Max Gurvits - CCC Startups - Bulgaria - Stanford Engineering - Mar 9 2015
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Transcript of Max Gurvits - CCC Startups - Bulgaria - Stanford Engineering - Mar 9 2015
Tech and startups in Bulgaria Max Gurvits Partner, CCC Startups
@MxGur @CCCStartups
European Entrepreneurship & Innova1on @ Stanford Engineering March 9 2015
Bulgaria - Venture activity 2007-now
110 companies
2/3 local founders
2/3 of that EU public funding
No significant exits
EUR 80m invested
Bulgaria - Local market has
60% internet penetration
35% smartphone penetration
25% payment card penetration
USD 7,500 per capita GDP
Bulgaria - Local market hasn’t
Research Fundamental technology experience Business development skills Smart capital
Real addressable venture market
5 seed rounds per year 2 series A rounds per year 1 exit per 2-3 years
What we do – CCC Startups
CCC Startups – investments and support
Startup AddVenture – building communities
Ways to leverage tech Bulgaria from Silicon Valley
Recruit from community of 500+ startup operators with minimum experience Add biz dev skills through co-foundership Invest in 1-2 annual deals with potential