the eight most successful start-ups in europe
TRANSCRIPT
The Eight Most Successful Start-Ups in Europe(current value: $20B)
www.mti2.eu
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
Source: http://fortune.com/2015/01/22/the-age-of-unicorns/
European Unicorns
Spotify: What?
Founded in 2008 In SwedenBy Daniel Ek and Martin LorentzonFirst Product: Music Streaming Service
Spotify: Business Model
How Disruptive are They?
Spotify has 75M active users and 20M paying
subscribers, but remains unprofitable
Spotify: There Are No Free Lunches…
Valuation: $8.5 BillionTotal Equity Funding: $1.0 Billion
Delivery Hero: What?
Founded in 2011
In Germany
By Niklas Östberg, Kolja Hebenstreit, Markus Fuhrmann and Lukasz
Gadowski
Product: Online Food-Ordering Platform
Delivery Hero: Business Model
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…
…But Became Local Leaders Around the World
Delivery Hero: Biting Profits Around the Globe
Valuation: $3.1 BillionTotal Equity Funding: $1.3 Billion
Niklas ÖstbergCEO / Co-founder
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
Powa: Business Model
Powa: A One-Stop-Shop for Retailers Willing to Sell and Charge to Customers Anywhere, Anytime
Powa: Transforming a Smartphone Into a Store and Payment Device at the Same Time
How Disruptive Are They?
Powa: Transforming the Retail Experience
Valuation: $2.7 BillionTotal Equity Funding: $156 Million
Adyen: Business Model
Adyen: Connecting the Payment Infrastructure
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.
Valuation: $1.5 BillionTotal Equity Funding: $500 Million
Home24: What?
Founded in 2012
In Germany
By Domenico Cipolla, Dr. Philipp Kreibohm, Constantin Eis &
Axel Hefer
Product: Online Furniture Retail
Home24: Business Model
Home24: Huge Assortment and Short Leadtime
Source: http://kinnevik.se/Global/Kinnevik%20Rocket%20CMD%202014/Home24_Kinnevik%20Rocket%20CMD%202014.pdf
How Disruptive Are They?
‘Amazoning an industry’ to disrupt successful incumbents
Home24: High Assortment but Low Inventory
Valuation: $1 BillionTotal Equity Funding: $20 Million
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
Shazam’s Journey to the Top
Source: http://www.shazam.com/company
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
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/
Shazam: Patience Pays Off…
Valuation: $1 BillionTotal Equity Funding: $170 Million
Farfetch: What?
Founded in 2008
In the U.K. (with Portuguese Origins)
By José Neves
Product: Fashion Website
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
“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”
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.”
Valuation: $1 BillionTotal Equity Funding: $195 Million
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
Source: https://www.fundingcircle.com/how-it-works
Funding Circle: How It Works
Funding Circle: Business Model
Winning the Trust Economy: More than Just ROI
Winning the Trust Economy: A Better Player
How Disruptive Are They?
Funding Circle>$1 billion
lent by April 2015>40,000
people & institutions lending>10,000
loans funded
Valuation: $1 BillionTotal Equity Funding: $273 Million
Source: http://graphics.wsj.com/billion-dollar-club/
The Eight Most Successful Start-Ups in Europe(current value: $20B)
www.mti2.eu