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2
© Lakestar 2011
3
© Lakestar 2011
4
© Lakestar 2011
–
Revenue (02-06)                             EBITDA (02-06)
                                         1.4 B   350                                340 M
 1400

                                                 300
 1200

                                                 250
 1000

     800                                         200

€M
     600                                         150


     400                                         100


     200                                         50

           8M                                          2M
      0                                           0
           2002     2003   2004   2005   2006          2002    2003   2004   2005   2006
PR


hhttp://media.nu.nl/m/m1fz047a09ne_396.jpgttp://
media.nu.nl/m/m1fz047a09ne_396.jpg
WHY LIST? – UNOFFICIAL VERSION
WHY LIST? – OFFICIAL VERSION


• Create Credibility

• Attract Talent

• Access to Capital Markets

• Founder Liquidity

• Attract Working Capital
WHY NOT?

            I PITY THE FOOL WHO DOESN’T:


           • Realise the amount of time
             and effort it takes to list

           • Understand the cost and
             imagination of bankers and
             lawyers

           • Prepare for the appetite of
             patent trolls
© Lakestar 2011   12

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42- Prime Ventures Presentation Noah Conference 2011