Date post: | 21-Oct-2014 |
Category: |
Economy & Finance |
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1--Confidential
What Makes Boston’s Start-Up Scene Special?
Jeff BussgangGeneral Partner
Flybridge Capital Partners
Fall 2013
2--Confidential
Intellectual Capital – academia, innovation, diverse industries and ideas
Venture Capital
Advisors, Angels, Accelerators
Successful Companies – to partner, poach and/or sell to
Ingredients for a Vibrant Start-Up Ecosystem
3--Confidential
Historical Leadership
4--Confidential
MIT – Factory of Innovation
33,600 companies, 300
each year, employ 3.3
million people, generate
sales of $2 trillion,
300+ patents each year
5--Confidential
Harvard – The Business-Side Partner
6--Confidential
Other Colleges and Universities
74 colleges and universities in
Boston-area, 265,000 students, 8 research
universities pump $7 billion into economy, spending
$1.5 billion on
R&D yearly, 264 patents, 280 commercial licenses,
and 41 start-up companies.
7--Confidential
San Jose BOS/Cambr
SF/Oak LA NYC -
1,000
2,000
3,000
4,000
5,000
6,000
Patents Issued Per Capita (M) - 2011
2011
Innovation Leadership: Patents
Source: US Patent and Trademark Office
8--Confidential
Innovation Leadership: #1 NIH Funding
Source: NIH (2008); Center for an Urban Future
9--Confidential
Innovation Economy Is Densely Concentrated
10--Confidential
Geographic ClustersBenefits of High Concentration
495 Corridor
128 Corridor
Cambridge/Boston
11--Confidential
Boston’s Innovation District
12--Confidential
Kendall Square: Highest Density Cluster of Innovation on the Planet
13--Confidential
Next Up: Harvard - Allston
14--Confidential
Venture Capital: Regional Comparison
California: $14.1B
New York: $1.8B
Massachusetts: $3.0B
Total VC Investment 2012
Source: NVCA 2013 Yearbook
15--Confidential
Venture Capital Per Capita
California: $368/person
New York: $92/person
Massachusetts: $454/person
VC Investment Per Capita 2012
16--Confidential
Life Sciences Leadership
17--Confidential
Boston’s Energy Sector
18--Confidential
High Technology MicroClusters:For Example, Strength in Mobile
• Hundreds of iPhone developers in MA• Over 50 VC-backed mobile start-ups• Six 9-figure exits:
• Crashlytics (Twitter)• Jumptap (Millenial Media)• Where (PayPal)• Quattro (Apple)• Enpocket (Nokia)• M-Qube (Verisign)• Third Screen (AOL)
• Other mobile leaders• Adelphic Mobile• Fiksu• RunKeeper• SavingStar • SessionM• Skyhook
iPhone developers using location API
19--Confidential
Other MicroClusters
Robotic
s
Cloud Computing
Online Video
Gaming
E-
Commerce
Marketing Tech
Education
20--Confidential
Proximity to NYC: A Huge Plus
21--Confidential
Boston–Based Liquidity in Last 24 Months: IPOs
IPOs (17)
Market caps as of 09/5/2013* Indicates IPO filing
$360M*
$815M
$237M*
$580M
$286M
$392M
$1.3B
$848M
$193M
TBD*
$1.8B
$388M
$333M
$1.3B
$6.2M
$11.6B
$363M
22--Confidential
Boston–Based Liquidity in Last 24 Months: M&A
Market caps as of 09/5/2013
M&A >$500M (5)
$1.1B
$775M
$700M
$500M
$1.8B
23--Confidential
Emerging Platform CompaniesMarket Capitalization
Market caps as of 9/5/2013
$54B
$28B
$15B
$12B
$8B
$6B
$4B
$55B
$33B
$18B
$9B
$4B
$3B
24--Confidential
Expansion of Major Tech Companies
26--Confidential
Investors and Entrepreneurs to Follow
Investors Blog URL Twitter
Fred Destin / Atlas freddestin.com @fdestin
Rob Go / Next View robgo.org @robgo
Chip Hazard / Flybridge hazard.typepad.com @chazard
Bijan Sabet / Spark bijansabet.com @bijan
David Skok / Matrix forentrepreneurs.com @bostonvc
Michael Skok/Northbridge mjskok.com @mjskok
Entrepreneurs Blog URL Twitter
David Cancel/Hubspot davidcancel.com @dcancel
Wayne Chang/Crashlytics waynechang.com @wayne
Diane Hessan/Commun. @CommunispaceCEO
Rob May/Backupify coconutheadsets.com @robmay
Jules Pieri/ The Grommet jules.thegrommit.com @julespieri
Dharmesh Shah onstartups.com @dharmesh
27--Confidential
Harvard Start-up Resources
HBS EIRs2013
Ajay AgarwalGordon BloomChuck DavisDavid Hornik
Eric PaleyJules Pieri
Ruben PinchanskiRudina Seseri
Jim SharpeSteve Sydness
Diego RodriguezRay Rothrock
Tony TjanRuss Wilcox
Campus Resources
NYC STARTUP TREK
BOSTONTREK
28--Confidential
Conclusion: Boston Ranked #1 City of Global Innovation Economy
#1 Boston
www.massitsallhere.com