SEC2SV European Innovation Day

Computer History Museum, Mountain View (CA)

September 12, 2016

Alberto Onetti, Chairman, Mind the Bridge

Twitter: @aonetti

STARTUP TRANSATLANTIC M&AS

EU VS US

ARE THESE BELIEFS TRUEOR JUST MORE OF THE MANY

SILICON VALLEY

MYTHS?

Acquisitions have played a central role in Silicon Valley’s success

Buying startups is one of the fastest ways for companies

to embrace disruption and keep innovating

ARE U.S. AND SILICON VALLEYCOMPANIES MORE ACQUISITIVE?

New research by Mind the Bridge + CrunchBase

15,230 M&A transactions completed since 2012

6,414 startup acquisitions

5,925 performed by US and European companies

STARTUP TRANSATLANTIC M&AS

US VS EU

US AND EUROPEAN COMPANIES

FOCUS THEIR M&A ACTIVITY IN THE US AND EUROPE

US COMPANIES ACQUIRE 4X

STARTUPS THAN EU COMPANIES

US STARTUPS ARE MORE EXPENSIVE

THAN EUROPEAN ONES

44% OF EUROPEAN STARTUPS ACQUIRED BY US

COMPANIES

THE TOP 15 ACQUIRERS ARE ALL US

11 ARE FROM THE SILICON VALLEY

THE FIRST EUROPEAN

COMPANY IS SAP (33RD)

THE TOP 15 US COMPANIES

ACQUIRE 6X

THE TOP 15 MOST ACTIVE

EUROPEAN COMPANIES

HAVE ACQUIRED

APPROXIMATELY THE

SAME NUMBER OF

STARTUPS THAN GOOGLE

LONDON IS THE EXIT CAPITAL FOR EUROPE(NO PUN INTENDED)

NOT ALL ECOSYSTEMS SHOW

A POSITIVE M&A BALANCE

BETWEEN

THE SELL (EXITS) AND

BUY (ACQUISITIONS) SIDE

THANK YOU

DOWNLOAD THE REPORT ON

WWW.MINDTHEBRIDGE.COM/RESEARCH