SlideShare a Scribd company logo
National Venture Capital Association Venture Capital’s Voice: Public Policy & American Competitiveness Robert E. Grady Managing Director, The Carlyle Group Chairman, NVCA Chicago, Illinois December 6, 2006
The Role of Venture Capital in the US Economy
Venture Capital has grown up Source: 2004 NVCA Yearbook, prepared by Venture Economics, page 18
Venture Capital Has Been Good for Investors   Investment Horizon Performance - as of 6/30/06 11.7 6.2 10.2 5.6 NASDAQ 9.8 6.6 9.2 6.7 S&P 500 13.4 8.9 16.3 27.3 All Buyouts 16.5 20.8 9.0 16.2 All Venture 20 Year 10 Year 3 Year 1 Year Fund Type
Venture Capital:  America’s Job-Creating Engine ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Venture Impact 2004 by Global Insight (Wharton/DRI)
Venture capital is invested broadly in the US Source: NVCA and Thomson VentureXpert, 2006. 1970 1980 1990 2005
Jobs in All 50 States ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Venture Impact 2004 by Global Insight
VC’s Contribution to Productivity : Annual Productivity Growth: 1970s vs. 1990s Source: U.S. Bureau of Economic Analysis, 2006. 1 Growth in output per person Growth in output per person
Market Trends: Venture Capital Today
VC Fundraising 1996 – 2006 (thru Q3) Source: VentureXpert™ Database by VE & NVCA
Computer Hardware Sales Source: U.S. Bureau of Economic Analysis, 2006.
Computer Software Sales Source: U.S. Bureau of Economic Analysis, 2006 .
RFID Hardware Sales Source: Gartner, Sept 2005.
Venture Capital Investment Q1 2002 – Q3 2006 Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report; Data: Thomson Financial
Cell Phone Users Source: IDC, April 2005. (# in mils)
Mobile Device Explosion Source: IDC, April 2005 (# in mil) Source: Motorola, October 2006 Time to achieve 1st billion users:   20 years Time to achieve 2nd  billion users:   3 years Time to achieve 3rd billion users:   2 years
Rapid Growth in Medical Devices ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Frost & Sullivan ($ in billions) U.S. MEDICAL DEVICE INDUSTRY: REVENUE FORECASTS, 2001 – 2011
Software as a Service/”On Demand” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],U.S. On-demand software revenues Source: IDC $ in mil 2004-09 CAGR: 28%
Tech IPOs Enter 6 th  Year of Darkness Source:  America’s Growth Capital
Venture Exit Counts-  IPOs and M&A  by  Year Source: Thomson Financial/National Venture Capital Association
M&A vs. IPO for Venture Exits Source: National Venture Capital Association.
Storm Clouds Confronting  the U.S. Venture Capital Industry (partial list) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What We Are Doing About It: NVCA’s Public Policy Agenda
“ MAGNET USA” :  A Competitiveness Agenda for America ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
NVCA Public Policy Philosophy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sarbanes-Oxley/Capital Markets Reform ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sarbanes-Oxley/Capital Markets Reform ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Commission on Capital Markets Reform (“The Scott Commission”) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Will the US continue as the home of the capital markets? # 2005 New Listings 2005 Average Deal Size for New Listings ($ mil)
Immigration and H1-B Visas ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Highlights of “American Made” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Immigration: Where We Stand ,[object Object],[object Object],[object Object],[object Object]
Declining number of H1-B visas Source: Bureau of Consular Affairs, U.S. Department of State. (‘000s)
R&D Funding ,[object Object],[object Object],[object Object]
Education ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Legislative/Regulatory Challenges Ahead ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How We Can Work Together ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
www.nvca.org

More Related Content

Similar to The Role of Venture Capital in the US Economy

2007 Dual Use Defense Info Briefing - Feb 26 2007
2007 Dual Use Defense Info Briefing - Feb 26 20072007 Dual Use Defense Info Briefing - Feb 26 2007
2007 Dual Use Defense Info Briefing - Feb 26 2007Ian Kitajima
 
Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...
Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...
Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...
brzy56
 
Southern California Next Tech Hub
Southern California Next Tech Hub Southern California Next Tech Hub
Southern California Next Tech Hub
Michael Schaffer
 
Aic fall-report-2017 (1)
Aic fall-report-2017 (1)Aic fall-report-2017 (1)
Aic fall-report-2017 (1)
Graham Rotenberg
 
Dual Use Hawaii presents at the Hawaii Venture Capital Association Meeting
Dual Use Hawaii presents at the Hawaii Venture Capital Association MeetingDual Use Hawaii presents at the Hawaii Venture Capital Association Meeting
Dual Use Hawaii presents at the Hawaii Venture Capital Association MeetingIan Kitajima
 
Winning in the New Innovation-Based Global Economy: Is Boosting the Supply Si...
Winning in the New Innovation-Based Global Economy:Is Boosting the Supply Si...Winning in the New Innovation-Based Global Economy:Is Boosting the Supply Si...
Winning in the New Innovation-Based Global Economy: Is Boosting the Supply Si...
guest8f82af
 
The Entrepreneurial (Risk-Taking) State
The Entrepreneurial (Risk-Taking) State The Entrepreneurial (Risk-Taking) State
The Entrepreneurial (Risk-Taking) State
imec
 
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Aniket Patel
 
NCTA Presentation June 17 2011
NCTA Presentation June 17 2011NCTA Presentation June 17 2011
NCTA Presentation June 17 2011
chrisbeacham
 
2014 business briefing_humancapital_final
2014 business briefing_humancapital_final2014 business briefing_humancapital_final
2014 business briefing_humancapital_final
Guy Masse
 
The ascent of real assets
The ascent of real assetsThe ascent of real assets
The ascent of real assets
The Economist Media Businesses
 
Golden age for technology and innovation vfinal acg
Golden age for technology and innovation vfinal acgGolden age for technology and innovation vfinal acg
Golden age for technology and innovation vfinal acg
Jeffrey Bussgang
 
File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009
guestcb0be68
 
File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009
hagestadwt
 
Tutt- Master's Thesis- Final
Tutt- Master's Thesis- FinalTutt- Master's Thesis- Final
Tutt- Master's Thesis- FinalJoseph D. Tutt
 
Fastest Growing Regions for VC Outside Silicon Valley
  	Fastest Growing Regions for VC Outside Silicon Valley    	Fastest Growing Regions for VC Outside Silicon Valley
Fastest Growing Regions for VC Outside Silicon Valley mensa25
 
AeA report - Losing the Competitive Advantage
AeA report - Losing the Competitive AdvantageAeA report - Losing the Competitive Advantage
AeA report - Losing the Competitive AdvantageMatthew Kazmierczak
 
Uncovering Hidden Talent Aneesh Chopra
Uncovering Hidden Talent   Aneesh ChopraUncovering Hidden Talent   Aneesh Chopra
Uncovering Hidden Talent Aneesh Chopra
taylorpettis
 
Super Return Final
Super Return FinalSuper Return Final
Super Return Finaldanprimack
 
Rubenstein SuperReturn Presentation
Rubenstein SuperReturn PresentationRubenstein SuperReturn Presentation
Rubenstein SuperReturn Presentationdanprimack
 

Similar to The Role of Venture Capital in the US Economy (20)

2007 Dual Use Defense Info Briefing - Feb 26 2007
2007 Dual Use Defense Info Briefing - Feb 26 20072007 Dual Use Defense Info Briefing - Feb 26 2007
2007 Dual Use Defense Info Briefing - Feb 26 2007
 
Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...
Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...
Venture Capital Growth in Southern California, Bree Nguyen: 2012 CSU Statewid...
 
Southern California Next Tech Hub
Southern California Next Tech Hub Southern California Next Tech Hub
Southern California Next Tech Hub
 
Aic fall-report-2017 (1)
Aic fall-report-2017 (1)Aic fall-report-2017 (1)
Aic fall-report-2017 (1)
 
Dual Use Hawaii presents at the Hawaii Venture Capital Association Meeting
Dual Use Hawaii presents at the Hawaii Venture Capital Association MeetingDual Use Hawaii presents at the Hawaii Venture Capital Association Meeting
Dual Use Hawaii presents at the Hawaii Venture Capital Association Meeting
 
Winning in the New Innovation-Based Global Economy: Is Boosting the Supply Si...
Winning in the New Innovation-Based Global Economy:Is Boosting the Supply Si...Winning in the New Innovation-Based Global Economy:Is Boosting the Supply Si...
Winning in the New Innovation-Based Global Economy: Is Boosting the Supply Si...
 
The Entrepreneurial (Risk-Taking) State
The Entrepreneurial (Risk-Taking) State The Entrepreneurial (Risk-Taking) State
The Entrepreneurial (Risk-Taking) State
 
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
 
NCTA Presentation June 17 2011
NCTA Presentation June 17 2011NCTA Presentation June 17 2011
NCTA Presentation June 17 2011
 
2014 business briefing_humancapital_final
2014 business briefing_humancapital_final2014 business briefing_humancapital_final
2014 business briefing_humancapital_final
 
The ascent of real assets
The ascent of real assetsThe ascent of real assets
The ascent of real assets
 
Golden age for technology and innovation vfinal acg
Golden age for technology and innovation vfinal acgGolden age for technology and innovation vfinal acg
Golden age for technology and innovation vfinal acg
 
File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009
 
File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009File Mn Ti E 120939s34m1212132009
File Mn Ti E 120939s34m1212132009
 
Tutt- Master's Thesis- Final
Tutt- Master's Thesis- FinalTutt- Master's Thesis- Final
Tutt- Master's Thesis- Final
 
Fastest Growing Regions for VC Outside Silicon Valley
  	Fastest Growing Regions for VC Outside Silicon Valley    	Fastest Growing Regions for VC Outside Silicon Valley
Fastest Growing Regions for VC Outside Silicon Valley
 
AeA report - Losing the Competitive Advantage
AeA report - Losing the Competitive AdvantageAeA report - Losing the Competitive Advantage
AeA report - Losing the Competitive Advantage
 
Uncovering Hidden Talent Aneesh Chopra
Uncovering Hidden Talent   Aneesh ChopraUncovering Hidden Talent   Aneesh Chopra
Uncovering Hidden Talent Aneesh Chopra
 
Super Return Final
Super Return FinalSuper Return Final
Super Return Final
 
Rubenstein SuperReturn Presentation
Rubenstein SuperReturn PresentationRubenstein SuperReturn Presentation
Rubenstein SuperReturn Presentation
 

More from Mark J. Feldman

Venture Capital Deal Terms
Venture Capital Deal TermsVenture Capital Deal Terms
Venture Capital Deal TermsMark J. Feldman
 
How Venture Capitalist (VC) Firms Screen Deals
How Venture Capitalist (VC) Firms Screen DealsHow Venture Capitalist (VC) Firms Screen Deals
How Venture Capitalist (VC) Firms Screen Deals
Mark J. Feldman
 
Massachusetts - Israel Cleantech Opportunities
Massachusetts - Israel Cleantech OpportunitiesMassachusetts - Israel Cleantech Opportunities
Massachusetts - Israel Cleantech Opportunities
Mark J. Feldman
 
The CleanTech Market Opportunity
The CleanTech Market OpportunityThe CleanTech Market Opportunity
The CleanTech Market OpportunityMark J. Feldman
 
Inside Google's Search Algorythm! (by Google Researchers)
Inside Google's Search Algorythm! (by Google Researchers)Inside Google's Search Algorythm! (by Google Researchers)
Inside Google's Search Algorythm! (by Google Researchers)
Mark J. Feldman
 
Email Marketing 101
Email Marketing 101Email Marketing 101
Email Marketing 101
Mark J. Feldman
 
Small Cap Value Equity Pitchbook
Small Cap Value Equity PitchbookSmall Cap Value Equity Pitchbook
Small Cap Value Equity PitchbookMark J. Feldman
 
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...
Mark J. Feldman
 
Cruz: Application-Transparent Distributed Checkpoint-Restart on Standard Oper...
Cruz:Application-Transparent Distributed Checkpoint-Restart on Standard Oper...Cruz:Application-Transparent Distributed Checkpoint-Restart on Standard Oper...
Cruz: Application-Transparent Distributed Checkpoint-Restart on Standard Oper...
Mark J. Feldman
 
Oracle 10g Application Server
Oracle 10g Application ServerOracle 10g Application Server
Oracle 10g Application Server
Mark J. Feldman
 
Choosing The Right Enterprise Antispyware Solution
Choosing The Right Enterprise Antispyware SolutionChoosing The Right Enterprise Antispyware Solution
Choosing The Right Enterprise Antispyware Solution
Mark J. Feldman
 
Surveillance for the Olympic games in Athens, 2004
Surveillance for the Olympic games in Athens, 2004Surveillance for the Olympic games in Athens, 2004
Surveillance for the Olympic games in Athens, 2004
Mark J. Feldman
 
Googlebase Information Pack for MLSs and MLS vendors
Googlebase Information Pack for MLSs and MLS vendorsGooglebase Information Pack for MLSs and MLS vendors
Googlebase Information Pack for MLSs and MLS vendors
Mark J. Feldman
 
Measurement and modeling of the web and related data sets
Measurement and modeling of the web and related data setsMeasurement and modeling of the web and related data sets
Measurement and modeling of the web and related data sets
Mark J. Feldman
 
Beginners Guide To Venture Capital
Beginners Guide To Venture CapitalBeginners Guide To Venture Capital
Beginners Guide To Venture Capital
Mark J. Feldman
 
II Security At Microsoft
II Security At MicrosoftII Security At Microsoft
II Security At Microsoft
Mark J. Feldman
 
McDonald's Worldwide Corporate Responsibility Report
McDonald's Worldwide Corporate Responsibility ReportMcDonald's Worldwide Corporate Responsibility Report
McDonald's Worldwide Corporate Responsibility Report
Mark J. Feldman
 
Sub Prime Explanation
Sub Prime ExplanationSub Prime Explanation
Sub Prime Explanation
Mark J. Feldman
 
Email Marketing Tips and Tricks
Email Marketing Tips and TricksEmail Marketing Tips and Tricks
Email Marketing Tips and Tricks
Mark J. Feldman
 
Email Marketing: Expand Your Reach, Grow Your Business
Email Marketing: Expand Your Reach, Grow Your BusinessEmail Marketing: Expand Your Reach, Grow Your Business
Email Marketing: Expand Your Reach, Grow Your Business
Mark J. Feldman
 

More from Mark J. Feldman (20)

Venture Capital Deal Terms
Venture Capital Deal TermsVenture Capital Deal Terms
Venture Capital Deal Terms
 
How Venture Capitalist (VC) Firms Screen Deals
How Venture Capitalist (VC) Firms Screen DealsHow Venture Capitalist (VC) Firms Screen Deals
How Venture Capitalist (VC) Firms Screen Deals
 
Massachusetts - Israel Cleantech Opportunities
Massachusetts - Israel Cleantech OpportunitiesMassachusetts - Israel Cleantech Opportunities
Massachusetts - Israel Cleantech Opportunities
 
The CleanTech Market Opportunity
The CleanTech Market OpportunityThe CleanTech Market Opportunity
The CleanTech Market Opportunity
 
Inside Google's Search Algorythm! (by Google Researchers)
Inside Google's Search Algorythm! (by Google Researchers)Inside Google's Search Algorythm! (by Google Researchers)
Inside Google's Search Algorythm! (by Google Researchers)
 
Email Marketing 101
Email Marketing 101Email Marketing 101
Email Marketing 101
 
Small Cap Value Equity Pitchbook
Small Cap Value Equity PitchbookSmall Cap Value Equity Pitchbook
Small Cap Value Equity Pitchbook
 
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS: Considerations for Securitizati...
 
Cruz: Application-Transparent Distributed Checkpoint-Restart on Standard Oper...
Cruz:Application-Transparent Distributed Checkpoint-Restart on Standard Oper...Cruz:Application-Transparent Distributed Checkpoint-Restart on Standard Oper...
Cruz: Application-Transparent Distributed Checkpoint-Restart on Standard Oper...
 
Oracle 10g Application Server
Oracle 10g Application ServerOracle 10g Application Server
Oracle 10g Application Server
 
Choosing The Right Enterprise Antispyware Solution
Choosing The Right Enterprise Antispyware SolutionChoosing The Right Enterprise Antispyware Solution
Choosing The Right Enterprise Antispyware Solution
 
Surveillance for the Olympic games in Athens, 2004
Surveillance for the Olympic games in Athens, 2004Surveillance for the Olympic games in Athens, 2004
Surveillance for the Olympic games in Athens, 2004
 
Googlebase Information Pack for MLSs and MLS vendors
Googlebase Information Pack for MLSs and MLS vendorsGooglebase Information Pack for MLSs and MLS vendors
Googlebase Information Pack for MLSs and MLS vendors
 
Measurement and modeling of the web and related data sets
Measurement and modeling of the web and related data setsMeasurement and modeling of the web and related data sets
Measurement and modeling of the web and related data sets
 
Beginners Guide To Venture Capital
Beginners Guide To Venture CapitalBeginners Guide To Venture Capital
Beginners Guide To Venture Capital
 
II Security At Microsoft
II Security At MicrosoftII Security At Microsoft
II Security At Microsoft
 
McDonald's Worldwide Corporate Responsibility Report
McDonald's Worldwide Corporate Responsibility ReportMcDonald's Worldwide Corporate Responsibility Report
McDonald's Worldwide Corporate Responsibility Report
 
Sub Prime Explanation
Sub Prime ExplanationSub Prime Explanation
Sub Prime Explanation
 
Email Marketing Tips and Tricks
Email Marketing Tips and TricksEmail Marketing Tips and Tricks
Email Marketing Tips and Tricks
 
Email Marketing: Expand Your Reach, Grow Your Business
Email Marketing: Expand Your Reach, Grow Your BusinessEmail Marketing: Expand Your Reach, Grow Your Business
Email Marketing: Expand Your Reach, Grow Your Business
 

Recently uploaded

The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
Ben Wann
 
Auditing study material for b.com final year students
Auditing study material for b.com final year  studentsAuditing study material for b.com final year  students
Auditing study material for b.com final year students
narasimhamurthyh4
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Boris Ziegler
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
dylandmeas
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
WilliamRodrigues148
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 

Recently uploaded (20)

The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Business Valuation Principles for Entrepreneurs
Business Valuation Principles for EntrepreneursBusiness Valuation Principles for Entrepreneurs
Business Valuation Principles for Entrepreneurs
 
Auditing study material for b.com final year students
Auditing study material for b.com final year  studentsAuditing study material for b.com final year  students
Auditing study material for b.com final year students
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
Agency Managed Advisory Board As a Solution To Career Path Defining Business ...
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 

The Role of Venture Capital in the US Economy

  • 1. National Venture Capital Association Venture Capital’s Voice: Public Policy & American Competitiveness Robert E. Grady Managing Director, The Carlyle Group Chairman, NVCA Chicago, Illinois December 6, 2006
  • 2. The Role of Venture Capital in the US Economy
  • 3. Venture Capital has grown up Source: 2004 NVCA Yearbook, prepared by Venture Economics, page 18
  • 4. Venture Capital Has Been Good for Investors Investment Horizon Performance - as of 6/30/06 11.7 6.2 10.2 5.6 NASDAQ 9.8 6.6 9.2 6.7 S&P 500 13.4 8.9 16.3 27.3 All Buyouts 16.5 20.8 9.0 16.2 All Venture 20 Year 10 Year 3 Year 1 Year Fund Type
  • 5.
  • 6. Venture capital is invested broadly in the US Source: NVCA and Thomson VentureXpert, 2006. 1970 1980 1990 2005
  • 7.
  • 8. VC’s Contribution to Productivity : Annual Productivity Growth: 1970s vs. 1990s Source: U.S. Bureau of Economic Analysis, 2006. 1 Growth in output per person Growth in output per person
  • 9. Market Trends: Venture Capital Today
  • 10. VC Fundraising 1996 – 2006 (thru Q3) Source: VentureXpert™ Database by VE & NVCA
  • 11. Computer Hardware Sales Source: U.S. Bureau of Economic Analysis, 2006.
  • 12. Computer Software Sales Source: U.S. Bureau of Economic Analysis, 2006 .
  • 13. RFID Hardware Sales Source: Gartner, Sept 2005.
  • 14. Venture Capital Investment Q1 2002 – Q3 2006 Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report; Data: Thomson Financial
  • 15. Cell Phone Users Source: IDC, April 2005. (# in mils)
  • 16. Mobile Device Explosion Source: IDC, April 2005 (# in mil) Source: Motorola, October 2006 Time to achieve 1st billion users: 20 years Time to achieve 2nd billion users: 3 years Time to achieve 3rd billion users: 2 years
  • 17.
  • 18.
  • 19. Tech IPOs Enter 6 th Year of Darkness Source: America’s Growth Capital
  • 20. Venture Exit Counts- IPOs and M&A by Year Source: Thomson Financial/National Venture Capital Association
  • 21. M&A vs. IPO for Venture Exits Source: National Venture Capital Association.
  • 22.
  • 23. What We Are Doing About It: NVCA’s Public Policy Agenda
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29. Will the US continue as the home of the capital markets? # 2005 New Listings 2005 Average Deal Size for New Listings ($ mil)
  • 30.
  • 31.
  • 32.
  • 33. Declining number of H1-B visas Source: Bureau of Consular Affairs, U.S. Department of State. (‘000s)
  • 34.
  • 35.
  • 36.
  • 37.