Identifying milestones for your company’s development is beneficial for an early stage startup for many reasons: the first is that planning milestones allow you to focus what you will be working on, secondly the process of identifying and planning them make you question when and in what order you and your team should try and execute something, and lastly, from a fundraising perspective (something I cover in more detail in my blog post on milestones) milestones are useful to tie together what you need to accomplish with how much money it will take to get there, and fundraise accordingly.
This year's Outreach Europe programme by EIT ICT Labs and Techeaks will kick off in Split, Croatia, on March 18th, with an event focused on startups and students. The aim of Outreach is to introduce young people with different possibilities for education, startup funding and acceleration.
I think I’ve read enough about the theory of fundraising and venture investing. But how do the venture capitalists really work? How do they decide which investment to make, and what is the logic behind their thinking?
Brand Embassy, a "next level" customer care tool, has closed a $1 million round of seed investment with two funds and is opening six new offices globally. The move comes as customer service moves towards social media and away from traditional channels such as toll-free phone numbers.
Croatian-Slovene startup Bellabeat, ex Babywatch, launches today a social platform for pregnant women, Bellabeat Global. Bellabeat is a pregnancy tracking system that rethinks the pregnancy experience. The team believes that by giving women a way to autonomously track and share their pregnancy experience this engaging, comforting and enjoyable at-home experience will become a part of the contemporary prenatal care.
Here are the good news: you don’t have to go to the Silicon Valley to get funded. Not even London or Berlin. There is plenty of capital to be found in the CEE. You just have to know where to look. And the bad news: if you know where to look, and still can’t get funding that means your current idea/startup is just not good enough. And if you can’t raise funds in the CEE, the odds are very high you won’t in Berlin or London either. It is better to fail fast and move on to something new.
Global accelerator Wayra held a demo day yesterday in the youngest of its fourteen academies, based in Prague. Eight startups about to graduate from the eight month program this February had the chance to present themselves, their work and their quite impressive products and achievements to invenstors and media.
This is an introductory post to a mini series that analyzes the startup investment cycle: while this first post discusses what the cycle looks like in mature markets such as the Silicon Valley, the next post will analyze specifics of the cycle in the CEE region. Subsequent pieces will dig deeper into each phase and its CEE players, starting with Credo Ventures and the seed/venture investments.
This week we had opportunity to cover the announcement of airtAI, a Croatian fintech startup whose solution is based on artificial intelligence and is directed towards smaller banks that want to better assess the needs of their clients. Exclusively for Netrokracija airt’s CEO Hajdi Ćenan reveals the details.
Applications that control the operation of oil platforms and plants for the processing of derivatives are directly responsible for a safer and cleaner world, and one of the best is created largely in Croatia.