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Yes, hello friends
Lithuania Tech Weekly #122

We have short version - Work in Progress - landing on LinkedIn now,
The full newsletter is here (email) as always - philomaths.tech

(When people share could find them and send flowers)
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works in progress

  • People. Tadas Pukas (Superproduktas podcast) lands at Omnisend. Recently at Vinted, Grazina joins Vugene, a bioinformatics company, in CEO role. Andrius transitions from Coingate to contract-based gigs. Aurelijus joins Integral Solutions as a co-founder. Sarunas is on the lookout for a new challenge after a Head of Product run with axis in Cairo.
  • Ecosystem. There is an inherent tension between startups and economic development. Politicians daydream about startups emerging in small towns and creating local jobs. The reality is that founders need to chase capital (selling equity) and best-in-class talent, typically available in the most productive locations - i.e. cities. Thus if this startup is boarding a train from Bristol to London, so will do a founder from Alytus (is there train to Vilnius?). Hopefully, investing in regional hackathons will at least get some founding teams going, but unlikely they will have much local development impact.
  • Govtech. Grant program for any public organizations to fund MVPs and pilots (up to EUR 53k per project).

First and only private equity & venture capital course in Lithuania, led by industry insiders, managing around 2B EUR in assets. This open online course, "Private Equity & Venture Capital in Practice" is dedicated to everyone interested in investments, entrepreneurship, and strategies for building and scaling successful companies.

sponsored by LT VCA

What to expect from the course

  • Top-notch investors - see the lecturers
  • First-hand knowledge
  • Exclusive content
  • Practical tips & tricks

Join the course!

rounds and capital


founder's guide

Last week we sent Race Against Time

Open rate 68%
Clicked 20%
Top links - PVcase office review, FIRSTPICK pre-accelerator team list, FIRSTPICK portfolio hiring, Sifted piece on spinouts and biotech in LT.

We also asked, too. As funding became scarce, valuations dropped, economy slowed down - which LT/Baltic startups are likely to get acquired? Submit your views / guess in this anonymous form.

further insights

Other ecosystems covered - newsletters

three questions, previously

Enjoy the week!
Anonymous feedback here