Biz Outlook 2006

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A presentation about technology and venture capital in Birmingham, given at the Birmingham Regional Chamber of Commerce's Business Outlook conference in January 2006

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Biz Outlook 2006

  1. 1. 2006 Business Outlook Conference Technology & Venture Capital Your Lifestyle, Your Mind, Your Future
  2. 2. Tanveer Patel, CircleSource <ul><li>President and Founder </li></ul><ul><li>Relocated her company from Chicago </li></ul><ul><li>Local PM + Outsourced Software Development </li></ul><ul><li>CircleSource is located at the Entrepreneurial Center </li></ul>
  3. 3. #3 Hot City for Entrepreneurs
  4. 4. Our Startup Ecosystem <ul><li>Business Incubation / Startup Assistance </li></ul><ul><li>Economic Development </li></ul><ul><li>Technology User Groups </li></ul><ul><li>Technology Centers / Research Institutions </li></ul><ul><li>Venture Capital Funding Sources </li></ul><ul><li>Workforce Development and Tech Education </li></ul>
  5. 5. Downtown Innovation Center <ul><li>Combining the Entrepreneurial Center and UAB’s OADI @ old Sears Building </li></ul><ul><li>$12M+ Project </li></ul><ul><li><12 blocks vs. ~9 miles from UAB </li></ul>
  6. 6. Your Lifestyle, Your Mind, Your Future
  7. 7. Jesse Hipps, Heritage Center <ul><li>President and CEO </li></ul><ul><li>Retired chemist from Dupont & Monsanto </li></ul><ul><li>Workforce Development Not-for-profit serving young people in downtown Bessemer </li></ul><ul><li>Job Shadowing guru and curriculum author </li></ul>
  8. 8. Computer Learning Centers <ul><li>Center for Urban Missions </li></ul><ul><li>Empowerment, Inc. </li></ul><ul><li>Partners in Neighborhood Growth </li></ul><ul><li>The Heritage Center </li></ul><ul><li>Jefferson County Library Cooperative </li></ul>
  9. 9. Community Engagement
  10. 10. Your Lifestyle, Your Mind, Your Future
  11. 11. Milton Silva-Craig, Emageon <ul><li>President and COO since 2004 </li></ul><ul><li>Prior to joining the company in 2001, was VP/GM of GE’s ASP Services & eCommerce business </li></ul><ul><li>Top 40 Under 40 in 2005 </li></ul>
  12. 12. Emageon ~ February IPO <ul><li>$70M / Net $60.5M </li></ul><ul><li>Underwriters exercised $9M more </li></ul><ul><li>$4M CAPCO returned </li></ul><ul><li>VC Exits </li></ul><ul><ul><li>Southeastern Technology Fund - 15.6% ownership </li></ul></ul><ul><ul><li>Redmont Venture Partners  - 3% ownership </li></ul></ul><ul><ul><li>Harbinger/Aurora Ventures - 3.8% ownership </li></ul></ul><ul><ul><li>Jemison Investment Co. </li></ul></ul><ul><ul><li>Delta Capital Management (Memphis, Tenn.) </li></ul></ul>$13 Opening Price Lockup Expired
  13. 13. Biocryst ~ Hot Public Biotech <ul><li>$78.9M new capital in 2005 </li></ul><ul><li>Kleiner Perkins Caufield & Byers </li></ul><ul><ul><li>Since 1972 KPCB has backed entrepreneurs in 450 ventures, including AOL, Amazon.com, Citrix, Compaq, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Lotus, Sun Microsystems, Symantec, and Verisign </li></ul></ul>CNBC Exposure $30M Raise 5yr $500+M Deal w/ Roche $23.9M Raised
  14. 14. CAPCO Venture Capital Monies <ul><li>Advantage Capital Alabama Partners </li></ul><ul><ul><ul><ul><li>Southeast Technology Fund (Huntsville) </li></ul></ul></ul></ul><ul><li>Enhanced Alabama Issuer </li></ul><ul><ul><ul><ul><li>Redmont Venture Partners </li></ul></ul></ul></ul><ul><li>Stonehenge Capital Fund Alabama </li></ul><ul><ul><ul><ul><li>Jemison Investment Co. </li></ul></ul></ul></ul>
  15. 15. CAPCO Venture Capital Monies <ul><li>Waveland NCP Alabama Ventures </li></ul><ul><ul><ul><ul><li>New Capital Partners </li></ul></ul></ul></ul><ul><li>Whitecap Alabama Growth Fund </li></ul><ul><ul><ul><ul><li>Greer Capital Advisors </li></ul></ul></ul></ul><ul><li>Wilshire Alabama Partners </li></ul><ul><ul><ul><ul><li>Merchant Capital Partners (Montgomery) </li></ul></ul></ul></ul>
  16. 16. CAPCO VC Monies Invested
  17. 17. “ Large” Tech Companies ~ >50 emp. 80 60 40 20 200 400 600 800 Command Alkon not shown
  18. 18. A Sampling of Tech Companies
  19. 19. Your Lifestyle, Your Mind, Your Future Stay Informed About Birmingham’s Tech Economy by signing up for our monthly e-newsletter at www.TechBirmingham.com

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