Seedcamp

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Seedcamp

• Catalysing Europes Next Generation Technology
  Entrepreneurs

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Europe is a great place to start a company

• EU has 8 of Top 11 broadband markets, with gt30
  penetration) in Denmark, Netherlands, and
  Switzerland
• In UK alone, online advertisers spend 2x than US
  (16 of total ad spend in 2007 and 38 growth
  over 2006)
• Amazing RD talent High number of science
  technology graduates and powerful technologies
  born here
• ...So, we want to help create more European
  versions

Source Economist Jan 17, 2008, IAB
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Weve given birth to powerful technologies
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Experienced venture capital...

• More venture capital was put to work in Europe in
  Q1 than ever before - the 1.3bn total was way
  higher than the previous peak in Q107
• The average deal size for Europe broke 10m for
  the first time
• The average deal size in the UK was 11.9m which
  is higher than the US figure of 11.6m

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Weve begun to have some great exits
1.0bn
4.1bn
1.1bn
900m
850m
575m
Unknown
366m
265m
280m
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We have a pipeline of web leaders.
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Entrepreneurs actively seed investing...

• Oliver Jung Lucasz Gadowski
• Saul Robin Klein via TAG
• Samwer Bros via European Founders Fund
• Martin Varsavsky
• Niklas Zennstrom Janus Friis via Atomico
• Klaus Hommels
• Stefan Glaenzer
• Michael Kleindel
• Oliver Beste Fabian Hansmann via FoundersLink
• Brent Hoberman
• Hugo Burge and David Soskin via Howzat Media

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Yet, gaps remain at the early stage...

• Seed and early stage investing remains a
  underfinanced segment 2008 will be a more
  difficult and competitive year
• It is challenging to rise above the increasing
  amount of noise in the startup community
• Access to high quality mentorship and network
  continues to prove difficult for 1st time
  entrepreneurs

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What is Seedcamp?

• Competition Fund Events for early stage
  companies
• Seedcamp 2008 September 15th 19th
• Europe-wide initiative to catalyze the next
  generation of Europes entrepreneurs
• Combination of Seedcamp Week 3 months immersion
  Seedcamp on the Road
• Initial funding to get started and more
  importantly a strongly supportive mentor
  community
• Organization supported by leading VCs, Angel
  investors, Corporates, Media Partners, and other
  experts
• The go-to community for entrepreneurs starting up
  Internet and mobile related businesses

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What are we looking for?

• Teams of 2-4 combination of technical/developer
  talent business-savvy
• Ideas focused in the internet, mobile, open
  source, software sectors
• At prototype or product stage not just
  powerpoint presentations

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How does it work?

• Application Selection
• Targeted at young teams from EMEA
• Open application through the web
• 20 best teams selected by panel of VCs
• Invited to come to London for 1 week in September
• Seed funding
• Week long, immersive event in London for winners
• Successful teams surrounded by 150 exceptional
  mentors
• Up to 5 teams chosen for 50k funding for 10
  equity stake
• Invited to stay a further 3 months in London
• Company development
• Weekly lunches events to support teams
• Demo day after 6 weeks
• Investor day after 10 weeks
• Trip to the US (West Coast)
• Seedcamp on the Road

June July
Sept 15th-19th
Sept toDecember
January to June
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Were backed by Europes leaders

• Few of the Investors

Some of the Mentors
Niklas Zennstrom Martin Varsavsky Brent Hoberman
Marc Samwer Charlie Muirhead Matt Jones Tom
Coates Mike Shaver Saul Klein
Leisa Reichelt Jane H. Finette Sean Park Founders
Link Jeff Barr Robin Klein Rodrigo Madanes Lukasz
Gadowski Rory Sutherland
And a few of the Friends
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How do companies benefit

• 3-month active access to Europe-US mentor and
  partner network
• Product launch, Business Development, Marketing
  strategy
• Recruiting for business and technical talent
• Advisors, legal setup, media coverage
• Milestones and access to Funding
• Accelerated speed of company development through
  working with other teams and clear milestones
• Demo Day and Investor Day receive dedicated
  feedback on product development and funding
• Results
• Most of the companies have closed next round of
  angel or VC funding at the end of the 3 months
• Product to market moved much faster from
  stand-alone targets

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The future how we work together
2007 Seedcamp had 268 applications (60 from
Continental Europe) 2008 goal is to attract even
higher quality, more pan-European teams

• We want more hackers (University, Open source)
  less pure MBAs
• Help us get the word out locally
• Help us create an active community
• Tap our network
• Use (or start) OpenCoffee Clubs to meet peers and
  develop ideas
• Get involved on our FB group, You Noodle, website
  forum
• Get ready for 2008 Seedcamp