Presented at SXSW 2015

1. Joshua Henderson
@joshuahenderson
DISRUPTING THE VENTURE
CAPITAL LANDSCAPE
#disruptvc
Lorrie Keating
Heinemann
Terry Chase Hazell
@terrychazell

2. *Analysis included states with at least 5 venture investors in 2009
VC Growth Outside of the
Major Markets

3. CA: 29.8B
NY: 4.8B
MA: 4.5B
TX: 1.75B
WI: 209M
Where Venture Capital Was
Invested in 2014

4. West Coast
CA, OR, WA, UT, CO, NV
Mid-West
IL, IN, MI, MO, MN, KS, OH, WI, IA
Southwest
TX, LA, NM, AZ, AR, OK
Southeast
NC, SC, GA, FL, AL
Mid-Atlantic
DE, DC, VA, MD, PA
New York
NY, NJ, CT
New England
MA, ME, VT, NH, RI
International
Israel
China
India
Africa
Europe
Canada
Australia
* Operational Companies
Companies in 39 states & 8 countries

5. 5
Wisconsin needs to create more startups
Wisconsin Ranks 45th
in startups!

6. BrightStar’s Job Creation Model
www.brightstarwi.org
Lheinemann@brightstarwi.org 6
Donors
Wealthy
Individuals
Corporate &
Family
Foundations
Co-Investors
Individual
Angels
Angel Funds
Early-Stage
Funds

7. 7
BrightStar Investments
1. Early stage, job creating companies in Wisconsin
2. BrightStar co-invests (vs. leads) into deals
3. Criteria for companies:
Patented or high barrier to entry
Large addressable market
Can scale up quickly
Management Team & Advisors
Participation an an accelerator a big plus
(gener8tor is a premiere WI accelerator)
Proof of Concept Commercialization Revenue

8. 2014 BrightStar Portfolio

9. BrightStar WI Job Metrics - 2014
www.brightstarwi.org

11. Joshua Henderson
@joshuahenderson
DISRUPTING THE VENTURE
CAPITAL LANDSCAPE
#disruptvc
Lorrie Keating
Heinemann
Terry Chase Hazell
@terrychazell