MoneyTree Venture Capital Profile for Tennessee

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Tennessee Companies

By Year

As of 03/31/2008

Year Companies Deals Investment($M)
1998 21 24107.5
1999 30 40495.3
2000 37 45453.3
2001 27 29212.8
2002 18 21113.8
2003 17 22 82.4
2004 19 24 82.0
2005 15 20 58.6
2006 11 11 41.5
2007 20 21125.6
2008 5 5 23.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Tennessee Companies

By Quarter

Qtr Companies Deals Investment($M)
2006-1 3 3 15.2
2006-2 2 2 12.1
2006-3 2 2 4.5
2006-4 4 4 9.8
2007-1 6 6 15.0
2007-2 5 5 16.8
2007-3 6 6 15.6
2007-4 4 4 78.3
2008-1 5 5 23.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Tennessee Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008

No. Sector Companies Deals Investment($M)
1 Networking and Equipment 1 1 1.7
2 Software 1 1 5.0
3 Consumer Products and Services 1 1 2.2
4 Healthcare Services 1 1 5.0
5 Biotechnology 1 1 10.0
-Total 5 5 23.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Tennessee Companies

By Internet Related Technology

01/01/2008 to 03/31/2008

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 2 2 7.2
2 Online Communications,Infrastructure and Hardware 1 1 1.7
-Total 3 3 8.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Tennessee Companies

By Stage

01/01/2008 to 03/31/2008

No. Stage Companies Deals Investment($M)
1Oth Early Stage1 1 5.0
2Expansion4 4 18.9
-Total 5 5 23.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Tennessee Companies

by Top County

01/01/2008 to 03/31/2008

No. County Companies Deals Investment($M)
1 TN-DAVIDSON 1 1 5.0
2 TN-HAMILTON 1 1 2.2
3 TN-WILLIAMSON 1 1 1.7
4 TN-SHELBY 1 1 5.0
5 TN-KNOX 1 1 10.0

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Tennessee Companies

By Major Metro Area

01/01/2008 to 03/31/2008

No. Area Companies Deals Investment($M)
1Other US 3 3 17.2
2Nashville 2 2 6.7
-Total 5 5 23.9

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Tennessee

By state of Funding Source

01/01/2008 to 03/31/2008

No. Source state Investors Deals
1 Tennessee 3 3
2 Georgia 2 2
3 Kentucky 2 2
4 Texas 2 2
5 D. of Columbia 1 1
-Total 13 14

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Tennessee Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008

No. Target state Companies Deals
1 Tennessee 3 3
2 Georgia 1 1
3 Texas 1 1
4 Mississippi 1 1
5 Arizona 1 1
6 Louisiana 1 1
- Total 8 8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Tennessee

By Year

As of 03/31/2008

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 3176.2 519.3
1999 3158.4 654.5
2000 2 78.6 160.8
2001 1 93.8 349.7
2002 1181.9 694.0
2003 2225.6 675.5
2004 2186.3 650.6
2006 1 36.8 124.5

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Tennessee

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2006-2 1 36.8 124.5
Total 11174.3 3953.5

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Tennessee

Most Active Venture Investors

01/01/2008 to 03/31/2008

No. Firm Companies Deals Investment($M)
1Chrysalis Ventures1 1 0.5
2Delta Capital Management LLC1 1 0.7
3Fulcrum Ventures1 1 0.7
4MB Venture Partners, LLC1 1 2.5
5Southern Appalachian Managemen1 1 2.5
6Noro-Moseley Partners1 1 2.9
7Prudent Capital1 1 3.0
8SSM Partners1 1 2.1
9Sante Ventures1 1 2.5
10Murphree Venture Partners1 1 0.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Tennessee

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