THE IRISH TECH STARTUP - B Y - Frontline Ventures
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THE IRISH
TECH STARTUP
GUIDE
BY
W W W. F R O N T L I N E .V C @FRONTLINE
WHO IS FRONTLINE VENTURES?
We are a venture capital fund based in Dublin and London that backs passionate
software entrepreneurs and helps them build their companies
WHAT WE INVEST IN
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6952 Big Data Cloud
Services
Payments
TALK TO US
@frontline @wilp @willmcq @kim617
IRELAND BY NUMBERS • 4
A HISTORY OF ENTERPRISE • 9
THE IRISH TECH ECOSYSTEM • 12
IRISH STARTUPS • 16
PEOPLE TO KNOW • 22
FINDING CAPITAL AND MENTORS • 30
PLACES TO GO • 36
IREL AND BY NUMBERS
TA L E N T
1/3 2/5 The only English Access to the EU The highest
of the population of the population
is third-level speaking country and its 500m proportion of
is under 25 -the
educated - the in the Euro Zone population science and
youngest population
highest rate in the engineering grads in
in the EU
western world, and the world
compared to 29%
EU average
TRACK RECORD
8/10 3/6 9/10 4/8 Technology companies
account for over 90%
top global ICT top global gaming top global pharma top global financial of venture capital
companies companies companies institutions investment in Ireland,
compared to 31% in
Europe
have operations in Ireland
WORLD COMPETITIVENESS
Best country to do
business in globally
Forbes 2013
1st for business 1st for investment
legislation for incentives for
foreign investors foreign investors
1
GCR 2013 GCR 2013
1st for FDI per 1st in the world for
100,000 population most-highly employable
IBM Global Location graduates
Trends Report EC Study of International
Recruiters 2010
1st for availability 1st for real
of skilled labour corporate taxes
GCR 2013 GCR 2013
WORLD COMPETITIVENESS
The investment by US companies into Ireland is greater than
that made in Brazil, Russia, India and China combined.
RUSSIA
IRELAND
INDIA CHINA
BRAZIL
1990 - 2011
A HISTORY OF ENTERPRISE
Irish-French economist Richard Cantillon coined the word
‘entrepreneur’ in 1730 and identified the entrepreneur’s role as a risk
taker who is balancing the markets by predicting what buyers want.
Some look at things
that are, and ask why. I
dream of things that never
were and ask why not?
George Bernard ShawWhen I came to Facebook
and it was time to figure out
where to put our international
headquarters…we actually
really only looked at Ireland
Sheryl Sandberg,
COO Facebook
Ireland is a great
place to do business
Eric Schmidt, Chairman,
GoogleTHE IRISH TECH ECOSYSTEM
ONCE UPON A TIME IN DUBLIN…
1950-2000: Intel, IBM, Sun Microsystems, Dell, Microsoft, HP, Oracle, Citrix, Symantec, EMC2
powered by…THEN CAME ‘IRELAND 2.0’…
2000-2010: Google, Yahoo, Amazon, Facebook, EngineYard, Ebay, Paypal, Salesforce, Aol, VMWare
powered by…AND SUDDENLY IN JUST TWO YEARS:
2010-2012: Dropbox, Twitter, LinkedIN, Zendesk, Etsy, Zynga, HubSpot, Gilt, LogMeIn, 10Gen, SumUp,
Marketo, Ancestry.com, Groupon, Riot, Indeed, MasterCard
powered byTHE WEB SUMMIT
2010 2014
Less than 30 people spoke More than 600 people spoke
(a 20x increase)
There was 1 workshop More than 150 workshops
(a 150x increase)
Just under 500 people showed up 20,000 people showed up
(a 40x increase)
3 startups exhibited 2200 startups exhibited
(a 730x increase)
4 international investors showed up 600 international investors attended
(a 150x increase)
Attendees came from 1 country: Ireland Attendees came from 109 countries
(a 109x increase)IRISH S TA R T U P S
ENTERPRISE/SAAS
IRED
ACQU
IRED
ACQUSOCIAL MEDIA/CONSUMER WEB E- C O M M E R C E ED TECH
MOBILE FIN TECH H E A LT H T E C H
IRED
ACQUMUSIC TECH GAMING
SOME HOMEGROWN SUCCESSES
Connected to 300 mobile operators in 130 countries, reach of 3.5 billion mobile phones
Processed over $24bn in online transactions last year
Leading developer of physics engine used in over 500+ top selling video games and many
blockbuster movies
250,000 beds are booked a month through its platform and used in over 165 countries
Used by 80 governments globally to manage social welfare payments
Biggest public online bookmaker in the world
AND MANY
OTHERS:SOME PEOPLE TO KNOW
SOME PEOPLE TO KNOW
Karl Aherne Tim Arnold Nick Ashmore Sean Baker Russell Banks Richard Barnwell
Wayra Hailo NPRF Incaplex Investor Sheet Digit/Jagex
Sean Blanchfield Keith Bohanna Simone Boswell Gavin Bourke Terence Bowden John Breslin
PageFair IIA Enterprise Ireland Nebula Ventures Propellor Accelerator NUIG
Niamh Bushnell Ed Byrne Donal Cahalane Paul Campbell Brian Caulfield Dylan Collins
Startup Commissioner Xenon Ventures Trustev Tito DFJ Esprit Box of AwesomeSOME PEOPLE TO KNOW
Karl Aherne Paddy Cosgrave Mary Cronin Donnchadh Cullinan Tom Cusack Dermot Daly
Wayra WebSummit / Thousand Seeds Enterprise Ireland Enterprise Ireland Topado
F.ounders
John Dennehy Joe Drumgoole John Egan Sonia Flynn Niall Harbison Paul Hayes
Zartis Feed Henry Archipelago / Facebook Lovin’ Dublin Beach Hut
Weller
John Herlihy Daire Hickey Paddy Holahan Andrew Hunter Eoghan Jennings Martin Kelly
Google Websummit / Newbay SVB Health XL IBM / Health XL
F.oundersSOME PEOPLE TO KNOW
Dave Kelly David Lawrence Gary Leyden Eamon Leonard Colm Lyon Vincent Lyons
Websummit / F.ounders Pegasus NDRC LaunchPad Engine Yard Realex Payments DubStarts
Barry Maloney Steven McIntyre Kieran Moynihan Adrian Mullett Darren Mulvihill Joan Mulvihill
Balderton Capital Twitter CIT Bank of Ireland Startup Grind Irish Internet Assoc.
Connor Murphy Gene Murphy Garrett Murray Ray Nolan Barry O’Brien Deirde O’Brien
DataHug Startup Ireland Enterprise Ireland Hostel World/ SVB O’Brien & Associates
Ultimate RugbySOME PEOPLE TO KNOW
Paul O’Dea Barry O’Dowd John O’Dwyer Aileen O’Malley
Selected Strategies IDA AIB SOvH Partners
Ronan Perceval Raomal Perera Pat Phelan Nicola Riordan Noel Ruane
Phorest Thousand Seeds Trustev Nua Marketing Polaris
Anna Scally Barry Smyth James Whelton
KPMG UCD CoderDojoA FA M I LY B U S I N E S S
John Patrick Eamon Brian Jonathan Jason Martina Michael
Collison Collison Fallon Fallon Ruane Ruane Skelly Skelly
Jennie Grace Sarah Brian Frank Kate Aoibheann Emer
McGinn McGinn McGinn Reeves Reeves O’Daly O’Daly O’DalyTECH PRESS
Johnny Ryan Karlin Lillington Ciara O’Brien Pamela Newenham Carmel Doyle
Irish Times Irish Times Irish Times Irish Times Silicon Republic
Adrian Weckler Tom Lyons John Kennedy Gavin Daly Mark Little
Sunday Business Post Irish Times Silicon Republic Sunday Times Storyful
Chris Horn Gavan Reilly Philip Connolly
Irish Times TheJournal.ie Sunday Business PostT E C H N O L O G Y L AW F I R M S
S TA R T U P A C C O U N TA N T S LARGER FIRMS INDEPENDENT
RECRUITERS BUSINESS/SALES TECHNICAL
F I N D I N G C A P I TA L
& MENTORSI N C U B AT O R S /A C C E L E R AT O R S
BANKS & CROWD-FUNDING
ANGEL NETWORKS
L O C A L & I N T E R N AT I O N A L R E S I D E N T V C S
OYSTER CAPITALCENTRES FOR SCIENCE, ENGINEERING & TECH
CSETs help link scientists and engineers to industry and foster the development
of Irish technology companies.PL ACES TO GO
C O -W O R K I N G S PA C E S
IADT Media Dogpatch Labs Liffey Trust Hub
Cube
National College Guinness The Digital Hub
of Ireland Enterprise CentreS TA R T U P H A N G O U T S KC Peaches Chop House Skinflint Science Gallery Library Bar Crackbird 3FE Jo’Burger No Name Slattery’s Food Game
MEETUPS AND CONFERENCES
WA N T T O F I N D O U T M O R E ?
DO YOU KNOW SOMEONE WHO BELONGS ON OUR GUIDE?
FOLLOW OR TWEET @FRONTLINE
WORDS BY: PRODUCED BY: PICTURES BY:
Ro i s i n K i b e r d Fu c h s i a M a c A r e e
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