Jone Vaituleviciute is a partner at Startup Wise Guys, Europe's most experienced B2B startup accelerator and one of the most active early-stage investors in the Nordics.
During this episode, Jone will reveal details on the 3 month-long on-site mentors driven program held in either Tallinn (Estonia), Riga (Latvia) or Vilnius (Lithuania). Learn how they help teams position themselves to raise the next funding round within 6 months. Find out how founders support themselves during early-stage accelerators and discover your chance of survival as a new startup. Listen to the end for practical use cases of bitcoin and cryptocurrency including insight into the future of blockchain.
Links:
Where we are:
- Sam Marks, Johnny FD & Jone Vaituleviciute - Vilnius, Lithuania
Discussed:
Recommended:
- ArtofFX – Start with just a $10,000 account (reduced from $25,000)
- Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
- Betterment – Get up to 1 year managed free
- PeerStreet – Get a 1% yield bump on your first loan
- Wealthfront – get your first $15,000 managed free
Time Stamps:
- 00:34 - The joy and beauty of traveling Vilnius, Lithuania
- 04:05 - Practical use cases of bitcoin, cryptocurrency, and blockchain
- 13:25 - What is an accelerator?
- 15:56 - Attracting quality talent to the local area
- 18:43 - The entire process explained for startups
- 20:15 - What is a term sheet and how do you use it?
- 23:10 - How founders support themselves during early-stage accelerators
- 25:06 - What is your chance of survival as a new startup?
- 26:01 - “80% of our companies, out of a portfolio of 150, continue working on and growing.” - Jone Vaituleviciute
- 26:20 - What happens if your company fails?
- 26:38 - “We haven’t had a bankruptcy in a classical sense amongst our team.” - Jone Vaituleviciute
- 27:12 - Utilizing the portfolio management program
- 28:23 - Demo Day expectations and walkthrough
- 31:46 - Embracing an international family-style network
- 35:00 - Greetings and farewell in other languages
- 42:01 - Contemplating the future of blockchain
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