Peter Moreira www.Entrevestor.com
Our Infographic www.Entrevestor.com
Ours is a Young Startup Sector www.Entrevestor.com
IT is Almost 2/3 of the Total www.Entrevestor.com
The Growth is Phenomenal -- Total Revenues -- Up 30%. -- The 162 Respondents Employed 1453 on 12/12/13 -- Up 43% in 1 Year. -- They Plan to Hire 759 in 2014 – Up 52%. -- Total Payroll Was $75.8 million -- Up 44%. www.Entrevestor.com
Older Startups in Growth Mode Even among companies more than 3-years old, the growth is strong: -- Revenues up 27% in 2013 -- Employment up 28% in 2013 -- Payroll up 34% in 2013 This is where employment gains happen! www.Entrevestor.com
These Are Good Jobs! www.Entrevestor.com
IT Is the Biggest Engine for Jobs www.Entrevestor.com
IT Lagged in ‘13 But is Bullish www.Entrevestor.com
Breakdown of Revenues $1M-Plus – 19 companies, accounting for 90% of the total revenue $100K-$1M – 27 companies in high growth mode, with 77% growth. Three expect 1000% growth this year. $1-$99K – 40 companies, 28 reporting revenue for the first time. Pre-revenue – 60 companies, of which 23 said they would not have revenues in 2014. www.Entrevestor.com
3 Trends In VC Financing www.Entrevestor.com
External Funding in 2013 Company Total Raise External Funder ($000) STI Technologies 17,000 Imperial Karma Gaming 5,000 Rho, Vanedge CarbonCure 3,500 BDC, Eagle Cliff, 350 Smart Skin 3,900 Rho Neurodyn 1,500 Mertz Holdings Analyze Re 1,250 BDC, Rho BDC Debentures: Eigen, FoodTender, R17, topLog www.Entrevestor.com
Irap Is on the Rebound www.Entrevestor.com
What Policy Would Help? Equity Tax Credit Reform Tech Education A Masters Program in Tech Sales A truly regional policy framework www.Entrevestor.com
Thank You! www.Entrevestor.com