IDCEE - models of early stage funding

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A presentation on the currently prevailing modes of seed funding in Europe and the US for the IDCEE in Kiev, November 29th, 2010.

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Capacity Building for Europe’s Next Generation Technology Entrepreneurs

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

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

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

33 companies across 17 geographies

Kyko

New models of seed investing

Start ups are cheaper

More folks with experience & network

Quite a compelling job

Who has seen this?

FFF “proper VCs”Angels

So what’s happening?

FFF “proper VCs”Angels

Super Angels

Growth Funds

VCs’ Seed funds

Builders

Incubators

PPP/GovMicro Seed

FFF

Friends, Family and others

Always been there

Won’t go away

Builders & Incubators

Involved in ideation

Take large stakes (not all!)

Added benefits (corp, dev, etc)

Angels

Experienced individuals

Giving back

Not a full time job

Super Angels

Experienced individuals

OPM – other people’s money

Definitely a full time job

Lots and lots of deals

VCs’ seed funds

Carve outs

Get in on the action

Signaling problem?

Adding value & easing follow on

But: we’re all friends

Everybody can play together

More deals = more opportunity

Everybody does play together

Why?

Earlier proof points easy to reach

Smaller exits and profitable companies

Inefficient markets allow for specialisation

Results

More start ups

Smaller exits in untraditional ways

More movement, more entrepreneurs

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

Secret Sauce

Deal sourcing at scale

Investing at volume

Building globally

Get in touch

Follow us: facebook.com/seedcamp and @seedcamp

@pmoehring and pmoehring.de

www.seedcamp.com

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