Boston Startup Scene Presentation fall 2014 final

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Boston Startup Scene Presentation fall 2014 final

  1. 1. What Makes Boston’s Start-Up Scene Special? Jeff Bussgang General Partner, Flybridge Capital Partners Senior Lecturer, Harvard Business School Fall 2014 1--Confidential
  2. 2.  Intellectual Capital – academia, innovation, diverse industries and ideas  Advisors, Angels, Accelerators- seed $  Venture Capital – scale $, mentorship  Successful Companies – to partner, poach 2--Confidential and/or sell to Ingredients for a Vibrant Start-Up Ecosystem
  3. 3. 3--Confidential Historical Leadership
  4. 4. 4--Confidential MIT – Factory of Innovation
  5. 5. 5--Confidential Harvard Is No Slouch
  6. 6. Other Colleges and Universities 6--Confidential
  7. 7. Innovation Leadership: Patents 7--Confidential 6,000 5,000 4,000 3,000 2,000 1,000 - Patents Issued Per Capita (M) - 2011 2011 Source: US Patent and Trademark Office
  8. 8. Innovation Leadership: #1 NIH Funding 8--Confidential Source: NIH and Boston Redevelopment Authority (2013)
  9. 9. Innovation Economy is Densely Concentrated Population: 640k Boston, 4.5m Greater Boston Area 9--Confidential
  10. 10. 10--Confidential Geographic Clusters Benefits of High Concentration 495 Corridor 128 Corridor Cambridge/Boston
  11. 11. 11--Confidential Kendall Square “Highest Density Cluster of Innovation on the Planet”
  12. 12. 12--Confidential Boston’s Innovation District
  13. 13. 13--Confidential Next Up: Harvard - Allston
  14. 14. Venture Capital: Regional Comparison 14--Confidential California: $94B Massachusetts: $33B New York: $20B Total VC Capital Under Management Source: NVCA 2014 Yearbook 76% of total VC $ in these 3 regions
  15. 15. VC Capital Under Management Per Capita 2013 15--Confidential Venture Capital Per Capita California: $2.5k/person Massachusetts: $4.9k/person New York: $1.0k/person Source: NVCA 2014 Yearbook, US Census
  16. 16. Proximity to NYC: A Huge Plus 16--Confidential
  17. 17. Leading Clusters: Life Sciences Leadership 17--Confidential
  18. 18. Leading Clusters: Boston’s Energy Sector 18--Confidential
  19. 19. High Technology MicroClusters: For Example, Strength in Mobile • Hundreds of iPhone developers in MA • Over 50 VC-backed mobile start-ups • Seven 9-figure exits: • Crashlytics (Twitter) • Enpocket (Nokia) • Jumptap (Millenial Media) • M-Qube (Verisign) • Quattro (Apple) • Third Screen (AOL) • Where (PayPal) • Other mobile leaders • Adelphic Mobile • Drizly • Fiksu • RunKeeper • SavingStar • SessionM 19--Confidential iPhone developers using location API
  20. 20. 20--Confidential Other MicroClusters Cloud Computing Online Video Health IT Marketing Tech Education
  21. 21. Strong Community of Women Tech Leaders 21--Confidential Gail Goodman Constant Contact Abbie Celniker Eleven Biotherapeutics Nicole Stata Boston Seed Michelle Dipp Ovascience C.A. Webb N.E.V.C.A Katie Rae Project II Helen Greiner CyPhy
  22. 22. IPOs (17) BioTech Tech Market caps as of 9/16/2014 22--Confidential               $276M $309M TBD TBD    $139M $27M $370M $312M $241M $426M $207M $336M $340M $80M $188M $739M $448M Boston-Based IPOs in 2014
  23. 23. Recent Boston-Based Liquidity M&A >$500M (5)  $1.8B  $1.1B  $775M  $700M  $500M 23--Confidential Market caps as of 09/5/2013
  24. 24. Boston-Based Platform Companies Market caps as of 9/16/2014 24--Confidential $60B $38B $15B $14B $11B $5B $5B     Market Capitalization    $77B $49B $22B $9B $5B $3B      
  25. 25. Expansion of Major Tech Companies 25--Confidential
  26. 26. 26--Confidential Start-up Resources
  27. 27. Investors and Entrepreneurs to Follow Investors Blog URL Twitter Rob Go / Next View robgo.org @robgo Chip Hazard / Flybridge hazard.typepad.com @chazard Antonio Rodriguez/Matrix an.ton.io @antrod Bijan Sabet / Spark bijansabet.com @bijan David Skok / Matrix forentrepreneurs.com @bostonvc Michael Skok/Northbridge mjskok.com @mjskok Entrepreneurs Blog URL Twitter David Cancel/Hubspot davidcancel.com @dcancel Wayne Chang/Crashlytics waynechang.com @wayne Diane Hessan/Commun. @CommunispaceCEO Jules Pieri/DailyGrommet jules.thegrommit.com @julespieri Dharmesh Shah onstartups.com @dharmesh Mike Troiano/Actifio medium.com/@miketrap @miketrap 27--Confidential
  28. 28. 28--Confidential Harvard Start-up Resources HBS EIRs 2014 Ajay Agarwal Marla Malcolm Black Stephen Bonner Sam Clemens Chuck Davis David Hornik Janet Kraus Eric Paley Jules Pieri Ruben Pinchanksi Diego Rodriguez Rudina Seseri Jim Sharpe Steven Sinofsky Jim Southern Russ Wilcox Campus Resources NYC STARTUP TREK
  29. 29. Conclusion: Boston Ranked #1 City of Global Innovation Economy 29--Confidential #1 Boston www.massitsallhere.com

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