3. 3
Agenda
Q1 Industry Trends
-US Venture Capital
-NY Venture Capital
-Sectors
-Exits
First 100 days of 2013
-What We Are Looking At
-Opportunities for Co-Investment
4. 4
US Venture Capital Market – Hot Topics
Sources: CB Insights, VentureSource
•$6.9BN invested across 841 deals in Q1’13
-Flat quarter to quarter, but up 17% since Q1’12
-Average deal size $8.2MM
-Median deal size of $4.0MM
•“Series A Crunch”
-1,749 seed deals completed last year
-vs. 692 Series A deals completed last year
-Overhang of 1,057 deals (60%)
•Overhang is slowly shrinking
-194 Angel/Seed deals in Q1’13, up 31% year over year
-245 Series A deals in Q1’13, up 42% year over year
6. 6
But What About New York?
Sources: CB Insights
•Q1’13: 100 venture deals with $715MM invested
-Deals volume up 22% since Q1’12
-Average deal size $7.2MM
-Median deal size of $1.7MM
•Q1’13: 57 seed stage deals with $50.1MM invested
•Series A crunch more pronounced on west coast than
New York
9. 9
Sector Shifts
•SAAS (“Consumerization of the Enterprise”)
-Dropbox, Box.net, Yammer
•Connected hardware (“Internet of Things”)
-MYO, Fitbit, Nest, Square, Leap Motion, Google Glass
•Retail tech
-Nomi, Prism
•Will adtech come back in 2014?