Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014

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Estonian Business Angels Network (EstBAN)

Estonian Business Angels Network (EstBAN)

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  • 1. Signe Viimsalu CEO Estonian Business Angels Network European Entrepreneurship & Innovation Thought Leaders Stanford Engineering January 13, 2014
  • 2. EUROPE IN 2012: 5,1bln EUR invested by angels vs 1,9 bln EUR invested by VCs 19% visible angel market growth 460 BANs identified 260,000+ business angels operating through BANs www.eban.org
  • 3. EUROPE IN 2012: almost 3000 companies financed almost 18000 jobs created for every 100 BAs - 16 companies got funded fastest growing markets = Finland, Ireland and Turkey www.eban.org
  • 4. What’s happening in Estonia?"
  • 5. EstVCA investing members in 2012: 7461   employees   Buyout   10   € 192  m Funds  under  management   Expansion   8   Growth   20   Sector  distribu8on   IT  20   Business  &  Industrial  Services  10   Consumer  Services  13   Computer  &  Consumer  electronics  8   Business  &  Industrial  Products  7   Life  Sciences  7   CommunicaSons  6   Energy  &  Environment  5   Seed   14   *2360  in  Estonia  (32%)   Turnover   82 Por$olio     companies   621m     Startup     23   Headquarters   Early  Growth   7   www.estvca.ee *  378m  in  Estonia  (61%)   Estonia  40   Latvia  13   Lithuania    8   USA  7   Finland  3   UK  3   Singapore  2   Other  6  
  • 6. EstVCA vision for year 2020 € SEED   EstVCA members = 1 billion under management VC   €  100m   FoF   €  200m   PRIVATE  EQUITY  /  MEZZANINE   €  700m       Baltic  Innovation  Fund  I,  II  
  • 7. What’s so special about EstBAN?
  • 8. A shared experience is the best experience!"
  • 9. EstBAN is: " *the 1st BAN in Estonia *established in late 2012 & proactive since March 2013 *1st umbrella organization in Europe established only by private individuals *full member of EBAN and EstVCA since April 2013 *partnering with FiBAN & SoBA
  • 10. In 2013 we have invested in
  • 11. Membership – NOT ONLY FROM ESTONIA!!! http:// www.estban.ee/forinvestors/members
  • 12. We don’t care which phone you use. The passion & ability to invest in startup – that’s what matters!
  • 13. Each new applicant must have a recommendation of two existing members
  • 14. Where to invest? STARTUPS – http:// www.estban.ee/forentrepreneurs/apply
  • 15. Founders commitment & TEAM"
  • 16. Super" stuff"
  • 17. How to use Estonia for investing? http:// www.financeestonia .eu/why-estonia/
  • 18. Invest through Estonian Company." Collect dividends to an Estonian Company." Dividends collected from your investment are not taxed until distributed." Redistribution of dividends received is often exempted from Corporate Income Tax. No withholding tax (more favorable than Payment Services Directive)." Thus, the total cost of passthrough dividends is often the tax paid at the source country." " Shareholders " Dividends Estonian Company Dividends (holding at least 10% + some other criterias) Investment
  • 19. Estonian Company could be used successfully as an intermediary for cross border financing." Payments collected to Estonian Company are not taxed until distributed." Interest payments from Estonian Company to overseas are not subject to taxation and withholding in Estonia unless exceed arm’s length interest (more favorable than Interests & Royalties Directive)." There are no thin capitalization rules." ." Financing company " " Repayment + Loan Interest Estonian Company Investment Payment Other Group companies
  • 20. In conclusion… http://www.estban.ee/events Estonian ICT Week & Latitude59.eu in April, 28-29 http://estonia.eu/ictweek/ FinanceEstonia 2nd International Forum in June, 17-18 http://www.financeestonia.eu/summary/
  • 21. Thank you& welcome to Est(BAN)onia! Skype:signeviimsalu www.estban.ee signe@estban.ee