http://idcee.org/p/philippe-botteri-accel-partners/
Philippe has worked in the technology industry for the past 14 years, most of it based in Silicon Valley. Since joining Accel, Philippe's focus has primarily been on Cloud Computing, SaaS and Internet sectors and he led the firm’s investment in Blablacar, the leading European ridesharing community and Docusign, the global SaaS leader in electronic signature. Prior to joining Accel, Philippe worked close to five years in the Menlo Park office of Bessemer Venture Partners, a global venture firm, where he led or supported investments in early and late stage companies in the US and Europe, including: Cornerstone OnDemand (NASDAQ: CSOD), Eloqua, Criteo, Bizo, Involver (acquired by Oracle), Intacct, Intego, Adap.tv and Retail Solutions.
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4. My background: from Europe to Silicon
Valley… and back!
1998-2006
Paris – Silicon Valley
2006-2011
Silicon Valley
Since 2011
London
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5. We mean “Global”
Track record of 225+ exits
• Founded in 1983 • Over 500 companies
- 100+ public offerings
• $9 billion in capital under
- 125+ mergers or sales
management
• Stage agnostic • Added-value partner
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6. Key trends we are betting on
Big Data
& Cloud Computing
Gaming
Mobile
Social
Next Generation
ecommerce &
marketplaces
Emerging
Geographies
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7. “Runet” Now Largest Internet Market
in Europe and Most Underpenetrated
80 100%
80%
Broadband Penetration
60
72%
69%
Million Users
62% 61% 60%
64%
40 48% 47%
40% 40%
37%
32%
20
20%
0 0%
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8. Strong Macro Trends in the Region
• 400m+ people in the region
• GDP of $3T+ with most countries growing 2-5%+
• 15m Online Shoppers and $11B ecommerce in Russia alone
(expected to reach $19B by 2015)
• 1.7 mobile phone per person in Top 4 EE countries
(vs. 1.2 in GE, 1.3 in Brazil and 0.8 in India and China)
• Exceptional talent pool
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9. Today’s Champions
Home Champions Global Champions
• Large domestic market • Addressing global market
• Category leadership • Unique IP
• Mostly Internet & eCommerce • Strong sales & marketing
• Software & Security, Gaming, Mobile
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10. Tomorrow’s Global EE Champions:
Big Data
247B emails are sent every day day
$600 to buy a disk drive that can store all of the
world’s music
30B pieces of content shared on Facebook every month
40% projected growth in global data generated
By 2020, the production of data will be 44 times what we
produced in 2009
15 out of 17 sectors in the United States have
more data stored per company than the US Library of Congress
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11. The Accel 4 “V” of Big Data
Volume Opportunities
Rising amount from
mobile, machines, social media web logs…
• Storage
Velocity
Need for real time results requiring data • Data Management
updated at faster and faster rates
• Platforms
Variety
Analyzing structured and unstructured
data • Analysis/BI
Value • Business
Business intelligence to drives insights applications
beyond data scientists
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12. Tomorrow’s Global EE Champions:
Cloud Computing
Private/ Hybrid Virtualization
New Devices
Cloud Big Data (desktop, server
(Tablet, Phones)
)
Consumerization
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13. Tomorrow’s Global EE Champions:
Mobile
Evolution of computing platforms since 1960
1,000,000 Smartphone
Ubiquity Mobile s
Internet
100,000
Desktop
Connectivity
Internet
Tablets
10,000
Volume
Integration
Car
1,000
Processing PC 10B+ electronics
Power Units?
100 1B+
Minicomputer Units Mobile
10 100M+ Units gaming
Mainframe
10M+ Units
console
1
1M+ Units Ebooks
1960 1970 1980 1990 2000 2010 2020
….
Accel Confidential Source: ITU, Morgan Stanley Research 13
15. Thank you!
Slides available on my blog: www.cracking-the-code.blogspot.com
Follow me on Twitter @pbotteri
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16. Disclaimer
This document has been prepared by Accel Partners Management LLP (hereinafter Accel). Accel
is a limited liability partnership incorporated in England and Wales with registered number
OC303424, having its registered office at 16 St James’s Street, London, SW1A 1ER. Accel is
authorised and regulated by the Financial Services Authority (the "FSA") and is entered on the
FSA register with registration number 222503.
This document is provided for information purposes only and does not constitute an offer or a
recommendation to purchase or sell any security or service. It is not intended for distribution,
publication, or use in any jurisdiction where such distribution, publication, or use would be
unlawful.
This document forms part of a presentation to persons who have been invited to attend such
presentation and must be read and considered in the context of that presentation only.
This document does not contain personalized recommendations or advice and is not intended to
substitute any professional advice on investment in financial products. Before entering into any
transaction, an investor should consider carefully the suitability of a transaction to his/her
particular circumstances and, where necessary, obtain independent professional advice in respect
of risks, as well as any legal, regulatory, credit, tax, and accounting consequences.
This document is the property of Accel and is addressed to its recipient exclusively for their
personal use. It may not be reproduced (in whole or in part), transmitted, modified, or used for any
other purpose without the prior written permission of Accel.
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Hinweis der Redaktion
We are facing uncertain times – volatility has never been that high in the economy: Eurozone crisis, china GDP slowing down from 10% to 7% GDP growth, Turkey from 8% last year to 3% this year, US election coming…The world is changing faster than ever. Economic cycles are acceleratingFirst lets acknowledge the context – its not great out there I couldn’t find more depressing buzz words on one page - Eurozone crisis, declerating growth in the US, China slowdown, risk on Risk off investing – And something we can’t ignore - even London property prices fell in the past month I am sure this will be covered extensively throughout the day today
On the other side, the recent flow of US tech IPO has been positive with Workday valued at 15x revenues and rising 75% on its first day of trading. Eloqua and Service Now are up 40-50% since its IPO this summerAre we being optimistic or is technology the silver lining in this uncertain world?We believe it is and Eastern Europe is a great part of the story for us
May be I should first introduce myself and AccelFocus on Cloud computing and Internet
Our firm is focusing on 6 trendsEastern Europe plays a key role for our fund
Why we like Eastern Europe:- Runet is largest market and underpenetratedRussia now 53m growing 14%Germany 51m growing at 2%
Very strong macro trend in the regionRussia is 142m people, Ukraine 45m, Poland 40mTalent pool:Strong school/ universities (first to put people in space in 1961)Moscow team won the 2012 FB Hackathon (Boostmate, analyzes social interactions and rank your closest friends)Even more relevant today as company can get started without capex by leveraging new technologies like AWS, open source…
Eastern Europe has proven its ability to create champions – we like to classify them in two categories: local and globalYandex: $7.5BMail.ru: $6.8BSkype: $8.5BLogMeIn: $0.5B
Where do are we looking for the next Champions: three areasFirst: Big Data…is big!
We look at Big Data across 4 VsTraditional relational databases struggle to support increased Volume and Velocity and were fundamentally not architected to support VarietyLeveraging data effectively to identify insights and take action will increasingly become a critical factor for how businesses competeBetter fact-based decision making, improved customer experience, increased sales, product innovation, operational efficiencies, higher quality products/services
Second area is cloud computing – you all know the three layers of cloud with Iaas, Paas, SaaSWe see today several factors that are pushing the boundaries of cloud computing and create opportunities:Mobile/ cross platform: HTML5 vs. native apps, new use case and app redesignPrivate/ hybrid cloud (enterprise): new architectureBig Data: new architecture, new applications, new management toolsVirtualization: making cloud more flexible but requires management tools Consumerization: impact all aspects of Cloud – need for simplicity
Mobile is the next evolution of computing platformsComputing history started in the 60’s with Mainframe ($x00,000+), it evolved with mini computers (less than $25k), PCs ($x0,000), desktop (x,000) and now mobile ($500 & less).Along this evolution:price went down by an order of magnitude at each stepnumber of devices increased by an order of magnitude at each stepSize decreased from a room to a pocketConnectivity increased by 10,000xResult is that today, people are in their pocket a small computer and connected to the internet, opening the doors to entirely new markets---------------------Connectivity evolved from 300 bits per second to 5MB+ per second (10,000x faster)PC installed base reached 100MM in 1993, cellphone/Internet users reached 1B in 2002/2005 respectively ITU: International Telecommunication Union
These categories have the potential to disrupt billion dollar industriesGaming: Accel portfolio company Supercell: Clash of clans: top 1, Hay Day, top 4 grossing app in the US, grew to $0.5m per day in a few months ($180m run rate)This concludes my presentation – to summarize, we see EE as a great talent pool and are very active in the region. We hope to fund and help build the next generation of EE stars!