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Reshma Sohoni - European entrepreneurs: the recipe for success

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@rsohoni@seedcamp

Capacity Building for Europe’s Next Generation Technology Entrepreneurs

CONFIDENTIAL

Building the European tech ecosystem since

2007

CONFIDENTIAL

What is Seedcamp

A micro-seed fund that enables talent across every part of Europe to start up

Recognized as the leading-edge platform to bring together tech entrepreneurs and mentors

across Europe, US, and Asia

CONFIDENTIAL

Jan-DecMini

Seedcamps

TEAMS

PROPRIETARY CRM

DATABASE

LUNCHES, DINNERS WITH

MENTORS

DEMOINVESTOR,

BROAD INVESTOR DAYS

4 person team behind all of this

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+

Jan, Jun, Sept

Investment Decisions

SeptSeedcamp

Week

Jan-Dec3 Months Mentoring

A year-long program supporting seed companies in Europe

CONFIDENTIAL

FUNDING€50K

33 companies across 17 geographies

CONFIDENTIAL

Kyko

No shortage of technical talent

Low cost of start ups

Open Source is mainstream

Platforms change costs: infrastructure, revenue and distribution

Leeds

Utrecht

Helsinki

Hamburg

Paris

Belgrade

We have strong local networks

Connected to a federated ecosystem

Niklas Zennstrom & Janus Friischanged telecoms

Marten Mickos changed enterprise software

David Heinemeier Hanssonchanged web programming

Jacques-Antoine Granjon ischanging shopping

Role ModelsDaniel Ek is changing music

Kristian Segestrale is changing games

Natalie Massenetis changing fashion

Errol Damelin is changing personal finance

Eldar & Roy Tuvey and Jos & Ben Whiteare changing Internet security

Iain Dodsworth is changing real-time web

Changed publishing

Changed television

Changed housewares

Changed apparel

CONFIDENTIAL

European Entrepreneurs – Recipe for Success

DOs

Be commercial, not just techie

Be assertive, positive, optimistic about your product

Be awesome at helping other startups as you are

Be open to going where the opportunities are

DON’Ts

Be afraid to think big

Be apologetic for being from E. Europe

Be secretive about your idea; Talk to good people

Use smaller markets as excuse

CONFIDENTIAL

Passion, Customer Thinking, Execution

Passion – exhibit passion for your product, team, problems you’re solving

Customer Thinking – launch in iterations, get constant feedback from real users/customers

Execute exceptionally well because it is harder in Europe

CONFIDENTIAL

Passion

Build a team that loves what you do

Infect passion about your product in everyone you meet

Extremely hard, statistics are against you, passion is crucial

CONFIDENTIAL

Customer Thinking

Get to know your users and what they care about

Really listen to them and build a product with their story

Launch and iterate - fast and pragmatic

Measure, measure, measure!

CONFIDENTIAL

Execution

Ideas are a dime a dozen

Execution is the most difficult and crucial part

‘Processize’ the hell out of your company to scale

Talk to and listen to experienced founders

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