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Russian Startup Story

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Mindtrek Tampere October 2008

Mindtrek Tampere October 2008

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  • 1. The Russian Startups Story Gleb A. Kaplun Tampere 7.-9.10.2008 Etera JSC Russia Web2People
  • 2. What’s all around the seed-funding? Best European and US-practice
  • 3. Venture Capital, Mergers Angels, 3F Seed Capital & Acquisitions, Alliances Public Company Early Stage Revenue Later Stage IPO Valley of Death Time
  • 4. All trademarks and registered trademarks are the property of their respective owners.
  • 5. All trademarks and registered trademarks are the property of their respective owners.
  • 6. All trademarks and registered trademarks are the property of their respective owners.
  • 7. Russia: Total Area: 17,075,200 sq km (approximately 1.8 times the size of the US, 50 times the size of Finland) Population: 140,702,096 people (approximately 2 times less than the population of the US) Source: CIA Fact Book, Wikipedia; Image Source: Wikipedia
  • 8. Russia Today: The “Moscow City” 12 mln citizens officially
  • 9. Russia Today: The “Gazrpom City / Okhta-Center” in St.Petersburg (5 mln citizens officially) Source: Ohta-Center Web-site
  • 10. Penetration of Internet in Europe percentage of country population Source: “FOM - Internet in Russia / Russia in Internet - Spring 2008”
  • 11. Internet Users by Country in Europe million users Source: “FOM - Internet in Russia / Russia in Internet - Spring 2008”
  • 12. Russia Has Fastest Growth of Internet Population in Europe (Change from Sep 2006 to Sep 2007, %) Source: “Fastest Growing European Internet Audiences” - comScore, Inc., UK, Nov 2007
  • 13. What does any startup need? 1. The Big Market 2. A Rich Customer
  • 14. What’s up in Russia Is the Russia on the same plate
  • 15. Most of Russian services are focused on internal market and speak only Russian
  • 16. The Russian web-developers are focused mainly on the internal “RuNet” projects Some of them are copies...
  • 17. How does .com become .ru? .COM .RU
  • 18. Copycats ODNOKLASSNIKI.RU VKONTAKTE.RU
  • 19. www.classmates.com / www.odnoklasniki.ru
  • 20. www.classmates.com / www.odnoklasniki.ru
  • 21. www.facebook.com / www.vkontakte.ru
  • 22. www.facebook.com / www.vkontakte.ru
  • 23. RuTube is a Russian video sharing site inspired by YouTube. As of March 2008, it has 400,000 daily users and more than 40 million video views a month. Founded in 2006 Acquired by Gazprom Media for $15 mln in 2008 Source: CrunchBase All trademarks and registered trademarks are the property of their respective owners.
  • 24. Ozon is a Russian biggest internet retailer inspired by Amazon.com. As of July 2008, it has 2 400,000 users and more than 30 million page views a month. Founded in 1998 by Reksoft in St.Petersburg Source: Ozon’s corporate site All trademarks and registered trademarks are the property of their respective owners.
  • 25. Russian Internet Industry Leaders - The Big Three - Yandex is the russian flagship search engine and the russian internet industry leader which accounts for approx. 54% of all russian search traffic. Generates 920 million search results pages monthly. Private, Launched in 1997, Profitable Source: Wikipedia, Yandex All trademarks and registered trademarks are the property of their respective owners.
  • 26. Russian Internet Industry Leaders - The Big Three - Usage % of total users Users frequency in Russia Monthly 13.55 mln 30.1% Weekly 10.52 mln 23.4% Daily 5.56 mln 12.3% Source: TNS Gallup All trademarks and registered trademarks are the property of their respective owners.
  • 27. Russian Internet Industry Leaders - The Big Three - Mail.ru is the largest free e- mail service in Russia and a number of co-branded services @ 42 millions unique users monthly Founded in 2001 Public company Source: Wikipedia; Alexa All trademarks and registered trademarks are the property of their respective owners.
  • 28. Russian Internet Industry Leaders - The Big Three - Usage % of total users @ Users frequency in Russia Monthly 13.50 mln 30.0% Weekly 10.43 mln 23.2% Daily 5.85 mln 13.0% Source: TNS Gallup All trademarks and registered trademarks are the property of their respective owners.
  • 29. Russian Internet Industry Leaders - The Big Three - Rambler is the second largest search engine in Russia and the third internet portal in russian. Owned by Rambler Media (Prof Media) Founded in 1996 Begun is a part of Rambler Media and the leading context advertising service in Russia was acquired by Google for $140 mln Source: Wikipedia All trademarks and registered trademarks are the property of their respective owners.
  • 30. Russian Internet Industry Leaders - The Big Three - Usage % of total users Users frequency in Russia Monthly 8.73 mln 19.4% Weekly 5.85 mln 13.0% Daily 2.77 mln 6.2% Source: TNS Gallup All trademarks and registered trademarks are the property of their respective owners.
  • 31. Top 15 Russian Web Properties by Audience Reach (Total Russian Federation, Age 15+) Reached percentage Source: “comScore World Metrix” - comScore, Inc., UK, Feb 2007
  • 32. Top 15 Russian Web Properties (Total Russian Federation, Age 15+) Average Minutes per Visitor (Total is 1078 min) Source: “comScore World Metrix” - comScore, Inc., UK, Feb 2007
  • 33. Top 15 Russian Web Properties (Total Russian Federation, Age 15+) Average Minutes per Visitor (Total is 1078 min) Source: “comScore World Metrix” - comScore, Inc., UK, Feb 2007
  • 34. 694 Million People Currently Use Internet Worldwide According To comScore Networks 181 Million Sites all over the Internet Source: comScore, Inc.; NetCraft
  • 35. No more social network or social bookmarking tool needed! The new ideas matters! Source: comScore, Inc.
  • 36. Thank You! Gleb A. Kaplun http://www.linkedin.com/in/lithfin www.web2people.net

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