Tuomas Kosonen is a partner at Inventure, one of the leading VCs in the Baltic Sea region. Inventure has invested in such familiar Baltic companies as Nordigen, Scoro, and Whatagraph as well as Finnish juggernaut and one of the most used apps in the Baltics - WoltIn this episode, we talk about the Baltic Sea region as one of the leading global tech hubs and the future outlook of the Baltics and the rest of the region. We also discuss the VC investment decision-making process as well as the key challenges in scaling companies. Finally, we cover some of Inventures biggest hits and misses along with the hottest industries in tech today The topics covered in this episode with Timestamps[01:50] - Introduction and the origins of Inventure[04:20] - The Baltic sea region startup scene history and outlookThe historical relationship between Finland and EstoniaFirst investment in the Baltics - FroontNordic/Baltic bay - global startup hubOutlook for the NordicsThe reasons behind the success of the regionBaltics as core home market for InventureChallenges in attracting talent to Finland and the regionCharacteristics of Baltic foundersNorwegian startup ecosystem[21:25] - Investment decision making process and investing in the BalticsThe importance of legislation for investment decisions - minorThings that VCs are looking for in startupsGetting in on Baltic deals in timeInvestments missed out on [30:15] - The biggest challenges in scaling companiesProduct-market fitHaving the right peopleBuilding a compelling storyAbility to go abroadThe ability of the founders to grow with the companyThe role of VC in the management team changes[39:35] - European VC trends and the most exciting industriesThe story of investing in WoltLast-mile delivery industry - clearing up of an accumulated backlog of opportunitiesWhy is Amazon not in last-mile groceries?Insurance industry - is the hype real?Hyping product teams vs industriesOther hot industries - health tech, agtech, products improving quality of lifeFuture of Inventure in the BalticsFind out more on https://www.pursuitofscrappiness.co/ Support for this episode comes from Nexpay > https://paynexpay.com/===See the video content exclusively on Linkedin > https://www.linkedin.com/company/pursuit-of-scrappiness/ Questions/suggestions? Join our Telegram group > https://t.me/pursuitofscrappiness The full interview with Tuomas is available NOW on Apple Podcasts, Spotify, and Google Podcasts Find out more on https://www.pursuitofscrappiness.co/ Support the show

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