Business
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: Startupwiseguys.com Linkedin Check out the new Invest Like a Boss Summit in Vegas! Where we are: Sam Marks, Johnny FD & Jone Vaituleviciute - Vilnius, Lithuania Discussed: ILAB 75 – Impact Investing – Running the Vatican’s Accelerator with Steve Forte 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 If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2019. All rights reserved. Read our disclaimer here.