Innovation Ecosystem in the USA Rui Boavista Marques

Transcription

1 Innovation Ecosystem in the USA Rui Boavista Marques

2 Portugal Tech Network CALIFORNIA PORTUGAL VENTURES PARTNERSHIP: RUNWAY (LBC) NEW YORK AICEP PARTNERSHIP: MADE IN NY MEDIA CENTER MASSACHUSETTS FCT INTERNATIONAL PARTNERSHIP: MIT HARVARD MEDICAL SCHOOL PORTUGAL VENTURES PARTNERSHIP: CAMBRIDGE INNOVATION CENTER (LBV) PENNSYLVANIA TEXAS FCT INTERNATIONAL PARTNERSHIP: FCT INTERNATIONAL PARTNERSHIP: CARNEGIE MELLON UTEN AT UT AUSTIN Source: Portugal Ventures, FCT, AICEP

3 Global VC investment EUA Invest. 52 US$b 59 US$b Global Invest US$b 128 US$b Source: Dow Jones VentureSource

4 Estado 2014 ($M) % 2015 ($M) % Califórnia 29, ,2% 33, % VC investment in the US Nova Iorque 4, ,2% 6, % Massachusetts 4, ,7% 5, % Texas 1, ,4% 1, % Washington 1, ,5% 1, % Flórida 1, ,0% % TOTAL 52, , Source: NVCA

5 VC Investment in the State of New York , , , Source: NVCA Deals Amount (in $M)

6 Examples of VC firm in New York Fund size $792 million $171M $100M Investment range $0.25 M - $75M $200k - $60M $0.2M - $15M Investment stage Early stage, later stage Seed, early stage, later stage Seed, early stage Sectors Curated web, advertising, software Saas, advertising, software Mobile, SaaS, software Notable investments Duolingo ($45M, Series D), Coinbase ($75M, Series C), Veniam ($4.9M, Series A) AlphaSense ($33M, Venture), ShopKeep ($10M, Series B), ShopKeep ($60M, Series D) Ticketfly ($3M, Series A), SeatGeek ($1M, Series A) Source: CrunchBase, Findthecompany

7 Incubators and accelerators in New York Source: CrunchBase

8 VC Investment in the State of Massachusetts , , , Source: NVCA Deals Amount (in $M)

9 Examples of VC firm in Massachusetts Fund size $2B $285M $1.77B Investment range $1M - $55M $2M - $45M $1M - $275M Investment stage Seed, early stage, later stage, private equity, debt financing Early stage, later stage, debt financing Seed, early stage, later stage Sectors Software, enterprise software, mobile Enterprise software, software, Saas Marketplaces, software, mobile, hardware, consumer tech Notable investments View ($55M, Series D), Pindrop ($1M, Seed), CallMiner ($16M, Venture) Integral Access ($45M, Series D), Invaluable ($33.75M, Series D), ZoomInfo ($7M, Series A) Affirm ($275M, Series B), Foursquare ($45M, Series E), Slack ($160M) Source: CrunchBase, Findthecompany

10 Incubators in Massachusetts Source: CrunchBase

11 VC Investment in the state of Texas , , , Source: NVCA Deals Amount (in $M)

12 Examples of VC firm in Texas Fund size $125M $3.85B $133.9M Investment range $2M - $19M $500k - $60M $100k - $50M Investment stage Early stage, later stage Seed, early stage, later stage, private equity Early stage, later stage Sectors Software, biotechnology, security Enterprise software, software, social media Biotechnology, health care, health, wellness Notable investments Lover.ly ($2M, Series B), Sirific Wireless ($18.8M, Series C), Photobucket ($4.5M, Series A) Comfy ($600k, Seed), Civitas Learning ($60M, Series D), Tasktop ($11M, Series A) Terapio ($100k, Series A), Mirna Therapeutics ($41.8M, Series D), Claret Medical ($18M, Series B) Source: CrunchBase, Findthecompany

13 Incubators in Texas Source: CrunchBase

14 How venture-capital funds work Every 3-4 years VC firms raise new funds The fund stays open for 10 years 70-80% of the gains are distributed to investors Source: WSJ, March 30, 2016, AICEP

15 Findings Venture capital market stabilized (importance of reputation, less competition). Expansion investment importance is increasing. Entry rate for startups into Startup Bootcamps and incubators is 2-5%. Only 2% of the startups coming out of the TOP 20 accelerators in the US are successful. Big exits may take 10 years to take place. The origin of the capital is evolving as corporate VC funds are entering the market (Google, Rakuten, Alibaba).

16 Recommendations Raise money with local VC firm or angel investor. Have a strong track record. Have the financial and legal capacity to launch the product or service in the US. Plan to open an office in the US for operations and marketing. Have a local team. Hire a US attorney (patents, immigration issues, etc). Open a US bank account (with the company registered in the US).

17 Recommendations (looking for investors, information)

18 Recommendations (looking for events)

19 Rui Boavista Marques Mais informações em websummitlisbon.pt