… first $100M in seed since 2010 in only 25 companies, not following traditional spray and pray rule. And 3 have already become what we call internally zebras, i.e. wildly profitable unicorns (think $100m+ebitda in aggregate for startups who did not exist prior to 2010). We spent countless hours focusing on refining our founder pattern recognition to get here. We’re f…
We were the only pre-seed fund to invest in Peak in 2010 with €500K at €2M pre-money. The company raised <$25M in total in the last 10 years, resulting in amazing economics for the founder, and 200x+ return on Hummingbird’s first ticket.
…ng for overeager VCs and street gossip. Building stuff instead of having to manage their ecosystem. Turkey was surely cheaper to operate in for Peak, but more importantly, it could not take Valley rules and dynamics for granted, which allowed for a first-principles based building of a true core culture.
Turkey was off-limits for investors. Nowadays, exceptional startups can come from anywhere. Far away from the epicenter of most tech innovation, away from FOMO, one can truly question golden rules of thumb and take the time to build a radically different culture.
The company went from a local game publisher to local game developer, to global game developer in the first 5 years. They worked with incredible grit in between these pivots with many years of flat revenues.
…rumdan çıkmak için sakın çok güçlü olmanız gerektiğini düşünmeyin, zira öyle değil. Bunu ben değil, 1864 yılında bir adam söylemiş. Charles Darwin “Survival of the fittest” teorisinde, çok güçlü olanların değil, en kolay adapte olanların hayatta kalabileceğini söylüyor. Bugün, bu gerçekliği daha da iyi anlıyor ve hatta yaşıyoruz.