SVB Financial Group recently hosted a panel discussion titled How Venture Capital Works. The panelists discussed the relationships, decisions, and economics that drive venture capital.

The panel included participants representing the three key roles in VC industry dynamics:

Bryan Roberts, Ph.D. — Partner with Venrock, a leading venture capital firm

Judith Elsea — Co-Founder and Managing Director of Weathergage Capital, a fund-of-funds and limited partner in venture capital investing

John Mendlein, Ph.D. — Chairman of Fate Therapeutics, an emerging company backed by venture funding.

Michael Hanewich moderator and Head of Silicon Valley Banks Life Sciences East practice.