I came across Saul Klein’s excellent presentation from the last Web 2.0 Expo in Berlin and thought I’d share it with you.

The main takeaways:

  • Situation is grim: startups have no money, no clients and an imaginary war
  • The valley is experiencing doom and gloom
  • But startups are tough, and some of the greatest companies started in recessions (Skype, Facebook, YouTube, MySql)
  • But there’s still lots of money to be invested in startups that understand the new reality.
  • Angels will retreat.
  • My favorite: the cockroach: Focus, don’t panic, bootstrap, make products people want, get paying customers, cut costs, get to break even, raise enough capital and stay strong.

Index recently invested in the Israeli startup MyHerritage, the maker of fancy family trees and advanced image recognition technology which recently acquired London based Kindo.

Unfortunately, I wasn’t able to embed the slides, but you can find the original at localglo.be or enjoy the video below:

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Eze Vidra
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel. I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups. I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.

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