European Billion $ Internet Club - Keynote by Mattias Ljungman, Partner of Atomico at the NOAH 2015 Conference in Berlin, Tempodrom on the 10th of June 2015.

1. Scaling at the speed of mobile:
how European tech companies are going global faster than
ever
©2015 Atomico, All rights reserved.

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Old Billingsgate, London Tempodrom, Berlin
12-13 NOV2015 8 - 9 JUN2016

3. BilliondollarInternetcompanies:2003-2009
8
@atomicoventures #billiondollardata

4. 11
BilliondollarInternetcompanies:2003-2010
@atomicoventures #billiondollardata

5. 28
BilliondollarInternetcompanies:2003-2011
@atomicoventures #billiondollardata

6. 46
BilliondollarInternetcompanies:2003-2012
@atomicoventures #billiondollardata

7. 91
BilliondollarInternetcompanies:2003-2013
@atomicoventures #billiondollardata

8. 182
BilliondollarInternetcompanies:2003–April 2015
@atomicoventures #billiondollardata

9. Morecompaniesarereachingbillion-dollarvaluationseveryyear
@atomicoventures #billiondollardata
1 1 2 2 3 6
16 19
46
65
Projected(63)
0
10
20
30
40
50
60
70
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
(YTD)
Number of Internet companies founded since 2003 reaching $B+ valuations per year

10. Entrepreneursaregoingglobalfasterthanever
Time taken to first internationalise from year of founding
@atomicoventures #billiondollardata
3.4
1.8
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Founded 2003-2008 Founded 2009+
Yearsfromfounding

11. Companiesarereaching100musersfasterthanever
Time taken in months to reach first 100m users
@atomicoventures #billiondollardata
72
25
0
10
20
30
40
50
60
70
80
Founded 2003-2008 Founded 2009+

12. Sizeofdomesticmarketisno longerabarriertosuccess
@atomicoventures #billiondollardata
Billion-dollar Internet companies founded since 2003 by population of country of origin
143
22
17
0
20
40
60
80
100
120
140
160
180
200
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Under 50m
50 to 150m
Over 150m

13. Entrepreneursfromsmallermarketsmustthinkglobal
@atomicoventures #billiondollardata
0%
15%
46%
100%
85%
54%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Under 50m 50 to 150m Over 150m (China, India, US)
Domestic
International
Billion-dollar Internet companies founded since 2003 by international expansion status

14. Timingofinternationalisationmatters– andvarieshugelyby sector
Average time to go international from year of founding by customer segment and sector
@atomicoventures #billiondollardata
2.0
4.1
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Consumer Enterprise
Yearsfromfounding
4.2
3.3
2.3
1.6
0.8
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Enterprise
Apps
Financial
Services
Retail Gaming Social
Yearsfromfounding

15. Asian companiestoleadathirdwaveofinternationalisation
Cumulative count of $B+ companies that have internationalised by region of origin
@atomicoventures #billiondollardata
0 1 2 3 5 7 12
26
46
72 74
0
20
40
60
80
100
120
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
North America Europe Asia
First wave: North America
Second wave: North America + Europe
Third wave: Asia

16. Insummary
• Our project shows that great companies can come from anywhere
• Technology companies are reaching super-scale faster than ever
• Companies from small markets, scale fast – and can win the race
• Asian entrepreneurs are the least likely to internationalise, but that’s set to change as they seek to
replicate their success at home, abroad
@atomicoventures #billiondollardata

17. atomico.com
@atomicoventures
©2015 Atomico, All rights reserved.
To explore the data and for more information on how we compiled the research, please visit atomico.com