Products in need

work in progress

• Scrappy. There is no bad weather for a good dancer! As consumers turn to money-saving products, Baltic founders know exactly what it means. Vinted ranked #4 by breakout downloads in the UK (growing well, now in Kaunas, too). Ratepunk is getting world-famous by helping travellers save. Ovoko is growing a marketplace for used car parts. Pursuit of Scrappiness happens to be the main tech podcast in the Baltics, too.
• Health. Lack of product is not an obstacle to manifest success - Innosensus gets outdoor advertising in the first place, then wins Health Tech Accelerator (pitches here).

Aiming for impact?
Meet the sharpest minds, creating an impact across countries and societies.

GovTech Leaders 2023 will bring together leaders from the government and technology from around the globe to R E I M A G I N E the future of an innovative public sector.

Secure your place – register (free) at www.govtechleaders.lt. Mark the calendar - 9^th  May, 2023, at Kablys+Kultūra event space, Vilnius.

• Edtech is expected to shift massively with AI. Here's Turing College event to attend. Sarunas built MVP of Examify, to help students prepare for exams (consider that Egzaminatorius turned EUR 1.7m rev just recently). Atlas Academy is working on AI-powered tutor for all subjects, starting with a cutting-edge AI University Admissions consultant.
• Techchill is over, with Codigy and Zenoo making it to the finals. Congrats Latvian Adventum Tech, the winners of the battle!
• Products. Algori had a Launch Event and introduced data insights for FMCG in Spain. Curtains Calculator has grown to become InterioApp. Salesforge personalizes cold outreach at scale - yes, we will be talking to robots more.
• Content. Video interview with Justinas Pasys, LitBAN (in LT) on all things angel ecosystem.

rounds and capital

• Outpost announced they are behind the defencetech in Lithuania, launching ScaleWolf - an early-stage fund and two-year accelerator. They are actively looking at all dual-use tech, and timely reminder for founders from Lux: if you are building dual-use, focus and succeed at commercial first.

roleplay

founder's guide

• Dreaming about exit, or at least licence the technology? When Apple Comes Calling, ‘It’s the Kiss of Death’
• Things you think as a first-time founder that just ain’t so (thread):

• Four years ago Andreas kickstarted Remote First Capital. Then covid happened. Some interesting learnings

• How we evaluate D2C companies
• What I Wish I Knew About Onboarding Effectively

further insights

• Raising venture fund, portfolio construction - great talk on 20VC with Tomasz Tunguz, who left Redpoint to launch Theory (thesis-driven). Marc Penkala - building conviction in uncertain times.
• It's easier than ever for writers to earn good money, but don't get it twisted: You still must dare to be a loser.
• Who goes into Finance? "The baseline skill in finance isn't cleverness, but conscientiousness"

ecosystem

• Palantir Technologies plans to establish a regional hub of big data competencies in Vilnius
• Exploring Productive Bubbles - explains a lot about what is happening in climate or AI these days.

Throughout economic history, humans have reliably, repeatedly pursued the same folly: discovering an asset or innovation, over-capitalizing it, and finally, driving it to detonate. It is a cycle of extraordinary waste and massive damage, and yet, as Janeway shows, we are often better for it. As we survey the wreckage of our latest speculations – and sprint toward new ones – there’s good reason to believe it may prove productive.

three questions, previously

• 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