Why Europe needs to seed

the growth of its new stars?

Saul Klein
Index Ventures
Should we really envy two small
areas?
Ruled over by 2 geeks and a
whiteboard….
$295bn
Or 2 geeks with an old skool
monitor….
$38bn
Or 1 geek and a spray-painted
sign…
$28bn
Or 1 geek, an MBA and a
consultant…
$36bn
Or 2 geeks, too much paper, a strange
clock
$156bn
$553bn of wealth creation,
ignoring…
And forgetting….
The ecosystem is primed for
success…

+ +
Constantly commercializing what’s
next….
So what about Europe?
We’ve always had creative
prodigies….
We still create global
entertainment…
Brands that define global luxury….
Brands that disrupt markets
globally….
We’ve given birth to powerful
technologies…
We have amazing young R&D
talent…
We have 7/10 top locations for young
coders
Experienced and willing venture
capital...
Entrepreneurs mentoring and seed
investing...
• Oliver Jung
• Saul & Robin Klein
• Samwers
• Klaus Hommels
• Niklas Zennstrom & Janus Friis
• Martin Varsavsky
• Stefan Glaenzer
• Michael Kleindel
• Brent Hoberman
• Hugo Burge and David Soskin
We’ve started to have some great
exits…
$4.1bn $1.1bn

$900m $366m
$575m

$265m $280m
$4.2bn
$1.7bn
We have a pipeline of web
leaders….
Online advertising is very
advanced…
EU has 11 of Top 15 broadband
markets
Mobile phones are everywhere….
 is now in 50
cities….
So go out there, think big, take some
risks…
It’s ok to fail…learn from your
mistakes
Pick yourself up and try again…
Let’s build Europe’s first
$10bn web business….
 saul@klein.name

http://localglo.be

http://www.opencoffeeclub.org
$3.9bn
$3.1bn