The Greek Phaistos Fund raises €3M from Deutsche Telekom to enable the growth of the local 5G ecosystem
Phaistos Investment Fund, the Greek €93M+ fund that is focused on enabling the development of […]
Being an investor in 2021 has come with a lot of advantages and disadvantages. One is the excitement of new ventures, the other is the ever-changing market. In the young Romanian ecosystem, VC funding has been rising, with over €135M funds attracted by local startups in almost 100 rounds this year.
To be able to move forward, it’s good to look at the past and see the importance of people, communities, and building harmonious relationships. So we rounded up five Angel Investors from the SEE region to share their key lessons of the year.
“Corona was a blessing in disguise, even for businesses that took a hit during that period. The strongest ones adjusted, survived, and then thrived. Thankfully, most of our portfolio companies were in that category where the teams showed grit and emerged much stronger. The lesson is that difficult times reveal strong teams and help build great companies,” Apostolos Apostolakis, co-founder of VentureFriends.
“All our companies survived, but the ones that did best, the ones that took lessons from the crisis and went on being stronger, were the ones with the best people, best teams, with strong, clever, and empathetic leaders, binding, gluing everyone together and leading with resilience through the bumpy road. So, people make a difference,” Stanimir Vassilev, investor and member of the Board of Directors at Easy Payment Services Ltd.
“It’s possible to think up amazing plans and make them real in harmony with the ecosystem you’re part of. We’ve grown exponentially, as an angel group, more or less doubling the amount invested by our members every six months. We’re delighted to have met incredible startup founders as well as fellow investors, whose achievements and plans fully deserve all the support we can offer,” Ciprian Man, co-founder of Growceanu Angel Investment.
“Not sure if I have a lesson learned this year; it was about being reminded about the continuing themes from 2020: a surprising number of interesting startups are being created each year; it is possible to invest without meeting a team in person, but it is not as desirable as deals take much longer to close than anyone wants; founders and investors valuations are often too high without plausible reasons; probably due to too much money in the market and too little pushback from investors,” Emmett King, co-founder of Transylvania Angels Network (T.A.N.).
“There are a few lessons that I’ve learned or validated this year:
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