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The photo is of GrabCad’s Hardi Meybaum and Indrek Naruskwith together with Toomas Hendrik Ilves, the President of Estonia. Now this is how you support tech entrepreneurship in your country. (At the same time the country has recently stripped Estonia-born billionaire, who also acquired Russian passport, of the Estonian citizenship. Should have pressed him into making a few angel investments instead).
Ok, I have to do it quick, because if any of my readers are like British entrepreneurs criticized by Kernel, you must be already closed for business until Monday. If not, please read on.
First, the news which did not make it into the individual posts this week.
The man to watch in Romania is George Lemnaru, the co-founder and former CTO of a successful MMOG strategy game eRepublik (3 million registered players), who has just quit his position in the company, according to Romanian publication Wall-Street. Apparently he is looking to start a new social games company.
In the gaming space Belarusian founder of Viaden Media Yuri Gursky (Online casino, Cyclist Pro app) received an award of entrepreneur of the year. And with World of Tank (also from Belarus) and Serbian Nordeus (the winner of popular vote award at London Web Summit), this makes me think that gaming companies in our regions will be driving tech innovation in the coming years. They are the ones that simply have cash, experience in promoting online businesses internationally and teams to work on new projects.
Closer to the end of the week I was overwhelmed with a task of rating over 170 Ukrainian startups (some Russian ones sneaked in there) so I have written less in the last couple of days. This was an interesting experience based on my knowledge of the new economy and what’s hot in Eastern Europe and the world, particular startups I already knew about, and inevitably, Alexa ranking.
I have highly rated Jelastic, a Ukrainian startup with an interesting story (details later) backed by Runa Capital, and this week the company launched its Java hosting platform in Russia.
MassChallenge, with the support of Russian Venture Company, which has recently opened its subsidiary in Boston, has attracted applications from 35 countries, according to Boston Innovation.
Bloomberg Business Week, naming Czech Avast and Russian Yandex, made a big deal about European tech companies loving to list on the US stock exchanges. Well, from my distant past I remember, that even German Neuer Markt failed because shareholders just didn’t react rationally to the listed companies’s news. In the US they still do, perhaps too enthusiastically sometimes.
Our twitter follower Alan Mendelevich reminds us (thanks!), that we missed out on major news from GetJar, theworld’s leading free apps store. According to GigaOm, Ilja Laurs will focus on evangelizing and idea of alternative and open app store. I hope he is not going to promote the notion that more app stores are needed, because according to Stefan Bielau there are already so many of them (try 60+!), and publishing mobile apps remains a manual task.
Just in: Latvian Campalyst, the tool which helps companies measure their social media performance in actual revenue, has just announced that they are integrating Klout. This should be interesting: does higher Klout mean more profit? We shall follow the subject.
Another website was launched by Fast Lane Ventures. Their team is so prolific, I am thinking about giving them an account on GoalEurope so that they can post news about their investments daily. Not being able to process the press release due to other commitments I invite you to read about a clone of KaufDa called Locata.ru on EWDN. There was also a spiteful post on VentureBeat about nasty copycat that Fast Lane is, but I will save you the click. The post was so poorly written, and called for, get this “copyright protection of US startups” that some readers threatened to remove VentureBeat from their RSS feed.
Estonian (hardly a startup) Zero Turnaround got a new President and COO Alex Laats, who quite a position of general partner of Commonwealth Capital Ventures for this role, and will be based in Boston , according to Boston Business Journal.
The co-founder of DST Global Grigory Finger has joined an advisory board of new Russian venture capital firm Frontier Ventures.
Tnooz reports Hungarian travel startup Joobili joining a death pool despite an investment from Esther Dyson and Seedcamp finalist badge. The idea was an alternative search of travel destinations, based on events.
Polish tech entrepreneurs received an advice on fundraising in Warsaw Business Journal.
A review of Russian ecommerce industry was published in Moscow Times.
Lattitude59 networking event will take place in Tallinn in June 7-8th 2012, when I will be at HackFwd event Pitch in Berlin.
Remember Fits.me? Well, Russian (Siberian actually) Apta.me uses something much less sophisticated to help people by clothes online: a measuring tape. They say that it is productive enough for an online store to measure clothes they sell by hand, and then offer users to create their measurements profiles and compare it against the item. They have a pilot online client and a live demo which was launched this week.
Hungarian startup scene got coverage on StartupEUEvents which interviewed Peter Zaboji, the founder of Hungarian accelerator programme Europreneurs.
An acquisition we missed, but Szymon Szymczyk and Zuzana Fedorkova picked up on is the purchase of Polish Pizzaportal.pl by German Group Delivery Hero for 28.7 million Euros.
And finally, in case you missed, here are links to some of our earlier posts this week . Daily deals industry in Russia continue to consolidate. Some interesting statups were backed by Yuri Milner and Pavel Durov of Start Fellows. Ukrainian accelerator EastLabs told us about their first batch of startups. Estonian social network and bragging place for freelancers Achoo launched this week, and finally, we like InFakt.pl (a lot). Of course, there are FreshBooks and Maventa but they do not seem to go far from online invoicing … yet.
With that, have a productive weekend and we are back to blogging on Monday.
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