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Greycroft Angel Breakfast Presentation 4-30-13


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Greycroft Angel Breakfast Presentation 4-30-13

  1. 1. Angel BreakfastApril 30, 2013
  2. 2. 2Gold SponsorPlatinumSponsorDiamondSponsorsThank You To Our Sponsors
  3. 3. 3AgendaQ1 Industry Trends-US Venture Capital-NY Venture Capital-Sectors-ExitsFirst 100 days of 2013-What We Are Looking At-Opportunities for Co-Investment
  4. 4. 4US Venture Capital Market – Hot TopicsSources: CB Insights, VentureSource•$6.9BN invested across 841 deals in Q1’13-Flat quarter to quarter, but up 17% since Q1’12-Average deal size $8.2MM-Median deal size of $4.0MM•“Series A Crunch”-1,749 seed deals completed last year-vs. 692 Series A deals completed last year-Overhang of 1,057 deals (60%)•Overhang is slowly shrinking-194 Angel/Seed deals in Q1’13, up 31% year over year-245 Series A deals in Q1’13, up 42% year over year
  5. 5. 502468$10B02004006008001,000Q1 12$5.9BQ2 12$8.1BQ3 12$7.5BQ4 12$6.8BQ1 13$6.9BUS VC Funding, Trailing 5 QuartersDollars of VC fundingby quarter ($B)Number of dealsNumber of dealsDollars investedSources: CB Insights
  6. 6. 6But What About New York?Sources: CB Insights•Q1’13: 100 venture deals with $715MM invested-Deals volume up 22% since Q1’12-Average deal size $7.2MM-Median deal size of $1.7MM•Q1’13: 57 seed stage deals with $50.1MM invested•Series A crunch more pronounced on west coast thanNew York
  7. 7.$1.0B0255075100125Q1 12$0.3BQ2 12$0.5BQ3 12$0.5BQ4 12$0.6BQ1 13$0.7BNY VC Investment and Deal VolumeDollars of VC fundingby quarter ($B)Number of dealsNumber of dealsDollars investedSources: CB Insights
  8. 8. 8050100150Q11216Q21222Q312Q412Q113150100200300400Q110221Q111286Q112326Q113379050100150Q11293Q212102Q312116Q412122Q113106INTERNET INVESTMENTS CONTINUETO INCREASE IN VOLUMESOCIAL INVESTMENTS DECREASEDOVER A SIMILAR PERIODTHE NUMBER OF MOBILEINVESTMENTS HAS DECREASEDSector ShiftsNumber of investments ininternet companiesSources: CB InsightsNumber of investments inmobile companiesNumber of investments insocial companies
  9. 9. 9Sector Shifts•SAAS (“Consumerization of the Enterprise”)-Dropbox,, Yammer•Connected hardware (“Internet of Things”)-MYO, Fitbit, Nest, Square, Leap Motion, Google Glass•Retail tech-Nomi, Prism•Will adtech come back in 2014?
  10. 10. 10020406080100Q11266Q21288Q31266Q41248Q11346020406080100Q11239Q21230Q31246Q41230Q11329EAST COAST WEST COASTEast vs. West Coast VC ExitsNumber of VentureBacked ExitsNumber of VentureBacked Exits- M&A Exits- IPO Exits- M&A Exits- IPO ExitsNote: East Coast defined as NY and MA, West Coast defined as CASources: CB Insights
  11. 11. Coast West Coast1.5 1.590th Percentile4.5 4.6East vs. West Coast VC ExitsRealized cash-on-cashmultipleNote: VC Exits 2001 – 2012 (3Q)Sources: Dow Jones VentureSource and others