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

3--Confidential

Historical Leadership

4--Confidential

MIT – Factory of Innovation

5--Confidential

Harvard Is No Slouch

6--Confidential

Other Colleges and Universities

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

11--Confidential

Kendall Square

“Highest Density Cluster of Innovation on the Planet”

12--Confidential

Boston’s Innovation District

13--Confidential

Next Up: Harvard - Allston

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

16--Confidential

Proximity to NYC: A Huge Plus

17--Confidential

Leading Clusters: Life Sciences Leadership

18--Confidential

Leading Clusters: Boston’s Energy Sector

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

20--Confidential

Other MicroClusters

Cloud Computing

Online Video

Health ITMarketing

Tech

Education

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

25--Confidential

Expansion of Major Tech Companies

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