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NJTC

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NJTC

  1. 1. NJTC Venture Capital Update 2010 February 5, 2010 Mark G. Heesen President
  2. 2. Capital under mgt & # firms peaked; Industry capital now $197B Source: NVCA 2008 Yearbook prepared by Thomson Reuters
  3. 3. VC Fundraising Matches Investment - DOWN! Source: Thomson Reuters/NVCA Does not include Corporate Venture groups.
  4. 4. Investment Marches On -
  5. 5. VC Investment Peaked in 2000; 2008 Was Down 8%; 2009 was $18B Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters $103B $28B $18B
  6. 6. What does 2009 portend for 2010? Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters
  7. 7. Clean Technology investment grows significantly – more than 10% of investment Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters
  8. 8. “ Later Stage” is bloated with companies which can’t move on Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters * - Through 3Q 2009 848 311 # Later Stage Deals/Year 30.1% 11.1% Later as % of Deals 721 1,181 # First Time Fundings/Year 40.2% 47.1% % of Deals in Seed & Early Stage 2,814 2,802 # Venture Deals/Year Most recent 4 qtrs* 1995-1998 Metric
  9. 9. Jersey Boys … and Girls What’s Up? Note that data “cuts” can be done from the historical trend data section of www.pwcmoneytree.com or from the National Aggregate Spreadsheet which can be downloaded from that site.
  10. 10. New Jersey Tracks Slightly Better than National – $ Millions Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters
  11. 11. Most Recent 12 Quarters: NJ Totals Driven by Some Large Deals $ Millions * Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters
  12. 12. Bubble years aside, NJ has created a steady flow of “first fundings” Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters
  13. 13. MoneyTree Sector Splits – Life Sciences Run the Show! (NJ 56% vs National 34%) VC Dollar Investment in NJ – 2007-2009 Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters
  14. 14. The Exit Scene - the importance of acquisitions has become clear over the past several years
  15. 15. IPO Levels Were Good in 2004 and Okay in 2007; Awful Now Source: Thomson Reuters/National Venture Capital Association
  16. 16. One word for IPOs in 2008-9: Awful Source: Thomson Reuters/National Venture Capital Association
  17. 17. What’s in the IPO Pipeline? Dismal Short Term… Source: Thomson Reuters/National Venture Capital Association
  18. 18. M&A Exits Aren’t Providing Much Liquidity Either, but Improving Source: Thomson Reuters/National Venture Capital Association
  19. 19. Acquisitions Market Has Some Potential in 2010 Based on Improvements in 2009 Source: Thomson Reuters/National Venture Capital Association – Undisclosed txns are prorated
  20. 20. Public Policy and The Venture Industry Some Wins; Many Challenges …
  21. 21. History has shown VC Deploys Capital To Most Promising Sectors: Four Examples (“Sector Churn”) Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson Reuters
  22. 22. www.nvca.org

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