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How Europe is producing ‘super startups’

How Europe is producing ‘super startups’ | cross pond high tech | Scoop.it

U.S. startups have traditionally had access to far higher levels of investment, giving them a head start when it comes to research and development and making it easier to attract to its shores the very best talent.

Yet the arms race is becoming closer. According to Dow-Jones VentureSource, the second quarter of 2014 saw over €2.1 billion ($2.4 billion at the current conversion rate) raised by European startups — the highest quarterly total since 2001. (For comparison’s sake, the figure for U.S.-based startups in that period was $13.8 billion.)

Encouraged by the success of European tech firms such as Shazam and Transferwise — both of which made valuations of billion dollars in early 2015 — more U.S. money is crossing the pond.

There is also an increasing confidence in investors that Europe has the talent pool to thrive, and there has not been an irreparable “brain drain” to Silicon Valley.

Philippe J DEWOST's insight:

Excellent post by @codordog ; @blablacar or @sigfox are the most recent "super startups" within @LaFrenchTech

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Say goodbye to accelerators and hello to IdeaMarket, Bill Gross' crowd-powered startup factory

Say goodbye to accelerators and hello to IdeaMarket, Bill Gross' crowd-powered startup factory | cross pond high tech | Scoop.it

At this initial stage, IdeaMarket will award 5 percent equity in the nascent venture to the idea originator and 5 percent to members of the crowd who meaningfully improved the idea during the comment period. Initial investors, which may include IdeaMarket and/or IdeaLab, will get as much as 20 percent depending on the amount they invest and IdeaMarket will get “a small piece,” in Gross’ words, that will vary from deal to deal in return for facilitating this matchmaking process. Founding teams will therefore be left 60 to 70 percent of these companies, a fairly standard figure for accelerator-stage companies with some early angel investment.

It’s not unheard of for investors to publish problems or ideas that they’d like to back. Y Combinator’s Paul Graham famously published seven such “frighteningly ambitious startup ideas” in 2012, a list that includes the next great search engine and a replacement for traditional universities. Just last week, prolific angel investor Jason Calacanis wrote his tens of thousands of email subscribers to suggest a “Lord of the Flies, Battle Royale gauntlet” over fixing the market for residential real estate reviews. In perhaps the most spectacular example, last summer, Elon Musk published his initial designs for the Hyperloop, a ultra-high speed modern transportation system, and invited anyone with the ability and the inclination to take a crack at making it a reality.

Philippe J DEWOST's insight:

"Ideas are a dime a dozen, it’s execution that is everything" couldn't agree more with Bill Gross

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BlaBlaCar: meet the ‘idealists’ who are set to change how the world travels and raised a $100M Series C to execute it

BlaBlaCar: meet the ‘idealists’ who are set to change how the world travels and raised a $100M Series C to execute it | cross pond high tech | Scoop.it

Paris-based long-distance ride-sharing startup BlaBlaCar announced a $100 million Series C funding round led by Index Ventures today. As part of the round, Index’s Dominique Vidal and Martin Mignot will be joining the board. Here, Dominique and Martin explain why Index is so excited about what lies ahead for the company.

The best consumer companies tend to be the simplest. They do one thing particularly well. So well, in fact, that its customers soon take them for granted, and forget that they ever lived without them, and that the premise the company is based on, was once viewed as unthinkable, even slightly ridiculous. BlaBlaCar falls squarely into that category.

Philippe J DEWOST's insight:

Interesting insight from the Index Venture post : "the need BlaBlaCar is addressing is not only universal, but also fundamental. Jeff Bezos has a great way of explaining how he thinks about Amazon's value proposition in the long run: "I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time."

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Scoop.it Raises $2.6 Million & Appoints New Executive

Scoop.it Raises $2.6 Million & Appoints New Executive | cross pond high tech | Scoop.it

Scoop.it, a leading social curation publishing hub, today announced it has raised $2.6 million. Visited by more than 75 million people worldwide in just 18 months since its launch in 2011, Scoop.it's success has led to the appointment of a new executive, Andrew Federici, as vice president of monetization to increase Scoop.it's growing base of paid customers.

 

Scoop.it pivoted two and a half years ago from an application mobile technology called Goojet, which received the initial funding of a seed and partial Series A round. Altogether, Goojet and Scoop.it have raised $13.6 million including the recent addition of$2.6 million from Partech International, Elaia Partners, IXO Private Equity and Orkos Capital.

 

"Since launch 18 months ago, we have seen our user traction grow on our platform and freemium services," said Scoop.it co-founder and CEO, Guillaume Decugis. "We felt it was time to accelerate the delivery of value-added premium features to our paid users, and we hired Andrew Federici because of his expertise in product monetization and his impressive media background."

Philippe J DEWOST's insight:

A nice funding round for a nice startup with a very useful product !

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Larry's comment, July 31, 2013 1:57 AM
2,6million$ ? What do they lack to make a profitable autonomous company ?
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Exclusive: Nest has raised another $80M, now shipping 40K+ thermostats a month

Exclusive: Nest has raised another $80M, now shipping 40K+ thermostats a month | cross pond high tech | Scoop.it

Smart thermostat startup Nest has closed on a round of $80 million, we’ve learned, and the funding was done at a post money valuation of $800 million. Google Ventures led the round, and Venrock participated as a new investor, according to our sources. Nest is currently listed on Venrock’s site.

The company has raised this round to continue its growth; it’s now shipping 40,000 to 50,000 of its learning thermostats per month. If the company’s growth continues at this current rate, Nest could reach a shipment rate of 1 million thermostats per year by the summer, say our sources. Note, that’s shipments, not sales, though the figures are clearly closely related.

Philippe J DEWOST's insight:

Global Warming: this is getting super hot !

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The secret algorithm one VC firm uses to pick entrepreneurs

The secret algorithm one VC firm uses to pick entrepreneurs | cross pond high tech | Scoop.it
Every VC firm has its own way of evaluating potential investments. Remmy Oxley, an anonymous VC, says that Moneyball-style methods are the next step, and reveals his firm's algorithm for screening candidates.
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Front raises $3.1M to take the misery out of enterprise email through intelligent collaboration

Front raises $3.1M to take the misery out of enterprise email through intelligent collaboration | cross pond high tech | Scoop.it

Email has long been the scourge of many office places, with inboxes often resembling warzones of unread messages, stars and tags, missing attachments, and all around chaos around next steps for each item. These problems are only exacerbated when multiple people are included on an email chain.

Front is a shared inbox and collaboration platform for enterprise email that looks to solve many of these problems. Today, the Summer 2014 Y Combinator grad announced $3.1 million in Seed funding in a round led by SoftTech VC, with participation from BOLDStart, Point Nine Capital and Caffeinated Capital. The formerly Parisian company is now permanently headquartered in the Bay Area.

“Email is great, but it was invented for one-to-one communication,” says Front co-founder and CEO Mathilde Collin. “Unfortunately, email is regularly used for one-to-many, and many-to-one communication. We wanted to make email useful again for companies.”

Philippe J DEWOST's insight:

Almost a @LaFrenchTech story and a sane reminder that email is neither dead nor perfect

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The Revival Of Semiconductor Funding

The Revival Of Semiconductor Funding | cross pond high tech | Scoop.it

Over the past few years the semiconductor funding ecosystem experienced a downturn. According to the GSA survey, there were only five Series A semiconductor funding rounds and 10 exits in 2010 in North America, Europe and Israel. Most of the VCs who invested in semiconductors shifted their focus to software startups due to higher scalability, faster time-to-exit and low cost of failure.

However, I believe semiconductor funding hit bottom in 2013, and it is slowly coming back. I analyzed publicly available transaction data from CrunchBase and discovered promising insights about recent funding trends.

Philippe J DEWOST's insight:

I'm not dead... I'm getting better #MontyPython #HolyGrail #HardwareIsNotDead #OCP

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Apsalar Raises $9M Series B Led by DCM to Expand Mobile DSP

Apsalar Raises $9M Series B Led by DCM to Expand Mobile DSP | cross pond high tech | Scoop.it

Apsalar, a leading mobile advertising and analytics company, today announced that it has closed a $9 million Series B round of financing.  The round was led by DCM, with participation from Correlation Ventures and existing investors, including Thomvest Ventures and DN Capital.Apsalar’s data-powered mobile advertising product, a mobile Demand-Side Platform (DSP), helps mobile app marketers and agencies buy high-ROI mobile ads for their apps across over 70 networks and real-time bidding (RTB) exchanges, using one centralized platform.  The company taps into the power of behavioral targeting, using its anonymized first-party data on over 800 Million mobile app users to help advertisers more effectively acquire and retarget profitable and engaged users.

Philippe J DEWOST's insight:

Congrats To Fazal and Michael !

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Accel Goes Big Into Big Data with Second $100M Fund

Accel Goes Big Into Big Data with Second $100M Fund | cross pond high tech | Scoop.it

Accel Partners, which has invested in Cloudera, Fusion-io and RelateIQ, is making a further big push into big data, as it announces the creation of a second fund focused on startups that are storing, analyzing and harnessing the power of data analytics.

The funding for the $100 million Big Data Fund 2 will come from Accel’s other investment vehicles worldwide, including Accel London IV, a new $475 million European and Israeli tech-focused fund that was announced in April.

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$1 Billion In Seed Funding Will Be Vaporized As 1,000 Startups Die Next Year

$1 Billion In Seed Funding Will Be Vaporized As 1,000 Startups Die Next Year | cross pond high tech | Scoop.it
The so-called Series A crunch isn't the problem.
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Criteo lève 30 millions d'euros

Criteo lève 30 millions d'euros | cross pond high tech | Scoop.it

Ce tour de table doit permettre d'alimenter l'impressionnante croissance du groupe.

 

Créée en 2005, la start-up a généré un chiffre d'affaires de 9 millions de dollars en 2009, puis de 60 millions en 2010, et de 200 millions l'année dernière. Et le rythme devrait se poursuivre cette année, avec en plus un plan de recrutement de 250 salariés, qui permettra d'étoffer une structure aujourd'hui composée de 700 salariés.

 

La raison de ce succès : une solution de « publicité display à la performance ». La société propose ainsi aux annonceurs des espaces publicitaires personnalisés en fonction des habitudes de navigation de l'internaute qu'elle recueille de façon anonyme et qu'elle exploite via un algorithme développé spécialement. Une solution qui lui permet de revendiquer un taux de clic dix fois supérieur au marché, aux alentours de 0,6 %. De quoi lui permettre d'envisager l'avenir avec sérénité, et notamment une introduction en Bourse. «  On se met en ordre de bataille», commente sobrement Jean-Baptiste Rudelle.

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