Repeat founders building

work in progress

• Tops. Daugirdas Jankus assumes the CEO role for Hostinger, while Arnas Stuopelis will do strategy as Chairman of the Board. Pod with Ilona Bernotaite, Chief People Officer at Kilo Health. Nord Security now has CTO of the year (Tomas Smalakys) and a ton of revenue - sorry misleading link, this one might be closer to the truth.
• Pets. As we might be hitting the peak of "pets as kids", Dobile from doohoo did an anti-pitch for LitBAN members – and received a ton of praise.
• Rinse, repeat. Here is a list of entrepreneurs, who co-founded and currently are building a startup, after co-founding a startup in the recent past. In most cases, it grew to some significant scale, and ideally - had an exit.
  
  We must have missed some names - could you please suggest what is missing here?

rounds and capital

• Ama Care raised EUR 500k pre-seed round, with FIRSTPICK taking the lead and angels from Google and FARFETCH joining. Ama Care helps scan and understand beauty products better.
• Mantas Mikuckas is backing HeavyFinance loans, putting EUR 1 m into work. HeavyFinance instrument incentivizes farmers to shift to regenerative farming practices.
• SOLIDU equity fundraising is live here. Proof of concept is there: they do ethical & waterless beauty products with innovative packages in 100% backyard compostable boxes. Have done 1.7M€ sales (-400K€ EBITDA) & 65% GM average since inception, present in 15 markets

• Roibox, a Riga-based provider of geospatial analytics for digital advertising, has been acquired by Italian business consulting and services firm Jakala.
• Atlassian announced that it would be buying Loom for $975M in cash (congrats to Paulius, who has been a Staff Software Engineer at Loom). Interesting dive into venture returns (estimates):
  
  Seed 1: 64x
  Seed 2: 25x
  Series A: 12.5x
  Series B: 4.5x
  Series B+: 2.3x
  Series C: 1.0x

founder's guide

• How to Create A Compelling Pitch Story - J12 has a Seed Pitch Deck template for you
• Fundraising: sTARTUp Pitching 2024 (apply before Dec 17)
• Coinbase founder Brian Armstrong

Action produces information. Just keep doing stuff

• Andrew Huberman's daily routine, including all electrolytes and Athletic Greens

further insights

• "Industrialization and agricultural expansion do initially come at the expense of forests. But as countries get richer, this trend reverses: citizens prioritize environmental conservation more, and higher productivity allows economies to grow without needing to clear more forests for land and resources."

• If the first solar entrepreneur hadn’t been kidnapped, would fossil fuels have dominated the 20th century the way they did?

Cove’s company, Sun Electric Generator Corporation, based in New York, was capitalised at US$5 million (around US$160 million in today’s money). By 1909, the idea had gained widespread media attention.

roleplay

Pick a startup - find a job

Inspired by the reader’s comment below, a practical framework for how to think, research and find the best jobs in the tech market. A draft -help improve this by sending your suggestions. The early options that matter have already matured and there are just not enough high-growth early stage startu…

Tech PhilomathsEditor

other messengers

three questions, previously

• Sten Tamkivi, Partner, Plural and Partner, Taavet+Sten
• Rytis Lauris, Co-founder and CEO, Omnisend
• Andreas Helbig, Partner, Atomico
• Domas Janickas, Co-founder at edON
• Milda Jasaite, Senior Director of Corporate Development, Vinted
• Darius Zakaitis, Founder & CEO, Tech Zity
• Roman Novacek, Partner, Presto Ventures
• Lina Zakarauskaite, Principal, Stride.VC
• 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