European startups are able to raise just a fraction of the capital at home compared to their U.S. counterparts. And they receive a lot more value from their investors. Why would I ever fundraise anywhere outside of Silicon Valley?
Every time an entrepreneur pitches such plan for his startup to me (and it happens quite frequently in Central Europe), I try hard to hide my disappointment. I am writing this post from Israel, where I am meeting with local entrepreneurs to hear their pitches and get a better feel for the local startup scene. After listening to several entrepreneurs this week, the lack of ambition of our region became even more striking. How come that there are so many entrepreneurs in Israel who treat their home market as a playground to test their product before its real launch in the United States, while our entrepreneurs have a hard time dreaming beyond Prague?
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.