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Capacity Building for Europe’s Next Generation Technology Entrepreneurs

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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Page 1: IDCEE - models of early stage funding

Capacity Building for Europe’s Next Generation Technology Entrepreneurs

Page 2: IDCEE - models of early stage funding

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

Page 3: IDCEE - models of early stage funding

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

Page 4: IDCEE - models of early stage funding

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

Page 5: IDCEE - models of early stage funding

33 companies across 17 geographies

Kyko

Page 6: IDCEE - models of early stage funding

New models of seed investing

Start ups are cheaper

More folks with experience & network

Quite a compelling job

Page 7: IDCEE - models of early stage funding

Who has seen this?

FFF “proper VCs”Angels

Page 8: IDCEE - models of early stage funding

So what’s happening?

FFF “proper VCs”Angels

Super Angels

Growth Funds

VCs’ Seed funds

Builders

Incubators

PPP/GovMicro Seed

Page 9: IDCEE - models of early stage funding

FFF

Friends, Family and others

Always been there

Won’t go away

Page 10: IDCEE - models of early stage funding

Builders & Incubators

Involved in ideation

Take large stakes (not all!)

Added benefits (corp, dev, etc)

Page 11: IDCEE - models of early stage funding

Angels

Experienced individuals

Giving back

Not a full time job

Page 12: IDCEE - models of early stage funding

Super Angels

Experienced individuals

OPM – other people’s money

Definitely a full time job

Lots and lots of deals

Page 13: IDCEE - models of early stage funding

VCs’ seed funds

Carve outs

Get in on the action

Signaling problem?

Adding value & easing follow on

Page 14: IDCEE - models of early stage funding

But: we’re all friends

Everybody can play together

More deals = more opportunity

Everybody does play together

Page 15: IDCEE - models of early stage funding

Why?

Earlier proof points easy to reach

Smaller exits and profitable companies

Inefficient markets allow for specialisation

Page 16: IDCEE - models of early stage funding

Results

More start ups

Smaller exits in untraditional ways

More movement, more entrepreneurs

Page 17: IDCEE - models of early stage funding

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

Page 18: IDCEE - models of early stage funding

Secret Sauce

Deal sourcing at scale

Investing at volume

Building globally

Page 19: IDCEE - models of early stage funding

Get in touch

Follow us: facebook.com/seedcamp and @seedcamp

@pmoehring and pmoehring.de

www.seedcamp.com