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.

The State of NYC Seed - NextView

100 697 vues

Publié le

NextView's Tim Devane analyzes the stage of seed-stage VC and tech startups in New York City. Topics include hot sectors like food logistics, consumer goods and services, media and publishing, talent, and trends in venture capital. Report includes original and curated research, quotes from top NYC founders, and more.

Publié dans : Business
  • Hello! I can recommend a site that has helped me. It's called ⇒ www.HelpWriting.net ⇐ So make sure to check it out!
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • Get the best essay, research papers or dissertations. from ⇒ www.WritePaper.info ⇐ A team of professional authors with huge experience will give u a result that will overcome your expectations.
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • You are welcome to visit our brilliant writing company in order to get rid of your academic writing problems once and for all! ⇒ www.HelpWriting.net ⇐
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • DOWNLOAD THE BOOK INTO AVAILABLE FORMAT (New Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THE can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THE is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBOOK .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, CookBOOK, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, EBOOK, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THE Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THE the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THE Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • Sex in your area is here: ❤❤❤ http://bit.ly/39mQKz3 ❤❤❤
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici

The State of NYC Seed - NextView

  1. 1. THE STATE OF NEW YORK SEED Tim Devane, Principal @tdevane I N Y
  2. 2. ABOUT US 2 high conviction, hands-on seed VC Since our inception in 2010, we’ve invested in New York City. As of 2015, we’re proud to say we also have a dedicated NYC office to better support the local tech ecosystem. We believe entrepreneurs here deserve a focused partner at the earliest stage that offers one great product: a high conviction, hands-on seed investment. We like to lead, invest truly early, and are dedicated to advancing NYC as a major tech hub. David Beisel Jay Acunzo Rob Go Tim Devane Lee Hower |
  3. 3. ABOUT US 3 high conviction, hands-on seed VC To date, we’ve invested in NYC-based companies such as: David Beisel Jay Acunzo Rob Go Tim Devane Lee Hower | acq. MSFT acq. TWTR acq. GRPN STEALTH
  4. 4. ABOUT US 4 high conviction, hands-on seed VC As the one responsible for carrying the NextView banner in New York City every day, I thought I would share my analysis and opinion about the state of seed venture in NYC out to our world. Thanks for taking a look. – Tim (@tdevane) David Beisel Jay Acunzo Rob Go Tim Devane Lee Hower |
  5. 5. o  New York City Sector Spotlights +  Consumer Goods & Services +  Food Logistics +  Media & Publishing +  FinTech o  New York City Talent + Staffing in NYC + "City-Tech Native” Founders o  New York City Funding Trends + Pre-Seed + NYC VC: General + NYC VC: Seed 5 TABLE OF CONTENTS
  6. 6. SECTOR SPOTLIGHTS 6 2015 Industries of Note in NYC FinTechMedia & Publishing Food LogisticsConsumer Goods & Services
  7. 7. CONSUMER GOODS & SERVICES #1 7
  8. 8. 8 When we launched, a lot of people bucketed us as e-commerce…but we believe our brand can stand for much more thAn that over a long period. – Dave Gilboa, Co-Founder, Warby Parker “
  9. 9. CONSUMER GOODS AND SERVICES: CURRENT TRENDS 9 Brand - Vertical Ownership •  Companies that intentionally build an attractive, relatable brand from sourcing to development to fulfillment •  Helps build customer trust and loyalty •  Can represent more to customers then the specific product or service offered
  10. 10. CONSUMER GOODS AND SERVICES: CURRENT TRENDS 10 Brand - Vertical Ownership •  Companies that intentionally build an attractive, relatable brand from sourcing to development to fulfillment •  Helps build customer trust and loyalty •  Can represent more to customers then the specific product or service offered. Consumer Convenience •  Companies that provide consumers choice and save time •  Makes ease-of-use a prominent feature of the company •  Example models include on-demand services, mobile commerce, home try-on, and flexible subscription
  11. 11. CONSUMER GOODS AND SERVICES: CURRENT TRENDS 11 Brand - Vertical Ownership •  Companies that intentionally build an attractive, relatable brand from sourcing to development to fulfillment •  Helps build customer trust and loyalty •  Can represent more to customers then the specific product or service offered. Consumer Convenience •  Companies that provide consumers choice and save time •  Makes ease-of-use a prominent feature of the company •  Example models include on-demand services, mobile commerce, home try-on, and flexible subscription Since 2011, there’s been a Warby Parker effect in NYC à
  12. 12. CONSUMER GOODS: WARBY PARKER EFFECT combined seed funding raised by the following startups: 2011 Warby Parker Prescription Eyeglasses $1.5M raised
  13. 13. CONSUMER GOODS: WARBY PARKER EFFECT 2011 Harry’s Shaving Handy Home Care Services Alex & Ani Everyday Jewelry BarkBox Subscription Pet Products Warby Parker Prescription Eyeglasses $1.5M raised $10.2M raised 2012 combined seed funding raised by the following startups:
  14. 14. CONSUMER GOODS: WARBY PARKER EFFECT 2011 Oscar Insurance Boxed Home Goods Zady Retail Fashion Fly Cleaners On-Demand Laundry Nice Laundry Everyday Basics Bombfell Subscription Garments Grand Street Artisanal Electronics Boll & Branch Bedding Linens   Harry’s Shaving Handy Home Care Services Alex & Ani Everyday Jewelry BarkBox Subscription Pet Products Warby Parker Prescription Eyeglasses $1.5M raised $10.2M raised $47.5M raised 2012 2013 combined seed funding raised by the following startups:
  15. 15. CONSUMER GOODS: WARBY PARKER EFFECT 2011 Oscar Insurance Boxed Home Goods Zady Retail Fashion Fly Cleaners On-Demand Laundry Nice Laundry Everyday Basics Bombfell Subscription Garments Grand Street Artisanal Electronics Boll & Branch Bedding Linens   Harry’s Shaving Handy Home Care Services Alex & Ani Everyday Jewelry BarkBox Subscription Pet Products Warby Parker Prescription Eyeglasses $1.5M raised $10.2M raised $47.5M raised $79.5M raised 2012 2013 2014 combined seed funding raised by the following startups: Casper Mattresses Spring mCommerce Jet Home & Personal Goods Greats Shoes Perch Workspace Furniture Hickies Shoelaces Viyet Luxury Furniture Beauty Booked Stylist Booking Kaufman Mercantile Luxury Personal Items Dagne Dover Hand Bags Parcel On-Demand Delivery Service
  16. 16. …SINCE JANUARY 2014 16
  17. 17. $155M …SINCE JANUARY 2014 17 in seed capital invested in brand-first, convenience-first, consumer goods & services startups founded in NYC.
  18. 18. $155M …SINCE JANUARY 2014 18 $2.1M median round size: in seed capital invested in brand-first, convenience-first, consumer goods & services startups founded in NYC.
  19. 19. $155M …SINCE JANUARY 2014 19 $2.1M median round size: 4 avg. team size: in seed capital invested in brand-first, convenience-first, consumer goods & services startups founded in NYC.
  20. 20. $155M …SINCE JANUARY 2014 20 $2.1M median round size: 4 avg. team size: 2015 EXPLOSION… in seed capital invested in brand-first, convenience-first, consumer goods & services startups founded in NYC.
  21. 21. CONSUMER GOODS & SERVICES: SUMMARY New Yorkers have come to expect everything on-demand: New York is the destination for many major consumer brands: 4.4 million Uber pickups per month, $150 million spent annually on laundry delivery J.Crew, Rocawear, Revlon, Barnes & Noble, Calvin Klein, Estee Lauder, Macy’s, Modell’s 21 *Source: NPD Group Market Research; Publically Available Data THE NYC MARKET TODAY
  22. 22. CONSUMER GOODS & SERVICES: SUMMARY 22 THE NYC MARKET TOMORROW •  How many meaningful brands do consumers have the space for in their day-to-day? •  How many services have scalable unit economics to support an on-demand model? Continued seed investment in consumer daily goods and services companies founded in New York City, pitched as “Warby Parker for X.” Outstanding questions include:
  23. 23. CONSUMER GOODS & SERVICES: SUMMARY 23 THE NYC MARKET TOMORROW •  How many meaningful brands do consumers have the space for in their day-to-day? •  How many services have scalable unit economics to support an on-demand model? Continued seed investment in consumer daily goods and services companies founded in New York City, pitched as “Warby Parker for X.” Outstanding questions include: For a window into how NextView analyzes consumer, check out David Beisel’s Where To Look For The Next Consumer Startup Unicorn .  .  .  .  .  
  24. 24. FOOD LOGISTICS #2 24
  25. 25. FOOD LOGISTICS: SHIFTING ONLINE 25 Total Meal Orders in the U.S. by Phone vs. Online 2010 2011 2012 2013 2014 2015 Telephone Internet 33% 67% 61% 44% 47%22% 78% 27% 73% 39% 56% 53% Source: NDP Group Market Research; Trends and Analysis
  26. 26. 26 21.7Mworkday lunches every week in Manhattan alone Source: U.S. Census Data, NYC.gov Population Reports and Analysis FOOD LOGISTICS: NYC A TANTALIZING MARKET
  27. 27. 27 21.7Mworkday lunches every week in Manhattan alone NYC residents report not regularly cooking at home Source: U.S. Census Data, NYC.gov Population Reports and Analysis 4.7M FOOD LOGISTICS: NYC A TANTALIZING MARKET
  28. 28. 28 21.7M 5.8 meals per week workday lunches every week in Manhattan alone NYC residents report not regularly cooking at home per resident not prepared at home across all boroughs Source: U.S. Census Data, NYC.gov Population Reports and Analysis 4.7M FOOD LOGISTICS: NYC A TANTALIZING MARKET
  29. 29. 29 We thought the unique value proposition (in food) was to build a business entirely around delivery. - Caleb Merkl, Co-Founder, Maple “
  30. 30. 2013 2014 2015 Capital ($M) Deals FOOD LOGISTICS: VC INVESTMENT IN NYC 30 $86 24 $21 $483 From 2013 to 2015, annual venture capital investment in meal and food delivery startups over the same period has increased 30x. 8 Source: NextView Ventures Internal Analysis, Source Data: Mattermark, Crunchbase 13
  31. 31. FOOD LOGISTICS: NYC STARTUP LANDSCAPE 31 Delivery Logistics Homer Logistics BringMeThat Restaurant Delivery Arcade FoodToEat CityLunch Club Stadium Push For Pizza FoodToEat FoodieforAll BentoBox Grocer – Speciality Aloha OurHarvest Mouth Foods Try The World Mercato FreshNation Delivery Only Maple Morsel Kettlebell Kitchen Portable Chef Home Cooked Homemade Umi Cookunity EatInChef The Oliver Weston Meal Kits Blue Apron Plated Freshly HelloFresh HungryRoot Sakara Life GreenBlender
  32. 32. FOOD LOGISTICS: SUMMARY 32 The New York market can be a trap for food and meal delivery startups as the population density can create outsized order and revenue growth that is difficult to replicate in additional cities as the company expands.
  33. 33. FOOD LOGISTICS: SUMMARY Areas of opportunity for improving the model are: +  Streamlining the local delivery network +  Nuanced logistics management software +  Visual discovery products & marketing (photo + video) +  Mobile demand generation 33 The New York market can be a trap for food and meal delivery startups as the population density can create outsized order and revenue growth that is difficult to replicate in additional cities as the company expands.
  34. 34. FOOD LOGISTICS: SUMMARY Areas of opportunity for improving the model are: +  Streamlining the local delivery network +  Nuanced logistics management software +  Visual discovery products & marketing (photo + video) +  Mobile demand generation 34 The New York market can be a trap for food and meal delivery startups as the population density can create outsized order and revenue growth that is difficult to replicate in additional cities as the company expands. Food logistics is as much a hustler’s market as any and is therefore particularly apt for entrepreneurs with operational execution and customer acquisition advantages or superpowers within a founding team.
  35. 35. MEDIA & PUBLISHING #3 35
  36. 36. 36 As far as our ability to build an audience, New York is truly the most creative city in the world. I don’t think there’s another city that could make Tumblr what it is. - David Karp, Founder, Tumblr “
  37. 37. MEDIA & PUBLISHING: CONSISTENT NYC FUNDING 37 4-Year Total: $923M Source: NextView Internal Analysis; Data Source: Mattermark; Graph excluding single rounds above $50M and all-Ad Tech Companies Annual VC investment in early-stage media startups based in NYC $126M $195M $326M $274M 2012 2013 2014 2015
  38. 38. 38 MEDIA & PUBLISHING: THEMATIC DRIVERS – AUDIENCE
  39. 39. 39 Niche Content DailyWorth Panna Greatist MindBodyGreen PureWow AtlasObscura Food52 The Dodo Aplus Players' Tribune Fatherly MEDIA & PUBLISHING: THEMATIC DRIVERS – AUDIENCE
  40. 40. 40 Niche Content Young Voices DailyWorth Panna Greatist MindBodyGreen PureWow AtlasObscura Food52 The Dodo Aplus Players' Tribune Fatherly Mic TheSkimm Bustle TheMuse SpoonUniversity EliteDaily The Infatuation Genius Hardbound + MEDIA & PUBLISHING: THEMATIC DRIVERS – AUDIENCE
  41. 41. 41 Niche Content Young Voices New Audience DailyWorth Panna Greatist MindBodyGreen PureWow AtlasObscura Food52 The Dodo Aplus Players' Tribune Fatherly Mic TheSkimm Bustle TheMuse SpoonUniversity EliteDaily The Infatuation Genius Hardbound + = Rapid engagement 150M monthly active readers MEDIA & PUBLISHING: THEMATIC DRIVERS – AUDIENCE
  42. 42. 42 MEDIA & PUBLISHING: THEMATIC DRIVERS – TECH/TACTICS
  43. 43. 43 MEDIA & PUBLISHING: THEMATIC DRIVERS – TECH/TACTICS RebelMouse Honey Versa Point AuthorBee Newsela This. Social Curation
  44. 44. 44 RebelMouse Honey Versa Point AuthorBee Newsela This. Vizo News BreakingMedia Social Curation Quick Consumption MEDIA & PUBLISHING: THEMATIC DRIVERS – TECH/TACTICS
  45. 45. 45 RebelMouse Honey Versa Point AuthorBee Newsela This. Vizo News BreakingMedia Social Curation Quick Consumption MEDIA & PUBLISHING: THEMATIC DRIVERS – TECH/TACTICS Discovery WildCard Hullabalu Fresco News Readly Mobile-First
  46. 46. 46 RebelMouse Honey Versa Point AuthorBee Newsela This. Vizo News BreakingMedia Social Curation Quick Consumption MEDIA & PUBLISHING: THEMATIC DRIVERS – TECH/TACTICS Discovery WildCard Hullabalu Fresco News Readly Mobile-First NowThisNews Wibbitz Gimlet Media OverCast MoLabs Audio/Video Consumption
  47. 47. 47 RebelMouse Honey Versa Point AuthorBee Newsela This. Vizo News BreakingMedia Social Curation Quick Consumption MEDIA & PUBLISHING: THEMATIC DRIVERS – TECH/TACTICS Discovery WildCard Hullabalu Fresco News Readly Mobile-First NowThisNews Wibbitz Gimlet Media OverCast MoLabs Audio/Video Consumption online audiences shifting their consumption behavior =
  48. 48. MEDIA & PUBLISHING: ECOSYSTEM THAT NURTURES 48 NYC is the home of the media industry and has created a startup-friendly ecosystem, with media-focused incubators, investors, and studios present. The larger players have also exhibited a consistent appetite for acquiring young media startups.
  49. 49. MEDIA & PUBLISHING: ECOSYSTEM THAT NURTURES 49 $285M invested Since ‘13 Continued Support From Betaworks NYTimes R&D Lab Comcast’s Venture Arm 9 Acquisitions since ‘12 8 Acquisitions since ‘12 7 Acquisition since ‘13 FOSTERING NEW INNOVATION APPETITES FOR ACQUISITION 5 Acquisitions since ‘14 NYC is the home of the media industry and has created a startup-friendly ecosystem, with media-focused incubators, investors, and studios present. The larger players have also exhibited a consistent appetite for acquiring young media startups.
  50. 50. MEDIA & PUBLISHING: ANTICIPATING MORE M&A 50 Newly established media giants in NYC represent a field of tech-forward, high-growth organizations with significant capital for acquisitions as they continue to seek mainstream audience saturation and increased engagement stats
  51. 51. MEDIA & PUBLISHING: ANTICIPATING MORE M&A 51 14 acquisitions and $1.5B Raised since ‘11 Newly established media giants in NYC represent a field of tech-forward, high-growth organizations with significant capital for acquisitions as they continue to seek mainstream audience saturation and increased engagement stats
  52. 52. FINTECH #4 52
  53. 53. 53 There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking. - Jamie Dimon, CEO, JP Morgan “
  54. 54. 2012 2013 2014 2015 Accounting Markets Wealth Management Payments Lending Risk & Security Insurance FINTECH: VC DEALS BY FINTECH SUBSECTOR, ‘12-‘15 54 24% 23% 12% 17% 12% 15% 24% 14% 16% 15% 18% 28% 33% 28% 21% 12% 8% 14% 21% 24% 5% 4% 2% 2% 2% 2% 3% Source: NextView Ventures Internal Analysis; Mattermark
  55. 55. 2012 2013 2014 2015 Accounting Markets Wealth Management Payments Lending Risk & Security Insurance FINTECH: VC DEALS BY FINTECH SUBSECTOR, ‘12-‘15 55 24% 23% 12% 17% 12% 15% 24% 14% 16% 15% 18% 28% 33% 28% 21% 12% 8% 14% 21% 24% 5% 4% 2% 2% 2% 2% 3% Source: NextView Ventures Internal Analysis; Mattermark 49 DEALS 71 DEALS 85 DEALS 96 DEALS
  56. 56. FINTECH: THE CITY EMBRACES BITCOIN 56 October 2015 January 2014 July 2014 June 2015
  57. 57. FINTECH: THE CITY EMBRACES BITCOIN 57 October 2015 January 2014 July 2014 June 2015 The Bitcoin Center NYC opens on Wall Street as a crypto-currency education, advocacy, and community development organization
  58. 58. FINTECH: THE CITY EMBRACES BITCOIN 58 October 2015 January 2014 July 2014 June 2015 The NYC Taxi and Limousine Commission adopts Bitcoin payment for yellow cab rides
  59. 59. FINTECH: THE CITY EMBRACES BITCOIN 59 October 2015 January 2014 July 2014 June 2015 New York becomes first state to issue comprehensive rules and guidelines for regulating digital currency firms
  60. 60. FINTECH: THE CITY EMBRACES BITCOIN 60 October 2015 January 2014 July 2014 June 2015 Barry Silbert launches the Digital Currency Group in New York to invest in Bitcoin and blockchain startups
  61. 61. FINTECH: THE CITY EMBRACES BITCOIN 61 Recently Seed-Funded NYC Bitcoin Startups: October 2015 January 2014 July 2014 June 2015
  62. 62. FINTECH: CONTINUED UNBUNDLING OF THE BANK 62 A map of the NYC FinTech startups building for a specific financial service (the majority of which are traditionally provided by a bank)
  63. 63. FINTECH: CONTINUED UNBUNDLING OF THE BANK 63 Graphic via letstalkpayments.com, 12.15.15 A map of the NYC FinTech startups building for a specific financial service (the majority of which are traditionally provided by a bank)
  64. 64. 64 PLENTY OF QUESTIONS REMAIN FINTECH: SUMMARY
  65. 65. 65 1.  Will mainstream consumers begin to trust the startup robo-bank and algorithm more than human wealth managers and bank tellers? 2. Will the financial establishment in New York incubate and foster startup innovators within their industry … or view them competitively and push back? 3.  Will the transparency and performance of new consumer finance products and services outweigh the convenience of the all-in-one retail banking incumbent? 4.  How does the decrease of human-powered exchange and asset trading contribute to an overall contraction in the financial services industry? PLENTY OF QUESTIONS REMAIN FINTECH: SUMMARY
  66. 66. 66 1.  Will mainstream consumers begin to trust the startup robo-bank and algorithm more than human wealth managers and bank tellers? 2. Will the financial establishment in New York incubate and foster startup innovators within their industry … or view them competitively and push back? 3.  Will the transparency and performance of new consumer finance products and services outweigh the convenience of the all-in-one retail banking incumbent? 4.  How does the decrease of human-powered exchange and asset trading contribute to an overall contraction in the financial services industry? PLENTY OF QUESTIONS REMAIN FINTECH: SUMMARY NextView tends towards deep analysis of FinTech. For an example, check out Lee Hower’s long-term view of Square, published just ahead of their recent IPO. .  .  .  .  .  
  67. 67. STARTUP TALENT #5 67
  68. 68. STARTUP TALENT: NYC BY THE NUMBERS 68
  69. 69. STARTUP TALENT: NYC BY THE NUMBERS 3.1 Millionof the city’s residents have an undergraduate college degree 69 Source: U.S. Small Business Administration, U.S. Census Bureau, U.S. Bureau of Labor Statistics
  70. 70. STARTUP TALENT: NYC BY THE NUMBERS 3.1 Millionof the city’s residents have an undergraduate college degree 70 Source: U.S. Small Business Administration, U.S. Census Bureau, U.S. Bureau of Labor Statistics 190,000small business employers – second-most of any U.S. city
  71. 71. STARTUP TALENT: NYC BY THE NUMBERS 3.1 Millionof the city’s residents have an undergraduate college degree 71 Source: U.S. Small Business Administration, U.S. Census Bureau, U.S. Bureau of Labor Statistics 300,000engineering, programming and mathematics jobs 190,000small business employers – second-most of any U.S. city
  72. 72. STARTUP TALENT: NYC BY THE NUMBERS 3.1 Millionof the city’s residents have an undergraduate college degree 72 Source: U.S. Small Business Administration, U.S. Census Bureau, U.S. Bureau of Labor Statistics 3.6 Millionresidents are 30 years old or younger 300,000engineering, programming and mathematics jobs 190,000small business employers – second-most of any U.S. city
  73. 73. STARTUP TALENT: NYC’S SURPLUS 73 Graduate and undergraduate schools at universities and colleges as well as vocational design and technical programs based in New York City produce local engineering and product talent every year. They include:
  74. 74. STARTUP TALENT: NYC’S SURPLUS 74 NYC is also the epicenter of many industries with countless tech- savvy employees currently working for legacy companies. This presents seed companies with a perpetual pool of future hires as operators and executives, as well as advisors. These industries include: FINANCE MEDIA FASHION ADVERTISING CONSULTINGSPORTS INSURANCEREAL ESTATE LAW TELECOM
  75. 75. STARTUP TALENT: NYC’S SURPLUS 75 NYC is also the epicenter of many industries with countless tech- savvy employees currently working for legacy companies. This presents seed companies with a perpetual pool of future hires as operators and executives, as well as advisors. These industries include: This dynamic is particularly helpful during a growth period for a startup that now needs to scale the team. FINANCE MEDIA FASHION ADVERTISING CONSULTINGSPORTS INSURANCEREAL ESTATE LAW TELECOM
  76. 76. STARTUP TALENT: CITY-TECH NATIVE FOUNDERS 76 City-Tech Natives: First-time founders who came up in the NYC ecosystem. Also contributing to a strong and growing ecosystem:
  77. 77. STARTUP TALENT: CITY-TECH NATIVE FOUNDERS 77 Also contributing to a strong and growing ecosystem: +  Knows the playbook for entrepreneurial success from being early employee at high growth startup(s) +  Years of patience and discipline in absorbing experience and knowledge now unleashed as he/she founds NewCo +  Often has a chip on his/her shoulder and something to prove City-Tech Natives: First-time founders who came up in the NYC ecosystem.
  78. 78. The high-growth companies of this current cycle in NYC – Tumblr, Makerbot, Foursquare, Buzzfeed, MongoDB, Etsy, etc. – Have created a critical mass of talented hackers and designers. We believe many of the great NYC companies in this next wave will be founded by people who grew up in the first wave. - Nick Chirls, Partner, Notation Capital “ 78
  79. 79. STARTUP TALENT: CITY-TECH’S NEXT WAVE 79 Poncho Kuan Huang (Hatch Labs) Zola Shan-Lyn Ma (Chloe & Isabel, Gilt Groupe) Electric Objects Jake Levine (Digg, Ladders) Andrew Lister (Foursquare) Dasher Mike Rothman (Thrillist) Fatherly Abacus Ted Power (Foursquare) Squad Adam Liebman (SinglePlatform) Matt Hackett (Tumblr) beme Brian Tobal (Thinkful, Boundless) Hickory Vianney Brandicourt (Spotify, Foursquare) Nestie Dan Reich (Lotame, BuddyMedia) Troops Scott Britton (SinglePlatform) Jen Rubio (Warby Parker) Steph Korey (Warby Parker) Josh Goldstein (Bondsy) Underdog Chris Muir (Hyperpublic) Away (An obviously non-exhaustive list.)
  80. 80. NYC VENTURE TRENDS #6 80
  81. 81. 81 PRE-SEED: JUST ENOUGH $ TO LAUNCH
  82. 82. 82 A pre-seed is an early round of financing designed to help a company achieve certain intermediate milestones prior to the magic combination of strong product market fit and meaningful traction. - Rob Go, Partner, NextView “ PRE-SEED: MAKING SENSE OF THE TREND
  83. 83. PRE-SEED: IN CONTEXT 83 Inception Product-Market Fit Scalable Growth SEED SERIES A PRE-SEED
  84. 84. PRE-SEED: IN CONTEXT 84 Inception Product-Market Fit Scalable Growth SEED SERIES A PRE-SEED WHAT ARE PRE-SEEDS AND WHY DO THEY EXIST? We believe this is a crucial topic to understand as a founder. To help, here are two deeper dives into pre-seeds: HOW NEXTVIEW APPROACHES PRE-SEED DEALS
  85. 85. 85 2014 2015 The pre-seed phenomenon is pronounced in a New York ecosystem with comparatively fewer funding sources and less available capital. With traditional seed rounds decreasing as early financings begin to inflate and resemble Series A rounds, smaller funds and micro-VCs look to pre-seed rounds for early ownership. Percent Change in # of VC Deals by Stage in NYC + 41% - 37% + 10% PRE-SEED: THE FLATTENING OF SEED IN NEW YORK Pre-Seed Institutional Seed Series A or later
  86. 86. 86 PRE-SEED: SUMMARY Entrepreneurs need smaller financing rounds ahead of an initial product launch Those early-stage investors who get priced out of instiutional seed or Series A rounds need to invest earlier for ownership Pre-Seed Increase in NYC
  87. 87. NYC 2015: THE YEAR IN VENTURE #7 87
  88. 88. NYC: VC INVESTMENT 2015 88 Etsy Business Insider Tapad LearnVest Sunrise* IPO $442M $360M $250M $100M * Sunrise was a NextView Ventures seed investment; Source: NextView Internal Analysis; Mattermark; CBInsights NOTABLE EXITS
  89. 89. NYC: VC INVESTMENT 2015 89 NYC: $7.7 Billion Global VC 6.2% NOTABLE EXITS NYC VC AS % OF GLOBAL * Sunrise was a NextView Ventures seed investment; Source: NextView Internal Analysis; Mattermark; CBInsights Etsy Business Insider Tapad LearnVest Sunrise* IPO $442M $360M $250M $100M
  90. 90. NYC: VC INVESTMENT 2015 90 NYC: $7.7 Billion Global VC 6.2% NOTABLE EXITS NYC VC AS % OF GLOBAL 0   50   100   150   200   250   0   200000000   400000000   600000000   800000000   1E+09   1.2E+09   1.4E+09   1.6E+09   1.8E+09   2E+09   b2b Software non-Software b2b Services b2c Software Consumer Goods & Services Media & Publishing Healthcare & Pharma FinTech Insurance Housing & Travel Capital ($MM) Deals 1.75B        207       108 1.01B 134 745 60 643 640 82 427 41 401 73 23 323 31 276 MOST-FUNDED SECTORS * Sunrise was a NextView Ventures seed investment; Source: NextView Internal Analysis; Mattermark; CBInsights Etsy Business Insider Tapad LearnVest Sunrise* IPO $442M $360M $250M $100M
  91. 91. NYC: SEED 2015 91*Seed representing rounds <$4.5M; **NextView Ventures portfolio company | Source: NextView Ventures Internal Analysis; Mattermark; Crunchbase; Angelist 175 SEED-STAGE DEALS* $291 MILLION IN CAPITAL
  92. 92. NYC: SEED 2015 92*Seed representing rounds <$4.5M; **NextView Ventures portfolio company | Source: NextView Ventures Internal Analysis; Mattermark; Crunchbase; Angelist 175 SEED-STAGE DEALS* $291 MILLION IN CAPITAL NOTABLE SERIES A ROUNDS (POST-SEED) Managed By Q: $15M Pager: $14M x.ai: $9.2M Paintzen**: $7.2M TalkSpace: $9.5M Artivest: $15M Button: $12M Reserve: $15M
  93. 93. NYC: SEED 2015 93*Seed representing rounds <$4.5M; **NextView Ventures portfolio company | Source: NextView Ventures Internal Analysis; Mattermark; Crunchbase; Angelist 175 SEED-STAGE DEALS* $291 MILLION IN CAPITAL NOTABLE SERIES A ROUNDS (POST-SEED) 3% 97% SEED AS % OF CAPITAL 24% 76% SEED AS % OF DEALS Managed By Q: $15M Pager: $14M x.ai: $9.2M Paintzen**: $7.2M TalkSpace: $9.5M Artivest: $15M Button: $12M Reserve: $15M
  94. 94. 94 IN THE END: BUILD IN NYC New York. It was an adult portion. It was an adult dose. So it took a couple of trips to get into it. You just go in the first time and you get your ass kicked and you take off. As soon as it heals up, you come back and you try it again. Eventually… You fall right in love with it. - Levon Helm “ I NY
  95. 95. 95 THANK YOU For more insights for seed-stage startups, subscribe to our weekly email, sharing resources & stories about gaining startup traction with insights from companies like these: SUBSCRIBE (We’ll auto-respond with our most popular resources) @tdevane @NextVIewVC|

×