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?
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?
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.
VCs are arrogant. VCs are cowards. They speak about how they love to help entrepreneurs build successful companies, yet, when I ask them to give me feedback on my business plan or idea, they usually don’t even bother writing me back. And if they do, they complain about lack of global potential or misunderstand my product completely. Do they really expect that the next Facebook will come knocking at their ivory towers with a polished product, proven business model and the only thing missing on the way to an IPO being their Series A investment?
Anja Hula begun her career at Infobip as an intern. Year over year she showed great progress as an engineer and a leader. Today she is responsible for the collegues and products of whole Data Department. We believe that Anja's story will inspire all who are already building a career in IT or just starting out...
Hajdi Ćenan, member of the executive board and the president of the newly founded CRO STARTUP association, talks about how they will help startups to start, develop, fundraise, get first customers, educate themselves, and network.