Zynga, founded in early 2007, reports 200M users. Many free online games exist. How and when will Zynga have a yearly profit of $700M, justifying a valuation of $7B and the $1B they now seek? Zynga originally planned a larger IPO, scaling back after Groupon and Pandora sank following their debuts this year. They initially intended to raise $1B at a valuation of $15B.
Accel partner said he had seen “an acceleration of high-quality opportunities” over the last year in Brazil, and no shortage of ambition, as the Latin American start-up ecosystem continues to develop.
The first three quarters of 2011 saw €136 million invested in 81 businesses in Berlin. Most of the companies receiving funds were Internet start-ups. The number of angel investors, many of whom came from the tech scene themselves, is also growing.
Investors put $416 million into 48 internet based companies in NYC in Q2 2011. A total of 98 US companies received venture funding, and New York now surpasses Boston as the leading location of venture deals, second only to Silicon Valley. 347 deals were funded in NY, compared with 271 in Boston, a 30 percent increase from 2009.
Russia moving from fossil fuel to fostering innovation - November 27, 2011
Outside of Moscow, Skolkovo is being built, and is meant to be the Silicon Valley of Russia. A new university, in partnership with MIT, will focus on five fields: energy, information technology, bio-medicine, space and nuclear technology.
CalPERS allocating less to venture capital. Early stage companies will increasingly turn to angels - November 24, 2011
The largest public pension system in the US currently has an approximately 7% exposure to venture capital within its $49 billion alternative investment management program Last week approved a new target allocation of just 1%.
Europe’s next billion dollar tech companies predicted - November 23, 2011
List of companies an Index Ventures partner predicts will have billion dollar valuations and a billion dollars in revenue in the next 3-5 years. Hot markets include Berlin, Moscow and Tel Aviv.
Map of Startup Companies in NYC - November 21, 2011
The NY Times published a graphic map showing the location of NYC based tech companies by sector. Of 438 New York companies which raised money from investors between January, 2010 and October, 2011, 145 were shopping and advertising companies, and 87 were media and entertainment companies. This reflects the influence of New York's traditional business sectors on technology startups. Other sectors represented are consumer internet, software for organizations, health care and finance. Concentrations of tech startups noted in Midtown South, Flatiron, Soho and FiDi.
Fenwick & West Q3 VC Survey - November 17, 2011
Fenwick & West’s just released Q3 2011 VC survey shows an increase in up vs down rounds for the quarter and year. Their research shows internet/digital media/software (including mobile) companies significantly outpacing other industries as best performers from a valuation perspective. A significant risk was highlighted, as VCs continue to raise less than they invest.
PWC/MoneyTree Q3 Investment Report - October 19, 2011
The Q3 2011 PWC/MoneyTree survey shows a decrease in all but expansion stage deals. Geographically, investments in New England decreased, while deals in New York and Texas increased significantly. The software sector, as defined by the report, continues to thrive.
UNH - CVR Q2 Angel Investment Market Trends - October 11, 2011
The University of New Hampshire’s study of the angel investment landscape shows growth on both Q2 2010 and Q1 2011. It highlights the importance of the healthcare, energy, biotech and social media sectors, and the increase in seed/startup stage deals and yield rate. Post seed investment declined but the market is considered stable by all metrics.