Your SlideShare is downloading. ×
0
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Halo Report 2013 Year in Review
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Halo Report 2013 Year in Review

4,288

Published on

The 2013 Halo Report finds angel investment activity on the rise with more high-valuation deals closed in 2013 than in 2012. While median round sizes held steady at $600K per deal, they were at a …

The 2013 Halo Report finds angel investment activity on the rise with more high-valuation deals closed in 2013 than in 2012. While median round sizes held steady at $600K per deal, they were at a three year high when angels co-invested with non-angels. The share of angel investment in Internet, healthcare and mobile startups continued to increase. Golden Seeds, Tech Coast Angels, and Houston Angel Network, which is new to the list, were the three most active angel groups in 2013. With a continued progression toward more even distribution of investments nationally, entrepreneurs throughout the country are likely to find it easier to access angel investors for critical early stage funding. The Halo Report, put together by the Angel Resource Institute, Silicon Valley Bank and CB Insights, includes aggregate analysis of investment activity by angel investors and angel investment groups, highlighting trends in round sizes, pre-money valuations, and industry investment preferences.

Published in: Economy & Finance
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
4,288
On Slideshare
0
From Embeds
0
Number of Embeds
11
Actions
Shares
0
Downloads
33
Comments
0
Likes
2
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • 2011 – 244, 2012 – 368, 2013 – 366
  • Q4’12 - 82, Q1’13 - 87, Q2’13 - 82, Q3’13 - 79, Q4’13 - 118
  • 2011 – 215, 2012 – 253, 2013 – 290
  • Q4’12 - 72, Q1’13 - 67, Q2’13 - 55, Q3’13 - 87, Q4’13 - 81
  • 2012 Healthcare – 120, 2012 Internet – 204, 2012 Mobile – 84, 2013 Healthcare – 130, 2013 Internet – 252, 2013 Mobile – 109
  • 2011 - 643, 2012 - 816, 2013 - 994
  • 68
  • 2011 - 643, 2012 - 816, 2013 - 884
  • 2011 - 557, 2012 - 726, 2013 - 815
  • 2011 - 643, 2012 - 816, 2013 - 884
  • 2011 - 557, 2012 - 726, 2013 - 815
  • Transcript

    • 1. US Angel Group Update: 2013 Year in Review
    • 2. Table of Contents 2013 Highlights p. 3 National Trends p. 5 Most Active Angels p.13 Regional Trends p.15 Sector Trends p.20 About the Halo Report p.23 2
    • 3. 2013 Highlights 3 1
    • 4. Angel Group Update: Halo Report 2013 10 Most Active US Angel Groups Total Deals 2013 p. 14 1. Golden Seeds 2. Tech Coast Angels 3. Houston Angel Network 4. Central Texas Angel Network 5. Sand Hill Angels 6. Launchpad Venture Group 7. New York Angels 8. Desert Angels 9. Investors’ Circle 10. Alliance of Angels Highlights 2013 • More High-Valuation Deals Closed in 2013 p.12 • Three-Year High for Deals and Round Sizes when Angel Groups Co-Invest with Non- Angels p.8, 11 • Healthcare, Mobile, and Internet Startups Claim Nearly 80% of Angel Group Dollars, Round Sizes Increase p.10, 22 • California Reigns; Remainder of US Deals Are Well Distributed p.17 • Dollars More Concentrated in Fewer Regions p.19 • New England Drops in Deals and Dollars p. 19 4
    • 5. 5 National Trends2
    • 6. Angel Round Sizes Remain Steady Over Three-Year Period $0.00 $0.50 $1.00 2011 2012 2013 Median Round Size Mean Round Size 6 *Angel rounds include angels & angel groups only $950K $857K $931K $610K $600K $600K $M
    • 7. Angel Round Size Sees Strong Finish in 2013 $0.00 $0.50 $1.00 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Median Round Size Mean Round Size 7 *Angel rounds include angels & angel groups only $902K $866K $972K $862K $997K $680K $700K $510K $550K $700K $M
    • 8. Round Sizes Hit Three-Year High When Angels Co-Invest with Non-Angels $1.5 $1.5 $1.7 $2.4 $2.4 $2.5 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 2011 2012 2013 Median Round Size Mean Round Size 8 M Rounds include angels, angel groups, and non-angel investors
    • 9. While 2013 Co-Investor Round Sizes Up, Q4 Finishes Soft $1.4 $1.4 $1.9 $2.0 $1.8 $2.5 $2.0 $2.8 $2.9 $2.3 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Median Round Size Mean Round Size 9 M Rounds include angels, angel groups, and non-angel investors
    • 10. Round Sizes Increase Across Top Sectors Healthcare Round Sizes Jump $500K in 2013 $0.00 $0.50 $1.00 $1.50 Healthcare Internet Mobile / Telecom Chart references median round sizes for all deals involving angel groups, co-investors 10 $1.6M $1.0M $1.1M $M $1.1M $935K $1.0M 2012 2013 2012 2013 2012 2013
    • 11. 67.3% 71.0% 73.0% 32.7% 29.0% 27.0% 0% 20% 40% 60% 80% 100% 2011 2012 2013 Not Co-Invested Angel Group Co-Investment 11 Angel Group Co-Investment Trending Up for Three Consecutive Years
    • 12. More High-Valuation Deals Closed in 2013 Median Round Size Holds Steady at $2.5M 12 $1.4M 1st Quartile $4.2M 3rd Quartile $0.50M $9.3M 2012 2013 $1.5M 1st Quartile $6.6M$0.11M $3.7M 3rd Quartile *Including all rounds with angel groups pre-series A $2.5M Median
    • 13. 13 Active Angel Groups 3
    • 14. 14 Golden Seeds is Most Active Angel Group Ranked by Total Number of 2013 Deals and Compared to 2012 Golden Seeds CA, MA, NY Tech Coast Angels Southern California Houston Angel Network Houston, TX Central Texas Angel Network Austin, TX Sand Hill Angels Sunnyvale, CA Launchpad Venture Group Boston, MA New York Angels New York, NY Desert Angels Tucson, AZ Investors’ Circle National Group Alliance of Angels Seattle, WA 8th 3rd 1st 7th 5th 6th New New 4th 2nd 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th
    • 15. 15 Regional Trends4
    • 16. 16 California 18.6% Northwest 7.7% Southwest 6.0% Great Plains 5.5% Great Lakes 11.8% Southeast 11.7% Mid-Atlantic 9.2% New England 11.3%New York 9.4% Texas 8.5% Angel Group Deals Are Widely Distributed Nationally 2013 Share of Angel Group Deals by Region 13% + 11-12% 9-10% 7-8% 5-6% Less than 5%
    • 17. California Reigns Mid-Atlantic and New York Trend Up While New England Loses Ground 20.2% 18.6% 18.6% 14.2% 13.4% 11.3% 11.0% 12.6% 11.7% 11.4% 11.3% 11.8% 5.8% 6.3% 6.0% 8.7% 8.9% 7.7% 7.0% 7.7% 8.5% 7.6% 9.2% 6.1% 5.4% 5.5% 6.4% 7.7% 9.4% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% New York Great Plains Mid-Atlantic Texas Northwest Southwest Great Lakes Southeast New England California Chart references annual share of angel group deals across U.S. 17 20122011 2013 10.4%
    • 18. 18 California 19.6% Northwest 6.1% Southwest 5.5% Great Plains 6.0% Great Lakes 13.0% Southeast 9.6% New York 8.9% Texas 6.1% Texas 6.3% Dollars Slightly More Concentrated in Fewer Regions than Deals 2013 Share of Angel Group Dollars by Region Mid-Atlantic 10.8% New England 14.2% 13% + 11-12% 9-10% 7-8% 5-6% Less than 5%
    • 19. 22.6% 16.4% 19.6% 16.6% 16.1% 14.2% 12.2% 10.1% 9.6% 12.4% 12.6% 13.0% 4.5% 7.5% 5.5% 4.0% 7.7% 6.1% 6.6% 7.6% 6.3% 8.7% 10.8% 3.5% 5.4% 6.0% 8.8% 7.9% 8.9% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% New York Great Plains Mid-Atlantic Texas Northwest Southwest Great Lakes Southeast New England California 8.8% Chart references annual share of angel group dollars across U.S. 19 20122011 2013 California and Mid-Atlantic Jump, New England Dips
    • 20. 20 Sector Trends5
    • 21. 32.7% 33.0% 38.5% 23.2% 20.1% 19.6% 9.6% 13.5% 16.2%5.1% 4.2% 4.0%6.7% 5.5% 4.1% 4.4% 2.9% 1.8% 5.3% 6.4% 2.7% 13.1% 14.5% 13.2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Other Computer Hdwr & Svcs Energy & Utilities Industrial Software Mobile & Telecom Healthcare Internet Chart references annual share of angel group deals across U.S. 21 20122011 2013 Mobile Consistently Trending Up Year Over Year Internet Deals Spike 5.5% to a Three-Year High
    • 22. 34.8% 29.9% 34.4% 28.0% 25.1% 28.3% 9.9% 14.2% 16.1% 5.0% 3.8% 4.3%7.0% 5.1% 5.4%3.4% 1.9%4.9% 3.3% 6.9% 11.7% 6.4% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Other Computer Hdwr & Svcs Energy & Utilities Industrial Software Mobile & Telecom Healthcare Internet 5.6% 4.6% Chart references annual share of angel group dollars across U.S. 22 2011 2012 2013 Top Sectors Claim Nearly 80% of Angel Group Dollars Mobile, Healthcare, and Internet Up 10% from 2012
    • 23. 23 About the Halo Report™ 6
    • 24. What is the Halo Report™? Angel Group Investment Trends: The Angel Resource Institute, Silicon Valley Bank and CB Insights set out to raise awareness of early stage investment activities by angel investment groups. The Halo Report is the result. The research series highlights angel investment activity and trends in North America and provides much sought after data that has not been previously available to entrepreneurs or early stage investors. The Halo Report includes aggregate analysis of investment activity by angels and angel groups and highlights trends in round sizes, location and industry preferences. The data is collected via survey and aggregation of public data using CB Insights innovative data analyses. Get Involved: Angel groups and individual angel investors interested in including their data in the Halo Report should contact JJ Knight, Halo Report Coordinator: 910-523-5503 and jj@angelresource.org. 24
    • 25. Understanding the Data: Special Round Types and Industry Sectors The Halo Report™ provides analysis and trends on US angel and angel group activity. Angels and angel groups invest alone, together, and with many other types of investors. Unless otherwise noted the Halo Report data includes all rounds that have at least one angel group participating and may include other types of investors in those rounds. This report discusses angel group investment trends for 2013, which represents a total of 884 deals and $1.1B (excluding duplicates) in total rounds including co-investors. A few charts report on an “Angel Round,” a special classification of investment when angel groups invest alone or just with other angels and angel groups. Unless otherwise noted, values of less than <1% are included, but are not labeled or noted as a change in activity. 25 Internet Mobile & Telecom Software Energy & Utilities Computer Hardware & Services Healthcare Industrial Automotive & Transportation Business Products & Services Consumer Products & Services Electronics Environmental Services & Equipment Financial Services Food & Beverages Leisure Media Metals & Mining Retail Risk & Security Halo Report Industry Sectors
    • 26. Angel Resource Institute JJ Knight, jj@angelresource.org The Angel Resource Institute (ARI) is a charitable organization devoted to education, mentoring and research in the field of angel investing, a growing driver of our entrepreneurial economy. ARI was founded by the Ewing Marion Kauffman Foundation. The programs of ARI include educational workshops and seminars, research projects and reports, and information about angel investing for the general public. ARI is affiliated with the Angel Capital Association, the professional association of angel groups in North America. More information is available at www.angelresourceinstitute.org. Silicon Valley Bank Carrie Walsh, cwalsh@svb.com Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 28 U.S. offices and six international operations. (Nasdaq: SIVB) www.svb.com. Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal Reserve System. CB Insights Anand Sanwal, asanwal@cbinsights.com CB Insights is a National Science Foundation-backed data-as-a-service firm that collects information on private companies and their investors and acquirers. CB Insights data and technology is used by firms to make better marketing, procurement, lending, acquisition and equity investment decisions and to gather data-driven market and competitive intelligence. The firm's data is regularly cited by leading media publications including the New York Times, Forbes, BusinessWeek and Fast Company among others. For more information, visit http://www.cbinsights.com. Halo Report Contacts 26
    • 27. Angel Resource Institute and Silicon Valley Bank co-produce the Halo Report™ with data powered by CB Insights. Angel Resource Institute and CB Insights are independent third parties and are not affiliates of Silicon Valley Bank. This material, including without limitation to the statistical information herein, is provided for informational purposes only. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction. ©2014 SVB Financial Group. All rights reserved. SVB, SVB Financial Group, and Silicon Valley Bank are registered trademarks. 27

    ×