Archives for category: entrepreneurship

A few days ago I was contacted by David Garzón for his excellent project that has tens of interviews of various start up CEO’s and execs where he asks them: “how they work”. I have decided to translate it to english since many of the people I work with don’t speak spanish and I realized that this was a pretty good guide to understanding… how I work and why.

You can find the original post here. I have made only minor corrections and adjustments to the original by David below.

I am Alexis Bonte CEO of eRepublik Labs and this is how I work.

“There are people who have to fight for their success. Alexis Bonte is one of these cases. Born in Paris he grew professionally in the UK, France and Italy and based himself as an entrepreneur in Madrid. He has quite a unique modus vivendi and is always looking for ways not to waste time so he can dedicate his free time to his family. Personally I am delighted to be able to read about how he works.” David Garzón


Co-Founder and CEO of eRepublik Labs (crafting game worlds), business angel (,,, etc…) and Young Global Leader at the World Economic Forum (Davos). Before eRepublik Labs, I was 6 years in in various roles: Marketing, Business development and Managing Director of the Italian business. I am half French half Portuguese and little Russian Armenian (from everywhere really), married to a Spanish wife from Cadiz and have 3 kids.

Locations: Madrid and (about 4 days per month (Bucharest)

Mobile: Iphone 5s and Galaxy 4

Laptop: Mac Book Pro

Twitter: @alexisbonte

“…success depends 99% on having the right people…”

What do you do on the first hour of a normal day at work?

When I am not travelling (about 10 days per month), sports at our office gym. We have a personal trainer that comes most mornings and is free for all the members of the team. I live in the same building where our spanish offices are, so I usually hit the gym around 8h00 or 8h30 every morning.

“… Sports in our office gym”

What are the apps or tools you can’t live without?

Gmail, Gcal, Google Drive (we have the full team on Google Apps) as well as Trello, that we use for all our projects. Google Maps as well because I hate not know ing where I’m going when driving. And finally our own internal tools to check the sales and KPI’s of our social strategy game world live.

What is your favorite workspace?

The office. We strongly believe that the work space is very important, so we have invested in it with nice common areas like a bar, home cinema etc… We did something similar in our Bucharest studio with access to a terrace, games area, ping pong table etc..

Madrid Studio:

Bucharest Studio:

What music do you listen to whilst you work?

I don’t listen to music whilst I work, I find it to distracting. It is a little ironic, considering I am the chairman of, the musical streaming solution for Vodafone (for now, in Romania but extending to other countries)

What is your best trick to save time?

Living above one of my offices. At the beginning I was afraid it was crazy, but it is one of the few ways I have to compete with other entrepreneurs who only live to work. I am 37 years old and have a family, I am in period of my life where I need to have a life outside of work, so I need to save as much time as possible by avoiding things like transports. Very often I will leave my office around 20h, take the kids to bed and come back around 22h to finish what I have to do. I am 1 minute away door to door so its easy to do.

“…living above my office.. is one of the few ways I have to be able to compete with other entrepreneurs who only live for their work…”

How do you handle your task list?

In this I am very classic. I have a small moleskine for each month, with 1 page per day, where I write own all my tasks for the day and tick them as they get done. I have tried all the digital solutions but this is still what I prefer.

What is your worse trait when working?

“Multitasking”, right now I am answering this interview, checking emails and finishing the projection on our next game, Tactical Heroes

Tactical Heroes tips web

Apart form your mobile and computer, what other gadgets are essential to you?

An iPAd, I have two with me, a mini and a air.

What was the hardest in your first steps?

Having to do almost everything by myself and the fear to fail. When I arrived in Madrid, I came from Milan, where I had a team of 120 people in a consolidated start up ( In Madrid I did not know anyone, apart from my wife, Jimena. I started alone in an office in calle Almagro. It was a bit of a culture shock. Luckily I met fantastic people like Martin Varsavsky, that helped me meet other people and enter the ecosystem.

Once you start building a team, the hardest part is to find ways to make that team be the the best possible team. This is even harder when you are in three locations like us (we have 2 game production teams in our Bucharest studio, one  in our Madrid studio and a finance & IP team in our Dublin HQ). This is very important and goes with the culture of the company, we invest in people but we need to also be firm with team members that don’t perform well. This is still our main challenge, working with the best team we can.

“…once you start building a team, the hardest is to make that team the best one possible…”

How would you describe your style of leadership?

One of my main values is fairness, I am approachable and friendly but not a “hearty dude” that just hangs out for a beer. I am demanding with myself and the ones I work with. We are not in this to just participate, we are in this to create the best company we can. In our case this means crafting the best games we can with a positive financial outcome and building the best possible team to have a “great company”. This is super difficult, and due to that I can be a little intense at times. I also try to delegate as much as possible in the areas where we have experienced people that perform, but I can really get into details in areas where we don’t have people with sufficient experience or where the results are below expectations. Basically, I adapt my leadership style to the needs of the moment.

“.. we are not in this just to participate, we are also in this to create the greatest company we can…”

What important lessons did you learn by creating and leading a company?

Success depends 99% on having the right people, at the right time, in the right place, jointly working on the right things for the company. Of course, you almost never have this situation of a perfect team, even less so at the beginning. So the most important thing I have learned is that you build this step by step, with lots of tenacity and with an eye on the bottom line so you don´t run out of money.

What advice would you give to a future entrepreneur?

Go for it or at least join a start up learn and grow for a few years with it and then go for it.

How do you deal with your mistakes?

I feel bad for a short moment, analyze it, then do the necessary correction as fast as possible and I move on to the next thing. I do a lot of mistakes, I believe it is better to make a mistake you can learn from than not taking decisions or risks. If you don’t do this you don’t progress.

What is your routine to disconnect from work?

My family, jogging in Casa de Campo and skiing on the week ends that allow it.

Fill in the blank space below:

I would love to see my friend and mentor Brent Hoberman answer these same questions

What is the best advice you have received?

“It’s time you go for it again and start another company” (My wife Jimena when I was starting to feel very comfortable in

Is there something else that you would like to tell our readers?

We are all different, what works for one most likely won’t work for you. But if you are entrepreneurial or want to be, there are three rules that apply to everyone. You have togo for it, get the best possible team and be very tenacious.

And if you want to join a truly great adventure in the world of video-games, we are always looking for talent, so send us your CV to or got to

By @benedictevans.

Worth checking out if you are interested in this space.

Happy new year 🙂

I was pretty excited a few weeks ago when Trilulilu, the company where I am chairman and one of my largest angel investments, soft launched its streaming music service with Vodafone! We also announced that Vodafone had taken a 15% stake in Trilulilu´s music subsidiary Trilulilu music. This is a huge vote of confidence that a company such as Vodafone would make such a move and select a Romanian company to offer a music streaming service to its customers for the first time worldwide. This is great for Vodafone who gets a great service for its customers and also lots of goodwill by showing that it has the vision to find great teams and start ups no matter where they are located in the world and as a result in this specific case, support the Romanian start up ecosystem. It is also great for Trilulilu and Zonga of course who gain a very important strategic partner that will significantly boost its growth potential. Finally it is also very good for the local start up ecosystem that in my opinion needs to gain credibility and traction, not just with more funding deal announcements or exits (still very rare) but also by having start ups that like Trilulilu evolve to the next stage and become credible enough so that they can partner and do truly strategic deals with the truly big boys. Good stuff and congrats to Sergiu and his team.

If you are in Romania, you can register to the free version of Zonga and access to largest catalogue of legal music in the country in any of their stores in Romania or online here

If you are a Vodafone customer, you can subscribe to the premium mobile version of Zonga here


Ps: Below I have added a quick intro video to the Zonga service and what it does.

Zonga – Muzică nelimitată. Mereu cu tine

Vezi mai multe video din reclame

Spain win Euro2012

I’m tired of hearing people say that you can’t build a world-class start up from Spain. You can’t open a paper nowadays without more news about how Spain is collapsing; this is creating a wrong perception of the country.

It is the Real estate and banking sectors that are completely screwed up in Spain. That and like most other European countries living above one’s means for decades.

But amid the 25% unemployment and banks with 19 Billion € holes, something is happening and its not in football.

One of the best companies in the world is Spanish: Zara, its publicity shy founder: Armancio Ortega is now the wealthiest man in Europe.

Yes world-class companies can be created in Spain and attract world-class teams.

Since I have moved to Spain (my wife is Spanish), I’ve heard every single cliché you can imagine about why it’s the wrong place to be based. From the eco-system is not developed enough to it’s too sunny so people don’t work that hard (although there may be a point there if you look at what economies are doing best in Europe right now, there seems to be nothing South of Denmark other than Germany!)

But seriously, the Spanish are notorious for being the people in Europe that sleep the least and that is not just because they know how to Party.

I’m used to having to fight clichés, I had to do the same for Romania (our main games studio is in Romania, we are developing the one in Spain), one of the countries with the best dev talent in the world.

Ok, there are downsides to being in Spain, yes the start up eco-system is less developed than in London or (over-hyped?) Berlin and, it is divided between Madrid and Barcelona.

But it is better than most would think. Entrepreneurs meet regularly in initiatives such as Chamberi Valley, acquisitions are being made locally (Telefonica buying Tuenti,) and funding is available for early stage (Wayra, Cabiedes and Partners) or even later stage (Nauta Capital or Bonzai). Plus you have real local success stories such as eDreams, Idealista, Privalia, Social Point or Fon. They may not be world-class companies yet, but some do have a shot at achieving that.

Another key thing is talent, if you believe that the future of consumer tech is in great design rather than simply the best technology. Then designers & artists who are almost impossible to find in other European countries are actually quite easy to find in Spain. Also, great weather, good food plus falling cost of living do have the extra benefit of making it easier to attract foreign talent and to retain it.

Most importantly, Spain and the young Spaniards have no choice. With 50% youth unemployment, you are not going to beat the crisis if the society doesn’t become entrepreneurial and embraces start-ups.  The first signs of this are starting to emerge with the multiplication of events and conferences as well as growing government interest and the first (albeit slow) application of entrepreneur friendly laws such as a more flexible labor market. But the Spanish government could yet surprise us, this is after all a country that did a law (now cancelled) designed to attract the best football talent to the Spanish League and clubs: the Beckam law that halved income taxes to 24% for 6 years for international football players. Imagine if they placed the same energy and imagination in getting the best international entrepreneurial talent!

Spain did hit a brick wall but fortunately, entrepreneurs know that every brick wall has a brick door.

Yes Spain is one of the places where in football and in business if you can dream it, you can do it.


A few days ago, I learned via email that the World Economic Forum (WEF) had selected me to be part of the YGL (Young Global Leaders) class of 2012, this information is being made public today. The World Economic Forum among many other things organizes every year an annual meeting in Davos, without a doubt the most important economical summit in the world.

Every year a WEF committee selects 100 to 200 individuals of under 40 years to join the YGL community of 650 active members in the world (some very cool people in there). You can find the full list of the class of 2012 here:

I am honored and thankful to the World Economic Forum for nominating me to the Young Global Leader class of 2012.  This is especially rewarding for me as I will actually be joining my wife, Jimena who was selected as a YGL in 2010 for a completely different field: Art & Education and I therefor know just how incredibly interesting it is to be part of the YGL community.

I have been working, creating or investing in Internet start-ups since I’m 21, sometimes failing and fortunately a little more often succeeding in some not so obvious places (for internet start ups) such as Portugal, Argentina, Romania and Spain. And wherever I have been active with my own start ups I have tried to help the local ecosystem and local entrepreneurs.

I am currently the co-founder and CEO of eRepublik Labs, a start up of 50 people based in Dublin, Madrid and Bucharest that invents game worlds such as . I am also the non-executive chairman of Romania’s largest entertainment website and an angel investor in half a dozen more start-ups.

It is in part thanks to all the people I have met, worked with (good and bad) and always learned from that I now have this new range of opportunities that being a YGL gives you, so thank you.  The rest is all my family and my wife’s making (and that of the person who submitted my profile to the selection committee).

I was asked by the WEF to answer a few questions that you can find below:

What are the characteristics of the next generation of leaders?

I believe that the characteristics of the next generation of leaders will be that:

–       They are truly citizens of the world, people who have been exposed to and understand other cultures.  Be it via travel, education or simply by being connected.

–       They are capable of leveraging the power of a connected world not only for business objectives but also for social objectives

–       They are less inclined to accept being limited by national borders or local rules something that has its advantages but also its risks

–       They are more socially conscious and true embracers of transparency and social mobility, what counts is not where you come from but what you are doing and what you are capable of achieving.

What according to you are the challenges and opportunities of the next generation of leaders?

The opportunities in terms of education, access to information and connections that the Internet offers, mean that the next generation of leaders can come from anywhere on the globe and work and develop anywhere. There is much more geographical mobility than before.

This is a great opportunity, in particular leaders that come from developing and emerging countries.  But it also creates the challenge both for future leaders and for countries on how to retain talent.

The playing field is not level and the challenge for the next generation of leaders will be to apply their skills for long term benefits in the countries or regions that they care about rather than just where the best and easiest opportunities are in the short term.

There are times where you have to leave to blossom as a leader but there are other times in particular times of crisis where staying is a necessity both for yourself and for your country. Dealing with this will I believe be a real challenge for the next generation of leaders.

What do you want to give and get form the YGL community?

To the YGL community, I want to give some of my time to be an engine that helps change how entrepreneurs are perceived in the old economies of Europe and drive not only a policy change but also a real attitude change towards entrepreneurs in these countries. Embracing entrepreneurialism is a force for social good and change.

I also hope it will be a great platform to meet new people I can share with and learn from.

I would also like to congratulate Martha Lane Fox (UK digital Champion appointed by the UK government who was the co-founder of and my boss when I started my career there) and is also in this YGL class of 2012. Martha and Brent gave me my first chance at and Brent (also a YGL but from a previous year) also helped me start eRepublik Labs.

Today I just read what I think is the best definition of what a CEO’s job is and should be. It’s taken from a blog post by Walt Mossberg of AllThingsD about Steve Jobs. Regardless of wetter its an accurate definition of what Steve Jobs did, it really resonates with me as being exactly what a great CEO should be about.

Here is the quote:
“He did what a CEO should: Hired and inspired great people; managed for the long term, not the quarter or the short-term stock price; made big bets and took big risks. He insisted on the highest product quality and on building things to delight and empower actual users, not intermediaries like corporate IT directors or wireless carriers. And he could sell. Man, he could sell.”

You don’t need a manual on how to be a good CEO, focus on the above and you are off to a pretty good start. Add to this “never never never give up” and you have a pretty good entrepreneur.

You can find the full post on “the Steve jobs I knew” here on the AllThingsD WSJ blog. just uploaded an interview that is a few weeks old, where I talk about eRepublik, social games, angry birds, having a company in Ireland and Apple.

Main points are:
– eRepublik going well, social games: 60% of social games players are women (not the case for eRepublik).
– Social games and Facebook: If you do social games make sure you are on Facebook but be careful not to have your business depend to much on one company.
– Angry birds, 45k to MVP, 75 million $ annual turnover (rumored), not bad. Practice does make perfect (Rovio developed tens of games before this one)
– Who would have said 10 or even 5 years ago that Apple would lead the way in mobile gaming!

The early days, trying to do angel investing in Romania: 2007-2009

I have been taking it easy on the angel-investing front in the Romanian market for the past 12 months. Actually I thought I was going to stop investing in it for a while so I could better concentrate on developing existing local investments such as Trilulilu, (not really a local investment anymore) eRepublik and other smaller ones. This is because most of my investments locally have been very different to the usual spray and pray approach of angel investors.

When I first started looking at the online market in Romania, about 4 years ago, the scene was dominated by large groups that saw the Internet simply has another vertical and just bought majority stakes in as many copycat projects that they could feed to their in house media houses.

This with a few exceptions resulted in poor companies, entrepreneurs that became project managers, selling out their “dream” for a few ten of thousand euro (enough to buy an apartment at the time) and in some cases some nasty bankruptcies and unhappy investors. This created a lack of motivation and more importantly learning, a lost generation of Romanian entrepreneurs and low quality online companies with very little innovation or international potential. You can’t learn to become an entrepreneur in a big structure where your company is just a project of a larger group where you don’t hold equity. The moment you make that move you are an employee, not an entrepreneur.

So although I wanted to take a different approach, a more Silicon Valley type of angel investing, taking minority stakes in great teams with interesting projects, I found it very difficult to find the right teams on the right projects. I kept receiving proposals either from people who thought starting a company and getting it funded was the same as selling a development project to a client or entrepreneurs who wanted to sell out before even having achieved real traction. There were some exceptions but very few, and one of the major show stoppers was many of the better entrepreneurs could not concentrate on just one project and would do several at the same time. I know what it takes to build up a great company and you can’t lead 2 at the same time (hard enough already to lead one and look after investments in others J. So I would always turn these down and advise them to focus on one company only and then come back. Of course very often this was not their fault, these entrepreneurs needed the income from one of the companies (usually in the development services industry) in order to fund the other.  Problem is that they didn’t really realize that in order to get the funding they absolutely had to focus themselves and their team 100% on the new venture. The ones that had international projects, I advised to just go abroad, participate in international start up competitions and not raise money locally. A few followed that advice (no merit there, I’m sure they would have done it anyway without my advice), managed to raise funds (in some cases from personal friends of mine) and are making the right connections to make their current start up or the next one succeed, opening the way for other Romanian entrepreneurs.

As a result of pushing this type of entrepreneurs with an international project to go to start up competitions such as LeWeb or programs such as Seedcamp, I may have missed the opportunity to invest in companies such as Ubervu or Brainient but I don’t think Emi or Vladimir regret having gone instead directly to Seedcamp. They had the type of project that simply would have been way to hard to turn into a major success just from Bucharest (Congrats again btw guys).

And now the recent deal between Y-Combinator and Yuri Milner will I am sure create a few vocations (Note
to all other sugar daddies, Seedcamp sounds like a good European candidate for a similar deal), although I do worry when things start looking to much like an incubator. I do believe that entrepreneurs having to deal with all the sh*&t you have to deal with when you are bootstrapping with few resources for a certain amount of time are usually stronger as long as they manage to take themselves out of that situation fast and without someone having to hold their hand.

My first Investments in Romania: People and focus.

In time I found 2 entrepreneurs with personalities, backgrounds and projects that I felt had real potential, but they were very different ones.

One, was George Lemnaru his project, eRepublik simply didn’t exist, it was just an idea we discussed whilst I was meeting him for something totally different (an online e-commerce website), everything needed to be done, we actually even changed the concept quite a lot in that first discussion and it needed to go international right away to have any chance of success.

This was not something I could simply invest a minority share in and advise from time to time. If the prototype phase demonstrated the potential, it was clearly a project that would need significant funds to grow. And demonstrate it did! Within 10 days of launching we had 10.000 players from 30 countries and our first hacking attacks and crisis.

The result is that having raised substantial funding on top of my initial investment from international external investors, eRepublik is by far the company where I am the most involved, holding the CEO role and I am really enjoying the ride so far. Focus on one company = practice what you are preaching; I owe it to the other investors who have placed their trust in us as well as to the greatly talented and dedicated team we now have.

eRepublik’s growth although not free of hick ups and major challenges: hacking attacks, team building trough trial and error, design errors… you name the crisis, we probably had it at one point or the other;  has been great.

eRepubik now has over 2,2 million registered users from all over the world and growing (yes many are no longer active but that’s the measure all browser games give). It is a truly international company with offices in Dublin, Madrid and Bucharest and a team of 30 great people that have acquired considerable experience and know how and more importantly work great together. Less than 5% of eRepublik revenues come from Romania and we have sales in over 120 countries. As a part of this, it has been a challenging but rewarding experience to build from scratch with George Lemnaru an online games development studio in Bucharest. I’m looking forward to taking eRepublik to the next level now, leveraging what we have achieved so far.

The other was Sergiu Biris; Trilulilu’s story is different, by the time I had spotted Trilulilu (through a cover story on a local magazine: “Business Magazin”  it was 11 months old, one of the top 15 sites in Romania, already had buy out offers on the table and virtually no revenues.  Still, in that case, the initial idea was to actually simply be a minority investor and do an angel play.

So I took a 10% stake in the company. The team was great, and the project had clear traction, it was a no brainer. I had not counted with the fact that within 6 months there would be new offers on the table to buy out the company. Although the offers would have given me a great return on my investment, working with Sergiu  Biris over that period, I just knew he could take Trilulilu much further, so I simply decided to replace that offer taking a majority stake in the company but leaving a significant share to the founding team and Sergiu in particular.

Again is not your typical angel investment since I also took the non-executive chairman position and although my role is much more limited to the one I play at eRepublik I am more involved in the company than a typical angel investor. Still I make sure that this does not represent more than 24 hours per month. My international expertise is much less needed here, so Sergiu pretty much runs the show and I play more of an advisory role stepping in only when I can truly accelerate things. is a very different company to eRepublik, at the moment it is a truly local play, the largest Romanian site according to SATI with over 3,5 million unique users per month. I am really impressed by how it has grown and what Sergiu and the team  have achieved and what they are planning. I am convinced that will surprise many in 2011 and seriously leverage the leading position it has built. and the emergence of real angel investing in the Romanian online market:

This means that so far, although I wanted to do at least 2 investments per year locally, I only managed to do one small real angel investment in Romania: where I simply liked the entrepreneur: Mircea and followed the hunch of Alexandre Almajeanu a great angel and friend who was the lead investor. I follow from a distance but I am pleased to see the progress of the company in what is still a small market that is ripe to grow substantially over the next few years.

So this is why I am really happy that I have finally found another company with a great entrepreneur focusing 100% on a high potential project to invest in: Tjobs.

You can find the full details about the company and investment in the Tjobs press release here (Romanian Press release)

Basically I think it’s a great entrepreneur & team with exactly the right background taking an innovative approach in a market that already has a proven business model (online jobs) but was not being done properly online for that particular segment (providing jobs abroad for Romanians).

Tjobs will have many challenges ahead but I am confident it has a good chance of being a major success and it is already showing great traction.  More importantly perhaps, it will change many lives for the better and give many Romanians the chance to find employment abroad much more easily, in a safer more efficient and transparent way and with better conditions (the “T Standard”). Thousands of people have already seen their life change thanks to Tjobs.

Clearly the Romanian online market is maturing. Andreas Cser another fellow angel investor and friend, spotted T-jobs at the Biris Goran first Venture connect event in June 2010.  I had seen it to and found it interesting but I was to busy to follow up properly and Andreas is the one that really followed trough and convinced me to co-invest.

This is exactly how angel investing works in the Valley and Western Europe. It is very rare that an angel investor will spend a lot of time studying a company; usually one lead angel will do most of the work and get others to join him. This is what I did at eRepublik where we have great angel investors but very few studied deeply the investment case (they trusted me and the first lead investor Brent Hoberman) and none are involved in a day-to-day capacity (although some do help with advice and contacts when needed). This is great for the entrepreneur because it saves him time and gives him more c
ontrol and access to wider know how when needed.

The fact that such deals are now happening in Romania is a clear sign that things are finally moving in the right direction and entrepreneurs more mature. Although I first saw Calin Stefanescu pitch last summer, from the moment Andreas was in, it only took me one face to face meeting with Calin and a phone call with Andreas on terms to make athedecision to invest, 1 week. The fact that the paperwork was handled by a law firm that knows the space (disclosure Biris Goran advise Erepublik and Trilulilu in Romania as well as other companies I am involved in) made a big difference. The gain of time was considerable for all parties involved.

The emergence of events like Venture Connect in Romania is in my opinion key; they really give entrepreneurs a platform to learn to pitch to investors correctly (and prepare for larger start up competitions) and for investors the possibility to see quickly what the Romanian online Internet start up scene has to offer. I strongly recommend this type of event in particular if you have a local early stage start up project.

But very few international investors will be interested in a local early stage start up, they want to invest either an international market play or in mid to late stage growth plays. Actually I think that in the next 18 months we will see several growth investments in local leaders. We will also see the first trade sales or partial exits above the 10 million euros mark. Several investment funds and companies are turning their attention to the Romanian online market and a few start-ups are reaching substantial sales levels and reach. Romania is after all the 2nd largest Eastern European Market in the EU after Poland with 22 million people and has one of the best broadband services in the world. In Romania, a lot more value is going to be transferred from the offline world to the online world than most people think particularly but not only for advertising and e-commerce. One simply has to look at what has happened in western countries.

This means that if you have an early stage start up you should either focus on the international market or practice and eventually get your first investors (preferably ones that are truly well connected internationally) in local events but quickly put yourself in a position to pitch and eventually move to London or other such emerging European internet hubs.

If you have an early stage start up focusing on the local market, there are investors for great teams with great projects that sow initial traction but you will have better chances of scoring investment in local events either from local angels (and here are very few good ones still) or from the few international angels that travel to these and may be interested in a local market play. But you need to have a clear shot and vision to reach the growth stage very quickly because that is where the action will be locally.

And remember with TJobs done, I still want to make one early stage investment in 2011 in Romania and two in 2012 so don’t hesitate to contact me if you think you have what it takes to be the next big thing (I prefer B2C to B2B).

I was invited last week by the legal firm Biris & Goran that helped me in parts of the eRepublik Series A round to talk at an event: “IT Start Up How To” they held at the Novotel in Bucharest.The event was very well organized with interesting questions from the audience. eRepublik was out in force amongst the speakers as one of our angels: Alexandre Almajeanu as well as Guillaume Lautour the Partner at AGF PE that is on the eRepublik board also made presentations.Guillaume’s presentation was very clear in terms of what European VC’s look for in their investments and I would recommend you check it out. Guillaume’s explanation of all the incentives built by the French government to help private individuals invest in start ups was particularly insightful and I hope somebody who could make some of these things become a reality in Romania was listening 🙂Ana Maria Andronic from Biris & Goran had an interesting presentation concentrating in particular on IP and copyright giving loads of useful free advice and Vlad Stan a local angel that started seedmoney got a few laughs from the audience with his YES presentation but not as many as Alexandre Almajeanu with his creative use of picture in his presentation, including spiders and the Eiffel Tower.Big thanks to Christian Mindru and Dan Visoiu from Biris & Goran for putting this great event together.Ps: You can find my slides below and all of the other presentations are available on the Biris & Goran website here:

Building Upon An Idea

View more presentations from alexisbonte.

Just wanted to share this show hosted by Jaston Calacanis, a little slow to start but really excellent content going forward. If you have a start up are starting one or would want to start one.  Straight no bull shared experiences and advice, his guest, Seth Sternberg (Meebo co-founder and CEO) is also excellent and I agree 100% with his philosophy for building a  company (or at least what he is sharing here). Was also particularly interesting for me as we are looking into chat right now.

Congrats Jason, I’ll be watching the next ones.