6 min read

Second home

Second home
Photo from Lithuania.Travel
Lithuania Tech Weekly #184
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Job board - early-stage Baltic startups - here

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work in progress

  • Landed. The first femtech unicorn – Flo Health – secured $200m round to break through $1B valuation. No big surprise, Flo has 60m monthly active users, $112m of annual revenue in 2023 and $192m ARR (source). Scale-up has moved their Belarus operations to Vilnius several years ago, and has been growing since.

Flo brings us to a list of unicorns/post-IPO tech companies/ impressive scale-ups who have teams in Lithuania. The hired/trained have top calibre senior talent, which makes the ecosystem much deeper than seen from the outside.

Revolut 🦄 - team of 250+
Wargaming 🦄 - team of 880+
Flo Health Inc. 🦄 - team of 235
Unity (post-IPO) 🦄 - team of 135
Mambu 🦄 - team of 109
Chronosphere 🦄- team of 19
- Full list


Sentante after the clinical trial
Find this in full for our Contribee supporters
Brolis Defence photo

how we track and discover some startups

rounds and capital


sponsors

Cloudvisor [AWS partner dedicated to startups]
PayPal [Global integrated payments solution]
Vinted [largest C2C European marketplace, always hiring]
Tech Zity [tech hubs and campuses across Lithuania]
Presto Ventures [investing in startups at the forefront of security, defense, aerospace] - check their newsletter and startups raising
15MIN Group [all the news you need to know] and also now owns M-1 radio
Wargaming [award-winning game developer, careers]


founder's guide

0-1 sales talent does not exist. Founders, this is you.
Tracking 3,067 US startups incorporated in 2018 – what did they achieve by the end of 2023? About half are no longer in business, 5% got acquired, 0.2% IPO - and the rest scattered across the VC fundraising stages.

Tech Philomaths'community


further insights

  • I like this term – "accountability sinks". That's why B2B (enterprise) like massive brands, incentive is to play sit safe.

Events

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roleplay

Early-stage startup jobs, Baltics
Join the leadership team before Series A
(Submit your opening for free)

Vinted - Product Designer, VGo OpsTech
Orbio World - Head of Growth
BitDegree - Senior Product Designer
Eskimi - Engineering Manager
Eneba - SEO, PR, Growth roles
Finbee - Head of Sales
Billo - Head of Acquisition
Teamhood - Head of Marketing
Go Vilnius - COO

One thought reading this Jurgita's post about job search – try to avoid using "open to work" badge. It's rather clear by now it does more harm than benefit for the candidate. (While many people think hiring is based on merit, it's very often not, it is a lot about signalling – some external validation that a person is smart/capable) For companies wanting to hire "best" (= running a competitive process), a green badge sends a wrong signal, because generally, the best candidates are never available – companies need to convince them to change jobs. Open to work made sense when there were massive layoffs in covid and businesses wanted to help those suddenly fired without any reason. Now the job market is back to usual, so you'd be better off just "taking a break" and explore opportunities privately.


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Sponsors and Contribees - add many of your friends here
Subscribers - welcome to add one (1) reader in 2024, here
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