DOCSLIB.ORG

Wisconsin Portfolio

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Wisconsin Portfolio 20187 WISCONSIN PORTFOLIO 10 YEARS OF TRACKING WISCONSIN INVESTMENT DATA TECH COUNCIL INVESTOR NETWORKS MA>PBL<HGLBG THE WISCONSIN PORTFOLIO PUTTING RISK CAPITAL TO WORK SUMMER 2009 PORTFOLIO PUTTING RISK CAPITAL TO WORK e WisconsinPutting risk Portfolio capital to work FALL 2008 SUMMER 2010 PRODUCED BY PRODUCED BY Wisconsin PRODUCED BY Technology Council WISCONSIN INVESTMENTS T H E 2 014 W I S C O N S I N ON THE RISE PORTFOLIO PUTTING RISK CAPITAL TO WORK WISCONSIN FUELING WISCONSIN PORTFOLIO 2012 THROUGH INVESTMENT Assets Viewpoints Case Studies Success Stories PRODUCED BY Wisconsin Wisconsin Technology Angel Council Network PUTTING RISK CAPITAL TO WORK PUTTING RISK CAPITAL TO WORK Srini Kalluri, Forte Jim Tretheway, BioIonix Research Systems Amelia Baxter, WholeTrees Kurt Brenkus, Aver Informatics The New New Funds / Data Analysis Crowdfunding: WISCONSIN PORTFOLIO 2013 Venture Investor by Sector & Kick-starting WISCONSIN ANGEL Economy 1SPmMFT Survey the Process NETWORK Assets Success Stories Viewpoints 1SPmMFT 2 0 1 5 2017 WISCONSIN PORTFOLIO WISCONSIN PORTFOLIO WISCONSIN PORTFOLIO P UTTING R I SK C APITAL TO WORK A PUBLICATION OF THE WISCONSIN TECHNOLOGY COUNCIL A PUBLICATION OF THE WISCONSIN TECHNOLOGY COUNCIL Wisconsin Technology Wisconsin Council Technology Council TECH COUNCIL INVESTOR NETWORKS + + 10.9% PEOPLE IDEAS MONEY 1.6% TARGETING 10.9% EARLY STAGE 10.9% SUCCESS = NEW COMPAN IES 27.3% 3.1% IT JOE SCANLIN KERRY FRANK BRIAN JENSEN LIZ EVERSOLL SCANALYTICS COMPLY365 FISHIDY SOLOMO TECHNOLOGY HEALTHCARE TARGETING BIOTECH EARLY STAGE MAKING THE CASE AGRICULTURE SUCCESS 35.2% OTHER Produced by: MAKING THE CASE FOR A CORPORATE CONSUMER/ FOR A CORPORATE BUSINESS PRODUCTS “FUND OF FUNDS” Wisconsin ADV MATERIALS & Technology MANUFACTURING “FUND OF FUNDS” Council University Research Park is Where a neighborhood of ideas, entrepreneurship, and Wisconsin opportunity, positively IDEAS impacting Wisconsin Flourish and beyond. Contact us today to learn how URP can help start up Talented, innovative community actively YOUR engaged in Wisconsin’s Wisconsin entrepreneurial movement. IDEA! urpat1403.com universityresearchpark.org • [email protected] (608) 441-8000 A network of highly qualified mentors, working to guide emerging entrepreneurs to business success. Professional work environment that fosters merlinmentors.org a vibrant community of innovative thinkers. madworkscoworking.org 20187 WISCONSIN PORTFOLIO 10 YEARS OF TRACKING WISCONSIN INVESTMENT DATA TECH COUNCIL INVESTOR NETWORKS 2018 WISCONSIN MA>PBL<HGLBG THE WISCONSIN PORTFOLIO PORTFOLIO PUTTING RISK CAPITAL TO WORK SUMMER 2009 PORTFOLIO PUTTING RISK CAPITAL TO WORK e WisconsinPutting risk Portfolio capital to work FALL 2008 INTRODUCTION page 2 THANKS EXECUTIVE SUMMARY Thanks to the sponsors and supporters of SUMMER 2010 page 4 the Wisconsin Portfolio: THE VENTURE ECONOMY PRODUCED BY page 6 PRODUCED BY INSIDE FRONT COVER Wisconsin PRODUCED BY Technology Council LEGISLATIVE UPDATE University Research Park page 8 3 AT&T TECH COUNCIL INVESTOR NETWORKS 11 Baird capital page 12 WISCONSIN INVESTMENTS 21 ATC T H E 2 014 W I S C O N S I N PORTFOLIO ACT 255 22 BDO ON THE RISE page 13 SWIB PUTTING RISK CAPITAL TO WORK 23 FUELING FULL YEAR 2017 DEALS WISCONSIN American Family Insurance page 14 WISCONSIN PORTFOLIO25 2012 Husch Blackwell THROUGH INVESTMENT FULL YEAR 2017 ANALYSIS 26 Capital Midwest Fund page 16 Assets Viewpoints Case Studies Success Stories Wisconsin Economic PRODUCED BY Wisconsin Wisconsin Technology Angel INVESTOR SPOTLIGHT Council Network Development Corp. (WEDC) page 20 27 Exact Sciences PUTTING RISK CAPITAL TO WORK PUTTING RISK CAPITAL TO WORK Srini Kalluri, Forte Jim Tretheway, BioIonix Research Systems Amelia Baxter, WholeTrees Kurt Brenkus, Aver Informatics 28 WIPFLI BADGER FUND OF FUNDS The New New Funds / Data Analysis Crowdfunding: WISCONSIN PORTFOLIO 2013 Venture Investor by Sector & Kick-starting WISCONSIN ANGEL page 24 Economy 1SPmMFT Survey the Process NETWORK 29 Venture InvestorsAssets Success Stories Viewpoints 1SPmMFT 2018 DEAL PREVIEW UW-Milwaukee Research Foundation River Valley Bank page 28 2 0 1 5 2017 WISCONSIN PORTFOLIO WISCONSIN PORTFOLIO WISCONSIN PORTFOLIO P UTTING R I SK C APITAL TO WORK A PUBLICATION OF THE WISCONSIN TECHNOLOGY COUNCIL INVESTOR RESOURCES A PUBLICATION OF THE WISCONSIN TECHNOLOGY COUNCIL Wisconsin Technology Wisconsin Council Back Cover Technology Council TECH COUNCIL INVESTOR NETWORKS + + 10.9% PEOPLE IDEAS MONEY 1.6% TARGETING 10.9% EARLY STAGE 10.9% Welcome to the 2018 Wisconsin Portfolio, an annual publication of the SUCCESS = NEW COMPAN IES 27.3% 3.1% Wisconsin Technology Council through its Tech Council Investor Networks and its partner, the Wisconsin Economic Development Corporation. IT JOE SCANLIN KERRY FRANK BRIAN JENSEN LIZ EVERSOLL SCANALYTICS COMPLY365 FISHIDY SOLOMO TECHNOLOGY HEALTHCARE TARGETING BIOTECH EARLY STAGE TECHMAK COUNCIL ING THE CASE AGRICULTURE SUCCESS 35.2% Wisconsin INVESTOR OTHER Produced by: MAKING THE CASE FOR A CORPORATE CONSUMER/ FOR A CORPORATE Technology NETWORKS BUSINESS PRODUCTS “FUND OF FUNDS” Wisconsin ADV MATERIALS & Council Technology MANUFACTURING “FUND OF FUNDS” Council 2018 WISCONSIN PORTFOLIO INTRODUCTION Dear Readers – The Wisconsin Tech Council and the Tech Council Entrepreneurs and their companies will ultimately be Investor Networks are proud to present the 2018 driving Wisconsin’s future success, and the capital Wisconsin Portfolio, Wisconsin’s premier investing our investors provide continue to be a driving factor. report containing the most complete compilation and With the momentum on our side, we look forward to analysis of entrepreneurial and investment activity in fulfilling our organization’s important mission: Fuel Wisconsin. This year’s publication marks the 10th the growth of investment capital in Wisconsin. anniversary of the Portfolio and the Tech Council’s tracking of Wisconsin investment data. We thank you for your support and hope you This year, 20 of the state’s leading early stage enjoy the read! investment groups participated in the study. There were 127 venture-backed companies in Wisconsin, up 71 percent from five years ago, but slightly down from last year, when there were 138 Wisconsin- based companies that raised funding. While it is gratifying to record growth over five years, there continues to be a need for additional capital and new funding. Since our 2017 Portfolio was All the best, published last spring, there has been a bit of both, with existing VCs raising additional funds and several new funds being announced. We are excited to announce this edition of the Bram Daelemans Portfolio expands and examines the data in more Director, Tech Council Investor Networks detail than last year, which allows us to analyze the A program of the Wisconsin Technology Council state of the ecosystem even better and paint you a better picture. TECH COUNCIL INVESTOR This publication also features: NETWORKS • A profile on Tom Shannon, the 2017 inductee into the Wisconsin Investor Hall of Fame • Policy highlights and updates • A primer on early stage investing in Wisconsin • A resource guide 2 Networking matters. <br > Making connections is critical to success. In Wisconsin and across the nation, AT&T links businesses with their customers and the world through our wireless network with access to the nation's largest Wi-fi network. It's just another way we help communities stay connected.<br > AT&T is proud to support the Wisconsin Technology Council. <br > © 2018 AT&T Intellectual Property. AT&T, Globe logo, Mobilizing Your World and DIRECTV are registered trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners.<br > 2018 WISCONSIN PORTFOLIO EXECUTIVE SUMMARY At least 127 Wisconsin early stage companies raised investment capital in 2017, a 71 percent increase from five years ago but an 8 percent decrease from last year. More than $231 million was raised by those 127 companies, which is less than the $276 million raised in 2016. Despite the decrease, the $231 million raised last year is the second highest total raise recorded in Wisconsin. ANNUAL TRENDS 138 128 127 112 86 74 $163,447,237 $128,327,172 $218,798,886 $209,479,099 $276,191,739 $231,040,882 2012 2013 2014* 2015 2016 2017 Total Investment Number of deals * An adjustment was made to the 2014 numbers to more accurately reflect investments that year. 4 A PUBLICATION OF THE WISCONSIN TECHNOLOGY COUNCIL Using public reports, filings and surveys, the down from 53 companies in 2016 and 46 Wisconsin Technology Council and its Tech companies in 2016. Furthermore, median Council Investor Networks tracked a total of round size in 2017 has dropped to $360,000 $231,040,882 that was invested in the 127 down from around $514,000 in 2016 and companies (see pages 14-19 for detailed $600,000 in 2015. Finally, there was also a reporting and analysis). The largest deals shift in the distribution of funding rounds with reported were SHINE Medical a smaller share of companies (11 percent) Technologies ($24.7 million), UAS raising between $1 million and $10 million Laboratories ($21.2 million), Promentis but a larger share of companies (11.6 Pharmaceuticals ($17.6 million), Fetch percent) raising between $100,000 and $1 Rewards Redox ($10.4 million) and ($10 million. “The number million). This may just be a temporary case of of early-stage In line with the national trend, there was a investor fatigue. The increased activity these decrease in number of deals and total past five years may be catching up to companies dollars raised. After 2016 – a year in which investors. A lot of companies have secured reporting the Wisconsin ecosystem set records for a lot of capital. While many of them may be activity – this indicates a return to normalcy successful and growing, not many of them investments and part of the natural ebb and flow. As have had the successful exits Wisconsin such, it does not affect the otherwise needs to get new and existing investors has shown positive trendline of the past seven years.
Load more

Recommended publications
  • Wisconsin Portfolio
    20182017 WISCONSIN PORTFOLIO 10 YEARS OF TRACKING WISCONSIN INVESTMENT DATA TECH COUNCIL INVESTOR NETWORKS MA>PBL<HGLBG THE WISCONSIN PORTFOLIO PUTTING RISK CAPITAL TO WORK PORTFOLIO SUMMER 2009 PUTTING RISK CAPITAL TO WORK e Wisconsin Portfolio Putting risk capital to work FALL 2008 SUMMER 2010 PRODUCED BY PRODUCED BY Wisconsin PRODUCED BY Technology Council WISCONSIN INVESTMENTS ON THE RISE T H EPORTFOLIO 2 014 W I S C O N S I N PUTTING RISK CAPITAL TO WORK WISCONSIN FUELING PORTFOLIO WISCONSIN 2012 THROUGH INVESTMENT Assets Viewpoints Case Studies Success Stories PRODUCED BY Wisconsin Wisconsin Technology Angel Council Network PUTTING RISK CAPITAL TO WORK PUTTING RISK CAPITAL TO WORK Srini Kalluri, Forte Jim Tretheway, BioIonix Research Systems Amelia Baxter, WholeTrees Kurt Brenkus, Aver Informatics WISCONSIN PORTFOLIO 2013 The New New Funds / Data Analysis Crowdfunding: Venture Investor by Sector & Kick-starting WISCONSIN ANGEL Economy 1SPmMFT Survey the Process NETWORK Assets Success Stories Viewpoints 1SPmMFT 2 0 1 5 2017 WISCONSIN PORTFOLIO WISCONSIN PORTFOLIO WISCONSIN PORTFOLIO P UTTING RI SK C APITAL TO WORK A PUBLICATION OF THE WISCONSIN TECHNOLOGY COUNCIL A PUBLICATION OF THE WISCONSIN TECHNOLOGY COUNCIL Wisconsin Technology Wisconsin Council Technology Council TECH COUNCIL INVESTOR NETWORKS + + 10.9% PEOPLE IDEAS MONEY 1.6% TARGETING 10.9% EARLY STAGE 10.9% SUCCESS = NEW COMPAN IES 27.3% 3.1% IT JOE SCANLIN KERRY FRANK BRIAN JENSEN LIZ EVERSOLL SCANALYTICS COMPLY365 FISHIDY SOLOMO TECHNOLOGY HEALTHCARE TARGETING MAKING THE CASE BIOTECH EARLY STAGE SUCCESS AGRICULTURE 35.2% FOR A CORPORATE OTHER Produced by: MAKING THE CASE CONSUMER/ FOR A CORPORATE BUSINESS PRODUCTS “FUND OF FUNDS” ADV MATERIALS & “FUND OF FUNDS” MANUFACTURING University Research Park is Where a neighborhood of ideas, Wisconsin entrepreneurship, and opportunity, positively IDEAS impacting Wisconsin Flourish and beyond.
    [Show full text]
  • 2020 Wisconsin Portfolio
    2020-WI-Portfolio-Cover-PRESS.pdf 1 6/28/20 5:05 PM 2020 WISCONSIN PORTFOLIO 12 YEARS OF TRACKING WISCONSIN INVESTMENT DATA C M WISCONSIN INVESTMENTS Y CM MY CY CMY ON THE RISE K TARGETING EARLY STAGE SUCCESS Covering 2019 Calendar Year Brought to you by: Wisconsin Technology Council WHERE ADVANCED SCIENCE MEETS LIFE-CHANGING IMPACT 2020 WISCONSIN PORTFOLIO INTRODUCTION page 2 EXECUTIVE SUMMARY page 4 THE VENTURE ECONOMY page 6 LEGISLATIVE UPDATE THANKS page 8 Thanks to the sponsors and supporters TECH COUNCIL INVESTOR NETWORKS of the Wisconsin Portfolio: page 12 ACT 255 IFC Exact Sciences page 13 3 AT&T FULL YEAR 2019 DEALS page 14 7 DFI FULL YEAR 2019 ANALYSIS page 16 11 Baird Capital INVESTOR SPOTLIGHT 21 UW-Milwaukee Research Foundation page 20 22 The Burish Group 2020 INVESTMENT OUTLOOK at UBS Financial Services page 28 23 American Family Insurance INVESTOR RESOURCES Inside back cover 24 ATC Venture Investors SWIB 25 BDO 26 Wisconsin Economic Development Corp. (WEDC) Madison Development Corp. Welcome to the 2020 Wisconsin Portfolio, an annual publication of the WIPFLi Wisconsin Technology Council through its Tech Council Investor Networks and its partner, the Wisconsin Economic Development Corporation. 27 Pendleton Legal Michael Best TECH COUNCIL Marshfield Clinic Health System Wisconsin INVESTOR Technology NETWORKS Council BC University Research Park 2020 WISCONSIN PORTFOLIO INTRODUCTION Dear Readers – The Wisconsin Tech Council and the Tech Council With the momentum on the side of the state and the Investor Networks are proud to present the 2020 Midwest, we look forward to fulfilling our Wisconsin Portfolio, Wisconsin’s premier investing organization’s important mission: Fuel the growth of report containing the most complete compilation and investment capital in Wisconsin.
    [Show full text]
  • Sianature Redacted Signature Redacted
    MASSACHUSETTSq INSTITtTF A Taxonomy of Online Syndicates OF TECHNOLOLGY By JUN 2 4 2015 Sascha Jan Eder LIBRARIES B.S. Business Administration University of Mannheim, 2012 SUBMITTED TO THE MIT SLOAN SCHOOL OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MANAGEMENT STUDIES AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY JUNE 2015 2015 SASCHA JAN EDER. All rights reserved. The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known of hereafter created. Signature redacted Signature of Author MIT SLOAN SCHOOL OF MANAGEMENT May 8, 2015 Sianature redacted Certified by: Christian Catalini Fred Kayne (1960) Career Development Professor of Entrepreneurship Assistant Professor of Technological Innovation, Entrepreneurship, a Strategic Management Thesis Supervisor Accepted by: Signature redacted-- LI Michael A. Cusumano SMR Distinguished Professor of Management Program Director, M.S. in Management Studies Program MIT Sloan School of Management 11 A Taxonomy of Online Syndicates By Sascha Jan Eder Submitted to MIT Sloan School of Management on May 8, 2015 in Partial Fulfillment of the requirements of the Degree of Master of Science in Management Studies. Abstract New businesses financing has evolved over the years from closed-end funds to limited partnership financing, angel investing and the most current form of online syndication. While VC financing has been covered thoroughly from financing and behavioral per- spectives in research, very little is known about online syndicates which have ap- peared in recent years with the creation of AngelList.
    [Show full text]
  • Vcs Aim to Out-Angel the Angels
    NEWS ANALYSIS April 2, 2007, 12:00AM EST VCs Aim to Out-Angel the Angels Responding to the emergence of a new breed of wealthy investor, venture capitalists are boosting their early-stage investments in startups by Aaron Ricadela In October, as startup Jaxtr hit up venture capital firms for its first round of funding, it landed an unusual arrangement. Instead of taking a few million in cash from a firm that would hope to one day book a fat return, Jaxtr took a loan—just $1.5 million, from no less than four VC firms and three angel investors. None got the usual perk of a seat on Jaxtr's board. The result is plenty of independence for Jaxtr, a maker of software that routes calls from blogs and MySpace profiles to cell phones. "You're still basically on your own," says Jaxtr Chief Executive Konstantin Guericke, one of the co-founders of networking site LinkedIn. Jaxtr's tale illustrates the new calculus governing high-tech venture capital. For years, angel investors and traditional venture firms existed in a sort of symbiosis. Wealthy tech-industry veterans willing to open their checkbooks for $100,000 or so—the angels, as they're known—could bootstrap promising young companies before serious money, to the tune of six or more figures, from venture firms arrived. Angling for a slice of Jaxtr, however, were both groups: Mayfield Fund, Draper Fisher Jurvetson, Draper Richards, and the Founders Fund on one hand; angel investors Ron Conway, Reid Hoffman, and Rajeev Motwani on the other. "The company was a bit in the driver's seat," one investor says.
    [Show full text]
  • Interview with Roger Ehrenberg from Information Arbitrage
    Interview with Roger Ehrenberg from Information Arbitrage Adrian Bye: Today, I’m here with Roger Ehrenberg who is from Information Arbitrage. He is a Wall Street guy that’s turning into or is now an investor in the tech scene in New York. I’ve been reading Roger’s blog for quite awhile and he had some pretty interesting thoughts. Roger, thanks for joining us. Roger Ehrenberg: Yes, thank you, Adrian. I’m happy to be here. Adrian Bye: Maybe you can just tell us a little bit about you, who you are and what you want to be when you grow up? Roger Ehrenberg: I’m still trying to figure that part out. In terms of where I’ve been. I was in Wall Street for, gee, over 17 years starting in ’87 right around the crash and I was an M&A. For four years, I did M&A focusing on the financial services sector and then got into capital structuring which was kind of designing these structured capital, raising instruments for large corporations. Adrian Bye: Did you meet Mike Milken? Roger Ehrenberg: I did not. I did not. His heyday was slightly before I came onto the scene and of course he was based out in LA. I ended up going to work for Citi, in the old city, the real city… in New York City. So unfortunately, no, I’ve never met Mike but he certainly dominated the discussion at the time that I got into the business. Then I went to business school for a couple of years while working for Citi and then I went into derivatives which is not at all what I expected I would do.
    [Show full text]
  • Start-Up Space Report 2020
    Start-Up Space Update on Investment in Commercial Space Ventures 2020 i Bryce Space and Technology brycetech.com CONTENTS EXECUTIVE SUMMARY ........................................... III INTRODUCTION. 1 Purpose and Background . 1 Methodology ...................................................1 OVERVIEW OF START-UP SPACE VENTURES. 3 TYPES OF SPACE INVESTOR ......................................4 SPACE INVESTMENT BY THE NUMBERS ...........................11 Seed Funding . 15 Venture Capital . 16 Private Equity . 17 Acquisition ...................................................18 Public Offering ................................................19 Debt Financing . 19 Investment Across All Types .....................................19 Valuation ....................................................21 Casualties ...................................................22 SPACE INVESTORS BY THE NUMBERS ............................23 Overall ......................................................23 Angels ......................................................27 Venture Capital Firms . 28 Private Equity Groups ..........................................31 Corporations . 32 Banks and Other Financial Institutions .............................33 SPECIAL TOPIC: CHINESE ACTIVITY IN START-UP SPACE VENTURES. 35 START-UP SPACE: WHAT’S NEXT?. 38 ACKNOWLEDGEMENTS. 41 ii brycetech.com Bryce Space and Technology EXECUTIVE SUMMARY Three significant trends are shaping the start-up space environment as we enter the 2020s. First, investors continue to pour large amounts
    [Show full text]
  • Angel Investing: Catalyst for Innovation
    Angel Investing: Catalyst for Innovation Richard Sudek, Allan May, and Robert Wiltbank October, 2011 The list of great companies that angel investors financed and helped build is enormous; brilliant innovations, great companies, jobs galore. Bell, Ford Motors, Apple, and Google: they all had funding from angels. Without the initial angel investment of Mike Markkula in Apple Computer, for example, Apple might have never launched in a meaningful way. His investment, alongside true entrepreneurial dedication, passion, and insight, helped launch a new industry. From group angel investors to ‘super angels’ to investors that straddle the formal VC and angel investing worlds, the relationship between angels and entrepreneurs is vital. Over the past 15 years these angel investors have become significantly more professional, organized, and easier to “see” by the media following new ventures. Our focus here is to clarify the different types and activities of angel investors, with a detailed focus on a group of extremely active angel investors commonly referred to as “Super Angels.” Over the last 18 months we’ve interviewed very active angel investors on the west and east coast to explore their views on venture investing. The individuals have invested between $5 million and $100 million of their own money directly into between eight and 90 new ventures each (an average of about 30 angel investments per investor). They backed companies like Google, Twitter, A123, Amgen, AutoCAD, Intel, Apple, National Semiconductor, Guidant, and Teledyne when they were barely companies. We asked a series of questions to better understand: • How vital is their social network to their success? • Are there any unique patterns in how they select and develop the ventures they back? • What have they learned about entrepreneurship as a result of their venture investments? Angel Topography We consider angel investors to be people who invest their own capital directly into new ventures.
    [Show full text]
  • Innovative Fundraising Options & Opportunities Innovative Fundraising Options & Opportunities
    Special Discounts for Financial Research Associates Proudly Presents ACA members and FinancialResearch Entrepreneurs! Associates, LLC InnovativeInnovative FundraisingFundraising OptionsOptions && OpportunitiesOpportunities How entrepreneurs can work with angel investors, business incubators, venture capital and other sources of funding to move their business dreams to reality January 26-27th, 2011 Silicon Valley Capital Club, San Jose, California Key Topics at a glance Include: • Leading investors talk about the future of funding in a fascinating keynote panel • A moderated discussion of angel investors – their goals, strategies and ability to bridge the gap after “friends and family” • Structured Angels: what the savvy entrepreneur should know about these organized investing groups • Venture Capital Showcase: strategy and forecasting from top firms • How entrepreneurs are using incubators and business accelerator models to advance business development • Emerging and innovative funding strategies of smaller VC firms • Benefits of secondary markets and other liquidity options • Service provider showcase: necessary cogs of the entrepreneur funding wheel Our Renowned Speaking Faculty Savinay Berry, Vice President, gRANITE VENTuRES Alexander Lloyd, Founder and Managing Partner, ACCELERATOR VENTuRES Chuck Boggs, President, PALADIN VENTuRE DEVELOPMENT Allan May, Chairman and Founder, LIFE SCIENCE ANgELS Greg Brogger, CEO, SHARESPOST John May, Managing Partner, NEW VANTAgE gROuP Tom Cervantez, Co-Chair, HARVARD ANgELS Steven B. Mercil, CEO,
    [Show full text]
  • Can Equity Crowdfunding Crowd-Out Other Alternative Sources of Finance?
    HEC PARIS - Master Thesis Can Equity Crowdfunding Crowd-Out Other Alternative Sources of Finance? Supervised by Mr. Patrick Legland David Timothy Schneider Matriculation Nr: 54060 MSc International Finance Email: [email protected] Tel: +44 7393 179 350 Tuesday, 13 September 2016 The author would like to thank his Master Thesis supervisor, Mr. Patrick Legland, for both his availability and feedback during the writing of this paper. The author would also like to thank Ms. Angela Mashey and Ms. Ivy Wong for their help in connecting the author to entrepreneurs, investors and people with industry knowledge in the San Francisco Bay Area. Abstract Following the financial crisis of 2007, many smaller firms had no access to capital. The Obama administration tried to change that with the passage of the JOBS Act in 2012, which would allow firms to seek financing from anonymous individuals online and offer debt or equity as securities. In the vacuum left behind by the retreat of bank lending stepped a host of alternative lenders, crowdfunding in its many forms being one of them. As the industry grows and matures it is starting to compete with other alternative lenders1. It is the aim of this paper to compare equity crowdfunding to the other equity investors, those traditionally being angel investors, micro-VCs and larger VC-firms. Initially the various types of crowdfunding will be defined and how they came about, subsequently this paper will examine the various forms of private equity. Finally, the types will be compared on the global volume available to investors, the cost of financing, the median investment size made by each investor type, the role of the intermediary, the degree to which shareholders involve themselves in the company’s business affairs and the legal structure of the types.
    [Show full text]
  • H Loreporttm
    Angel Resource Institute 2020 TM Report HAnnual ReportL onO Angel Investments AGGREGATED NATIONAL & REGIONAL DATA The HALO Report TM is a collaborative effort of the Angel Resource Institute TM and Pitchbook TM intended to raise awareness of early stage investment activities highlighting trends that may inform our decisions and impact opportunities for angels and entrepreneurs. HALO ReportTM Partners HALO REPORT TM CONTENTS The 2020 HALO Report: A Retrospective Look at a Pivotal Year .....................3 2020 HALO Report Highlights & Trends ....................4 Geographic Analysis of Investor Regions ...................5 Non-US funding to US companies ................................9 The Top 10 Angel Groups ...............................................9 Deal Structure and Investment Stage Statistics ... 10 Overall Financial Statistics (2020 Seed & Series A) ............................................... 11 Report Contacts Three Years’ Data: Gwen C. Edwards Seed / Series A Investment Metrics ........................ 12 Angel Resource Institute, Board of Trustees Industry Analysis .............................................................. 13 Industry Segments & Valuation .................................. 14 ARI Data Team [email protected] Industry Statistics ............................................................ 15 Gender & Ethnicity .......................................................... 16 Gender & Ethnicity - Regional Comparisons .......... 17 Capital Raising Attributes - Seed Deals Only ......... 18 CEO
    [Show full text]
  • The European Business Angels Market an Approximation
    THE EUROPEAN BUSINESS ANGELS MARKET AN APPROXIMATION Editor ______________________________________________ TABLE OF CONTENT OVERVIEW.............................................................................................................. 2 AUSTRIA ................................................................................................................ 6 BELGIUM ................................................................................................................ 8 FRANCE ................................................................................................................ 17 GERMANY ............................................................................................................. 25 ITALY ................................................................................................................... 32 NETHERLANDS ...................................................................................................... 37 PORTUGAL ............................................................................................................ 42 SCOTLAND ........................................................................................................... 46 UNITED KINGDOM ................................................................................................. 48 ABOUT BAE ........................................................................................................... 57 MEMBERSHIP DIRECTORY......................................................................................
    [Show full text]
  • Wisconsin Portfolio
    2021-WI-Portfolio-Cover-v3-FINAL-PRESS.pdf 1 6/27/21 8:11 PM 202 1 WISCONSIN PORTFOLIO 13 YEARS OF TRACKING WISCONSIN INVESTMENT DATA C M Y CM MY CY WISCONSIN INVESTMENTS CMY K PROGRESS ...and unmet promise TARGETING EARLY STAGE SUCCESS Covering 2020 Calendar Year Brought to you by: Wisconsin Technology Council WHERE ADVANCED SCIENCE MEETS LIFE-CHANGING IMPACT 2021 WISCONSIN PORTFOLIO INTRODUCTION page 2 EXECUTIVE SUMMARY page 4 THE VENTURE ECONOMY page 6 ACT 255 THANKS page 7 Thanks to the sponsors and supporters LEGISLATIVE UPDATE of the Wisconsin Portfolio: page 8 TECH COUNCIL INVESTOR NETWORKS IFC Exact Sciences page 12 3 AT&T FULL YEAR 2020 DEALS page 14 11 Baird Capital FULL YEAR 2020 ANALYSIS page 16 13 Husch Blackwell INVESTOR SPOTLIGHT 21 UW-Milwaukee Research Foundation page 20 22 The Burish Group WI FUND COALITION at UBS Financial Services page 28 23 American Family Insurance INVESTOR RESOURCES Page 29 24 ATC Venture Investors SWIB 25 BDO 26 Wisconsin Economic Development Corp. (WEDC) Madison Development Corp. Welcome to the 2021 Wisconsin Portfolio, an annual publication of the WIPFLi Wisconsin Technology Council through its Tech Council Investor Networks and its partner, the Wisconsin Economic Development Corporation. 27 Pendleton Legal Michael Best TECH COUNCIL Marshfield Clinic Health System Wisconsin INVESTOR Technology NETWORKS Council BC University Research Park 2021 WISCONSIN PORTFOLIO INTRODUCTION Dear Readers – The Wisconsin Technology Council and the Tech Entrepreneurs and their companies will drive Council Investor Networks are proud to present the Wisconsin’s future success, especially as the 2021 Wisconsin Portfolio, Wisconsin’s premier economy emerges from the COVID-19 pandemic, investing report containing the most complete and the capital our investors provide continue to be a compilation and analysis of entrepreneurial and driving factor.
    [Show full text]