the eight most successful start-ups in europe
TRANSCRIPT
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The Eight Most Successful Start-Ups in Europe(current value: $20B)
www.mti2.eu
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What are Unicorns?
Unicorns are venture-backed private companies
valued at $1 billion or more
Includes companies that are privately held, have
raised money in the past four years and have at
least one venture-capital firm as an investor
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Source: http://fortune.com/2015/01/22/the-age-of-unicorns/
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European Unicorns
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Spotify: What?
Founded in 2008 In SwedenBy Daniel Ek and Martin LorentzonFirst Product: Music Streaming Service
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Spotify: Business Model
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How Disruptive are They?
Spotify has 75M active users and 20M paying
subscribers, but remains unprofitable
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Spotify: There Are No Free Lunches…
Valuation: $8.5 BillionTotal Equity Funding: $1.0 Billion
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Delivery Hero: What?
Founded in 2011
In Germany
By Niklas Östberg, Kolja Hebenstreit, Markus Fuhrmann and Lukasz
Gadowski
Product: Online Food-Ordering Platform
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Delivery Hero: Business Model
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How Disruptive Are They?
Since 2001(received $90M in funding went public in 2014)
Since 1999(4th-fastest growing private company in the U.S. in 2004)
They Were Actually Pretty Late…
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…But Became Local Leaders Around the World
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Delivery Hero: Biting Profits Around the Globe
Valuation: $3.1 BillionTotal Equity Funding: $1.3 Billion
Niklas ÖstbergCEO / Co-founder
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Powa and Ayden: What?
Founded in 2007
In the U.K.
By Dan Wagner
Flagship Product: PowaTag, a Mobile Platform Allowing Interaction & Payment
Founded in 2006
In the Netherlands
By Pieter van der Does and Arnout Schuijff
Flagship Product: Global Online Payment Platform
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Powa: Business Model
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Powa: A One-Stop-Shop for Retailers Willing to Sell and Charge to Customers Anywhere, Anytime
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Powa: Transforming a Smartphone Into a Store and Payment Device at the Same Time
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How Disruptive Are They?
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Powa: Transforming the Retail Experience
Valuation: $2.7 BillionTotal Equity Funding: $156 Million
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Adyen: Business Model
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Adyen: Connecting the Payment Infrastructure
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How Disruptive Are They?
Adyen’s success stems from doing the right thing at the right time, i.e. simplifying international digital transactions at the same time as we witness a mobile payment revolution and a rapid globalization of commerce.
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Valuation: $1.5 BillionTotal Equity Funding: $500 Million
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Home24: What?
Founded in 2012
In Germany
By Domenico Cipolla, Dr. Philipp Kreibohm, Constantin Eis &
Axel Hefer
Product: Online Furniture Retail
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Home24: Business Model
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Home24: Huge Assortment and Short Leadtime
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Source: http://kinnevik.se/Global/Kinnevik%20Rocket%20CMD%202014/Home24_Kinnevik%20Rocket%20CMD%202014.pdf
How Disruptive Are They?
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‘Amazoning an industry’ to disrupt successful incumbents
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Home24: High Assortment but Low Inventory
Valuation: $1 BillionTotal Equity Funding: $20 Million
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Shazam: What?
Founded in 1999
In the U.K.
By Chris Barton, Philip Inghelbrecht, Avery Wang & Dhiraj
Mukherjee
First Product (2002): Music Identification through Mobile
Phones
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Shazam’s Journey to the Top
Source: http://www.shazam.com/company
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Source: http://www.wsj.com/articles/music-discovery-company-shazam-valued-at-around-1-billion-1421780459
Shazam: Business Model
Shazam Responsible for 1/10 Digital Song Sales
‘Shazamable’ Ads for Info & Special Offers
Open Shazam In-Store for Promotions
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How Disruptive Are They?
“…Shazam has spent the past two-and-a-half years pushing forward with a
strategy designed to remake the company as a modern-day media mogul. It’s recently taken to the television airways with Shazam-enable broadcasts and advertisements. But that is only the first part of a multifaceted Shazam media blitz that includes a move into retail and other
sectors — in due time.”
Source: http://venturebeat.com/2012/08/31/shazam-evolution/
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Shazam: Patience Pays Off…
Valuation: $1 BillionTotal Equity Funding: $170 Million
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Farfetch: What?
Founded in 2008
In the U.K. (with Portuguese Origins)
By José Neves
Product: Fashion Website
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Farfetch: Business Model
Enabled $300m in sales globally in 2014 from 450,000 customers in 180 countries
Source: http://www.ft.com/intl/cms/s/0/e20f6c92-c1d0-11e4-abb3-00144feab7de.html#axzz3f7hs8yiG
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“Farfetch is a global community of over 300 visionary fashion boutiques offering an
inspirational shopping experience to fashion-forward consumers.
The boutiques are located everywhere from Paris, New York and Milan to Bucharest,
Riyadh and Seattle, but united in one e-commerce website”
Delivering local value at a global scale, online – “the world’s local boutique”
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How Disruptive Are They?
“Car rental company Uber removed friction from the car renting experience. Online
luxury fashion marketplace Farfetch removed friction from discovery of the next authentic designer. Personalized sampling service Birchbox removed friction from exploration of the new beauty products.”
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Valuation: $1 BillionTotal Equity Funding: $195 Million
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Funding Circle: What?
Founded in 2010
In the U.K.
By Andrew Mullinger, James Meekings, Samir Desai & Sam Hodges
Product: Online Matchmaking for Small/Medium Peer-to-Peer Business Loans
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Source: https://www.fundingcircle.com/how-it-works
Funding Circle: How It Works
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Funding Circle: Business Model
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Winning the Trust Economy: More than Just ROI
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Winning the Trust Economy: A Better Player
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How Disruptive Are They?
Funding Circle>$1 billion
lent by April 2015>40,000
people & institutions lending>10,000
loans funded
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Valuation: $1 BillionTotal Equity Funding: $273 Million
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Source: http://graphics.wsj.com/billion-dollar-club/
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The Eight Most Successful Start-Ups in Europe(current value: $20B)
www.mti2.eu