The document discusses perspectives on venture capital opportunities in Europe. It notes that European VC has been undervalued compared to other alternative assets but that the last two years have seen a turning point. Key investment themes for 2008-2012 include "democratization" by providing access to closed markets and tools/services affordably. While the US dominates in number of leading tech companies, Europe has encouraging prospects for VC due to talent, markets, and sectors like wireless and open source software. Challenges for Swedish startups include incentives to grow and exit but opportunities include a tech savvy population and early adoption of new technologies.
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Perspectives on VC in Europe
1. Perspectives on VC and the European opportunity Ben Holmes Stockholm, March 2008
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4. Agenda Is there an internet/tech investment bubble? Key investment themes: 2008 – 2012? What role can Europe play?
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6. Are we in another bubble? Reasons to be confident… Unlike 2000, we are all online now…
7. Are we in another bubble? Reasons to be confident 22% 27% 27% 33% 31% ‘ 06-’10 CAGR … and spending money…
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10. Agenda Is there an internet/tech investment bubble? Key investment themes: 2008 – 2012? What role can Europe play?
11. Disparate Sectors – one unifying theme … Software Development Tools and Services Database Software Telecommunications Wireless Networking Web Telephony Mobile Telephony Financial Markets Currency Trading Weather Derivatives Betting Entertainment “ Fame, Fashion and Friends” Advertising Ad server software TV advertising destination
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14. Agenda Is there an internet/tech investment bubble? Key investment themes: 2008 – 2012? What role can Europe play?
15. Dozens of multi-billion dollar tech success stories ... ... handful of truly global leaders, but changing fast ... Contrasting EU and US Number of leading tech companies
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17. Contrasting EU and US Amount of VC investment Venture Captial Investment ($bn / qtr) US Venture Capital European Venture Capital
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22. Thank you Ben Holmes Email : benh@indexventures.com Skype : ben_holmes Image Credit s. Vorm, nshepard, Hamed Saber, charles chan * all from Flickr, licensed under Creative Commons