Presented at Startup Istanbul - September 30th, 2014

1. STARTUP HERE
STARTUP NOW
VITALY M. GOLOMB - @VITALYG
SEPT 30th, 2014

2. +Investor
CEED.VC

3. WHY HERE?
WHY NOW?

4. EUROPE PRODUCES HIGHER
VENTURE EXIT MULTIPLES THAN U.S.

5. EUROPEAN EXIT ARE 25% SMALLER, BUT…
ENTRY VALUATIONS ARE 3-4X LOWER

6. EUROPE PRODUCES
1/2 AS MANY EXITS AS U.S.
AND 1/3 OF $100M+ EXITS
WITH ONLY 20% OF U.S. VC

7. MEDIAN CASH-ON-CASH
$100M+ EXIT MULTIPLE
4.5X
US
7.2X
EUROPE
2005-2011 SOURCE: EARLYBIRD, DOW JONES VENTURE SOURCE

8. WHY STARTUP?

9. so what THE F***
is a startup?

10. A STARTUP IS...
an experiment in search
of a business model
- steve blank

11. WHO IS THE CUSTOMER?
WHAT IS THE PROBLEM?

12. PAIN KILLER
NOT VITAMIN

13. MAKE IT (CAPTAIN)
OBVIOUS

15. how is it currently
being solved?

16. no competitors
=
no problem
=
no market

17. HARD? EXPENSIVE? SUCKS?
HOW ARE YOU DIFFERENT
AND BETTER?

18. F’IN

19. AND GROWING FAST

20. main ingredient: team

21. BUSINESS with domain expertise
DESIGN ENGINEERING
balanced startup team

22. what is your
unfair advantage?

23. LOOKING FORWARD

24. WIN YOUR HOME
1MARKET FIRST

25. support/mentor
2the next generation

26. help build
the ecosystem
www.goo.gl/Y2nOL2
3
source:

27. want theSE slides?
follow @vitalyg

28. one more thing…

29. coming in 2015
download
1st chapter
free now
www.founderco.com
@vitalyg