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Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
Thoughts on European Start Ups
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Thoughts on European Start Ups

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  • Transcript

    • 1. Some thoughts on the European Venture scene Saul Klein [email_address] Web2Expo – Berlin October 22, 2008
    • 2. The weather looks pretty terrible right now
    • 3. No wonder Jason was getting depressed
    • 4. The Valley is seriously downbeat
    • 5. Though Dave McClure did shout out a “get over it”
    • 6. Fact is start ups are really tough
    • 7. You have no customers
    • 8. No money
    • 9. You and your team are fighting an imaginary war
    • 10. Armed just with some big ideas
    • 11. But hey, we’ve fallen from greater heights
    • 12. Founded IPO VC Some of the greats started in depressions
    • 13. Founded IPO VC >> ? Many major winners started during and after the last bubble
    • 14. Now the Internet is nearly 6x the size of 2001 Hosts
    • 15. How we spend our time online has shifted radically
    • 16. This shift will have big, long term repercussions 13 5 Mins/Visitor 583 125 Pages/Visitor 296 bn
      • bn
      Page Views 141 bn 159 bn Minutes Social 14 Big 3
    • 17. We’re living in a new technical world order
    • 18. Firefox has 42% market share!!!
    • 19. We now have substantial shared “public” resources
    • 20. New platforms are changing infrastructure and distribution costs
    • 21. Free resources exist to support and educate start-ups 8 hubs 80+ cities
    • 22. Boulder Leeds Utrecht Helsinki Hamburg Paris Belgrade
    • 23. We will almost certainly face severe and sustained recessions - 61% YTD - 63% YTD - 49% YTD - 40% YTD - 62% YTD - 56% YTD
    • 24. But where the Internet is used has changed dramatically – its not just the US anymore
    • 25. There is still a lot of capital to invest in Europe
    • 26. Capital will look to back people who understand the new reality
    • 27. Angels will retreat
    • 28. Raise enough capital. Stay Strong. Get Paying Customers. Cut costs. Get to break even Bootstrap Like Crazy. Focus. Don’t panic. Make products people want.
    • 29. Whatever works for you use it. Good luck
    • 30. Appendix Some interesting data….
    • 31.  
    • 32. Latest figures show European investment is going up
    • 33. Europe already had three $ bn investment hubs
    • 34. Why break-even and capital are important

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