The StartUp to ScaleUp Game Plan

The StartUp to ScaleUp Game Plan

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The StartUp to ScaleUp Game Plan episodes

  • To become a unicorn, you’ll need multiple product-market fits!

    Arthur Nobel is a Principal at Knight Capital, having previously worked at Rocket Internet & co-founded Flexpat where he went through both the startup hype and the trough of disillusionment!

    Arthur wrote the best-selling book “Leaders of Growth” and hosts the Leaders of Growth Podcast.

    We explored why:

    • The concept of a single product-market fit needs to be re-configured as a continuous journey of multiple product-market fits
  • Arthur's goal - as a VC - is not to make money but to help others succeed & achieve their vision
  • Market-timing is crucial - pre-pandemic, Arthur launched a company to help businesses hire remote workers – but companies did not at that time want remote workforces so the business failed
  • The character of your ideal employee should change significantly at each stage of a company's evolution 
  • Entrepreneurs need to quantify their competitive advantage and optimise for this across their entire business
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    For more insights into Knight Capital head over to https://www.knight.capital/

    And for guidance on recruiting exceptional leaders for B2B SaaS scale-ups, check out https://alpinasearch.com/

     

     

     

     

     

     

     

     

    29 min
  • Gain.Pro: SaaS start-up with a clear path to profitability!

    Nicola Ebmeyer is the co-founder at Gain.Pro - a 3 year old European SaaS fintech looking to become the Bloomberg of the private finance market!

    Gain.Pro already has a stellar list of loyal clients like Bain, Mckinsey, 3i and BCG - their ARR has consistently grown at well over 100% YoY and they've delivered exceptional NRR & NPS 

    Nicola explained how Gain.Pro was established from the get-go with a clear understanding of unit economics & a clear path towards profitability.

    We also explored:

    • how a large consultancy like McKinsey provides an excellent career foundation for wannabe entrepreneurs
  • how to ensure you only build products your clients truly need
  • why customer feedback should be treated as a "gift" & never as a problem
  • focusing every employee - whether they be commercial or technical - on a common set of KPIs
  • For more Gain.Pro insights check out https://www.gain.pro/ & for guidance on recruiting leadership talent for European B2B SaaS scale-ups head over to https://alpinasearch.com/

     

     

    26 min
  • Can an AI startup help get 1 million people back to work?

    Dr Shay David is the CEO at retrain.ai – a startup developing the world’s leading AI talent intelligence platform to unlock talent insights and optimize the hiring, retention, & upskilling of their employees.

    Shay’s previous venture was Kaltura which he took from inception to $100m+ in revenue – Kaltura ipo’d in 2021.

    Shay discussed:

    • why he wanted to build a software venture to address a global societal problem
  • how retrain.ai will solve the generational skills gap & help get 1 million people back to work
  • key tenets of building a successful software startup: customer centricity, data centricity & focusing on the fundamentals 
  • why the US is becoming less of a priority for international software ventures 
  • For more insights into retrain.ai head over to https://www.retrain.ai/ and for advice on hiring exceptional leadership talent for SaaS scale-ups check out https://alpinasearch.com/

     

    28 min
  • Teenage entrepreneur shaking up the world of AI & ecommerce!

    Oliver Edholm is a teenage entrepreneur shaking up the world of AI & ecommerce!

    Oliver launched the ecommerce SaaS startup "Depict"  - funded by Northzone & EQT - after a spell at Klarna

    Depict uses AI to deliver Amazon-quality product recommendations for any e-commerce store enabling small & medium-sized retailers to compete on a level playing field with their largest competitors.

    Oliver explains how he:

    • dropped out of school after having his worldview transformed by Nick Bostrom's book “Super Intelligence” 
  • became the youngest AI researcher in the world at age 15!
  • 1st met his co-founder Anton, & seeded the idea for Depict, at “Effective Altruism” 
  • began his entrepreneurial journey, despite a lack of retail relationships or startup experience, at the start of the covid pandemic & joined Y Combinator 
  • He outlined some key Y Combinator learnings including aim for 100% clarity - even if you're only 80% accurate - in all your communications

    And he explained how meditation can "change the operating system of your mind" - could meditation be a tool that would help other entrepreneurs handle their scale-up challenges more effectively?

    For more insights into Depict check out https://depict.ai/

    And for advice on hiring exceptional leadership talent to scale your B2B SaaS venture, head over to https://alpinasearch.com/

     

     

    26 min
  • Founder’s privilege: surround yourself with wonderful human beings!

    Neta Meidav is the CEO of Vault Platform. In 2017, inspired by the #MeToo movement and her own experiences with harassment, Neta left her job as a climate adviser to found Vault.

    Vault is a Series A scale-up pioneering TrustTech - a new category of ethics-enabling workplace technology helping companies address compliance, risk, and HR challenges.

    Neta explained how Vault helps with a range of work issues - including ethics, bullying, racism & sexual harassment. By giving people a voice, "you help them to speak up...you automatically create a more diverse environment".

    We discussed the challenges of being a female tech entrepreneur in a male-dominated sector - studies have shown that female founders face different funding criteria & are actually asked different questions by VCs!

    We explored the founder's privilege of surrounding themselves with great minds & wonderful human beings - and experiencing how "the magic happens" when exceptional people get together.

    Neta also explained why she believes hybrid working is an inferior model - hence Vault, due to the pandemic, has switched from WFO to WFH  - and we discussed how companies can ensure the magic still happens when teams are working remotely.

     

    For more insights into Vault check out https://vaultplatform.com/

     

    And for advice on hiring global leadership talent for B2B SaaS startups & scale-ups, head over to https://alpinasearch.com/

    29 min
  • Who gives a damn about TAM?!

    Jan Andriessen & Mick Mackaay are Partners at HenQ - a Dutch-based VC investing in European B2B software startups addressing "unexplored problems" & "defining their own markets".


    They've an exceptional track record backing unproven leadership teams who've subsequently scaled massively e.g. SendCloud - who now have 400 employees, 23,000 ecommerce clients & in September 2021 raised a follow-on round of $177m! 

     

    We explored HenQ's refreshing approach to VC investing. For example, HenQ:

    • are dismissive of the metrics that VCs & startups typically obsess over - who gives a damn about TAM?!
  • are a fully remote VC firm - deal-sourcing is almost entirely outbound and digital 
  • use advanced algorithms to identify very early stage businesses to invest in
  • typically invest in younger founders who lack a proven track record yet demonstrate the personal traits - e.g. obsessiveness & attention to detail - HenQ believe determine startup success 
  • are dismissive of the excessive emphasis VCs traditionally place on charm & charisma 
  • aim to ensure every one of their portfolio companies will be successful - this contrasts sharply with the traditional VC model that assumes 1 in 10 portfolio companies will generate huge returns hence the fate of the other 9 matters less

  • For more insights into HenQ and their stable of successful B2B Saas scale-ups check out https://henq.vc/ & for guidance on hiring exceptional leaders for B2B Saas ventures head over to https://alpinasearch.com/

    36 min
  • Migration – a powerful driver of sustainable growth?

    Judith Dada is a General Partner at La Famiglia -  a European VC investing in early stage digital disruptors like buynomics and y42.

    We explored a wide-range of topics including:

    • “Learning the craft of VC” is more important than a business school education
  • Migration should be viewed as a powerful driver of growth - hence society's perceptions need to change
  • Migration and remote working can help startups overcome some of their talent scarcity & diversity challenges
  • Augmentation may have more long-term impact on productivity than automation technologies
  • Ethical & philosophical considerations are important for the future of AI - the research of experts like Oxford University’s Luciano Floridi provides thought-provoking insights
  • For more information on La Famiglia check out  https://lafamiglia.vc/ & for advice on hiring leadership talent at software ventures head over to https://alpinasearch.com/

     

     

     

    29 min
  • Can AI overcome human bias in VC decisions?

    Eva-Valerie Gfrerer is the founding CEO at MorphAIs - the pioneer in AI-driven VC investment.

     

    MorphAIs uses a data and technology driven approach to reduce human error & bias & make investments more accurate, transparent and inclusive.


    Eva discussed many data-driven VC topics including:
    ❇️ entrepreneurial talent is equally distributed – it’s the access to capital that isn’t
    ❇️ AI-led decisions can drive more inclusive VC investments and enhanced returns
    ❇️ data-driven behavioural science may help investors evaluate even subtle criteria like passion & perseverance

     

    For more insights into Morphais head over to https://morphais.com/

     

    And for guidance on recruiting world class leaders for B2B startups & scaleups, check out https://alpinasearch.com/

     

    22 min
  • Creating a culture where people will have the best 5 years of their working lives!

    Niels Brochner is a co-founder at Contractbook who provide document & contract automation to 150,000 users across more than 100 countries.


    Contractbook, based out of Copenhagen and now also NYC, have raised $43m – mostly from US VCs Tiger Global, Gradient & Bessemer Venture Partners

     

    Niels discussed:

    • How to create a culture where people actually want to come to work – where they’ll have the best 5 years of their working life!
  • Why US VCs are more supportive & impactful than European VCs
  • How to identify talent with “StartUp IQ” even if they are not proven rockstars!
  • The lessons business leaders can learn from exceptional sports champions like the NBA’s Steve Kerr
  • For more insights into Contractbook check out https://contractbook.com/ & head over to https://alpinasearch.com/ for advice on recruiting exceptional start-up & scale-up leaders

    27 min
  • Camels versus unicorns - which type of scale-up are you?!

    Henry Alty, Investment Director at Gresham House Ventures, invests in process & workflow automation software, digital transformation, & scale-ups looking to improve the use of data & analytics

    We explored:

    • the opportunity to build profitable, sustainable, scale-ups - "camels" - that many investors overlook in their search for unicorns
  • how to scale from 3m-5m ARR to 10m-20m+ ARR - founders must be prepared to invest in expensive leadership talent, & to relinquish control of key functions, to build a genuine scale-up
  • how Gresham's combined PE & VC expertise delivers value to growth companies seeking investors in an increasingly crowded market
  • why founders should take extensive references & really dig into the approach & track record of prospective investors - just as they should do when hiring senior talent

  • why companies who embrace ESG criteria are well-positioned for the challenges of the next decade

    For more insights into Gresham House Ventures check out https://greshamhouseventures.com/

    And for guidance on recruiting leadership talent for growth ventures, head over to https://alpinasearch.com/

     

    30 min

About The StartUp to ScaleUp Game Plan

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Insights from successful entrepreneurs & VCs: how to globally scale innovative technology ventures