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1H12 Update
Rajeev Chand
Managing Director
Head of Research
VC Investments in Mobile
Global, 2001-1H12
Amount ($B)
7.0
$6.4
$6.3
Carrier
6.0
Technology $5.4
$5.1
$4.9
5.0
$4.5
$4.0 $3.9
4.0 $3.6
$3.1 $3.0
3.0
$2.6
$2.1
2.0
1.0
0.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1H11 1H12
Source: Rutberg & Company
Note: Excludes debt financings for venture-backed companies
1
VC in Mobile—46% of Overall VC
45%
39.1%
40%
35%
29.2%
28.9%
30% 27.1% 27.5%
25.6%
25%
12.9%
15%
10%
5%
0%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1H12
Source: Rutberg & Company
(1) Overall tech VC based NVCA data (includes computer and peripheral, IT service, networking and equipment, semiconductor, and software sectors; excludes carrier sector)
2
VC in Mobile—4th Largest Tech R&D “Organization”
5.0
4.0
3.0
2.0
1.0
0.0
Microsoft
Samsung
ALU
EMC
HP
SAP
Nokia
IBM
Cisco
Oracle
Ericsson
Canon
Qualcomm
Apple
STMicro
FUJIFILM
Mobile VC
Intel
3
VC in Mobile—$1B in Consumer Apps
Semiconductor
$0.3B
Carrier
$0.4B
Application
Consumer $1,009MM
$1.2B
Enterprise $176MM
Telecom $4MM
4
VC in Mobile—By Sector over Time
0% 0% 0%
2005 2006 2007 2008 2009 2010 2011 1H12 2005 2006 2007 2008 2009 2010 2011 1H12 2005 2006 2007 2008 2009 2010 2011 1H12
15% 15%
20%
10% 10%
10%
5% 5%
0% 0% 0%
2005 2006 2007 2008 2009 2010 2011 1H12 2005 2006 2007 2008 2009 2010 2011 1H12 2005 2006 2007 2008 2009 2010 2011 1H12
5% 10% 5%
0% 0% 0%
2005 2006 2007 2008 2009 2010 2011 1H12 2005 2006 2007 2008 2009 2010 2011 1H12 2005 2006 2007 2008 2009 2010 2011 1H12
5
VC in Mobile—1H12 Cluster Map
Consumer Apps
$1B
Commerce and
Payments
$526MM
Advertising
$246MM
Enterprise
Video $609MM
$202MM
Device
$636MM
mHealth
$129MM
6
VC in Mobile—2012YTD Private Company Metrics (Selected)
70m users, 45m users in 15m active users, 600% YoY growth 400m downloads,
1m per week 18 months 4m pay subscribers in enterprise 115m MAUs
customers
Source: Rutberg & Company, company press releases and publicly disclosed statements
7
VC in Mobile—61% of Deals are $5MM or Less
90%
80%
70%
60%
50%
40%
(Acquired by
Facebook)
30%
>$20MM
20% $10-$20MM
$5-$10MM (Acquired by
10% <=$5MM Autodesk)
0%
2005 2006 2007 2008 2009 2010 2011 1H12
Source: Rutberg & Company
(1) Excludes deals where amount was not disclosed
8
VC in Mobile—Largest Investments
9
Thank You
Rajeev Chand
Managing Director
Head of Research
rchand@rutbergco.com
Nick Mayberry
Senior Equity Research Associate
nmayberry@rutbergco.com
Kyle Spraker
Equity Data Associate
kspraker@rutbergco.com
Rutberg & Company—Annual Events
Bryan B. Rutberg
Chief Executive Officer
Office: (415) 371-1186
brutberg@rutbergco.com