MoneyTree Venture Capital Profile for Upstate NY Region

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Upstate NY Region Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998 25 30192.8
1999 27 31213.8
2000 28 35312.7
2001 22 29159.1
2002 21 24104.5
2003 20 22128.2
2004 25 28105.2
2005 21 27 54.1
2006 32 37155.9
2007 27 34142.5
2008 7 7 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Upstate NY Region Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 9 9 58.0
2006-2 10 10 23.6
2006-3 9 9 35.3
2006-4 9 9 39.0
2007-1 3 3 11.5
2007-2 6 6 25.1
2007-3 11 11 26.2
2007-4 14 14 79.8
2008-1 7 7 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Upstate NY Region Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Software 3 3 2.0
2 Consumer Products and Services 1 1 1.2
3 Industrial/Energy 1 1 0.9
4 Electronics/Instrumentation 1 1 0.8
5 Medical Devices and Equipment 1 1 20.0
-Total 7 7 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Upstate NY Region Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Online Communications,Infrastructure and Hardware 1 1 1.2
2 Ecommerce Goods, Services and Content 1 1 1.0
-Total 2 2 2.2

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Upstate NY Region Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Startup3 3 1.8
2Expansion4 4 23.1
-Total 7 7 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Upstate NY Region Companies

by Top County

01/01/2008 to 03/31/2008

No. County Companies Deals Investment($M)
1 NY-ERIE 4 4 22.6
2 NY-TOMPKINS 1 1 0.8
3 NY-SARATOGA 1 1 0.5
4 NY-BROOME 1 1 1.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Upstate NY Region Companies

By Major Metro Area

01/01/2008 to 03/31/2008

No. Area Companies Deals Investment($M)
1Other US 7 7 24.9
-Total 7 7 24.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Upstate NY Region Companies

By Region of Funding Source

01/01/2008 to 03/31/2008

No. Source moneytree_region Investors Deals
1 Upstate NY 5 6
2 South Central 3 3
3 Silicon Valley 1 1
-Total 12 16

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Upstate NY Region Venture Funds

By Region of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target moneytree_region Companies Deals
1 Upstate NY 7 7
2 Silicon Valley 1 1
3 Colorado 1 1
4 New England 1 1
5 NY Metro 1 1
- Total 11 11

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Upstate NY Region

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 1119.0 565.4
1999 2116.2 552.4

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Upstate NY Region

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
Total 0235.2 1117.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Upstate NY Region

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1High Peaks Venture Partners, L3 3 3.0
2Rand Capital Corporation3 3 0.6
3Advantage Capital Partners2 2 0.4
4Enhanced Capital Partners, LLC1 1 0.3
5First Albany Corporation1 1 0.2
6Stonehenge Capital Company1 1 0.3
7Onondaga Venture Capital Fund,1 1 0.1
8Seabury Venture Partners1 1 0.3
9Cayuga Venture Fund 1 1 0.1

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Upstate NY Region

Top IPOs

01/01/2008 to 03/31/2008

No. Company IPO DATE Money Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
-All Companies- 0.0 0.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Profile Created:04/16/2008