Splash Oakland Opening Remarks
Confidential Information
San Francisco Oakland
1997
2014
2014
Soon!
VC Investment % of $ 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104San Francisco 5.5% 8.8% 12.8% 12.4% 14.6% 14.4% 20.4% 17.5% 31.9% 31.8% 36.3% 49.6%Rest of Bay Area 94.5% 91.2% 87.2% 87.6% 85.4% 85.6% 79.6% 82.5% 68.1% 68.2% 63.7% 50.4%
0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%
100.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104
San Francisco Rest of Bay Area
Investment activity has moved north –
In 2003 San Francisco attracted $377mm in institutional venture capital, 2013: $4.8 billion
Q2014: $2.24 billion
Seed / Series A % of $ 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104San Francisco 5.1% 11.0% 14.2% 11.5% 24.5% 28.9% 24.5% 26.4% 30.5% 49.7% 41.9% 50.9%Rest of Bay Area 94.9% 89.0% 85.8% 88.5% 75.5% 71.1% 75.5% 73.6% 69.5% 50.3% 58.1% 49.1%
0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%
100.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104
San Francisco Rest of Bay Area
Seed- to early-stage pours into San Francisco
• San Francisco’s early stage investment lines crossed in Q1 2014– More early stage investment going into San Francisco than the rest of the Bay Area
combined
• This means San Francisco has more early stage activity than ever before – with already constrained capacity
But San Francisco is full…
Bleep
The Bay Area economy is moving east
Full Year 2013 Q1 2014 $-
$20 $40 $60 $80
$100 $120 $140
$125
$98
VC Investment in Oakland ($mm)
Oakland is cool
Oakland is scalable
• Proximity to SF• Urban density and cool factor• World class tertiary education (enormous talent base)• Transportation and infrastructure (parking, bus, ferry, BART, air, …)• Access to capital
Welcome to Oakland
You are where it’s at!
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