1. The Research of Incubation Center
in Silicon Valley
Naoya Muto
1

2. Total Venture Capital Investment By 2008 - Q3 2012
35 50%
Amount Invested(bilions)
Persentage of Silicon Valley
30
45%
25
20
40%
15
10
35%
5
30%
2008 2009 2010 2011 Q3 2012
source: MoneyTree Report by PricewaterhouseCoopers
2

3. Total Venture Capital Investment By 2008 - Q3 2012
5000 50%
Number of Deals
Persentage of Silicon Valley
4000 40%
3000 30%
2000 20%
1000 10%
0%
2008 2009 2010 2011 Q3 2012
source: MoneyTree Report by PricewaterhouseCoopers
3

4. 4

5. New York “Silicon Alley”
Los Angeles “Silicon Beach”
Boston “Route 128”
5

6. Total Venture Capital Investment in IT Industry �
million By 2008 -Q3 2012 �
6000
Silicon Valley� New England�
NY metro� Los Angeles�
5000
4000
3000
2000
1000
2008 2009 2010 2011 Q3 2012
※ IT Industry = Software + IT Services
source: MoneyTree Report by PricewaterhouseCoopers
6

7. Total Venture Capital Investment in IT Industry �
million By 2008 -Q3 2012 �
6000
Silicon Valley� New England�
NY metro� Los Angeles�
5000
4000
3000
2000
1000
2008 2009 2010 2011 Q3 2012
※ IT Industry = Software + IT Services + Media&Entertainment
source: MoneyTree Report by PricewaterhouseCoopers
7

8. Q2 2012 Top Deals(Largest U.S. Venture Capital Investments)
No. Company City Industry Amount
1 Fisker Automotive, Inc. Anaheim Industrial/Energy $147,599,000
2 Harvest Power, Inc. Waltham Industrial/Energy $112,000,200
3 Bloom Energy, Inc. Sunnyvale Industrial/Energy $100,000,000
4 Pinterest, Inc. Palo Alto Media and Entertainment $100,000,000
5 Castlight Health, Inc. San Francisco Software $99,999,900
6 Skybox Imaging, Inc. Mountain View Telecommunications $70,228,000
7 Qualtrics Labs, Inc. Provo Software $70,000,000
8 Quora, Inc. Palo Alto Media and Entertainment $60,000,000
9 SunRun, Inc. San Francisco Industrial/Energy $60,000,000
10 Palantir Techonologies, Inc. Palo Alto Software $56,120,000
IT Companies in Silicon Valley
source: MoneyTree Report by PricewaterhouseCoopers
8

9. Q2 2012 Top Deals(Largest U.S. Venture Capital Investments)
No. Company City Industry Amount
1 Fisker Automotive, Inc. Anaheim Industrial/Energy $147,599,000
2 Harvest Power, Inc. Waltham Industrial/Energy $112,000,200
3 Bloom Energy, Inc. Sunnyvale Industrial/Energy $100,000,000
4 Pinterest, Inc. Palo Alto Media and Entertainment $100,000,000
5 Castlight Health, Inc. San Francisco Software $99,999,900
6 Skybox Imaging, Inc. Mountain View Telecommunications $70,228,000
7 Qualtrics Labs, Inc. Provo Software $70,000,000
8 Quora, Inc. Palo Alto Media and Entertainment $60,000,000
9 SunRun, Inc. San Francisco Industrial/Energy $60,000,000
10 Palantir Techonologies, Inc. Palo Alto Software $56,120,000
IT Companies in Silicon Valley
source: MoneyTree Report by PricewaterhouseCoopers
9

10. Q2 2012 Top Deals(Largest U.S. Venture Capital Investments)
No. Company City Industry Amount
1 Fisker Automotive, Inc. Anaheim Industrial/Energy $147,599,000
2 Harvest Power, Inc. Waltham Industrial/Energy $112,000,200
3 Bloom Energy, Inc. Sunnyvale Industrial/Energy $100,000,000
4 Pinterest, Inc. Palo Alto Media and Entertainment $100,000,000
5 Castlight Health, Inc. San Francisco Software $99,999,900
6 Skybox Imaging, Inc. Mountain View Telecommunications $70,228,000
7 Qualtrics Labs, Inc. Provo Software $70,000,000
8 Quora, Inc. Palo Alto Media and Entertainment $60,000,000
9 SunRun, Inc. San Francisco Industrial/Energy $60,000,000
10 Palantir Techonologies, Inc. Palo Alto Software $56,120,000
IT Companies in Silicon Valley
source: MoneyTree Report by PricewaterhouseCoopers
9

11. Investments by Stage of Development By 2008 - Q3 2012�
(Number of Deals)�
4500
Later Stage�
Expansion�
4000
Early Stage�
3500 Seed�
3000
2500
2000
1500
1000
500
2008 2009 2010 2011 Q3 2012
source: MoneyTree Report by PricewaterhouseCoopers
10

12. Investments by Stage of Development By 2008 - Q3 2012�
billion
(Amount Invested)�
350
Later Stage�
Expansion�
300 Early Stage�
Seed�
250
200
150
100
50
2008 2009 2010 2011 Q3 2012
source: MoneyTree Report by PricewaterhouseCoopers
11

13. Latest Trend
“Accelerator”
12

14. 13

15. 1995
14

16. 2005
15

17. 2006
16

18. 2008
17

19. 2010
18

20. 2011
19

21. 2012
20

22. Plug and Play Tech Center
21

23. Hub Berkeley
22

24. 500 Startups
23

25. pariSoma
24

26. WeWork
25

27. InnoSpring
26

28. RocketSpace
27

29. Category Basic Business Model Stock/Flow Screening
Real Estate Business
Office Incubator Stock Low
(leasing office space)
Capital gain by exit of their
Startup Accelerator Flow High
investment companies
Co-working Space membership fee Stock Low
28

30. Office Incubator
Startup Accelerator
Co-working Space
29

31. What Are Factors Required for Accelerators?
- Program
- Investment (Funding)
- Hands-on Support (Mentors, Class, Events)
- Demo Day
30

32. Top U.S. Startup Incubators And Accelerators
Rank Incubator/Accelerator City Founded Biggest Portfolio
1 Y combinator Mountain View, CA 2005 Dropbox, Airbnb
2 TechStars Boulder, Boston, New York, Seattle, San Antonio 2007 Thinkfuse, Socialthing
3 DreamIt Ventures Philadelphia, New York, Israel 2008 LevelUp, SCVNGR
4 AngelPad San Francisco 2010 Adku, Frugalo
5 Launchpad LA Los Angels 2009 Sometrics, GumGum
6 Excelerate Labs Chicago 2010 GiveForward,FeeFighters
7 Kicklabs San Francisco 2010 Kiip, Giftiki, tout
8 500 Startups Mountain View, CA 2010 CardMunch, Punchd
9 TechNexus Chicago 2007
10 Tech Wildcatters Dallas 2009 Qwiqq
Accelerator in Silicon Valley
source: Forbes [Top Startup Incubators And Accelerators]
31

33. 32

34. Forbes’ Ranking focuses on
the value of the incubator’s companies.
What is the value of the incubator’s companies?
the exit prices the last priced equity valuation
33

35. Forbes’ Ranking focuses on
the value of the incubator’s companies.
What is the value of the incubator’s companies?
Everyone give most importance on
the exit prices the last priced equity valuation
which companies were produced by
accelerators.
34

36. ×
×
×
×
Most of incubators want to become accelerator.
35

37. https://twitter.com/takefujisan
https://www.facebook.com/naoyamutou
http://www.linkedin.com/in/naoyamuto
36