1. Peter Moreira

2. Our Infographic

3. Ours is a Young Startup Sector

4. IT is Almost 2/3 of the Total

5. The Growth is Phenomenal
-- Total Revenues -- Up 30%.
-- The 162 Respondents Employed 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%.

6. 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!

7. These Are Good Jobs!

8. IT Is the Biggest Engine for Jobs

9. IT Lagged in ‘13 But is Bullish

10. 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.

11. 3 Trends In VC Financing

12. 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

13. Irap Is on the Rebound

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

15. Thank You!