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What makes the Boston start-up scene special? This presentation provides a comprehensive overview of the Boston innovation ecosystem.
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1--Confidential
What Makes Boston’s Start-Up Scene Special?
Jeff BussgangGeneral Partner
Flybridge Capital Partners
February 2012
2--Confidential
Intellectual Capital – academia, innovation, diverse industries and ideas
Venture Capital
Advisors, Angels, Accelerators
Successful Companies – to partner, poach and/or sell to
Ingredients for a Vibrant Start-Up Ecosystem
3--Confidential
Historical Leadership
4--Confidential
MIT – Factory of Innovation
33,600 companies, 300
each year, employ 3.3
million people, generate
sales of $2 trillion, 282
patents in 2008
5--Confidential
Harvard – The Business-Side Partner
6--Confidential
Other Colleges and Universities
74 colleges and universities in
Boston-area, 265,000 students, 8 research
universities pump $7 billion into economy, spending
$1.5 billion on
R&D yearly, 264 patents, 280 commercial licenses,
and 41 start-up companies.
7--Confidential
Innovation Leadership: #1 Patents
8--Confidential
Innovation Leadership: #1 NIH Funding
Source: NIH (2008); Center for an Urban Future
9--Confidential
Innovation Economy Is Densely Concentrated
10--Confidential
Geographic ClustersBenefits of High Concentration
495 Corridor
128 Corridor
Cambridge/Boston
11--Confidential
Venture Capital: Regional Comparison
California: $11.1B
New York: $1.3B
Boston: $2.4B
Total VC Investment 2010
Source: NVCA 2009 Yearbook
12--Confidential
Venture Capital Per Capita
California: $388/person
New York: $67/person
Boston: $457/person
VC Investment Per Capita 2010
13--Confidential
Life Sciences Leadership
14--Confidential
Boston’s Energy Sector
15--Confidential
High Technology MicroClusters:For Example, Strength in Mobile
• Hundreds of iPhone developers in MA• Over 50 VC-backed mobile start-ups• Five 9-figure exits:
• Where (PayPal)• Quattro (Apple)• Enpocket (Nokia)• M-Qube (Verisign)• Third Screen (AOL)
• Other mobile leaders• Fiksu• JumpTap• RunKeeper• SavingStar • Skyhook• MocoSpaceiPhone developers using location API
16--Confidential
Other MicroClusters
Robotic
s
Cloud
Computin
g
Online Video
Gaming
E-
CommerceMarketin
g Tech
17--Confidential
Proximity to NYC: A Huge Plus
18--Confidential
Recent Boston-area IPOs
19--Confidential
Future IPO Candidates (not incl. Flybridge portfolio!)
20--Confidential
Expansion of Major Tech Companies
22--Confidential
Conclusion: Boston Ranked #1 City of Global Innovation Economy
#1 Boston
www.massitsallhere.com
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