Embed Size (px)
Citation preview
1. Startup Europe development and outcomes 2. Key-ingredients for successful hubs: Talent + Capital 3. Funding opportunities for Startups: SME Instrument + FIWARE
Web Entrepreneurship within Startup Europe Initiative
Bogdan Ceobanu University of Cyprus 8 October 2014
1. Startup Europe – Development and outcomes
Understanding the European ecosystem Accelerators: 57 seed accelerators. 738 graduated startups. These startups have created 3500-4500 new jobs (2013). Crowdfunding: $945 million raised in 2012, EU. Venture Capital $2.9b raised in EU vs $13.8b US in Q2 2014 Scale-ups: More than 1000 internet startups raised >$100k MOOCS: More than 250 EU online courses offered by > 100 institutions Startup manifesto: >7500 Endorsements of the (GR, NL, AT versions)
Outcome 1. Understanding the ecosystem 2. Policy maker's Awareness 3. Funding startup ecosystem builders
Desired impact •More dynamic ecosystem •Better policies •More internet champions
1
Startup manifesto follow-up
Funding opportunities
Reco
gnitio
n an
d cele
bratio
n
Networks of stakeholders
Source: BCG
Why are we doing this?
Source: BCG
The Internet Economy
Source: GP Bull Hound analysis
The 30 European Unicorns
Innovation can create enormous value in a very short time
Leading EU hubs: London, Berlin, Stockholm*
*Also Helsinki, Paris *based on Earlybird research
London Stockholm Berlin
Startup Capital Age Startup Capital Age Startup Capital Age
ASOS $2.08B IPO 2000 Klarna $282.1M 2005 SoundCloud $123.3M 2007
Just eat $2.45B IPO 2001 Spotify $537.8M 2006 RearchGate $35M 2008
Shazam $95M 2002 VideoPlaza $17.4M 2007 OneFootball $20.1M 2008
King $7.6B IPO 2003 TrueCaller $20.1M 2009 Zalando $243.4M 2009
Mind Candy $21M 2003 iZettle $108.9M 2010 Wooga $32.2M 2009
Zopa $56.6M 2005 Wrapp $25.5M 2011 GetYourGuide $45.5M 2009
ViaGogo $65M 2005 Magine $19.0M 2011 DeliveryHero $306.7M 2010
SearWave $53M 2006 Trademob $15M 2010
Notonthe highstreet $27.7M 2006
6Wunderkinder $23.9M 2010
Huddle $38.2M 2006 Auctionata $50M 2012
Boohoo $448M IPO 2006 Outfittery $16.7M 2012
AO World $880M IPO 2006 Applift $20M 2012
Zoopla $1.5B IPO 2007
SongKick $16.6M 2007
Farfetch $108.5M 2007
Wonga $145.4M 2007
Swiftkey $21.6M 2008
FundingCircle $123.2M 2009
OneFineStay $15.9M 2009
Lyst $19M 2010
HouseTrip $59.7M 2010
Hailo $77.1M 2010
DueDil $22M 2011
These hubs have talent, capital and successful startups therefore …
They attract more talent, more capital and more success.
Capital Raised (in $M)
Age of Top Startups (in years)
Sto
ckh
olm
Be
rlin
Lon
do
n
Lon
do
n
Sto
ckh
olm
Be
rlin
The European App economy and its leading players
Founded in London in 2003 IPO 3/2014, $7B Valuation
Founded in Helsinki 2004 $5.15M daily revenue for one game (Clash of clans) After 3 years sold 51% of the co with $1.5B
Founded in Barcelona in 2008 >45M MAU (Monthly Active Users) Raised $45M
Founded in Helsinki in 2003 >2B downloads >800 employees
Founded in Paris in 1999 >20M DAU (Daily Active Users) >1B downloads
Founded in Stockholm in 2010 16.5 buyers of the Minecraft game $1B Valuation
Revenues: 2013: €17.5billion --- 2018: € 63 billion
Jobs:
2013: 1.8 million --- 2018: 4,8 million
Founded in Stockholm in 2006 >10M subscribers >1200 employees Raised more than $500M
Founded in Nicosia in 1999 >100M DAU $900M exit to Rakuten Japan
2. Key-ingredients for successful hubs: Talent + Capital
*based on Mark Suster, Brad Feld analysis
http://ec.europa.eu/easme/sme_en.htm
3. Funding opportunities: SME Instrument
• 80 million euros for SMEs and Startups • 1,300 businesses to be accelerated by 2016.
• Several sectors: from eHealth to energy
• WWW.FIWARE.ORG
Funding Opportunities: FIWARE
4. Resources for future startup founders
Books:
1. The Lean Startup by Eric Ries
2. Business Model Generation by Alexander Osterwalder
3. The Four Steps to the Epiphany by Steve Blank
Free course:
Stanford CS183B - How to Start a Startup (http://startupclass.samaltman.com/)
Thank you
*based on Mark Suster, Brad Feld analysis
www.startupeurope.eu | @startupeu
https://www.facebook.com/groups/startupeurope/
[email protected] | @studios
