We love hosting Mini Seedcamp events in great cities across Europe, and Seedcamp Ljubljana was a full success last week. However, we’re always excited to hold our (now biannual) Seedcamp London – after all this is home for us and many of our investors and mentors.
The upcoming Mini Seedcamp London on August 11 will be the last opportunity for companies to become a fully-fledged member of the Seedcamp family and as a result, participate in Seedcamp Week 2011. The preparations for Seedcamp Week have started and we excited already for the largest Seedcamp event ever.
If further excitement is required, it definitely comes from looking at a spectacular list of mentors who are geared up and ready to spend the day with the selected top teams. Here is a small teaser of who will be present:
Best Tech Companies
If you have what it takes and want to be part of the action – applications are open until midnight Sunday 24th July. Make sure you let us know about your company, the current progress and status and your awesome team.
Apply here until Sunday night!
Our first Seedcamp New York was a huge success – we’re proud to say that our venture across the Atlantic bore some great results and left us certain that we will come back. We started off on Sunday with a pre-Seedcamp to meet up with all the teams – burgers and beers, what else. ERPLY, who hosted us back in February, made sure no one was left hungry, and it was a great opportunity to get to know the teams in advance. On Monday, we met everybody again, this time at the impressive Google cafeteria, to go through all the pitches and to prepare the teams for the onslaught of feedback they were sure to receive on Seedcamp day.
Tuesday kicked off with a great panel on Foursquare, the absolute poster child for a success story out of the Big Apple. Saul Klein interviewed Dennis Crowley (founder of Foursquare), Bryce Roberts (O’Reilly Alpha Tech Ventures), and Albert Wenger (Union Square Ventures) about the early days of the company, the ambitious take on a huge market, and the ways the founders and investors work together for a common goal. We were also struck by how formative the experience at Google was for Dennis in terms of the tools and lessons he applied in building Foursquare. We look forward to them expanding their team (hopefully) across Europe soon. The panel definitely set off the participants to shine during the pitches and presentations – 20 great startups, back to back, and well prepared by the feedback from Monday.
Mentoring sessions took place in the usual setting – although the quality and quantity of mentors definitely stood out. Never before did we have so many and such diverse mentors from both Europe, the US, and Canada, and the buzz continued throughout the afternoon. It was quite difficult to break up the discussions in the afternoon, but eventually everybody agreed that it was time to take the discussions outside. After a short panel about the success of Seedcamp companies in the US (ERPLY and Zemanta being our first outposts in the City), we broke for drinks on the 8th floor terrace with an incredible view of lower Manhattan.
Not only did we see 20 great teams on the day – we also took a large number of them to the Investment Interviews next day to determine who would join the Seedcamp Family. We are proud to announce today 4 (more than ever) new members of the family who convinced us about their product, vision, and tenacity to grow a great business:
This was the penultimate chance for teams to secure their place for Seedcamp Week September and applications flowed in from an impressive 34 different countries!
It’s always a challenging task, filtering through all the great ideas, talented teams and hugely awesome applications to select only twenty. The breadth of ideas and the diversity of teams was great, and especially the more and more polished products and well targeted markets were an outstanding characteristic for many of the applying teams. Here are the 20 teams that will be joining us in Ljubljana next week:
These great teams will participate in Fred Destin’s masterclass and be mentored by over 65 incredible mentors.
Finally we’d like to in advance thank our event sponsors, DLabs, RSG, Business Angels of Slovenia, Netokracija, ISKRATEL, Vox.io and Zemanta, who have all gone to tremendous effort in preparing everything it takes to make Mini Seedcamp Ljubljana possible! IBM has kindly offered their support by letting us use their brand new office space, which looks incredible. We’re positive that Lubljana is going to rock next week!
If you missed out applying to Ljubljana applications are now open for Mini Seedcamp London.
Raising funds for a new startup can seem like an overwhelming effort for a new entrepreneur largely due to the time, cost, and lack of transparency in the process. The fact that most entrepreneurs only go through this process a few times in their career adds to the challenge: after all, the investor usually knows what to expect.
When Seedcamp first launched Seedsummit, we wanted to have a forum for active seed investors across EMEA to meet and get to know each other better. We were impressed by the 50+ investors who participated and actively debated and discussed issues important to them. A major To Do agreed on was to help investors and entrepreneurs across EMEA by standardizing on seed stage investment agreements. Today we are excited to announce that several of the investors across EMEA have agreed on just that.
After working closely with Index Seed, Kima Ventures, Seedcamp, Eden Ventures, Point Nine Capital, Doughty Hanson Technology Ventures, Passion Capital, Nesta, Wellington Partners, 360 Capital, Henq, Earlybird, GIMV, Charlotte Street Capital, Estag Capital, ACT Venture Capital, Notion Capital, Samos Investments, Northzone, ProFounders Capital, Octopus Ventures, we are proud to announce a set of suggested, reader-friendly, and guideline financing documents. We hope these documents help bring coherence to the fragmentation of the european market. By bringing the players to reach a common agreement for the benefit of the entrepreneur we hope to save entrepreneurs time and money and to ensure that the limited funds they are raising are used for the most important thing: building product for their customers. Our Group of partners are actively investing across UK, Germany, France, Israel, Ireland, Scandinavia amongst many others, but we would love to have many more partners globally join our initiative.
Today, we are publishing the two suggested term sheets, the general SeedSummit Term Sheet and an EIS friendly variant which should be practical both for entrepreneurs to get acquainted with the standard terms, and for investors and other players in the ecosystem to utilise for fast, fair, transparent and affordable funding rounds. The terms and documents in both versions have been validated by Europe’s most active seed investors and include all major common terms typically found in a term sheet for this stage. The origin of the initiative was inspired by the Series Seed docs of the USA.
The documents are meant to serve a common goal for the community: making seed funding easier to access, better to understand, and fair for all parties. We are looking forward to them being used, adapted, and spread. Likewise, please keep us up to date on what you think about them, when you use them and how they helped you take your companies forward. Go to our Seedsummit page for the docs here.
In the last year, we have gone from investing in individual companies solely at the yearly Seedcamp Week to investing in startups throughout the year and backing more startups than ever. We are now investing after almost every local Mini Seedcamp event, to find companies not only in the right place, but also at the right time. This, however, does not take the crown from Seedcamp Week being the main flagship event every year – it is still one week of incredible action in terms of mentorship, connections, and biz dev opportunities. It will also be an opportunity to back more winners.
The only way to participate in Seedcamp Week (just like last year) is to visit one of our local Mini Seedcamp events, make it to the Investment Interview stage, and be invited to Seedcamp Week. Today, we announce Mini Seedcamp London, which will be the last opportunity to be considered for Seedcamp Week 2011, which will take place in early September.
As always, we will have the best of London’s and Europe’s internet technology mentors invited, mentoring the participating 20 startups, giving their feedback to improve chances of success, and networking like crazy. Applications are open as of today – go here and apply to let us know about your company and team. The deadline is on 24th July, and as we’ve seen time and again – it’s a good idea to finish your application early, so you don’t have to rush it on the last day (or even through the night).
Well, London is our home turf, so we traditionally have the greatest and best companies and mentors attending. Also and especially is Seedcamp London the last chance to get into Seedcamp Week this year. That means, if selected, your team will get the double boost of mentoring and connections – not to speak of the Seedcamp Investment, year-long support, and access to the founders’ pack of offers from our Seedcamp Founders Sponsors.
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