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The pains of growing

Good morning philomaths! Lithuania Tech Weekly #70 Subscribe at philomaths.tech Get your message out by sponsoring this newsletter Connect on twitter or linkedin now (yes, bringing weird polls, thought leadership, personal branding...)The big news is Eimantas' (co-founder of MailerLite) upcoming reveal on what has been happening before the

Turn the ship around

Huh? We've arrived Lithuania Tech Weekly #69 Subscribe at philomaths.tech Get your message out by sponsoring this newsletter.work in progressTurnaround masterclass - this new podcast with Thomas Plantenga, CEO of Vinted, tells more behind the scenes on the famous Vinted U-turn. What did Thomas see early visiting Vilnius?

Finding gems

Rise, rise! Lithuania Tech Weekly #68 Subscribe at 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, but deals like this (or Dokobit, or

Good Capital

Hope all keeping fine? Keep fighting. Lithuania Tech Weekly #67 Subscribe at philomaths.techwork in progress VC fit. Public stocks crashing, late-stage down rounds are in play. Less in the region as we are still underpriced. A time when some founders ponder venture capital fit at all - as mentioned

Act accordingly

Good Friday, Good Friday Lithuania Tech Weekly #66 Subscribe at philomaths.techwork in progress Home businesses. Martynas Nikolajevas launches Arrilo to democratize the second home dream for the Europeans (see how below). Danish Reform (think IKEA+Danish design) raised €25m round led by Experienced Capital and naturally LT is their

Discoveries

Good afternoon Lithuania Tech Weekly #65 Subscribe at philomaths.tech Sponsors click herework 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 a 100% increase on unicorn statistics, for Nord Security

Forced to choose

Good morning all Lithuania Tech Weekly #64 Subscribe at philomaths.tech Get your message out by sponsoring 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 been reading Adam Tooze's summary on this,

No fatigue

Hi! Lithuania Tech Weekly #63 Subscribe at philomaths.tech Sponsors click here Searching for a co-founder? just reply.work in progress Ukraine. The ingenuity of entrepreneurs: Ragnar collects trucks in Estonia, Aerones (Latvia) donates power generators,  Pusku Pusku learned how to produce bulletproof vests.  Paysera brings beds to the office,

Keeping sanity is part of the battle

Hello all, hope all well Lithuania Tech Weekly #62 Subscribe at philomaths.tech Sponsor? 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 tends to slow down decisions. work in progress

Regroup

Welcome back friends Lithuania Tech Weekly #61 Subscribe at philomaths.tech Sponsor this newsletter here. 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 this country of 3 mln, bordering Belarus and

The Kyiv Independent

Welcome back friends, sorry for the silence Lithuania Tech Weekly #60 Subscribe at philomaths.tech Get your message out by sponsoring this newsletter Important Ukraine-related initiative? Please let us know, happy to shareDecades happened in the last two weeks. It continues to unfold without any clear final outcome. Is it

New Dawn

A new dawn is breaking in Ukraine now, and the nation is still kicking asses — Illia Ponomarenko (@IAPonomarenko) February 26, 2022 Brave Ukrainians are fighting for their (and our own) freedom - a defining moment in recent history. It will define how the evil Kremlin regime will lose, fall,

In (some) town

Welcome back friends Lithuania Tech Weekly #59 Subscribe at philomaths.tech Get your message out by sponsoring this newsletter.Trying to get better - just like you! Would you help us by answering these five questions? Click here work in progress Celebrate. Tesonet community received the Order of the Lithuanian

Carnegie 2.0

Happy Friday! Lithuania Tech Weekly #58 Subscribe at philomaths.tech Get your message out by sponsoring 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. Former CEO of Pfizer joins Ro5 as chair of

Founders, friends and foes

"All good, thanks" Lithuania Tech Weekly #57 Subscribe at philomaths.tech Get your message out by sponsoring this newsletter. Have a startup job to share? Hit replywork in progress VPN. Big news as Nord Security and Surfshark becomes one - internet security powerhouse. While reporters are trying to sort out

Hire

Welcome back friends Lithuania Tech Weekly #56 Subscribe at philomaths.tech Get your message out by sponsoring this newsletter. Have an exciting job to share? Hit reply and send our way. We looked at Lithuanian venture funding 2021 - noting that we will see more growth investors around, and

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 Advertise by sponsoring 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 graphs together to reflect on 2021 in Lithuania.

Never a smooth sea

Welcome to the very secret society Lithuania Tech Weekly #54 Subscribe at philomaths.tech Say "hello" to your fellows by sponsoringwork in progress Space. Our national treasure Nanoavionics doubled the revenue last year (should be around EUR 15m), 41 satellites produced or in progress, a team of 127, and inspiring

Out of the building

Hi friends! 2x vitamin D in January please Lithuania Tech Weekly #53 Subscribe at philomaths.tech Get your message out by sponsoringWe've put together 2022 predictions - see what to expect from Lithuanian entrepreneurs and investors this year. Spot on or... spot off? More exits - should be on that

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), second-hand trade is only a small fraction, and Vinted seems to have a working

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 Get your message out by sponsoringwork in progress Awards. GLL recognizes Rita Sakus - co-founder, board member, and true ambassador of LitBAN. Winner for "Lithuanian Ideas Go Global" - Interactio founding team.

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 growthPlugging in

Simple, not easy

Lithuania tech weekly #51 Merry Christmas! New Year = new dress for LT Tech Weekly Subscribe at philomaths.tech Book a sponsored postWhat a year to close - and let's do it next week, anyways. One should never count the numbers too early: startup founders, just like the best students, close