#FEIF2014!18.06.14!

„If I see a company coming out of Estonia I am reasonably assured that it will be executed well. For its size, Estonia is generating more high quality startups than you would expect.”

Naval Ravikant, Founder of AngelList"

$25M!

Wall of Fame!#estonianmafia

President of Estonia "Toomas H. Ilves!

Ex-Skype!Andreessen Horowitz "

Teleport!

>  Skype legacy, heritage, dream, role-model

>  Small market - think big from the start

>  Other alternatives of becoming a millionaire are limited

>  Starting up has proven and made easy

>  People with the attitude – I can do it!

>  Political leadership - e-services, tax regime, !public focus

Ground for the paradise

But

Fundraising by EST tech startups

0

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

2006 2007 2008 2009 2010 2011 2012 2013 2014*

Total raised capital (EUR) Capital from Estonia (EUR) *Estonian Startup Crowdsourced database!

>  Local supply of capital in early stages #>  Technology transfer - skills and

financing#>  Entrepreneurs (in residence) #>  International staffing for C-level#>  Network and contacts#

What does Estonia need !to flourish startups?

VCs in Estonian startups NextView Ventures, Matrix Partners

Redpoint Ventures, Index Ventures, ! Dave McClure’s 500 Startups !

Valar Ventures, SV Angels, IA Ventures, !

Index Ventures, Seedcamp

and TAG

Conor Venture Partners, Fostergate Holdings Ltd,

Entrepreneurs Fund

Intel Capital, Greycroft

Partners Charles River Ventures,

Atlas Venture,

Estonian Business Angels Network EstBAN is an umbrella organization for business angels seeking investment opportunities in Estonia and its neighboring regions.

In EstBAN we welcome all positive minded people with a passion for investing their time

and funds into startups#

Joint deal screening and due diligence#Individual decision making#Invest in syndicate or individually #Investment range between 20 - 500K€#

We wanna be a serious player in EstVCA “1 billion” vision 2020.

Angel investments vs GDP Estonia#

Finland#Portugal#

June 2014

71

Sample deals 2013 >  StartUp Wise Guys - companies (ca.14) >  Gamefounders - companies (ca.10) >  Satrian - electronics, investment 25K+€* >  Oolala - e-commerce, 50K€* in syndicate >  Cloutex - SaaS, syndicate >  Cherry Media - e-commerce, 237K€* syndicate (follow up) >  3Dtech-RD - 3D platform 300K€* syndicate >  NordCloud - SaaS, 300K€* syndicate >  MyWind - wind turbine tech, 25K€* syndicate (follow up) >  Goliath Wind - wind turbine tech, 165K€* syndicate (follow up) >  Deltasight - SaaS, 47K€*, syndicate >  SignWise - digital signature platform, syndicate >  Marinexplore - SaaS, OS, BigData, syndicate (follow up) >  Digital Sputnik - Lighting technology for film industry 800K, syn. >  Plumbr – SaaS, 800K€, syndicate

>  Members are extremely busy with daily business - we are competing with family, friends and hobbies

>  Lack of experience in seed investments and syndication – let’s share & learn together, incl with FiBAN&EBAN

>  Need to promote business angels as an important part of the ecosystem - paradigm shift

>  To attract more angels we need to establish attractive co-investment schemes with Est/EU institutions

Challenges

>  Consider venture-capital types of loans instead of grants.

>  Creation of co-investment funds with early stage investors.

>  Tax breaks for early stage investors.

>  Investment readiness trainings for entrepreneurs and early stage investors.

>  Public awareness on early stage investing.

EBAN action plan for 2014 - 2020

„If you want to transform a society, you have to start with the young people, and give

them the kind of education that will allow them to handle the

future." Toomas Hendrik Ilves -

President of the country where Skype was born #

Thank you for your attention! !

Ivar Siimar!Contact us for further information:!

info@estban.ee !www.estban.ee

#estonianmafia

Source: Garage48HUB