work in progress
- Defence. War in Ukraine prompted surge of defence tech in the Baltics, Sifted reports, talking to several people in Lithuania, too. Brothers Milasauskai have been rapidly building RSI Europe, Brolis Defence won a large contract in Belgium, revenue is growing for Ados-Tech, and Unmanned Defence Systems are serving in Ukraine already. Attitude has changed dramatically in the region, and for 10 European Defence startups to watch, Rokas (OCC) points at Milrem Robotics (EE) and Aktyvus Photonics (LT).
- Fintech. Risk and regulation is among key Fintech themes in the LSVP summary, and Baltics are well position for this. Estonian Salv raises EUR 4m, Lithuania launched its bid for European AMLA hub in Vilnius - see USP here
- People. Martynas, co-founder and CEO of Trafi, steps down and will join the Board instead. Long journey and yet Trafi continues to grow revenue well, and has very strong brand in the ecosystem. Agne is now CSO and Chair of the Board at ConnectPay. Sameer is the new CSO of Okredo. In the relevant venture world, Linus Dahg is now CEO ant Inventure, while Andreas Helbig (New Nordic focus) became partner at Atomico.
rounds and capital
- Strava acquired FATMAP, startup famous for their 3D outdoors maps. FATMAP Vilnius office has 6 people, but Paulius Liekis has been one of the earliest contributors to the team (map lover, too). Congrats!
- Report on Latvia's tech in 2022, funding and other
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- Systems of Elite CEOs - with Avishai Abrahami, the founder and CEO of Wix
- Internal comms for executives by Will Larson
- a16z guide to growth metrics (B2B)
- Tips for SaaS startup budgeting decisions in 2023
- Why to Not Not Start a Startup by Paul Graham:
If you don't think you're smart enough to start a startup doing something technically difficult, just write enterprise software. Enterprise software companies aren't technology companies, they're sales companies, and sales depends mostly on effort.
- What Gen Z Thinks About Work, College, and the Internet
- Metrics of best-in-class SaaS, that currently trade 10x ARR or more
- Startups that pivoted at Series A or later, but managed to succeed
- Borderless guide to nomad living in Amsterdam - and few other cities
- Layoffs sound scary but that is not the whole picture - big tech has been expanding a lot. And LT scaleups are hiring, too.
One of the reasons to fight for freedom
three questions, previously
- Justinas Pasys, Managing Director, LitBAN
- Magnus Hambleton, Investor, byFounders
- Povilas Poderskis, Development Director, Darnu Group, ex-COO Nord Security
- Gytenis Galkis, Venture Partner, Superhero Capital
- Daniel Kratkovski and Dominykas Milašius, co-founders, Delta Biosciences
- Kasparas Aleknavicius - Co-Founder and CPO, Loctax
- Andrius Milinavičius, General Partner, Baltic Sandbox Ventures
- Laura Korsakova, Founder and CEO, Psylink
- Paulius Uziela, Investment Manager, Coinvest Capital