Venture Capital in Central and Southeast Europe Mario Orasche Managing Partner & Founder, Eagle Ventures European Entrepreneurship and Innovation Thought Leaders, Stanford Engineering February 8, 2010
Apr 02, 2015
Venture Capital in Central and Southeast Europe
Mario OrascheManaging Partner amp Founder Eagle Ventures
European
Entrepreneurship
and Innovation
Thought Leaders
Stanford
Engineering
February 8 2010
Page
2
History of the RegionA brief review of about 16 centuries
Byzantine Empire or Eastern Roman Empire (330-
1453)
The Austrian Austro-Hungarian Empire is prevailing
until WW I
A pan-regional symbol the double-headed eagle
Honey and blood
over centuries in
the Balkans
Bal = Honey
Kan = Blood
Sarajevo
Bosnia 1914
Assassination
triggers WW I
As of 19th Century
Page
3
Kingdom of Yugoslavia or Serbs Croats and
Slovenes (1918-1941)
Central and Southeast Europe (lsquoCSErsquo) TodayIt remains complicated
Wars pain and
suffering prevail
throughout the
20th century
EU Enlargement Process (Today)
Yugoslav Wars and NATO bombing of Bosnia
(1991-2001)
US UN NATO EU Peacekeeping forces in
Bosnia and Herzegovina (1995-2010)
Kosovo (1999-2010)
Page
4Page
4
Macedonia
ICT Outsourcing
Hungary Pharma Biotech
Slovenia RF technology
Romania
IT Pharma
Serbia Computer Engineering ProgrammingMontenegro
Energy Generation
Bosnia
Energy
Generation
Automotive
Croatia Chemistry Telecom Bulgaria
ElectronicsSemiconductors
Region Population Tech VCs Amount Invested
CSE 70 Mn 4-5 euro75 Mn (lsquo08)
California 365 Mn +400 $89 Bn (lsquo09)
Ratio 2 1 1 100 1 100
Eagle Ventures is the first multinational tech VC dedicated to CSE
Emerging VC LandscapeHigh potential region weak innovation ecosystem
Huge untapped
investment
opportunity
CSE vs CA
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Page
5
Major Changes Over Last DecadeEnvironment NOW ready for VC investments
The CSE
landscape has
improved
markedly for
technology firms
over the last
several years
Characteristics 1999 2009
Reverse brain drain in tech industries Rarely Significant gaining momentum
ICT infrastructure Poor Improving fast leapfrogging
ICT initiatives
Microsoft Technology Centers and RampD
departments of Ericsson Siemens
Cisco HP Oracle SAP etc
LimitedPresent in a number of locations
and increasing
Legal and political environment Weak Converging to EU
VC INVESTMENT READINESS NOT READY READY
copy
Other factors include
Surge in purchasing power
Managerial skill sets
Technology centers parks
MampA gaining traction
Page
6
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Household Internet penetration soared 46 times within 5 years (now close to 40)
Mobile phone penetration grew about 3 times to gt 100
Strong and still
growing ICT
access indicators
ICT IndicatorsRecent significant improvements
Page
7
Funds raised in 2008 euro25 Bn (VCampPE)
euro02 Bn
vs $286 Bn USA
Source NVCA
Vast majority still
into PE although
number of VC
deals augments
Investment ActivityVC barely existent
Source EVCA 2008 (comprises entire Eastern Europe)
Source EVCA 2008 (comprises entire Eastern Europe)
46
43
12 dealsCA
- 1137 VC Deals
- $89 Bn
Source NVCA 2009
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
2
History of the RegionA brief review of about 16 centuries
Byzantine Empire or Eastern Roman Empire (330-
1453)
The Austrian Austro-Hungarian Empire is prevailing
until WW I
A pan-regional symbol the double-headed eagle
Honey and blood
over centuries in
the Balkans
Bal = Honey
Kan = Blood
Sarajevo
Bosnia 1914
Assassination
triggers WW I
As of 19th Century
Page
3
Kingdom of Yugoslavia or Serbs Croats and
Slovenes (1918-1941)
Central and Southeast Europe (lsquoCSErsquo) TodayIt remains complicated
Wars pain and
suffering prevail
throughout the
20th century
EU Enlargement Process (Today)
Yugoslav Wars and NATO bombing of Bosnia
(1991-2001)
US UN NATO EU Peacekeeping forces in
Bosnia and Herzegovina (1995-2010)
Kosovo (1999-2010)
Page
4Page
4
Macedonia
ICT Outsourcing
Hungary Pharma Biotech
Slovenia RF technology
Romania
IT Pharma
Serbia Computer Engineering ProgrammingMontenegro
Energy Generation
Bosnia
Energy
Generation
Automotive
Croatia Chemistry Telecom Bulgaria
ElectronicsSemiconductors
Region Population Tech VCs Amount Invested
CSE 70 Mn 4-5 euro75 Mn (lsquo08)
California 365 Mn +400 $89 Bn (lsquo09)
Ratio 2 1 1 100 1 100
Eagle Ventures is the first multinational tech VC dedicated to CSE
Emerging VC LandscapeHigh potential region weak innovation ecosystem
Huge untapped
investment
opportunity
CSE vs CA
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Page
5
Major Changes Over Last DecadeEnvironment NOW ready for VC investments
The CSE
landscape has
improved
markedly for
technology firms
over the last
several years
Characteristics 1999 2009
Reverse brain drain in tech industries Rarely Significant gaining momentum
ICT infrastructure Poor Improving fast leapfrogging
ICT initiatives
Microsoft Technology Centers and RampD
departments of Ericsson Siemens
Cisco HP Oracle SAP etc
LimitedPresent in a number of locations
and increasing
Legal and political environment Weak Converging to EU
VC INVESTMENT READINESS NOT READY READY
copy
Other factors include
Surge in purchasing power
Managerial skill sets
Technology centers parks
MampA gaining traction
Page
6
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Household Internet penetration soared 46 times within 5 years (now close to 40)
Mobile phone penetration grew about 3 times to gt 100
Strong and still
growing ICT
access indicators
ICT IndicatorsRecent significant improvements
Page
7
Funds raised in 2008 euro25 Bn (VCampPE)
euro02 Bn
vs $286 Bn USA
Source NVCA
Vast majority still
into PE although
number of VC
deals augments
Investment ActivityVC barely existent
Source EVCA 2008 (comprises entire Eastern Europe)
Source EVCA 2008 (comprises entire Eastern Europe)
46
43
12 dealsCA
- 1137 VC Deals
- $89 Bn
Source NVCA 2009
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
3
Kingdom of Yugoslavia or Serbs Croats and
Slovenes (1918-1941)
Central and Southeast Europe (lsquoCSErsquo) TodayIt remains complicated
Wars pain and
suffering prevail
throughout the
20th century
EU Enlargement Process (Today)
Yugoslav Wars and NATO bombing of Bosnia
(1991-2001)
US UN NATO EU Peacekeeping forces in
Bosnia and Herzegovina (1995-2010)
Kosovo (1999-2010)
Page
4Page
4
Macedonia
ICT Outsourcing
Hungary Pharma Biotech
Slovenia RF technology
Romania
IT Pharma
Serbia Computer Engineering ProgrammingMontenegro
Energy Generation
Bosnia
Energy
Generation
Automotive
Croatia Chemistry Telecom Bulgaria
ElectronicsSemiconductors
Region Population Tech VCs Amount Invested
CSE 70 Mn 4-5 euro75 Mn (lsquo08)
California 365 Mn +400 $89 Bn (lsquo09)
Ratio 2 1 1 100 1 100
Eagle Ventures is the first multinational tech VC dedicated to CSE
Emerging VC LandscapeHigh potential region weak innovation ecosystem
Huge untapped
investment
opportunity
CSE vs CA
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Page
5
Major Changes Over Last DecadeEnvironment NOW ready for VC investments
The CSE
landscape has
improved
markedly for
technology firms
over the last
several years
Characteristics 1999 2009
Reverse brain drain in tech industries Rarely Significant gaining momentum
ICT infrastructure Poor Improving fast leapfrogging
ICT initiatives
Microsoft Technology Centers and RampD
departments of Ericsson Siemens
Cisco HP Oracle SAP etc
LimitedPresent in a number of locations
and increasing
Legal and political environment Weak Converging to EU
VC INVESTMENT READINESS NOT READY READY
copy
Other factors include
Surge in purchasing power
Managerial skill sets
Technology centers parks
MampA gaining traction
Page
6
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Household Internet penetration soared 46 times within 5 years (now close to 40)
Mobile phone penetration grew about 3 times to gt 100
Strong and still
growing ICT
access indicators
ICT IndicatorsRecent significant improvements
Page
7
Funds raised in 2008 euro25 Bn (VCampPE)
euro02 Bn
vs $286 Bn USA
Source NVCA
Vast majority still
into PE although
number of VC
deals augments
Investment ActivityVC barely existent
Source EVCA 2008 (comprises entire Eastern Europe)
Source EVCA 2008 (comprises entire Eastern Europe)
46
43
12 dealsCA
- 1137 VC Deals
- $89 Bn
Source NVCA 2009
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
4Page
4
Macedonia
ICT Outsourcing
Hungary Pharma Biotech
Slovenia RF technology
Romania
IT Pharma
Serbia Computer Engineering ProgrammingMontenegro
Energy Generation
Bosnia
Energy
Generation
Automotive
Croatia Chemistry Telecom Bulgaria
ElectronicsSemiconductors
Region Population Tech VCs Amount Invested
CSE 70 Mn 4-5 euro75 Mn (lsquo08)
California 365 Mn +400 $89 Bn (lsquo09)
Ratio 2 1 1 100 1 100
Eagle Ventures is the first multinational tech VC dedicated to CSE
Emerging VC LandscapeHigh potential region weak innovation ecosystem
Huge untapped
investment
opportunity
CSE vs CA
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Page
5
Major Changes Over Last DecadeEnvironment NOW ready for VC investments
The CSE
landscape has
improved
markedly for
technology firms
over the last
several years
Characteristics 1999 2009
Reverse brain drain in tech industries Rarely Significant gaining momentum
ICT infrastructure Poor Improving fast leapfrogging
ICT initiatives
Microsoft Technology Centers and RampD
departments of Ericsson Siemens
Cisco HP Oracle SAP etc
LimitedPresent in a number of locations
and increasing
Legal and political environment Weak Converging to EU
VC INVESTMENT READINESS NOT READY READY
copy
Other factors include
Surge in purchasing power
Managerial skill sets
Technology centers parks
MampA gaining traction
Page
6
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Household Internet penetration soared 46 times within 5 years (now close to 40)
Mobile phone penetration grew about 3 times to gt 100
Strong and still
growing ICT
access indicators
ICT IndicatorsRecent significant improvements
Page
7
Funds raised in 2008 euro25 Bn (VCampPE)
euro02 Bn
vs $286 Bn USA
Source NVCA
Vast majority still
into PE although
number of VC
deals augments
Investment ActivityVC barely existent
Source EVCA 2008 (comprises entire Eastern Europe)
Source EVCA 2008 (comprises entire Eastern Europe)
46
43
12 dealsCA
- 1137 VC Deals
- $89 Bn
Source NVCA 2009
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
5
Major Changes Over Last DecadeEnvironment NOW ready for VC investments
The CSE
landscape has
improved
markedly for
technology firms
over the last
several years
Characteristics 1999 2009
Reverse brain drain in tech industries Rarely Significant gaining momentum
ICT infrastructure Poor Improving fast leapfrogging
ICT initiatives
Microsoft Technology Centers and RampD
departments of Ericsson Siemens
Cisco HP Oracle SAP etc
LimitedPresent in a number of locations
and increasing
Legal and political environment Weak Converging to EU
VC INVESTMENT READINESS NOT READY READY
copy
Other factors include
Surge in purchasing power
Managerial skill sets
Technology centers parks
MampA gaining traction
Page
6
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Household Internet penetration soared 46 times within 5 years (now close to 40)
Mobile phone penetration grew about 3 times to gt 100
Strong and still
growing ICT
access indicators
ICT IndicatorsRecent significant improvements
Page
7
Funds raised in 2008 euro25 Bn (VCampPE)
euro02 Bn
vs $286 Bn USA
Source NVCA
Vast majority still
into PE although
number of VC
deals augments
Investment ActivityVC barely existent
Source EVCA 2008 (comprises entire Eastern Europe)
Source EVCA 2008 (comprises entire Eastern Europe)
46
43
12 dealsCA
- 1137 VC Deals
- $89 Bn
Source NVCA 2009
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
6
CSE in terms of Eagle Venturesrsquo focus region BG BIH HR HU MK MNE RO SLO SRB
Household Internet penetration soared 46 times within 5 years (now close to 40)
Mobile phone penetration grew about 3 times to gt 100
Strong and still
growing ICT
access indicators
ICT IndicatorsRecent significant improvements
Page
7
Funds raised in 2008 euro25 Bn (VCampPE)
euro02 Bn
vs $286 Bn USA
Source NVCA
Vast majority still
into PE although
number of VC
deals augments
Investment ActivityVC barely existent
Source EVCA 2008 (comprises entire Eastern Europe)
Source EVCA 2008 (comprises entire Eastern Europe)
46
43
12 dealsCA
- 1137 VC Deals
- $89 Bn
Source NVCA 2009
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
7
Funds raised in 2008 euro25 Bn (VCampPE)
euro02 Bn
vs $286 Bn USA
Source NVCA
Vast majority still
into PE although
number of VC
deals augments
Investment ActivityVC barely existent
Source EVCA 2008 (comprises entire Eastern Europe)
Source EVCA 2008 (comprises entire Eastern Europe)
46
43
12 dealsCA
- 1137 VC Deals
- $89 Bn
Source NVCA 2009
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
8
184
258
308
496
617
0 100 200 300 400 500 600 700
Transportation
Consumer Goods and Retail
Financial Services
Communications
Life Sciences
TOP 5 INVESTMENT SECTORS EASTERN EUROPE 2008(MILLION euro)Besides Life
Sciences other
high-tech sectors
still lag behind in
Eastern Europe
SectorsEastern Europe vs Silicon Valley
Source EVCA 2008 (includes PE investments)
Source NVCA 2009 PWC Moneytree Report (VC only)
923
1071
1374
1582
2363
0 500 1000 1500 2000 2500
Media amp Entertainment
Medical Devices amp Equipment
Biotechnology
Industrial Energy
Software
TOP 5 INVESTMENT SECTORS SILICON VALLEY 2008(MILLION $)
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
9
LP LandscapeNot too different from the US
Limited investor
landscape for
emerging VCs
Top LPs are FoFs Pension Funds and Other Sources
Endowments and Foundations are of significantly higher importance in the US
Source EVCA 2008
(euro25 Bn includes PE)
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
10
Introduction to Eagle Ventures A Novel Approach
Unique
investment
focus and
strategy
generates high
return potential
CSE Region
Tier 1 Former Yugoslavia (Bosnia Croatia Macedonia Montenegro Serbia and Slovenia)
Tier 2 Bulgaria Hungary and Romania
Selectively anywhere if there is a clear CSE connection
TRIPLE FOCUS
Technology Sectors
Digital Media
Software amp IT
Electronics
Greentech
Early Stage
Primarily A and B investment rounds- Selectively seed or late-stage venture
- Co-investments with value adding VCs and co-investors
2
1
3
Started with euro10 Mn cornerstone commitment Abanka Slovenia
Made first investment in leading-edge live video streaming platform
Continue fundraising in Europe and US Fund target size euro40-65 Mn ($100 Mn cap)
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
11
Management TeamStrong VC entrepreneurial and tech background
Profound local
knowledge and
sound tech VC
track recordMario Orasche
Ljubljana Slovenia
George Sarcevich
Belgrade Serbia
Ivan Vrdoljak
Zagreb Croatia
Tech Investment Value $200 Mn
Entrepreneurial Experience
Corporate Experience
Tech Exit Value $15 Bn
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
12
Eagle VenturesWest Coast approach ndash unique in CSE
Modeled after
West Coast VC
organizations
to leverage
knowledge and
execution
Venture AdvisorsAdvice on Investment Divestment Decisions
Alon
Adler
Alan
Barrell
Peter
Globokar
Nino
Marakovic
Peter
Zaboji
Venture PartnersHands-on Management Support to Portfolio
Zdenek
Bilek
Karl Heinz
Messer
Dragan
Pleskonjic
Damir
Sabol
Peter
Szlavik
Domen
Verdnik
Supervisory Board
Bostjan Heric
Tone Pekolj
Christian Schopper
Portfolio Companies
FUNDNew Europe
Tech I
2 3 4 5-151
Fund Management Company
Investment
Manager II
Managing Partner SLO Managing Partner SRB
Analyst HR+SRB
Managing Partner HR
Analyst SRBTech Expert SLO
Crucial Venture Capital Skill SetsVenture Capital + Technology + Finance + Operations
Mario
Orasche
George
Sarcevich
Vladimir
DelicTBA
Damjan
Lampret
Ivan
Vrdoljak
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom
Page
13
First Portfolio CompanyLeading global player in real time video streaming
HQ Bay Area top engineering team in Slovenia Founded in 2008
Revenues $1 Mn
Headcount 20
Strategic partnership with Alcatel-Lucent
Customers
Preparing financing round with Silicon Valley investors
wwwlivecliqnet
Offers a unique 2-way (up and down) 3-screen (mobile web and broadcast)
live video streaming platform
Page
14
Contact
Thanks
Mario OrascheManaging Partner Founder
EAGLE VENTURES
marioeaglevccom
wwweaglevccom