Investing Globally The New Connectedness Jeff Clavier Managing Partner, SoftTech VC

Jeff Clavier SoftTech VC Business Angel Startup Advisor Hacked in C/C++, CTO/VP Engineering General Partner at Reuters Venture Capital Started investing in Web 2.0 3 years ago 20+ investments, 3 exits More: softtechvc.com, blog.softtechvc.com twitter.com/jeffclavier

SoftTech VC

Business Angel

Startup Advisor

Hacked in C/C++, CTO/VP Engineering

General Partner at Reuters Venture Capital

Started investing in Web 2.0 3 years ago

20+ investments, 3 exits

More:

softtechvc.com, blog.softtechvc.com

twitter.com/jeffclavier

SoftTech VC

Investing Globally The New Connectedness Jeff Clavier Managing Partner, SoftTech VC

Investing Globally The New Connectedness Jeff Clavier Managing Partner, SoftTech VC

Investing in Silicon Valley The New Connectedness Jeff Clavier Managing Partner, SoftTech VC

Investing in Silicon Valley building a part of The New Connectedness Jeff Clavier Managing Partner, SoftTech VC

Investing: 2004 vs.2007 2004 Cheap and available talent Lots of open opportunities Building next generation services and new markets Leveraging global broadband 2007 Very tight and expensive hiring Numerous “white spaces” overcrowded Mashing up services to deliver incremental (limited?) value Laughing at “US broadband"

2004

Cheap and available talent

Lots of open opportunities

Building next generation services and new markets

Leveraging global broadband

2007

Very tight and expensive hiring

Numerous “white spaces” overcrowded

Mashing up services to deliver incremental (limited?) value

Laughing at “US broadband"

Why I still invest in 2007 Still large pockets of capital efficient opportunities, and “offline” inefficiencies Increased monetization opportunities in the advertising market, and beyond Deportalization + new platforms = … “ The world needs…” That’s what I do 

Still large pockets of capital efficient opportunities, and “offline” inefficiencies

Increased monetization opportunities in the advertising market, and beyond

Deportalization + new platforms = …

“ The world needs…”

That’s what I do 

What defines the New Connectedness? New Experience Richer: quality/interaction Gaming as an interaction paradigm Shared Multi personal instantiation modality Blurring of online, offline and virtual “A bunch of me’s with Me in the middle” …across devices

New Experience

Richer: quality/interaction

Gaming as an interaction paradigm

Shared

Multi personal instantiation modality

Blurring of online, offline and virtual

“A bunch of me’s with Me in the middle”

…across devices

What defines the New Connectedness? My Web, My World, My Life Personalization will reach a point of total freakiness Content, Context, Location, Time, Behavior Across my me’s Automation pushed to the edge Robots, sensors and fulfillment Less Utility, More Entertainment

My Web, My World, My Life

Personalization will reach a point of total freakiness

Content, Context, Location, Time, Behavior

Across my me’s

Automation pushed to the edge

Robots, sensors and fulfillment

Less Utility, More Entertainment

The Global Opportunity

The “Global” Opportunity Silicon Valley has the most efficient startup/innovation ecosystem Global = SV > West Coast > East Cast > USA+Canada > China/India > Israel Investments in Europe ? Just a handful of exceptions Exits in Europe ? Anyone ?

Silicon Valley has the most efficient startup/innovation ecosystem

Global = SV > West Coast > East Cast > USA+Canada > China/India > Israel

Investments in Europe ?

Just a handful of exceptions

Exits in Europe ?

Anyone ?

What does it take for Europe to compete ? Success creates self-fulfilling prophecies New generation of angels Index Ventures is Sequoia, needs a Kleiner Perkins Forget local markets, build global and scalable Out-innovate, go for the throat, forget knock-offs Culture shift: celebrate success, accept failure, promote risk taking Network, share, support

Success creates self-fulfilling prophecies

New generation of angels

Index Ventures is Sequoia, needs a Kleiner Perkins

Forget local markets, build global and scalable

Out-innovate, go for the throat, forget knock-offs

Culture shift: celebrate success, accept failure, promote risk taking

Network, share, support

The Big Opportunity The US won’t have access to Mega-band for a long (long) time We are also years behind on cell phone infrastructure, products and services It will therefore be challenging for us to invent the generation of applications and services that will leverage mega-band

The US won’t have access to Mega-band for a long (long) time

We are also years behind on cell phone infrastructure, products and services

It will therefore be challenging for us to invent the generation of applications and services that will leverage mega-band

Thank You!