The fistful of questions covered such big-picture issues as the percentage of all venture funds that are managed in New England, the percentage of U.S. venture dollars New England companies attract, and the number of venture-backed companies in the region,
We got a great response, so last week, I tapped Greeley again to come up with fodder for a second quiz. It happened he had just heard a talk by John Hession, a partner at Cooley Godward Kronish in Boston, who had shared some fascinating stats on deal terms from Cooley’s survey of 75 of its investor and startup clients, as well as actual term sheets. So I pinged Hession on Friday, and he gladly sent over his PowerPoint, as well as the latest Cooley survey results covering the second quarter of 2009. This quiz is derived from the data in that survey (note: the last question, about carve-outs, was based on data for the year to date before the Q2 study was complete).
While our inaugural quiz was limited to New England trends, Hession says the Cooley data comes from a nationwide survey. (Greeley, by the way, says the data certainly reflects New England trends.) I will run the answers tomorrow, with a little bit of commentary and context. As an entrepreneur myself, I can assure you the answers are illuminating.
Where should any financial technology startup live? We’re here to urge you to look no further, and seriously consider Boston. Boston is and will remain the perfect home for FinTech startups today and for years to come. Read on to learn why we’re so confident.