This article was written by Carlos Espinal, Partner at Seedcamp – Europe’s leading Acceleration Fund. Providing up to $250k capital and access to its Academy learning programme, startups also have access to an active network of Europe’s top mentors and investors.
Across society there is an increasing trend of experiences eclipsing that of owning material goods. We’re seeing this trend increasingly in action around the globe.
Some articles (U.S.News via Yahoo / Fast Company / NPR) have explained why millennials, for example, are choosing to live for experiences and less for ‘things’ (or at least the ownership of things). If and when they do buy things… there is a trend to buy things that have stories behind them and things that are longer-lasting. While the generational explanation helps explain an increase in some services and products, other articles simply point to economic stagnation as a main catalyst for the growth of the sharing economy. Economic concerns have also affected the luxury goods demand from Russia and China.
In addition to generational trends and economic circumstances, increasingly popular sociological movements like the tiny-house movement and the minimalism movement are promoting a simplified life that focuses on doing vs owning – and if you do own, have it be something that you’re likely to get value out of for a while (thus forcing a view towards higher quality affordable goods that don’t make you feel like they have designed obsolescence nor are about showing off).
Taking these trends into consideration, at Seedcamp we’re bullish on startups that bring experiences, meaning, convenience, and quality durable products to the market and/or allow for people to share products they own (enabled by tech to help them scale).
Below, is a list of Seedcamp companies that enable and participate in this trend:
Seedcamp Developer Ninja
If you’ve always wanted to hack with some of the best startup companies in Europe, here’s your chance. Seedcamp is looking for a full-time hacker-in-residence. Apply via this link.
It goes without saying that you’ll have a chance to chat with Seedcamp Founders if they’re stuck on stuff, and you’ll play an integral role within the Seedcamp team in helping set our tech strategy. Yes, it’s a lot of moving parts, but we are looking for rockstars who love tech and want to make a difference for the ecosystem.
We look forward to hearing from you!
Help develop our online products and strategy
Lead and manage all current online products and determine the best way to integrate them for most effective work by the team
Extract and analyse Seedcamp startups data and that of the general ecosystem
Work closely with the Head of Content and the Seedcamp Team to ensure that all online content, social media and work product takes the best advantage of tech know-how
Help research technology trends and assist with due diligence
Work from time-to-time with Seedcamp startups on some of what they need
Ideally comfortable (or at least an interest in learning) with Symfony2 (php framework), RoR, & postgres.
Ideally also have *nix sys-admin experience
Live and breathe technology and startups and are passionate about empowering founders and growing the startup community.
Self-driven, resourceful & results oriented – ready to roll up your sleeves and think creatively.
Thrive working under pressure, you’re organised and can multi-task, creating awesome, accurate content quickly.
Can interact with, and help manage, a creative, fast-paced and fun team.
Have experience working in startup environment, you have solid knowledge about marketing, growth and product as relevant for startups.
Ability to communicate verbally and written across both technology and business teams
Strong time-management skills.
Experience collecting and analysing media metrics – you can data crunch with the best of them.
You ultimately want to do your own startup or join an early stage business
You can already amaze us with dev work you’ve done
To apply for the role please upload an up-to-date copy of your CV with a short covering note. Be sure to include links to your work to show us how awesome you code and hacker you are.
Questions: careers [at] seedcamp.com
Apply via this link.
We are very happy to introduce StrategyEye as one of our most recent additions to the Seedcamp Founders’ Sponsors. Seedcamp company CEOs will gain access to StrategyEye’s Digital Media platform for a full year and StrategyEye will also be regually publishing interviews with Seedcamp CEOs. Below is StrategyEye’s ‘Hot Company Profile’ on, Seedcamp company, Futurelytics.
Big data is big business at the moment. And while Futurelytics concentrates on small-to-medium-sized businesses and emphasises the importance of relevance when it comes to customer analytics, rather than simply the size of data sets, potential customers will perceive its offering as a big data solution. The firm recently won funding at Seedcamp Budapest and CEO Daniel Hastik is now aiming to make an impact by selling to sales and marketing teams in the US.
¤ What differentiates Futurelytics from similar services?
It is a data mining solution. We connect marketing and sales guys, giving them information about customers by tracking data from multiple sources and scoring the customers from the best to the worst based on various parameters. We then group these customers’ information into segments so the guys in marketing and sales can use targeted campaigns. We also pull the data from our platform to marketing automation systems like MailChimp and Marketo.
We take the best practises and visualise the data and work with companies automatically so that the end user doesn’t have to make any major decisions. We tell them what will work and that’s the major difference. For example, we could say ‘in order to get churn customers back to you, you should do this’. Our team has a background in business analytics, so we are looking for meaningful patterns in the data. It doesn’t matter if it is just two rows in Excel, if someone doesn’t understand it then it’s the same if he has five terabytes of data that he doesn’t understand. We give the user what we think is important and what is not. Other companies focus on the size of the data and not the relevancy.
¤ What is your business model?
We make money in three different ways. One is a monthly subscription model for the platform itself, which is USD450 per month. The second revenue stream is our independent app on a CRM marketplace, for example Salesforce’s App Exchange. The third is license fees for what we call ‘powered by Futurelytics’. We are negotiating with certain CRM providers to embed our functionality.
¤ Who are your main competitors?
One would be Custora and the other one would be Cloud9. There are obviously the big players like SPSS from IBM, but that’s not the segment for our customer reach, we don’t go up into the enterprise we stay with small-to-medium sized businesses.
¤ What’s the biggest challenge you currently face?
We are a US-based company, but all the guys are in the Czech Republic at the moment, with one sales guy in the UK. For most businesses to set up in the US you need to be a US citizen so it’s quite difficult for European startups without having a US citizen in the team to actually start a business in the US.
The other challenge is getting the word out, so the marketing and sales, which we have not tracked as well as we do the technical side. We are now looking for people who can help us with that and that’s one of the reasons we joined Seedcamp. Their network, their knowledge and their companies within their investment team solved the same problems we are facing. So we are sharing a lot of information and that has been really helpful.
¤ What do you think is the hottest trend in digital media?
Competition between the stable, TechCrunch-like blog styles against blogs for particular technologies, which shift from the more mainstream to specific technologies. I am finding more information from our competitor’s blog than on GigaOm, for example.
The demand for big data services is booming. The market will be worth USD18.2bn this year before climbing to USD47.8bn in 2017 and analytics applications revenue is forecast to be the fastest-growing segment in the next four years, with revenues expected to increase by nearly 300%. Services such as Futurelytics, which promise to decipher the reams of online information and present actionable strategies from it, offer obvious tangible benefits for companies and salespeople. IBM expects its overall business intelligence revenue alone to come in at USD25bn by 2015, with plenty of dollars available to those that can gain scale quickly.
The main challenge for Futurelytics is standing out in an already overcrowded space. As well as startups such as Custora and Cloud9, big guns like Accenture and IBM are trying their hand at customer analytics. While Hastik maintains that the likes of IBM are after the big enterprise customers, where it is after small businesses, it doesn’t seem a stretch for IBM to scale out to SMEs. Futurelytics needs to make sure it can build out its offering quickly and expand rapidly to new markets.
The other issue is its current focus on the US. Hastik already concedes that it is struggling to expand, with problems setting up its services in the US hampering progress. Plenty of homegrown competition will continue to emerge stateside, while Futurelytics deals with these challenges. The firm also doesn’t disclose financial information, making it hard to ascertain how things are going in markets where it is available. It is important to note that it’s still early days, with the firm only launching in September. And it does already have 25 clients on board, including brands such as Yamaha, Time Warner Cable and Livestrong. As a result, the firm is “just starting” to generate revenue and the next six months will prove crucial for the startup.
AT A GLANCE CEO: Daniel Hastik HQ: Delaware, US Founded: September 2012 Employees: Six Commercial launch: September 2012 Funding to date: EUR50,000 (USD67,000) Investors: Seedcamp
Hello Berlin! Next week we are kicking off our second full-blown Seedcamp Week of the year, this time in the German startup epicentre, Berlin. Applications flooded in from all over and made for a high calibre selection pool. This event also marks the first Seedcamp Week that winning teams from our Mini Seedcamps will participate in the competition to be part of the Seedcamp Family. Seven of the twenty teams that will be joining us in Berlin first met Seedcamp at a Mini Seedcamp in their home country; one from Mini Seedcamp Belgrade, two from Mini Seedcamp Kiev, one from Mini Seedcamp Istanbul, one from Mini Seedcamp Tel Aviv and two from Mini Seedcamp Stockholm.
We will be joined by Entrepreneurs, Product and Marketing Experts and some of the best operators across the German and European startup scene for the Mentoring Day on Tuesday at The Wye. Demo Day will follow on Wednesday at BDMI and will feature winners of the Seedcamp event. The event will also showcase some of our earlier Seedcamp teams who are currently fundraising. We have invited the top investment funds across Europe to attend, including investors from Index Ventures, Point Nine Capital, Balderton Capital, BDMI, Earlybird, DFJ Esprit and T-Venture.
Please meet the teams that will be participating at Seedcamp Week Berlin and check out the great things they are doing:
We are very thankful to our Event Partner in Berlin, BDMI, who make this event possible, and we would also like to thank our venue hosts in Berlin: The Wye, BDMI, and The Factory, who will be hosting a BBQ on Tuesday night. And, last but not least, another big thank you to the Seedcamp Sponsors: Google, Microsoft BizSpark, Nokia, Barclays, Qualcomm Ventures and PayPal Developer.
This is a guest post written by Yalim K. Gerger, Founder of Formspider, our Event Partner for Mini Seedcamp Istanbul on the 30th of April.
”If the whole world was a state, Istanbul would be the capital of it.” – Napoleon
Throughout its 3000 year history, Istanbul has hosted kings, sultans, queens, presidents, popes, an UEFA Cup Final, a historic Champions League Final, World Basketball Championships, Formula One Racing, Guns N’ Roses, Madonna, Michael Jackson and James Bond…Yet this global city has not, to this day, hosted a single Seedcamp event.
This is about to change.
On April 30th, the inaugural Mini Seedcamp Istanbul event will be held at the ITU University Maslak Campus KSB Auditorium.
Turkey has a fledgling startup community with over 200 companies registered on AngelList. Its ecosystem of entrepreneurs, VC’s, incubators, mentors and angels is growing quickly. There are plenty of national and international success stories such as Yemek Sepeti, Gitti Gidiyor, Markafoni and Peak Games to encourage and signal to everyone in the community that a very bright future can be real and achievable.
Seed capital with international mentorship and networking opportunities is the missing key element for our young local startups with global ambitions to succeed. This is why the Mini Seedcamp Istanbul event is very important for our ecosystem and why we’re very excited to be a part of this inaugural event.
So without further ado, below are the list of amazing startups that are selected to participate in the first Mini Seedcamp Istanbul:
Beware, they might just disrupt the market you are in.
Yalim K. Gerger Founder Formspider
In 2013, we are holding four full blown Seedcamp Weeks which will give founders across Europe the biggest possible exposure, high quality mentoring, and the possibility to join the Seedcamp Family.
Seedcamp Week Berlin is next on the schedule, and in less than a month some of Europe’s best Entrepreneurs, Operators, and Investors will join us for a week of events in Germany’s Capital. We have some great mentors and investors signed up – as you could see on Twitter today, they’re looking forward to meeting some great startups from across Europe.
Mentoring day, taking place at The Factory, will include Entrepreneurs, Product and Marketing experts, and some of the best operators across the German and European startup scene. Some of the people included are Christian Hernandez, David Noel, Jason Goodman, Paul Jozefak and Christian Thaler-Wolski – these are mentors the Seedcamp teams have consistently rated extremely high, and thus we are happy to have them on board again.
Seedcamp Week will also include a Demo Day taking place at BDMI, where we will showcase the best teams we saw at Seedcamp Berlin, and some of our earlier Seedcamp teams who are currently fundraising. For investors, this is a great way to catch up on the progress of teams they already know, and to meet new teams from Seedcamp Week Berlin. The top investments funds will be represented and we already have great names signed up to attend including investors from Index Ventures, Point Nine Capital, Balderton Capital, BDMI, Earlybird, DFJ Esprit and T-Venture (Investors: let us know if you are interested to take part).
The selected startups will already meet the Seedcamp Team on Sunday to get prepared and ready for the week at The Wye. Monday will see investment interviews, during which the participating teams will pitch to the Seedcamp Team and investors for inclusion in the year long Seedcamp Program.
In the past and coming weeks, Mini Seedcamps are happening all across Europe – from Belgrade to Tel Aviv, from Istanbul to Amsterdam, and in Kiev and Stockholm. Out of these local events, we will invite teams to participate in Seedcamp Week Berlin. Mini Seedcamps are a new and exciting way for us to travel to local entrepreneurship and startup hubs and meet lots of companies close to home. We bring along some of our teams who share their Seedcamp experience, and engage with the local mentor and investment community to increase visibility and access for the teams taking part.
Startups can also apply directly to Berlin and get selected through the traditional application process – if you already know about Seedcamp and know what to expect, this is a straightforward way to engage. You can apply now and work on your application until the deadline on Sunday 21st, midnight.
We are very thankful for the Seedcamp Sponsors; Google, Microsoft BizSpark, Qualcomm Ventures and PayPal Developer and our Event Partner in Berlin, BDMI, who make this event possible. Without them, Seedcamp couldn’t travel the globe and do all that we do for entrepreneurs. We would also like to thank our venue hosts in Berlin; The Wye, The Factory and BDMI.
Campus is celebrating its one year anniversary and the celebrations will be ongoing throughout the whole of April. As part of the celebrations all Campus Partners will be organizing events to showcase their work for those in and around London who still don’t know what happens at 4-5 Bonhill Street or who are curious to learn more.
We’re very proud to call Campus home and are eager to show the wider startup community who we are and what we’re up to. On the 18th of April, Seedcamp is taking part in the many activities included in the celebrations and we’re bringing a taste of our bread and butter to residents and the wider startup community, with SeedPeek.
First up, Carlos Espinal, Seedcamp Partner, will have an informal chat with the founders of two Seedcamp teams that climbed their way to Seedcamp HQ on Campus’ fourth floor. Subscrib and Planvine, both startups were “Made in Campus” and grow from the ecosystem that is being built here. Subscrib’s founders met at Central Working in the basement back in September and Planvine moved to Techhub the day that Campus opened. Both these teams joined the Seedcamp family after winning Seedcamp Week London back in January and they’ll be sharing their stories and experiences.
After that we’ll be hearing from another success story, this time an outcome from our other endeavours at Campus: Seedhack. The winners of the last edition of our very own hackathon, Relist, will be here to talk about how they went from a weekend of full-on coding and brainstorming at Seedhack, to an actual startup. They still work downstairs at Central Working everyday. Since they got a wildcard at Seedhack for our next Seedcamp Week in Berlin they now eager to show us their progress and how they’ve evolved.
Finally we’ll be joined by the founders of a company that went through the Seedcamp program back in Seedcamp’s first years. They’ll be able to share their success story and how Seedcamp was a key stepping stone in their journey to success.
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