WITN?: Saul Klein Defends the Honor of Wordy and London and Israel's Tech Scenes (TCTV)

Sarah Lacy

Sarah Lacy writes for PandoDaily, a news site which she founded. She is also an award winning journalist and author of two critically acclaimed books, “Once You’re Lucky, Twice You’re Good: The Rebirth of Silicon Valley and the Rise of Web 2.0” (Gotham Books, May 2008) and “Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit from Global Chaos... → Learn More

Tuesday, September 21st, 2010

In this week’s show, we talk to one of our favorite angel investors, Saul Klein, who just wrapped up his third annual Seedcamp in London. In addition to being a partner at the powerful Index Ventures and having a British accent — which lonely expat Paul can’t get enough of– Klein is impressive because he’s one of the only angel investors who has made what is traditionally an intensely local way to invest work globally. He holds mini-Seedcamps all over the world, and the annual London event included entrepreneurs from 16 countries. Just two weeks ago, Fred Wilson gave Klein props as the guy to get to know if you are trying to start a company in a fringe market and don’t have a lot of investing contacts.

In this video, Klein tells us about the overall theme of this year’s Seedcamp, and we dig in on the company we liked the best (Spoiler Alert!) and the company we liked the least (Spoiler Alert!). We then ask him why with so much going on in fast-growing economies in Africa, South America, Asia and the Middle East we should still care about stodgy old London’s tech scene, and he gives a pretty good answer. We wrap up with a discussion about Klein’s latest experiment: He’s relocated to Israel for a year to figure out why returns have fallen off in a country with so much technical and entrepreneurial talent.

Then Paul and Sarah say goodbye to Klein and have a fight about incubators. Paul tells people to get on a plane to the Valley if they want to start a company; Sarah loses it and calls him names. A lot of eye-rolling ensues.

It’s a long WITN this week, but, forgive us, we cover a lot of global ground.


Saul is currently a Partner at Index Ventures. Before joining Index, he served as the global VP of marketing and e-commerce for Skype (purchased by eBay, where he is currently still an advisor). Prior to Skype, Saul co-founded and served as CEO for Video Island, an Index-funded venture that recently merged with LoveFilm to become Europe’s leading online DVD rental and movie download service.

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Company: Seedcamp
Website: seedcamp.com
Launch Date: May 2007
Funding: €5M

Seedcamp is an organization to jumpstart the entrepreneurial community in Europe by putting the next generation of developers and entrepreneurs in front of a network of company builders; including seed investors, serial entrepreneurs, product experts, HR specialists, marketers, lawyers, recruiters, journalists and venture capitalists. Seedcamp acts as a micro seed fund to invest in startup companies. Seedcamp invests all throughout the year, during Mini Seedcamp events that are held all over Europe. During its flagship event Seedcamp Week, which takes...

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