Insight certainty 4/5 debate potential 2/5

Ljungman: Europe needs entrepreneurs investing in entrepreneurs

Mattias Ljungman · 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado · Aug 31, 2015 · at 4:42

Matthias Ljungman, co-founder of Atomico, recalls his initial pitch to Skype co-founder Niklas Zennström to start Atomico.

0:00 / 0:04exact quote · 4.3s
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“What Europe needs is entrepreneurs, investing entrepreneurs, and I think you're the best guy to do this.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Mattias Ljungman

Assertion Supported
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 Ljungman Aug 31, 2015 ▶ 9:07 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Contradicted
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 Ljungman Aug 31, 2015 ▶ 17:56 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
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 Ljungman Aug 31, 2015 ▶ 9:54 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Not 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 Ljungman Aug 31, 2015 ▶ 7:46 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
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 Ljungman Aug 31, 2015 ▶ 9:41 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
Ljungman: Most billion-dollar tech companies were created the year iPhone launched
“I think it really, the dawn of the iPhone was pretty amazing, and I think, if you look statistically, the year that the iPhone was launched is also the year that most billion dollar companies were created, and I think that that might be just a You know, that j…”
Mattias Ljungman Aug 31, 2015 ▶ 11:54 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
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