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Jeff Lynn - Seedrs - UK - Equity Crowdfunding in Europe - Stanford Engineering - Feb 10 2014

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Jeff Lynn - Seedrs - UK - Equity Crowdfunding in Europe - Stanford Engineering - Feb 10 2014

  1. 1. Fuelling  Great   European   Startups       Jeff  Lynn  |  CEO  and  Co-­‐Founder   Seedrs     Stanford  Engineering   European  Entrepreneurship  &  Innovation   February  10  2014    
  2. 2. About  Me     •    •  CEO  and  Co-­‐Founder  of  Seedrs   Non-­‐Executive  Director  of   Companies  House   •  Founding  Chairman  of    The   Coalition  for  a  Digital  Economy   •  Former  M&A/securities  lawyer   with  Sullivan  &  Cromwell  LLP   (New  York  and  London)  
  3. 3.   The  leading   European  platform   for  discovering  and   investing  in  great   startups    
  4. 4. Seedrs  Overview     Entrepreneurs  can  raise  seed  and   early-­‐stage  investment  from  friends,   family,  angels  and  their   communities.     Investors  can  invest  from  £10  up  into   the  startups  they  choose.     We  act  as  nominee  to  ensure   investors  are  protected  and   entrepreneurs  aren’t  burdened  with  a   huge  cap  table.     Our  fees  are  success-­‐based:  7.5%   commission  on  funding,  7.5%  carry   on  profit.  
  5. 5. Our  Activity     •  65  deals  to  date   •  £6.1M  ($10M)  raised   though  us   •  £94K  ($154K)  avg.  deal   •  24  avg.  days  to  fund   •  115  avg.  investors  per   deal   •  £703  ($1,153)  avg.   investment   Net  Investments     $5,000,000     $4,500,000     $4,000,000     $3,500,000     $3,000,000     $2,500,000     $2,000,000     $1,500,000     $1,000,000     $500,000     $0     H2  2012   H1  2013   H2  2013  
  6. 6. Case  Study:   Future  Ad  Labs       Raised  £60K  ($98K)     from  70  investors.     Pioneering  a  new  age  of   CAPTCHAs  that  are   Engaging,  Simple  &  Secure.     Has  since  raised  top-­‐tier     VC  round.    
  7. 7. Case  Study:   Mikes  Fancy   Cheese     Raised  £80K  ($131K)   from  98  investors.     Creating  Northern  Ireland’s   first  raw  milk,  artisanal,   blue  cheese  for  direct  and   wholesale  distribution.  
  8. 8. Case  Study:   Happy  Days  –  A   New  Musical     Raised  £250K  ($400K)     from  336  investors.     26-­‐week  UK  theatre  tour  for   original  musical.     First  major  theatre   production  to  raise  online   equity  crowdfunding.  
  9. 9. Our  Advisory   Board   James  Alexander  -­‐  Co-­‐founder  of   first  major  peer-­‐to-­‐peer  lending   platform,  Zopa       Mike  Butcher  –  Editor-­‐at-­‐Large  of   TechCrunch     Dale  Murray  CBE  -­‐  Investor  and   entrepreneur  ,  British  Angel   Investor  of  the  Year  (2011)     Todd  Ruppert  -­‐  Former  CEO  &   President  of  T.  Rowe  Price  Global   Investment  Services     Ralph,  Lord  Lucas  -­‐  Member  of   the  House  of  Lords    
  10. 10. Our  Funding   History     •  2009-­‐2011:  £350K  ($575K)  in   pre-­‐seed  capital  (before  FSA   authorisation)  from  friends,   family  and  small  angels     •  2012:  £1.1M  ($1.8M)  in  seed   capital  for  launch  from   finance  and  tech  angels     •  2013:  £2.6M  ($4.3M)  crowd   round  after  18  months  from   909  customers,  angels  and   funds  
  11. 11. Equity  Crowdfunding   Will  Thrive  In  Europe     •  Growth  in  entrepreneurship   •  Geographic  dispersion  (hubs)     •  Global  reach  and  mindset   •  Characteristics  of  capital  and   investors  
  12. 12. Timing  Is  Right  For   Entrepreneurship   In  Europe     •  Technology:  High  online  and   mobile  adoption.   •  Economic:  Financial  crisis   leading  talented  people  to  create   their  own  value.   •  Cultural:  Successes  being   celebrated.  Failure  being   embraced.  
  13. 13. We  Have  Multiple   Startup  Hubs…     •  Dozens  of  tech  clusters  are   developing  rapidly  throughout  the   continent  –  each  with  their  own   unique  fabric.   •  Increased  interconnectivity  –   “cluster  of  clusters”.   •  Easy  for  entrepreneurs  to  travel   and  network  with  other  hubs.       •  More  accelerators  and  support  for   entrepreneurs.  
  14. 14. …and  Each  Has  its   Unique  Value     •  London  –  Fintech  and  media  capital   of  the  world,  favourable  tax  regime.     •  Stockholm  –  Thriving  digital  sector   and  large  population  of  early-­‐ adopters.   •  Berlin  –  Affordable  talent  and  real   estate;  high  concentration  of   accelerator  programmes.   •  Barcelona  –  Climate,  culture  and   universities  draw  global  tech  talent.  
  15. 15. Small  Countries   with  a  Global  Reach   And  Mindset       “We  didn’t  think  about   one  market  —  the  world   is  our  market.”     Niklas  Zennström,  Skype  co-­‐ founder  
  16. 16. A  Different   Approach  to  Capital     •  Less  intensive  concentrations   of  angel  investors  and  high-­‐ net-­‐worth  individuals   •  Significant  mass  affluent  base   of  capital   •  Regulatory  environment  more   open  to  innovative  forms  of   investing  
  17. 17. Europe  Is  Ablaze   With  Great   Startups…and   Seedrs  is  Fuelling   Their  Growth       jeff.lynn@seedrs.com   @jeffseedrs   @seedrs   seedrs.com  

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