MoneyTree Venture Capital Profile for Tennessee

PricewaterhouseCoopers/Thomson Reuters/NVCA

Venture Capital Investment in Tennessee Companies

By Year

As of 06/30/2010

Year Companies Deals Investment($M)
2000 40 49487.9
2001 28 32202.2
2002 22 28119.0
2003 19 25 81.7
2004 23 28 88.8
2005 20 25 99.5
2006 13 14 42.5
2007 20 22123.6
2008 22 23 71.4
2009 14 15 53.1
2010 11 11 35.6

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Tennessee Companies

By Quarter

Qtr Companies Deals Investment($M)
2008-1 6 6 25.1
2008-2 5 5 4.0
2008-3 5 5 21.1
2008-4 7 7 21.3
2009-1 3 3 2.9
2009-2 4 4 19.6
2009-3 6 6 21.1
2009-4 2 2 9.6
2010-1 4 4 2.6
2010-2 7 7 33.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Tennessee Companies

By Industry/Technology Sector

04/01/2010 to 06/30/2010

No. Sector Companies Deals Investment($M)
1 Medical Devices and Equipment 2 2 6.0
2 Healthcare Services 2 2 23.0
3 Retailing/Distribution 1 1 0.7
4 Software 1 1 3.0
5 IT Services 1 1 0.2
-Total 7 7 33.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Tennessee Companies

By Internet Related Technology

04/01/2010 to 06/30/2010

No. Industry Companies Deals Investment($M)
1 Ecommerce Goods, Services and Content 4 4 6.9
-Total 4 4 6.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Tennessee Companies

By Stage

04/01/2010 to 06/30/2010

No. Stage Companies Deals Investment($M)
1Early Stage1 1 0.2
2Seed1 1 23.0
3Expansion3 3 6.7
4Later Stage2 2 3.0
-Total 7 7 33.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Tennessee Companies

by Top County

04/01/2010 to 06/30/2010

No. County Companies Deals Investment($M)
1 TN-DAVIDSON 4 4 27.0
2 TN-WILLIAMSON 3 3 6.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Tennessee Companies

By Major Metro Area

04/01/2010 to 06/30/2010

No. Area Companies Deals Investment($M)
1Nashville 7 7 33.0
-Total 7 7 33.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment in Tennessee

By state of Funding Source

04/01/2010 to 06/30/2010

No. Source state Investors Deals
1 Tennessee 3 4
2 North Carolina 1 1
3 Non-US 1 1
4 Virginia 1 1
5 Michigan 1 1
6 Maryland 1 1
7 Pennsylvania 1 1
-Total 11 13

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investment by Tennessee Venture Funds

By state of Companies Receiving Money

04/01/2010 to 06/30/2010

No. Target state Companies Deals
1 Tennessee 5 5
2 California 1 1
3 North Carolina 1 1
4 Pennsylvania 1 1
5 Arizona 1 1
6 Georgia 1 1
- Total 10 10

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Tennessee

By Year

As of 06/30/2010

Year Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2000 1 33.6 78.3
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
2009 1 85.0 290.6

© 2010 Venture Economics/NVCA

Data current as of 12-JUL-2010

Venture Capital Backed IPOs in Tennessee

By Quarter

Qtr Companies Amount Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
2009-3 1 85.0 290.6
Total 1927.9 3153.9

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Capital Investing in Tennessee

Most Active Venture Investors

04/01/2010 to 06/30/2010

No. Firm Companies Deals Investment($M)
1Clayton Associates LLC2 2 0.9
2Claritas Capital LLC1 1 0.2
3Council Ventures1 1 0.3
4Solidus Partners LLP1 1 0.4
5Hatteras Venture Partners (FKA1 1 0.5
6LLR Partners, Inc.1 1 23.0
7New Enterprise Associates, Inc1 1 1.5
8Camelot Ventures1 1 1.5
9Envest1 1 0.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Venture Backed IPOs in Tennessee

Top IPOs

04/01/2010 to 06/30/2010

No. Company IPO DATE Money Raised by IPO($M) Total Valuation Placed on Company by IPO($M)
-All Companies- 0.0 0.0

© 2010 PricewaterhouseCooper/Thomson Reuters/NVCA MoneyTree Survey

Data current as of 12-JUL-2010

Profile Created:07/13/2010