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What Makes Boston’s Technology Start-Up Scene Special?. Jeff Bussgang General Partner Flybridge Capital Partners. Ingredients for a Vibrant Start-Up Ecosystem. Intellectual Capital – academia, innovation, diverse industries and ideas Venture Capital Advisors, Angels, Accelerators
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What Makes Boston’s Technology Start-Up Scene Special? Jeff Bussgang General Partner Flybridge Capital Partners
Ingredients for a Vibrant Start-Up Ecosystem • Intellectual Capital – academia, innovation, diverse industries and ideas • Venture Capital • Advisors, Angels, Accelerators • Successful Companies – to partner, poach and/or sell to
MIT – Factory of Innovation 33,600 companies, 300 each year, employ 3.3 million people, generate sales of $2 trillion, 282 patents in 2008
Other Colleges and Universities 74colleges and universities in Boston-area, 265,000 students, 8 research universities pump $7 billioninto economy, spending $1.5 billion on R&D yearly, 264patents, 280 commercial licenses, and 41 start-up companies.
Innovation Leadership: #1 NIH Funding Source: NIH (2008); Center for an Urban Future
Geographic Clusters 128 Corridor Cambridge/Boston 495 Corridor
Venture Capital in Comparison Total VC Investment 2008 Boston: $3.0B New York: $1.3B California: $14.3B Source: NVCA 2009 Yearbook
Venture Capital Per Capita VC Investment Per Capita 2008 Boston: $457/person New York: $67/person California: $388/person
High Technology MicroClusters: For Example, Strength in Mobile • Hundreds of iPhone developers in MA • Over 50 VC-backed mobile start-ups • Three 9-figure exits: • Enpocket, M-Qube, Third Screen • Mobile advertising leaders • Quattro Wireless, JumpTap iPhone developers using location API
Other MicroClusters Cloud Computing Robotics Gaming Marketing Technology Online Video E-Commerce
Start-up Resources More resources can be found at: http://dondodge.typepad.com/the_next_big_thing/2009/10/boston-startup-events-resources-people-you-need-to-know.html
Conclusion* A Leader for Innovative Venture Financing #1 City for young entrepreneurs and business people The Future is Now… www.massitsallhere.com Slide has been edited by David Kozhuk of Arctaris Capital Partners*