Starting a technology company in Czech Republic is Catch-22. Early-stage companies need in many cases investments (angel, seed) in order to take off. But they currently have hard times to secure the financing. Why? There are no investors willing to take a risk at the early-stage. Angels and VCs prefer to invest in already profitable projects. I know we are not in the Silicon Valley but rather in the middle of nowhere in terms of technology investors. Unfortunately I am pretty sure it is not going better any time soon.
So I really have to thank all the Silicon Valley Geeks on a Plane (led by Dave McClure) for (coming here and) making me yet more realistic. All local geeks should also thank to Jack DeNeut (Nelso.com) for organizing the event. I also appreciate Dan Franc who was, together with me, the only Czech speaker yesterday. Isn’t it a shame?