Andrius Milinavičius on Innovation and startupsFounder, mentor, speaker, biohacker, friend.3 months ago
When you suddenly understand the power of virtualization! Today, Zoom, a videoconferencing tool is worth more than 7 biggest airlines. Can we grow more these kind of solutions?
Zoom is Now Worth More Than the World’s 7 Biggest Airlines
www.visualcapitalist.com
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Andrius Milinavičius on Innovation and startupsFounder, mentor, speaker, biohacker, friend.3 months ago
Potentially a breakthrough in the plastic world. Degradable packaging to replace the usual plastic bottle. Will we have to consume more and faster or that will actually give our planet a chance to breath?
New Plant-Based Bottles Backed By Coca-Cola And Carlsberg Will Degrade In Just A Year
www.unilad.co.uk
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Antanas Bernatonis on EU funding opportunitiesHead of Business Development @Montonio |Fintech|POS|B2BSales|BD3 months ago
🚀EIT calling innovators! 🚀 🔉Great opportunity for startup's and SME's to get financing for the further development of their innovations. Check it out: https://eit.europa.eu/news-events/news/eit-announces-eur-60-million-crisis-response-initiative
€60 million Crisis Response Initiative for Europe's Innovators
eit.europa.eu

Gabija GrušaitėAuthor of Stasys Šaltoka, Co-Founder of Qoorio & Vieta
This is very interesting!
Dalia Bagdziunaite on Research & InnovationNeuroconsultant // Researcher // Behavioral Strategist // Educator3 months ago
Speculative design is an incredible field aimed at starting the discussion about big societal issues by using collective imagination & fiction. This type of design is used to help to facilitate co-creative processes and foster innovation. If u want to know more about how speculative future scenarios can be used in business or policy-making settings, I strongly suggest to watch the following video
Speculative Futures: A Plea for Collective Imagination (Ellery Studio) |Virtual Design Thinking Camp 2020
vimeo.com
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Justas Janauskas asked me: "Mangirdai, I would love to ask you a question and you to answer it publicly. Can you explain in simple words what GPT3 is, how it works, who can use it, and what can be done with it?” My answer: GPT-3 was released in the beginning of June by OpenAI. It is an invite only API. GPT-3 is one of the most hyped tech in recent years. My opinion it is overhyped by new startups trying to use the hype for product launch or money raising. Let’s dig deeper. GPT-3 is transformer based language model. It is a successor to GPT-2 and GPT-1. Transformers type neural networks are an ongoing1 trend demonstrating better performance. GPT-3 idea is simple - it is trained to correctly predict the next word in a sentence. Model could be adapted to other tasks as well. GPT-3 works with text. It can answer questions, generate articles. Even translate text terminal commands or generate code(although such demos should be taken with the grant of salt). GPT-3 real innovation is its ability to adapt to new(unseen) tasks. Good results or sometimes state-of-the-art results could be achieved showing only 16-32 new task examples. This is important - training neural networks from zero is very hard. GPT-3 API lowers the barrier for product development by small startups. Unfortunate model is not open source and available as an invite only API(API will be paid going further). On the other hand similar results could be achieved with GPT-2/BERT/other models with custom training. Some good reviews so far: https://blog.rasa.com/gpt-3-careful-first-impressions/ https://minimaxir.com/2020/07/gpt3-expectations/
GPT-3: Careful First Impressions
blog.rasa.com

Thomas DesimpelAngel Investor, Polyglot, Real Estate Investor
Thanks for sharing Mangirdas Adomaitis I learned something new and interesting 👌
Mak Jian Min Edwin on Startups & FundraisingAssociate at Burda Principal Investments | Ask me about VC and Asia!3 months ago
Was watching ‘The Half of It’ on Netflix last night (great show!) and a particular quote stood out: “... the difference between a good painting and a great painting, is typically five strokes. And they are usually the five boldest strokes in the painting. The question of course, is which five strokes?” So often in meeting startup founders, we talk about how to do X, Y and Z aimed at improving certain metrics. While incremental change is good, it’s often the big moves and pivots that make a difference, e.g. Slack started as a gaming company. If you’re a founder, what’s your bold stroke? Are you prepared to ruin a good company to become a great one?

Lina LinkeviciuteTheatre Director [email protected] Paintings/Luxury Business Professional
I love this « Painting « 
When you follow your curiosities, you will bring passion to your new careers, which will leave you more fulfilled. And by doing more than one job, you may end up doing all of them better.
Why You Should Have (at Least) Two Careers
hbr-org.cdn.ampproject.org

Gabija GrušaitėAuthor of Stasys Šaltoka, Co-Founder of Qoorio & Vieta
Oo, love this!
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Last weekend the trendy email hey.com has been released. With great new features and most importantly the protection of personal data. Our data becomes as an asset to pay for “the free of charge apps”. However, not with hey. I’m really tempted to pay 99$/year for this new email. What would you do?
HEY
hey.com

Kamile ValatkaiteLegal tech enthusiast
Povilas, thank you for recommendation! The additional features that I like with hey: - First contact check if you wish to keep receiving emails; - Structre and emails allocation according to the content; - Emails labeling; - You can extract all emails from one particular person; - Function leaving an email to answer later and it will send you a remainder.
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What is your approach for the upcoming year? Keep saving or start investing. My favorite LegalTech tool LawGeex – contract automation tool backed by AI this month has raised 20 Million USD round of financing. Even if the worst days don’t brake the investment deal, it makes me to believe that the future must be in #legaltech. I will keep investing my time on the subject. Continue reading:
Three Legaltech Companies, All in Contracts, Have Financing Rounds, for Total of $26M | LawSites
www.lawsitesblog.com

Fatima KhechaiMindset coach & Branding consultant
I am for online commerce Justas Janauskas but I still like going in stores and "touching" products.. I agree with the change, we see it, our role is to ease others to make it as less painful as possible.
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Marius Čiuželis on Sidabrinė linija (the Silver Line)Investor / Advisor / Social Entrepreneur3 months ago
Social projects/initiatives/acitivities or, to simplify, philanthropy has no built-in systemic forces to motivate continuous improvement. The absence of external accountability is what gives philanthropy its freedom to experiment, take risks, and pursue long-term initiatives on society’s behalf. At the same time, it also means that if you as a philantropist do not demand excellence of yourself no one else will require it of you. Philanthropists can and do support almost anything, from educating school children, to carrying homeless dogs and/or disable and/or elderly people, to giving people the information they need to take action on their own behalf and on behalf of others who may be halfway around the world. This absolute freedom is philanthropy’s great strength, in that it allows donors to express their individuality, creates room for innovation, and provides support for the myriad institutions and centers of power and activity that characterize democratic societies. But it can also become its Achilles’ heel, when a donor’s gifts are spread so thin that none of them ever amounts to very much.
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Lina Kvizikevičiūtė on Working at the startupDigital Marketing | PPC | Google & Facebook ads spec2 months ago
What is a startup? Sometimes people raise a question why new business is not a startup and what defines a startup. The answer is easy. "Startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. The only essential thing is growth. For a company to grow really big, it must a) make something lots of people want, and b) reach and serve all those people." Paul Graham Read more on paulgraham.com/growth.html

Gabija GrušaitėAuthor of Stasys Šaltoka, Co-Founder of Qoorio & Vieta
Vaidas Urba I want to hear your story as well!
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What’s the next big thing for Qoorio? That is the question I was discussing with one of my colleagues yesterday. We initially started with a simple app that allows people to buy & sell their knowledge. It worked partially because only a few people were receiving requests for their knowledge from strangers. Today we are moving to a much more sophisticated product, our current big bet. Instead of being a simple knowledge trading app, we are becoming a human to human learning network. We are adding features so people can express their thoughts and stories through the app and learn from and about each other by reading those stories. And if they want to go deeper, they can do that by arranging a 1:1 talk. I feel this is huge. Recently I tried the old version of Qoorio and then a current one - and, indeed, the current one is more alive, more human, more interesting. Very qoorious to see what will be the impact once we finish the transformation. However, our journey will not be finished, and we will need to keep innovating and to come up with a bet on the next big thing. What is that thing? We don’t know yet. However, we are looking at one particular element of Qoorio experience. As we are creating tools for people to express their stories through insights, we see some people already are engaged in it. However, we feel that many people struggle to create & share their insights. Why? They say they don’t know what to write or think they have nothing to say. On the other hand, every human being is an endless book, and everyone has endless things to say. How to open that book? I can relate to people who don’t know what to write on Qoorio, and I haven’t shared anything meaningful for about a week. Is it true that I have nothing to share? We are building Qoorio, so many things are happening every day, and for sure, there should be something to share. I have a topic ‘Building Qoorio’ on my profile. So far, it has only two insights, nonetheless, we are building it for 1.5+ years. I could use this topic and just document my thoughts every few days. Just like I am doing it now. I also noticed one person has created a topic ‘My startup journey’ and has shared his thoughts on his journey. That was lovely. My colleague said that he will create a topic ‘Boating’ and will document his journey from never boating to having a boat license and boating many times. I would read that with pleasure. Does authentic storytelling, documenting & sharing your thoughts, journey, events can be an answer to the question of what to share on Qoorio? I don’t know yet, qoorious to learn what do you think about it?

Justas JanauskasCEO @ Qoorio
Videos are coming soon. And web is planned after we figure out product on mobile.
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Justas from Qoorio asks: “How does the life of a founder differ from an engineer’s life?” Me: Given that my role was highly specialized at Facebook, I would say the biggest change is the range of responsibilities: as a founder you need to to wear multiple hats - coder, sales rep, content writer, recruiter. It is sometimes tricky to prioritize on what things will actually move a needle. My first focus is helping clients, improving product and collecting customer feedback. One other practical aspect is motivation. At Facebook, It was healthy mix of internal and external motivation, such as salary. As a startup founder, you are mostly accountable to yourself for your decisions and results, while the rocket growth phase usually does not come in first few years of startup. Thus you need to find your way to feel motivated: whether its celebrating milestones, appreciating positive feedback from customers, inspirational podcasts or smth else - whatever works for you. Finally, after getting used to cozy comfortable life at Facebook with all benefits, now I am back to making down to earth decisions - what do I eat today (no Facebook cafeteria)? Where is the closest gym? Where do I pay my phone utility bill? Can I drop off my laundry and pick up tomorrow? These small things add up and take my time, and I didn’t appreciate enough when I had this taken care of.
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Passion, commitment and stamina. I am always open to meet new talents who I may ultimately want to see working with me. But often i fail to see these traits: desire to succeed and willingness to do whatever it takes to solve particular problem. For me, this is very important aspect to be in startup and may be dealbreaker to become a team member. For example, few people i met talk about doing multiple “projects” at the same time. I just dont think how it works in startup world - to begin with, how can you communicate to others that the problem you are trying to solve is most important for you at this time, if tomorrow you will talk about another problem? Others talk about attracted investment deals, startups they sold as an ultimate goal and success metric. I care more about this: did you create value with your last venture abd solved some problem nobody solved well before?

Vilius VisockasVilnius real estate geek
2 people + in hunt for product/ui designer (immediate urgent need)
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Hi qooritos! How to train your creativity muscle? A vital part of today’s startup is content marketing. Not only you show that you an industry expert with interesting insights, but over time can share long term vision and it becomes easier to lead others. Unfortunately, you cannot get lots of help from copywriters, since they will be telling their version of future, not yours. So how to keep those content ideas coming? Sharing what works for me. First, always be for lookout for some interesting ideas: whether its a chat with friend, colleague, or news article. The world is full of ideas and as an expert you will naturally react to it. As CEO, you will get privillege of exposure of even more ideas: feedback from customers, employees, industry experts. Some ideas resonate with you, some are b*#&! - either reaction is great. Mark all of them down on the paper so you don’t forget. You will likely discard 90% of the ideas as not newsworthy, but thats ok! Train you creativity muscle. My friend shared the story of Onion writer, who had to produce 25 content sketches per week. No excuses. Initially it sounds hard or almost impossible, but after few weeks it becomes as normal as brushing your teeth. The awesome side-effect is that this creativity spills into product as well. As long as you can filter out crappy ideas in objective way - you are good! Finally, some ideas expire. My product and industry (CityNow - real estate interactive map and news outlet) is changing rapidly. Sometimes I look into sketches of content which I started a month ago, and don’t get excited anymore to write about it or the news are no longer relevant to the audience. It feels like fishing - the fun and productive part is 1% of the time spent. But maybe tomorrow you will get inspiration for your best PR idea? Ready to train your muscle? Write us ([email protected]) your 5 ideas, how you would improve CityNow product and help us. Also let me know what you would like to hear about and lets make it interactive :) Cheers
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Small market: curse or opportunity? In my opinion, frequent mistake for founders is aim for very big market immediately. While prominent tech figures champion approach "go big or fail", I argue that each startup has some growth stages which it needs to complete before it can proceed to the another step. Your goal should be to become monopoly, as otherwise it is a very tough space to be as startup and become 10x better than other existing solutions. Therefore, initially you should define your market as narrow as possible - the strategy which may sound counterintuitive. For example, our product CityNow.org - real estate map - quickly became a leading platform to find new construction home in Vilnius. The market is restrained, since 30% of transactions are in new primary market (new construction) and 80% in Lithuanian sales in its capital, Vilnius. Such strategy allowed us to win and we can now expand to other markets. So many startups tried to compete with major listing real estate portal and failed, since they were doing exactly the same thing for same large market. When you are a monopoly, good things start to happen - word of mouth, referals, negotiating and pricing power. My advice to all other founders would be to redefine and narrow your market until you become a monopoly and stay here as long as possible. Good luck :)
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Andris Berzins on Get feedback on your future startupVC investor, former startup founder, startup activist, weekend warrior3 months ago
Building a startup is hard. But there are great lessons to learn from other successful teams. On their tenth anniversiary the Supercell team just listed ten +1 great pieces of advice for building a great company. Almost all applicable to any business: https://supercell.com/en/news/10-learnings-10-years/7436/
10 Learnings from 10 Years × Supercell
supercell.com
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Kamile Valatkaite on Start upsLegal tech enthusiast13 days ago
Social distancinig according to your profession may vary. Interesting fact that lawyers are on the safe side.
Under 25 and Working? Social Distancing Might Not Be Possible
www.wsj.com
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Lina Kvizikevičiūtė on Working at the startupDigital Marketing | PPC | Google & Facebook ads specabout 1 month ago
This is my work table this week. Majority of time I work with digital media and I measure things a lot. I used to hear that all digital efforts, all ads are meaningless if we cannot measure their performance, their return on investment. That's true! 👍 But working at the startup brings much more random tasks on my table. It was measuring the needed size of vans for magnetic stickers this time. What's out of it? Always expect the unexpected (and embrace yourself for it)! 😊
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Justas from Qoorio asked: “Vilius, you were a very successful engineer, had a great position at Facebook. What made you come back to Lithuania and start your own company in real estate?” Me: In short, when my qooriosity to approach some problems in real estate industry became bigger than excitement to work on solutions at my organization at Facebook that was the moment when I decided to quit and start my own business. First, I am not outsider in real estate business. Back in 2006, I was market analyst for the biggest real estate development company in Lithuania. I knew what are the biggest pain-points (not vitamins) while working on my daily tasks. For example, one of the challenges is to collect market intelligence efficiently: track your competitors, their sales, determine market trends. When I started my business in 2018, I knew exactly what needs to be built and the journey was much straighter. Today the business is growing, adding new customers every month an expanding range of services. For almost 10 years I thought spending so much time in unrelated industry (I am software engineer) was wasteful, but now I find it super valuable. Second, throughout 7 years of career at Facebook, I gathered enough experience which I need to build new product. I grew up corporate ladder to become senior engineer and also tried management role. I took advantage of many training programs - one of key advantages of big-tech to get new skills. I worked with some of the most talented data scientists, product designers, researchers in the world and learned from them. I also have adapted culture from Facebook - good things take stamina and time to build. CityNow, new construction map I currently work, will take years to perfect - but I am commited to work it out :) Last, It felt that its time to give back to community where I grew up - starting from Vilnius, my hometown. It felt that I was net gainer from growing here (free education, medical insurance, no student debts, etc) and decided to contribute back by sharing my knowledge of building products, helping other to choose their dream home, and maybe - inspire someone else to go back to Lithuania and make impact.

Justas JanauskasCEO @ Qoorio
Very inspiring, Vilius!
Dažnai girdžiu:„Kur rasti gerų developerių?“ Jeigu taip ieškosite, tikriausiai nerasite. Neužteks nei hipsteriško ofiso, nei kavos, nei game of thrones ir star wars memų darbo skelbimuose. Nes tikrai geri žmonės neatsiranda čia ir dabar. O kas mestų darbą rytoj? Bet galiu pasakyti ko nepadarėte prieš pusę metų. Nekomunikavote apie technines problemas. Matote, mes programuotojai, ne visi norime pakeisti pasaulį. Daugumai iš mūsų įdomu kaip spręsti problemas, scalinti, refactorinti, pritaikyti naujausias technologijas. Būtent dėl to dauguma kompanijų rašo techninius blogus. Neivestavote į ateitį be atlygio. Tos kompanijos, kurios turi ilgalaikę perspektyvą, investuoją į jaunimą. Pvz. Vinted ne tik organizuoja techlead meetupus, bet ir remia Lietuvos moksleivių informatikos olimpiadas. Tad, nors didelė dalis moksleivių už 3 - 5 metu dirbs Google, kai kurie - galbūt Vinted. Didžiosios technologijų kompanijos remia įvairias konferencijas, dauguma atvejų net nereikia paminėti kas 5 minutes, kad jie nupirko gėrimus ir traškučius. Neiškomunikavote, ko ieškote. Sakyti, kad ieškote programuotojų yra taip netikslu kaip sakyti, kad optika ieško daktaro. Šioje profesijoje poreikis specializuotis vis stiprėja.

Gabija GrušaitėAuthor of Stasys Šaltoka, Co-Founder of Qoorio & Vieta
Tiesa! Mums kaip jaunai kompanijai labai padėjo komunikuoti problemas, kurias spręs ir tai, jog tokioje ankstyvoje stadijoje kiekvienas programuotojas daro didelę įtaką augimui. Aišku ir kompanijos vertybės, kurios nėra tiesiog fainas vibe, o erdvė augti.
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