Nordic Entrepreneurial Ecosystems by Venture Capitalist Staffan Helgesson, Partner at Creandum
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STOCKHOLM TUESDAYS 4.0! #uLabsTuesday @shelgesson @creandum Copyright CREANDUM 2013
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Nordic Entrepreneurial Ecosystems by Venture Capitalist Staffan Helgesson, Partner at Creandum
Transcript of Nordic Entrepreneurial Ecosystems by Venture Capitalist Staffan Helgesson, Partner at Creandum
STOCKHOLM TUESDAYS 4.0! #uLabsTuesday
@shelgesson @creandum
Copyright CREANDUM 2013
THIS IS CREANDUM
CREANDUM’s investment focus is made up by four key principles
> Create early stage diversified technology portfolio
> Make sure of homerun potential
> Be the first institutional investor
> Nordic focus and opportunistic elsewhere
To be the leading technology venture capital fund in Europe measured by reputation and returns
“ ”
Some CREANDUM investments
ENTREPRENEURIAL ECOSYSTEMS
The Dinosaur Problem
The Official Solution – More R&D
Todays Nordic Winners
Tomorrows NEW companies come out of today’s OLD/EXISTING
companies, not
Academia and Public R&D Investment Companies
“
”
The Ecosystem is the solution
Service providers
Community
Limited Partners
VC’s & Angels
Incubators/ Accelerators
Entrepreneurs
Tax, Legal & Public
Framework
Enterprises
Universities
Largest issues
Limited Partners
Tax, Legal & Public
Framework
Enterprises
NORDIC COMPANY BUILDING
Nordic technology firms represent significant portion of global BUSD exits…
Source: NVCA, EVCA, Thompson, Dow Jones, Creandum, Balderton
• Nordic companies represented 7.5% of all global billion dollar technology exits • In terms of M&A exit value, the Nordics represented ~18% vs the US during ‘06-’08 but only 5%
of active VC firms and likely 1-2% of capital under mgmt
IPO: 6.7 BUSD M&A: 2.75 BUSD IPO: 1 BUSD M&A: 1 BUSD
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Exit Value (MUSD) BUSD Technology Exits 2005-2012 (ytd) Nordic (4) Rest of Europe (7)
US (26) China (14) Others (3)
Source: Creandum
SendIt
10 MEUR 50 MEUR >100
MEUR
>250 MEUR
>500 MEUR
Exit Value
Revenue
Median Exit Value: 242 MEUR Average Exit Value: 483 MEUR
42 tech exits >100 MEUR past 10 years
THANK YOU!
#UlabsVentures @shelgesson @creandum
