lakestar - noah16 london
TRANSCRIPT
L A K E S T A R
GET YOUR TICKET TODAY!www.noah-conference.com
2-3Tempodrom, Berlin Old Billingsgate, London
NOV201722-23 JUN2017
SAVE THE DATE
L A K E S T A R
2
L A K E S T A R
ABOUT US
L A K E S T A R
3
L A K E S T A R
WE ARE A TEAM THAT INVESTS IN
OUTSTANDING ENTREPRENEURS
WORLDWIDE
L A K E S T A R
GLOBAL VENTURE CAPITAL
4
14 TEAM MEMBERS
• 3 were previously founders
• 2 were previously coders
• 1 previous product manager
• 1 previous CTO
• 3 were previously bankers
• 2 were previously lawyers
L A K E S T A R
GLOBAL VENTURE CAPITAL
5
San
FranciscoNew York
Stockholm
Berlin
London
Hong Kong
14 TEAM MEMBERS
6 CORE GEO’S
L A K E S T A R
GLOBAL VENTURE CAPITAL
6
14 TEAM MEMBERS
6 CORE GEO’S
$550m RAISED IN 3 YEARS
• 2013: LS I $150m
• 2015: LS II $400m
• Global investor base
L A K E S T A R
GLOBAL VENTURE CAPITAL
7
14 TEAM MEMBERS
6 CORE GEO’S
$550m RAISED IN 3 YEARS
45+ INVESTMENTS
L A K E S T A R
EARLY INVESTMENTS IN “CATEGORY KILLERS”
8
L A K E S T A R
GLOBAL VENTURE CAPITAL
9
BLOGS, TWEETS, DETAILED WEBSITES
L A K E S T A R
10
L A K E S T A R
A GLOBAL PERSPECTIVE
L A K E S T A R
HOW DO WE FIND GREAT OPPORTUNITIES?
1111
>50%
L A K E S T A R
EUROPEAN SEED ECOSYSTEM GROWS
12
+ many more
trusted
partners
L A K E S T A R
PARTNER WHEN ENTERING THE USA
1313
>50%
• Fundraising partners
• PR & Recruiting help
via local partners
L A K E S T A R
PARTNER WHEN ENTERING THE USA
1414
>50%
L A K E S T A R
NAVIGATING EUROPE CAN BE CHALLENGING!
1515
<50% • First customers
• Local hiring
• Corporate partnerships
L A K E S T A R
NAVIGATING EUROPE CAN BE CHALLENGING!
1616
<50%
L A K E S T A R
WHAT ABOUT CHINA?
1717
?
L A K E S T A R
LARGE MARKETS MATTER
18
L A K E S T A R
CHINESE TOURISM ON THE RISE
19
L A K E S T A R
IS CHINA AN EXIT PARTNER?
20
L A K E S T A R
21
L A K E S T A R
MOST IMPORTANTLY,
WHY?
L A K E S T A R
WHY?
22
• Solving a hard problem with technology
• Fixing an everyday pain-point for consumers &
businesses
L A K E S T A R
ACCESS TO
INFORMATION
L A K E S T A R
JanM
90
OctM
90
JulM
91
AprM
92
JanM
93
OctM
93
JulM
94
AprM
95
JanM
96
OctM
96
JulM
97
AprM
98
JanM
99
OctM
99
JulM
00
AprM
01
JanM
02
OctM
02
JulM
03
AprM
04
JanM
05
OctM
05
JulM
06
AprM
07
JanM
08
OctM
08
JulM
09
AprM
10
JanM
11
OctM
11
JulM
12
AprM
13
JanM
14
OctM
14
JulM
15
Employment in industries since 1990:
Newspapers: - 60%
Periodicals: - 28%Other Publishing: - 50%
L A K E S T A R
ACCESS TO INFORMATION
25
100m daily active users
Real-time…
Democratized…
Universally available…
… at the sake of accountability?
L A K E S T A R
ENERGY / CLIMATE CHANGE
26
L A K E S T A R
OUR DUTY TO INVEST IN “MOONSHOTS”?
27
L A K E S T A R
28
L A K E S T A R
IMPACT OF
TECH TODAY
L A K E S T A R
29
According to OECD
Top Earners / upper class
Middle class
Low Income / lower class
L A K E S T A R
30
The poorest jumped up two OECD classifications over
the last years
?
Top Earners / upper class
Middle class
Low Income / lower class
According to OECD
Low interest rates, appreciating assets
Definition: Education, House, Car, Travel
Some middle class gains, “western” middle class loses
L A K E S T A R
31
L A K E S T A R
FINAL THOUGHTS – WHERE SHOULD WE SPEND TIME?
“Moonshots”“Companies for
middle class”
L A K E S T A R
33
L A K E S T A R
THANK YOU
Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online verticals, a broad range of over 500 investors as well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes management distraction
NOAH Advisors is globally well connected and has direct access to virtually all key players in the industry
Knowledge of and strong relationships with potential buyers’ key decision makers
Proactively finds and unlocks attractive investment opportunities for leading investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions with sizes of several billion euros
24 successfully completed NOAH Advisors transactions underline successful transfer of M&A competencies to the Internet sector
Entrepreneurial mind-set, focused on growing the business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align interests of clients and NOAH Advisors, and demonstrate conviction to deliver top results
Creative deal solutions
September 2015
December 2014
September 2014
October 2014
May 2014
Sale of a 70% stake in
to
Exclusive Financial Advisor to Drushim and its Shareholders
Sale of 100% of
for $800m to
Exclusive Financial Advisor to Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to Trovit and its Shareholders
Sale of controlling stake in
to
Exclusive Financial Advisor to Facile.it and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2 and its Shareholders
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET CORPORATE FINANCE BOUTIQUE
September 2016October 2016
May 2016
Investment in
by
Financial Advisor to Oakley Capital
Exclusive Financial Advisor to 10Bis and its Shareholders
®
Marco RodzynekManaging Director & Founder
Jan BrandesManaging Director
Justus LumpeManaging Director
The NOAH Advisors Core Banking Team
Nikhil ParmarDirector
10Bis Drushim
Acquisition of a Majority Stake in
by
from
at a valuation of €300m
Investment in
Exclusive Financial Advisor to KäuferPortal and its Shareholders
by
84% Ownership