This document summarizes venture capital investment trends in the San Francisco Bay Area from 2003 to 2014. It shows that while San Francisco attracted more early-stage funding than the rest of the Bay Area combined in recent years, the city is becoming constrained for space. The summary encourages economic growth and investment to move east to Oakland, noting that the city is becoming a cool and thoughtful place, preserving diversity, neighborhoods, and opportunity for all while embracing creativity. It concludes by welcoming the audience to Oakland.

1. Splash Oakland Opening Remarks

2. San Francisco Oakland
1997
2014
2014
Soon!

3. VC Investment % of $ 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104
San Francisco 5.5% 8.8% 12.8% 12.4% 14.6% 14.4% 20.4% 17.5% 31.9% 31.8% 36.3% 49.6%
Rest of Bay Area 94.5% 91.2% 87.2% 87.6% 85.4% 85.6% 79.6% 82.5% 68.1% 68.2% 63.7% 50.4%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104
San Francisco Rest of Bay Area
Investment activity has moved north –
but San Francisco is full
In 2003 San Francisco attracted $377mm in
institutional venture capital, 2013: $4.8 billion

4. Seed / Series A % of $ 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104
San Francisco 5.1% 11.0% 14.2% 11.5% 24.5% 28.9% 24.5% 26.4% 30.5% 49.7% 41.9% 50.9%
Rest of Bay Area 94.9% 89.0% 85.8% 88.5% 75.5% 71.1% 75.5% 73.6% 69.5% 50.3% 58.1% 49.1%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2104
San Francisco Rest of Bay Area
San Francisco isn’t done – it still
leans early stage!
• San Francisco’s early stage investment lines crossed in Q1 2014
– More early stage investment going into San Francisco than the rest of the Bay Area
combined
• This means San Francisco has more early stage activity than ever before –
with already constrained capacity

5. But San Francisco is full…

6. The Bay Area economy is moving east
$125
$98
$-
$50
$100
$150
Full Year 2013 Q1 2014
VC Investment in Oakland
($mm)

7. Oakland is cool

8. Oakland is thoughtful
• Preserving diversity
• Maintaining neighborhoods
• Developing the local workforce
• Ensuring opportunity for all
• Embracing the creative class

9. Welcome to Oakland
You are where it’s at!