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What are you spending more on in 2009 than 2008?


                                            custom er
                            staffing        retention
                               8%              5%    Everything
               nothing                                   5%
                 8%                                        M&A
                                                            5%

    developm ent                                               R&D
         8%                                                     5%
                                                                Em ployee
                                                                 benefits
                                                                   3%
                                                                fundraising
                                                                   3%
                                                               severance
                                                                  3%

         m arketing
            22%

                                                    sales
                                                     25%




                   Copyright, BSG Team Ventures, March, 2009
When do you predict the market conditions to take a turn for the better?


                       31%       31%
             35%
                                              26%
             30%

             25%

             20%

             15%
                                                         7.90%
             10%
                                                                      2.60%
              5%

              0%
                   Q2 2010 Q1 2010 Q4 2009 Q3 2009 Q2 2009
                     or
                   beyond
                                       Quarter


                          Copyright, BSG Team Ventures, March, 2009
Are you seriously considering employee reduction in Q2’ 09?




             Yes, 27%




                                                   No, 73%




                  Copyright, BSG Team Ventures, March, 2009
What percentage reduction of full-time employee headcount
                       are you planning on?




           40%

                                                             60%




                      Less than 20%            20-39%

                 Copyright, BSG Team Ventures, March, 2009
If you are planning on making additional cost reductions,
  which THREE (3) below are likely to be part of them?




                     Reduced hours/ 4-
                                                            Delaying specific
                      day work weeks
                                                                  new
           Salary reductions
                                                             project/product
                                                              development
     Moving from direct
          sales to
      channel/indirect


                Reducing cash
                                                 Outsourcing of key
                  comp and
                                                   responsibilties
              increasing equity
                                                (dev, testing, sales,
                                                  etc.to make cost
                                                      variable)




                     Copyright, BSG Team Ventures, March, 2009
If you could ask your peer CEOs a question, what would it be?



              staffing                                       burnrate
                17%                                            17%




                                                                        economy
                                                                          28%
        funding
          38%




                     Copyright, BSG Team Ventures, March, 2009
What is your primary industry sector?




                                                      Software/
                                                       Internet/
                                                     Telecom 61%

Cleantech 8%


    Other 10%

           Medical          Interactive Life Sciences/
         Devices 11%                     Biotech 5%
                               media/
                              content/
                          community 5%




                Copyright, BSG Team Ventures, March, 2009
What best describes your primary invested capital structure?



               Corporate
            investor/ ow ner
                                             Angel 13%
                        Other 3%
                  5%
                                                             Private equity
                                                                  11%



                                                                Bootstrapped
                                                                    11%



            Venture capital
                 57%




                        Copyright, BSG Team Ventures, March, 2009
CEOs responding to survey from the following industries:



                               Interactive
                         Biotech media
                 Cleantech
                           5%      5%
                    8%
                 Other
                 11%

             Medical
             Devices
                                                     Software /
              11%
                                                     Internet /
                                                      Telecom
                                                        60%




                    Copyright, BSG Team Ventures, March, 2009

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CEO Survey, March 2009--growth-stage companies

  • 1. What are you spending more on in 2009 than 2008? custom er staffing retention 8% 5% Everything nothing 5% 8% M&A 5% developm ent R&D 8% 5% Em ployee benefits 3% fundraising 3% severance 3% m arketing 22% sales 25% Copyright, BSG Team Ventures, March, 2009
  • 2. When do you predict the market conditions to take a turn for the better? 31% 31% 35% 26% 30% 25% 20% 15% 7.90% 10% 2.60% 5% 0% Q2 2010 Q1 2010 Q4 2009 Q3 2009 Q2 2009 or beyond Quarter Copyright, BSG Team Ventures, March, 2009
  • 3. Are you seriously considering employee reduction in Q2’ 09? Yes, 27% No, 73% Copyright, BSG Team Ventures, March, 2009
  • 4. What percentage reduction of full-time employee headcount are you planning on? 40% 60% Less than 20% 20-39% Copyright, BSG Team Ventures, March, 2009
  • 5. If you are planning on making additional cost reductions, which THREE (3) below are likely to be part of them? Reduced hours/ 4- Delaying specific day work weeks new Salary reductions project/product development Moving from direct sales to channel/indirect Reducing cash Outsourcing of key comp and responsibilties increasing equity (dev, testing, sales, etc.to make cost variable) Copyright, BSG Team Ventures, March, 2009
  • 6. If you could ask your peer CEOs a question, what would it be? staffing burnrate 17% 17% economy 28% funding 38% Copyright, BSG Team Ventures, March, 2009
  • 7. What is your primary industry sector? Software/ Internet/ Telecom 61% Cleantech 8% Other 10% Medical Interactive Life Sciences/ Devices 11% Biotech 5% media/ content/ community 5% Copyright, BSG Team Ventures, March, 2009
  • 8. What best describes your primary invested capital structure? Corporate investor/ ow ner Angel 13% Other 3% 5% Private equity 11% Bootstrapped 11% Venture capital 57% Copyright, BSG Team Ventures, March, 2009
  • 9. CEOs responding to survey from the following industries: Interactive Biotech media Cleantech 5% 5% 8% Other 11% Medical Devices Software / 11% Internet / Telecom 60% Copyright, BSG Team Ventures, March, 2009