PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree Survey Q Update August 2003 by: Victor Petri Global Sector Leader Shaking the MoneyTree
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 3 About The Survey PricewaterhouseCoopers collaborates with Thomson Venture Economics and the National Venture Capital Association to produce the MoneyTree™ Survey ‘Core’ measure of equity investments in venture-backed companies in the United States Companies have received at least one round of financing involving a professional VC firm or equivalent Captures: tranches, not term sheets, foreign VCs, qualified private placement Excludes: debt, bridge loans, recaps, roll-ups, IPOs, PIPEs, leasing, etc. MoneyTree™ Survey in its 9th year Results online at
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 4 MoneyTree Total Investments Q – Q ($ in billions) # of Deals , , ,345 1,458 1,916 2,164 2,178 1,983 1, ,277 1, ,000 1, YTD 2003
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 5 Total U.S. Venture Capital Investments 1980 – YTD Q ($ in billions) # of Deals ,150 1,424 1,507 1,412 1,431 1,627 1,519 1,536 1,457 1,399 1,259 1,188 1,887 2,6424,168 5,640 1,223 3,221 8,138 4,635 3,039 1,316 Annual Venture Capital Investments 1980 to YTD Q2 2003
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 6 Texas $ Deals Silicon Valley $1, Deals New England $ Deals Midwest $ Deals South Central $ Deals Northwest $ Deals Sacramento/N. CA $8.0 2 Deals San Diego $ Deals Investments by Region Q Southeast $ Deals Southwest $ Deals LA/Orange County $ Deals DC/Metroplex $ Deals NY Metro $ Deals Philadelphia Metro $ Deals North Central $ Deals Q Total Investments - $4,281 ($ in millions) Colorado $ Deals Other US/ Undisclosed $ Deals Upstate NY $ Deals
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 7 Investments by Stage of Development - Q # of Deals % Change in $ Amount from Q1 ‘03 ($ in millions) Q Totals: $4, % (7.5%) 16.8% (4.8%) 43.3%
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 8 Investments by Financing Sequence - Q # of Deals % Change in $ Amount from Q1 ‘03 ($ in millions) Q Totals: $4, % % 49.3% 5.1% (38.8%) 11.6%
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 9 ($ in Billions) First Sequence Financing - Investment Amount First Sequence Investments
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 10 First Sequence Financing - Number of Deals First Sequence Deals
PricewaterhouseCoopers / Thomson Venture Economics / National Venture Capital Association MoneyTree™ Survey 11 First Sequence Financing - Percent of Total U.S. Investments