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Similaire à Acg ny presentation 3-30-11
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Plus de Jeffrey Bussgang
Plus de Jeffrey Bussgang (20)
Acg ny presentation 3-30-11
- 1. ACG – NYThe Future of Digital Media Jeff Bussgang General Partner Flybridge Capital Partners March 30, 2011
- 2. Summary View We are in the middle of an unprecedented boom in technology and innovation A true “Golden Age” for innovation Growth opportunity ahead of us is more rapid and global than ever before US is well positioned for the future During an innovation age, we have an innovation economy that is the envy of the world
- 4. VP at Open Market (IPO ‘96)Author: Mastering the VC Game
- 6. The “i” generation, training “Net Natives – iPod, iPhone, iPad
- 11. Completion of the Human Genome Mapping project
- 12. Green consumer
- 13. Renewable energyAn explosion in computing power, connectivity and entrepreneurship with an outlook for accelerated growth over the next 10 years
- 15. Venture Capital
- 18. Venture Capital: Regional Comparison Total VC Investment 2010 Boston: $2.4B New York: $1.3B California: $11.1B Source: NVCA 2011 Yearbook
- 19. Why Now? Contextual Forces Lean Start-Ups Cloud Computing Moore’s Law Reduced Cost To Experiment Opportunity for Angels & VCs
- 20. Technology startup incubator programs are multiplying
- 21. More business plan competitions….….with more resources and record submissions $20k $30k $200k $225k $50K $200k Source: Robert W. Fairlie using Current Population Survey
- 22. Large tech company market caps have grown 63% in last 2 years Market Cap ($B) Dow $1.4 T Dow grew 11% 63% $ 0.85 T
- 23. Mid-size tech company market caps have grown 117% in last 2 years Market Cap ($B) Dow $268 B Dow grew 11% 117% $ 123 B
- 24. Tech company balance sheets are strong with tons of cash Source: Bloomberg BusinessWeek. images.businessweek.com/mz/.../0503_tech_cash_pile.pdf?...technology
- 25. Next Wave of Valuable Internet Properties Emerging
- 26. Bubble-Driven orFundamentals-Driven? $8-10B valuation IPO Filed $10B valuation IPO Filed $65B valuation $15-25B valuation
- 27. Still huge opportunities for innovation and growthInternet & Mobile consume many eyeballs, little advertising $’s Source: Morgan Stanley
- 28. Mobile internet technology Source: Morgan Stanley
- 29. The “i” generation has arrived Source: Top Mobile Internet Trends, Matt Murphy/Mary Meeker – 2/10/11; Apple
- 30. Ridiculous growth in data traffic…. Source: Morgan Stanley
- 31. US now home to less than 40% of the top 50 Most innovative companies Global broadband access is growing exponentially The middle class is exploding No of companies Global opportunity: The world is truly flat The Expanding World Middle Class Million, year-end 2006 2010 +42% Personal/mobile Shared/premise Non-US Source: Goldman Sachs: Innovation 2010 BusinessWeek / BCG Survey Results; Telco 2.0 Mobile and Fixed Future Broadband Business Models
- 32. Cloud computing and the data explosion Cloud computing enabling massive growth in volume of digital data Worldwide Cloud Services Revenue Data Volume (ZB) Revenue ($B) CAGR 43% CAGR 28% According to Gartner Research:“Cloud Computing will be as influential as E-business” Source: Gartner; Morgan Stanley; IDC
- 33. All The New Jobs Are Created By Startups Excluding jobs from new firms, US net employment growth rate is negative Without startups, net job creation for the American economy would be negative in all but a handful of years
- 34. Conclusion Unique and special time for entrepreneurship Unique and special time for technology and innovation Digital Media is being transformed by a host of global contextual forces For the foreseeable future, US has huge edge in generating these innovations, which will be the engine that will drive our economy
Notes de l'éditeur
- Voiceovers:Over the next decade, the evolution of computing and the Internet will produce faster, increasingly intelligent devices. More of our possessions will contain sensors and computers that log our activities, building digital dossiers that augment our memories, help us make decisions and tame information overload.In the next decade as conjured by Forrester Research analyst James McQuivey, all that information will be available instantaneously, anywhere. He also thinks we'll all use this technology just to keep up with everyone else.Craig Mundie, Microsoft Corp.'s chief research and strategy officer, believes we are near a long-wished-for era of computers that respond to speech, gestures and handwriting.The 2000s saw Google become one of the world's most powerful companies because it helped us get a grip on the sprawling content of the Web. What we will need next, however, is a company that doesn't just organize data. Google, or the next Google, will have to synthesize all that information and help us understand what it all means.It used to be we investors focused on how to innvoate in the context of the $50B software industry. Now we are focused on innovating in the $15T GDP economy and
- MIT, in particular, has been a start-up company factory33,600 companies founded by MIT affiliates; 25,800 are currently activeEmploy 3.3M people and generate $2T in sales250-300 new companies started each year by students and alumniEnduring giants: Campbell Soup, Gillette, Bose, HP, Intel, TI, Genentech, Raytheon, Qualcomm, iRobot, AkamaiMIT Technology Licensing Office (TLO) 2008:282 patents filed, 122 issued20 companies started with VC or $50k of other funding$89.1M in revenues from royalties and equity
- VC Investments are very, very concetrated in the US. 70% of all VC $ flows into 3 states.Massachusetts has always been a strong #2 to California. But when you look at the numbers on a per capita basis (which is what entrepreneurs care more about – after all, it’s not very relevant how much capital is invested in China, what’s relevant is how concentrated that capital is)…
- http://www.readwriteweb.com/archives/guide_to_seed_fund_incubators.php
- New Business creation rate is highest ever in last 14 yearsIdeaWins is Microsofts new competition. $100K + NYC storefront (100K value)
- Voiceover – Mobile user estimated to overtake desktop users in 2014 (at 1.6 B users)
- Voiceover: enabled by growth in wireless options (GPS, 3G, Wi-Fi, Bluetooth)