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米国のスタートアップはどうやってグローバルスタンダードになるのか？

GCAサヴィアン株式会社

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Do you know who they are?

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Do you know who they are?

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GCAサヴィアンについて

シリコンバレーという巨大なR&Dセンターの役割について

事例：カオスマップは、なぜ「カオス」になったのか、今後どうなるのか

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GCAサヴィアンについて

M&A Advisor of the Year

“Thomson Financial has selected GCA Savvian Group

Corp. as the best mergers and acquisitions adviser in

Japan for fiscal 2007.”

Deal of the Year

“…if the criteria include vision, ambition, pioneering

methodology, a certain degree of bravado and the

quality of embodying a larger success story, GCA’s

acquisition of Savvian is certainly one of the deals of

the year.”

“GCA, a Japanese mergers and acquisitions advisory firm will merge with Savvian through a share swap valued at about $780 million. The deal is the first triangular merger by a Japanese company using its own shares to finance the

acquisition since triangular mergers were deregulated in

Japan last year.”

“GCA and Savvian are hoping to benefit from a rise in acquisitions of foreign

companies . . . (the deal) highlights a trend that has

developed in the past several years: more Japanese companies are buying

companies overseas to spur their growth.”

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GCAサヴィアンについて

Preferred Stock

Financial Advisor

Preferred Stock

Financial Advisor

Acquired byAcquired by

We Advised the Seller

Acquired by Acquired by Sale of Subscription Music Service

Acquisition of1UP Digital

NetworkAcquired by

Preferred Stock

Financial Advisor

Sold Stake In

To

We Advised the Seller

We Advised the Seller

We Advised the Seller

We Advised the Seller

We Advised the Seller

We Advised the Buyer

We Advised the Buyer

We Advised the Seller

Secondary Sale

We Advised the Founders

Acquired by

We Advised the Seller

$400MM

$493MM $29MM $50MM

$21MM

Acquired bySale of Business Unit

Six Apart KK to

We Advised the Seller

$70MM

Undisclosed Undisclosed Undisclosed

Undisclosed

Undisclosed Undisclosed Undisclosed Undisclosed Undisclosed

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GCAサヴィアンについて

シリコンバレーという巨大なR&Dセンターの役割について

事例：カオスマップは、なぜ「カオス」になったのか、今後どうなるのか

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シリコンバレーという巨大な R&Dセンターの役割について

• オリンピック会場

• 野生の王国

• 潤沢な投資資金

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オリンピック会場

Do you know where they come from?

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オリンピック会場

Do you know where they come from?

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野生の王国

Large Capitalized

Industry Leaders

Growth Compani

es

Acquire

Sell

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潤沢な投資資金

$114 $123 $114 $114 $141 $137 $133 $139Average Transaction Size ($MM)

$51

$81 $86

$100

$126

$142 $136

$159

452

654 759

871 897

1,031 1,026

1,140

0

200

400

600

800

1,000

1,200

$0

$40

$80

$120

$160

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2009 2010 2011

Nu

mb

er

of

Tra

ns

ac

tio

ns

Tra

ns

ac

tio

n V

olu

me

($B

n)

米国でのM&A案件数及び金額（ $10MM - $1.0Bn）

Notes:(1) Source: FactSet as of 7/8/11; Includes global announced acquisitions in the specified range of transaction sizes across all industries; excludes minority investments, JVs etc.

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潤沢な投資資金

$4,360

$1,553

$2,878

$2,240

$1,697

$2,691 53

80

58

90

72

64

0

20

40

60

80

100

$0

$1,000

$2,000

$3,000

$4,000

$5,000

Jan '11 Feb '11 Mar '11 Apr '11 May '11 Jun '11

Num

ber of TransactionsA

mou

nt R

aise

d ($

MM

)

米国での資金調達案件数及び金額

Notes:Source: Venturewire, only includes transactions greater than $10MM.

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潤沢な投資資金

29.1%

27.0%

17.5%

11.0%

4.7%

3.1%

2.9% 1.6%

3.1%

Internet / Digital Media Healthcare Software & Services

Alternative Energy Communications Semiconductors

Hardware Consumer Other

セクター別案件数比率

Notes:Source: Venturewire, only includes transactions greater than $10MM.

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GCAサヴィアンについて

シリコンバレーという巨大なR&Dセンターの役割について

事例：カオスマップは、なぜ「カオス」になったのか、　今後どうなるのか

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事例：カオスマップは、なぜ「カオス」になったのか、今後どうなるのか

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事例：カオスマップは、なぜ「カオス」になったのか、今後どうなるのか

Notes:(1) Gross revenue estimates.(2) Net revenue estimates.(3) Public company filings and net revenue estimates.(4) Forrester research and net revenue estimates.

DSPs

Ad Exchang

es

Creative Optimizati

on

Retargeting

Verification

Data Suppliers

DMPs and Data

Aggregators

Media Planning and Attribution

Measurement and Analytics

$200 - $600 MM

$700 MM - $1 Bn

$700 - $900 MM

$50 - $75 MM

$2.5- $2.8 Bn

$100 - $200 MM

$20 - $50 MM

$100 - $200 MM

$20 - $50 MM

(1)

(1)

(1) (4)

(2)

(2)

(2)

(3)

(1)

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Targeted

Video / Rich Media

Horizontal

Yield Optimizati

on

Ad Networks

Vertical

Performance

Mobile

PUBLISHERS

Data Exchanges

/ Aggregato

rs

Creative Optimizati

on

Data Optimizati

on

AUDIENCE

ADVERTISERS

Ad Exchang

es

DSPs

Media Buying

Platforms

Agencies

Publisher Tools

Data Suppliers

Ad Ops / Infrastructure

Ad Servers

Ad Servers

Verification /

Attribution

Sharing Data / Social Tools

Analytics

事例：カオスマップは、なぜ「カオス」になったのか、今後どうなるのか

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事例：カオスマップは、なぜ「カオス」になったのか、今後どうなるのか

Marketing

Network / Data

Technology

Agency

Ad Networks

Targets

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結び

シリコンバレーという「ムラ社会」のインサイダーになるためには？