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Buzzient Perspectives on MA IT Startup Climate 2009


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Presentation made to Gov. Deval Patrick a couple of years ago with ideas on incentives to keep IT jobs in MA

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Buzzient Perspectives on MA IT Startup Climate 2009

  1. 1. Buzzient
Startup Climate February
2009Buzzient Confidential 1
  2. 2. “The Sucking Sound” • Information Technology jobs are steadily being siphoned off by other states  FLA, GA, VA, NC; even CA? • IT Startups with MA roots are finding that with the reduction in startup costs and current price deflation, MA location no longer provides significant competitive cost advantage • To counter this migration, MA state government should create incentives specifically targeted towards startups with potential to stay local and create IT jobsBuzzient Confidential 2
  3. 3. Suggested Incentives • To increase “stickiness” of MA-created startups, the following are suggested:  Startup Tax Exemption for 3-5 years  Exemption from Workforce Training Fund  Enhanced R&D Tax Credit  IT Education Tax Credit for Employers  Educational “Info-ring” with MA educational institutions  IT “Empowerment Zones”  Downtown Boston, Seaport, Lowell, Amherst,etc  Corporate AMT moratorium on companies located in these areas  Encourage Federal enhancement of SBA/SBIC program  Fund Emerging Managers; MA as a LP  Florida “Opportunity Fund”Buzzient Confidential 3
  4. 4. Buzzient OverviewTimothy B. Jones, CEO
  5. 5. Overview Buzzient provides analytic measurement of social media on the Internet for global enterprises. The Social Web The result: Blogs Actionable information Forums Social Media that helps increase top- Social networks Analytics Platform line growth & margins Wikis Etc.Buzzient Confidential 5
  6. 6. A
Defini.on Social media is the use of electronic and Internet tools for the purpose of sharing and discussing information and experiences with other human beings. Social Blogging User Photo & RSS Networks Reviews Video SharingBuzzient Confidential 6
  7. 7. What We Do: Web analytics ≠ social media analytics Corporate website The “Information Media sites Web” E-Commerce sites Blogs The “Social Web” Online discussion = the “dark matter” forums of the Internet Social Largely UNTAPPED networks by current solutions WikisBuzzient Confidential 7
  8. 8. Who We Are • Timothy Jones, CEO* • Andreas Goeldi, CTO* • A.R. Weiler, Interim CSO • Dean Nomura, Head of Partner Solutions • Richard Sawey, Head of Implementation Services • Dan Curtis, CFO • Ann Fudge*, BOD *Board of DirectorsBuzzient Confidential 8
  9. 9. Team Track Record• The Team and Advisors have successful exits with:• Namics (ACQ)• Sybase (IPO)• Scopus (IPO & ACQ)• Liberate (IPO)• Opnet (IPO)• OpenVision Technologies (IPO & ACQ)• Veritas Software (ACQ)Buzzient Confidential 9
  10. 10. Monitoring the Financial CrisisBuzzient Confidential 10
  11. 11. Contact: Timothy
Jones CEO,
Floor Cambridge,
02142 Ph: