After an interesting panel with the title "Why are there not more European unicorns" which was also much about BlaBlaCar at Web Summit 2015 there was an opportunity a week later to have a chat with Philippe Botteri about the state of the ecosystem, the European software as a service space and exiting SaaS companies.

All about Philippe Botteri and how he became a leading SaaS investor

Arnbjörn Eggerz: Mr. Botteri, it is a pleasure to welcome you to this interview about SaaS. You hardly need any introduction, but it is very interesting for entrepreneurs and readers to understand the bio and background of great investors. Thus, can you describe how you became a venture capitalist?

Philippe Botteri: I was born and raised in France and did an engineering degree. Then I joined McKinsey in 1998. That was the time of the first dot com boom and I had the chance to work for start-ups as the firm was working with start-ups at that time.

Arnbjörn Eggerz: And how did you come from McKinsey to the Valley and to SaaS?

Philippe Botteri: I did a few projects for start-ups in London and when the bubble burst I shifted a bit my focus to work more on software and SaaS companies. I actual wrote one of the first McKinsey white paper on SaaS - the word SaaS did not exist in Europe at the time, we were using the term ASP "Application Service Provider".
In 2003 I moved to the Silicon Valley office of McKinsey, continued to work on software and on SaaS companies and stayed there for a few years. Then I joined Bessemer Venture Partners in 2006 to help them build their SaaS practice.

Arnbjörn Eggerz: These were the pioneer times of SaaS. As it is a rare occasion to have someone who was part of it, can you share some anecdotes?

Philippe Botteri: Yes sure. It was at the time when, you know, people were still wondering if SaaS would last and whether it had a future or not. And that was when I started my blog "Cracking-the-code" to write on SaaS and issues early stage SaaS companies were facing...

A cornerstone of internet business models is data. User data, statistics, geographics, age and interestst. There is nothing you cannot track and the amount of data is exploding with more and more connected devices.

But as much as data and connectivity can be used for good, it can be misused. Identity theft and hacks are only two threads. And Europe seems to be late in this topic, too.

Reason enough to talk to the leading expert Mikko Hypponen from F-Secure about data, privacy, why he would pay for Facebook and cyber security.

SaaS in Europe is still far behind compared to the U.S. with about 20% adoption rate. This is not only valid for users, the camp of Europen SaaS start-ups was also rather small. This is changing as was visible on the Web Summit 2015.

The interview is the third in a series of portraits of European SaaS startups to show their solutions, potential and problems.
Thus it was a pleasure to talk to Gherardo Carullo, Founder of Enoron, a London based SaaS startup by an Italian founder.'
The solution is for lawers to manager all their

SaaS in Europe is still far behind compared to the U.S. with about 20% adoption rate. This is not only valid for users, the camp of Europen SaaS start-ups was also rather small. This is changing as was visible on the Web Summit 2015.

The interview with Michele Barbera from Spaziodati is the second in a series of portraits of European SaaS startups to show their solutions, potential and problems.

Das Thema SaaS ist hoch aktuell und zieht auch endlich in Europa an. Damit auch auf dem Startup Event +Web Summit in Dublin stark vertreten.

Eine gute Gelegenheit ein Gespräch mit einem der Gründer von Meeting Mole, Jenny Richter, zu führen. Das Startup in der Early Stage entwickelt eine Software as a Service Lösung für Teams im Bereich Sales/Kundenakquise primär im B2B Bereich.

More and more software applications move to the cloud transforming on premise solutions to Software as the Service (SaaS).

Thus it was a great opportunity to talk to Ari Helgason from Dawn Capital about his entrepreneurial experience and his way into venture capital @WebSummit in Dublin.
After a short look on the European #ecosystem, there was plenty of time to talk about the state of European SaaS startups.

What are the problems they are facing?
Where are we with respect to SaaS adoption?
What about SaaS metrics and current CAC levels?

Last but not least it was great to talk about startups in Iceland.

A full transcript of the interview will follow

for more information about Dawn Capital go to
http://dawncapital.com/

If you want to know more about the SaaS business model check out Iceventure's SaaS training or read our articels on saas here on the blog.

Das Thema Fintech ist sehr aktuell. Damit auch im Fokus des Startup Events Web Summit 2015.

Eine Gute Gelegenheit ein Gespräch mit einem der Gründer von Scalable Capital, Erik Podzuweit, zu führen. Das Startup bietet einen Service in der Vermögensverwaltung, der bisher nur professionellen und sehr reichen (HNWI) zugänglich war.

Neben der Lösung, der Gründung, der Finanzierung durch VCs und dem Geschäftsmodellwar auch Zeit über die Situation der Banken und den Herausforderungen durch Digitalisierung und Fintechs zu sprechen.

Viel Spaß beim Anschauen, dieser Liveaufnahmen direkt vom Event.

Wer sich für Scalable Capital und die Dienstleistungen interessiert kann sich über:
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This is part I of the review of this year's Web Summit in Dublin. Four weeks passed (intentionally) and with some distance it is now time to ask what remains and what facts are of importance from all the insights into start-ups technology and the ecosystem.

A first judgement

What sticks four weeks after the event is best described as a strange mix of "being overwhelmed by information" and "nothing new". It does not mean it was no great event. It was, but the above impression remains. This result is a confirmation of Iceventure's current view of the innovation and startup ecosystem in Europe which is moving more in the later stage of the cycle.
Why the Web Summit confirmed it and the arguments for this assessment are laid out in the following.

About Web Summit 2015 itself

First, some remarks about the event itself. This year's Web Summit brought about a lot of discussion prior to the event asking

Wir freuen uns auf den Termin

DIGITAL IS CHANGING EVERYTHING. SIND BANKEN TRADITION UND DIE ZUKUNFT DES FINANZSEKTORS DIGITAL?

am 25.11.15 um 18:30 Uhr hinzuweisen.

In der spannenden Podiumsdiskussion, organisiert von dem Juniorenkreis des Exportclub Bayern, geht es um das Thema Finanzdienstleistungen und Fintech.

Arnbjörn Eggerz von Iceventure wird die Moderation der Runde übernehmen.

An der Diskussion werden teilnehmen:

After digging into the software as a service data provided by the Web Summit team I was of course also very interested to examine the data about the participating Fintech start-ups. Therefore, I took some time last night to look into it, providing some of the insights here.

A snapshot of the European Fintech space (participating in Web Summit)

First, I describe the data set available: 93 startups are listed in this segment of Fintech out of 2081 start-ups in total. This means about 4.7% of participating start-ups are in Fintech. 61% are European Fintech start-ups meaning 2,74% of all participants.

The number might be a bit sobering seeing the number of 2000+ start-ups and the currently generated media hype about Fintech. I do not have a particular interpretation of the low number of the 4.7% as with in the case of SaaS, but guess it also has to do with the fact that financial services are extremely competitive with demanding domain knowledge.

Distribution - Fintech start-ups per country

Now the distribution of the Fintech startups per country. Prior to citing the numbers, I lay out some expectations. For Fintech, I would not expect Germany to be leading in Europe, while I would expect to find many Fintech startups from the traditional financial centers of Europe like UK, France, Italy and Luxembourg. I think this is a valid expectation as