This Month In German Startups – April 2020 – Connecting Podcasts with Listeners & Subscribers From All Over the World!

This Month In German Startups – April 2020

Play This Episode

1 Vote

This Month in German Startups – April 2020 nbsp If you are new to our podcast s we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York Have a look at our website nbsp www startuprad io nbsp or nbsp www startup radio nbsp and you will find all the links to our recordings and the articles we are quoting from there Some of the source articles are in English some are in German nbsp Reach out to us here is our audience survey to give us feedback suggest topics interview partners or just to say Hallo nbsp https forms gle mLV6mVKwGwKuut8BA nbsp nbsp Find the hosts here J rn Joe Menninger nbsp joe startuprad io nbsp nbsp Twitter nbsp nbsp LinkedIn nbsp nbsp Video Interview 2018 Chris Fahrenbach nbsp chris startuprad io nbsp nbsp Twitter nbsp nbsp Homepage nbsp nbsp Video Interview 2018 nbsp EnablerThis recording was made possible by Hessen Trade and Invest Learn more about our enabler here nbsp https www invest-in-hessen com nbsp Together with our enabler we are running a podcast called Tech Startups Germany which will focus on startups at a Serie A stage or even more mature You will also find all the videos we produce for this podcast on our YouTube channel nbsp www youtube com startupradio This podcast is available directly on our device as audio and video podcast yes Startuprad io makes the first downloadable video podcast Find all options to subscribe here nbsp Tech Startups Germany by Startuprad io – Audio onlyiTunes nbsp https apple co 2Z17bflDeezer nbsp http bit ly 2Qbh1rlTuneIn nbsp http bit ly 2M8vpznStitcher nbsp http bit ly 34xTANO Tech Startups Germany by Startuprad io – VideoiTunes nbsp https apple co 2M8ZxKJ nbsp nbsp Housekeeping – Time to bragA tiny bit of hope is back so we do a bit a of bragging again Wow the days around Easter have been AMAZING for nbsp Startuprad io We retained our position in nbsp Chartable s Global Top 100 Technology and Global Top 100 Science Charts but we also entered the iTunes Technology Charts in Vietnam for the first time Again in the US and UK welcomed us to their Apple Technology Podcast Charts again in the Top 200 nbsp https twitter com startuprad io status 1252523750123352066 nbsp You can subscribe to Startuprad io here YouTube nbsp http bit ly 2LK14oWiTunes nbsp http apple co 2xsHdaESpotify nbsp http spoti fi 2DfIt1OOur Sub-Podcasts Fintech Germany by Startuprad io nbsp iTunes nbsp http apple co 2lLRlpG nbsp Spotify nbsp http spoti fi 2m8HWsb Security Sutra by Startuprad ioiTunes nbsp https apple co 2K0qLlHSpotify nbsp https spoti fi 33rrlAD Deeptech GermanyiTunes nbsp https apple co 2oWO3Sl nbsp Spotify nbsp https spoti fi 2qucve8 Blockchain GermanyiTunes nbsp https apple co 2O2jwLxSpotify nbsp https spoti fi 2qucve8German Startup News Video iTunes nbsp https apple co 3agUim9 nbsp German Startup News Audio iTunes nbsp https apple co 2Jg2fMw nbsp Spotify nbsp https spoti fi 2UeZ3ah nbsp nbsp Housekeeping – tracking startups we interviewed nbsp InvestSuite snaps up 2 million to grow its investment tools for banks and brokers nbsp https buff ly 3dQLGoy nbsp Learn more about them in the Startuprad io interview here nbsp https buff ly 2X960cG nbsp the interview was published on 18th of December 2018 nbsp The video will go live on Thursday April 30th 19 00 CEThttps www youtube com watch v SpGddRwUqoo nbsp Coronavirus Covid19 We are working with nbsp Startup Genome nbsp to quantify the impact of the crisis on startups and push for adapted policy action now They re doing it all over the world so they ll be able to prove how good policy action is saving startups and lack of policy is disastrous If you had an ongoing startup before the crisis please take 5 min to contribute right now nbsp If you since had to close it click nbsp hereOtherwise if your startup is ongoing and even if you paused operations click nbsp hereWe need hundreds of founders to do so and you know it s not easy nbsp nbsp Funding in times of Corona Government aid and direct loansGermany Announces 2 Billion Startup Booster to Combat Coronavirus Impact nbsp https buff ly 345wsaM nbsp Related Germany s 2 2 Billion Bailout for Startups Stuck by Who Pays Up – Bloomberg nbsp https buff ly 2RRNOTP nbsp Corona aid for companies in Hessen German only Hessisches Ministerium f r Wirtschaft Energie Verkehr und Wohnen nbsp https buff ly 2WQY8P4KfW emergency credit application volume reaches 7 4 bn Euros according to FAZ exclusive coverage nbsp https buff ly 2Jg52FP nbsp nbsp 30 applications with a total volume of 6 mn Euros filed by startups and young companies nbsp As you may know we try to expose you to different angles of the same story Here is another interesting point talking about challenger banks nbsp N26 Says Bank Closures May Drive Mobile Banking Adoption nbsp https buff ly 3bDdsTO nbsp writes Bloomberg on March 23rdWe assume that many people will open an online account because more and more bank branches are closing due to the corona crisis Online banking will become much more important Chief Financial Officer Maximilian Tayenthal said in a telephone interview on Monday Digital bank signups dive in lockdown nbsp https buff ly 2VEcdOU nbsp writes Sifted on the other hand but on April 27th nbsp Europe s top challenger banks saw a drop in digital downloads last month in a sign that the coronavirus lockdown may be negatively impacting business nbsp Monzo Revolut Starling and N26 saw their growth rate drop by between 18 and 36 in their native markets according to an analysis by Priori Data commissioned by Sifted nbsp nbsp Additional resources related to funding in times of coronaLessons from 2008 How the downturn impacted funding two to four years out – Tech eu nbsp https buff ly 2vYtNDg nbsp Investors then and now quickly turned inward to assess their existing portfolio companies health to create strategies for those who have shorter runways and would need to cut back Today as then companies are advised to plan for two years without raising new funding All startups have to throw out previous business plans reassess expenses sales projections and risks We found this article since we screen the blog on a regular basis But it is also mentioned in the post above nbsp What Could the Venture Market Look Like in the Coronavirus Era nbsp https buff ly 2W6EgqP nbsp Let s break down the trends by series The earlier the stage the company the less it was impacted nbsp Useful How not to pitch to an investor over video call Siftedeu nbsp https buff ly 33N5nsQ nbsp re-read Don t jump on the call without sending the presentation in advance Questions in advance One primarily for the investors Help the founders set the agenda by taking the time to go through the deck and tell them the areas you want to focus on and key questions you want to cover in the meeting Agenda Don t wing it Always set an agenda and manage the time allocated for the meeting the previous tip really helps on this front nbsp Investor wisdom for startups to get through coronavirus Sifted nbsp https buff ly 2QURRhG nbsp Tip number 3 Rule of three Axa Venture Partners is advising founders to think of coronavirus as a three-part crisis first confinement second when people are allowed to leave their homes again and third the mid to long run nbsp nbsp Positive news Global VC Partech closes 92 3M funding to invest in post-COVID trends in health finance mobility amp more SiliconCanals https buff ly 2zyHIRP nbsp Ecosystem nbsp nbsp On a more general note from April 6th Startup funding during the crisis What s really going on nbsp https buff ly 39LcWlh nbsp Investors are still investing nbsp Valuations are likely to be lower reflecting the new market conditionsNo sectors are off-limits nbsp Some investors will disappear for a whileIt s worth looking into government funding schemes nbsp It s important for startups to keep developing even if they ve become incredibly lean nbsp If you want to keep up to date there is a free Weekly global economic update nbsp https buff ly 2Jfkku9 nbsp Fintech could be hit especially hard We found two articles on the topic Fintech in a downturn Why some sectors are vulnerable Sifted nbsp https buff ly 2UzrVJl nbsp How Covid-19 Is Impacting Fintech Financing CB Insights Research nbsp https buff ly 2R61Kcw nbsp Hubs Frankfurt Rhine-MainFrankfurt-based and listed creditshelf a p2p credit market place for SMEs doubles revenue and reduces losses nbsp https buff ly 2UkEzx6 nbsp Here is the link to our interview with them from April 2019 nbsp https www startuprad io exclusive do-you-know-creditshelf-it-is-germanys-only-listed-pure-play-fintech nbsp The link is the audio file here is the video nbsp https youtu be GdY2pJeh1tE nbsp nbsp Scoutbee launches free tool to help organisations search for COVID-19 support-related supplies TechCrunch nbsp https buff ly 2wOewFI nbsp Merck Venture Arm Invests in Quantum Computing Startup Seeqc nbsp https www wsj com articles merck-venture-arm-invests-in-quantum-computing-startup-seeqc-11586454285 nbsp German holding company Haniel buys majority stake in Emma a Frankfurt-based sleep tech startup nbsp https buff ly 2Vv956V nbsp keep that in mind for later the companies section nbsp Mainz Rhine-MainMainz-based BioNTech Pfizer To Begin COVID-19 Clinical Trial In Germany nbsp https buff ly 3bvPYAr nbsp Related BioNTech has been approached several times to sell the whole company outright but is not interested nbsp https buff ly 3aCbQss RhineMain vc nbsp Startups and tech companies in the greater Rhine-Main-Area raised more than 310 mn Euros in funding for Q1 2020 Four large deals have been driving the numbers Volocopter additional 32 mn Euros for their Series C Scoutbee 54 mn Euros BionNTech from above got 135 mn US for the Covid19 research and Iwoca got 100 mn Euros to lent from their German Headquarter in Frankfurt to German SMEs and startups learn more here nbsp https buff ly 39PRuvm Kassel nbsp Information company Schufa and fintech Fino set up a joint company to help fight money laundry nbsp https buff ly 2VtV35j nbsp HamburgGerman Fintech NAGA Turns Profitable Finance Magnates nbsp https buff ly 2xs6xyh MunichAbracar the professional car broker – backed by Allianz with 11 5 mn Euros – will be liquidated Reasons are a strategy shift at AllianzX turning their unit from a company builder to a later stage investor and the coronavirus which makes the business almost going flat Even Auto1 has many of its employees in Kurzarbeit nbsp https buff ly 3eS6GvL nbsp Wirecard AG KPMG delivers report on special investigation Incriminating evidence for the public allegations of balance sheet forgery has not been identified https buff ly 2SbVb8A nbsp Note our special blog post on the whole story here https www startuprad io blog wirecard-vs-financial-times-the-history-which-lead-to-a-special-audit nbsp Companies InsolvenciesBerlin-based startup Tausendkind has to file for insolvency due to coronavirus https buff ly 3dDgOb6 they have been an online shop for children s apparel nbsp mattresses remember from above Three months after their IPO Casper retreats from Europe and cuts more than 20 of its workforce to save more than 10 mn US annually CFO and COO to leave May 15th This also means shutting down their office in Berlin nbsp https buff ly 2RYiYZy nbsp nbsp Online groceries getting real boos with Covid19Picnic opens a second fulfillment center in Germany nbsp https buff ly 2UFKXPJ nbsp There are still some fundraisings and exits Germany s Xpension pension platform raises 25M in a Series C growth round TechCrunch https buff ly 34a5uPe nbsp German security firm Avira has been acquired by Investcorp at a 180M valuation TechCrunch https techcrunch com 2020 04 08 german-security-firm-avira-has-been-acquired-by-investcorp-at-a-180m-valuation nbsp There is life next to AmazonOtto Germany s No 2 in ecommerce sees sales grow 9 percent to 3 5 billion euros in 2019 nbsp https buff ly 2ULHFum nbsp the company has it s origins in catalogue mailing business and is the only one which made a transformation in Germany Both former competitors Neckermann and Quelle have gone out of business https en wikipedia org wiki Arcandor Sad note at one point they belonged to – what is now part of Galeria Karstadt Kaufhof – which also had to file for insolvency during Corona We see the retail transformation in Germany in real time nbsp nbsp Stay Ahead of the CurveThere is a survey of the impact of Covid19 on UK startups nbsp https public flourish studio story 279152 Few startups have significantly cut headcount but 80 have stopped or slowed hiring in view of a meaningful revenue drop and negative projections Revenue implications nbsp 40 have seen March revenues drop by over 25 68 expect full-year revenues to drop more than 25 below plans nbsp Staff cost implications nbsp 49 have frozen hiring another 32 have slowed hiring16 have committed to laying off at least 10 of staff26 have committed to furloughing at least 10 of staff30 have cut salaries across the company by at least 15 nbsp Many startups have sought to reduce non-staff costs in view of a more challenging funding environment The next outbreak We re not ready for – Ted Talk by Bill Gates from 2015 on YouTube it appears no one listened nbsp https buff ly 2wc5IsC nbsp Sales During COVID-19 What We re Seeing – Bowery Capital nbsp https buff ly 34eNMdC nbsp Planning and Managing Layoffs – Andreessen Horowitz nbsp https a16z com 2020 03 31 planning-and-managing-layoffs Folge direkt herunterladenClick here to visit this podcast episode