The Global Ventures Summit has chosen Luxembourg as its destination this year - the first time ever to be held in Europe. Lisa Burke has talked to Alex Estevez, whose career has seen companies transform in size and scale, both intrinsically and in terms of shareholder value, without fail.
To name a few of the companies Accel have invested in would be to skim through the cream of creations in recent online years: Facebook, Dropbox, Atlassian, Spotify, Squarespace, Etsy, lynda.com ... the list goes on. Mr Estevez is also a personal investor in leading US software companies.
The Tripling Effect
His time at Atlassian in San Francisco saw them triple their bookings, and grow shareholder value from $400 million to $3.3 billion. Prior to this, at BigFix, he also tripled revenues, resulting in their sale to IBM - the largest private software M&A transaction of 2010, representing a 5-fold increase in shareholder value.
With a degree from Harvard followed by an MBA (with distinction) from Northwestern’s Kellogg School of Management, Alex Estevez’s ability to choose well is first-class.
What does he look for?
Entrepreneurs who are open, humble, and trying to solve a real problem; Alex looks for three key points:
1) Customer passion
2) Product excellence
3) Management team, particularly the CEO
Mr Estevez has seen that the socio-economic wellbeing and status of regions can be enhanced with good investment in entrepreneurship. He believes Luxembourg, and Europe, has much to tap into.
What is the Global Ventures Summit?
The Global Ventures Summit (GVS) is a world-class event where high-profile VCs meet strong start-up ventures who want to scale, and need both money and specialised knowledge to do so. This is the first time it will be held in Europe.
Who should attend?
Tailored to those keen to converse along the interface of money and ideas: venture capital and entrepreneurs, but with the list of speakers and people you might bump into, it will be an exciting place to be, whatever your metier.
When / Where?
GVS will take place on 20 and 21 November in Maison du Savoir in Esch-sur-Alzette