美国天使投资市场.pptVIP

PROPRIETARY CONFIDENTIAL Startonomics / Tokyo - June 9, 2009 Dave McClure, Founders Fund Joyce Kim, Soompi Fortis General Counsel David Troy, Baltimore Angels Ryan Pipkin, AngelSoft US Startup Investment Market Startup Investment Trends Venture Capital Turmoil: “R.I.P. Good Times” Not so bad for startups (valuation), however.. Pretty bad for VCs (fundraising) if poor returns Slowdown Later Stage Deals, Reduced Valuations Legal Trends and Changes? Growth - Monetization, Revenue - Profitability Growth of Seed Funds, Incubators Y-Combinator, TechStars, fbFund REV Startonomics / Startup Metrics / Lean Startup * PROPRIETARY CONFIDENTIAL Dave McClure 2001-2008: Startup Investor: 500 Hats LLC, Founders Fund Tech Marketing: PayPal, Simply Hired, Mint Advisor, Angel Investor: 20+ Startups Conf. Organizer: Web 2.0, O’Reilly, Startonomics Stanford Visiting Lecturer: Facebook, Startup Metrics 80’s 90’s: Entrepreneur: Founder/CEO Aslan Computing (acq.) Developer: Windows Apps / SQL DB Admin User Groups: E-Commerce, Internet, Client-Server Engineer: Johns Hopkins ‘88, BS Eng / Applied Math * PROPRIETARY CONFIDENTIAL Personal Investments (2004-2008) Professional Investments (2009) FF Angel LLC Twilio 1000 Markets UserVoice Bit.ly DailyBurn Changing Focus * PROPRIETARY CONFIDENTIAL Startup Funding Ecosystem Angels Incubators ($0-10M) Seed Funds ($10-50M) Small VC Funds ($50-250M) Traditional VC Funds ($250M) Union Square Ventures First Round Capital SoftTech (Clavier) Maples Investments Benchmark Sequoia Y-Combinator TechStars FF Angel FF II fbFund REV FF I A Data Metrics Angelsoft represents over 80% of the Organized Angel Networks in the United States From Q4 ‘08 - Q1 ‘09 Growth by 17.83%?in # of companies actively looking for angel capital Decline by 35%?in total $ investment amount Decline by 23.42%?in valuations From Q4 ‘08 - Q1 ‘09 Decreased by 50%?in time it took to make an investment Increase by 31.19% in average amount of money entrepreneurs are seek