Mattias Ljungman, partner at venture firm Atomico, discusses tech adoption trends in emerging markets to justify investing in Truecaller.
0:00 / 0:05exact quote · 5.3s
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“Most people today living in India, they will, they're not using laptops, they're doing directly into smartphones.”
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More from Mattias Ljungman
AssertionSupported
Ljungman: Only 2-3 local European VC funds focus on Series B+
“There's not as many funds focused on the sort of B and beyond. That are very much, you know, local European funds. You know, there's only a few of them. There's literally less than, well, I would say there's really two or three if you look pure, pure VC funds.”
Mattias LjungmanAug 31, 2015▶ 9:0720 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
AssertionContradicted
Ljungman: Stockholm matches San Francisco in per-capita billion-dollar startups
“Stockholm now has as many Billion-dollar companies per capita as the U.S. Sorry, San Francisco, and we need one more, and there'll be bigger, you know, so there'll be more, sort of, billion-dollar companies being created coming out of Stockholm.”
Mattias LjungmanAug 31, 2015▶ 17:5620 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
AssertionSupported
Ljungman: European VC is 6-7x smaller than US, 12x at later stages
“Even though the, you know, I think the amount of capital that's being invested going into VC today is about 30% more than last year, we're still six or seven times smaller than the US. And if you go into the later stages, we're about 12 times smaller.”
Mattias LjungmanAug 31, 2015▶ 9:5420 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Insight
Ljungman: Europe needs entrepreneurs investing in entrepreneurs
“What Europe needs is entrepreneurs, investing entrepreneurs, and I think you're the best guy to do this.”
Mattias LjungmanAug 31, 2015▶ 4:4220 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
AssertionNot checkable as stated
Ljungman: European VC funding is heavily concentrated in seed and Series A
“In Europe right now, there's a lot of money going into seed in Series A”
Mattias LjungmanAug 31, 2015▶ 7:4620 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
AssertionSupported
Ljungman: Europe has produced more annual STEM graduates than the US
“Europe is producing more STEM students every year over the last 10 years compared to the U.S.,”
Mattias LjungmanAug 31, 2015▶ 9:4120 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
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