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Growing diversity? Even amid a pullback, local investment is sustained proportionally. U.S. VC activity by metro, region & sector Geographic diversity continues to inch up U.S. VC activity (#) by metro The Mid-Atlantic has seen a spurt of investing in 1Q U.S. VC activity (#) by region 100% 100% Other 90% Philadelphia Metro 80% Austin Metro 60% D.C. Metro 50% 40% 30% 20% 10% 0% 90% Southeast 80% Chicago Metro 70% West Coast 70% South 60% New England 50% San Diego Metro 40% Seattle Metro 30% Los Angeles Metro 20% Boston Metro 10% New York City 0% Mountain Midwest Mid-Atlantic Great Lakes 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Bay Area 2010 2011 2012 2013 2014 2015 2016* 2013 2014 2015 2016 Source: PitchBook *As of 3/31/2016 Source: PitchBook Every sector is down by a considerable margin U.S. VC activity (#) by sector Although healthcare is on pace to match 2015 in terms of dollars invested U.S VC activity ($B) by sector 12,000 10,000 8,000 6,000 Commercial Services Consumer Goods & Recreation $90 Energy Healthcare Svcs/Suppl./Syst. $80 IT Hardware Pharma & Biotech $70 Other Media $60 $50 Software Commercial Services Consumer Goods & Recreation Energy Healthcare Svcs/Suppl./Syst. IT Hardware Media Other Pharma & Biotech Software $40 4,000 $30 $20 2,000 Source: PitchBook *As of 3/31/2016 10 P I TC H B O O K 1 Q 201 6 U. S . V E N T U R E I N D U S T RY R E P O R T 2016* 2015 2014 2013 2012 2011 2010 2009 2008 2007 $0 2006 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 0 2016* $10 Source: PitchBook *As of 3/31/2016