Comments on: Why I think that venture capital in Europe will grow http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/ Nic Brisbourne's view from London on venture capital and exploiting change in technology and media Sat, 11 Feb 2012 20:08:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: samtysrt http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-7782 samtysrt Fri, 11 Jun 2010 15:54:03 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-7782 At the core, Sunrise Capital is a team of highly accomplished financial professionals with a range of skills and qualifications which enable us to advise confidently and competently on most aspects of portfolio management and associated financial planning issues including specialist areas. <a href="http://www.sunrisecapital.com.pk/" rel="nofollow"> kse </a> At the core, Sunrise Capital is a team of highly accomplished financial professionals with a range of skills and qualifications which enable us to advise confidently and competently on most aspects of portfolio management and associated financial planning issues including specialist areas. kse

]]> By: Fred Destin http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-6431 Fred Destin Fri, 06 Feb 2009 15:30:39 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-6431 Hey man, sorry I missed this response. I think we have a problem right now: we have not shown that we can make money, and most LPs have run out of patience. I think there are few funds who have returned significantly more than capital, probably Index, Mangrove, Banexi in the old days, but not many since 1998. So many funders have run out of patience or stopped believing in the "asset class". And who would blame them. That adds to our woes as an industry. I am naturally bearish, but right now preparing for the worst, unfort. Hey man, sorry I missed this response. I think we have a problem right now: we have not shown that we can make money, and most LPs have run out of patience. I think there are few funds who have returned significantly more than capital, probably Index, Mangrove, Banexi in the old days, but not many since 1998. So many funders have run out of patience or stopped believing in the “asset class”. And who would blame them. That adds to our woes as an industry. I am naturally bearish, but right now preparing for the worst, unfort.

]]> By: Fred Destin http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4425 Fred Destin Fri, 06 Feb 2009 08:30:39 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4425 Hey man, sorry I missed this response. I think we have a problem right now: we have not shown that we can make money, and most LPs have run out of patience. I think there are few funds who have returned significantly more than capital, probably Index, Mangrove, Banexi in the old days, but not many since 1998. So many funders have run out of patience or stopped believing in the "asset class". And who would blame them. That adds to our woes as an industry. I am naturally bearish, but right now preparing for the worst, unfort. Hey man, sorry I missed this response. I think we have a problem right now: we have not shown that we can make money, and most LPs have run out of patience. I think there are few funds who have returned significantly more than capital, probably Index, Mangrove, Banexi in the old days, but not many since 1998. So many funders have run out of patience or stopped believing in the “asset class”. And who would blame them. That adds to our woes as an industry. I am naturally bearish, but right now preparing for the worst, unfort.

]]> By: brisbourne http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4270 brisbourne Mon, 19 Jan 2009 06:29:13 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4270 Not so sure about that Scott - most of the big exits recently have still been venture backed. Even if there haven't been many ;(<br>Nic Brisbourne<br>Partner, DFJ Esprit<br>Email: <a href="mailto:nic@dfjesprit.com" rel="nofollow">nic@dfjesprit.com</a><br>Tel: 07990 567 993<br>Blog: <a href="http://www.theequitykicker.com" rel="nofollow">www.theequitykicker.com</a> Not so sure about that Scott – most of the big exits recently have still been venture backed. Even if there haven't been many ;(
Nic Brisbourne
Partner, DFJ Esprit
Email: nic@dfjesprit.com
Tel: 07990 567 993
Blog: http://www.theequitykicker.com

]]> By: rafer http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4269 rafer Mon, 19 Jan 2009 00:52:58 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4269 I was just clarifying to make sure I knew that I was completely on the opposite side of the argument. I think ICT is so, so cheap to build at this point that your argument doesn't hold up. We have lots of need of support, but almost none of that is money. I was just clarifying to make sure I knew that I was completely on the opposite side of the argument. I think ICT is so, so cheap to build at this point that your argument doesn't hold up. We have lots of need of support, but almost none of that is money.

]]> By: brisbourne http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-11771 brisbourne Thu, 15 Jan 2009 09:30:00 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-11771 Henry - the points you raise mostly fall within what I would describe as the entrprenneurial culture. We have had the first few big exits in recent years (e.g. Skype, MySql, CSR QCells and Bebo) and these are having the effect of making 'entrepreneur' a more acceptable career choice. This stuff takes time, but it is coming. The differences between European countries are a different matter. They don't help, but they are becoming less important over time. Nic Brisbourne Partner, DFJ Esprit Email: nic@dfjesprit.com Tel: 07990 567 993 Blog: www.theequitykicker.com Henry – the points you raise mostly fall within what I would describe as the entrprenneurial culture. We have had the first few big exits in recent years (e.g. Skype, MySql, CSR QCells and Bebo) and these are having the effect of making ‘entrepreneur’ a more acceptable career choice.

This stuff takes time, but it is coming.

The differences between European countries are a different matter. They don’t help, but they are becoming less important over time.

Nic Brisbourne
Partner, DFJ Esprit
Email: nic@dfjesprit.com
Tel: 07990 567 993
Blog: http://www.theequitykicker.com

]]> By: pjozefak (Paul Jozefak) http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4621 pjozefak (Paul Jozefak) Thu, 15 Jan 2009 08:57:55 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4621 Two good perspectives on VC in Europe: http://tinyurl.com/7lv7pd http://tinyurl.com/6t33jc (via <a rel="nofollow" href="http://twitter.com/brisbourne">@brisbourne</a>) Two good perspectives on VC in Europe: http://tinyurl.com/7lv7pd http://tinyurl.com/6t33jc (via @brisbourne)

]]> By: henryyates http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4250 henryyates Thu, 15 Jan 2009 08:14:20 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4250 Interesting point - I agree that timing is a big factor. However, different cultures, languages, regulation etc make it much harder to achieve the big exits. Big exits have a disproportionate effect on a start up ecosystem. This includes: 1. General perception (how many US school kids want to be like Larry & Sergey? I don't know the % of computer science grads in the US v Europe, however, I suspect it is much higher in the US); 2. the big exits help balance vcs' books 3. Big exit founders setting up funds - they will naturally be more inclined to fund early stage start ups due to their background; It would be interesting to see a graph of big exits ($500m+ in today's money?) over time for the US market. Interesting point – I agree that timing is a big factor. However, different cultures, languages, regulation etc make it much harder to achieve the big exits. Big exits have a disproportionate effect on a start up ecosystem. This includes: 1. General perception (how many US school kids want to be like Larry & Sergey? I don't know the % of computer science grads in the US v Europe, however, I suspect it is much higher in the US); 2. the big exits help balance vcs' books 3. Big exit founders setting up funds – they will naturally be more inclined to fund early stage start ups due to their background; It would be interesting to see a graph of big exits ($500m+ in today's money?) over time for the US market.

]]> By: brisbourne http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4249 brisbourne Thu, 15 Jan 2009 06:25:08 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4249 it is ICT centric Scott. Thanks for the clarification. I have minimal life sciences experience so I can't really speak for that sector. I wouldn't be surprised if it were true there too though. <br><br>Nic Brisbourne<br>Partner, DFJ Esprit<br>Email: <a href="mailto:nic@dfjesprit.com" rel="nofollow">nic@dfjesprit.com</a><br>Tel: 07990 567 993<br>Blog: <a href="http://www.theequitykicker.com" rel="nofollow">www.theequitykicker.com</a> it is ICT centric Scott. Thanks for the clarification. I have minimal life sciences experience so I can't really speak for that sector. I wouldn't be surprised if it were true there too though.

Nic Brisbourne
Partner, DFJ Esprit
Email: nic@dfjesprit.com
Tel: 07990 567 993
Blog: http://www.theequitykicker.com

]]> By: rafer http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4248 rafer Thu, 15 Jan 2009 03:09:54 +0000 http://www.theequitykicker.com/2009/01/14/why-i-think-that-venture-capital-in-europe-will-grow/#comment-4248 Is your comment ICT-centric or in general? Is your comment ICT-centric or in general?

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