CT has slipped from 14th to 21st in terms of venture $ invested in 2011 form 2010. AS recently as 1995 we were 4th.

1. Liddy Karter, Exec. Dir.
Venture In CT 2012?
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2. CT VC Investment Slipping
1. Consistently 4th in VC $ Managed
2. 2010 - 14th in VC $ invested
3. 2011 - 21st in VC $ invested
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3. VC - 13% of Private Equity $
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4. US VC $ Invested by Stage
3%
33% Seed
29%
Early Stage
Expansion
Later Stage
35%
Source: The MoneyTree™ Report from PricewaterhouseCoopers and the National Venture Capital Association
based on data provided by Thomson Reuters
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5. CT 4TH In VC $ Managed In 2010
$120,000
$100,000
$80,000
CA(#1)
$ Millions
$60,000 MA(#2)
NY(#3)
$40,000 CT(#4)
$20,000
$0
1985 1995 2005 2010
Source: 2011 NVCA Yearbook
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6. CT Slipping in VC $ Invested
$ Invested In The State
$3,500
$3,000
$2,500
MA(#2 in 2011)
$ Millions
$2,000
NY (#3 in 2011)
$1,500
CT(#21 in 2011)
$1,000
$500
$0
2010 2011
Source: PwC/NVCA MoneyTree Report
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7. CT Regional Lead Also Slipping
$ Invested In The State
$250
$200
$150 CT
$ Millions
Upstate NY
Western MA
$100 RI
Westchester County
$50
$0
2010 2011
Source: PwC/NVCA MoneyTree Report
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8. CT 21st In VC $ Invested in 2011
$16,000
$14,000
$12,000
$10,000 CA(#1)
$ Millions
MA(#2)
$8,000
NY(#3)
$6,000 CT(#21)
$4,000
$2,000
$0
1985 1995 2005 2011
Source: PwC/NVCA MoneyTree Report
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9. Barely Visible VC investment
$120,000
$100,000
$80,000
$ Millions
$ Invested in State
$60,000 $ Under Management
$40,000
$20,000
$0
CA MA NY CT
Sources: PwC/NVCA MoneyTree Report and 2011 NVCA Yearbook
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10. #2 in VC $ Exported
Defined as:
($ Under Management / 6 Years) – $ Invested in State in 2011
$2,500
$2,000
$1,500
$ Millions
$1,000
$500
$0
MA CT DC MD PA NJ MI MO
Sources: PwC/NVCA MoneyTree Report and 2011 NVCA Yearbook
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11. CT Increasing VC $ Managed
50%
45%
40%
% of Top 4 States (CA, MA, NY, CT)
35%
30% CA
MA
25%
NY
20%
CT
15%
10%
5%
0%
1985 1995 2005 2010
Source: 2011 NVCA Yearbook
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12. Strategic Mission
1. Get more VC $ invested in CT
2. Increase VC $ managed in CT
3. Highlight VC backed successes:
• Advanced Biohealing
• Higher One
• Tangoe
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13. Vision, Mission and Brand
The CVG mission:
“To assist
the development of
high growth enterprises
through the promotion of capital formation
in Connecticut”

14. Potential for Job growth
– $25,000 of venture investment = 1 job
– If CT performed like MA in 2010 we would have
had 18,000 additional jobs; about 11% of the
unemployed in CT.
• According to Indeed.com and salary.com the average
wage in Venture backed companies is $89k/yr.
Average wage in CT is $76k.
• $1.6B in CT wages
• Income Tax Revenues of $82MM/year

15. Accomplishments 2011
– Identify VC community
– Engage key VC funds
– Create successful events
– Integrate with Innovation Ecosystem
• Venture Principals
• Professional Services community
• State and Federal Government
• Universities
• Investors
• Entrepreneurs

16. Objectives 2012
– Connect existing VC funds to CT Companies
– Create new VC funds in CT
– Engage a wider audience at events

17. Sources and Links
– National Venture Capital Association
• http://www.commerce.gov/news/press-releases/2009/09/24/commerce-
secretary-locke-announces-new-commerce-initiatives-foster-in
– National Venture Capital Association
• www.nvca.org
• 2011 yearbook- Thomson Reuters
– PWC Money Tree
• www.pwcmoneytree.com
– WI Dept of Commerce
• www.commerce.state.wi.us/bd/BD-Act255-Venture
capitalseedfund.html