Keynote - Red Herring Top 100 Europe

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Keynote - Red Herring Top 100 Europe

  1. Beyond Recession... ...why NOW is Good for Entrepreneurs. Christophe F. Maire Head of Maps & Explore, Nokia Services Red Herring Europe 100 Berlin, 1. April 2009 00 © 2009 ChM
  2. A word about the both of me... Partner Atlantic Ventures - company Nokia - Head of Maps & Explore unit n n building since 1999.. – Nokia Maps – up-selling navi model – Focus on original ideas / technology – 2007-- successful gate5 integration – (mostly) Berlin-based ventures – Growing fast - 250 employees in Berlin – Disruptive consumer internet models – Strategic - 5bn Navteq acquisition in 08 – Involvement in few (hopefully) great V. Founder gate5 (1999-2006) n – Led comp through ups & downs – Financing rounds in 2002/2003 – Best returns for investors funds Media Wedding Disclaimer: the following presentation reflect personal views / do not engage in any way my current employer! 11 © 2009 ChM
  3. Recession Brings Out The Entrepreneurs § Venture Capital Loves Disruptive Times § The GOOD, The BAD About Current Environment § Some Thoughts On Mobile Opportunities § More Reasons To Rejoice About Consumer § Internet 22 © 2009 ChM
  4. A us Datenschutzgründen wurde das automatische Herunterladen dieser externen Grafik v on PowerPoint v erhindert. Klick en Sie auf der Statusleiste auf 'Optionen', und k lick en Sie dann auf 'Externe Inhalte ak tiv ieren', um diese Grafik herunterzuladen und anzuzeigen. Last Week-End In Berlin... 33 © 2009 ChM
  5. Entrepreneurship As An Answer To The Crisis Entrepreneurs drive change one disruptive § company at the time.. Create discontinuity, Break monopolies Biz model innovation Res. allocation Venture Entrepreneurs create value to be § redistributed.. Addresses future issues (electric car..) Create new type of jobs Venture Capital has always been a source of § good.. Is per definition social and egalitarian Success of first generation émigrés Stimulus Package typically go toward “old industries”; A plan backing Venture Capital would be nice.. 44 © 2009 ChM
  6. Plus, as a Bonus, Entrepreneurship Will Make You Happy! “Every Individual Is Now An Entrepreneur.” Reid Hoffman, Founder LinkedIn 55 © 2009 ChM
  7. Doom.. 66 © 2009 ChM
  8. Yes, Negative GDP = Recession OECD Interim Economic Outlook – 31 March 2009 77 © 2009 ChM
  9. Tech Sector Showing Downward Trend As Well -- Though Still Not As Bad As 2001/2002 88 © 2009 ChM
  10. Some BAD Things About The Recession... 1. Valuations are LOW* Still raise as much you can, Spend less 2. Can’t raise ANY money Adapt plan, Keep trying, Monetize earlier 3. There are NO exit (this year) Solving hard problems will always be rewarded Think 2011 and beyond * Non scientific, empiric research ca. 60% of same time last year 99 © 2009 ChM
  11. More BAD Things About The Recession... “Great Plan – but right now our fund is re- re- focusing on later stage please think about us stage, when you are further (aka profitable)” Unnamed VC = a bad case of negative exuberance 10 © 2009 ChM 10
  12. Some GOOD Things About The Recession... 1. No one expects 10x after 10 month Call this the “StudiVZ syndrome” Fact is, It takes 3-5 years to build a real company 2. No 5 teams popping up trying to copy you Because VC will back less copycats Gives you time to build sth while under the radar 3. You will find the best people “Risk of startup life” very relative when GM bankrupts Reward of being a change agent attract the best 11 © 2009 ChM 11
  13. Recession Brings Out The Entrepreneurs § Venture Capital Loves Disruptive Times § The GOOD, The BAD About Current Environment § Some Thoughts On Mobile Opportunities § More Reasons To Rejoice About Consumer § Internet 12 © 2009 ChM 12
  14. Recession Brings Out The Entrepreneurs § Venture Capital Loves Disruptive Times § The GOOD, The BAD About Current Environment § Some Thoughts On Mobile Opportunities § ...And Some More Reasons To Rejoice § About Consumer Internet 15 © 2009 ChM 15 © 2008 Nokia
  15. Recession Does Not Kill EVERYTHING... ...Mobile Phone & Internet Access will be the last ones to go! 16 © 2009 ChM 16
  16. Education Re-Visited Where institutions partly leaves gaps.. ..A new breed of entrepreneur moves in and innovates. Market is huge, socially relevant and crisis-proof Academic Earth 17 © 2009 ChM 17
  17. Monetization of Social Networks 18 © 2009 ChM 18
  18. Online Gaming Keeps Growing >20% per Year Worldwide Massively multiplayer online games (MMOGs) Industry Revenue in m$: 2006 - 2011 * * * Source: DFC Intelligence ‘The Game Industry in Transition’, 2006 * Estimations 19 © 2009 ChM 19
  19. TV Moves To The Web.. Forever Global Consumer Internet Traffic Forecast Source: Cisco, 2008 TV In 2012, Internet video consumption Magnet will make up nearly 50 percent of the total consumer internet traffic 20 © 2009 ChM 20
  20. Real Simple Hardware (And Web-service Attached) “Dumb Tech” simplified one-function only devices... Convergence of Networks vs. Divergence of Devices.. Model: service attached to a device 21 © 2009 ChM 21

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