idcee - models of early stage funding
Post on 14-Sep-2014
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DESCRIPTION
A presentation on the currently prevailing modes of seed funding in Europe and the US for the IDCEE in Kiev, November 29th, 2010.TRANSCRIPT
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Capacity Building for Europe’s Next Generation Technology Entrepreneurs
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Who is this guy?
Philipp Moehring@pmoehring
Associate at Seedcampportfolio management, organization, events,
general tidying up
Biz head, startup heartbusiness education, experience in startups, tech,
venture capital
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What is Seedcamp
A micro-seed fund that enables talent across every part of Europe to start up strong internet
technology companies.
Recognized as a leading platform bringing together tech entrepreneurs and mentors across Europe, US,
Africa, and Asia
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Mini Seedcamps
TEAMS
PROPRIETARY CRM
DATABASE
LUNCHES, DINNERS WITH
MENTORS
DEMOINVESTOR,
BROAD INVESTOR DAYS
4 person team running it
TRIP TO VALLEY AND
CONFERENCES
20+
MENTORS300
INVESTMENTS11
EQUITY
8%-10%SHORTLISTED
MINI SEEDCAMPTEAMS
PROPRIETARY APPLICATIONS AND JUDGING
SYSTEM
ISRAEL, PARIS, LONDON, WARSAW, BERLIN, SWEDEN, LJUBJANA, KIEV
STARTUPS220
LOCAL ADVISORS700+
MENTORS600+
Investment
SeedcampWeek
3 Months Mentoring
A year-long program supporting seed stage start ups in Europe
FUNDING€50K
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33 companies across 17 geographies
Kyko
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New models of seed investing
Start ups are cheaper
More folks with experience & network
Quite a compelling job
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Who has seen this?
FFF “proper VCs”Angels
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So what’s happening?
FFF “proper VCs”Angels
Super Angels
Growth Funds
VCs’ Seed funds
Builders
Incubators
PPP/GovMicro Seed
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FFF
Friends, Family and others
Always been there
Won’t go away
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Builders & Incubators
Involved in ideation
Take large stakes (not all!)
Added benefits (corp, dev, etc)
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Angels
Experienced individuals
Giving back
Not a full time job
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Super Angels
Experienced individuals
OPM – other people’s money
Definitely a full time job
Lots and lots of deals
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VCs’ seed funds
Carve outs
Get in on the action
Signaling problem?
Adding value & easing follow on
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But: we’re all friends
Everybody can play together
More deals = more opportunity
Everybody does play together
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Why?
Earlier proof points easy to reach
Smaller exits and profitable companies
Inefficient markets allow for specialisation
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Results
More start ups
Smaller exits in untraditional ways
More movement, more entrepreneurs
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Where is Seedcamp in this
All shapes and sizes
Follow on by angels, super angels, VCs, PPP, international investors, bootstrapped
Scaling acceleration across Europe and US
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Secret Sauce
Deal sourcing at scale
Investing at volume
Building globally
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Get in touch
Follow us: facebook.com/seedcamp and @seedcamp
@pmoehring and pmoehring.de
www.seedcamp.com