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Crowdfunding Day - Jeff Lynn (Seedrs)
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Crowdfunding Day - Jeff Lynn (Seedrs)

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Presentation of Jeff Lynn (Seedrs) at Crowdfunding Day (April 15, 2013)

Presentation of Jeff Lynn (Seedrs) at Crowdfunding Day (April 15, 2013)

Published in: Economy & Finance, Business

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  • We had a great time at Crowdfunding Day in Amsterdam.
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  • 1. Why Europe is theBest Market in the Worldfor Equity CrowdfundingJeff Lynn15 April 2013
  • 2. Introduction• I’m CEO and co-founder of Seedrs• A bit of background on us:− UK-based equity crowdfunding platform− Startups can raise up to £150,000 through us− Launched July 2012 – first platform of our kind inthe world to get regulatory approval− Funded over £1 million across 21 startups− Median investment is £100@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 3. Locating Seedrs• When my co-founder and I began working onSeedrs, we could have located it anywhere− I’m American and have strong ties to India− Carlos is Portuguese and has strong ties to Brazil− We were living in the UK for our MBAs but werefully mobile• We chose to set up in the UK, with a view tobecoming pan-European, because we seeEurope as the best global market for equitycrowdfunding@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 4. Regulation• When we started out, there was no JOBS Act• U.S. rules-based system was far less welcomingthan European principles-based systems• Even with the JOBS Act, European systemsare still the better ones for now− JOBS Act is highly flawed and will take years ofregulation and further legislation to get right− European systems, while disparate andimperfect, have proven themselves much moreflexible@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 5. Legal Systems• Europe is not the only region with a flexibleregulatory system− Exists in some emerging economies too• But the other key element of equitycrowdfunding is a strongcorporate/commercial legal system− In the absence of personal relationships, contractsand corporate law must be robust and enforced• Very few other countries (bar the U.S.) haveas strong legal systems as we have here@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 6. Startup Culture• Startup activity is accelerating faster inEurope than anywhere in the world− Lots of hubs, accelerators emerging− Talent is flocking to entrepreneurship• Macroeconomic situation encourages this− Europe underperformed in the startup stakes whenother parts of the economy were more stable− Increasingly, bright people see the need tocreate their own value• With increasing startup activity comesincreased demand for funding @seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 7. Lack of Seed Funding• Seed funding is highly inefficient in Europe• Very regional, with strong government intervention• Startups need to be in right place/sector at righttime to get the first funding they need• Equity crowdfunding is largely about creatingefficiencies in seed funding− Allows startups and investors to find each otherand do deals much more easily− The more inefficient the market, the morepotential for equity crowdfunding@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 8. Culture of Collaboration• Equity crowdfunding is about returns− Investors need to profit if this form of funding is togain traction− Not some sort of 21st century alternative tocapitalism – it is capitalism made better• But it’s also about collaboration− Providing support along with capital− Backing businesses which profit in part fromcreating positive effects on the overall ecosystem− This aligns best with the European approach tobusiness@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 9. Making it a Reality• Europe has the potential to be the best marketin the world for equity crowdfunding• However, we need to do a few things if wewant to fulfill that potential− Harmonised legislation− Encouraging and incentivising investors− Optimism and confidence@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct Authority
  • 10. Questions?@seedrswww.seedrs.comSeedrs Limited is authorised and regulated by the Financial Conduct AuthorityJeff Lynnjeff.lynn@seedrs.com@jeffseedrswww.seedrs.com