Stephen A. Baker Buckeye Venture Partners

2

Stephen A. BakerStephen A. BakerBuckeye Venture PartnersBuckeye Venture Partners

Vice President & Director of Co-Investments, Private EquityVice President & Director of Co-Investments, Private EquityFort Washington Capital Partners GroupFort Washington Capital Partners Group

3

State of Venture Capital in Ohio State of Venture Capital in Ohio Metrics for The Ohio Capital FundMetrics for The Ohio Capital Fund

4

Partnership with the Center for EntrepreneurshipPartnership with the Center for EntrepreneurshipFisher College of BusinessFisher College of Business

Four phase program . . .Four phase program . . . Phase I: Center will track venture capital activity in Phase I: Center will track venture capital activity in

Ohio focused on seed and early-stageOhio focused on seed and early-stage Phase II: Center will design and administer a data Phase II: Center will design and administer a data

tracking program to track activity and performance tracking program to track activity and performance within the Ohio Capital Fund Programwithin the Ohio Capital Fund Program

Phase III: Center will design and administer select Phase III: Center will design and administer select research studies of challenging issues within the research studies of challenging issues within the program and across the industryprogram and across the industry

Phase IV: Educational and development initiatives will Phase IV: Educational and development initiatives will be considered over timebe considered over time

5

1,406

2,217

1,390

847897

3,122

1,1831,027

772 901$7,157

$28,727

$14,982

$2,988 $4,242 $4,785

$9,734

$4,268 $3,824 $4,262

0

500

1,000

1,500

2,000

2,500

3,000

3,500

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

Nu

mb

er o

f C

om

pan

ies

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

Do

llar

s In

vest

ed (

$M)

Number of Companies Funded Dollars InvestedAnalysis provided by the Center for Entrepreneurship at the Fisher College of Business, The Ohio State University. Data provided by Thompson Venture Economics, Venture Expert.

Investment Activity in the U.S.Investment Activity in the U.S. Seed and Early StageSeed and Early Stage

6

16

18

9

1312

13

20

151516

$46

$34

$71$80

$168

$58$48

$131

$17 $180

5

10

15

20

25

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

Nu

mb

er o

f C

om

pan

ies

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

Do

llar

s In

vest

ed (

$M)

Number of Companies Funded Dollars InvestedAnalysis provided by the Center for Entrepreneurship at the Fisher College of Business, The Ohio State University. Data provided by Thompson Venture Economics, Venture Expert.

Investment Activity in OhioInvestment Activity in Ohio

Seed and Early StageSeed and Early Stage

7

$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000

AZ

SD

RI

MO

OH

TN

OR

UT

NH

IL

FL

CT

MN

NC

VA

CO

GA

MD

WA

NJ

PA

NY

TX

MA

CA

Seed and Early Stage Dollars Invested ($M)

Ohio ranks 21st in the US with $82.7 million invested in Seed and Early Stage

Companies in the last 3 years

Other Ohio Rankings:7th – Total Population8th – Gross State Product8th – Total Patents Filed13th – Federal R&D Investments

Analysis provided by the Center for Entrepreneurship at the Fisher College of Business, The Ohio State University. Data provided by Thompson Venture Economics, Venture Expert.

Top 25 State by Dollars Invested (2002 –2004)Top 25 State by Dollars Invested (2002 –2004) Seed and Early StageSeed and Early Stage

8Analysis provided by the Center for Entrepreneurship at the Fisher College of Business, The Ohio State University.

Data provided by Thompson Venture Economics, Venture Expert.

Number of Companies FundedNumber of Companies Funded


0

10

20

30

40

50

60

70

80

90

100

110

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

Num

ber

of C

ompa

nies

Ohio Indiana Michigan Illinois Pennsylvania

9

US OH

% of US

27

18

8

10

5

2

7

2

2

19

% of OH

61

11

8

7

5

4

3

2

0

0

Investments by Industry (2002 – 2004)Investments by Industry (2002 – 2004)

Software

Biotechnology

Medical Devices and Equipment

Semiconductors

Industrial/Energy

Electronics/Instrumentation

Telecommunications

Business Products and Services

Financial Services

OtherAnalysis provided by the Center for Entrepreneurship at the Fisher College of Business, The Ohio State University. Data provided by Thompson Venture Economics, Venture Expert.


10

Pre-Seed VC

$6.2M Ohio42 Companies

$70M Total

Seed Stage VC

$48.8M Ohio57 Companies$250.4M Total

Early Stage VC

$121.5M Ohio114 Companies$557.1M Total

Later Stage VC

$245.6M Ohio242 Companies$2,044.8M Total

Venture Capital Activity In Ohio (1995-2004)Venture Capital Activity In Ohio (1995-2004)


11

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

Do

llars

($

M)

From OH Firms From Non-OH Firms

20%15%

23%

20%

10%

22%

23%19%

49% 29%


Total Investments in Ohio: Total Investments in Ohio: OH VC Firms vs. Non-Ohio VC Firms OH VC Firms vs. Non-Ohio VC Firms

Average of 4:1 ratio over 10 year time frame


Total Venture Capital Investment (all stages) per Ohio Total Venture Capital Investment (all stages) per Ohio Economic Development Region (1995 – 2004)Economic Development Region (1995 – 2004)

(in millions)(in millions)

$0.0

$2.8

$89.7

$150.0

$785.4

$144.1

$641.4

$76.3

$25.3

$26.5

$15.6

$944.1


In Millions

13

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010


The Ohio Capital Fund Could Generate $500 million The Ohio Capital Fund Could Generate $500 million for Ohio Companiesfor Ohio Companies

14

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010


The Ohio Capital Fund Could Generate $500 million The Ohio Capital Fund Could Generate $500 million for Ohio Companiesfor Ohio Companies

15

The Ohio Capital FundThe Ohio Capital FundEarly & Seed Stage SummitEarly & Seed Stage Summit

Stephen A. Baker Buckeye Venture Partners

Documents

Transcript of Stephen A. Baker Buckeye Venture Partners