Archive for July, 2008

Global Entrepreneurship Week

July 31, 2008

I am very happy to announce that the Global Entrepreneurship Week (GEW) España will take place around the globe in the week of the 17th to the 23rd of November 2008. The founders of GEW are the “Make your Mark” and the “Kaufmann” Foundation. One of the prominent promoters of the week in Europe is the British Prime Minister Gordon Brown.

End of last year I helped the GEW to be introduced to Spain. The initial contact was made through EO (Entrepreneurs’ Organization) and the first meetings were hosted and managed by IESE Business School. Besides EO and IESE important entrepreneurial organisations and institutions are already represented such as, First Tuesday, Barcelona Activa, ACC1Ó CIDEM | COPCA, Active Capital Partners, Eurecan, Training Games Ltd., Caixa Capital Risc, EOI Escuela de Negocios, Intereconomía, Junior Achievement España, Sistema madri+d and Madrid Emprende. Every partner is committed to joining forces in order to organize events, conferences, learning forums and special sessions during the Global Entrepreneurship Week. Everybody has a common goal: To foster entrepreneurship!

Bertelsmann co-invests with Active Capital Partners and 3i in the eCommerce shopping community BuyVIP

July 4, 2008

I am very happy to announce that BuyVIP signed a significant Series B financing round with Bertelsmann Digital Media Investments (BDMI), the Venture Capital arm of Bertelsmann, a leading global media house with revenues in excess of 18 bn. € in 2007.

BuyVIP is a private shopping community which was founded just two years ago by Gustavo Garcia and Gerald Heydenreich and now boosts a community of more than 2 Mio members in Spain, Germany and Italy. With Active Capital Partners we invested in the early stage round in February 2007. 3i joined us as co-investors in july 2007. In this round 3i extends its stake and MCI (Molins Capital Inversión, VC fund advised by Active Capital Partners) also participates in this round. Some other key investors are Rodolofo Carpintier, Michael Kleindl, Grupo Intercom and the EFF.

BuyVIP has recently reached its operational break-even and has generated in the first half of 2008 already more than 12 Mio. € in revenues. Only members of the shopping community can participate in the time limited campaigns, buying branded products at a reduced price or getting access to new collections. More than 300 top brands such as Calvin Klein, Ed Hardy, Diesel, Adidas, Puma, Nudie, Gucci or Fendi have already worked with BuyVIP.

Every day more than 10 campaigns are going life throughout Europe and every month more than 150.000 new members join BuyVIP. In April BuyVIP received the acclaimed Red Herring Top 100 award making it one of Europe’s most innovative and fastest growing companies.

Bertelsmann joining as a strategic investor will allow BuyVIP to extend the media reach, work even closer with top brands and further expand into new markets.

Futhermore BuyVIP has extended its Advisory Board by the following members:

Michael Kleindl

Co-founder and CEO of AdLINK Internet Media AG, President and co-founder of the European Interactive

Advertising Association (EIAA), Executive Advisor to the Zanox.de AG. Chairman of wunderLOOP.

Oliver Samwer

Managing Director at European Founders Fund, After founding Alando in 1999 and the sale to eBay Inc,
Oliver and his brothers founded Jamba! AG which was acquired in 2004 by Verisign Inc.

Rolf Schuchardt

Member of the Board of QUELLE Group. Europe’s largest mail-order, e-commerce and homeshopping

company with retail-stores and subsidiaries, Member of the Board of Directors of E. Breuninger KG

Department / Speciality Store-Organisation with shopping centers and several branches,

Managing Director / Director Sales of Horten AG Department Store Organisation with 50 branches

Congratulations to Gustavo and Gerald for the impressive

achievements on all levels of their business…!