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Nordic Accelerator Conundrum: Finland’s Startup Accelerator Ecosystem

Posted on Monday, Dec 15th

This article summarizes Finland’s Startup Accelerator Ecosystem – its incubation and acceleration infrastructure, comparing 1Mby1M to what’s available and educating Finnish founders on how to work with Silicon Valley from day zero.  Finland has long stood out as one of Europe’s most advanced innovation ecosystems — a nation where technology, education, and design intersect elegantly.

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Best of Bootstrapping: Vainu Co-founder Mikko Honkanen Bootstraps from Finland

Posted on Friday, Aug 30th

Mikko has steadily built an excellent SaaS company from Finland and is now expanding into the US as well. Read on for more. Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background? Mikko Honkanen: I was born in

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Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 5)

Posted on Friday, Jul 28th

Sramana Mitra: How many customers do you have in all? Mikko Honkanen: A little bit more than 1,200 customers. Sramana Mitra: What has been your experience with the US? Three markets are Scandinavian markets where the policy is open data. Is the Dutch market open data as well? Mikko Honkanen: There’s actually a site called

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Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 4)

Posted on Thursday, Jul 27th

Sramana Mitra: What about the product that had to be localized? Mikko Honkanen: Yes. We had to localize the product. All the Nordic countries are pretty good with open data. We were able to buy and open the basic data. We had to add lots of local data sources and translate the UI and make

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Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 3)

Posted on Wednesday, Jul 26th

Sramana Mitra: You had a bunch of paying customers before building the product. How much were they paying for the annual upfront payment? How did you find these companies? Mikko Honkanen: We used our own product. To find the first unaffiliated customer, you need to do sales and marketing. So, we focused on all the

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Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 2)

Posted on Tuesday, Jul 25th

Sramana Mitra: I would like to zero in on exactly that. I’ll give you some context. My second company was a lead generation and web research company, exactly solving the same problem, except that it was very early and the web didn’t have anywhere near the level of data that it has today. I’m talking

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Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 1)

Posted on Monday, Jul 24th

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Mikko has steadily built an excellent SaaS company from Finland and is now expanding into the US as well. Read on for more. Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in

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Serial Entrepreneur From Finland: Verto CEO Hannu Verkasalo (Part 6)

Posted on Saturday, Apr 1st

Sramana Mitra: The first year of being in the market was in 2012? Hannu Verkasalo: 2013 was when we started building the product. End of 2014 was when we launched the product. Now we have had two full years in the market. Sramana Mitra: When did Cisco come on board? Hannu Verkasalo: They came on

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