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#MadeInEU

Christian Hernandez Gallardo
@christianhern
Slush. Helsinki. November, 2013.
How I ended up here

2
How I ended up here

FB Platform #MadeInEU

3
How I ended up here

4
Who is White Star Capital?

TEAM

10+

5

2

3

100+

Countries worked
in

Languages

IPOs

Acquisitions

M&A deals

PORTFOLIO

Canada

U.K.
Sweden

West Coast

3
Exited

Exited

1
Germany
1

5

3
4
East Coast

1
Portugal

1

France

5
Europe, let’s talk about our Valley problem

6
What drives Entrepreneurship?

Cultural support for risk taking

Roles models

Support Network

Access to funding

7
Source: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=1448796
Cultural support and the “Mom Factor”

8
Role models & support network

Heroes #MadeInEU

9
Entrepreneurs of all ages and from all corners

Heroes #MadeInEU

10
Access to Funding: We’re selling ourselves short!
US Average
Investment by Stage
12
9.8

9.1

5.4
3.4

4.9

4.6
4.5

2.7
2.4

2.5

8.3
7.4
5.1
5

8

4

3

10.9

10

6

European Average
Investment by Stage

5.8

Seed
Early

3.4
2.3

2
0

Late

2

1.6

1.5

1.5
1.1

1
0.5

1.5

0.4

1.5
1.1

0.6
0.3

0.3

2009

2010

1.4
1.1
0.5

0
2007

2008

2009

2010

2011

2007

2008

2011

Source: 1. NVCA; 2. EVCA

Are US companies really 5-6X more
valuable at the early stages of development?

Risk Capital #MadeInEU

11
No better time to be long on Europe

Macro
Burning
platform

Angels
& VCs
focused
Density of on seed
Mentors

Global
access via
platforms

Unicorns!

Unicorns #MadeInEU

12
#MadeInEU

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#MadeInEU Christian Hernandez White Star Capital Slush 2013

  • 2. How I ended up here 2
  • 3. How I ended up here FB Platform #MadeInEU 3
  • 4. How I ended up here 4
  • 5. Who is White Star Capital? TEAM 10+ 5 2 3 100+ Countries worked in Languages IPOs Acquisitions M&A deals PORTFOLIO Canada U.K. Sweden West Coast 3 Exited Exited 1 Germany 1 5 3 4 East Coast 1 Portugal 1 France 5
  • 6. Europe, let’s talk about our Valley problem 6
  • 7. What drives Entrepreneurship? Cultural support for risk taking Roles models Support Network Access to funding 7 Source: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=1448796
  • 8. Cultural support and the “Mom Factor” 8
  • 9. Role models & support network Heroes #MadeInEU 9
  • 10. Entrepreneurs of all ages and from all corners Heroes #MadeInEU 10
  • 11. Access to Funding: We’re selling ourselves short! US Average Investment by Stage 12 9.8 9.1 5.4 3.4 4.9 4.6 4.5 2.7 2.4 2.5 8.3 7.4 5.1 5 8 4 3 10.9 10 6 European Average Investment by Stage 5.8 Seed Early 3.4 2.3 2 0 Late 2 1.6 1.5 1.5 1.1 1 0.5 1.5 0.4 1.5 1.1 0.6 0.3 0.3 2009 2010 1.4 1.1 0.5 0 2007 2008 2009 2010 2011 2007 2008 2011 Source: 1. NVCA; 2. EVCA Are US companies really 5-6X more valuable at the early stages of development? Risk Capital #MadeInEU 11
  • 12. No better time to be long on Europe Macro Burning platform Angels & VCs focused Density of on seed Mentors Global access via platforms Unicorns! Unicorns #MadeInEU 12