Crains New York - May 13, 2013 - (Page 11)

TECHNOLOGY REPORT City IPO scene hopes for comeback Startups ramp up growth amid surging Dow, vibrant tech biz BY JUDITH MESSINA After an IPO drought of nearly two years,New York stock-photography company Shutterstock went public last October, reviving hopes in the tech community that more public offerings are coming. Likely candidates are using millions in late-stage money to acquire companies and hire dozens of new employees, ramping up the kind of growth investors look for in an IPO. The resurgent stock market and the vibrant New York tech scene have IPO watchers out in full force. “It’s going to be about growth,” said Anand Sanwal, CEO of venture-research firm CB Insights, of IPO wannabes.“Profitability is not going to be the metric of importance. It’s ‘Are you getting scale?’ ” Crain’s picked 12 potential IPO companies based on work by CB Insights, published reports and our own research. (See Page 15.) Not all—and possibly none—will ultimately go public, but they have achieved some of the milestones, such as big valuations, that investors look for in IPOs. CB Insights has identified a broader pool of 41 New York companies that are in the pipeline, out of 472 nationwide. Across the country, IPO candidates have raised an average of INSIDE THE LIST NYC’s top tech IPO candidates PAGE 15 ‘How goes a sector, so goes the IPO market’ —John Fitzgibbon, founder of IPO Scoop, Page 14 People to watch in Silicon Alley T BY JUDITH MESSINA he dozen executives profiled here have a lot at stake this year. Some have launched yet-to-succeed new ventures, shifted business models or made big exits that set them up for the next round of entrepreneurship. In many cases, their success or failure will answer bigger questions: Can New York build an institution to rival Stanford University and Silicon Valley? (See Daniel Huttenlocher.) How far can tech go as a political player? (See Jessica Lawrence.) Are flash sales a model for a public company? (See Michelle Peluso.) Can a scrappy startup change the way we go to the movies? (See Stacy Spikes and Hamet Watt.) Meanwhile, the scope and variety of all the companies profiled in this report show how much the city’s economy has riding on the success of the tech industry, which is bigger, broader and more important than it For profiles, see Page 12 has ever been. See CITY on Page 14 41 $85M AVERAGE AMOUNT raised by IPO candidates across the U.S. Source: CB Insights istockphoto/crain’s composite NUMBER of New York companies in the IPO pipeline May 13, 2013 | Crain’s New York Business | 11 http://www.entrepreneurship.In

Table of Contents for the Digital Edition of Crains New York - May 13, 2013

Crains New York - May 13, 2013
IN THE BOROUGHS
IN THE MARKETS
REAL ESTATE DEALS
THE INSIDER
BUSINESS PEOPLE
OPINION
STEVE HINDY
GREG DAVID
SMALL BUSINESS
REPORT: TECHNOLOGY
THE LIST
CLASSIFIEDS
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS

Crains New York - May 13, 2013