Wednesday, March 4, 2015

Despite riding an entrepreneurial rollercoaster, Polish start-ups see a bright future

Paul Chen

After the successful launches of start-ups like Estimote, Base CRM and UXPin, the Polish start-up community is starting to witness how it feels to be in the rat race that is the global start-up market. One local VC feels that the Polish start-up community has what it takes to take our start-up game to the next level

Marc Andreessen, co-founder of Netscape, once wrote: “First and foremost, a start-up puts you on an emotional rollercoaster unlike anything you have ever experienced.”
Poland, as a start-up community, has gone through the first stage of the rollercoaster, also known as startup transition cycle, where they have launched start-ups with great products and have raised quite a bit of money. Polish entrepreneurs learned a lot about how the global market functions. They know they have to scale their ventures fast. They also realize how tough it tends to be and how many fail to live up to the expectations – they entered another stage often referred to as “informed pessimism”. From now on they can either go all the way or crash and burn. How to tell whether a start-up is heading the right path? We talked this through with our today's guest...

We had a chance to talk to Bartek Gola, a VC and a founding partner of Speedup Group in Poznan, about all of those challenges and opportunities Polish start-ups are currently facing.
Bartek Gola is the Managing Partner of SpeedUp Group, an entrepreneur and innovator. He has co-created over a dozen technological start-ups. Speedup Group is a group of venture capital funds established in 2009. It was created by four partners who cooperated with one another for many years.

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