Disrupting the Venture Capital Landscape

Joshua Henderson@joshuahenderson

DISRUPTING THE VENTURE CAPITAL LANDSCAPE

#disruptvc

Lorrie Keating Heinemann

Terry Chase Hazell@terrychazell

*Analysis included states with at least 5 venture investors in 2009

VC Growth Outside of the Major Markets

CA: 29.8BNY: 4.8BMA: 4.5BTX: 1.75BWI: 209M

Where Venture Capital Was Invested in 2014

103

44

36

70

8259

13

West CoastCA, OR, WA, UT, CO, NV

Mid-WestIL, IN, MI, MO, MN, KS, OH, WI, IA

SouthwestTX, LA, NM, AZ, AR, OK

SoutheastNC, SC, GA, FL, AL

Mid-AtlanticDE, DC, VA, MD, PA

New YorkNY, NJ, CT

New EnglandMA, ME, VT, NH, RI

InternationalIsraelChinaIndiaAfricaEuropeCanadaAustralia

44

* Operational Companies

Companies in 39 states & 8 countries

5

Wisconsin needs to create more startups

Wisconsin Ranks 45th in startups!

BrightStar’s Job Creation Model

[email protected] 6

DonorsWealthy

IndividualsCorporate &

FamilyFoundations

Co-InvestorsIndividual

AngelsAngel FundsEarly-Stage

Funds

7

BrightStar Investments1. Early stage, job creating companies in

Wisconsin

2. BrightStar co-invests (vs. leads) into deals3. Criteria for companies:

Patented or high barrier to entryLarge addressable marketCan scale up quicklyManagement Team & AdvisorsParticipation an an accelerator a big plus (gener8tor is a premiere WI accelerator)

Proof of ConceptCommercializatio

nRevenue

2014 BrightStar Portfolio

BrightStar WI Job Metrics - 2014

www.brightstarwi.org

Joshua Henderson@joshuahenderson

DISRUPTING THE VENTURE CAPITAL LANDSCAPE

#disruptvc

Lorrie Keating Heinemann

Terry Chase Hazell@terrychazell