Investing in wearables ngp, munich jan 2014
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Investing in wearables ngp, munich jan 2014

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NGP's keynote presentation about investing in smartwatches and wristbands from the Wearable Technologies Conference in Munich January 2014.

NGP's keynote presentation about investing in smartwatches and wristbands from the Wearable Technologies Conference in Munich January 2014.

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Investing in wearables ngp, munich jan 2014 Investing in wearables ngp, munich jan 2014 Presentation Transcript

  • Nokia Growth Partners Investing in Wearables; Smartwatchs & Wristbands What do investors look for? Wearable Technologies Conference Jan 2014, Munich
  • 1998 Nokia has a long and successful history of promoting innovation through venture sponsorships dating back to 1998. 2014 2005 Nokia Growth Partners was founded in 2005 as an independent growth stage venture investor sponsored by Nokia. Today NGP’s team consists of 12 active investors in the US, China, India and Europe with a portfolio of 40 growth stage companies in mobile. Nokia has invested over $1.5B in different venture funds over the years and renewed funding for NGP by $250M in 2013, making NGPs total fund $600M SAN FRANSISCO GENEVA HELSINKI NEW DELHI BEIJING
  • BO ILSOE Partner UPAL BASU Partner PAUL ASEL Partner WALTER MASALIN Principal DAVID TANG Partner JOHN GARDNER ANNIE LIN KEVIN LAU Partner Senior Associate Associate LU GUO Principal YAO GE Associate VIVEK GOYAL ANUPAM RASTOGI Principal Analyst
  • ADTECH, DATA & ANALYTICS Mobile advertising network EMBEDDED SYSTEMS Advanced micro-optics maker MOBILE CONSUMER Digital entertainment LOCAL COMMERCE MOBILE ENTERPRISE Online Fashion, Luxury & Lifestyle Online business performance optimization Online coupon & deals site Programmatic Smartphone image sensor technology Managed IT hosting for products and services Touch screen games In-store analytics for online & offline retail Performance-based online marketing Smartphone array camers Mobile language learning Carrier grade messaging security Electronic payments & business solutions Digital CRM data provider Power integrated circuits Location powered online advertising Casual social games Online classi eds advertising platform Game monetization Securing online transactions Classi eds site in India Cloud services
  • Investing in a world of mobility i Consumer services u Personal w CLOUD Business Cloud enablers; Telco Security Analytics Payments Identity Intermediation z Smart Home d Connected Car services s Workplace
  • Investment Focus in Mobile MOBILE CONSUMER LOCAL COMMERCE EMBEDDED SYSTEMS SAN FRANCISCO MOBILE ENTERPRISE ADTECH, DATA & ANALYTICS GENEVA HELSINKI NEW DELHI BEIJING
  • Investing in a world of wearables
  • Recent smartwatch & wristband deals Company Date Funding Description Investor Lumo Body Tech Dec-12 $5M Posture sensor Madrona, Eric Schmitt Nest Jan-13 $80M Smart home Google, venrock, lightspeed, Shasta, InterTrust Pebble May –13 $15M Smart watch Charles River (first raise on kickstarter) Ouya May –13 $15M Android gaming console KPCB, Mayfield, Shasta, InVidia Withings Jul – 13 $30M Health tracking IdInvest, Ventech, BPI France Netatmo Jul-13 $6M Connected weather station Iris Capital, Angels Jawbone Sep – 13 $100M UpFitness tracking Silverlake, Fortness, JP Morgan, Khosla, KPCB, Sequaio Basis Oct – 13 $12M Smart watch Mayfiled, DCM, Norwest, Intel + others SmartThings Nov –13 $12.5M Open platform for IoT Greylock, Highland, Lerer Ventures, First Round Capital Mocana Dec – 13 $15M IoT security GE Ventures, Shasta, Symantec, Trident
  • Know your market $690 bn Consumer Electronics $380 bn Compute (PCs, Tablets, Smartphones) $2-3 bn Fitness Wearables CE wearables are a fraction of the overall consumer electronics market, which reflects the industry’s current early stage TAM calculation 2013 smartphone penetration 959 million units. 2.5bn fitness wearables market size + 100 ASP=25M units. Penetration rates of wearables to smartphone installed base/shipments today is 3% CreditSuisse projects $30-50 bn wearables market over next 5 years. Current watch market is $56bn and sunglasses $20bn.
  • Know your market Switzerland World ASP of Watch from - China: $3 - Switzerland: $739 Source : Federation of the Swiss watch industry
  • Who will win? “We tend to overestimate the speed of adoption and underestimate the long term impact” The one who has       Good distributor relationships Understands the mix between Fashion and Technology Emphasizes on superior service Has a core differentiating factor Patience, passion and a great team Access to capital… (a lot of it if it’s a consumer business)
  • Thank You