MoneyTree Venture Capital Profile for Colorado

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Colorado Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998 99 126752.3
1999 125 1601857.1
2000 166 2224207.0
2001 92 1071248.6
2002 72 89552.2
2003 59 72649.1
2004 63 74439.1
2005 66 81663.0
2006 82 100659.0
2007 75 91593.3
2008 26 26297.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Colorado Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 29 29150.6
2006-2 24 24190.1
2006-3 27 27229.6
2006-4 20 20 88.7
2007-1 13 13103.9
2007-2 27 27158.3
2007-3 27 27205.6
2007-4 24 24125.5
2008-1 26 26297.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Colorado Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Software 9 9 24.9
2 Medical Devices and Equipment 5 5 91.0
3 Biotechnology 3 3137.1
4 Media and Entertainment 3 3 11.6
5 Telecommunications 2 2 12.0
6 Retailing/Distribution 1 1 12.0
7 Healthcare Services 1 1 6.8
8 Semiconductors 1 1 1.5
9 Computers and Peripherals 1 1 1.0
-Total 26 26297.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Colorado Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 7 7 23.0
2 Internet Software,Services and Tools 3 3 10.7
3 Online Communications,Infrastructure and Hardware 1 1 12.0
-Total 11 11 45.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Colorado Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Seed1 1 0.5
2Startup5 5 21.0
3Oth Early Stage2 2 26.0
4Expansion11 11183.1
5Later Stage7 7 67.1
-Total 26 26297.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Colorado Companies

by Top County

01/01/2008 to 03/31/2008

No. County Companies Deals Investment($M)
1 CO-BOULDER 16 16111.8
2 CO-DENVER 4 4 13.1
3 CO-JEFFERSON 4 4158.3
4 CO-EL PASO 1 1 7.4
5 CO-ADAMS 1 1 7.1

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Colorado Companies

By Major Metro Area

01/01/2008 to 03/31/2008

No. Area Companies Deals Investment($M)
1Denver 25 25290.3
2Other US 1 1 7.4
-Total 26 26297.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Colorado

By state of Funding Source

01/01/2008 to 03/31/2008

No. Source state Investors Deals
1 Colorado 11 11
2 California 12 8
3 New York 4 5
4 Massachusetts 4 4
5 Non-US 2 2
6 Maryland 1 2
7 Illinois 2 2
8 New Mexico 1 1
9 Pennsylvania 1 1
10 Texas 1 1
11 Utah 1 1
12 New Jersey 1 1
13 New Hampshire 1 1
14 Missouri 1 1
15 Minnesota 1 1
16 Louisiana 1 1
17 Idaho 1 1
18 Connecticut 1 1
19 Ile de France 1 1
20 British Columbia,(CA) 1 1
-Total 53 65

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Colorado Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target state Companies Deals
1 Colorado 15 15
2 Texas 5 5
3 California 5 5
4 Massachusetts 2 2
5 Oklahoma 1 1
6 Pennsylvania 1 1
7 New York 1 1
8 Virginia 1 1
9 North Carolina 1 1
10 Florida 1 1
11 New Mexico 1 1
- Total 34 34

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Colorado

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 5331.9 1519.7
1999 4643.1 3160.4
2000 101359.6 5755.9
2002 1 30.0 153.4
2003 2154.0 694.2
2004 1325.0 1009.3
2005 1 14.4 46.3
2006 1 45.0 264.3
2007 1 55.1 99.8

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Colorado

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2006-2 1 45.0 264.3
2007-2 1 55.1 99.8
Total 23058.2 13067.3

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Colorado

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1Sequel Venture Partners2 2 2.9
2Lacuna, LLC2 2 2.6
3Appian Ventures2 2 3.3
4Morgan Stanley Private Equity 2 2 11.4
5Grotech Capital Group2 2 5.0
6Apex Venture Partners1 1 0.3
7Aweida Capital Management LLP1 1 1.0
8Benchmark Capital1 1 0.8
9Borealis Ventures1 1 1.0
10Boulder Ventures, Ltd.1 1 0.4

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Colorado

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