7 lessons learned at the Startup Club with Nikolay Manolov

At the Startup Club on May 31, we discovered many interesting things from the discussion with Nikolay Manolov. We got to know the XOR startup and the HR Tech dimension from a different perspective.

For those who did not manage to come to the event, we have prepared 7 lessons from Nikolay’s experience:

  1. The first investment of 10k or 100k EUR is much harder to obtain than a subsequent million. Investors who offer 10k tend to feel very good about the value of each EURO. For those who offer a million, this money is less significant in a large portfolio.
  2. When a startup has the first results, the probability that the team will quarrel is quite high. Every investor knows that. That’s why they invest in a startup that has already achieved its first successes and managed to consolidate its team.
  3. A startup that stays too long at the idea stage is prone to failure. Small but sure steps are the key to success.
  4. It’s a myth that once a good startup idea is launched, it will gradually expand globally. These are unique cases. Success often means knowing your target market very well and monopolizing it. The same solution may not be suitable for different countries, regions.
  5. The market also matters a lot when it comes to validating the idea. You can’t validate an idea with a customer in a region if you know that the product or service is intended for a completely different target.
  6. It is sometimes much easier for investors to explain what your product is than for customers. And the language you have to use is different for each of these groups.
  7. If your goal is to earn as much money as possible, get hired by a corporation and don’t venture into a startup.

We look forward to seeing you at the next editions!

Startups attending list

viarliveViar.live allows any 360 ̊ enthusiasts and business owners to create and share amazing VR experiences with ease
respiroMarket place for psychological support
easyplanSAAS solution for dental clinics
bloomcodingBloomcoding is reinventing online coding education for children, by teaching kids how to code through Virtual and Augmented Reality experiences.
enabldEmpowering Communication Service Providers to offer smart and cost-effective business communications services
xorXOR builds modern communication software for recruiting and HR to hire and retain talent more efficiently.
faguraP2P credit platform
donkeyDonkey.io makes code deployments simple and fun, regardless of the location you are delivering your software solution to.
metafarmA WEB 3.0 platform where for tokenizing real assets in agriculture using Blockchain, NFT and Metaverse technologies.
selftalkSelftalk is a behavioural health app that helps tech employees deal with anxiety, stress, depression, and negative inner conversation.
delyA set of white label delivery solutions that features the whole package of software required to set up and run your own delivery business
undeA platform for event pages management with tools for events promotion, tickets sale and community building
brizyBrizy is a multiplatform website builder that anyone can use.
sonr_musicSONR Music is a compact disc-shaped 100% waterproof audio player.
boldA platform that brings together specialists from the NEW MEDIA ART area for promoting and re-imagining new products.
langlyA non-standard platform for learning English based on the Oxford English course.
stilioStilio is web platform and booking app designed for Beauty industry, an online digital solution for making online appointments to beauty salons and specialists.
watznowWatznow offers a quick way to share videos with people around you or anywhere in the world with an interactive map.
fastbossFastBoss is Integrated mobile-first CRM-like tools with embedded Virtual Assistant for salesmen and business owners
enamplyAI-assisted productivity management platform that reduces bias in performance improvement and creates a habit of feedback.
influenceInfluence.md is a platform that connects brands with digital storytellers, influencers, and content creators in order to personalize their brand story.
aml_cryptoBlockchain Analytics & Crypto Investigation.
baby_medBaby Medy inspire hope and contribute to the health and well-being of parents and their kids by providing the best care through medicine and modern technology.
doctor_chatDoctorchat is an online clinic platform.
renterRenter is a long term electric bicycle rental service for couriers
my_idMyID provides identification and validation process tools for businesses
music24Platform for music artists where they can sell their songs and merchandise, directly communicating with their fans
clickschoolClick School provides online training and career guidance services in the IT field that the beneficiary pays upon employment.
kicklyA platform for sports organizations to create graphic content in minutes
toutoringOnline tutoring for students
startupProvide a set of products and services that allow the creation of applications and websites without code.
consulterFind the right expert advice for your business with Consulter - the marketplace for top-notch consultants across industries.
inst_expertInstant online help from reliable therapists
sahInteractive online chess courses for children
swiftSaasS solution to connect with customers who leave their contacts online
greenoGreenoSoil is a ClimateTech and AgTech company building the first and the largest global geospatial data marketplace in agriculture
iAsigiAsig is a property and casualty insurance agency powered by technology.
indexIndex is a global network of vetted, world-class software developers, that helps enterprises to find and hire top-caliber engineering talent.
planablePlanable is a content review and marketing collaboration platform used by over 5,000 teams.
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