Funding Healthcare Innovation IBM Innovation Center 1 Rogers St, Cambridge, MA 02170 April 16th 2014 @ 6.30pm
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Funding Healthcare Innovation
IBM Innovation Center1 Rogers St, Cambridge, MA 02170
April 16th 2014 @ 6.30pm
Value for our InvestmentsAn Investors’ View on 2014 Trends
Dr Richard D GillBoard Director & Investing Member
Core Belief…
• “You can make a buck commercializing life sciences technology & still feel good about the effect of the outcomes”
Environment…
• Big bioPharma have all moved into Bean Town– “strategic partnerships vs venture capital”
• Venture Capital has moved down the value proposition towards Debt Financing– “we need $10M running rate”
• Financing Desert has provided opportunity for Angel Investments– “LVG 3rd most active in North America”
Environment II…
• Federal Grants/NIH have somewhat dried up– “odds of securing NIH/SBIR are less than 10%”
• State Grants & Debt & Tax Credits – “$1B over 10 years has been more like $60M”
• Mass Challenge & Mass Life Sciences Center– “500 value propositions chasing short $”
Launchpad Venture Group Statistics 2013…
• 147 investing members• 45 portfolio companies• $7M invested• 12 new deals• 16 follow on deals
My Role…• Board Director Advocate & Investor• Focus on Exits• Bring “Been there, done it, will do it again”• Watch Tenacity• Ensure ROI Out Strips Investment• Exit BHDx, Cognoptix, Mobius, TruTouch
LVG Portfolio I…
• 3Play Media - Saas platform for high-quality video transcription at low cost• 7AC Technology - Ultra high-efficiency air conditioning solutions• Avaxia Biologics - Orally-delivered antibody products for diseases of the GI tract• Bluetrain Mobile - Mobile content management and marketing platform• Boston Heart Diagnostics - Diagnostic tests for coronary heart disease• Building Engines - Building maintenance operations specialists• Cognoptix - Medical device for early detection of Alzheimer's• Content Raven - Secure mobile distribution and management of rich content• CourseHorse - Platform for finding and enrolling in local classes• Crowdly - Enterprise marketing software for converting fans into advocates• Daktari Diagnostics - Medical diagnostics for global health challenges• EveryScape - Web-based 3D virtual tours of indoor spaces• ezCater - The easiest way to order corporate catering nationwide• Groupize - Group travel bookings made easy• Hadapt - Adaptive analytical platform for handling massive data sets• JamHub - Silent rehearsal studio for musicians and music educators
LVG Portfolio II…• Libboo - Comprehensive self-publishing platform and network• Localytics - Analytics for Mobile Applications• Mobius Imaging - Portable CT scanner for operating rooms• InCrowd - Mobile-based real-time decision support• Infobionic - Cloud-based arrhythmia detection & monitoring solution• inStream Media - Targeted promotions and ads on sales receipts• iTeam - IT installation service packages for SMB market• Mosaic Storage - Cloud storage and workflow for pro and prosumer photographers• NABsys - Whole genome DNA sequencing• NuLabel Technologies - Liner-free label technology for retail and logistics• Peach Underneath (Zyrra) - Mass customization platform for women's garments• Pixability - Platform and tools for business video and video marketing• Playrific - Screen time parents can feel good about• Powerhouse Dynamics - Energy monitoring and management hardware and software• Precision Ventures - Medical device development commercialization• Punchbowl - the leader in end-to-end party planning on the web
LVG Portfolio III…• Qstream - Mobile sales enablement and analytics• Sialix - therapeutics targeting inflammation due to dietary sialic acids• Tetragenetics - Next generation vaccine manufacturing• TimeTrade - Web-based appointment scheduling service• TruTouch - Non-invasive alcohol testing• Ubiqui Health - Mobile software for managing allergies and chronic conditions• UpdateLogic - Delivery of firmware updates to digital TV receivers• V-Charge - Trans active energy management solutions• Zagster - Bicycle fleets as a service• ZetrOZ - Portable low intensity therapeutic ultrasound
LVG Portfolio Exits…• Catalyst Oncology - Personalized medicine for cancer patients (acquired by
DiagnoCure)• Copiun - Mobile device management software (acquired by Good Technology)• ID8 Mobile - Advanced design mobile device accessories (acquired by AAC
Technologies)• InBoxer - Anti-risk appliance for outbound email (acquired by SafeCore)• Incentive Targeting - Marketing & incentive management tools for grocery industry
(acquired by Google)• Tikatok - Book publishing website for children (acquired by Barnes & Noble)• Vela Systems - Mobile inspection technology platform (acquired by AutoDesk)• Vigix - Advanced kiosk technology platform (acquired by Zoom)• Vizibility - Online identity management tools and search me button (acquired by All
State Legal)• Yokel - A new search engine for local shopping (acquired by CitySquares)• Zync - Web-based recommendations for local events (acquired by eBay)
RDG Personal Investments…• Jarg – Exit to Google• ProNAi – DNAi Oncology Drug in Phase II - P&CEO & Shareholder• ERA Biotech – Produce Difficult Proteins in Plant Cells - Board & Stockholder• SynDevRx – Combination Drug & Delivery in Pre Clinical - Board & Stockholder• RXi – RNAi Drug in Clinic - Stockholder• Janus Developments (Now Spherium BioMed) – Commercializing Spanish Life
Sciences Technology – Board & Shareholder; merged with Ferrer to form Spherium Biomed
Family…
Curly & Marmite…