Dec 5 Pauliina Alanen
The difference between VCs and entrepreneurs is that VCs have the portfolio, but entrepreneurs create all the value and take all the risk. Bangash brought up an interesting thought: look at Elon Musk, a serial entrepreneur building multiple companies at once. Today, an entrepreneur could have a portfolio (many companies, many products) because the price of starting a company has come down. As the cost of features have come down, the cost of products has come down.
These days LPs can also go directly to the entrepreneur as a very early investing model. In the Valley the phenomena is called Venture studio. These studios take a larger role in founding the company than a typical VC, which invests in an already existing startup. Venture studios are like co-founders that provide necessary services and expertise to guide to startup into a successful business.
Just like Amazon, LPs need to run experiments, obviously hoping that some of these experiments would lead to exponential returns. Experiments can include things like leveraging new technology. According to Bangash, funds are partnering with API companies that provide the tech stack to startups, ranging from Twilio, Stripe, Google to AWS and more. These APIs are the delivery mechanism for the training data, that the startups need to build their own machine learning.
What do funds like Y Combinator (YC) and Entrepreneur First have in common? The network effects they offer. Bangash shared a story of an entrepreneur who – after having raised money from one of the top three VCs in the world – still wanted to go to YC. Why? Because YC has two thousand companies and those would be her first customers.
As VCs are raising more and more money and making bigger investments at all stages (seed, series A, B, C etc.) , one thing will remain the same: it’s always a great time to be entrepreneur. In good times, you can raise a lot of money, in bad times, there’s a lot of talent available. At least if you ask these guys.
Eight young researchers pitched new research ideas at Slush at the research pitching finals. The main prize, a 100 000 euro research grant, went to Sandra Jernström from Karolinska Institute, who’s winning idea strives to find a new kind of treatment to cancer. Sandra Jernström aims to find a new kind of treatment to cancer […]
Apart from having a booth where startups may exhibit their products and/or services, Slush Tokyo 2019 will be opening 30 stage slots for demo booth holders for a chance to pitch to customers. Showtech Time will allow chosen startups to pitch to customers for 3 minutes and receive valuable feedback from a Customer Panel thereafter. […]
The computing industry has a problem. Christina Sass, the Co-founder & President of Andela, joined Slush to discuss the issues behind tech-talent recruitment. Andela is a software engineer and developer recruitment organization, mostly recruiting from Africa. Christina took the Founder Stage to share her insights on the importance of training and how can a tech company […]
First there was 100. Then there was 15. Then three continued. And today those three finally became one. Meeshkan was announced the winner of Slush 100 on the Founder Stage this evening. Meeshkan is developing a framework for interactive machine learning. The main purpose is to help teams train machine learning models faster. All of […]
Brian Halligan, the Founder & CEO of Hubspot opened up the Founder stage on Day 2, at Slush18 by saying – “Dictionary.com named the word of the year – Misinformation.” Brian explained, that there is a huge trust issue between buyers and sellers, which companies need to react to. This is where, Brian states, customer […]
Slush Global Impact Accelerator (GIA) is a program created in collaboration with the Ministry for Foreign Affairs of Finland and other global partners to support startups in emerging markets offering sustainable and social impact solutions. 19 startups flew to Helsinki on Dec 27 for the Slush GIA bootcamp with inspiring training sessions, workshops and company […]
Today on Founder Stage we got the privilege to listen to four successful VCs discuss the current trends and innovations in the funding landscape. Hosted by the Managing Director at Sapphire Ventures Beezer Clarkson, the insights were shared by Alice Bentinck, Co-founder and General Partner at Entrepreneur First; Rebecca Lynn, Founder and Partner at Canvas […]
Growth and profitability don’t necessarily rule each other out. Inevitably, at one point or another, founders are forced to prioritize between the two. Having made this difficult decision himself, Oisin Hanrahan took the Pink stage at Slush to tell us how Handy, the platform for booking household services, shifted focus from growth to profitability and how […]
The world of tomorrow is written with code. New solutions are desperately needed to produce skilled coders – from all walks of life. Ilkka Paananen, alongside an impressive lineup of big names of Finnish tech, introduced Hive, School for Coders which will open for applications on January 15th. Supercell CEO Ilkka Paananen started the conversation […]
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