the new and improved state of nyc investing
DESCRIPTION
A man, his wife and his dog reflect on 1 year of NYC investingTRANSCRIPT
The New and Improved State of NYC Investing
What a difference a year makes
A bit over a year ago
A man, his wife and The Beast* moved from Boston to New York
* The 8 pound black, furry creature that lives with them
A bit of reflection feels in order
First off…
The Red Sox won the world series
Yet activity in New York continues to accelerate
0
20
40
60
80
100
120
140
160
$-
$200,000,000
$400,000,000
$600,000,000
$800,000,000
$1,000,000,000
$1,200,000,000
$1,400,000,000
$1,600,000,000
$1,800,000,000
Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 YTD
Investments in NY-based Companies 2009 - 2014 YTD
Dollars Invested Number of Deals Source: Crunchbase
And living where you hunt helps you eat
0
50
100
150
200
250
300
350
400
2010 2011 2012 2013
Number of NYC Companies Evaluated by Me by Year
29% CAGR
Source: Me
Startups here aren’t cheap
SF
AngelList Valuations by Geography
NYC EU
Source: AngelList
…but the big are getting bigger New capital raised since last presentation (15 months)
+$150M +$79M
+$70M +$40M
+$70M +$72M +$30M
+$47M
+$102M +$17M +$123M
+$30M +$136M +$51M
New capital raised since last presentation (15 months)
+$150M +$79M
+$70M +$40M
+$70M +$72M +$30M
+$47M
+$102M +$17M +$123M
+$30M +$136M +$51M
$1.02B
…across a diverse set of industries
+$150M +$79M
+$70M +$40M
+$70M +$72M +$30M
+$47M
+$102M +$17M +$123M
+$30M +$136M +$51M
…with a healthy set of IPO candidates IPOing and rumored IPO-ready companies
And, most importantly,
The Beast loves the dog park
Now for…
We’re a friendly bunch We’re a friendly bunch
and do more deals with each other than we do with other firms
Top 3 investment partners by firm
NYC Partner
No NYC Partner
Key
Source: CB Insights
Tumblr broke the $1B M&A mark…
…but Fab has seen better days
No new seed to scale players have entered
Seed/Angel funds with fulltime partners in NYC
Seed to scale funds with fulltime partners in NYC
New Entrants
And compared to Boston the university startup scene is weak
But most surprising of all
Beast has become a Yankees fan
But we forgive him because NYC is here to stay
And so are we
