Boston Startup Scene Presentation fall 2014 final
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Transcript of Boston Startup Scene Presentation fall 2014 final
1--Confidential
What Makes Boston’s Start-Up
Scene Special?
Jeff BussgangGeneral Partner, Flybridge Capital Partners
Senior Lecturer, Harvard Business School
Fall 2014
2--Confidential
Intellectual Capital – academia, innovation,
diverse industries and ideas
Advisors, Angels, Accelerators- seed $
Venture Capital – scale $, mentorship
Successful Companies – to partner, poach
and/or sell to
Ingredients for a Vibrant
Start-Up Ecosystem
7--Confidential
-
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 and Boston Redevelopment Authority (2013)
9--Confidential
Innovation Economy is Densely Concentrated
Population: 640k Boston, 4.5m Greater Boston Area
10--Confidential
Geographic Clusters
Benefits of High Concentration
495 Corridor
128 Corridor
Cambridge/Boston
14--Confidential
Venture Capital: Regional Comparison
California:
$94B
New York:
$20B
Massachusetts:
$33B
Total VC Capital Under Management
Source: NVCA 2014 Yearbook
76% of total VC $ in these 3 regions
15--Confidential
Venture Capital Per Capita
California:
$2.5k/person
New York:
$1.0k/person
Massachusetts:
$4.9k/person
VC Capital Under Management Per Capita 2013
Source: NVCA 2014 Yearbook, US Census
19--Confidential
High Technology MicroClusters:
For Example, Strength in Mobile
• Hundreds of iPhone developers in MA
• Over 50 VC-backed mobile start-ups
• Seven 9-figure exits:• Crashlytics (Twitter)
• Enpocket (Nokia)
• Jumptap (Millenial Media)
• M-Qube (Verisign)
• Quattro (Apple)
• Third Screen (AOL)
• Where (PayPal)
• Other mobile leaders• Adelphic Mobile
• Drizly
• Fiksu
• RunKeeper
• SavingStar
• SessionM
iPhone developers using location API
21--Confidential
Strong Community of Women Tech Leaders
Gail Goodman
Constant Contact
Abbie Celniker
Eleven
Biotherapeutics
Nicole Stata
Boston Seed
Michelle Dipp
Ovascience
C.A. Webb
N.E.V.C.A
Katie Rae
Project II
Helen Greiner
CyPhy
22--Confidential
IPOs (17)
Market caps as of 9/16/2014
$276M
$309M
TBD
TBD
TechBioTech
$139M
$27M
$370M
$312M
$241M
$426M
$207M
$336M
$340M
$80M
$188M
$739M
$448M
Boston-Based IPOs in 2014
23--Confidential Market caps as of 09/5/2013
M&A >$500M (5)
$775M
$700M
$1.1B
$500M
$1.8B
Recent Boston-Based Liquidity
24--Confidential
Market caps as of 9/16/2014
$60B
$38B
$15B
$14B
$11B
$5B
$5B
$77B
$49B
$22B
$9B
$5B
$3B
Boston-Based Platform CompaniesMarket Capitalization
26--Confidential
Start-up Resources
27--Confidential
Investors and Entrepreneurs to Follow
Investors Blog URL Twitter
Rob Go / Next View robgo.org @robgo
Chip Hazard / Flybridge hazard.typepad.com @chazard
Antonio Rodriguez/Matrix an.ton.io @antrod
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
Jules Pieri/DailyGrommet jules.thegrommit.com @julespieri
Dharmesh Shah onstartups.com @dharmesh
Mike Troiano/Actifio medium.com/@miketrap @miketrap
28--Confidential
Harvard Start-up Resources
HBS EIRs
2014
Ajay Agarwal
Marla Malcolm Black
Stephen Bonner
Sam Clemens
Chuck Davis
David Hornik
Janet Kraus
Eric Paley
Jules Pieri
Ruben Pinchanksi
Diego Rodriguez
Rudina Seseri
Jim Sharpe
Steven Sinofsky
Jim Southern
Russ Wilcox
Campus Resources
NYC STARTUP TREK
29--Confidential
Conclusion: Boston Ranked #1
City of Global Innovation Economy
#1 Boston
www.massitsallhere.com