signe viimsalu - estban - estonia - stanford engineering - jan 13 2014
DESCRIPTION
Estonian Business Angels Network (EstBAN)TRANSCRIPT
Signe Viimsalu CEO
Estonian Business Angels Network European Entrepreneurship & Innovation Thought Leaders
Stanford Engineering January 13, 2014
EUROPE IN 2012:
5,1bln EUR invested by angels vs 1,9 bln EUR invested by VCs
19% visible angel market growth
460 BANs identified
260,000+ business angels operating through BANs
www.eban.org
EUROPE IN 2012:
almost 3000 companies financed
almost 18000 jobs created
for every 100 BAs - 16 companies got funded
fastest growing markets = Finland, Ireland and Turkey
www.eban.org
What’s
happening in Estonia?"
82 Por$olio companies
Turnover
621m * 378m in Estonia (61%)
7461 employees
€ 192 m Funds under management
*2360 in Estonia (32%) Seed 14
Startup 23
Early Growth 7
Growth 20
Expansion 8
Buyout 10
Headquarters Estonia 40 Latvia 13
Lithuania 8 USA 7
Finland 3 UK 3
Singapore 2 Other 6
EstVCA investing members in 2012:
Sector distribu8on IT 20
Business & Industrial Services 10 Consumer Services 13
Computer & Consumer electronics 8 Business & Industrial Products 7
Life Sciences 7 CommunicaSons 6
Energy & Environment 5 www.estvca.ee
EstVCA vision for year 2020 EstVCA members =
€ 1 billion under management SEED
€ 100m
VC
€ 200m
PRIVATE EQUITY / MEZZANINE
€ 700m
FoF Baltic Innovation Fund I, II
What’s so special about EstBAN?
A shared
experience is the best experience!"
EstBAN is: "
*the 1st BAN in Estonia�
*established in late 2012 & proactive since March 2013�
*1st umbrella organization in Europe
established only by private individuals
*full member of EBAN and EstVCA since April 2013
�*partnering with FiBAN & SoBA
�
In 2013 we have invested in
> "
Membership – NOT ONLY FROM
ESTONIA!!! http://
www.estban.ee/for-investors/members
We don’t care which phone you use.
The passion & ability to invest in startup – that’s what matters!
Each new applicant must have a recommendation of two existing
members
Where to invest?
STARTUPS – http://
www.estban.ee/for-entrepreneurs/apply
Founders
commitment & TEAM"
Super"
stuff"
How to use Estonia for investing?
http://
www.financeestonia.eu/why-estonia/
Invest through Estonian Company."
Collect dividends to an Estonian Company."
Dividends collected from your investment are not taxed until
distributed."Redistribution of dividends received is often exempted
from Corporate Income Tax. No withholding tax (more favorable than Payment
Services Directive)."Thus, the total cost of pass-
through dividends is often the tax paid at the source country."
""
Estonian Company
Investment
Shareholders
Dividends(holding at least 10% +
some other criterias)
Dividends
Estonian Company could be used successfully as an
intermediary for cross border financing."
Payments collected to Estonian Company are not taxed until
distributed."Interest payments from
Estonian Company to overseas are not subject to taxation and withholding in Estonia unless exceed arm’s length interest
(more favorable than Interests & Royalties Directive)."
There are no thin capitalization rules."
."""
Estonian Company
Other Group companies
Financing company
Loan Repayment +Interest
Investment Payment
In conclusion…
http://www.estban.ee/events
Estonian ICT Week & Latitude59.eu in April, 28-29
http://estonia.eu/ictweek/
FinanceEstonia 2nd International Forum in June, 17-18
http://www.financeestonia.eu/summary/
