News – 2017 Review and 2018 Outlook

Chris and Joe talk about the reviews of the startup year 2017 they have found and the forecasts for 2018 they find noteworthy. The recoding was done on January 6th 2018

Sponsoring Message

Support for this podcast and the following message comes from Slack. Millions of people in hundreds of thousands of companies rely on Slack to get their work done. For them, Slack is where all the people and tools they need to work are gathered. Where ideas form, evolve and reach fruition. Where plans are proposed, documents exchanged, expenses approved, travel booked and deals signed off. Where decisions are made and consensus is reached. Where the humdrum becomes the easily done. Slack: where work happens. Find out why at slack.com.

 

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2017 Fintech Review Germany and 2018 Outlook

The fintech review Germany is one of the traditions of Startupradio. We started it in German back in 2014, when fintech first appeared. Since Startupradio.de will be shut down the end of 2017, we moved our tradition to the English channel. If you are able to speak German, you will find the old shows here:

Our guests: 

Luka – CrunchBase – LinkedIn

Paolo – CrunchBase – LinkedIn

 

 

Our sponsors:

Slack.com

Startups.Observer

 

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Startup News Germany Wrap-up – November

Sponsoring Message

Support for this podcast and the following message comes from Slack. Millions of people in hundreds of thousands of companies rely on Slack to get their work done. For them, Slack is where all the people and tools they need to work are gathered. Where ideas form, evolve and reach fruition. Where plans are proposed, documents exchanged, expenses approved, travel booked and deals signed off. Where decisions are made and consensus is reached. Where the humdrum becomes the easily done. Slack: where work happens. Find out why at slack.com.

Startups.observer supports this program. Startups.observer is like online dating for startups and investors. Learn more here: http://startups.observer/

 

We will be back in the new year.

Housekeeping

Once again we have published a lot of videos since our last news podcast. www.youtube.com/c/startupradio.

We talked in a series to startups in the Merck Accelerator program (who also sponsored the videos) including

  • A tool, which turns your smartphone in a microscope and help craft beer brewers https://youtu.be/FREsJCYloUo
  • A startup, which helps diabetes patients in their daily live without the need for drops of blood and an algorithm to forecast your blood sugar https://youtu.be/4ggx2QUTYDE
  • A 22-year-old entrepreneur, who had a part of his brain removed in a neurosurgery in order to cure him of epilepsy. He now wants to help others recover faster with his VR Startup https://youtu.be/zPfhlw7MPbI

 

We have also been to the Euro Finance Tech. See the videos including a startup from Chicago, Rome, Berlin and Frankfurt: https://www.youtube.com/playlist?list=PLUbiCAQc22WttfUje1wgmq99Ovc6XnaXv

 

Finally, we had an audio podcast with Patrick de Zeeuw, CEO, and Co-Founder of Startupbootcamp Amsterdam https://www.youtube.com/watch?v=DBnefn14JUs&t=2s

 

Joern is also busy as co-author. E.g. here in this article: The Complete Frankfurt Startup City Guide | StartUs Magazine http://ow.ly/AnMT30gUztR  

Startup News Germany Wrap-up – October

Housekeeping

Once again we have published a lot of videos since our last news podcast. There are more on the shelf and we will keep posting at least until the end of the year. Check it out here www.youtube.com/c/startupradio. We can tell you that since the last news, we posted a few quick fire interviews, as well as the interview with Pal-V, the flying car from the Netherlands. We conducted the Pal-V interview live at Frankfurt Motor Show.

We have also been to the Frankfurt Book Fair, where the German association of book printers and publishers presented the startups of their accelerator program Content Shift. Stay tuned for the interviews we conducted afterward. www.youtube.com/c/startupradio

I am sorry, but I have now quite a backlog on editing. I will catch up with it till Christmas! 🙂

 

We also published an exclusive interview with the founder of Raisin, the Berlin-based deposit marketplace: Raisin – How the financial crisis inspired this former partner at McKinsey & Company to jump ship and found a startup https://buff.ly/2z8qk4W  

Startup News Germany Wrap-Up – September and Summer

Housekeeping

Welcome back after the summer break. We did not only chill on the beach, we rather worked hard for you. We put up more than 9 videos on our YouTube Channel: https://www.youtube.com/c/Startupradio.

  • This includes live recordings from the Ethereum Meetup Central Germany
  • Our interviews from the Frankfurt Motor Show

On our podcast www.startuprad.io you will find several new podcast interviews, including, but not limited to:

  • Roadtrip interviews from pre-Brexit London
  • RegTech event in TechQuartier here in lovely Frankfurt
  • Plus exclusive interviews e.g. with the world premiere, the first all digital health insurer in Germany, ever to be set up (ottonova)

A recognition for our German and English podcast Wuha! “10 Tech-Podcasts you should know | Gründerszene http://ow.ly/dDtF30duzSz

Live Stream on November 16th at Euro Finance Tech 2017 you can watch on YouTube https://www.youtube.com/watch?v=M6CfiHY5FYw

Startup News Germany – June 2017

Housekeeping

We have a new interview online with Dr. Yassin Hankir. He is a former management consultant, former co-founder of one of the first roboadvisors in Germany and he is now the co-host of the Fintech Meetup in and around Frankfurt, as well as co-founder of savedroid. Savedroid is an app, which helps its users with an AI to save money. He and the company are looking to close a Series-A round towards the end of the year: http://www.startuprad.io//interviews/frankfurtfintech-interview-yassin-founder-ai-savings-app-savedroid/

 

Eco System

none today

Hubs

Startup New Germany – May 2017

Housekeeping

We made it up to Number 45  in the German podcast download charts for 3 days during Easter! Aaaaaaaaaaaaaaaawesome! 🙂 http://www.itunescharts.net/ger/artists/podcast/startupradio/podcasts/startupradio-startup-podcast-from-germany/  

An article by our friends Joe and Paul from Rhein-Main Startups on the Frankfurt Startup Eco System http://www.startupblink.com/blog/frankfurt-startup-ecosystem/

Jacob talked about the Berlin Startup Jobs Fair 2017 – startuprad.io http://ow.ly/6zQn30cfUYa

Joern attended the opening of the German Entrepreneurship Center GTEC Campus Frankfurt http://ow.ly/Eru430cfV1X

Startup News Germany – April

Housekeeping

Geektime wrote about our interview with Deutsche Bank “Breaking into Deutsche Bank: This German giant has found a way to reach out startups” http://ow.ly/CCfy30bgqzg

 

How Clark Made It on Bloomberg’s List of the Most Promising Startups – Insurtechtalk https://t.co/VjOLUo8el3

 

Eco System

It appears Cryptocurrencies are being used for Ponzi or Pyramid Scheme Scams now reports Confluence http://ow.ly/V6jM30aW5J0  

OneCoin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme – The Cointelegraph https://t.co/aDoUseQmvi

DASCOIN, another outbreak of the #Onecoin strain of MLM Virus. https://t.co/boGvejZrsy

 

Cannabis comes to Germany. The ICBC in Berlin kicks off a new industry as the government releases its first bid tender for 10 grow licenses to serve the medical market.

 

Joern talks about the song “Manhattan” by Ella Fitzgerald. The amazing Ella would have turned 100 just 3 days before the recording.

 

Hubs

Frankfurt

Survey results: Frankfurt among top 50 cities for entrepreneurs globally| Rhein-Main http://ow.ly/201n30a6sNX  

 

The federal government advisory council on sustainability dashed out sustainability awards for startups in the rhein main area.

  • Bettervest – A crowdfunding platform for energy projects
  • Place2Help – A crowdfunding platform for social projects in the Rhein-Main Area and
  • Africa Green Tec – Which brings solar containers to Africa (Mali)

each got one award http://ow.ly/O4DX30aoSkW

 

CB Insights the research company compiled a list of Robo Advisors in the world. Two from Frankfurt are listed. They are not all, who exist here, but it makes sure that Frankfurt is also here a global hotspot “A Wealth Tech World: Mapping Robo-Advisors Around The Globe”  http://ow.ly/mUN330bdoj2

 

Frankfurter based micro savings fintech savedroid raised Venture Capital, valued at 20 mn – We have by the way a recorded, but not published interview with the founder and CEO for you. Coming before the summer break https://t.co/Z2aYsZdroz

 

Finally: The GTEC – German Tech Entrepreneurship Center – GTEC is expanding to Frankfurt – Of course we made an interview with the founder and CEO as well. As you know – Coming soon 🙂  https://t.co/LwekF249of

 

The Frankfurt-based mobile recruitment platform Mobilehead raised a  seven-digit sum for their mobile job recruiting platforms, where each is tailored to a specific professional area (e.g. Legalhead)- Tech.eu https://t.co/pUDaiPRGKa

 

Cologne

Federal Ministry of Economy awards funds to Cologne in digital hub initiative for Insurtech – deutsche-startups.de http://buff.ly/2oz9wPL

 

Companies

The bad news

The marketing blog “Online Marketing Rockstars” is explaining “Signalling” and also asks if the credit is the beginning of the end for Soundcloud? Background: We did talk about them the last news, that Soundcloud is in trouble and ReCode was speculating even on a firesale of the startup. Now they have 70 million USD to go one. Fingers crossed for them  http://ow.ly/fKI430ajSpS

 

Hamburg – Lampuga Insolvency: Investor files criminal charges for potential fraud at the startup who was crowdfunded with 820 thousand Euros to produced jet propulsioned surfboards http://ow.ly/yY7H30aYE2O

 

The online shoe store Giggs gave up – since up to 60 % of goods / shoes been returned http://ow.ly/9POo30b91OU

 

The good news

Vimcar, a Berlin startup that offers hardware and an app to manage company fleets, raised $5.5M https://t.co/jWJ52vqp0s https://t.co/ftwYwiSWMK

 

There seems to be some great movement in the Media Startup market, coming from Switzerland. We have republik.ch, collecting money for a new more leftist/centrist journalism offering. The Swiss media market is usually very conservative, but now they proved there’s room in the market. 2.2 mn Franks in three days. Equal to $2.2 mn.

https://www.republik.ch/

 

The digital health insurer Ottonova raised 15 million https://t.co/IlWTDueTQJ

 

IoT News

The Munich-basedIoT startup KONUX announced a final close of its Series A funding round worth $16 million | EU-Startups https://t.co/i4B6hPi2U0

 

The agriculture and industry IoT platform Cumulocity, based in beautiful Düsseldorf was acquired by Rhein Main (Darmstadt) based Software AG https://t.co/EU4z1lrHMM

 

Rocket Internet Corner

Rocket got criticized, this time in an interview with the influential Manager Magazin. You have heard many critical articles from MM on Rocket Internet. This one is noticeable since it is an interview from Michael Otto, from the former catalogue empire Otto. Otto Group also happens to be No 2 in the German ecommerce space behind Amazon (100+ shops globally with 7 bn € annual revenue).  Mainly the “frontal attack” comes due to all the not upheld promises the Samwer brothers made. http://www.manager-magazin.de/unternehmen/handel/michael-otto-frontalangriff-auf-oliver-samwer-a-1142700.html

 

It is publication season in Germany. So the listed companies have to open their books and show it to the investors. Also Rocket Internet had to do this and some of its startups also published some details:

  • Bottom line Rocket Internet made 2016 a loss of €741 million http://buff.ly/2qatv7u
  • Delivery Hero has seen a 71% jump in revenue. In total 2.3 Euro billion worth of orders have been processed in 2016. DH is valued at nearly €3 billion and is speculated to be headed for a listing later this year (but we talked about a few attempts already). Rocket Internet owns a 37.7% stake http://buff.ly/2qasA6W
  • (added after the recording) Global Fashion Group posts improved 2016 revenue but is still making losses http://ow.ly/QSQC30bhTWd

 

Hamburg again, not much good news for the startups there: Battered Goodgame Studios took a valuation hit of 622 mn Euros. The gaming startup had to let go more than 100 employees before. The change in valuation came only to light since Rocket Internet is an investor (15%) and had to publish the data.  http://buff.ly/2poHYf5

 

Joern’s find New Billionaire: How CEO Of Papa John’s Turned Pizza Into A Fortune – YouTube http://ow.ly/knRy30b91J4

Competitions and events

Frankfurt Tech Days come up on May 16th 2017 in Frankfurt. We are media partner. http://ow.ly/OqSB30bk1WO

Stay ahead of the curve

A hitchhiker’s guide to the galaxy of accelerators – can you hack your way out of them? https://t.co/82ZFRqwOEy

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/

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