Editor

Under the radar & PMs

Happy Friday Lithuania Tech Weekly #77 Follow on Twitter, and vote on controversial polls on LinkedIN (which university brings best startup founders?) Partner with TP by sponsoring this newsletter. work in progress * Marketplaces. Even beyond Vinted, Lithuanians show that they know how to build marketplaces. Here's growth - in 2021

Trolleybus

Hi team Lithuania! Lithuania Tech Weekly #76 Follow on Twitter, LinkedIn work in progress * The scaleups. Vinted launches Go - shipping brand with PUDO (pick up drop off) locations (Lithuanians love those). Makes sense - expensive and fragmented service in Europe, especially for a C2C marketplace. Also - Mantas Mikuckas

Hot climate hot economy

Made it to Friday! Time for a tomato issue Lithuania Tech Weekly #75 Follow on Twitter, LinkedIn work in progress * Taking CRM in parts. Several unicorns will be built going after Mailchimp, probably more after Salesforce? Breezit targets trillion-dollar event industry (started as Foxy Wedding in LT), Ventury.app is

An End Has a Start

Hi guys, how was the week? Lithuania Tech Weekly #74 Subscribe at philomaths.tech Follow twitter, LinkedIn Have a better picture that could work in the newsletter? Please send our way for upcoming newsletters. Bizarre is fine. work in progress * Moves. Another game studio landing in Vilnius, warm welcome. Also,

7 (out of 10)

Good very late morning friends! Lithuania Tech Weekly #73 Subscribe at philomaths.tech work in progress * Re-ve-nu-e 2021. Our little startups growing up? Vinted EUR 245m, Kilo Health EUR 100m+, Nordcurrent, EUR 62m and expecting 110m this year. Also there is Nord Security, some more hundreds for sure. * Travel is

Very Fair

Startup Fair, friends Lithuania Tech Weekly #72 Subscribe at philomaths.tech Anything to say or share - book here  work in progress * Startup Fair has been fun - here's a little piece of reporting (in LT) by Arunas and Martynas. Full event video (including pitches) is actually on the internet

Changing plans

Good late morning friends Lithuania Tech Weekly #71 Subscribe at philomaths.tech Book for a sponsored post here Busy spring with all regional startup events, including of course Eimantas and MailerLite story. US tech scene in panic, European is trying to get a sense or just slow to react? Some

The pains of growing

Good morning philomaths! Lithuania Tech Weekly #70 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter Connect on twitter [https://twitter.com/TPhilomaths] or linkedin [https://www.linkedin.com/company/tech-philomaths] now (yes, bringing weird polls, thought leadership, personal

Turn the ship around

Huh? We've arrived Lithuania Tech Weekly #69 Subscribe at philomaths.tech Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter.work in progress * Turnaround masterclass - this new podcast with Thomas Plantenga, CEO of Vinted [https://open.spotify.com/episode/04HvIlaatXWxjGIvMWu2Fd?si=88ee4827fc914765] , tells more behind

Finding gems

Rise, rise! Lithuania Tech Weekly #68 Subscribe at philomaths.tech [philomaths.tech]and never let goFinding jewels within LT tech has been fun - thanks to MailerLite, we are again reminded there is always more. For mostly bootstrapped scaleups, there is a "usual suspect" list [https://twitter.com/TPhilomaths/status/

Good Capital

Hope all keeping fine? Keep fighting. Lithuania Tech Weekly #67 Subscribe at philomaths.tech [www.philomaths.tech]work in progress * VC fit. Public stocks crashing, late-stage down rounds are in play [https://twitter.com/mikekarnj/status/1516423887248150549?s=12&t=-ug19oP0iSxWk4ya3vO3Kw] . Less in the region as we are still underpriced.

Act accordingly

Good Friday, Good Friday Lithuania Tech Weekly #66 Subscribe at philomaths.tech [www.philomaths.tech]work in progress * Home businesses. Martynas Nikolajevas launches Arrilo [https://www.linkedin.com/posts/martynas_proptech-marketplace-activity-6919649840494755840-fW6k?utm_source=linkedin_share&utm_medium=member_desktop_web] to democratize the second home dream for the Europeans (see

Discoveries

Good afternoon Lithuania Tech Weekly #65 Subscribe at philomaths.tech [www.philomaths.tech] Sponsors click here [https://www.philomaths.tech/advertise/]work in progress * Bootstrapped unicorn. When the first financing round is after 10 years and at $100m - you have discovered a bootstrapped unicorn! For LT this event is

Forced to choose

Good morning all Lithuania Tech Weekly #64 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter. Have an exciting job to share? Let us know.Europe facing some harder choices, not so good getting bloody gas & oil anymore. We've

No fatigue

Hi! Lithuania Tech Weekly #63 Subscribe at philomaths.tech [www.philomaths.tech] Sponsors click here [https://www.philomaths.tech/advertise/] Searching for a co-founder? just reply.work in progress Ukraine. The ingenuity of entrepreneurs: Ragnar collects trucks [https://www.facebook.com/photo?fbid=10159412960883301&set=pcb.10159412968503301] in Estonia, Aerones

Keeping sanity is part of the battle

Hello all, hope all well Lithuania Tech Weekly #62 Subscribe at philomaths.tech [www.philomaths.tech] Sponsor? [https://www.philomaths.tech/advertise/] 900 people ready these emails (top tech mountaineers in LT)Trying to keep up, despite all? You are not alone. The same goes for the founders fundraising, uncertainty

Regroup

Welcome back friends Lithuania Tech Weekly #61 Subscribe at philomaths.tech [www.philomaths.tech] Sponsor this newsletter here [https://www.philomaths.tech/advertise/]. This keeps these letters going!The horror continues, but evil will get defeated - have no doubt. It's a moment of reflection for Lithuania, too. How did

The Kyiv Independent

Welcome back friends, sorry for the silence Lithuania Tech Weekly #60 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter Important Ukraine-related initiative? Please let us know, happy to shareDecades happened in the last two weeks. It continues to

New Dawn

> A new dawn is breaking in Ukraine now, and the nation is still kicking asses — Illia Ponomarenko (@IAPonomarenko) February 26, 2022 [https://twitter.com/IAPonomarenko/status/1497443340962390024?ref_src=twsrc%5Etfw] Brave Ukrainians are fighting for their (and our own) freedom - a defining moment in recent history. It will

In (some) town

Welcome back friends Lithuania Tech Weekly #59 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter.Trying to get better - just like you! Would you help us by answering these five questions? Click here [https://tally.so/r/

Carnegie 2.0

Happy Friday! Lithuania Tech Weekly #58 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter. Have an exciting job to share? Hit reply and send our way.work in progress * Life Sciences are awesome. Progress report from Baltymas [https:

Founders, friends and foes

"All good, thanks" Lithuania Tech Weekly #57 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter. Have a startup job to share? Hit replywork in progress * VPN. Big news as Nord Security and Surfshark becomes one [https://www.cnet.

Hire

Welcome back friends Lithuania Tech Weekly #56 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/] this newsletter. Have an exciting job to share? Hit reply and send our way.We looked at Lithuanian venture funding 2021 [https://www.philomaths.tech/

Lithuania startup investing 2021

By popular demand, we're bringing an overview of investments into Lithuania startups last year. They grew quite a bit! What's the trend? * More capital, much more capital at growth stages, however, the number of investment rounds has increased too little. We need to account for Vinted factor, too - that

Show up

Hi there! Lithuania Tech Weekly #55 Subscribe at philomaths.tech [www.philomaths.tech] Advertise by sponsoring [https://www.philomaths.tech/advertise/] of course "Congratulations, you showed up!" For many things in life (that task, project, conversation, training session), just getting started is the most difficult part. We're putting a few

Never a smooth sea

Welcome to the very secret society Lithuania Tech Weekly #54 Subscribe at philomaths.tech [www.philomaths.tech] Say "hello" to your fellows by sponsoring [https://www.philomaths.tech/advertise/]work in progress * Space. Our national treasure Nanoavionics doubled the revenue [https://www.facebook.com/watch/?v=1094644707954755&extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&

Out of the building

Hi friends! 2x vitamin D in January please Lithuania Tech Weekly #53 Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/]We've put together 2022 predictions [https://www.philomaths.tech/2022-lt-tech-predictions/] - see what to expect from Lithuanian entrepreneurs and investors

2022 Lithuania tech predictions

> Might not happen at all - but what if it will? -------------------------------------------------------------------------------- I. Vinted raises > $500m to expand in the US market Consider industry is at massive growth (grew 21x faster than traditional apparel last year [https://twitter.com/rex_woodbury/status/1473746583216816129?s=20]), second-hand trade is only a

Observatory at #46

Writing a newsletter on Lithuanian startups for more than a year. It's fun times.

Finding Angel Investors in Lithuania

Angel investment is typically the earliest outside investment a startup would receive. Here are some tips and resources on how to approach it. Written in 2020 and calls for update. Thoughts what to add? Feel free to email. How to think about angel investors * They are more than providers of

What a year [ahead of us]

Happy New Year! Lithuania Tech Weekly #52 2022 = new dress for Lithuania Tech Weekly. Subscribe at philomaths.tech [www.philomaths.tech] Get your message out by sponsoring [https://www.philomaths.tech/advertise/]work in progress * Awards. GLL recognizes Rita Sakus [https://www.linkedin.com/posts/lithuanian-business-angel-network_we-are-delighted-to-congratulate-our-co-founder-activity-6882262499928936448-T_Al] - co-founder,

Foreign and remote-first scale-ups in Lithuania

Which non-Lithuanian scale-ups are hiring here? We look at fast-growing ones, typically later stage but still in fast value creation, significant leadership links, and core-business operations. Why it is important? * Size and depth of the local ecosystem - we have more, experienced operators, working at later stages of growth * Plugging

Simple, not easy

Lithuania tech weekly #51 Merry Christmas! New Year = new dress for LT Tech Weekly Subscribe at philomaths.tech [www.philomaths.tech] Book a sponsored post [https://philomaths.tech/sponsor-an-issue]What a year to close - and let's do it next week, anyways. One should never count the numbers too early: