurship ? the pursuit of going
from concept to execution, with all its associated logistics, strategy, and
sweat. I very much hope to help to support the independent
enterprise-building efforts of others, not so unlike those through which my
family and I had established our lives here in the States.
I believe my background and experience to date would well-serve the mission
and programmatic needs of New America. Throughout my career in the private
sector, I've remained involved with various organizations in the Bay Area
that serve communities in socially innovative ways. One such group for
which I've been serving as an advisor is the Oakland Advisors, dedicated to
providing advisory services, including growth and business development
strategy, from seasoned corporate and civic leaders to community-minded
entrepreneurs. Given the organization's limited resources, my
contributions along many fronts have been welcomed, particularly as a
sounding board about interfacing with the entrepreneurial and investor
communities. Shortly after its inception, I had also volunteered with the
newly formed Legal Services for Entrepreneurs program of the Lawyers'
Committee for Civil Rights. Working with its sole Staff Attorney, I was
able to contribute substantially by rewriting the criteria for the client
profile we would accept and prioritizing the parameters by which we would
track successful client placements. I also drafted rosters of potential
partner organizations and participated in introductory meetings. My
extensive experience in executing due diligence and market evaluations for
for-profit investment-making disciplines with my investment firms will
translate well into my ability to provide both keen quantitative and
qualitative analysis of data and research and to independently guide and
manage various projects and personnel. Additionally, my language skills
include both Spanish and Korean. My instruction in Spanish includes more
than six years of formal instruction and several months' residency in
Mexico where I studied and also volunteered with a government agency (DIF:
Desarollo para la Integracion de la Familia) as an English teacher to
fifteen adult students. Here in San Francisco, I've been engaged in
language exchange with a Peruvian-American woman entrepreneur who runs her
own herbal and vitamin store in the outer Mission. I had connected with
her through the help of the Women's Initiative, a group that provides
low-income women with comprehensive training to run their own businesses.
Perhaps most importantly, I am able to connect with, and relate to, persons
with very differing backgrounds and positions on an
individual-to-individual level, no doubt stemming from my exposure to
varying backgrounds and social circles as an immigrant studying, living,
and working with many types of people in NYC, and supplemented by numerous
diverse educational and social service/volunteer contexts.
_________________________________________
Experience
IDG Ventures, San Francisco, CA (7/01-Present)
Associate ? Investment team in $600M global family of early-stage funds
· Map landscape of addressable markets, growth drivers, competition,
sector comparable valuations, industry M&A momentum
· Execute due diligence reference calls with supply vendor, clients,
potential partners, industry and research analysts
· Construct liquidation and exit analysis of potential investment and
existing portfolio companies with variables of paid-in capital amount, M&A
valuations, liquidation preferences, projected revenue, guidance sector
multiples
· Manage reporting of portfolio companies' performance, variance from
budget, venture market industry trends, analysis of firm dealflow, for
quarterly Advisory Board meetings
· Spearheaded due diligence materials for $3M investment in MicroCHIPS, an
implantable controlled-release drug delivery platform technology from MIT.
As sole Associate on deal, executed on market mapping, liquidation and exit
analysis, diligence calls with pharma partners, analysis of public
comparables' valuations, comparable M&A transactions, examination of
assumptions driving product development timeline and capital need
projections. Resulting binder of diligence analysis and investment
recommendation expedited syndicate of 4 co-investor funds in oversubscribed
$16M round.
· Independently created a 49-slide presentation of the home-networking and
-entertainment industries on behalf of partnership to establish criteria
for potential investment opportunities. Included an overview of industry
typology, key issues, and dynamics, concluded with specific investment
thesis.
· Extensive market and customer due diligence on: Mediabolic, networking
middleware and applications for entertainment devices and networking
hardware; Netbrowser, remote monitoring and management of enterprise
mission-critical facilities and environment; Synchron Networks, software
for file and applications development and deployment for networked devices;
Qiva, software for global logistics and trade management; TimeLogic,
turnkey system for accelerating common bioinformatics algorithms to
drastically improve hardware economics of drug discovery efforts.
Boston Millennia Partners, Boston, MA (6/99-1/01)
Associate, Analyst - Investment team in expansion-stage fund with $700M
under management
· Industry, client, management due diligence for $4M Series D investment
in Totality, a complete outsourced solutions provider for
transaction-intensive e-commerce sites.
· Market sizing of outsourced clinical trial research for $3M Series B
lead investment in Personal Health Technologies, managed support tools and
services for pharmas and CRO's.
· Independently authored firm's Standard Operating Procedures, protocol
for investment triage, assessment, and portfolio monitoring.
· Focus on and proactively source deals in enterprise human capital
management software opportunities; initiate ongoing dialogues with trade
experts and analysts, track industry developments; map out potential M&A
synergies between public/private players.
Education
Harvard University, Cambridge, MA - 1999
· College Board Writing 800; Math II 770. SAT Verbal 760; Math 720.
Major GPA/GPA 3.7/3.6
· AB Government. Graduated in 3 years. Harvard College Scholarship for
academic achievement of high distinction.
· JFK School of Government Institute of Politics Grant, funding think tank
internship to examine economics of deregulation.
· Harvard Civil Rights Project ? Helped to draft mission statement and
$350K grant proposal; critical analysis of leadership programs.
Phillips Exeter Academy, Exeter, NH - 1995
AP Scholar with Distinction. Early Cum Laude. Negley Prize for Year's
Best History Essay. Blackmar Award for History.
Commitments
· Advisor, Oakland Advisors, counsel to coordinator of organization
offering business advisory services to entrepreneurs operating local
Oakland inner city companies committed to local labor hiring and community
reinvestment
· Executive Committee, NextGen Partners, plan and secure corporate
sponsorship for networking events for membership base of 200+ Bay Area
pre-Partner venture professionals
· Harvard College Admissions Alumni Interviewer
· English Tutor for Peruvian woman entrepreneur
· Legal Services for Entrepreneurs (Lawyers' Committee for Civil Rights) ?
2/01 to 7/01
· Adult GED Tutor ? 7/99 to 1/01
Published Writer
· Reporter, [itvt] (weekly interactive TV industry news resource read by
executives in 100+ countries)
· Restaurant Reviewer, SF Station (independent San Francisco city and arts
guide)
· "The Costly Victory of the League of Nations," The Concord Review (Fall
1994)
· "The Present Glory," Merlyn's Pen (April/May 1995)
Languages Spanish (studied abroad in Mexico, 6 years instruction, ongoing
language exchange); Korean
Interests Community-focused and sustainable economic development; civil
rights; running; mountain biking; hiking
This post transferred from the cdb-l mailing list