SlideShare une entreprise Scribd logo
1  sur  29
Télécharger pour lire hors ligne
#FEIF2014! 
18.06.14!
„If I see a company coming out of 
Estonia I am reasonably assured 
that it will be executed well. For its 
size, Estonia is generating more 
high quality startups than you 
would expect.” 
Naval Ravikant, 
Founder of AngelList"
$25M!
Wall of Fame! 
#estonianmafia
President of Estonia " 
Toomas H. Ilves! 
Ex-Skype! 
Andreessen Horowitz " 
Teleport!
Ground for the paradise 
> Skype legacy, heritage, dream, role-model 
> Small market - think big from the start 
> Other alternatives of becoming a millionaire are limited 
> Starting up has proven and made easy 
> People with the attitude – I can do it! 
> Political leadership - e-services, tax regime, ! 
public focus
But
Fundraising by EST tech startups 
35,000,000 
30,000,000 
25,000,000 
20,000,000 
15,000,000 
10,000,000 
5,000,000 
0 
2006 
2007 
2008 
2009 
2010 
2011 
2012 
2013 
2014* 
Total raised capital (EUR) 
Capital from Estonia (EUR) 
*Estonian Startup Crowdsourced database!
What does Estonia need ! 
to flourish startups? 
> Local supply of capital in early stages # 
> Technology transfer - skills and 
financing# 
> Entrepreneurs (in residence) # 
> International staffing for C-level# 
> Network and contacts#
VCs in Estonian startups 
NextView Ventures, Matrix Partners 
Redpoint Ventures, Index Ventures, ! Dave McClure’s 500 
Startups ! 
Index Ventures, Seedcamp 
Valar Ventures, SV Angels, IA Ventures!, 
and TAG 
Entrepreneurs Fund 
Intel Capital, Greycroft 
Conor Venture Partners, Fostergate 
Holdings Ltd, 
Partners 
Charles River Ventures, 
Atlas Venture,
Estonian Business Angels Network EstBAN is an 
umbrella organization for business angels seeking 
investment opportunities in Estonia and its 
neighboring regions.
In EstBAN we welcome all positive minded 
people with a passion for investing their time 
and funds into startups#
Joint deal screening and due diligence# 
Individual decision making# 
Invest in syndicate or individually # 
Investment range between 20 - 500K€#
We wanna be a serious player in EstVCA 
“1 billion” vision 2020.
Angel investments vs GDP 
Estonia# 
Finland# 
Portugal#
June 2014 
71
Sample deals 2013 
> StartUp Wise Guys - companies (ca.14) 
> Gamefounders - companies (ca.10) 
> Satrian - electronics, investment 25K+€* 
> Oolala - e-commerce, 50K€* in syndicate 
> Cloutex - SaaS, syndicate 
> Cherry Media - e-commerce, 237K€* syndicate (follow up) 
> 3Dtech-RD - 3D platform 300K€* syndicate 
> NordCloud - SaaS, 300K€* syndicate 
> MyWind - wind turbine tech, 25K€* syndicate (follow up) 
> Goliath Wind - wind turbine tech, 165K€* syndicate (follow up) 
> Deltasight - SaaS, 47K€*, syndicate 
> SignWise - digital signature platform, syndicate 
> Marinexplore - SaaS, OS, BigData, syndicate (follow up) 
> Digital Sputnik - Lighting technology for film industry 800K, syn. 
> Plumbr – SaaS, 800K€, syndicate
Challenges 
> Members are extremely busy with daily business - we 
are competing with family, friends and hobbies 
> Lack of experience in seed investments and 
syndication – let’s share & learn together, incl with 
FiBAN&EBAN 
> Need to promote business angels as an important part 
of the ecosystem - paradigm shift 
> To attract more angels we need to establish attractive 
co-investment schemes with Est/EU institutions
EBAN action plan for 2014 - 2020 
> Consider venture-capital types of loans instead of 
grants. 
> Creation of co-investment funds with early stage 
investors. 
> Tax breaks for early stage investors. 
> Investment readiness trainings for entrepreneurs and 
early stage investors. 
> Public awareness on early stage investing.
„If you want to transform a 
society, you have to start with 
the young people, and give 
them the kind of education that 
will allow them to handle the 
future." 
Toomas Hendrik Ilves - 
President of the country where Skype was born #
Thank you for your attention!! 
Ivar Siimar! 
Contact us for further information:! 
info@estban.ee ! 
www.estban.ee
#estonianmafia 
Source: Garage48HUB

Contenu connexe

Tendances

EcoMachines Incubator: Resource 2015 - Funding Options for Startups
EcoMachines Incubator: Resource 2015 - Funding Options for StartupsEcoMachines Incubator: Resource 2015 - Funding Options for Startups
EcoMachines Incubator: Resource 2015 - Funding Options for StartupsEcoMachines Ventures
 
Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014
Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014
Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014Burton Lee
 
Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...
Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...
Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...Burton Lee
 
About Beta It Ver.2
About Beta It Ver.2About Beta It Ver.2
About Beta It Ver.2basimalali
 
Perspectives on VC in Europe
Perspectives on VC in EuropePerspectives on VC in Europe
Perspectives on VC in EuropeBen Holmes
 

Tendances (10)

EcoMachines Incubator: Resource 2015 - Funding Options for Startups
EcoMachines Incubator: Resource 2015 - Funding Options for StartupsEcoMachines Incubator: Resource 2015 - Funding Options for Startups
EcoMachines Incubator: Resource 2015 - Funding Options for Startups
 
Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014
Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014
Signe Viimsalu - EstBAN - Estonia - Stanford Engineering - Jan 13 2014
 
Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...
Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...
Irish Venture Funding - Ireland's Innovation and Technology Economy - John Mc...
 
Setting the Scene: Global and Regional Trends
Setting the Scene: Global and Regional TrendsSetting the Scene: Global and Regional Trends
Setting the Scene: Global and Regional Trends
 
Fostering entrepreneurship
Fostering entrepreneurshipFostering entrepreneurship
Fostering entrepreneurship
 
About Beta It Ver.2
About Beta It Ver.2About Beta It Ver.2
About Beta It Ver.2
 
ATC TECHINNOVATION_JUN16_web
ATC TECHINNOVATION_JUN16_webATC TECHINNOVATION_JUN16_web
ATC TECHINNOVATION_JUN16_web
 
Ifitt finland
Ifitt finlandIfitt finland
Ifitt finland
 
Perspectives on VC in Europe
Perspectives on VC in EuropePerspectives on VC in Europe
Perspectives on VC in Europe
 
Pitching for Funding
Pitching for FundingPitching for Funding
Pitching for Funding
 

Similaire à Estonia - startup country FEIF14 / june 2014 Tallinn

Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...
Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...
Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...Burton Lee
 
Startup ecosystem in Estonia
Startup ecosystem in EstoniaStartup ecosystem in Estonia
Startup ecosystem in EstoniaJaanika Merilo
 
11th Venture Capital Forum - VTrip
11th Venture Capital Forum - VTrip11th Venture Capital Forum - VTrip
11th Venture Capital Forum - VTripDimitris Tsingos
 
20120127 OCvolos Virtual Trip
20120127 OCvolos Virtual Trip20120127 OCvolos Virtual Trip
20120127 OCvolos Virtual TripDimitris Tsingos
 
Baltic Startup Scene Report 2017-2018
Baltic Startup Scene Report 2017-2018Baltic Startup Scene Report 2017-2018
Baltic Startup Scene Report 2017-2018Peerasak C.
 
Tampere startup ecosystem 2018
Tampere startup ecosystem 2018Tampere startup ecosystem 2018
Tampere startup ecosystem 2018Sointu Karjalainen
 
The process of new venture creation – towards the booming ICT start-ups
 The process of new venture creation – towards the booming ICT start-ups The process of new venture creation – towards the booming ICT start-ups
The process of new venture creation – towards the booming ICT start-upsFörderverein Technische Fakultät
 
iStartUp - Incubator of IT projects Kazakhstan
iStartUp - Incubator of IT projects KazakhstaniStartUp - Incubator of IT projects Kazakhstan
iStartUp - Incubator of IT projects KazakhstanDina Koldeibekova
 
How do you cash in on tolerance of risk?
How do you cash in on tolerance of risk?How do you cash in on tolerance of risk?
How do you cash in on tolerance of risk?Antti Vilpponen
 
AF_Brochure NRB16
AF_Brochure NRB16AF_Brochure NRB16
AF_Brochure NRB16TheuriM
 
Estonian Development Fund @ MoMo St Petersburg
Estonian Development Fund @ MoMo St PetersburgEstonian Development Fund @ MoMo St Petersburg
Estonian Development Fund @ MoMo St PetersburgMobileMonday Estonia
 
Startup lessons from Estonia
Startup lessons from EstoniaStartup lessons from Estonia
Startup lessons from EstoniaSiim Teller
 
Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...
Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...
Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...Burton Lee
 
20120608 tsigos.v trip_social_media
20120608 tsigos.v trip_social_media20120608 tsigos.v trip_social_media
20120608 tsigos.v trip_social_mediaDimitris Tsingos
 
Singapore startup ecosystem.pdf
Singapore startup ecosystem.pdfSingapore startup ecosystem.pdf
Singapore startup ecosystem.pdfssuser467e0e
 
Estonian Entrepreneurial Ecosystem (the Connectors)
Estonian Entrepreneurial Ecosystem (the Connectors)Estonian Entrepreneurial Ecosystem (the Connectors)
Estonian Entrepreneurial Ecosystem (the Connectors)Andrus Viirg
 
11.a. viirg estonian entrepreneurial ecosystem rev
11.a. viirg estonian entrepreneurial ecosystem rev11.a. viirg estonian entrepreneurial ecosystem rev
11.a. viirg estonian entrepreneurial ecosystem revOECD CFE
 
Raising Funds For Great Ideas
Raising Funds For Great IdeasRaising Funds For Great Ideas
Raising Funds For Great IdeasInfoPier
 
NOAH15 Berlin Fund Book
NOAH15 Berlin Fund BookNOAH15 Berlin Fund Book
NOAH15 Berlin Fund BookNOAH Advisors
 

Similaire à Estonia - startup country FEIF14 / june 2014 Tallinn (20)

Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...
Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...
Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - ...
 
Startup ecosystem in Estonia
Startup ecosystem in EstoniaStartup ecosystem in Estonia
Startup ecosystem in Estonia
 
11th Venture Capital Forum - VTrip
11th Venture Capital Forum - VTrip11th Venture Capital Forum - VTrip
11th Venture Capital Forum - VTrip
 
20120127 OCvolos Virtual Trip
20120127 OCvolos Virtual Trip20120127 OCvolos Virtual Trip
20120127 OCvolos Virtual Trip
 
Baltic Startup Scene Report 2017-2018
Baltic Startup Scene Report 2017-2018Baltic Startup Scene Report 2017-2018
Baltic Startup Scene Report 2017-2018
 
Going Global
Going GlobalGoing Global
Going Global
 
Tampere startup ecosystem 2018
Tampere startup ecosystem 2018Tampere startup ecosystem 2018
Tampere startup ecosystem 2018
 
The process of new venture creation – towards the booming ICT start-ups
 The process of new venture creation – towards the booming ICT start-ups The process of new venture creation – towards the booming ICT start-ups
The process of new venture creation – towards the booming ICT start-ups
 
iStartUp - Incubator of IT projects Kazakhstan
iStartUp - Incubator of IT projects KazakhstaniStartUp - Incubator of IT projects Kazakhstan
iStartUp - Incubator of IT projects Kazakhstan
 
How do you cash in on tolerance of risk?
How do you cash in on tolerance of risk?How do you cash in on tolerance of risk?
How do you cash in on tolerance of risk?
 
AF_Brochure NRB16
AF_Brochure NRB16AF_Brochure NRB16
AF_Brochure NRB16
 
Estonian Development Fund @ MoMo St Petersburg
Estonian Development Fund @ MoMo St PetersburgEstonian Development Fund @ MoMo St Petersburg
Estonian Development Fund @ MoMo St Petersburg
 
Startup lessons from Estonia
Startup lessons from EstoniaStartup lessons from Estonia
Startup lessons from Estonia
 
Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...
Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...
Andrus Viirg - Enterprise Estonia - Silicon Valley - Stanford Engineering - J...
 
20120608 tsigos.v trip_social_media
20120608 tsigos.v trip_social_media20120608 tsigos.v trip_social_media
20120608 tsigos.v trip_social_media
 
Singapore startup ecosystem.pdf
Singapore startup ecosystem.pdfSingapore startup ecosystem.pdf
Singapore startup ecosystem.pdf
 
Estonian Entrepreneurial Ecosystem (the Connectors)
Estonian Entrepreneurial Ecosystem (the Connectors)Estonian Entrepreneurial Ecosystem (the Connectors)
Estonian Entrepreneurial Ecosystem (the Connectors)
 
11.a. viirg estonian entrepreneurial ecosystem rev
11.a. viirg estonian entrepreneurial ecosystem rev11.a. viirg estonian entrepreneurial ecosystem rev
11.a. viirg estonian entrepreneurial ecosystem rev
 
Raising Funds For Great Ideas
Raising Funds For Great IdeasRaising Funds For Great Ideas
Raising Funds For Great Ideas
 
NOAH15 Berlin Fund Book
NOAH15 Berlin Fund BookNOAH15 Berlin Fund Book
NOAH15 Berlin Fund Book
 

Dernier

Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Call Girls in Nagpur High Profile
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure servicePooja Nehwal
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...ssifa0344
 
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri  6297143586 Call Hot Ind...Booking open Available Pune Call Girls Wadgaon Sheri  6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...Call Girls in Nagpur High Profile
 
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceanilsa9823
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfGale Pooley
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdfFinTech Belgium
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...ssifa0344
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfGale Pooley
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdfAdnet Communications
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure servicePooja Nehwal
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptxFinTech Belgium
 
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfThe Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfGale Pooley
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )Pooja Nehwal
 

Dernier (20)

Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri  6297143586 Call Hot Ind...Booking open Available Pune Call Girls Wadgaon Sheri  6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
 
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
 
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
 
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
(Vedika) Low Rate Call Girls in Pune Call Now 8250077686 Pune Escorts 24x7
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
 
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfThe Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdf
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
 

Estonia - startup country FEIF14 / june 2014 Tallinn

  • 2. „If I see a company coming out of Estonia I am reasonably assured that it will be executed well. For its size, Estonia is generating more high quality startups than you would expect.” Naval Ravikant, Founder of AngelList"
  • 3.
  • 4.
  • 6. Wall of Fame! #estonianmafia
  • 7. President of Estonia " Toomas H. Ilves! Ex-Skype! Andreessen Horowitz " Teleport!
  • 8. Ground for the paradise > Skype legacy, heritage, dream, role-model > Small market - think big from the start > Other alternatives of becoming a millionaire are limited > Starting up has proven and made easy > People with the attitude – I can do it! > Political leadership - e-services, tax regime, ! public focus
  • 9. But
  • 10. Fundraising by EST tech startups 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 2006 2007 2008 2009 2010 2011 2012 2013 2014* Total raised capital (EUR) Capital from Estonia (EUR) *Estonian Startup Crowdsourced database!
  • 11. What does Estonia need ! to flourish startups? > Local supply of capital in early stages # > Technology transfer - skills and financing# > Entrepreneurs (in residence) # > International staffing for C-level# > Network and contacts#
  • 12. VCs in Estonian startups NextView Ventures, Matrix Partners Redpoint Ventures, Index Ventures, ! Dave McClure’s 500 Startups ! Index Ventures, Seedcamp Valar Ventures, SV Angels, IA Ventures!, and TAG Entrepreneurs Fund Intel Capital, Greycroft Conor Venture Partners, Fostergate Holdings Ltd, Partners Charles River Ventures, Atlas Venture,
  • 13.
  • 14. Estonian Business Angels Network EstBAN is an umbrella organization for business angels seeking investment opportunities in Estonia and its neighboring regions.
  • 15. In EstBAN we welcome all positive minded people with a passion for investing their time and funds into startups#
  • 16. Joint deal screening and due diligence# Individual decision making# Invest in syndicate or individually # Investment range between 20 - 500K€#
  • 17. We wanna be a serious player in EstVCA “1 billion” vision 2020.
  • 18. Angel investments vs GDP Estonia# Finland# Portugal#
  • 19.
  • 21.
  • 22.
  • 23. Sample deals 2013 > StartUp Wise Guys - companies (ca.14) > Gamefounders - companies (ca.10) > Satrian - electronics, investment 25K+€* > Oolala - e-commerce, 50K€* in syndicate > Cloutex - SaaS, syndicate > Cherry Media - e-commerce, 237K€* syndicate (follow up) > 3Dtech-RD - 3D platform 300K€* syndicate > NordCloud - SaaS, 300K€* syndicate > MyWind - wind turbine tech, 25K€* syndicate (follow up) > Goliath Wind - wind turbine tech, 165K€* syndicate (follow up) > Deltasight - SaaS, 47K€*, syndicate > SignWise - digital signature platform, syndicate > Marinexplore - SaaS, OS, BigData, syndicate (follow up) > Digital Sputnik - Lighting technology for film industry 800K, syn. > Plumbr – SaaS, 800K€, syndicate
  • 24. Challenges > Members are extremely busy with daily business - we are competing with family, friends and hobbies > Lack of experience in seed investments and syndication – let’s share & learn together, incl with FiBAN&EBAN > Need to promote business angels as an important part of the ecosystem - paradigm shift > To attract more angels we need to establish attractive co-investment schemes with Est/EU institutions
  • 25. EBAN action plan for 2014 - 2020 > Consider venture-capital types of loans instead of grants. > Creation of co-investment funds with early stage investors. > Tax breaks for early stage investors. > Investment readiness trainings for entrepreneurs and early stage investors. > Public awareness on early stage investing.
  • 26.
  • 27. „If you want to transform a society, you have to start with the young people, and give them the kind of education that will allow them to handle the future." Toomas Hendrik Ilves - President of the country where Skype was born #
  • 28. Thank you for your attention!! Ivar Siimar! Contact us for further information:! info@estban.ee ! www.estban.ee