The not so yuck charts....
After the gloomy graph from a couple of weeks ago, I was hoping to share a silver lining in the dark cloud that seemed to be the state of the VC Industry. Riding to the rescue was the spectacular set of analysis on exits in the technology space (software, hardware, consumer informatics) over the last several years, presented by Cindy Moore of Silicon Valley Bank at the Tech Talk Tuesday Event at the Emerging Enterprise Center. Follow the link to download the full report: http://www.emergingenterprisecenter.com/~/media/Files/EEC/Event /2010/SVBA_Research_Technology_June_2010_TTT.ashx
SVB's analysis shows that after the Tech Bubble the software and the hardware sectors have been steadily recovering with exit multiples in 2009 equaling 2.3X and 1.3X for software and hardware sector respectively. Consumer Informatics had a crazy up year in 2004 (think Google = 80X average!) but since then exits have settled to 2.7X in 2009. SVB's in-depth look at the exits warrants further commentary. Any thoughts?
Here are some excerpts from the presentation - Source: SVB Analytics & Dow Jones/VentureOne
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