Startup News – February and March

Before we start Christian is talking about the taxi medallions in New York, once considered a fancy and lucrative investment. Now they are in a steady decent due to Uber, Lyft, and their competitors. This can also be taken as a sign of disruption of a traditional (taxi) market:

2011

Why taxi medallions cost $1 million – Reuters http://ow.ly/Aw7Z30aoYm4

2013

Taxi Medallions: Golden Investment on the Streets of New York – WSJ http://ow.ly/ysx230aoTX3

2016

NYC yellow cab medallion prices falling further – Business Insider Deutschland http://ow.ly/y7uy30aoTXc

 

Christians food for thought: Self-Driving Trucks Are Going to Hit Us Like a Human-Driven Truck http://ow.ly/3saJ30ap2pk

 

February

March

 Uber

Two Executives to Leave Uber, Adding to Departures – The New York Times http://ow.ly/fyOX30a5qoz

Morning Agenda: The Exodus From Uber Continues – The New York Times http://ow.ly/EOXf30a5qvG

In Video, Uber CEO Argues With Driver Over Falling Fares – Bloomberg http://ow.ly/HaZ230ap1dR

Growth vs. Profits: Uber’s Cash Burn Dilemma  http://buff.ly/2kbB8oL

 

SoundCloud

SoundCloud needs more money, or it may sell at a fire-sale price wrote Recode here http://ow.ly/kWg2309SWuj

Our story, we left SoundCloud pretty early on! http://www.gruenderszene.de/allgemein/soundcloud-bewertung-geruechte

[Background:]

Spotify, which would like to go public next year, says it has more than 50 million paid subscribers worldwide. Apple Music says it has more than 20 million paid subs.

SoundCloud’s stall has been out in the open for some time. Investors pegged its value at $700 million in 2014, and since then it has raised money twice — including last year’s $70 million Twitter investment — at the same valuation.

The service says it has 175 million monthly unique users, but it hasn’t updated that number since 2014, either.

 

Miito

The third biggest German Kickstarter ever is bankrupt. It was meant to become a great looking induction designer water boiler, but things didn’t work out. The “remaining money” shall be reimbursed, the founders said. How much of the 800.000 Euros collected still “remained”, was not publicly confirmed.

http://www.gruenderszene.de/allgemein/miito-kickstarter-insolvenz

 

Marguerite talks about the Single European Payment Area (SEPA), learn more here: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area

 

SXSW-Wrapup

German startup Holoplot wins SXSW Interactive Innovation Award in the category Music and Audio. They build advanced sound walls that allow focused sounds in a train station e.g., coming out of a wall with more than a thousand sound units, specifically aiming at passers-by.

http://www.gruenderszene.de/allgemein/berliner-startup-holoplot-sxsw

 

Horse Analytics, offering a wearable for horses, made it into the finals of the SXSW Accelerator pitches. “Your horse in your pocket” is their claim.

https://www.horse-analytics.com/

 

Lamp Startup lampenwelt.de gets an additional 120 million Euro in funding. A true hidden champion.

http://www.gruenderszene.de/allgemein/hidden-champion-lampenwelt-120-millionen

 

BaFin said to be close to handing insurance license to Berlin-based fintech incubator FinLeap http://ow.ly/lqC930a48UM

 

Rocket Corner

“Der Fall Ikarus”

German media continue their critical takes on Rocket Internet. This time, it was the weekly Wirtschafts Woche which came up with an analysis about Oliver Samwer and the ongoing crises at Rocket. Summary: “No plan, no profits, no new ideas: Oliver Samwers Startup Manufactory runs in crisis mode. Will Delivery Hero and Hello Fresh offer the chance of a turnaround? Confidential Documents raise concerns.”

http://www.wiwo.de/my/unternehmen/it/rocket-internet-der-fall-ikarus/19523396.html?ticket=ST-912737-v7KgFRELSyJWzaWY5fJm-ap2

 

Frankfurt:

 

Clark.de, one of Bloomberg’s 50 most promising startups

These Are the 50 Most Promising Startups You’ve Never Heard Of said Bloomberg in March 2017. Now we want to change that for one of these startups! Clark.de an InsurTech from Germany, headquartered in Frankfurt am Main.

Here is the interview (we did publish it in the meantime http://ow.ly/gfvm30apSQ8)

 

This is how the Fintech center TechQuartier tries to attract bank related startups.

http://www.gruenderszene.de/allgemein/tech-quartier-frankfurt-am-main-fintech-rhein-main

 

Frankfurt School of Management’s First startup night – March 16 – a big success!

 

Parcel service Hermes acquires majority stake in Frankfurt-based startup Liefery http://ow.ly/Xz2z30a4A5g

 

Stuart Cameron emailed us, the CEO of Uhlala – a company which supports, promotes and connects LGBTI people and women in leadership. With their Unicorns in Tech community, they are organizing Germany’s first LGBTI hackathon „Love to the Front” in Berlin on the 31st April. It’s hosted by Erasys.

More at http://unicornsintech.com/work/hackathon/ or at unicornsintech.com, then scroll down to events.

Housekeeping:

 

Also, do not miss Startup Radio in Berlin – covering and moderating the technology panel of the first International Cannabis Business Conference to be held in Germany after legalization.

 

Brief Introduction by Marguerite to Cannabis Startup world – including her coverage of the ICBC April 9-11 event – go to the website in the notes.

http://internationalcbc.com/icbc-berlin-2017-tickets/

Exclusive – Deutsche Bank‘s upcoming startup program

In this interview, we talk to Joris Hensen and Frank Pohlgeers from the Digital Factory of Deutsche Bank. We talk about the intention of Deutsche Bank to help build an ecosystem, by granting fintechs access via their API, but also for non-fintechs. Deutsche Bank is interested in cooperating with startups from fintech, what they call “near-banking” and “beyond banking” and is opening itself up to them. The bank is even working on a partnership program to help start an ecosystem.

If you want to know more about the API of Deutsche Bank, you can learn more in the Developer Portal of DB.

The interview was conducted by Joern and Gaurav from the startuprad.io team in Frankfurt, inside the Digital Factory of Deutsche Bank.

During the interview, we talk about the winners of Deutsche Bank Hackathon API/OPEN. You can find our interviews with three of them here:

Here you will find the transcript: 

Clark.de, the only startup from Germany on Bloomberg’s list of 50 most promising startups

These Are the 50 Most Promising Startups You’ve Never Heard Of said Bloomberg in March 2017. Now we want to change that for one of these startups! Clark.de the only startup from Germany, who made it on the list and it is headquartered here in lovely Frankfurt am Main.

Our guest is Dr. Christopher Oster, who founded www.clark.de (Crunchbase profile) in 2015. We had Christopher before in an interview when he newly founded Clark, which was published in November 2015. Before Clark he co-founded Rocket Internet’s version of Airbnb, called Wimdu.

This time we talk to him, since Clark is the only startup from Germany, on Bloomberg’s List of “50 most promising startups, one has never heard of” and an extremely good example of the increasing importance of Frankfurt, as a startup and fintech hub.

 

Learn more about Frankfurt as a Fintech Hub here.

 

Here you will find the transcript: 

Be!Fund – The Business of Creating Heroes

Be!Fund Deutschland Förderverein e.V. is a non-profit startup that supports social startups in India. The organization is the local support hub for two organizations in India

  • Be!Fund India helps entrepreneurs to get non-profit venture capital in India
  • Going to School India helps children in India to finish their last years in school in order to learn crucial skills, they could use to become social entrepreneurs themselves.

Both organizations are intertwined on a personal basis in India, both are supported by the entity we interview from Germany. Therefore both are covered in this interview here. In Frankfurt, Be!Fund works closely together with the Indian parent organization e.g. by reviewing business plans of the social entrepreneurs and supports them financially by collecting donations invested as seed capital into social entrepreneurs who pay it back by for another investment in the next generation hopefully creating a ripple effect. In the volunteering work methods from the lean start-up movement are used, such as prototyping our fundraising campaign „Karmaheld“ that raises donations in a fun way. The campaign is abstaining from using old-fashioned guilt feeling techniques, taking prototypes to the streets and improving it from the feedback received.

Want to support the initiative, donate here

 

Links and Videos

Links
Want to support the initiative, donate here
Be!Fund website
Karmaheld website
Download Skool App „Skool by Going To School“ for iOS here

Videos from the initiatives on YouTube: 
Going to school India
Jayanti’s Candle Making Business – Befund!
Mageshwari’s Solar Lighting Business – Befund!
Archana’s Leaf Plate Making Business – Befund!

Startup News Germany January and 2016 Review

 

Note: The recording was done on Jan. 23rd and does not include any news following this date.

 

House Keeping:

Once more our German podcast is number 1 on a #startup #podcast list. https://t.co/ZH0F8852ZA

We did a live stream of the Accelerator Frankfurt Demo Day. You can see the recording here #demodayffm https://www.youtube.com/playlist?list=PLNT8T-Znm8zVx-PctAQcsMtRGXIQnuE24

In German: Fintech Review German https://www.startupradio.de/fintech-review-2016-und-ausblick-2017/

Interview with the winners of Deutsche Bank Hackathon

 

Hubs

Frankfurt:

Creathor Venture and IBB Beteiligungsgesellschaft invest a seven-digit amount in manufacturer of ultra-reliable communication systems R3 Communications http://buff.ly/2jTDVFd

Could Frankfurt become the new Berlin for startups? ask the local https://t.co/xukv64Mvnz

BAAAAAAM! There it is SpaceStarters a new crowdfunding #platform for air and space tech! http://ow.ly/ftDI3079WNA

CardioSecur turns Smartphone into ECG https://www.fuer-gruender.de/blog/2016/12/cardiosecur-medsystems/

Deutsche Boerse offers gamers place to trade virtualgoods | Reuters http://ow.ly/X4v6306JNbe

There are now mind blowing 172 meetups in the Rhein-Main Area related to coding, desing, startups and vc investment http://meetup.rheinmain.rocks/

 

TRUMP, TRUMP, TRUMP!

Jörn’s input the Smooth-Hawley Tariff (on protectionism with tariffs)
– An article from free.org “In 1930 a large majority of economists believed the Smoot-Hawley Tariff Act would exacerbate the U.S. recession into a worldwide depression.” https://fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/

 

Companies

We talked about it before Online auction house Auctionata has filed for preliminary insolvency and plans to spin off Paddle8 | EU-Startups http://ow.ly/JtPR308bKVG

Management Level employees leave Berlin based fintech OptioPay reports Gründerszene https://t.co/uqoUdq6RdC

Alltogehter there are 9 startups aiming to copy casper (matress), who is by the way also selling in Germany by now http://ow.ly/I3tM3080hHv

Timm Schipporeit leaves VC Index Ventures after Movinga fiasco writes manager magazin http://ow.ly/SbDw3079TP6

 

GSA

Making art helps this refugee create her new life in Austria  https://t.co/yoA677OvGE

 

Rocket Internet Corner

Reserach by NGIN Food and Gruenderszene suggest that the owners of Foodpanda took a big hit when merging it with Delivery Hero. Their work suggest that Rocket’s Foodpanda stake once worth beyond 250 mn € (Rocket held 50+% of the company worth 570 mn) went to Delivery Hero for 1,1% stake in Delivery Hero, which they is estimated to be worth only 70 mn €.  http://ngin-food.com/artikel/rocket-internet-foodpanda-delivery-hero-analyse/ 

Also, Rocket just announced to have collected a $1bn fund for investing in and financing of startups. It’s called Rocket Internet Capital Partners, RICP and the largest in Europe to date. The stock price didn’t change that much, though, it’s still somewhere below 20€, compared to a high of more than 50€ in 2015. https://techcrunch.com/2017/01/20/rocket-internet-closes-1b-fund-the-largest-to-date-out-of-europe/

 

 

2016 Review

Germany’s 10 fastest growing #startups in 2016 | HEUREKA magazine https://t.co/0rgiKqthTE

German #FinTech Overview in one big chart https://t.co/lieUTNVNZL

15 largest financing rounds in Germany in 2016 http://berlinvalley.com/finanzierungsrunden-startups-2016/ Hello Fresh beeing the largest with 85 mn €

Largest and most important exits 2016 http://ow.ly/ohS5307Yp9L Team View Investor buying P&I the biggest 850 mn €

 

Accenture „HealthTech Innovation Challenge“ – From our mailbox

500 startups applied globally 

3 US-based companies made it into the finals, which have been awarded that the 35. J.P. Morgan Healthcare Conference in San Francisco 

Winner was QuiO, developer of a cable-less injection device with a cloud platform for smart medication

Other winners 

CaptureProof (developer of a camera, including the „Visual Narrative“-App for the exchange of information between all involved parties (patients, doctors…)

UE Life Sciences, Inc.(cancer screening tool for Point-of-Care, developed for developing countries

 

2017 Preview

“The triangle of Berlin, London and Paris will cement its dominant European position, accounting for the lion’s share of European VC activity. Together they will account for 75%+ of EU’s VC funding volume”

Point Nine Capital 2017 Team Predictions – Point Nine Land – Medium http://buff.ly/2jn6zhl

 

10 “Next Big Things” that will fail in Media Entrepreneurship in 2017

Among them are Monetization of Facebook Videos and VR. VR? Yup. https://medium.com/digital-journalism-rocks/these-10-journalistic-next-big-thing-predictions-are-doomed-to-fail-in-2017-81d2ec4dea97#.m718w657z

 

From our German Rhein Main Review podcast: Mario and Joern think that the Rhein Main Area is good for 100 mn Euro VC funding in 2017 – Joern bets on more. We will let you know at the end of the year, how it turned out.

 

Joern’s find https://www.the-little-michelangelo.com/

Werner von Siemens, a great innovator would have turned 200 in december 2016! http://www.gruenderszene.de/galerie/siemens-zitate?pid=13197

 

Stay ahead of the curve

Why Apps Won’t Matter in the Future https://www.youtube.com/watch?v=drXNPy23Xco

The future of money | Neha Narula – YouTube http://ow.ly/rpzt307reY8

 

ROADTRIP INTERVIEWS AND EVENT HIGHLIGHTS FROM BITS AND PRETZELS 2016 – PART III

This time in our final roadtrip podcast from Bits & Pretzels 2016 our topic range is quite wide: logistics, VR and education. Event’s foyer was full of startup stands from all business fields with interesting ideas and products. Shipping goods today is as easy as that, just few swaps on smartphone, startups Bird and einfachverschickt.de are helping doing that. There are plenty of use cases for VR in design and architecture, consulting, marketing, startup eachtick’s product GVR is a good demo of that. And finally SpeaQ With Me’s product is a new online social language platform, stay tuned, more in our podcast.

You can find the other interviews here:

Episode I Bits and Pretzels 2016 –  Mozilla Foundation and startup pitches

Episode II Bits and Pretzels 2016 –  Startups in HR and talent search

ROADTRIP INTERVIEWS AND EVENT HIGHLIGHTS FROM BITS & PRETZELS 2016 – PART II

We continue series of Roadtip podcasts from Bits & Pretzels 2016, discussing event’s program that was full of keynotes, workshops, speakers and pitches.

 

Today we are sharing with our listeners value propositions of startups in field of HR and talent search. Surprisingly there are a lot of gaps in this business that startups can improve and create additional value both for firms and job seekers. We talk to the startups Talentcube, MoBerries and TaylorTalents are sharing with us their ideas and product pitches.

 

Here you find Episode I Bits and Pretzels 2016 –  Mozilla Foundation and startup pitches

DWINS – DEUTSCHE BANK HACKATHON WINNER

This is the third and last episode in a small series, where we introduce our listeners to the winners of Deutsche Bank Hackathon.

This time we talk to real twins: Ben and Alex, who are FinTech entrepreneurs and of course winners of Deutsche Bank Hackathon. They founded their company dwins in Cologne, but relocated to Frankfurt after a pivot. They offer a smart analytics API for analyzing current accounts and credit card transactions, currently getting into machine learning. During the hackathon they coded the so called Finance Guru, for personal finance.

You can learn more by tuning in to the interview and follow DWINS on Social Media:

Lear more about the other two interviews with winners of Deutsche Bank Hackathon here:

  • Finchild – A pocket money app who want to further the financial education for children.
  • Wire – A chat bot platform, who coded a client service chat bot during the hackathon.

PS: Here is the promised view from Deutsche Börse Fintech Hub (on a cloudy, rainy day): https://www.facebook.com/startupradio.de/photos/a.1569447969949281.1073741828.1427450964148983/1853651681528907/?type=3&theater

And picture added from the comments: https://scontent.xx.fbcdn.net/v/t31.0-8/13147328_576116012554002_1840556866369125770_o.jpg?oh=fb788b1ef058a22455f2836f773950e3&oe=58F4A46C

FINCHILD – DEUTSCHE BANK HACKATHON WINNER

This is the second episode in a small series, where we introduce our listeners to the winners of Deutsche Bank Hackathon.

We talk in the second interview with Christopher from Finchild, which is an app for parents to reward children, pay them pocket money or assign tasks to them so they can earn money. The team therefore wants to contribute to the financial education of children from an very early age on. During the hackathon the team developed the Finchild app.

You can learn more by tuning in to the interview and follow Finchild on Social Media:

 

More interviews from the winners of Deutsche Bank Hackathon:

  • Chatbot platform wire.com, which developed a client service chatbot during the hackathon.

Wire – Deutsche Bank Hackathon Winner

This is the first episode in a small series, where we introduce our listeners to the winners of Deutsche Bank Hackathon.

We talk in the first interview with Helena and Gregor from wire.com, which is an end-to-end encrypted messaging service on which you can run chatbots. During the hackathon the team developed a chatbot for client interactions for Deutsche.

Tune in to learn more.

We touch the following topics during the interview: