9. Yes, Europe is the source of many
global leaders
8 European Start-ups generated c.$25bn of value* over the last 10 years
• Enterprise software
• Exit price : $6.5 billion (IPO) • Music recognition mobile app
• Acquired by HP for $10.2 • Estimated valuation: $1 billion
billion
• Exit price: €2 billion (eBay) • Mobile gaming company
• Spun out and reacquired by • Estimated valuation: $1.2
Microsoft for $8.5 billion billion
• Worldwide gaming portal • Online dating service
• Estimated valuation: $600 • Current valuation: $360
million million
• Music streaming software • Private-sale online retailer
• Estimated valuation: $1 • Estimated valuation: $3.0
billion billion
9
*THESE VALUATIONS ARE ROUGH ESTMATIONS AND SHOULD NOT BE CONSIDERED AS THE EXACT VALUES OF THE PRESENTED COMPANIES
10. Putting this in context
$25bn of Value Generated by 8 Companies
Reasonably assume that 50% of Equity is
Owned by Founders and Management Team
Yes, that is $12.5bn going to the
entrepreneurs!
10
11. So, what makes Europe so
successful?
Evolution of the European ecosystem
Emergence of serial, experienced
entrepreneurs
Global leading companies coming from
Europe and generating substantial returns
European start-ups going international
US VCs investing in Europe
12. A new ecosystem is emerging in
Europe
The emergence of serial
entrepreneurs
… helping to create Higher quality … supported by high
the new generation of companies profile, experienced
successful . angel and seed
entrepreneurs Higher returns funding…
… while major events and
groups are nurturing the
ecosystem…
1
13. The emergence of serial
entrepreneurs
The vibrant entrepreneurial ecosystem in Europe is
led by serial and experienced entrepreneurs:
Niklas
Zennstrom
Lukasz
Gadowski
Brent
Hoberman
Marc
Simoncini
14. Supported by high profile,experienced
angel and seed funding…
Giuseppe Nenad Niklas Lukasz Brent Lars Xavier Marc Stefan
Zocco Marovac Zennstrom Gadowski Hoberman Hinrichs Niel Simoncini Glaenzer
1996 2000 2006 2008 2009 2010 2011
16. … while major events and groups
are nurturing the ecosystem…
SEEDCAMP DLD
LeWeb Paris
17. … helping to create the new generation
of successful entrepreneurs
A new wave of young and talented
European entrepreneurs:
Hi! I Am Hej jag är
Alexander Jacob de
Ljung Geer
Hej jag är Hallo ich
Daniel bin Dirk
Ek Graber
18. The Top US VCs have now accepted that
Europe is a great place to start a company
Bessemer, KPCB, Sequoia and Union Square Venture
have all invested in European start-ups, including:
19. Such an ecoystem has enabled European
start-ups to conquer the world…
84m+ tags per month 500K+
Shazam for TV – Partnered with 50% of Fon Hotspots
Super Bowl Advertisers
100m+
Stardoll by barbie downloads of
$20.99 retail price “Angry Birds”
50% of Kids Aged
2m+ app downloads 6-12 have adopted
Diadmond Dash
on mobile devices a pet
featured in 14/19 app
stores in Africa
20. So where is the action?
Legend
> $1bn Valuation at 1st exit
A = Acquired;
>$100m I = IPO
P = Potential Exit
Potential
($100m or more)
21. Where is Europe Leading the Way?
MUSIC Games
E-commerce Software
22. Consumer Digital Media Trends
The “App-economy”
Revenue from major app stores grew from $830 million in 2009
to an estimated $5.6 billion in 2012
23. Consumer Digital Media Trends
Mobile Games
1 billion downloads
50m Angry Birds Space
downloads in 35 days
Gamers play Angry Birds 200 million minutes
per day!
16 years of gameplay every hour!
Reported valuation of $1 billion+
24. The market for start-ups in Europe has
never been better
High quality Market ready
entrepreneurs Smart Money for success
and ecosystem stories
24
