Austrian Investors Day ’18 attended also by Slovenian angels
Perfectly organized event in Vienna, hosted by the Austrian angel investors association, joined investors from Austria and other Eastern European countries. Such events support investors' efforts for increasing the number and size of cross-border joint investments and contribute to building trust.
Approximately 40 investors attended the event to listen and contribute to three panels. The most represented technologies were artificial intelligence, deeptech, insurtech, fintech and blockchain. Discussion on the second panel focused on corpo-incubators and accelerators, which are increasingly being established by larger firms to support corporate venture capital schemes. The trend of building such incubators emerged in Slovenia as well.
All investors want to know the answer to the question “Which startup is going to be the next unicorn?”, a company that will manage to grow its value beyond one mio EUR. In Europe in general there are not many unicorns compared to for example the USA, however the situation is improving. The decisive factor for a startup to become a unicorn according to the speakers on the third panel of the event, is the team. This is because startups usually start working on a project but later find out they need to pivot. And thus, the most important thing is that the team survives the pivot – the significant modification of their project, where they also retain core members with expert domain knowledge.
The event was attended by David Belovič from investment commission at the Business angels of Slovenia and Roman Kužnar, angel from the RC IKT.
More about the speakers and the agenda is available here.