Transcript Document

Seattle’s Climate
for Startups
Susannah Malarkey
Executive Director
Technology Alliance
October 2006
The Technology Alliance:
A non-partisan, not-for-profit organization dedicated
to Washington State’s long-term economic success
The Three Drivers
Excellent
EDUCATION
SYSTEMS
Strong
RESEARCH
CAPACITY
Robust
ENTREPRENEURIAL
CLIMATE
What Is Needed?
• Talent –
entrepreneurial,
management & technical
• Ideas –
IP, discoveries,
breakthroughs
• Money –
friends and family,
angels, venture capitalists
Who Are Angels?
• High net worth individuals
• Often successful entrepreneurs
• Invest the riskiest funds/expect highest return
• Treat high risk investments as part of a
comprehensive portfolio
Alliance of Angels
Mission: To provide promising early-stage technology
companies in the region with access to financing from a
premier network of angel investors
• Sponsor-supported not-for-profit group founded in 1997
by Technology Alliance board members
• 50 individual accredited investors
• 20 investment corporations
• Total membership body 100+
Alliance of Angels History
Started in 1997. Through year end 2005:
• Over 1700 companies have submitted to our database
• Over 230 companies have presented at our luncheons
• 92 companies have received $26 million in investment
by AoA members
• Another $30 M indirectly from friends, syndicated firms,
etc.
Alliance of Angels Investment
$8,000,000
20
$7,000,000
$6,000,000
$5,000,000
15
$4,000,000
9
8
12
$3,000,000
$2,000,000
Number of deals
10
8
6
$1,000,000
$0
1998
1999
2000
2001
2002
2003
2004
2005
Startup Company
Escapia
Web-based vacation rental management and
marketing
Startup Company
On Request Images
Custom stock photography and image management
Startup Company
Pacific Bioscience Laboratories
CLARISONICTM skin care brush
Startup Company
Redfin
Online real estate brokerage services
Startup Company
Scaleout Software
Scalable data storage software for server farms
Startup Company
61
Options
1
Back
SNAPin
Self-service customer care software for wireless
devices
Alliance of Angels Metrics
1997 to end of 2005:
Exits:
Still In Business (SIB):
IPO: 3
SIB with follow-on financing: 22
Acquisitions: 11
SIB with no follow-on financing: 12
Out of Business: 19
Visit us online at:
www.technology-alliance.com
www.allianceofangels.com