Loading…

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

Like this presentation? Why not share!

Like this? Share it with your network

Share

Preso provided to startups in Madrid

  • 1,079 views
Uploaded on

As part of my visit to Spain visiting with startups, I provided this presentation as an overview of the US tech/VC ecosystem

As part of my visit to Spain visiting with startups, I provided this presentation as an overview of the US tech/VC ecosystem

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
1,079
On Slideshare
1,058
From Embeds
21
Number of Embeds
2

Actions

Shares
Downloads
4
Comments
0
Likes
0

Embeds 21

http://www.linkedin.com 16
https://www.linkedin.com 5

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

Transcript

  • 1. US Tech/VC OverviewMadrid Network ChallengeOpinno
    Shai Goldman
    Silicon Valley Bank
    sgoldman@svb.com
    Twitter: @shaig
    Nov 30, 2010
  • 2. HQ in Bay Area, California – Est. 1983
    Technology, Venture Capital, Wine
    US, UK, Israel, China, India
    10,000 technology companies as clients
    50%+ of VCs backed startups are clients
    Commercial Bank (Lending, Investments, Valuations, FX)
    Silicon Valley Bank
  • 3. Macro Overview
    Less VC $
    Super Angel / Micro VC $
    Corporate VC $
    Less interest in cleantech, life science, semi
    More interest in software
    More M&A and Less IPO
    Topics
  • 4. NASDAQ (a US stock market)
  • 5. Tech IPOs (Initial Public Offerings on US Markets)
  • 6. Less VC $ (amount invested by US VCs)
  • 7. 10 year returns = negative (below 0%)
    VCs target a 3X return on fund, 20%+ annual return
    Less interest by their investors i.e. Limited Partners (LPs)
    SWF (Sovereign Wealth Funds) are showing increased interest
    Exits have decreased, median acquisition is $55M
    Less VC $
  • 8. Smaller funds < $100M
    A few General Partners
    $1M rounds ($50K to $1M /investment)
    LPs are interested in these new funds
    Angels-> Super Angels-> Micro VCs
  • 9. Innovation is not from within
    Find and invest in innovation
    Cash available
    Intel, Google, Cisco, Best Buy, Disney, GM, Nike, Telefonica, Applied Materials, etc
    Corporate VC
  • 10. Cleantech (down)
    Very capital intensive, over funded in 2006/2007
    Life Science (down)
    Capital intensive, long investment period, regulatory issues
    Semi (down)
    Capital intensive, only a couple of acquires
    Software (up)
    Delivery: SaaS/Web, Mobile
    Clients: Enterprise, Consumer
    Billing: Subscription, Freemium
    Capital Efficient
    Tech Trends
  • 11. Mobile: iOS (Apple), Android (Google), RIM? MS?
    Infrastructure: HP, Cisco, VMware, IBM, MS
    Enterprise: SAP, Oracle, Salesforce, MS
    Consumer: Apple, Google, Facebook, Twitter, Amazon, Disney, Netflix
    Tech Trends
  • 12. $500K to $1.5M
    SW (mobile, consumer, enterprise, infrastructure)
    2+ Founders Full Time
    Initial Product Complete
    Revenue/Customers
    US (Bay Area, NYC, Boston, LA, Seattle, Austin)
    Seed / Series A
  • 13. M&A
    $55M Median Acquisition
    Apple, Facebook, Google, HP, IBM, Oracle, Cisco, Amazon, etc
    $1B+ IPO / M&A opportunities
    Facebook, Zynga, LinkedIn, Groupon, Twitter
    Exits