saul klein at the next web conference
Post on 20-Oct-2014
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Why Europe needs to seed the growth of its new stars?
Saul KleinIndex Ventures
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Should we really envy two small areas?
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Ruled over by 2 geeks and a whiteboard….
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$295bn
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Or 2 geeks with an old skool monitor….
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$38bn
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Or 1 geek and a spray-painted sign…
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$28bn
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Or 1 geek, an MBA and a consultant…
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$36bn
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Or 2 geeks, too much paper, a strange clock
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$156bn
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$553bn of wealth creation, ignoring…
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And forgetting….
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+ +
The ecosystem is primed for success…
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Constantly commercializing what’s next….
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So what about Europe?
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We’ve always had creative prodigies….
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We still create global entertainment…
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Brands that define global luxury….
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Brands that disrupt markets globally….
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We’ve given birth to powerful technologies…
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We have amazing young R&D talent…
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We have 7/10 top locations for young coders
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Experienced and willing venture capital...
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Entrepreneurs mentoring and seed investing...
• Oliver Jung• Saul & Robin Klein• Samwers• Klaus Hommels• Niklas Zennstrom & Janus Friis• Martin Varsavsky• Stefan Glaenzer• Michael Kleindel• Brent Hoberman• Hugo Burge and David Soskin
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We’ve started to have some great exits…
$4.1bn $1.1bn
$366m$900m $575m
$265m $280m
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$4.2bn
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$1.7bn
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We have a pipeline of web leaders….
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Online advertising is very advanced…
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EU has 11 of Top 15 broadband markets
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Mobile phones are everywhere….
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is now in 50 cities….
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So go out there, think big, take some risks…
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It’s ok to fail…learn from your mistakes
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Pick yourself up and try again…
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Let’s build Europe’s first $10bn web business….
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$3.9bn
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$3.1bn