MoneyTree Venture Capital Profile for Washington

PricewaterhouseCoopers/Venture Economics/NVCA

Venture Capital Investment in Washington Companies

By Year

As of 03/31/2008
Year Companies Deals Investment($M)
1998 89 111737.2
1999 157 2081957.8
2000 207 2552811.3
2001 118 1421154.5
2002 87 109580.5
2003 69 82456.5
2004 97 115839.0
2005 106 123795.5
2006 124 1411033.3
2007 137 1721318.9
2008 41 41314.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Washington Companies

By Quarter
Qtr Companies Deals Investment($M)
2006-1 31 31267.9
2006-2 48 48332.1
2006-3 24 24156.4
2006-4 38 38276.9
2007-1 38 39383.0
2007-2 45 45271.2
2007-3 40 40293.2
2007-4 48 48371.5
2008-1 41 41314.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Washington Companies

By Industry/Technology Sector

01/01/2008 to 03/31/2008
No. Sector Companies Deals Investment($M)
1 Software 11 11 40.4
2 Biotechnology 6 6 45.8
3 Industrial/Energy 5 5 78.3
4 Telecommunications 4 4 37.7
5 Medical Devices and Equipment 4 4 51.5
6 Media and Entertainment 3 3 5.6
7 Business Products and Services 2 2 1.2
8 IT Services 2 2 9.5
9 Networking and Equipment 1 1 3.9
10 Healthcare Services 1 1 5.0
11 Financial Services 1 1 22.0
12 Semiconductors 1 1 14.0
-Total 41 41314.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Washington Companies

By Internet Related Technology

01/01/2008 to 03/31/2008
No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 8 8 44.0
2 Internet Software,Services and Tools 7 7 31.4
3 Online Communications,Infrastructure and Hardware 3 3 32.2
-Total 18 18107.6

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Washington Companies

By Stage

01/01/2008 to 03/31/2008
No. Stage Companies Deals Investment($M)
1Seed1 1 0.9
2Startup7 7 26.1
3Oth Early Stage6 6 28.3
4Expansion6 6 52.2
5Later Stage21 21207.3
-Total 41 41314.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Washington Companies

by Top County

01/01/2008 to 03/31/2008
No. County Companies Deals Investment($M)
1 WA-KING 34 34200.7
2 WA-SPOKANE 2 2 18.0
3 WA-PIERCE 1 1 20.0
4 WA-SNOHOMISH 1 1 22.0
5 WA-CLARK 1 1 3.9
6 WA-BENTON 1 1 50.0
7 WA-KITSAP 1 1 0.2

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Washington Companies

By Major Metro Area

01/01/2008 to 03/31/2008
No. Area Companies Deals Investment($M)
1Seattle 37 37243.0
2Other US 4 4 71.9
-Total 41 41314.8

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment in Washington

By state of Funding Source

01/01/2008 to 03/31/2008
No. Source state Investors Deals
1 California 26 21
2 Washington 13 20
3 Non-US 6 6
4 New York 12 6
5 Massachusetts 6 6
6 Illinois 1 3
7 Connecticut 3 3
8 British Columbia,(CA) 2 2
9 Texas 2 2
10 Missouri 1 1
11 Maryland 1 1
12 Florida 1 1
13 D. of Columbia 1 1
14 Minnesota 1 1
-Total 81 96

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investment by Washington Venture Funds

By state of Companies Receiving Money

01/01/2008 to 03/31/2008
No. Target state Companies Deals
1 Washington 28 28
2 California 18 18
3 Massachusetts 3 3
4 Oregon 1 1
5 Utah 1 1
6 Non-US 1 1
7 New Jersey 1 1
8 Connecticut 1 1
9 New York 1 1
- Total 55 55

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Washington

By Year

As of 03/31/2008
Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
1998 3146.8 652.0
1999 13900.0 5000.3
2000 6851.1 5528.9
2001 1 49.0 206.8
2002 2148.0 626.4
2004 4246.2 945.3
2006 3267.1 1352.4
2007 1600.0 3333.1

© 2008 Venture Economics/NVCA

Data current as of 15-APR-2008

Venture Capital Backed IPOs in Washington

By Quarter
Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2006-2 1106.5 346.2
2006-4 2160.6 1006.2
2007-1 1600.0 3333.1
Total 44075.2 22330.7

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Capital Investing in Washington

Most Active Venture Investors

01/01/2008 to 03/31/2008
No. Firm Companies Deals Investment($M)
1OVP Venture Partners (FKA: Oly4 4 4.4
2Fluke Venture Partners 4 4 4.2
3ARCH Venture Partners3 3 0.5
4Benaroya Capital Company3 3 0.9
5Ignition Partners (FKA: Igniti3 3 18.6
6Northwest Venture Associates, 2 2 5.0
7Prism VentureWorks (FKA:Prism 2 2 1.7
8Versant Ventures2 2 7.2
9MedVenture Associates (AKA: MV2 2 1.2
10Madrona Venture Group2 2 4.4

© 2008 PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey

Data current as of 15-APR-2008

Venture Backed IPOs in Washington

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