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German Startup Awards 2021 — Special Award
The secret to winning is to have the right vision. To bet on the right pattern. … the execution is a lot about the nitty gritty details.Lukasz Gadowski, Winner Special Award German Startup Awards
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It is not desirable to sell a company. … there may be instances where it makes sense. … there are exception to every rule.Lukasz Gadowski, Winner Special Award German Startup Awards
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My decision where to study was already tailored towards being an entrepreneur.Lukasz Gadowski, Winner Special Award German Startup Awards
Media Partnership
This interview is in media partnership with the German startup association (Bundesverband Deutscher Startups https://deutschestartups.org/). Their German Startup Awards (GSA21) honor each year outstanding female and male founders and investors in special categories. You can learn more about the winners in our interview and on our website:
It always starts with a general pattern. … if you want to get ideas in a specific area, expose yourself to this area.Lukasz Gadowski, Winner Special Award German Startup Awards
The Founder
In this interview, we talk to Lukasz Gadowski (https://www.linkedin.com/in/lukaszgadowski), one of Germany’s most successful serial entrepreneurs known as one of the co-founders of Delivery Hero (Lieferheld) or Mr. Spex. He received a special award for his special merit in and for the German startup scene. Among his many ventures, he co-founded or is invested in are Spreadshirt, studyVZ, Point Nine Capital, brands4friends, Aroundhome, Vertical Media (Gründerszene), the escooter startup Circ, Volocopter, Enpal, Mr. Spex and of course, Delivery Hero. He works with his private investment company Team Europe https://www.teameurope.net/ During his interview he also shares insights in big enablers shaping the future, which will opening up opportunities for entrepreneurs. He also shares advice for entrepreneurs on how to win, even if you are entering a market late.
Congratulations to Lukasz! Tune in to the interview to learn more.
All of us need to eat. That is why there are so many restaurant ideas out there.Lukasz Gadowski, Winner Special Award German Startup Awards
I think Circ went from zero to 1.000 employees in 15 months. That is what I would call hypergrowth.Lukasz Gadowski, Winner Special Award German Startup Awards
The Video Interview is set to go live on Monday, September 6th, 2021 at 17.00 CET as Labor Day Special Episode
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This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
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Transcript
[0:00] Music.
[0:08] Startuprad.io, your startup podcast and YouTube blog covering the German startups.
[0:14] With News interviews and Live Events.
[0:20] Hello and welcome everybody this is Joe from celebrated I owe your startup podcast and YouTube blog from Germany as well as two words firstinternet radio station dedicated to startups and tech companies today I have for you guys a very special guest who also receivedthe special Awards I off the German startup Awards 2021 hey lukasz how you doing,good doing great great student to be here with you it’s totally my pleasure I have to admit many people outside will not know you personally but totally the companies we will be talking about soonwhich is also the reason I do believe you got this special award and as the most people who have following this podcast can already tell this is a special episode in media partnershipwith the jumpstart of awards let us get a little bit into who you are because I’ve heard there’s a lot out to findabout you at least in German you are one of hundreds plots 50 most interesting Founders you or one of your trucks were 100 most important people in the internet in GermanyND Wonder special words of the term startup or Association 2021 so that is quite a lot but you’ve been,active quite a lot as well my understanding is we can start where you studied.
[1:48] Patapon very close to the area where I grew up in Manheim the handles will surely I’d say she’s a KHLplus you spend some time at Georgia Tech can you tell us a little bit about you and pick up somewhere there because I do believe there’s a special occasion in the library of the University of Mannheim we’re going to talk about it.Yes we can the first successful company that I started but also there were special occasions in paderborn the first non successful companies I started to First very valuable learnings.HL all of these universities there were special moments.
[2:28] For me yeah but I think what might be interesting for the for the for the audience’s that basically the selection of where to study already was with the goal in mind to become an entrepreneur.So Paragon most of you will not know it is a small city in North rhine-westphalia and they are very well rank for computer science and business double.
[2:49] And their ranks are great for that because of their Justice like amazing computer science students and curriculum and that’s why yeah why I studied there,prepare myself with some Technology Innovation double major one of them is like Technology Innovation yellow one’s business,so the sort of like the content the product which is the technology and the craftsmanship the value of the MBA paths through say to become an entrepreneur,so this explains my basically yeah where I stated why I studied and all of this universities have been exceptional and,one of the other things I enjoyed Georgia Tech lot was also my first time in the United States and yet prepared me to become,what yeah without gravity can say today is successful entrepreneurial and I was already hinting at this special moment at a University Library in Manheim from theinterviews of hurt and seen before when I prepared for this interview you found it spreadshirt you first successful as you said startup in the University Library there can you take us a little bit through yearsthought process there.Yeah so like again it starts with the general pattern when you expose yourself to situations where you can get ideas so if you want to have ideas about science and technology expose yourself to something that is related to that you know.
[4:16] And then one big question for wannabe entrepreneurs is like what’s the right business idea or what should I found so if you expose yourself to real-world problems can you find,a real world situation so to say you find Solutions yeah and all of us have experienced with.Eating food for example yeah that’s why so many people who want to start a business have restaurant the restaurant type of ideas yeah.And for me it was like during while still at my first UniversityI was working as a student consultant okay there’s like I can like you can imagine like a consulting company compromise comprise out of students yeah this exposes you to real world problemshow to build a team what the customers want to Tara and one of my customers one of my clients was a textile printing company,and this is where I learn about text printing textile printing t-shirts and they’ve seen the problem,I saw the problem and I saw the solution the problem was like single pieces are so unique pieces unique Trend faster around high quality,and this is ages ago,20 years back then digital printing was not what it is today so the stuff get your receive was really really crappy and that was our Innovation stretch should we make like Fast turnaround you would send you a t-shirt customized teeth within 24 hours.High quality.
[5:38] And also on dark fabric Etc and affordable yeah and then also we combined it with the business model innovation.You can design you can create your own t-shirt shop to do say.And this gave us like sort of like a distribution for free it was like a little bit like small website owners could create a t-shirt shop and this was the first successful business that I started and brought me on the path to.Yeah become with a proudly can say like one of the inspiring and Japan in Asia and Europe and this is what I think is reflected in some of these.Some of the other Awards here and one of the early thinking there was.
[6:22] So soon after launching this concept.Yeah a friend can’t even look at and set like Lucas really doing is great and look here in the United States there’s a company called capture terrorists are doing a to your CafePress copycatit’s not even okay I’m a copycat I’ve never heard of them before,was not a copycat they had like this white t-shirt print different printing technology but they had this shop partner thing here and back into thinking was okay if we stay in Germany if you stay in Europe at some point the United States companies will come over and will crash us so.It’s hot but before waiting for that to happen let’s go and expand to the United States yeah,so being a brute striped t-shirt printing company we take the daring step expanding to the United States I went over personally first to Louisville that and whatever whatever reasons we ended up in it could spur close to Pittsburgh.So and I know a few nice places in the United States not only the typical costs yeah study drug attack.Build a business in Louisville 10 and then in Pittsburgh so and lots lots of fun but then we ended up being one of the first clients of the Facebook basically selling T-shirts online.And this is what inspired us this time I have to admit.
[7:34] We started a copycat like a Facebook copycat then for Germany called the urge to default set which very quickly became one of Germany’s largest websites basically.Adapting what Facebook did for the for the for the German market and for the German Market it was even a bigger utility remembered today Facebook social media all take it for granted this was the world back then this was 2005,none of this existed it was a tremendous value to bring this transparency enabled this communication.I mean I started business in the time there was no LinkedIn it’s so practical today it’s like amazing yeah so just was then the next Innovation yesso one Innovation leads to the next little bit the message here too.
[8:20] Yes,as he said Louisville that’s right the Louisville Kentucky right my brain just short circuit bourbonand but then your dad be yeah I totally admit they’re very nice places in the United States outside the coast,also where I studied in Texas there’s some very nice places go Midwestern State by the way and basicallyI was I was also one of the users of stratified set back when I was studying in Texas 2006 basically I had a Facebook account at this time you could only get itwith a college email and then I also kind ofcopied my idea there and did everything the same into default set just in German,you you sold it to Hot Spring Ventures and it had someiterations afterwards stratified set mindful Ted got expanded and so on and so forth it wasn’t that successful then do you have any ideas what the new what the new ownersdid wrong would may have worked for them as a strategy.
[9:37] First of all what did the old owners what did us as a co-founder founding team the drawing yet but one thing is like we I think we limited ourselves selling it to the wrong party yeah and if we would have been strong enough.
[9:52] Good enough would not have sold it at all and maybe it would be a little bit of a different world today.The second-best option would have to be to sell it to Facebook and would have in the would have become something great and we would have been closer together with the with the to Facebook.Founders Etc so we had an offer from then basically we decided to turn it down.And together with some of our business angels back then and sold it to a German newspaper instead and what I learned from that is like.
[10:26] First of all it’s not desirable to sell your company right sometimes still.I know I deserve to have an exit we sold I think it’s desirable to build something like large large independent company that’s what’s desired like Facebook is great right all the smaller social networks that maybe made some some money being exited yet.It’s nice it’s a great success for the founders but it’s not the same.
[10:52] Yeah order of magnitude engine being becoming a Facebook so that’s that’s,that’s one learning when learning the area and this comes also with in with with an ecosystem.The United States the ecosystem for entrepreneurship for business for Venture capitalists like it’s like I had your ad so I think like when when Mark Zuckerberg when they have you an offer to sell Facebook they resisted I think back then it was like a billion plus three Revenue right they resisted,we have an 85 million euro plus three Revenue inflation-adjusted probably something like a hundred fifty two hundred million today,you took it yeah and then the new owner did not really know that if not experience in digital they can neither experience in Digital internet nor they’ve been experienced in MA.And the combination of the two,let’s basically to going down people in Germany say like oh yeah you lost against the Facebook because of today Facebook is also the standard in Germany.
[11:52] Until the dead always know we didn’t lose anything against the Facebook we basically screwed up the other day integration we lost about against ourselves we lost against execution yeah so.If you can imagine we divested something that was existed for 14 months and life for 10 months we divested for this back then 85.And one year after the new owner acquired it they’ve been only one or two engineer’s left.Compared to when he acquired his lost basically all the engineers and as you can imagine.
[12:26] Tech company that’s not good to survive so.
[12:32] It was almost like a feature freeze for a couple three years just keeping up with the demand no new features no no this not that.And Jeff Facebook gradually and to go via but.
[12:46] Still great learning for us great experience great success in Germany everybody not everybody but like a certain generation knows it because everyone was on the side so it’s pretty cool.And I think it’s still around even though I have not visited it for years you said you it’s not desirable to sell a company.
[13:10] When I look a little bit through your CV maybe it’s because it’s a little bit tilted towards the company you sell because then they become public and it gets newspaper coverage my understanding isthat you also been involved in founding of brands for friends which was sold to eBay,mr. Spex which by the way as we’re recording this just went public a few days ago so and it felt perfect.Yes of course and you’ve been involved in the founding of circuit a Eastwood Company which was sold last year to bird.All companies most people will know who follow us on a regular basis but you actually sold them even though you say it’s not desirable can you take us through your logic what you did there.Yeah yeah first of all I had to go to my own learning curve myself right and,that’s that’s one answer to that I’m very proud the very first company that that we mentioned spreadshirt the t-shirt company for example we didn’t sell yeah we still own it like us as Farmers we have investors but we still own it.And also the plan is to keep it like to keep it independent and.
[14:29] Some of these something that might be like special situations will make sense to sell because of something is on the wrong path or someone else indeed is the better owner so every rule has an exception,but but the good companies to Great companies usually defined us are the best at the best owners.And specific case specific case of bull brands for friends and Cirque I think we make mistakes while starting the companies by founding it we made mistakes in the DNA.
[14:58] Of the companies and put us on a dangerous path and we ended up having to sell so.And why it’s still a good success in both cases even to some extent may be extraordinary.And this is really like a as we say in Germany complaining on a high level yeah.Personal problems while it’s still good successes they’re not great successes I mean we sold best for friends was like shopping clap yeah fashion shopping shopping club,we sold like three years after incorporation 450 million to eBay is was like two thousand nine or ten and was sold here so.But what we had the opportunity was to create something that is worth in the Billiards so one hand yes success on the other hand we screwed up no and little bit the same I have to admit with.
[15:52] It certainly did not make it our vision was to build like this like this like one of the global leaders,and as an independent company and for various reasons we made some some.Yeah some I made I made some food choices in the original setup so second-best option and divest still a good success,still amazing amazing time we learned learned a lot for me also like Hardware skate Hardware Halo migrated Hardware.It was a great experience yeah faster time-to-market regulations within the city’s lots of great talent so like a big shout out to all of the all of the circle or night has quite a lot with drink,I told like we had think your boobs baby it went from zero to a thousand people in less than 12 months something like that.Both like within the headquarters are also basically people handing scooters on the street that’s.Quite amazing hyper-growth so amazing experience good success.But not not a limit goal yesterday ultimate goal large independent companies deliver here is the best example.And this is the biggest success also company that I found it co-founded yeah so this is now.
[17:10] And this is also why I’m when one more reason why I’m going on in Germany at least it’s one of the largest internet companies in Germany and now like market cap 30 billion US.Present in both.European countries but also Global very International so Middle East Asia Latin America will not in the u.s. not yet let’s see how this is going to going to going to go yeah butthis would be more of a blueprint for from companies that we aspire to build now within the next batch so to say the companies that I am.Working with supporting starting.And I think like incorporating all these learnings staying staying ambitious yeah and looking for the next order of magnitude.Which side which I trust his yeah I believe his again very ambitious if you come from the from the.30 billion market cap success you want hundreds of billions yeah so this is.
[18:13] Very hard to achieve but at least being one order of magnitude below we can credibly shoot for this for this goal.And I think to achieve that we want to build something need to build something that solves real problems and.
[18:29] Drinks us sir.Civilization to the next level and here we identified a few Fields one is very literally and this is what was like called the Urban Air Mobility the flying car so to say although it’s not the car.Open a Mobility a taxi or whatever the roadside thing it’s like an amazing product drinks servitization really to the next level.So that’s one field that we identified and then the other psychic energy clean abundant clean abundant energy.
[18:59] And this is a thesis yeah these are the fields that I’m working on on today and.Yeah aspiring to build companies that are large independent teaming up with product and Tech focused Founders and have a few.
[19:17] Very interesting amazing companies that we support as as teen Global and then yeah.
[19:25] Very excited and proud very happy but also anxious impatient it’s a lot of work.
[19:34] I totally see that we may add for everybody who doesn’t know as he said it’s not present everywheredelivery hero or formerly known as Leaf ahead here in Germany which actually means the same it was one of those apps we could,order food from restaurants with the Americans may know GrubHub ubereats or stuff like this so.It’s a competitor I’m sure you see a lot of differences but for most people out there you are in this area and that’s sufficient for them to know and you talking about team global this is,like a revamp of Team Europe it’s actually your company right now would you describe it.As a company Builder as company accelerator as a VC or as a mix of all of that.
[20:28] Yeah I would say it’s a mix of all of the basically it’s a technology holding company that is active across like,yeah not all but like most of the stages of of,company life cycles that we say with the goal to build these large independent companies that can make it like tutor.Yeah to do to become public companies with high liquidity tens of billions maybe like a few of them will break out to make it two hundreds of billions while.Using technology to.To deliver a genuine value to the work yeah long-term value I believe this is the list least risky proposition MN so many risks if you start a business yet I believe to minimize risk if you do something that they’re already really needs that’s already a good.
[21:19] Good Start you get Tailwind from the I call it like the Tailwind from the universe yeah with example is those also Tesla rectification of cars you get some tables from the universe if you,if you go and touch a sets of mint sets,such a mission yet and but here but here for us on the one hand it’s like starting of companies and delivery hero was the company started biting Europe and leave ahead to so both of them.Circus well and so starting companies now we’re preparing the preparing a couple of new ones that we start ourselves to say is team global.But then also we have what I call like large minority positions where we team up with existing entrepreneurs usually product and Tech Focus usually great entrepreneurs.But still you know like not.Not sometimes not as experienced yet and not as focused as business more focused on the product and Tech teaming up with them both in terms of capital but also like,Hands-On work yeah rolling up the sleeves using the expertise that we have to.And to support them that happens often in the field of how to build the organizations like Hands-On.
[22:38] Define candidates some helping to shape the the sea level helping them to get engineer it’s like all of that so that’s the second packet.You just starting companies large minority positions which is inspirational aspirational product driven Founders and the third one would be more like minority positions.Where we invest support the maybe for a while.Um but I like not as heavily involved but still that good win-win situations with these type of,Investments and helps us to grow to done.And why generating returns to again life use the system and also add value for these portfolio companies yeah here for example.The food delivery space volt would be one like some people in Europe might know it yeahin the United States we support share bite we support my Contour we have a few companies in the Aviation Space that the fitto this packet what many of our frequent listeners and Watchers will know is for example volocopter which isas we’ve read in the news in March currently thinking about doing a SPAC teal and getting listed there.
[24:03] Hope there’s nothing you can tell about that.I can I can talk about Urban Air Mobility vehicle vertical takeoff and Landing NASA like the back total Capital invested in volocopter something like almost five years ago now I believe it’s four years ago and.Service field drawing and contributed to this dispute drawing and get like a fascinating field and some of the companies,just went public while stack Acquisitions so there is this persistent rumor that volocopter is a planing planning the same yeah and this obviously.I can’t comment if they would do this I could not say anything about it yes so but one thing that I can say is that they have amazing concept that is.
[24:51] Are really great because of it’s fairly simple.And it’s built all around safety all around safety mindset so the likelihood is very high that this is going to be one of the first or maybe even the first,open a Mobility company where you will be able to take a right while being at the same safety level as within commercial airliner yeah so it’s.
[25:13] Safer than a helicopter much safer than Automotive you know we forget often as Automotive,yeah it’s not just that dramatic isn’t plan crashing but streets are dangerous place so again volocopter is one of the pioneers of this of this still evolving early early field,I I actually had to smile when you when you talked about also Automotive is a dangerous play striving on the street everybody knows an idiot from the last few weeks who justcut a cat in somewhere make you step on the brakes or something as I think everybody can feel that and we may add for everybody who doesn’t know that voter copteris a company that offers something that looks like adrawn on steroids so it has a lot of rotors going upwards it looks like a small remote control troll drone but it’s much larger and it can actually transport people in there so that’s what we are talking about andas I said there’s a rumor going on that there’s a speck deal on the table but obviously for illegal reasons you cannot talk about it.
[26:27] What when I’ve been seeing a lot what you did basically you and all digitalentrepreneur a tech entrepreneur and you’ve been talking about those opportunities you see for example Luca one of the founders of get Penta talked about that there was a momentweather app store opened and enabled companies like uber,um like Snapchat like WhatsApp to become successful and the omnipresence of the devices do you think what enabled you and where do you see,um options right now that open up opportunities on on large level something like this because I do believe.He’ll lot of people back in the days did not see anything happen in the app store besides like like.How’s it called are those those Angry Birds right.
[27:27] Yeah yes will enable us sometimes yeah sometimes they come you don’t even see them coming obviously a big enabler I was with the internet rights too.Yeah yeah internet paper said it was the biggest enabler.But then for example in this is also goes back to Tim Europe one of the enablers for me was to political and a then this was like a monetary Union and Germany I just around the time Northern Germany are there in Europe of obviously,when the Euro was introduced before that you had like all these different currencies yes of more complexity so for spreadshirt,to be able to bootstrap a company like spreadshirt,the monetary Union was indeed the key yeah and some simplifications in the last and so this was really important for me and I’m really grateful that this happened we take it for granted sometimes yeah,and I’m a proponent of even more simplifications across across Europe and we’re still not there for that was one.That is like sort of sort of sort of political.
[28:35] On that on the tech side now like moving from All Digital to more hardware and the Urban Air Mobility for example is enabled by,how fast are the chips have what is what is the flight control but also like electrification so electrification is a major,major enabler for us shh and still here again like regulatory will be will be very interesting.
[29:00] And then.
[29:03] Yeah regulatory could be interesting but then there will be new and a blast because of like with all these new they will be working towards yeah so this will make it like easier and accessible for new.New entrance to offer like yeah Services services in yeah and then one one next and a blur on the horizon.
[29:25] Icsi clean abundant energy let’s see how fast we can unlock the make energy.Keep it as cheap I’ll make it even they’re cheaper compared to what it is today while make it while making it clean so this will enable a lot of things.And this is like my perspective there’s more neighbors like for example biotech here I’m looking now we’re looking at the particle accelerators those are like tools then too.
[29:57] And it enables us to.
[29:59] Analyze tissue viruses like all sorts of biomedical Health Medical by applications but also Material Sciences Etc so.
[30:12] There are many now more like going on simultaneously the blockchain is one more there so like.
[30:18] It’s probably 10 of them and what I also want to,ask you because we have already running a little bit over time but I was totally sure that I can talk to you for quite some time with another question because we do have a lot of entrepreneurs listening,to our podcast watching our YouTube videos and,would work I found very interesting When I Was preparing a little bit for this interview with that would companies like surg or deliver here or you entered at,late-stage so he have not been one of the fast movers can you share some advice with us on how he can kill,still win.
[31:01] Yeah it’s interesting is that sometimes as an entrepreneur specifically as a first-time entrepreneur that is what I learned like being a young person.People try to think like too complicated they want to solve too many things at once you have for example.And now would even in Urban Air Mobility is it the right way to go full Electric.
[31:23] But maybe it’s hybrid-electric first yeah before I solve that both problems.
[31:28] Electric System I mean like affordable vertical takeoff and Landing system affordable quiet and safe and electric that’s that’s quite a lot yeah so maybe a hybrid system might be the right thing so here.By the way we are we are also working here with a with a la French partner.Franky Zapata amazing engineer we working on something that will be will be unveiled soon and maybe a slight hint that it might become something out something hybrid.It’s going to be super super fascinating what we have there so please put it put it in your watchlist so one thing is likedon’t try to solve too many problems at once now and then one other is like a dress if you address a large enough market it’s not Tunisia then it’s easy then it’s enough or easy to add only a few things,an example of with delivery hero and a bloody by the way obviously was the mobile phone and the internet and that it was like prevalent,and then we’re already companies that evolved the first wave on the internet during the.com bubble and survived the.com bubble although nobody was online yet,I mean like when you everybody was talking about being online and the internet was all over the place in the media but like nobody really had it.And at this point to start a food delivery company was a preposition.
[32:53] Interestingly those who back then were financed went under those who bootstrapped survived and then when we came with delivery or Levi health,those who survived they were there but somehow they lacked things in the DNA so,and this enabled us to come not really as a fast follower but like s the next innovate area and Innovation was simpleone was for example they didn’t even add online payment as so you need to pay cash at all it sounds funny right but one other words like they would transmit orders via fax machinewhat V introduced.Was it was like an order terminal yet it make it like more reliable and also give the deck channel to imagine the fax machine is out of paper from the orders lost and you sit at home and are hungry right not a great customer experience so.One more Innovation that we brought was like using online marketing professional we could we could do this year so thatlike it’s a bunch of small of small Innovation bringing a field to the next level yeah so pick something we’re already someone exists.And is large,maybe established but no longer agile has some some Legacy and then you have a good chance to innovate this field so that’s the.That’s the pattern I’ve seen in the fast follower and with Cirque.
[34:14] Yard was also driven by a desire to play Mobility Hardware while also using the energy that we had as an entrepreneurial team.While waiting.Through the long development cycles of Vetoes yet because of coming from building purely digital businesses where you can be live in three to six months.To enter a field of building aircraft it’s quite a quite a change so so it was something like perfectly in between where you have hardware supply chain all of that,and what’s still like fast time to Market yeah Global rollout so it’s pretty cool,okay my understanding is now that it,it’s 60 can be successful if there’s a large incumbent if they’re not agile and you can just keepadding small Innovation step-by-step and soon you’ll be much better than your competitor would that be one of the possible lines of advice.
[35:16] I’m talking about the sorry say again good when you have a large incumbent and this one is not,Aunt I’ll enough you still have a good chance to win if you are fast and adding small Innovation small improvements and you don’t stop making your product better and at the end he’ll be much better than the incumbentthat will be a possible way to win just exactly that would be the possible way to win and you very often see this,it’s very hard to be Edge I yeah for large companies I mean like it’s going to be interesting for example share by the company that I mentioned in New York yeah how this will play out.
[35:54] They focus on corporations they have Corporate social responsibility deeply engraved ingrained in the DNA so this is an intrapreneur on a mission,and and he is he’s very focused on this be to be a food delivery situations where the liver in turn offers and it’s a lot of nitty-gritty details details here so Korea’s however.Whoever is dead our rep Harper and daughters how they will ya.Do with that but to put this I just decide laughs yeah and yeah laughs is one of the things Innovations and the other thing is like what I like about Shabbat is,being mission-driven mission-driven doing the right thing for the planet doing the right thing for society add some extra energy and share but they,donate a significant type of the of the profits of the of the revenue they give away too.
[36:48] Yeah malnourished kids in the United States yeah so they support them I mean like it’s a.
[36:54] Very sad this this problem even does exist but really the really solving it making impact they make it all so easy for corporations to make an impact,not so it’s a it’s a it’s a very cool story I’m very proud to be a to be a part of the small part of it,I understand plus I did use from what we’ve been talking about some something like to close out the interview that you’re not theas they describe themselves in the past the big picture guys no details no details we picked you guys but actually it’s the details I take from the interview that makes you win all those SE setpaying cash when you received the money when you received the food,I’m getting feedback not using fax machines stuff like that so basically the secret to winning is in the details.Yeah yeah both is through the secret to winning is like to have the vision.
[37:54] Bettinger right patterns and those are basically to some extent easy right at least I can start with technology you start with delivering genuine value to what the society really need,not only what it what it thinks it needs today what does it tomorrow so like to Big Vision if you run into wrong directions the best execution will not help you right we can.
[38:15] And and then on the other hand if you have a great vision it’s worth zero you have a great idea is worth zero who do not execute it there and the execution is about like.Lot of the yeah of the nitty gritty,details yes exactly and the execution finally makes the successful entrepreneur because he has to work a lot and he has to payattention to the details and it has to be one spot where all of it comes together with the decisions are made and that has to be him so,fully agree fully a great great great editor I’m totally happy that we agree here on this lukasz.Thank you very much was a pleasure having you here hopefully I’ll have you back in sometime once againcongratulations to your special award from the gym start-up Association and best of luck for all the ventures you going to start or assist withteam global everybody would like to learn more they can go down here in the show notes and they will be linked to the teen club website where people can reach out to your team and Pitch some ideas inside pitch decks and all that stuff right,yep most welcome looking forward thanks a lot great thank you bye-bye bye-bye.If you are a professional looking at the European startup scene Germany is a place you cannot miss.
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