Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.
Venture Outlook 2015
Goldrush or Fool’s Gold?
Mark Suster - @msuster
There are 50x more Internet users today (33% of world population)
Sources: U.S. Bureau of the Census, World Bank. As of Q2...
NOW1995
Online speeds are over 180x faster
Source: Akamai ‘s State of the Internet Q1 2014
3
56 Kbps
modems
10.5 Mbps
aver...
People are mobile: connected everywhere, all the time
Source: 2014 Statista forecasts
4
• Personal
• Location
aware
• At p...
Everybody is socially connected driving viral growth at faster rates
5
Monthly active
users255M
Monthly active
users1.3B+
...
We all have credit cards on file with a single click to purchase
Sources: eMarketer, WSJ
6
Global ecommerce spend
$1.5 tri...
Industry right sized to pre dot-com levels
Source: Prequin. Includes all LP investment into US VC funds with IT & Digital ...
Think about it …
8
50x users, 180x bandwidth, 6x time
spent online
Mobile, social, credit-card ready
Global economic press...
Market Capitalization at IPO ($B)
Cisco Amazon Microsoft LinkedIn Twitter FB Alibaba (est)
2525
$18
4.25
0.7780.4410.224
P...
Companies are raising larger amounts of private capital before going public
Source: Dow Jones Venture Source 2014 via EY
1...
Public company startups are significantly more mature than their 1.0 counterparts.
Source: Age from NVCA 2014 Yearbook – T...
• Hedge funds
• Mutual funds
So late-stage private financing now facing unprecedented competition
Source: CB Insights
12
T...
Thus valuations at later stage have gone up
the fastest
Source: Source; Q2 2014 PitchBook US Venture Industry Data Sheet, ...
But this is not 2000.
14
This is fueling some
discussion of a bubble.
Both trends are real.
The startup value & growth
unp...
So what will the future hold? What to expect
as an angel, a founder, a VC?
15
Topic discussion:
1. Crowd-funding (Equity v...
Venture Outlook 2015
Mark Suster - @msuster
Prochain SlideShare
Chargement dans…5
×

[PREMONEY MIAMI] Upfront Ventures >> Mark Suster, "Venture Outlook 2015 Goldrush or Fool's Gold"

16 034 vues

Publié le

Mark Suster
Partner, Upfront Ventures
@msuster

Les commentaires sont fermés

  • Sex in your area is here: www.bit.ly/sexinarea
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • Dating for everyone is here: www.bit.ly/2AJerkH
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (Unlimited) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download Full EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ACCESS WEBSITE for All Ebooks ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download doc Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (Unlimited) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download Full EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ACCESS WEBSITE for All Ebooks ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download doc Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • Boost your brainpower with brain pill! find out more... ■■■ https://bit.ly/2GEWG9T
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici

[PREMONEY MIAMI] Upfront Ventures >> Mark Suster, "Venture Outlook 2015 Goldrush or Fool's Gold"

  1. Venture Outlook 2015 Goldrush or Fool’s Gold? Mark Suster - @msuster
  2. There are 50x more Internet users today (33% of world population) Sources: U.S. Bureau of the Census, World Bank. As of Q2 June 2012. 2 World Internet users (M) 1995 2000 2005 2010 2012 2291.2132 2019.2929 1019.086 411.0758 44.3587 1
  3. NOW1995 Online speeds are over 180x faster Source: Akamai ‘s State of the Internet Q1 2014 3 56 Kbps modems 10.5 Mbps average U.S. Internet connection speed! 2
  4. People are mobile: connected everywhere, all the time Source: 2014 Statista forecasts 4 • Personal • Location aware • At point of purchase 2014 US smartphone users 164m 2014 US tablet users 119m 3
  5. Everybody is socially connected driving viral growth at faster rates 5 Monthly active users255M Monthly active users1.3B+ Global registered members300M+ Hours of video watched each month by 1B+ users6B+ 4
  6. We all have credit cards on file with a single click to purchase Sources: eMarketer, WSJ 6 Global ecommerce spend $1.5 trillion1 billion Digital shoppers worldwide The Apple app ecosystem alone estimated to be $35 billion in 2014 (from $0 in 2008) 5
  7. Industry right sized to pre dot-com levels Source: Prequin. Includes all LP investment into US VC funds with IT & Digital Media focus. Excludes funds with hardware & nanotech focus, non-$USD funds, funds with undisclosed amounts, & funds without first close 7 Commitments from LPs to U.S. Tech VC funds ($B) 1995 2000 2005 2010 2012 15.772 9.306 15.846 50.401 3.09 No. of funds raised by U.S. Tech VC firms 1995 2000 2005 2010 2012 65 50 74 163 33 6
  8. Think about it … 8 50x users, 180x bandwidth, 6x time spent online Mobile, social, credit-card ready Global economic pressure Companies that work are growing faster than in human history=
  9. Market Capitalization at IPO ($B) Cisco Amazon Microsoft LinkedIn Twitter FB Alibaba (est) 2525 $18 4.25 0.7780.4410.224 Private investors capture more value, encouraging greater pre-IPO funding. Source: Quigley Report 2011, FLAG Capital 9 Previous Tech Cycle New Tech Cycle $125B+ Current market cap: $150B+ $340B+
  10. Companies are raising larger amounts of private capital before going public Source: Dow Jones Venture Source 2014 via EY 10 Median amount raised prior to IPO ($M) 2008 2009 2010 2011 2012 2013 100.9 78.4 82.8 72.1 42.5 48.6
  11. Public company startups are significantly more mature than their 1.0 counterparts. Source: Age from NVCA 2014 Yearbook – Thomson Retuers, Revenue & Multiples from Pitchbook Tech Valuations Presentation (June 2014) 11 Years to IPO (from 1st financing) IPO in '00 IPO in '13 7.4 3.1 Revenue ($M) IPO in '00-01 IPO in '13-'14 101.6 34.8 Valuation/Revenue Multiple IPO in '00-01 IPO in '13-'14 5.3 13.3
  12. • Hedge funds • Mutual funds So late-stage private financing now facing unprecedented competition Source: CB Insights 12 Traditional public investors • Growth funds • Opportunity funds Traditional VC investors Moving Later Moving Earlier • Google • Rakuten • Alibaba Corporate VC Entrants New
  13. Thus valuations at later stage have gone up the fastest Source: Source; Q2 2014 PitchBook US Venture Industry Data Sheet, * As of Q1 2014 13 $ 1 $ 10 $ 100 $ 1,000 5.88 11.28 28.1 62.34 155 3.15 6.65 19.9 37.07 66.05 Seed Series A Series B Series C Series D+ 24% 14% 9% 14% 17% Median Pre-Money Valuation ($M) 2010 to 2014 CAGR 2014* 2010
  14. But this is not 2000. 14 This is fueling some discussion of a bubble. Both trends are real. The startup value & growth unprecedented thus new entrants forward paying prices for late-stage deals.
  15. So what will the future hold? What to expect as an angel, a founder, a VC? 15 Topic discussion: 1. Crowd-funding (Equity vs. Product Pre-Sale) 2. Angels 3. Venture Capital 4. Founders
  16. Venture Outlook 2015 Mark Suster - @msuster

×