Good entrepreneurs are like dogs

Posted by & filed under Accelerator, Startups.

An old story; Plato asked Socrates to educate him. Socrates pushed Plato into the water and kept him there without oxygen. He punched and kicked to get free, but Socrates was a strong man and held him down. Finally, Plato blacked out due to lack of oxygen. Only then, Socrates pulled him ashore and resuscitated… Read more »

Global or Local Fintech Accelerator? YES.

Posted by & filed under Accelerator, Corporations, Fintech, Startups.

We have done 19 accelerators mainly for global companies. 1-3 locations at the time. Being inside the corporations’ offices with startups. It’s a must. That’s the best way to deliver co-developed innovations for banks and bank customers. Corporations also buy learning from us. Learning to become like startups. They also want to learn how to… Read more »

Y-combinator and Nestholma are as good

Posted by & filed under Accelerator, Investing.

…or equally bad. When the head of Y-combinator had invested into 720 startups, he said that he can’t predict which of his investments will be successful. We can’t either. Because these are already the best ones and they all should succeed. Out of 100 startups I have invested in, 3 are bankrupted and some are receiving… Read more »

One-night stands, dating and marriage – 3 phases of working with startups

Posted by & filed under Accelerator, Corporations, Startups.

I believe there are three phases of startup and corporation collaboration (all of which are needed by the way!): One-night stands, dating, and finally marriage. One night stands are the first contacts between startups and corporations. Mingling at startup events, arranging innovation competitions, hackathons and the like. These are needed for people to get first… Read more »

Nordea fintech accelerator successful

Posted by & filed under Accelerator, Corporations, Fintech.

Altogether 13 startups, 3 months. And in addition, we had one startup from Industrial Bank of Korea accelerator. We have learned a lot. Nestholma has now done 21 accelerators for large corporations and we are reaching the level that we know how to start the change in corporations. I would also say that Nordea has… Read more »

We crowdsource innovations

Posted by & filed under Customers, General, Product development, Startups, Technology.

We crowdsource innovations, product development, R&D and customer interactions. We are not replacing anything, we just provide the wisdom of thousands of people at the cost of fraction of a internal development team. We follow the Lean Startup methodology, but from our strategic partners perspective it looks more like design thinking. We have copied some of the… Read more »