21 22 november€¦ · lack of venture capital non-nordic top funds who invested in the nordics...

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Page 1: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

1

21 – 22 NOVEMBER

Page 2: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

WE BELIEVE THAT ENTREPRENEURSHIP IS ONE OF THE MOST EFFICIENT WAYS OF CHANGING THE

WORLD.

Page 3: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

Therefore, we aim to

1) Help founders2) Create more founders3) Inspire founders to tackle meaningful problems

Page 4: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

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World’s leading startup and technology event brings together founders and tech talent to meet with top-tier international

investors, executives, and media.

Slush is a not-for-profit event organized by a community of entrepreneurs, investors, and students.

Page 5: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

5

Attendee

Startup

Volunteer

InvestorMedia Speaker

+ 130 COUNTRIES

Page 6: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

Apart from the main event in Helsinki, other major Slush events are organized by local communities in Japan and China. All events gather around 50,000 people from their local communities and the surrounding region.

6

Page 7: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

HOW DID WE GET HERE?

Page 8: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates
Page 9: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates
Page 10: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

2008

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 11: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 12: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

ORIGINAL PROBLEMS IDENTIFIED

Attitude & Culture towards entrepreneurship

Knowledge, skills & passion

Lack of international venture capital

Page 13: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

ORIGINAL GOALS OF SLUSH

Building a radically positive culture of entrepreneurship

Profiling the Nordics as one of the major tech hubs globally and creating talent to build scalable businesses

Making venture capital more accessible

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 14: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

ENTER: YEARS OF SCALING2011-2018

ATTENDEES

500

20,000

STARTUPS

100

3,200

INVESTORS

40

1,800

Students took over organizing Slush.

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 15: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

WHERE HAS THAT GOT US?

Page 16: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

1. ATTITUDE & CULTURE

1

%

40%

Sources: ETLA, TAT

FINLAND

2000 2017

FINNISH HIGH SCHOOL – UNIVERSITY STUDENTS: I WOULD LIKE TO START A COMPANY

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 17: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

2. KNOWLEDGE & SKILLSA SELECTION OF COMPANIES FOUNDED BY SLUSH & AALTOES ALUMNI OTHER SPIN-OFFS

Slush Shanghai, Singapore, TokyoSlush Y Education, Slush Y Science etcSlush AcademySlush MediaSlush Research

BOOKS!

FINLAND

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 18: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

40150

235

744 777

1134

1584

1800

2011 2012 2013 2014 2015 2016 2017 2018

INVESTORS AT SLUSH

3. LACK OF VENTURE CAPITAL

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 19: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

INVESTMENTS INTO FINNISH STARTUPS HAVE GROWN 5X AND GRADE WELL EUROPE-WIDE

Source: FVCA

3. LACK OF VENTURE CAPITAL

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 20: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

LACK OF VENTURE CAPITALSource: Nordics.vc

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 21: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

LACK OF VENTURE CAPITALSource: Nordics.vc

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 22: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

LACK OF VENTURE CAPITALNON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011

Source: Pitchbook, Crunchbase

Sequoia CapitalNew Enterprise AssociatesIntel CapitalAccelSOSVKleiner Perkins Caufield & ByersRight Side Capital ManagementBessemer Venture PartnersDFJIndex VenturesGoldman SachsGreylock PartnersAndreessen Horowitz

Khosla VenturesBattery VentureGVAtlas VentureHigh-Tech GründerfondsKima VenturesRRE VenturesTrue VenturesGreycroftLerer HippeauFounders FundBDC Venture CapitalFelicis Ventures

FundersClubInternet Initiatives DevelopmentFund (IIDF)Data CollectiveInsight Venture PartnersPartechVersant VenturesSeedcampComcast VenturesDreamite.venturesIVP (Institutional Venture Partners)Balderton Capital

CrunchFundBusiness Growth FundDraper AssociatesSofinnova VenturesGlobal Founders CapitalEight Roads VenturesSofinnova PartnersLocalGlobe83NorthWellington PartnersNovartis Venture FundEarlybird Venture Capital

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 23: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

2019

Page 24: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

WHAT REMAINS TO BE SOLVED?3 Problems:1. Attitude & culture towards entrepreneurship2. Knowledge, skills & passion3. Lack of international venture capital

3 Goals:1. Building a radically positive culture of entrepreneurship2. Profiling the Nordics as one of the major tech hubs globally and creating

the talent to build scalable businesses3. Making venture capital more accessible

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

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ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 26: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

The availability of skilled talent for rapidly growing teams

Access to advice, particularly for later stage ventures

A culture of entrepreneurship that attracts a more diverse group of people

26

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

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ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 28: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

The availability of skilled talent for rapidly growing teams

25 000 ATTEENDEES INTO TECH

MATCHMAKING RECRUITING

FEATURE

FOCUSED SIDE-EVENTS

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 29: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

Access to advice, particularly for later stage ventures

STAGE PROGRAM, OUR OWN

MEDIA

+ ALL SPEAKERS GIVE 1 HOUR

OF THEIR TIME FOR

MENTORING FOUNDERS

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

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A culture of entrepreneurship that attracts a more diverse group of people

CREATING DIFFERENT ROLE

MODELS

THROUGH STAGE PROGRAM &

OUR OWN MEDIA

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 31: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

PRESENT MOMENT:

WE HAVE A NEW SHIFT HAPPENING,

WHICH WE WANT TO DRIVE

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

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ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 33: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

COMPANIES MUST CONSIDER THEIR TOTAL IMPACT

A shift from shareholder thinking to stakeholder thinking is happening

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 34: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

C o n t i n u i n g t o “ b o o s t ” e n t r e p r e n e u r s h i p

+

S h a p i n g t h e p e r c e i v e d c o m p a n y i d e a l

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 35: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

We want to see a world where building world-changing companies is attractive, cool and the resources are easily

available.

ROOTS | PAST GOALS & PROGRESS | NOW | FUTURE

Page 36: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates
Page 37: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

To have significantly higher chances of solving some of the most difficult challenges of our time, we need to

1) Help founders2) Create more founders3) Inspire founders to tackle meaningful problems

Page 38: 21 22 NOVEMBER€¦ · LACK OF VENTURE CAPITAL NON-NORDIC TOP FUNDS WHO INVESTED IN THE NORDICS SINCE 2011 Source: Pitchbook, Crunchbase Sequoia Capital New Enterprise Associates

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21 – 22 NOVEMBERFOR MORE INFORMATION

Tommi BergströmHead of Research