P. 1
WBT Presentation IQT AN INVESTOR’S PERSPECTIVE ON PREPARING FOR WBT JANUARY 2009

WBT Presentation IQT AN INVESTOR’S PERSPECTIVE ON PREPARING FOR WBT JANUARY 2009

|Views: 34|Likes:
Published by StopSpyingOnMe
WBT Presentation IQT AN INVESTOR’S PERSPECTIVE ON
PREPARING FOR WBT
JANUARY 2009
WBT Presentation IQT AN INVESTOR’S PERSPECTIVE ON
PREPARING FOR WBT
JANUARY 2009

More info:

Published by: StopSpyingOnMe on Aug 23, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/14/2014

pdf

text

original

AN INVESTOR’S PERSPECTIVE ON PREPARING FOR WBT

JANUARY 2009

1

AGENDA FOR TODAY’S PRESENTATION

 Quick

overview of In-Q-Tel investment environment for early-stage enterprises

 Today’s

 Opportunities  Making

the most of the WBT experience

2

DELIVERING A SUPPLY CHAIN OF TECHNOLOGY INNOVATION

MISSION: Identify, adapt, and deliver innovative technologies to support the Central Intelligence Agency and the broader U.S. Intelligence Community. Quick Facts

• Launched January 1999 • Private, Non-Profit, Independent organization • CIA initial and principal customer • NGA, DIA, additional IC customers now engaged • Operate as a Strategic Investor for the IC • 75 active companies in the portfolio • 49 technology adoptions • 131 technology pilots
3

IQT TECH PRACTICE AREAS OF INTEREST

COMMUNICATIONS & INFRASTRUCTURE: •Data services and capabilities •Information lifecycle management •Systems support for facilities •Connectivity and communications •Computing architectures

APPLICATION SOFTWARE & ANALYTICS: •Software applications for enterprise, departmental, and individual
users

•Software-based analytics to automate and support human analysis •Tools to exploit text-, multimedia-, and geospatial-based data
regardless of language and format

•Knowledge management and data visualization •Modeling, simulation, and digital media •Collaboration

DIGITAL IDENTITY & SECURITY: •Identity management •Access control •Risk analysis capabilities •System design and analysis tools •Policy definition and management

BIO, NANO, & CHEMICAL TECHNOLOGIES: •The extraction and characterization of trace materials from the
environment

•The characterization of unknown bulk materials •The on-site determination of individual human traits •Point-of-care medical technologies outside of a laboratory or clinical
environment

EMBEDDED SYSTEMS & POWER: •Power generation, transmission, and storage •Power management, conservation and conversion •RF, electronic, optic, power and other components •Sensor networks and embedded communications •Embedded sensing, computing, and communicating platforms •Embedded communications components, protocols, and software •Basic energy and component materials, science,and technology •Rapid design, prototyping and low rate production

•Tracking and/or authentication of both individuals and objects •The enablement of new capabilities from advances in material
science

4

THE VENTURE CAPITAL MARKET TODAY

Investment activity during the first three quarters of 2008 was fairly strong
o $22.6 billion invested in 2,930 deals o Ahead of 2007 in terms of dollars invested, although fewer deals

The fourth quarter was radically different
o Investment down more than 25% from Q4 2007 o VCs moved extremely quickly to alter investment strategies • Focus on capital preservation, reserves for existing portfolio companies, and portfolio triage • Strategies to balance portfolio holdings • Precipitous drop in valuations

Opportunities for financial exits are at historic lows
o 6 venture-backed IPOs in 2008 – lowest total since 1977 o Two quarters with zero IPOs o 260 venture-backed exits in 2008 (vs. 360 in 2007) – lowest since 1999
Source: Allegis Capital
5

EARLY-STAGE OPPORTUNITIES

For seed and early-stage ventures, today’s market conditions can be a double-edged sword… Bright spots
o Many investors (the ones who remain nimble) are moving back into early-stage as part of diversification; the percentage of $ going to seed and early-stage investments will rise o Clean Tech remains a hot area (albeit ripe for a correction); investment is up 400% since 2005, to $8.4 billion in 2008 o Early-stage returns highest of any class over 10+ year period o Frequently heard quote of late: “The best companies get started in downturns” • Fewer competitors • More early-stage capital sources • Lower salaries and less competition for talented employees

6

EARLY-STAGE OPPORTUNITIES

For seed and early-stage ventures, today’s market conditions can be a double-edged sword (continued)… Challenges
o Valuations will be significantly lower than in the recent past o Only the best opportunities will make it through the screen – fewer checks will be cut, and they will be smaller (i.e., seed and earlystage investment will make up a bigger piece of a smaller pie) • MUST paint the vision for a business, not just a really interesting technology • Even greater focus on team, strategy, and ability to execute

Bottom line: Early-stage is a good place to be right now… if you have something truly compelling.

7

CAPITALIZING ON THE WBT EXPERIENCE

Diverse group of attendees that can assist an early-stage venture in different ways
o o o o o o Financial investors Corporate/strategic investors Potential partners Technology transfer officers and other sources of IP Economic development officials Potential employees

 Some high-level presentation thoughts
o Present the venture story, not just the technology story o Be clear on the “ask” – what are you looking for? o Presentation is a means of garnering interest/follow-on conversations o Have follow-up collateral ready – “available” better than “perfect”

 Network, network, network – booths, meals, receptions, etc.
8

Congratulations on your selection, and enjoy WBT

Tom Gillespie Investment Team In-Q-Tel 703-248-3026 tgillespie@iqt.org

9

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->