San Diego Venture Group; Venture Summit 2013; Titus

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Dave Titus, President of SDVG and Managing Director of Windward Ventures, shares his presentation delivered at Venture Summit Friday, July 12, 2013

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San Diego Venture Group; Venture Summit 2013; Titus

  1. 1. David Titus, President SDVG Venture Status Update SDVG Managing Director Windward Ventures
  2. 2. 250 300 25 30 35 $ Raised # of Funds Venture Fundraising 2005-13 0 50 100 150 200 0 5 10 15 20 2005 2006 2007 2008 2009 2010 2011 2012 2013 #ofFunds $Billions
  3. 3. • Top 20 raise 55% of all Dollars – Average Fund Size of $400M – Everyone else averages $41M Consolidation of the VC Industry – Everyone else averages $41M • Active funds down 20% in 5 years – 1H 2013 data shows same trend • Secondary Markets hardest hit
  4. 4. 25 30 35 $B Raised $B Invested Venture Investing 2005-13 0 5 10 15 20 25 2005 2006 2007 2008 2009 2010 2011 2012 2013
  5. 5. • Imprecise Data • Non-traditional “funds” – Family Offices VC Deficit Spending – Family Offices – Foreign Investors – Hedge Funds • Corporate Venture Capital – Leading growth segment – Up 50% in 3 years – But leveling off
  6. 6. • Financings will be harder – Plan for that reality – Practice Your Pitch (Repeat 3 times!) Implications - Entrepreneurs – Practice Your Pitch (Repeat 3 times!) – Be ready to travel • Go Big or Go Small • You must be exceptional – Add management talent that has done it
  7. 7. • Exits are up! – 21 venture IPOS in Q2 2013 – 11 Biotech IPOs The Good News – 11 Biotech IPOs • M&A is the key to F500 growth • Hard things are popular again
  8. 8. 4.50% 5.00% 1100 1200 1300 $ Raised % of Total San Diego Investing 2.50% 3.00% 3.50% 4.00% 500 600 700 800 900 1000 2008 2009 2010 2011 2012 2013
  9. 9. • Acutus $21M • Colorscience $10M • eFFECTOR $45M • EcoATM $40M • Tealium $15.6M • Sotera Wireless $15M Notable Deals 2013 • eFFECTOR $45M • Lumena $23M • Topera $25M • Viacyte $10.6M • Sotera Wireless $15M • Takelessons.com $4M • DB Networks $4.5 • One Roof Energy $30M
  10. 10. Exits & IPOs
  11. 11. www.sdvg.org 900 @SDVG 1,400 SDVG 300
  12. 12. Predictions

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