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Liddy Karter, Exec. Dir.    Venture In CT 2012?1
CT VC Investment Slipping    1. Consistently 4th in VC $ Managed    2. 2010 - 14th in VC $ invested    3. 2011 - 21st in V...
VC - 13% of Private Equity $3
US VC $ Invested by Stage                                                           3%                                    ...
CT 4TH In VC $ Managed In 2010              $120,000              $100,000               $80,000                          ...
CT Slipping in VC $ Invested                                     $ Invested In The State             $3,500             $3...
CT Regional Lead Also Slipping                                     $ Invested In The State              $250              ...
CT 21st In VC $ Invested in 2011             $16,000             $14,000             $12,000             $10,000          ...
Barely Visible VC investment                 $120,000                 $100,000                  $80,000    $ Millions     ...
#2 in VC $ Exported                                             Defined as:                      ($ Under Management / 6 Y...
CT Increasing VC $ Managed                                          50%                                          45%      ...
Strategic Mission 1. Get more VC $ invested in CT 2. Increase VC $ managed in CT 3. Highlight VC backed successes:    • Ad...
Vision, Mission and Brand  The CVG mission:  “To assist   the development of    high growth enterprises    through the pro...
Potential for Job growth  – $25,000 of venture investment = 1 job  – If CT performed like MA in 2010 we would have    had ...
Accomplishments 2011  – Identify VC community  – Engage key VC funds  – Create successful events  – Integrate with Innovat...
Objectives 2012  – Connect existing VC funds to CT Companies  – Create new VC funds in CT  – Engage a wider audience at ev...
Sources and Links  – National Venture Capital Association     • http://www.commerce.gov/news/press-releases/2009/09/24/com...
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Ct Stats For Venture Capital 2 16 12

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CT has slipped from 14th to 21st in terms of venture $ invested in 2011 form 2010. AS recently as 1995 we were 4th.

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Ct Stats For Venture Capital 2 16 12

  1. 1. Liddy Karter, Exec. Dir. Venture In CT 2012?1
  2. 2. CT VC Investment Slipping 1. Consistently 4th in VC $ Managed 2. 2010 - 14th in VC $ invested 3. 2011 - 21st in VC $ invested2
  3. 3. VC - 13% of Private Equity $3
  4. 4. US VC $ Invested by Stage 3% 33% Seed 29% Early Stage Expansion Later Stage 35%Source: The MoneyTree™ Report from PricewaterhouseCoopers and the National Venture Capital Associationbased on data provided by Thomson Reuters4
  5. 5. CT 4TH In VC $ Managed In 2010 $120,000 $100,000 $80,000 CA(#1) $ Millions $60,000 MA(#2) NY(#3) $40,000 CT(#4) $20,000 $0 1985 1995 2005 2010Source: 2011 NVCA Yearbook5
  6. 6. CT Slipping in VC $ Invested $ Invested In The State $3,500 $3,000 $2,500 MA(#2 in 2011)$ Millions $2,000 NY (#3 in 2011) $1,500 CT(#21 in 2011) $1,000 $500 $0 2010 2011Source: PwC/NVCA MoneyTree Report6
  7. 7. CT Regional Lead Also Slipping $ Invested In The State $250 $200 $150 CT $ Millions Upstate NY Western MA $100 RI Westchester County $50 $0 2010 2011Source: PwC/NVCA MoneyTree Report7
  8. 8. CT 21st In VC $ Invested in 2011 $16,000 $14,000 $12,000 $10,000 CA(#1)$ Millions MA(#2) $8,000 NY(#3) $6,000 CT(#21) $4,000 $2,000 $0 1985 1995 2005 2011Source: PwC/NVCA MoneyTree Report8
  9. 9. Barely Visible VC investment $120,000 $100,000 $80,000 $ Millions $ Invested in State $60,000 $ Under Management $40,000 $20,000 $0 CA MA NY CTSources: PwC/NVCA MoneyTree Report and 2011 NVCA Yearbook9
  10. 10. #2 in VC $ Exported Defined as: ($ Under Management / 6 Years) – $ Invested in State in 2011 $2,500 $2,000 $1,500$ Millions $1,000 $500 $0 MA CT DC MD PA NJ MI MOSources: PwC/NVCA MoneyTree Report and 2011 NVCA Yearbook10
  11. 11. CT Increasing VC $ Managed 50% 45% 40% % of Top 4 States (CA, MA, NY, CT) 35% 30% CA MA 25% NY 20% CT 15% 10% 5% 0% 1985 1995 2005 2010Source: 2011 NVCA Yearbook11
  12. 12. Strategic Mission 1. Get more VC $ invested in CT 2. Increase VC $ managed in CT 3. Highlight VC backed successes: • Advanced Biohealing • Higher One • Tangoe12
  13. 13. Vision, Mission and Brand The CVG mission: “To assist the development of high growth enterprises through the promotion of capital formation in Connecticut”
  14. 14. Potential for Job growth – $25,000 of venture investment = 1 job – If CT performed like MA in 2010 we would have had 18,000 additional jobs; about 11% of the unemployed in CT. • According to Indeed.com and salary.com the average wage in Venture backed companies is $89k/yr. Average wage in CT is $76k. • $1.6B in CT wages • Income Tax Revenues of $82MM/year
  15. 15. Accomplishments 2011 – Identify VC community – Engage key VC funds – Create successful events – Integrate with Innovation Ecosystem • Venture Principals • Professional Services community • State and Federal Government • Universities • Investors • Entrepreneurs
  16. 16. Objectives 2012 – Connect existing VC funds to CT Companies – Create new VC funds in CT – Engage a wider audience at events
  17. 17. Sources and Links – National Venture Capital Association • http://www.commerce.gov/news/press-releases/2009/09/24/commerce- secretary-locke-announces-new-commerce-initiatives-foster-in – National Venture Capital Association • www.nvca.org • 2011 yearbook- Thomson Reuters – PWC Money Tree • www.pwcmoneytree.com – WI Dept of Commerce • www.commerce.state.wi.us/bd/BD-Act255-Venture capitalseedfund.html

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