Corporate venture capital investment reached its highest levels since 2001 in the first half of 2007, with $1.3 billion invested in 390 deals. This represented the highest percentage of total deals (21.4%) and dollars (9.2%) for corporate venture capital since 2001. Several corporate venture capital groups commented that their investments were increasing and providing startups access to their expertise, resources and markets. The high levels of corporate investment demonstrate growing confidence and support for entrepreneurs developing new technologies.
Effect of Earnings Management on Bankruptcy Predicting Model Evidence from Ni...ijtsrd
This study determined the effect of Earnings Management on Bankruptcy Risk in Nigerian Deposit Money Banks. The specific objectives are to examine the effect of Debt Covenant, bank Size moderates effect of Earnings Management Incentives and bank Age moderates the effect of Earnings Management Incentives on Bankruptcy Risk of listed Deposit Money Banks on Nigerian Stock Exchange. The study employed Ex Post Facto research design and data were collected via anuual reports and accounts of the sampled banks in Nigeria. The formulated hypotheses were analyzed and tested with Regression analysis with the aid of E view version 10 2019 . The result shows that debt covenant has inverse significant effect on bankruptcy risk of listed DMBs in Nigeria, implying that degree of debt covenant violations does not strongly influences bankruptcy risk among Nigeria deposit money banks. Also that firm size moderates the effect of earnings management incentives on bankruptcy risk, meaning that the behaviours of the earnings management incentives on bankruptcy risk among Nigerian DMBs significantly and largely depends on the size of the company. Another finding revealed that firm age has no significant moderating effect on the nexus between the selected earnings management incentives and bankruptcy risk of listed DMBs in Nigeria. The study thereby recommended among others that even though higher debt contracting does not necessarily result to insolvency, management should ensure proper balancing of debt and equity in order to ensure a trade off between risk and return to the shareholders. Emma I. Okoye | Ebele G. Nwobi ""Effect of Earnings Management on Bankruptcy Predicting Model: Evidence from Nigerian Banks"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-2 , February 2020,
URL: https://www.ijtsrd.com/papers/ijtsrd30187.pdf
Paper Url : https://www.ijtsrd.com/management/accounting-and-finance/30187/effect-of-earnings-management-on-bankruptcy-predicting-model-evidence-from-nigerian-banks/emma-i-okoye
This in-depth report looks at the major waves of innovation and disruption that are beginning to radically alter the insurance industry. The insurance industry, unlike many other areas of financial services, has not yet been substantially disrupted by new technologies and transformative business models. However, the industry now appears to be at a key inflection point as many different constituents in the FinTech ecosystem have their sights squarely set on insurance as the next great opportunity.
The State of the Venture Capital Industry is an annual report produced by TrueBridge Capital Partners highlighting the trends in venture fundraising, investing, valuations, exits, and performance.
All data sourced from Thomson Reuters, VentureSource, CB Insights, PitchBook, and Cambridge Associates.
Waves of change: revisited – Insurance opportunities in Sub-Saharan AfricaEY
EY and Oxford Economics surveyed 125 insurance executives in seven countries in sub-Saharan Africa to identify factors powering the growth of the insurance sector and determine how companies are balancing opportunities and risks.
Effect of Earnings Management on Bankruptcy Predicting Model Evidence from Ni...ijtsrd
This study determined the effect of Earnings Management on Bankruptcy Risk in Nigerian Deposit Money Banks. The specific objectives are to examine the effect of Debt Covenant, bank Size moderates effect of Earnings Management Incentives and bank Age moderates the effect of Earnings Management Incentives on Bankruptcy Risk of listed Deposit Money Banks on Nigerian Stock Exchange. The study employed Ex Post Facto research design and data were collected via anuual reports and accounts of the sampled banks in Nigeria. The formulated hypotheses were analyzed and tested with Regression analysis with the aid of E view version 10 2019 . The result shows that debt covenant has inverse significant effect on bankruptcy risk of listed DMBs in Nigeria, implying that degree of debt covenant violations does not strongly influences bankruptcy risk among Nigeria deposit money banks. Also that firm size moderates the effect of earnings management incentives on bankruptcy risk, meaning that the behaviours of the earnings management incentives on bankruptcy risk among Nigerian DMBs significantly and largely depends on the size of the company. Another finding revealed that firm age has no significant moderating effect on the nexus between the selected earnings management incentives and bankruptcy risk of listed DMBs in Nigeria. The study thereby recommended among others that even though higher debt contracting does not necessarily result to insolvency, management should ensure proper balancing of debt and equity in order to ensure a trade off between risk and return to the shareholders. Emma I. Okoye | Ebele G. Nwobi ""Effect of Earnings Management on Bankruptcy Predicting Model: Evidence from Nigerian Banks"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-2 , February 2020,
URL: https://www.ijtsrd.com/papers/ijtsrd30187.pdf
Paper Url : https://www.ijtsrd.com/management/accounting-and-finance/30187/effect-of-earnings-management-on-bankruptcy-predicting-model-evidence-from-nigerian-banks/emma-i-okoye
This in-depth report looks at the major waves of innovation and disruption that are beginning to radically alter the insurance industry. The insurance industry, unlike many other areas of financial services, has not yet been substantially disrupted by new technologies and transformative business models. However, the industry now appears to be at a key inflection point as many different constituents in the FinTech ecosystem have their sights squarely set on insurance as the next great opportunity.
The State of the Venture Capital Industry is an annual report produced by TrueBridge Capital Partners highlighting the trends in venture fundraising, investing, valuations, exits, and performance.
All data sourced from Thomson Reuters, VentureSource, CB Insights, PitchBook, and Cambridge Associates.
Waves of change: revisited – Insurance opportunities in Sub-Saharan AfricaEY
EY and Oxford Economics surveyed 125 insurance executives in seven countries in sub-Saharan Africa to identify factors powering the growth of the insurance sector and determine how companies are balancing opportunities and risks.
The State of the Venture Capital Industry is an annual report produced by TrueBridge Capital Partners highlighting the trends in venture fundraising, investing, valuations, exits, and performance.
All data sourced from Dow Jones VentureSource, Dow Jones LP Source, CB Insights, PitchBook, and Cambridge Associates.
Eric Jackson's presentation to Yahoo outlining his plan to slash the company’s workforce by 75%, replace Marissa Mayer with an operations-focused CEO and bring in a strategic partner to help navigate the tax issues surrounding its Asian assets.
Source: http://www.wsj.com/public/resources/documents/yahoopresentation.pdf
Delivering more value to the business through
performance measurement and improved decision
support is the top priority for the finance function
through 2020. Among senior finance professionals
participating in the 2014 EY Global Insurance CFO
Survey, 71% indicated that “being a better business
partner” ranked among their top three priorities,
with 35% placing this as number one.
Silicon Valley Bank’s Trends in Healthcare Investments and Exits report analyzes the fundraising, investment, M&A and IPO activity of private, venture-backed biopharma, medical device and diagnostic/tools companies. Report author Jon Norris also gives his annual forecast of what’s likely to happen in 2016.
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
Every year Upfront Ventures surveys our peer group for their sentiment on the fund raising environment, burn rates, areas of technology interest and the year ahead. This report summarizes the views as of January 2017.
Breakfast Forum: The Current State of the Capital Markets 2015BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the Current State of the Capital Markets. Speakers included:
• Drew Kanaly, Kanaly Trust – Equity & the Public Markets
• Colt Luedde, GulfStar Group – Private Equity and M&A
• Brandon Annett, Texas Capital Bank – Commercial Banking & Real Estate Lending
The State of the Venture Capital Industry is an annual report produced by TrueBridge Capital Partners highlighting the trends in venture fundraising, investing, valuations, exits, and performance.
All data sourced from Dow Jones VentureSource, Dow Jones LP Source, CB Insights, PitchBook, and Cambridge Associates.
Eric Jackson's presentation to Yahoo outlining his plan to slash the company’s workforce by 75%, replace Marissa Mayer with an operations-focused CEO and bring in a strategic partner to help navigate the tax issues surrounding its Asian assets.
Source: http://www.wsj.com/public/resources/documents/yahoopresentation.pdf
Delivering more value to the business through
performance measurement and improved decision
support is the top priority for the finance function
through 2020. Among senior finance professionals
participating in the 2014 EY Global Insurance CFO
Survey, 71% indicated that “being a better business
partner” ranked among their top three priorities,
with 35% placing this as number one.
Silicon Valley Bank’s Trends in Healthcare Investments and Exits report analyzes the fundraising, investment, M&A and IPO activity of private, venture-backed biopharma, medical device and diagnostic/tools companies. Report author Jon Norris also gives his annual forecast of what’s likely to happen in 2016.
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
Every year Upfront Ventures surveys our peer group for their sentiment on the fund raising environment, burn rates, areas of technology interest and the year ahead. This report summarizes the views as of January 2017.
Breakfast Forum: The Current State of the Capital Markets 2015BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the Current State of the Capital Markets. Speakers included:
• Drew Kanaly, Kanaly Trust – Equity & the Public Markets
• Colt Luedde, GulfStar Group – Private Equity and M&A
• Brandon Annett, Texas Capital Bank – Commercial Banking & Real Estate Lending
Why the Stakes are Higher for Corporate VenturingWellspring
Top global firms increasingly use corporate venture capital (CVC) as part of their innovation strategy. The corporate venturing market has expanded as deal sizes grow and new players seek investment in strategic technology. The competition benefits consumers who gain access to newer, innovative products, but it poses a significant challenge to firms that must find quality proprietary deals to fuel future growth.
Get the full results of the GCV corporate venturing survey at:
www.wellspring.com/Global-Corporate-Venturing
Factors Influencing the Growth of Venture CapitalIntroduct.docxmecklenburgstrelitzh
Factors Influencing the Growth of Venture Capital
Introduction
Many people dream of starting their businesses. There are several reasons why entrepreneurs would be willing to start their businesses. However, many of them get stuck because of a lack of capital since many financial institutions don't lend in the absence of collateral security. Some get lucky enough to get financial support from their savings or families and friends. But for others, there is only one alternative to obtain funds and start their businesses, and that is through venture capital. This is a part of private equity capital that is normally given for new start-ups that promise potential growth in the aim of getting a return on investment. In other words, venture capital investment is generally refers to cash in exchange for a share in the invested business.
Structure of Venture Capital
Venture capitalists (VC) refer to an investment firm or a person making venture investments. Apart from the issuance of capital, venture capitalists (VCs) also play a role in managing the business at an early stage, thus adding expertise skills. Kwak (2019) tells us that because there is a high risk of losing all investment in a given start-up company, most venture capital investments are done a pool format, where investors combine their portfolios into one large fund that invests in different start-ups. By doing this, they spread out risks hence improve their return on investments
According to Wallmeroth, Wirtz & Groh (2018), venture capital is generally used as a tool for economic development in underdeveloped countries. For the past few decades, venture capital has attained substantial growth especially in the developing economies where a considerable increase in economic activities has been observed of late. The main reason for this could be the search for different profitable markets that have gone through economic maturity, given that the developed markets have shown a slight decrease in profitability levels due to trade wars currently at play. Despite venture capital being widely disseminated worldwide, but the activity is mostly concentrated in America. In this paper, I will aim to understand the factors that drive the growth of venture capital.
Motives that drive Venture Capital
The venture capital market contains three elements namely management organization, capitalists, and invested corporations. In simplifying the dynamic market, capitalists invest their investments which are controlled by management organizations, which in turn, buy a stake in investment firms for a specified period (Maula, Autio & Murray, 2010).
· Organization Innovativeness
To clearly illustrate motives for venture capital, it’s essential to analyze the level of growth and development as a result of the effectiveness of measures at the organizational level. Generally, the organizations’ interest in creating venture funds has been largely influenced by the venture capital climate. Most companies gene.
Factors Influencing the Growth of Venture CapitalIntroduct.docxlmelaine
Factors Influencing the Growth of Venture Capital
Introduction
Many people dream of starting their businesses. There are several reasons why entrepreneurs would be willing to start their businesses. However, many of them get stuck because of a lack of capital since many financial institutions don't lend in the absence of collateral security. Some get lucky enough to get financial support from their savings or families and friends. But for others, there is only one alternative to obtain funds and start their businesses, and that is through venture capital. This is a part of private equity capital that is normally given for new start-ups that promise potential growth in the aim of getting a return on investment. In other words, venture capital investment is generally refers to cash in exchange for a share in the invested business.
Structure of Venture Capital
Venture capitalists (VC) refer to an investment firm or a person making venture investments. Apart from the issuance of capital, venture capitalists (VCs) also play a role in managing the business at an early stage, thus adding expertise skills. Kwak (2019) tells us that because there is a high risk of losing all investment in a given start-up company, most venture capital investments are done a pool format, where investors combine their portfolios into one large fund that invests in different start-ups. By doing this, they spread out risks hence improve their return on investments
According to Wallmeroth, Wirtz & Groh (2018), venture capital is generally used as a tool for economic development in underdeveloped countries. For the past few decades, venture capital has attained substantial growth especially in the developing economies where a considerable increase in economic activities has been observed of late. The main reason for this could be the search for different profitable markets that have gone through economic maturity, given that the developed markets have shown a slight decrease in profitability levels due to trade wars currently at play. Despite venture capital being widely disseminated worldwide, but the activity is mostly concentrated in America. In this paper, I will aim to understand the factors that drive the growth of venture capital.
Motives that drive Venture Capital
The venture capital market contains three elements namely management organization, capitalists, and invested corporations. In simplifying the dynamic market, capitalists invest their investments which are controlled by management organizations, which in turn, buy a stake in investment firms for a specified period (Maula, Autio & Murray, 2010).
· Organization Innovativeness
To clearly illustrate motives for venture capital, it’s essential to analyze the level of growth and development as a result of the effectiveness of measures at the organizational level. Generally, the organizations’ interest in creating venture funds has been largely influenced by the venture capital climate. Most companies gene ...
A massive transformation is underway in the startup-funding ecosystem; the shift towards democratizing fundraising has meant that startups at every stage of the development cycle have greater access to capital than ever before. This new generation of fundraising has seen unprecedented growth of 167% in 2014, with an estimated global funding volume of $16.2billion (USD) rapidly proving to be a force capable of bridging the liquidity gap, and
reducing industry fragmentation for early stage startups.
The economic downturn of 2007 was a defining period in the fundraising ecosystem, and ultimately the marker responsible for changing the course of fundraising. Consequently, we have observed VC’s opting to de-risk their portfolios to later stage revenue generating firms, angels and super-angels are stepping in to fill the gaps where they are participating in much larger early-stage rounds, and finally, crowdfunding has seen explosive growth as an innovative new funding vehicle for very early stage startups and SMEs alike.
PwC Presents: VC Investing – Major trends of the first half of 2014 and predi...Proformative, Inc.
As we predicted in our last Proformative VC update, 2014 is turning into an exciting year for venture capital, with increased investing activity and headline-grabbing exits. Please join representatives from PwC’s Emerging Company Services Group as they provide an overview of recent venture capital investment trends, interpreting findings from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, based on data from Thomson Reuters.
Financial Structure and the Financial Performance of Quoted Consumer Goods Fi...ijtsrd
The study investigated the effect of financial structure on the financial performance of quoted consumer goods firms in Nigeria. The study used profit after tax PAT to represented financial performance as the dependent variable while financial structure was disintegrated into Short Term Debt STD , Long Term Debt LTD , share capital SC and retained earnings RE as the independent variable. The data for the study were obtained from the Financial Statement and Annual Reports of the selected firms. The data set comprised fifty 50 observations comprising five year time series data spanning 2010 to 2019 from ten firms in the consumer goods sector. The panel regression technique based on Fixed and Random Effects were used for data analyses. The Hausman test showed that the Fixed Effect model is more suitable for the study. The findings revealed that STD and SC have significant positive effects on the PAT of consumer goods firms in Nigeria while LTD and RE were found to have positive but no significant effect on the PAT of consumer goods firms in Nigeria. The study conclude that b working capital management is an efficient tool for the consumer goods subsector in Nigeria. Among the contributions of the study is the use of all the four sources of funds and the use of profit after tax that tends to capture the overall effect of the various fund sources on the holistic profitability of the consumer goods firms. The recommendations included use of share capital for long term investment and working capital management for operations. Daniel, Prince Chinwendu | Dr. Joseph A. Nduka "Financial Structure and the Financial Performance of Quoted Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd37967.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/37967/financial-structure-and-the-financial-performance-of-quoted-consumer-goods-firms-in-nigeria/daniel-prince-chinwendu
A presentation delivered June 4, 2009 describing the impact of the economic crisis on venture and angel investing and common sense steps for fundraising for Medical Device Startups. No one is an expert now.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
1. Emily Mendell, NVCA, 610-565-3904, emendell@nvca.org
Matthew Toole, Thomson Financial, 646-822-7560, matthew.toole@thomson.com
Sandy Anglin, Thomson Financial, 646-822-7334, sandy.anglin@thomson.com
Lisa Peterson, Porter Novelli for PricewaterhouseCoopers, 512-241-2233, lisa.peterson@porternovelli.com
CORPORATE VENTURE CAPITAL INVESTMENT AT HIGHEST LEVELS SINCE 2001
Both Deal Volume and Dollars Invested Extremely Strong in First Half of 2007
New York, August 30, 2007 – Corporate venture capitalists invested $1.3 billion into 390 deals in the first
half of 2007, representing the highest percentage of corporate venture deals and dollars since 2001
according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital
Association (NVCA) based on Thomson Financial data. In the first two quarters of 2007, corporate venture
capital groups participated in 21.4 percent of the total deals and invested 9.2 percent of the total dollars.
This compares favorably to the same period in 2006 when corporate venture capitalists invested $1.0
billion into 352 deals, accounting for 19.8 percent of all deals and 7.5 percent of total dollars.
“Despite uncertainty in the US economy, those corporations engaging in venture capital activity are
stepping up to the highest levels post-bubble,” said Mark Heesen, president of the NVCA. “In doing so,
they are supporting some of the most exciting start-ups in their respective industries while providing
themselves access to cutting edge innovations. If corporate venture investment continues at this pace, we
could see all-time record levels in the near future.”
Corporate venture capital is defined as operating corporations investing directly in portfolio companies,
either on a sole basis or alongside traditional, independent venture capital funds. These corporate entities
are in some cases referred to as strategic investors.
quot;Corporate venture capital partnerships are vital to a robust global entrepreneurial ecosystem,quot; said Claudia
Fan Munce, managing director, IBM Venture Capital Group. quot;Not only does corporate venture capital offer
business and technological expertise to start-ups, through IBM’s global ecosystem, these young companies
have access to researchers, engineers, developers and most importantly, a channel to a global market of
more than 170 countries. This access is critical in giving portfolio companies an advantage in a highly
competitive marketplace.quot;
Corporate Investment Total Investment
Deals Investment Deals Investment % of
($mil) ($mil) Total $
1999 1,301 8,124.9 5,508 54,150.2 15.0%
2000 2,123 16,534.8 7,913 105,239.4 15.7%
2001 1,005 4,901.6 4,478 40,642.6 12.1%
2002 577 1,910.5 3,093 21,988.4 8.7%
2003 461 1,269.0 2,911 19,735.5 6.4%
2004 567 1,488.3 3,072 22,472.7 6.6%
2005 578 1,501.4 3,128 23,034.7 6.5%
2006 671 1,936.3 3,567 26,344.9 7.3%
2007 390 1,337.6 1,824 14,515.6 9.2%
2. “We are pleased to see that corporate investments and dollars invested are both on the rise,” said Arvind
Sodhani, president of Intel Capital. “With over $1 billion invested by Intel Capital in 2006, our global
experience reflects this trend. Corporate investors are in a unique position to nurture portfolio companies to
success while making significant financial returns.”
Corporate venture capital, although lower in magnitude than private independent firms, is an excellent
barometer of market optimism for this asset class,” says Darrell Pinto, Director of Global Private Equity at
Thomson Financial, “The positive momentum in corporate earnings and corporate M&A levels are
complemented by an increasing allocation of corporate dollars to innovation which will likely fuel the
continued year-over-year improvement in venture capital disbursements.”
In the first half of 2007, investment was heaviest in the Software, Biotechnology and Medical Devices and
Equipment sectors. Software accounted for 20% of total investment compared to 14% in the same period
of 2006. Biotechnology and Medical Devices and Equipment account for 19% and 15%, respectively.
“Strong investments from these corporations demonstrate a significant trend in terms of a growing
reassurance in the marketplace,” said Tracy Lefteroff, global managing partner of the venture capital
practice at PricewaterhouseCoopers. “These entrepreneurs represent some of the best and brightest
thinkers of today and the increased level of funding from corporations is allowing them to continue
building intelligent technologies. The future is bright for the progressive companies that are developing
our technology of tomorrow.”
Corporate investments were heaviest in Expansion and Later Stage companies in the first half of 2007,
consistent with 2006 activity.
quot;The positive development of the corporate venture capital market will help entrepreneurs to implement
new businesses. Siemens Venture Capital plays an active role in the growth of its portfolio companies by
providing strategic management guidance and access to Siemens' global network of internal and external
resources,quot; said Dr. Ralf Schnell, president and CEO Siemens Venture Capital.
Note to the Editor
Information included in this release or related venture capital investment data should be cited in the
following way: “The MoneyTree™ Report by PricewaterhouseCoopers and the National Venture Capital
Association based on data from Thomson Financial”, or “PwC/NVCA MoneyTree™ Report based on data
from Thomson Financial.” After the first reference, subsequent references may refer to PwC/NVCA
MoneyTree Report, PwC/NVCA or MoneyTree Report. Charts and tables displaying the data are sourced
to “PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, Data: Thomson
Financial”. After the first reference, subsequent references may refer to PwC/NVCA MoneyTree Report,
PwC/NVCA, MoneyTree Report or MoneyTree.
About the PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report
The MoneyTree™ Report measures cash-for-equity investments by the professional venture capital
community in private emerging companies in the U.S. It is based on data provided by Thomson Financial.
The survey includes the investment activity of professional venture capital firms with or without a US
office, SBICs, venture arms of corporations, institutions, investment banks and similar entities whose
primary activity is financial investing. Where there are other participants such as angels, corporations, and
governments in a qualified and verified financing round the entire amount of the round is included.
Qualifying transactions include cash investments by these entities either directly or by participation in
various forms of private placement. All recipient companies are private, and may have been newly-created
or spun-out of existing companies.
3. The survey excludes debt, buyouts, recapitalizations, secondary purchases, IPOs, investments in public
companies such as PIPES (private investments in public entities), investments for which the proceeds are
primarily intended for acquisition such as roll-ups, change of ownership, and other forms of private equity
that do not involve cash such as services-in-kind and venture leasing.
Investee companies must be domiciled in one of the 50 US states or DC even if substantial portions of their
activities are outside the United States.
Data is primarily obtained from a quarterly survey of venture capital practitioners conducted by Thomson
Financial. Information is augmented by other research techniques including other public and private
sources. All data is subject to verification with the venture capital firms and/or the investee companies.
Only professional independent venture capital firms, institutional venture capital groups, and recognized
corporate venture capital groups are included in venture capital industry rankings.
MoneyTree Report results are available online at www.pwcmoneytree.com and www.nvca.org.
The National Venture Capital Association (NVCA) represents approximately 480 venture capital and
private equity firms. NVCA's mission is to foster greater understanding of the importance of venture capital
to the U.S. economy, and support entrepreneurial activity and innovation. According to a 2007 Global
Insight study, venture-backed companies accounted for 10.4 million jobs and $2.3 trillion in revenue in the
U.S. in 2006. The NVCA represents the public policy interests of the venture capital community, strives to
maintain high professional standards, provides reliable industry data, sponsors professional development,
and facilitates interaction among its members. For more information about the NVCA, please visit
www.nvca.org.
The PricewaterhouseCoopers Private Equity & Venture Capital Practice is part of the Global
Technology Industry Group, www.pwcglobaltech.com. The group is comprised of industry professionals
who deliver a broad spectrum of services to meet the needs of fast-growth technology start-ups and agile,
global giants in key industry segments: Networking & Computers, Software & Internet, Semiconductors,
Life Sciences and Private Equity & Venture Capital. PricewaterhouseCoopers is a recognized leader in
each industry segment with services for technology clients in all stages of growth.
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services
to build public trust and enhance value for its clients and their stakeholders. More than 140,000 people in
149 countries across our network share their thinking, experience and solutions to develop fresh
perspectives and practical advice.
“PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International
Limited, each of which is a separate and independent legal entity.
Thomson Financial, with 2006 revenues of US$2 billion, is a provider of information and technology
solutions to the worldwide financial community. Through the widest range of products and services in the
industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more
productive and achieve superior results. Thomson Financial is part of The Thomson Corporation
(www.thomson.com), a global leader in providing essential electronic workflow solutions to business and
professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added
information, software tools and applications to professionals in the fields of law, tax, accounting, financial
services, scientific research and healthcare. The Corporation's common shares are listed on the New York
and Toronto stock exchanges (NYSE: TOC; TSX: TOC).