Index Ventures

Venture Capital Trends Presentation to European IT Summit, Reims

March 6th, 2014

Mar$n  Mignot  @mar&nmignot  

Index Ventures!

Agenda

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1.  A few words about Index 2.  The coming of age of European Tech 3.  What are we seeing?

A few words about Index

Index Ventures!

One Mission

Help European entrepreneurs build global leaders

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Index Ventures!

One Team

Geneva, London, San Francisco

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Index Ventures!

200 Companies

Enterprise + Consumer

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Index Ventures!

2 (not so) Secret Weapons

+

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The coming of age of European tech

Index Ventures!

BUILD SELL RUN FUND

No Better Times To Be An Entrepreneur

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Index Ventures!

Exceptional Scale / Incredible Speed

Source: King F1 Filing

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Index Ventures!

Europe Has Got What It Takes

Infrastructure Education

Capital Consumers

EXITS?

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Index Ventures!

And Unicorns Are Multiplying

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What are we seeing?

Index Ventures!

Three Waves Of Disruption

IT users are consumers too

Bitcoin is revolutionizing finance

The 3 Ps of mobile transformation: Penetration, Performance, Polymorphism

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Index Ventures!

Welcome To A 100% Mobile World

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Index Ventures!

Software Is Eating Up The World

Core of the digital economy

(6% GDP)

1 Sectors being digitalized (12% GDP)

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Sectors leveraging technology (60% GDP)

3 Sectors still untouched (22% GDP)

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Numbers from 2009!

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Index Ventures!

Software Is Getting Smarter

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Index Ventures!

The Future Is Now

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Index Ventures!

And It Is Everywhere

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Index Ventures!

Three Waves Of Disruption

IT users are consumers too

Bitcoin is revolutionizing finance

The 3 Ps of mobile transformation: Penetration, Performance, Polymorphism

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Index Ventures!

There Are No “Corporate” Users

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Index Ventures!

The Great Unbundling Of Legacy Software

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Index Ventures!

Planet Of The APIs

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Index Ventures!

New World => New Threats => New Opportunities

July 2013 | $2.7bn Jan 2014 | $1.5bn Jan 2014 | $1bn

IPO Nov 2013 | +66% IPO Jul 2012 | +33% IPO Apr 2012 | +200%

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Index Ventures!

Three Waves Of Disruption

IT users are consumers too

Bitcoin is revolutionizing finance

The 3 Ps of mobile transformation: Penetration, Performance, Polymorphism

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Index Ventures!

Store Of Value

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Index Ventures!

Mean Of Exchange

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Index Ventures!

Payment Protocol

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Index Ventures!

Supercomputer

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Index Ventures!

Political Force

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Index Ventures!

My Dad Tried To Buy Bitcoins…

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Index Ventures!

Take-aways

We have never been busier…

Technology doesn’t know geography and Europe is well positioned

Large exits are multiplying, which will strengthen the ecosystem

Software is eating up the world

We believe crypto currencies will revolutionize finance

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Thank you