{ "docId": "019dd923-5ca1-7489-b639-6df00826801e", "docSlug": "1093f2767a4f95f1", "documentTitle": "Assessing the Impact of Big Tech on Venture Investment", "authorId": "OliverWyman", "authorName": "Oliver Wyman", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.4, "pageNumber": 29, "pageCount": 30, "prevPage": 28, "nextPage": 30, "slideType": "appendix_methodology", "function": "summarize", "density": "overcrowded", "nDataPoints": 0, "notes": "Methodology disclosure slide.", "elementsJson": [ "headline_text", "bullet_list", "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b639-6df00826801e/29", "deckHref": "/decks/019dd923-5ca1-7489-b639-6df00826801e", "deckJsonHref": "/decks/019dd923-5ca1-7489-b639-6df00826801e.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b639-6df00826801e#slide-29", "components": [ { "bbox": { "h": 0.125, "w": 0.904, "x": 0.048, "y": 0.216 }, "kind": "list", "text": "High level of granularity available (including technology subsectors, region/country, stage type, and time series)\nGood coverage of early-stage deals relative to other sources\nGlobal coverage vs. some other industry sources with a regional focus\nHistoric data available from the early 2000s up to and including 2017\nFlexibility to define data sets to assist in a focused analyses of technology subsectors within the broader venture investing market", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d7786812-9fba-4a90-91e5-b07144ce6f43", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.019, "w": 0.184, "x": 0.048, "y": 0.448 }, "kind": "paragraph", "text": "Defining data subsets", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "49a695c8-87c7-4e32-9eb5-71005cfa5a69", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.056, "w": 0.904, "x": 0.048, "y": 0.633 }, "kind": "paragraph", "text": "When analyzing investments across sectors (e.g. p9 & 26) we used the same approach to allocate investments to other sectors. This results in potential duplication of investments to sectors, but we normalize for this by dividing by total investment including duplication and only review relative share of investment by sector.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "98c5d555-9030-407d-a997-da8ef92b9e03", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.019, "w": 0.373, "x": 0.048, "y": 0.181 }, "kind": "paragraph", "text": "Primary data source of the venture investing market", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9dbc59c6-c870-457b-ae88-d7ef3000ba0f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.038, "w": 0.904, "x": 0.048, "y": 0.868 }, "kind": "paragraph", "text": "Oliver Wyman also relied on Thomson Reuters Datastream and Eikon for data relating to industry / subsector growth rates and M&A transaction statistics respectively.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a308b4fb-c46d-4498-8164-395a280c9d54", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.125, "w": 0.904, "x": 0.048, "y": 0.483 }, "kind": "paragraph", "text": "Crunchbase does not have a mutually exclusive industry sector and subsector categorisation. Instead it has roughly 300 industry categories and investments can be assigned to multiple categories. In defining the \"Technology\" sector within the Crunchbase venture investing market data, we reviewed each of the category fields contained in the data set to determine whether to include or exclude that category from our technology sector definition. We considered 53 of these to fall within the technology sector for the purposes of this analysis. Companies that did not fall in one of these subsectors were assigned to \"other\". This necessarily creates the broadest definition of what constitutes a technology startup and one that is suitable for the exercise of understanding trends in the broader technology venture investing market.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b183f327-2aa6-4b1a-8e2c-256973aa6683", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.019, "w": 0.203, "x": 0.048, "y": 0.833 }, "kind": "paragraph", "text": "Other data sources used", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c5ba4119-6649-4d93-a87e-05a1c6c0bff6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.106, "w": 0.904, "x": 0.048, "y": 0.708 }, "kind": "paragraph", "text": "When analyzing investments by technology subsector (e.g. p10, 14, 24) we also allocate investments to all technology subsectors identified in the Crunchbase data. For example, the data for an early-stage investment in a drone technology startup specializing in autonomous navigation, would be included (inter alia) within both the \"drone\" and \"augmented reality\" subsectors. This creates potential duplication of investments by subsector, but the analysis focuses only on relative growth by subsector and not absolute size. For the purposes of this report, we have considered venture investing to include the following funding round types: Angel, Seed, Series A,B & C, initial coin offering, product crowdfunding and secondary market transactions.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f31cdb12-3847-4fee-a526-b80a5f75d13b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.019, "w": 0.556, "x": 0.048, "y": 0.928 }, "kind": "source-note", "text": "Source: Crunchbase (http://www.crunchbase.com), Thomson Reuters Datastream and Eikon, Oliver Wyman", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2d9aff24-b3ee-4b69-ac33-28a25e21cb09", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.336, "x": 0.048, "y": 0.055 }, "kind": "title", "text": "Use of data in this report", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "278418eb-b241-4c47-8708-383c1e411379", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 30, "from": 28, "beatId": "50ef2d3a-eac9-45a6-be60-bc2b8eef6c28", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Resolution", "beatSlug": "resolution", "evidence": "The document concludes with an appendix and methodology.", "position": 4, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }