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The Story of Skype (Stanford 2009)
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The Story of Skype (Stanford 2009)

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Seminar description: Private - Public Models of Innovation & Entrepreneurship in Europe. …

Seminar description: Private - Public Models of Innovation & Entrepreneurship in Europe.
Our final Winter Quarter session will explore private vs. public models of innovation and entrepreneurship using Skype and the Danish government's Mindlab as examples.

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    • 1. The Story of Skype Sten Tamkivi, Chief Evangelist European Entrepreneurship and Innovation Thought Leaders , Stanford University, March 9th , 2009
    • 2. Skype – The European Innovation Success Story
    • 3. Enabling the world’s conversations Voice Video Data IM SMS Identity
    • 4. Over 25% of call minutes carry video 28 Languages Available in nearly every country on E arth 8% of world’s calling minutes* *Source: Telegeography 08 30% of users use Skype for business purposes 100 Billion Skype-to-Skype Minutes as of Feb ‘08 405 Million Global Users
    • 5. How it all started
      • Founded in 2003
        • Founders: Niklas Zennström (Sweden), Janus Friis (Denmark)
        • Founding engineers: Jaan Tallinn, Ahti Heinla, Priit Kasesalu, Toivo Annus (Estonia)
        • Headquartered in Luxembourg, the largest office has always been in Estonia.
      • Financing
        • DraperCo seed round before product launch
        • Launch and initial pickup attracted top VC names: DFJ, Mangrove, Bessemer, Index
        • 2005 acquisition by eBay Inc
        • US$ ~.5B revenues and 2 years of profitability in 2008
    • 6. Global VS Local
      • Global mindset from day 1
        • First 6 employees from 4 nationalities
        • First 600 employees from ~40 nationalities
      • Leveraging local qualities
        • Estonia – small and efficienct
        • Europe – cultural diversity
    • 7. Impact to Estonia and Europe
      • Proof of potential and role model
        • European entrepreneurship elevated in last few years through Skype, Last.fm, MySQL...
      • Direct spillover effects
        • Experienced, networked and funded talent
      • Giving back to the society, governments: “What do we need to do to have 10 more Skypes?”
        • Education
        • Economic environment and regulation
    • 8. Thank you Skype:sten

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