What Makes the Boston Start-Up Scene Special?

What Makes Boston’s Technology Start-Up Scene Special?
Jeff Bussgang
General Partner
Flybridge Capital Partners

Ingredients for a Vibrant
Start-Up Ecosystem
Intellectual Capital – academia, innovation, diverse industries and ideas
Venture Capital
Advisors, Angels, Accelerators
Successful Companies – to partner, poach and/or sell to

Historical Leadership

MIT – Factory of Innovation
33,600 companies, 300 each year, employ 3.3 million people, generate sales of $2 trillion, 282 patents in 2008

Harvard – The Business-Side Partner

Other Colleges and Universities
74colleges and universities in Boston-area, 265,000 students, 8 research universities pump $7 billioninto economy, spending $1.5 billion on R&D yearly, 264patents, 280 commercial licenses, and 41 start-up companies.

Innovation Leadership: #1 Patents

Innovation Leadership: #1 NIH Funding
Source: NIH (2008); Center for an Urban Future

Innovation Economy Is Densely Concentrated

Geographic Clusters
128 Corridor
Cambridge/Boston
495 Corridor

Venture Capital in Comparison
Total VC Investment 2008
Boston: $3.0B
New York: $1.3B
California: $14.3B
Source: NVCA 2009 Yearbook

Venture Capital Per Capita
VC Investment Per Capita 2008
Boston: $457/person
New York: $67/person
California: $388/person

Boston vs. Silicon Valley

Life Sciences Leadership

Boston’s Energy Sector

High Technology MicroClusters:
For Example, Strength in Mobile
Hundreds of iPhone developers in MA
Over 50 VC-backed mobile start-ups
Three 9-figure exits:
Enpocket, M-Qube, Third Screen
Mobile advertising leaders
Quattro Wireless, JumpTap
iPhone developers using location API

Other MicroClusters
Cloud Computing
Robotics
Gaming
Marketing Technology
Online Video
E-Commerce

Proximity to NYC

Recent Boston-area IPOs

Expansion of Major Tech Companies

Start-up Resources
More resources can be found at: http://dondodge.typepad.com/the_next_big_thing/2009/10/boston-startup-events-resources-people-you-need-to-know.html

Conclusion
#1 Boston
www.massitsallhere.com

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What Makes the Boston Start-Up Scene Special?

by Jeffrey Bussgang on Nov 03, 2009

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