1. Martin Mignot of Index Ventures gave a presentation on trends in European IT to the European IT Summit. 2. He discussed Index Ventures' focus on helping European entrepreneurs build global leaders. They have offices in Geneva, London, and San Francisco and have invested in over 200 companies. 3. Mignot said Europe has great infrastructure, education, capital, and consumers to support technology companies, and unicorns are multiplying in Europe. However, exits need to continue growing.

1. Index Ventures
Venture Capital
Trends
Presentation to European IT Summit, Reims
March 6th, 2014
Mar$n
Mignot
@mar&nmignot

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

3. A few words about
Index

4. Index Ventures!
One Mission
Help European entrepreneurs build global leaders
4

5. Index Ventures!
One Team
Geneva, London, San Francisco
5

6. Index Ventures!
200 Companies
Enterprise + Consumer
6

7. Index Ventures!
2 (not so) Secret Weapons
+
7

8. The coming of age
of European tech

9. Index Ventures!
BUILD SELL RUN FUND
No Better Times To Be An Entrepreneur
9

10. Index Ventures!
Exceptional Scale / Incredible Speed
Source: King F1 Filing
10

11. Index Ventures!
Europe Has Got What It Takes
Infrastructure Education
Capital Consumers
EXITS?
11

12. Index Ventures!
And Unicorns Are Multiplying
12

13. What are we
seeing?

14. Index Ventures!
Three Waves Of Disruption
IT users are consumers too
Bitcoin is revolutionizing finance
The 3 Ps of mobile transformation:
Penetration, Performance, Polymorphism
14

15. Index Ventures!
Welcome To A 100% Mobile World
15

16. Index Ventures!
Software Is Eating Up The World
Core of the
digital economy
(6% GDP)
1
Sectors being
digitalized
(12% GDP)
2
Sectors leveraging
technology
(60% GDP)
3
Sectors still
untouched
(22% GDP)
4
Numbers from 2009!
16

17. Index Ventures!
Software Is Getting Smarter
17

18. Index Ventures!
The Future Is Now
18

19. Index Ventures!
And It Is Everywhere
19

20. Index Ventures!
Three Waves Of Disruption
IT users are consumers too
Bitcoin is revolutionizing finance
The 3 Ps of mobile transformation:
Penetration, Performance, Polymorphism
20

21. Index Ventures!
There Are No “Corporate” Users
21

22. Index Ventures!
The Great Unbundling Of Legacy Software
22

23. Index Ventures!
Planet Of The APIs
23

24. Index Ventures!
New World => New Threats => New Opportunities
July 2013 | $2.7bnJan 2014 | $1.5bnJan 2014 | $1bn
IPO Nov 2013 | +66% IPO Jul 2012 | +33% IPO Apr 2012 | +200%
24

25. Index Ventures!
Three Waves Of Disruption
IT users are consumers too
Bitcoin is revolutionizing finance
The 3 Ps of mobile transformation:
Penetration, Performance, Polymorphism
25

26. Index Ventures!
Store Of Value
26

27. Index Ventures!
Mean Of Exchange
27

28. Index Ventures!
Payment Protocol
28

29. Index Ventures!
Supercomputer
29

30. Index Ventures!
Political Force
30

31. Index Ventures!
My Dad Tried To Buy Bitcoins…
31

32. 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
32

33. Thank you