the new and improved state of nyc investing

The New and Improved State of NYC Investing

What a difference a year makes

A bit over a year ago

A man, his wife and The Beast* moved from Boston to New York

* The 8 pound black, furry creature that lives with them

A bit of reflection feels in order

First off…

The Red Sox won the world series

Yet activity in New York continues to accelerate

0

20

40

60

80

100

120

140

160

$-

$200,000,000

$400,000,000

$600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

$1,400,000,000

$1,600,000,000

$1,800,000,000

Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 YTD

Investments in NY-based Companies 2009 - 2014 YTD

Dollars Invested Number of Deals Source: Crunchbase

And living where you hunt helps you eat

0

50

100

150

200

250

300

350

400

2010 2011 2012 2013

Number of NYC Companies Evaluated by Me by Year

29% CAGR

Source: Me

Startups here aren’t cheap

SF

AngelList Valuations by Geography

NYC EU

Source: AngelList

…but the big are getting bigger New capital raised since last presentation (15 months)

+$150M +$79M

+$70M +$40M

+$70M +$72M +$30M

+$47M

+$102M +$17M +$123M

+$30M +$136M +$51M

New capital raised since last presentation (15 months)

+$150M +$79M

+$70M +$40M

+$70M +$72M +$30M

+$47M

+$102M +$17M +$123M

+$30M +$136M +$51M

$1.02B

…across a diverse set of industries

+$150M +$79M

+$70M +$40M

+$70M +$72M +$30M

+$47M

+$102M +$17M +$123M

+$30M +$136M +$51M

…with a healthy set of IPO candidates IPOing and rumored IPO-ready companies

And, most importantly,

The Beast loves the dog park

Now for…

We’re a friendly bunch We’re a friendly bunch

and do more deals with each other than we do with other firms

Top 3 investment partners by firm

NYC Partner

No NYC Partner

Key

Source: CB Insights

Tumblr broke the $1B M&A mark…

…but Fab has seen better days

No new seed to scale players have entered

Seed/Angel funds with fulltime partners in NYC

Seed to scale funds with fulltime partners in NYC

New Entrants

And compared to Boston the university startup scene is weak

But most surprising of all

Beast has become a Yankees fan

But we forgive him because NYC is here to stay

And so are we

The End

Questions?

matt@flybridge.com @witheiler