A S TA R T U P R E I N V E N T I O N
ST. LOUIS BUSINESS
» Home to 19 Fortune 1000 companies including nine in
the Fortune 500.
» 40 companies in Inc. Magazine’s list of America’s
5,000 fastest-growing private companies.
» One of the largest concentrations of plant science
PhDs worldwide.
» Ranked as 7th most cost-competitive location to do
business by KPMG
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REGIONAL BUSINESS STRENGTHS
Financial
Services
Healthcare
Plant
Science
Multi-modal
Logistics
America’s Central Port
ENTREPRENEURIAL ECOSYSTEM
4
PILLARS OF STRENGTH
HERITAGE
»
»
»
»
NEW STARTUPS
St. Louis has a rich history of
entrepreneurial success
It’s been the launching ground for many
of America’s biggest companies
AVAILABLE
CAPITAL
»
»
The St. Louis region is exploding with
new companies and new ideas
The culture and ecosystem connects
entrepreneurs and empowers them to
grow their ideas
PRIME ECOSYSTEM
Extensive range of private funds and
public support in the St. Louis region
Regional leaders raising an additional
$100 million to fund promising startups
»
»
»
Ecosystem that enables growth
Leading role in life sciences, finance, IT,
aviation, and energy
Home to premier higher education
institutions, cultural amenities,
affordable cost of living and more
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HERITAGE OF STARTUPS
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STARTUPS OF TODAY
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AVAILABLE CAPITAL
VENTURE
»
»
»
Ascension Ventures
RiverVest Venture
Partners
ANGEL INVESTORS
»
Advantage Capital
»
Prologue Ventures
»
Iron Rock Capital
CAPITAL
» iSelect Fund
Cultivation Capital
»
Arch Angels
»
Billiken Angels
»
Prosper / Golden Seeds Angels
PRIVATE INVESTORS
PUBLIC FUNDS
»
»
Missouri Technology
Corporate (MTC)
»
Helix Fund
Extensive network of private
investors looking for early stage
companies
B U S I N E S S P L AN C O M P E T I T I O N S
»
Arch Grants
»
Olin Cup
»
»
12P
STL Startup
Challenge
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ECOSYSTEM+: TALENT
Washington University - St. Louis’
St. Louis University’s
Entrepreneurship Program is ranked
Undergrad Entrepreneurship Program is ranked
#6 in the nation.
#13 in the nation.
St . L o u is R a n ks
# 13
For Gen Y Workers
Region ranked in top
15 of U.S. cities in most Bachelor, Masters and
Doctoral degrees
The number of computer and mathematical workers is 30% higher than national avg.,
yet, these workers’ average wages are 95% of U.S. levels
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ECOSYSTEM+: COST OF DOING BUSINESS
Corporate Income Tax
KPMG ranked STL as 7th least expensive
large city in which to do business in U.S.
The Tax Foundation ranks Missouri with the 7th
best for Corporate Income Tax and Property Tax
MO
NY
CA
MA
6.3%
7.1%
8.8%
8%
Index ranking
Average Developer Salary:
New York City
$94,000
Silicon Valley
$100,000
Boston
$75,000
Austin
$76,000
St. Louis
$74,000
Cost Of Living
Comparison to St. Louis:
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New York City
San Franc is c o
2.3X
1.7X
Higher
Higher
ECOSYSTEM+: INNOVATION CENTERS
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ECOSYSTEM+: TOP ACCELERATORS
St. Louis accelerators have been recognized internationally – from Capital
Innovators - called one of the 15 Best Accelerators in the U.S.; to Jim McKelvey’s
SixThirty - which focuses on FinTech startups and connects them with large
enterprises in the space; to BioGenerator - which focuses on the broad array of
bioscience startups across greater St. Louis.
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ECOSYSTEM+: MENTORING & EDUCATION
Education
Mentoring
GATEWAY
VMS
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PROMISING OUTLOOK
14
STRONG 2013
» St. Louis startups raised more
than $380 mil.
» More than 33 companies raised
more than $1 mil., with an
average raise of $5.6 mil.
» Investment rounds in excess of
$1 mil. were double the previous
five-year average.
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PROMISING OUTLOOK
Dice.com: ST. LOUIS FASTEST GROWING
CITY FOR TECH JOBS
St. Louis
Charlotte
Austin
Phoenix
Detroit
Year/year % change in tech jobs posted on Dice as measured at March 1, 2013
Cambridge Innovation Center Strikes
Deal for St. Louis Expansion
Missouri Ranked #
6
in the
Kauffmann Entrepreneur Index
PROMISING
FAVORABLE OUTLOOK
CLIMATE CHANGE
Attracting
Series A Capital
New Startups
by Industry
Biotech
Clean Tech
Other
Tech
60
Rounds >$1MM
Five Year Average
35
50
30
40
25
20
30
15
20
10
10
5
0
0
2007
2008
2009
2010
2011
2012
2013
2007
A STARTUP REINVENTION | 2014
2008
2009
2010
2011
2012
2013
PROMISING
FAVORABLE OUTLOOK
CLIMATE CHANGE
PRE SEED
SEED
VENTURE
$25K $99K
$100K $249K
$250K $499K
$500K $749K
$750K $999K
$1 M+
Yearly Av. of
each $1 M+
2007
1
4
3
4
0
15
$ 5,502,086
2008
0
2
1
0
1
13
$ 6,330,533
2009
4
7
5
2
0
13
$ 5,544,966
2010
7
6
5
3
1
11
$ 3,690,970
2011
7
9
7
2
3
16
$ 5,697,413*
2012
15
5
3
3
1
15
$ 3,928,053
2013
12
15
5
9
1
33
$
* w/o outliers: Essence for $70 million in 2011; or Answers for $200 million in 2013.
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5,600,000*
ACTIVITY PIPELINE
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A S TA R T U P R E I N V E N T I O N