5 min read

Competitive summer

Competitive summer
Photo by Vlad Kovalenko
Lithuania Tech Weekly #183
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work in progress

Tesonet house of brands

how we track and discover some startups

rounds and capital


sponsors

Privileged to receive support from a group of core sponsors, who decided to get onboard. They have some newsletter invites, too!

Cloudvisor [AWS partner dedicated to startups]
PayPal [Global integrated payments solution]
Vinted [largest C2C European marketplace, always hiring]
Tech Zity [tech hubs and campuses across Lithuania]
Presto Ventures [investing in startups at the forefront of security, defense, aerospace]
15MIN Group [all the news you need to know]
Wargaming [award-winning game developer, careers]


founder's guide

To identify leads, they used the list of recipients to whom they were writing their monthly updates—about 30 investors and 70 supporters. 
By exploring each person’s Linkedin network of around 3,000 connections, they identified VPs of operations and supply chain of companies they were targeting. By leveraging mutual connections, they sent personalized emails asking for introductions, making it easy for recipients to share information about Factored Quality with potential buyers.

Tech Philomaths'community


further insights

  • Lambda School has been one of the shining edtech stars of ZIRP era.. Things went wrong, and looks like we have another founder that wanted success too badly.
  • Does it take extraordinary talent to build home runs in venture capital? Looks like founders tend to be not exactly average, Episode 1 tried to quantify a bit, while Harry always has some anecdotal evidence to offer, too.
We created 5 binary factors to assess how iconoclastic a founder is. These span early childhood signals, quirky hobbies, unique career trajectories and obscure skills. These factors were combined, giving each founder a score from 0 to 5. This iconoclast score was the single most predictive variable in our AI model. Founders with a top score were almost 6x more likely to raise a future Series-A/Series-B round! This score also showed no correlation with conventional metrics such as whether a founder previously worked at a top company or attended an elite university.

ecosystem

1% decline in public R&D spillovers causes a 0.17% decline in productivity growth. Public R&D spillovers are three times as impactful as private R&D spillovers for firm productivity and their impact persists at the sector level.

roleplay

Early-stage startup jobs, Baltics
Join the leadership team before Series A

Vinted - Vice President of People, Group People
Vinted Go - Senior Program Manager
Spark - B2B Sales Manager
IPXO - Account Management Team Lead
Billo - Motion Design Team Lead
Bored Panda - Head of Business Unit (boredpanda.com)
Atrandi Biosciences - Head of Computational Biology (HCB)
Nord Security - Head of Treasury
SME Bank - Chief Legal Officer

Join before they hit another round and valuation skyrockets
Ovoko - 40+ positions
CAST AI - 60+ positions