Donatas is one of the most well-known investors in the Baltic startup scene. Having hustled in different businesses and investments, he started VC investing 10 years ago and has been part of such success stories as TransferGo, Trafi, Ziticity, Sonarworks, and recent headline maker InteractioIn a super high-energy conversation, we go back in time to compare what the startup scene was like 10 years ago and how far we have come. Donatas also shares many interesting stories from investing and not investing into different companies and principles in VC-founder relationships. By listening to this episode you will learn:A brief recent history of the Baltic startup scene and key milestones along the roadThat often hugely successful companies don’t look like it in early stagesThe societal and psychological benefits of having unicorn level success storiesHow in some verticals, the Baltics are setting global trends instead of followingThe role of local investors with the increasing presence of international investorsKey things investors like Donatas look for in foundersSome mistakes to avoid in VC-founder relationshipsThat it is critical to be open and honest about your company going out of businessThe role of VC in further investment roundsHow Vinted started and missing the opportunity to invest by 4 weeksThe amazing tenacity, grit, and timing of the Interactio team whom they rejected 2x before making the investmentFind out more on https://www.pursuitofscrappiness.co/ Support for this episode comes from Nexpay > https://paynexpay.com/Support the show

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