Jeff Clavier at The Next Web Conference

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Jeff Clavier at The Next Web Conference

  1. 1. Investing Globally The New Connectedness Jeff Clavier Managing Partner, SoftTech VC
  2. 2. Jeff Clavier <ul><li>SoftTech VC </li></ul><ul><ul><li>Business Angel </li></ul></ul><ul><ul><li>Startup Advisor </li></ul></ul><ul><li>Hacked in C/C++, CTO/VP Engineering </li></ul><ul><li>General Partner at Reuters Venture Capital </li></ul><ul><li>Started investing in Web 2.0 3 years ago </li></ul><ul><ul><li>20+ investments, 3 exits </li></ul></ul><ul><li>More: </li></ul><ul><ul><li>softtechvc.com, blog.softtechvc.com </li></ul></ul><ul><ul><li>twitter.com/jeffclavier </li></ul></ul>
  3. 3. SoftTech VC
  4. 4. Investing Globally The New Connectedness Jeff Clavier Managing Partner, SoftTech VC
  5. 5. Investing Globally The New Connectedness Jeff Clavier Managing Partner, SoftTech VC
  6. 6. Investing in Silicon Valley The New Connectedness Jeff Clavier Managing Partner, SoftTech VC
  7. 7. Investing in Silicon Valley building a part of The New Connectedness Jeff Clavier Managing Partner, SoftTech VC
  8. 8. Investing: 2004 vs.2007 <ul><li>2004 </li></ul><ul><ul><li>Cheap and available talent </li></ul></ul><ul><ul><li>Lots of open opportunities </li></ul></ul><ul><ul><li>Building next generation services and new markets </li></ul></ul><ul><ul><li>Leveraging global broadband </li></ul></ul><ul><li>2007 </li></ul><ul><ul><li>Very tight and expensive hiring </li></ul></ul><ul><ul><li>Numerous “white spaces” overcrowded </li></ul></ul><ul><ul><li>Mashing up services to deliver incremental (limited?) value </li></ul></ul><ul><ul><li>Laughing at “US broadband&quot; </li></ul></ul>
  9. 9. Why I still invest in 2007 <ul><li>Still large pockets of capital efficient opportunities, and “offline” inefficiencies </li></ul><ul><li>Increased monetization opportunities in the advertising market, and beyond </li></ul><ul><li>Deportalization + new platforms = … </li></ul><ul><li>“ The world needs…” </li></ul><ul><li>That’s what I do  </li></ul>
  10. 10. What defines the New Connectedness? <ul><li>New Experience </li></ul><ul><ul><li>Richer: quality/interaction </li></ul></ul><ul><ul><ul><li>Gaming as an interaction paradigm </li></ul></ul></ul><ul><ul><li>Shared </li></ul></ul><ul><li>Multi personal instantiation modality </li></ul><ul><ul><li>Blurring of online, offline and virtual </li></ul></ul><ul><ul><li>“A bunch of me’s with Me in the middle” </li></ul></ul><ul><ul><li>…across devices </li></ul></ul>
  11. 11. What defines the New Connectedness? <ul><li>My Web, My World, My Life </li></ul><ul><ul><li>Personalization will reach a point of total freakiness </li></ul></ul><ul><ul><ul><li>Content, Context, Location, Time, Behavior </li></ul></ul></ul><ul><ul><li>Across my me’s </li></ul></ul><ul><li>Automation pushed to the edge </li></ul><ul><ul><li>Robots, sensors and fulfillment </li></ul></ul><ul><ul><li>Less Utility, More Entertainment </li></ul></ul>
  12. 12. The Global Opportunity
  13. 13. The “Global” Opportunity <ul><li>Silicon Valley has the most efficient startup/innovation ecosystem </li></ul><ul><li>Global = SV > West Coast > East Cast > USA+Canada > China/India > Israel </li></ul><ul><li>Investments in Europe ? </li></ul><ul><ul><li>Just a handful of exceptions </li></ul></ul><ul><li>Exits in Europe ? </li></ul><ul><ul><li>Anyone ? </li></ul></ul>
  14. 14. What does it take for Europe to compete ? <ul><li>Success creates self-fulfilling prophecies </li></ul><ul><ul><li>New generation of angels </li></ul></ul><ul><li>Index Ventures is Sequoia, needs a Kleiner Perkins </li></ul><ul><li>Forget local markets, build global and scalable </li></ul><ul><li>Out-innovate, go for the throat, forget knock-offs </li></ul><ul><li>Culture shift: celebrate success, accept failure, promote risk taking </li></ul><ul><li>Network, share, support </li></ul>
  15. 15. The Big Opportunity <ul><li>The US won’t have access to Mega-band for a long (long) time </li></ul><ul><li>We are also years behind on cell phone infrastructure, products and services </li></ul><ul><li>It will therefore be challenging for us to invent the generation of applications and services that will leverage mega-band </li></ul>
  16. 16. Thank You!

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