Investing in wearables ngp, munich jan 2014
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Transcript of Investing in wearables ngp, munich jan 2014
Investing in Wearables; Smartwatchs & Wristbands
What do investors look for?
Wearable Technologies Conference Jan 2014, Munich
Nokia Growth Partners
19982005
2014
Nokia Growth Partnerswas founded in 2005 asan independent growth stage venture investor sponsored by Nokia.
Nokia has a long and successful history ofpromoting innovationthrough venturesponsorships datingback to 1998.
Today NGP’s team consistsof 12 active investors in theUS, China, India and Europewith a portfolio of 40 growth stage companies in mobile.
Nokia has invested over $1.5B in different venture funds over the years and renewed funding for NGP by $250M in 2013, making NGPs total fund $600M
SAN FRANSISCO GENEVA HELSINKI NEW DELHI BEIJING
BO ILSOEPartner
WALTER MASALINPrincipal
JOHN GARDNERPartner
ANNIE LINSenior Associate
PAUL ASELPartner
UPAL BASUPartner
ANUPAM RASTOGIPrincipal
VIVEK GOYALAnalyst
DAVID TANGPartner
LU GUOPrincipal
YAO GEAssociate
KEVIN LAUAssociate
ADTECH, DATA& ANALYTICS
EMBEDDED SYSTEMS
MOBILE CONSUMER
MOBILE ENTERPRISE
LOCAL COMMERCE
Mobile advertising network
Programmatic
Performance-based online marketing
Digital CRM data provider
Location powered online advertising
Advanced micro-optics maker
Smartphone image sensor technology
Smartphone array camers
Power integrated circuits
Securing online transactions
Online Fashion, Luxury & Lifestyle
Online coupon & deals site
In-store analytics for online & offline retail
Electronic payments &business solutions
Online classi edsadvertising platform
Classi eds site in India
Digital entertainment
Mobile language learning
Casual social games
Game monetization
Touch screen games
Online businessperformance optimization
Managed IT hosting forproducts and services
Carrier grade messagingsecurity
Cloud services
Investing in a world of mobility
Workplace
Smart Home
Personal
Connected Car
Business
services
CLOUD
Cloud enablers;Telco Security Analytics
Payments Identity Intermediation
Consumer services
ds
w
u
i
z
Investment Focus in Mobile
ADTECH, DATA & ANALYTICS
EMBEDDED SYSTEMS
MOBILE CONSUMER MOBILE ENTERPRISELOCAL COMMERCE
SAN FRANCISCO GENEVA HELSINKI NEW DELHI BEIJING
Investing in a world of wearables
Recent smartwatch & wristband deals
Company Date Funding Description Investor
Lumo Body Tech Dec-12 $5M Posture sensor Madrona, Eric Schmitt
Nest Jan-13 $80M Smart home Google, venrock, lightspeed, Shasta, InterTrust
Pebble May –13 $15M Smart watch Charles River (first raise on kickstarter)
Ouya May –13 $15M Android gaming console
KPCB, Mayfield, Shasta, InVidia
Withings Jul – 13 $30M Health tracking IdInvest, Ventech, BPI France
Netatmo Jul-13 $6M Connected weather station
Iris Capital, Angels
Jawbone Sep – 13 $100M UpFitnesstracking
Silverlake, Fortness, JP Morgan, Khosla, KPCB, Sequaio
Basis Oct – 13 $12M Smartwatch
Mayfiled, DCM, Norwest, Intel + others
SmartThings Nov –13 $12.5M Open platform for IoT
Greylock, Highland, Lerer Ventures, First Round Capital
Mocana Dec – 13 $15M IoT security GE Ventures, Shasta, Symantec, Trident
Know your market
CE wearables are a fraction of the overall consumer electronics market, which reflects the industry’s current early stage
TAM calculation2013 smartphone penetration 959 million units. 2.5bn fitness wearables market size + 100 ASP=25M units. Penetration rates of wearables to smartphone installed base/shipments today is 3%
CreditSuisse projects $30-50 bn wearablesmarket over next 5 years. Current watch market is $56bn and sunglasses $20bn.
$690 bnConsumer Electronics
$380 bnCompute (PCs, Tablets,
Smartphones)
$2-3 bnFitness
Wearables
Know your market
Source : Federation of the Swiss watch industry
Switzerland World
ASP of Watch from- China: $3- Switzerland: $739
Who will win?
“We tend to overestimate the speed of adoption and underestimate the long term impact”
The one who has
Good distributor relationships Understands the mix between Fashion and Technology Emphasizes on superior service Has a core differentiating factor Patience, passion and a great team Access to capital… (a lot of it if it’s a consumer business)
Thank You