Venture Central

Arek Hajduk, Michał Olszewski

Stories, strategies, and insights from the founders and investors shaping the CEE region. Hosted by Arek Hajduk & Michał Olszewski. Previously: ZapytajVC.

  1. Venture Central Roadtrip: Ukraine | Elena Mazhuha, Flyer One Ventures

    JAN 25

    Venture Central Roadtrip: Ukraine | Elena Mazhuha, Flyer One Ventures

    🚀 Venture Central continues the “Roadtrip” series, this time visiting 🇺🇦 Ukraine! Our guest is Elena Mazhuha (Partner at Flyer One Ventures), who discusses the resilience of the Ukrainian startup ecosystem, the "animal" instincts of successful founders, and how the war has accelerated global expansion. 🔍 The Ukrainian VC landscape: A look at the ~3,000 active startups, split between local operational teams and a massive diaspora of founders building from the US and UK, plus the active funds backing them like U.Ventures, Horizon Capital, and Geek Ventures. 🛡️ Impact of the war: How the invasion forced companies to be global from day zero, the talent shift from B2B SaaS to defence/dual-use tech, and the role of support initiatives like "Seeds of Bravery".  🦄 Unicorns & Success Stories: The global giants with Ukrainian roots—Grammarly, People.ai, Monobank, Creatio, and Restream —and the ongoing debate about what defines a "Ukrainian company" like GitLab. 🐆 "Animal" Founders & Dollar DNA: Elena’s unique thesis on selecting founders: looking for "animals" (hungry, intuitive survivors) who possess "Dollar DNA" (making decisions strictly based on financial ROI). 🧬 Origin of Flyer One: How the fund spun out of the Genesis ecosystem (400M+ users) and uses its operational "backbone" to help portfolio companies hire over 300 senior roles and scale growth marketing. 🧠 The "Mafia" Effect: Why Ukraine hasn't seen a specific "PayPal mafia" yet, but is seeing a surge of founders emerging from high-growth global scaleups like Revolut, Bolt, and Palantir. 🌍 Ukraine vs. Poland: A candid take on why Polish founders often get "stuck" on their comfortable domestic market, while Ukrainian founders face an "adapt or die" pressure to enter the US market immediately. Key ecosystem players mentioned: Grammarly, Monobank, Creatio, Restream, Genesis (GenTech), Vochi (acquired by Pinterest), GreenScreens, People.ai, GitLab. 💼 Elena's LinkedIn: https://www.linkedin.com/in/elena-mazhuha/ 🌐 Flyer One Ventures: https://flyerone.vc/ 👉 Subscribe to Venture Central for more insights from CEE VC markets!  Did you like it? 🛒 Support us, ordering nikalab products via this link: https://nikalab.pl/zapytajvc - you will enjoy a 20% discount for your first order! ☕️ or buy us a coffee! https://suppi.pl/zapytajvc Join our Discord community ➡️ https://discord.gg/cPtM4pGjSd

    1 hr
  2. Aleksandra Pedraszewska | vastpoint: Wierzę w Polskę

    JAN 25

    Aleksandra Pedraszewska | vastpoint: Wierzę w Polskę

    Dawno tego nie robiliśmy: rozmowa z przedstawicielką nowego polskiego funduszu VC! Przed Wami Aleksandra Pedraszewska - współzałożycielka funduszu vastpoint. Trzyosobowy, w 100% kobiecy zespół planuje inwestycje w najlepsze polskie startupy deep tech i AI na wczesnym etapie rozwoju. Aleksandra, z doświadczeniem zdobytym w Cambridge, VividQ i ElevenLabs opowiada o tym, co ją zaskoczyło w polskich startupach, co wyróżnia projekty w które zainwestuje i jakie rynkowe zmiany stara się wprowadzić. Dowiecie się między innymi:  🔍 Jak powstał zespół vastpoint 💰 Teza i model inwestycyjny funduszu 🧭 Fundraising: czym różni się zbieranie na fundusz od zbierania na startup 📈 Pipeline po starcie: ile projektów już trafiło do analiz a ile jest bliskich inwestycji? 🌍 Kogo szuka fundusz? 🧪 Know‑how operacyjny: wsparcie w strukturze zespołu, LLM/AI i komercjalizacji (B2C/enterprise) z doświadczeń m.in. ElevenLabs, z naciskiem na praktyczne procesy sprzedaży i product–market fit W rozmowie przewijają się: PFR Ventures, Ministerstwo Finansów, fundusze międzynarodowe (np. Sequoia, Balderton, Speedinvest), ElevenLabs, oraz kategorie LP (family offices, fund-of-funds) i polityki emerytalne wpływające na alokację do VC. 💼 LinkedIn Aleksandry: https://www.linkedin.com/in/apedraszewska/ 🌐 vastpoint: https://vastpoint.vc/ ✍️ vastpoint's substack: https://vastpoint.substack.com/ 👉 Subskrybuj ZapytajVC, aby otrzymywać więcej informacji o rynku VC w CEE! 🇵🇱 Podobało Ci się? 🛒 Zamów produkty nikalab przez ten link: https://nikalab.pl/zapytajvc - otrzymasz 20% rabat na pierwsze zamówienie ☕️ Lub postaw nam kawę! https://suppi.pl/zapytajvc Dołącz do naszej społeczności na Discordzie ➡️ https://discord.gg/cPtM4pGjSd 🎵 Muzyka z https://www.zapsplat.com

    1h 18m
  3. Roadtrip: Bułgaria | Angel Angelov, Innovation Capital

    10/22/2025

    Roadtrip: Bułgaria | Angel Angelov, Innovation Capital

    🚀 ZapytajVC continues the “Roadtrip” series, this time visiting 🇧🇬 Bulgaria! Our guest is Angel Angelov (Managing Partner at Innovation Capital; Partner at ODC Ventures) who discusses the Bulgarian startup ecosystem, funding, and cross-border collaboration with CEE. 🔍 how Bulgaria’s VC scene formed: from the JEREMIE/EIF-backed wave of 2011–2013 to today’s 15–20 active funds and a pipeline of new managers selected by the national Fund Manager of Financial Instruments in Bulgaria.🦄 success stories and trajectories: Payhawk’s rapid rise to unicorn, Shelly Group’s public‑market journey to unicorn status, Telerik’s landmark exit to Progress, SiteGround’s bootstrapped scale, and EnduroSat and Dronamics as deep‑tech standouts. 💰 the outsized role of public capital (EIF, national fund-of-funds) in kickstarting VC, with €300–€500M invested to date and ~€0.5B slated for deployment over the next 3–4 years, plus how this is expected to unlock more private LPs.🏦 obstacles and opportunities: pension fund regulations, the untapped €150B retail deposit base, and how second‑tier stock market listings are bringing more retail investors into tech IPOs.🛂 startup visa: why it’s not in place yet, how BESCO pushes policy forward, and how political instability slowed otherwise near‑ready reforms.🌍 Bulgaria’s neighborhood effects: strong ties with Romania, Greece, and Turkey, and why South Balkans cooperation plus broader CEE alignment are crucial to compete with the US and China.🤝 cross‑border investing with Poland: what mandates allow today, how future funds may allocate more to CEE, and why co‑investment, media, and conferences can bridge ecosystems.⚡ ODC Ventures’ deal‑by‑deal syndicate focus: later‑stage global tech (AI, robotics, health, fintech) including access to rounds in companies like SpaceX, OpenAI, xAI, and DeliverAI.🧠 alumni effects: the “Telerik mafia” and how Payhawk’s founders came from Telerik, with new founder cohorts emerging from successful Bulgarian tech companies.📊 what’s next: enterprise software and AI‑adjacent infrastructure as leading verticals, with hardware opportunities (dual‑use and logistics) despite higher capital intensity. Key ecosystem players mentioned: Payhawk, Shelly Group (Allterco), Telerik (exit to Progress), SiteGround, EnduroSat, Dronamics, BESCO, EIF. 💼 Angels' LinkedIn profile  🌐 Innovation Capital  🌐 ODC Ventures  👉 Subscribe to ZapytajVC for more insights from CEE VC markets! 🇵🇱 Did you like it? 🛒 Support us, ordering nikalab products via this link: https://nikalab.pl/zapytajvc - you will enjoy a 20% discount for your first order! ☕️ or buy us a coffee!  Join our Discord community ➡️  🎵 Music from https://www.zapsplat.com

    1h 4m
  4. Roadtrip: Litwa | Tomas Kemtys, Contrarian Ventures

    10/03/2025

    Roadtrip: Litwa | Tomas Kemtys, Contrarian Ventures

    🚀 ZapytajVC presents the latest episode of the "Roadtrip" series, this time visiting 🇱🇹 Lithuania! Our guest is Tomas Kemtys (General Partner at Contrarian Ventures, ex-Centerview Partners), who discusses: 🔍 the explosive growth of the Lithuanian startup ecosystem – from emerging market to European powerhouse in just 5-6 years🦄 Lithuanian unicorns (Vinted, Nord Security/NordVPN) and their unique paths to success – one VC-backed, one bootstrapped to $1.5B+ valuatio💰 the role of public funding (Invega, EIF) in kickstarting the Baltic VC ecosystem and the transition to private capita🌍 why Lithuania's 2.5M population drives global ambition from day one – no domestic market comfort zon📈 Lithuania's fastest-growing startup ecosystem in CEE (6.8x growth in 5 years) while Estonia leads in unicorns per capita🤝 how Polish VCs (Inovo, Market One Capital, Movens) are winning deals in Lithuania and competing with top Western European funds⚡ Contrarian Ventures' climate-tech focus and why seed-stage climate founders are building the infrastructure of tomorrow🇵🇱 the "Poland problem" – why 40M people can be both blessing and curse for startup ambition💚 NEW: Contrarian's first Polish investment – sun.store (€6M seed round, €100M GMV marketplace for solar equipment) Key ecosystem players mentioned: Practica Capital, firstpick, ScaleWolf, Tesonet Group, Kilo Health, PVcase, Index Ventures, Accel, Warburg Pincus 💼 Tomas' LinkedIn profile 🌐 Contrarian Ventures ☀️ sun.store  👉 Subscribe to ZapytajVC for more insights from CEE VC markets! 🇵🇱 Did you like it? Buy us a coffee!  Join our Discord community  🎵 Music from https://www.zapsplat.com

    58 min
  5. Roadtrip: Czechy | Petr Šmíd, Rockaway Ventures

    10/03/2025

    Roadtrip: Czechy | Petr Šmíd, Rockaway Ventures

    🚀 ZapytajVC prezentuje nowy odcinek serii „Roadtrip” – tym razem odwiedzamy 🇨🇿 Czechy! Gościem jest Petr Šmíd (partner Rockaway Ventures, ex-Google), który opowiada o: 🔍 stanie czeskiego ekosystemu VC – Czechy jako najważniejszy rynek CEE (po Estonii), ale z luką inwestycyjną 🦄 największych czeskich jednorożcach (Avast, Kiwi, ProductBoard, JetBrains, Rohlik) i ich globalnej ekspansji 💰 wyzwaniach finansowania od seed do serii A 🤝 możliwościach współpracy polsko-czeskiej w inwestycjach VC 💼 Profil LinkedIn Petra 👉 Subskrybuj ZapytajVC, aby nie przegapić kolejnych odcinków z innych krajów CEE! 🇵🇱 Podobało się? Postaw nam kawę! Dołącz do naszej społeczności na Discordzie 🚀 ZapytajVC presents the latest episode of the “Roadtrip” series, this time visiting 🇨🇿 the Czech Republic! Our guest is Petr Šmíd (Partner at Rockaway Ventures, ex-Google), who discusses:  🔍 the state of the Czech VC ecosystem – a leading CEE market (after Estonia) with an investment gap 🦄 top Czech unicorns (Avast, Kiwi, ProductBoard, JetBrains, Rohlik) and their global expansion💰 funding challenges from seed to Series A🤝 opportunities for Polish-Czech VC collaboration 💼 Petr's LinkedIn profile  👉 Subscribe to ZapytajVC for more insights from CEE VC markets! 🇵🇱 Did you like it? Buy us a coffee!  Join our Discord community  🎵 Music from https://www.zapsplat.com

    1h 6m

About

Stories, strategies, and insights from the founders and investors shaping the CEE region. Hosted by Arek Hajduk & Michał Olszewski. Previously: ZapytajVC.