Peter Moreira

Our Infographic

Ours is a Young Startup Sector

IT is Almost 2/3 of the Total

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%.

Older Startups in Growth Mode Even among companies more than 3-years old, the growth is strong: -- Revenues up 27% in Employment up 28% in Payroll up 34% in 2013 This is where employment gains happen!

These Are Good Jobs!

IT Is the Biggest Engine for Jobs

IT Lagged in ‘13 But is Bullish

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

3 Trends In VC Financing

External Funding in 2013 CompanyTotal Raise External Funder ($000) STI Technologies17,000Imperial Karma Gaming5,000Rho, Vanedge CarbonCure3,500BDC, Eagle Cliff, 350 Smart Skin 3,900Rho Neurodyn1,500Mertz Holdings Analyze Re1,250 BDC, Rho BDC Debentures: Eigen, FoodTender, R17, topLog

Irap Is on the Rebound

What Policy Would Help? Equity Tax Credit Reform Tech Education A Masters Program in Tech Sales A truly regional policy framework

Thank You!