us angel investment report q1 2013
TRANSCRIPT
-
7/27/2019 US Angel Investment Report Q1 2013
1/25
Angel Group Update: Q1 2013
-
7/27/2019 US Angel Investment Report Q1 2013
2/25
Table of Contents
Q1 2013 Highlights p. 4
National Trends p. 6
Most Active Angels p.11
Regional Trends p. 14
Sector Trends p. 19
About the Halo Report p . 22
2
-
7/27/2019 US Angel Investment Report Q1 2013
3/25
Q1 2013 Highlights
3
-
7/27/2019 US Angel Investment Report Q1 2013
4/25
Angel Group Update: Halo Report Q1 2013
Most Active Angel Groups TotalDeals Q1Alliance of AngelsDesertAngelsGolden SeedsNew York AngelsSand Hill AngelsSt. Louis Arch Angels
Highlights
Median Angel Round Sizetrends up to $680K in Q12013
Early Stage Pre-MoneyValuations Remain Stable at
$2.5M 81% of deals occur in angel
groups home states
4
Biggest Spenders Most Dollars PerDeal, past 12 monthsGolden SeedsHouston Angel NetworkJ umpStart New J ersey Angel Network
Keiretsu ForumNashville Capital NetworkOregon Angel FundTech Coast Angels
-
7/27/2019 US Angel Investment Report Q1 2013
5/25
National Trends
5
-
7/27/2019 US Angel Investment Report Q1 2013
6/25
Median Angel Round Size Q1 2013 Trends up to $680K
$0.00
$0.50
$1.00
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013
Median Round Size Mean Round Size
6
*Angel rounds include angels & angel groups only
$860K $830K$760K
$900K$800K
$550K $550K $570K $650K$680K
$M
-
7/27/2019 US Angel Investment Report Q1 2013
7/25
Median Early Stage Pre-Money Valuation Roll ing YearSteady at $2.5M (Q1 2013)
7
*Including all rounds with angel groups before Series A
$2.5M
Median$1.5M1st Quartile
$3.6M3rd Quartile
$0.11M
$5.5M
-
7/27/2019 US Angel Investment Report Q1 2013
8/25
Angels with Other Investors
Q1 2013 Median Round Size $1.5M when Angel Groups Co-Invest with Other Types of Investors
$1.50 $1.47
$1.63
$1.44 $1.50
$1.94
$2.28
$2.57$2.38
$2.05
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013
Median Round Size Mean Round Size
8
$M
-
7/27/2019 US Angel Investment Report Q1 2013
9/25
Angel Groups Invest Close to Home81% of deals completed in the home state of investor group & company
71%
76%79%
72%
81%84%
87% 87%
80%
88%
40%
50%
60%
70%
80%
90%
100%
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013
Investor & Company in Same StateInvestor & Company in Same Region
9
#
-
7/27/2019 US Angel Investment Report Q1 2013
10/25
Active Angel Groups
10
-
7/27/2019 US Angel Investment Report Q1 2013
11/25
Most Active Angel Groups Q1 2013 Total Deals
11
5th
Seattle, WA NY, MA, CATucson, AZ
Sunnyvale, CANew York, NYSt. Louis, MO
-
7/27/2019 US Angel Investment Report Q1 2013
12/25
Most Active Angel Groups Greatest Dollars Invested Per Deal over past 12 Months
12
Each of the noted groups has invested in at least 5 deals in past 12 months.
NY, MA, CA Houston, TX
Southern CA
Nashville, TNPortland, ORMount Laurel, NJ
Milwaukee, WI
-
7/27/2019 US Angel Investment Report Q1 2013
13/25
Regional Trends
13
-
7/27/2019 US Angel Investment Report Q1 2013
14/25
Angel Group Deals Distributed NationallyShare of Angel Group Deals by Region Q1 2013
14
California
15.5%
Northwest
8.8%
Southwest
12.9%
Great Plains
9.3%Great Lakes
12.9%
Southeast
6.2%
Mid-Atlantic
10.8%
NewEngland
11.3%
New York
11.3%
-
7/27/2019 US Angel Investment Report Q1 2013
15/25
14.9% 17.8% 15.5%
16.9% 12.8% 11.3%
10.8% 13.3%
6.2%
10.8%13.3%
12.9%
14.9%14.4%
12.9%
8.8%9.4%
8.8%
9.5%7.8%
10.8%
3.9%
9.3%
7.4% 7.2% 11.3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
AK / HI / PR
New York
Great Plains
Mid-Atlantic
Northwest
Southwest
Great Lakes
Southeast
New England
California
3.9%
Q1 2013 Share of Angel Group Deals by Region
15
Q4 2012Q1 2012 Q1 2013
-
7/27/2019 US Angel Investment Report Q1 2013
16/25
Southwest Edges out California in Share of Dollars in Q1 2013Share of Angel Group Dollars by Region Q1 2013
16
California
17.4%
Northwest
6.4%
Southwest
18.1%
Great Plains
10.3%Great Lakes
11.6%
Southeast
8.6%
Mid-Atlantic
6.7%
NewEngland
13.0%
New York
7.7%
-
7/27/2019 US Angel Investment Report Q1 2013
17/25
10.1% 14.1%17.4%
19.2%16.0% 13.0%
7.7%13.9%
8.6%
14.8%
15.3%
11.6%
15.2%
15.8%
18.1%
8.4%
5.8%
6.4%
13.1%11.8%
6.7%
2.3%
10.3%
7.6% 5.0% 7.7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
New York
Great Plains
Mid-Atlantic
Northwest
Southwest
Great Lakes
Southeast
New England
California
3.7%
Q1 2013 Share of Angel Group Dollars
17
Q4 2012Q1 2012 Q1 2013
-
7/27/2019 US Angel Investment Report Q1 2013
18/25
Sector Trends
18
-
7/27/2019 US Angel Investment Report Q1 2013
19/25
32.2% 36.2%36.8%
15.1%
22.4% 18.7%
13.0%
13.2% 16.6%3.4%
2.9% 6.2%
8.2%
5.2%4.1%
7.5%3.4%
4.1%6.2%1.7%
3.1%14.4% 14.9% 10.4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Other
Energy & Utilities
Consumer Pdcts &Svcs
Industrial
Software (non-internet/mobile)
Mobile & Telecom
Healthcare
Internet
Internet, Healthcare & Mobile Deals Combine for 72% of Q1 2013 DealsQ1 2013 Share of Angel Group Deals by Sector
19
Q4 2012Q1 2012 Q1 2013
-
7/27/2019 US Angel Investment Report Q1 2013
20/25
32.8%
25.8%31.8%
16.5% 32.1% 22.6%
14.7%
14.1%12.8%
2.0%
1.4% 8.5%8.3%
6.8%7.0%4.1%
3.0%7.5%4.1%
14.2% 15.5% 10.3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Other
Energy & Utilities
Consumer Pdcts &Svcs
Industrial
Software (non-internet/mobile)
Mobile & Telecom
Healthcare
Internet
2.1%
Q1 2013 Share of Angel Group Dollars by Sector
20
Q1 2012 Q4 2012 Q1 2013
-
7/27/2019 US Angel Investment Report Q1 2013
21/25
About the Halo Report
21
-
7/27/2019 US Angel Investment Report Q1 2013
22/25
What is the Halo Report?
Angel Group Investment Trends:The Angel Resource Institute, Silicon Valley Bank andCB Insights set out to raise awareness of early stage investment activities by angel
investment groups. The Halo Report is the result. The research series highlights angel
investment activity and trends in North America and provides much sought after data that
has not been previously available to entrepreneurs or early stage investors.
The Halo Report includes aggregate analysis of investment activity by angels and angel
groups and highlights trends in round sizes, location and industry preferences. The data is
collected via survey and aggregation of public data using CB Insights innovative data
analyses.
Get Involved: Angel groups and individual angel investors interested in including their data
in the Halo Report should contact Sarah Dickey, ARI Vice-President of Research: 913-894-
4700 and [email protected].
22
-
7/27/2019 US Angel Investment Report Q1 2013
23/25
Understanding the Data:Special Round Types and Industry Sectors
The Halo Report provides analysis and trends on US angel and angel group activity.
Angels and angel groups invest alone, together, and with many other types of investors.Unless otherwise noted the Halo Report data includes all rounds that have at least oneangel group participating and may include other types of investors in those rounds.
This report discusses angel group investment trends for Q1 2013, which represents atotal of 207 deals and $222M in total rounds including co-investors.
A few charts report on an Angel Round, a special classification of investment when
angel groups invest alone or just with other angels and angel groups.
Unless otherwise noted, values of less than
-
7/27/2019 US Angel Investment Report Q1 2013
24/25
Angel Resource InstituteSarah Dickey, [email protected]
TheAngel Resource Inst itute (ARI) is a charitable organization devoted to education, mentoring and research in the
field of angel investing, a growing driver of our entrepreneurial economy. ARI was founded by the Ewing MarionKauffman Foundation. The programs of ARI include educational workshops and seminars, research projects andreports, and information about angel investing for the general public. ARI is affiliated with the Angel CapitalAssociation, the professional association of angel groups in North America. More information is available atwww.angelresourceinstitute.org.
Silicon Valley BankCarrie Walsh, [email protected] Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity andpremium wine businesses. SVB provides industry knowledge and connections, financing, treasury management,corporate investment and international banking services to its clients worldwide through 28 U.S. offices and sixinternational operations. (Nasdaq: SIVB) www.svb.com.Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group.Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVBFinancial Group is also a member of the Federal Reserve System.
CB Insights
Anand Sanwal, [email protected] Insights is a National Science Foundation-backed data-as-a-service firm that collects information on privatecompanies and their investors and acquirers. CB Insights data and technology is used by firms to make bettermarketing, procurement, lending, acquisition and equity investment decisions and to gather data-driven market andcompetitive intelligence. The firm's data is regularly cited by leading media publications including the New York Times,Forbes, BusinessWeek and Fast Company among others. For more information, visit http://www.cbinsights.com.
Halo Report Contacts
24
mailto:[email protected]://www.angelresourceinstitute.org/mailto:[email protected]://www.svb.com/mailto:[email protected]://www.cbinsights.com/http://www.cbinsights.com/mailto:[email protected]://www.svb.com/mailto:[email protected]://www.angelresourceinstitute.org/mailto:[email protected] -
7/27/2019 US Angel Investment Report Q1 2013
25/25
Angel Resource Institute and Silicon Valley Bank co-produce the Halo Report with data powered by CB Insights.Angel Resource Institute and CB Insights are independent third parties and are not affiliates of Silicon Valley Bank.
This material, including without limitation to the statistical information herein, is provided for informational purposes only. Theinformation should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment orother decision. You should obtain relevant and specific professional advice before making any investment decision. Nothingrelating to the material should be construed as a solicitation, offer or recommendation to acquire or dispose of any investmentor to engage in any other transaction.
2012 SVB Financial Group. All rights reserved. SVB>, SVB Financial Group, and Silicon Valley Bank are registeredtrademarks.