Markus Villig

24 statements across 2 episodes · 3 bullish · 9 bearish · 2 people on the record · first statement Nov 13, 2024 by Markus Villig · said 12 times in 4 episodes since 2024 · across every show →

On the record as a speaker too: Markus Villig's record, appearances and statements → this page counts the times other people say the name.

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brought up most by Harry Stebbings (5), Larry Aschebrook (4), Taavet Hinrikus (2)

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Everything said about Markus Villig, oldest first

Nov 13, 2024
Assertion Partly supported
Bolt reached thousands of daily trips in year one on $5,000 capital
“We bootstrapped the company completely for about the first year. So we built the product, we got to some thousands of daily trips and we did all of that with 5000 bucks for my parents.”
Markus Villig Nov 13, 2024 ▶ 15:38 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 negative
Opinion
Villig: US ride-hailing rivals became bloated due to excess VC capital
“Specifically you look at some of our US competitors who raised thirty billion dollars. I mean, these companies obviously started off with having so much excess cash that they got very bloated. It was never a problem for them that they had to optimize for costs…”
Markus Villig Nov 13, 2024 ▶ 16:53 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 positive
What-if
Markus Villig would have pitched New York growth funds earlier with Bolt
“I've would have likely gone to these New York funds much earlier. I think that actually I at first just didn't even think that they would be willing to invest in private companies such as ours, but actually the moment we got to first meetings with them and the…”
Markus Villig Nov 13, 2024 ▶ 1:04:38 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Disclosure
Bolt CEO Markus Villig does not have a driver's license
“I don't even have a driver's license, so the most expensive thing I've bought is probably in my apartment in Tallinn, which is probably still cheaper than anything you could get in London.”
Markus Villig Nov 13, 2024 ▶ 1:21:39 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Prediction Not checkable as stated
Villig: Future mobility disruption will come from new innovations, not incumbents
“Either it's going to be something new like electric scooters, or it's going to be self-driving cars, but I think it's going to be a completely different thing that's going to shake up the market, not the existing company.”
Markus Villig Nov 13, 2024 ▶ 1:26:51 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 negative
What-if
Villig: Listening to external advice in 2019 slowed Bolt's global expansion
“Probably we should have been even more aggressive in our expansion. So if I look back at this period that we had from 2015 to 19, where we launched all of these markets remotely, it was a fantastic time. I think what we did back in 2019 was that we started rai…”
Markus Villig Nov 13, 2024 ▶ 1:19:50 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Disclosure
Villig: 30 straight candidates rejected joining Bolt at launch
“I think we talked to, it must've been at least 30 people. And every single one of them turned me down because why would you join? It's a 19 year old kid. They have no experience, no money.”
Markus Villig Nov 13, 2024 ▶ 7:43 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 negative
Disclosure
Villig: 90% of taxi drivers initially rejected joining Bolt
“90% of them immediately said, get out of my car.”
Markus Villig Nov 13, 2024 ▶ 5:46 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 positive
Assertion Not checkable as stated
Markus Villig: Former Bolt interns now manage hundreds of people
“And seeing those people who started in the company as basically interns, and now they're running hundreds of people's organizations,”
Markus Villig Nov 13, 2024 ▶ 1:22:13 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 positive
Assertion Not checkable as stated
Villig: Bolt's lead engineer produced work equivalent to ten engineers
“We have a couple of these extremely, extremely intelligent people at Bolt who really defined the company. I'd say Oliver, our lead software engineer has been like that like he was able to do alone, but It took probably 10 average engineers to do the same work,…”
Markus Villig Nov 13, 2024 ▶ 59:52 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Assertion Not publicly verifiable
Markus Villig rejected a €100 million acquisition offer from Daimler
“So they approached us and they tried to buy the business back then for maybe a hundred million euros, which obviously as a young kid would have been a fantastic outcome. So we discussed it with the founders, but my view was immediate. We don't want to sell the…”
Markus Villig Nov 13, 2024 ▶ 45:23 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Insight
Villig: Supply is always the primary bottleneck for mobility platforms
“The hard part from us from 11 years ago until today has always been the supply side. So our mantra every single time we have our internal all hands meetings for 11 years, it always ends with one slide, which is add supply.”
Markus Villig Nov 13, 2024 ▶ 15:01 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
What-if
Villig: Bolt could have grown faster by raising angel funding earlier
“I think I should have been more aggressive with initial fundraising. I think we could have sped ourselves up a couple of months if I had gotten out and raised a small angel check before I did, because we bootstrapped the company completely for about the first …”
Markus Villig Nov 13, 2024 ▶ 15:29 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
What-if
Markus Villig: Early expansion mistakes delayed Bolt's evolution by years
“I think we could have actually been more deliberate about which markets we choose to expand into. So I think that as I mentioned, we had this first wave where we just expanded with the wrong model and looking back, if we hadn't done that and we would have done…”
Markus Villig Nov 13, 2024 ▶ 40:06 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 negative
Opinion
Villig: Finding European tech leaders who scaled thousand-person companies is hard
“If so, I'd say that it's very hard to find strong people leaders in Europe who actually understand tech companies and who have actually built organizations of thousands of people that I agree with. There's just almost no tech companies of that size in Europe.”
Markus Villig Nov 13, 2024 ▶ 1:00:41 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Assertion Not checkable as stated
Markus Villig has never sacrificed sleep for Bolt in ten years
“Literally never. Over these last 10 years, I've never sacrificed sleep for the sake of the business.”
Markus Villig Nov 13, 2024 ▶ 1:25:02 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 negative
Opinion
Markus Villig: People have largely forgotten about the war in Ukraine
“I think that there's a lot of things going on well in the world of technology, but I think it's absolutely insane that we have war going on in Europe. Russia attacking Ukraine, killing people, and everybody's just basically forgotten about it.”
Markus Villig Nov 13, 2024 ▶ 1:23:59 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Disclosure
Markus Villig launched Bolt using $5,000 saved for his university fund
“My parents and I was like, hey, we really need some budget to get this thing off the ground. And we came from a very modest means in Estonia, especially back then, wasn't a rich country. So they said, yeah, we'll put aside 5000 bucks for your university fund. …”
Markus Villig Nov 13, 2024 ▶ 11:46 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 negative
Opinion
Villig: Being number two like Lyft is unsustainable without lean operations
“If I look at some of our competitors like Lyft in the US, I don't think that being a number two is sustainable. But it is a very profitable business if you're able to run a very lean operation.”
Markus Villig Nov 13, 2024 ▶ 37:24 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Assertion Not checkable as stated
Markus Villig fired seven of Bolt's first ten employees
“Out of the first 10 people I hired, I had to fire seven of them.”
Markus Villig Nov 13, 2024 ▶ 58:28 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024
Insight
Villig: Intelligence matters more than long hours when making decisions
“I'm still in the camp of intelligence, so I would rather get somebody who's very smart. It's fine if they work a bit less hours, but they make the right decisions. At least for our business you cannot compensate with hard work if you don't make the right decis…”
Markus Villig Nov 13, 2024 ▶ 59:36 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 bearish
Prediction Not checkable as stated
Villig: Lyft won't remain independent in five years under current cost structure
“I think that the, their only way out of this is to optimize their costs. I just generally don't see how they're going to be an independent company five years from now with the current cost structure.”
Markus Villig Nov 13, 2024 ▶ 37:40 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 13, 2024 negative
Opinion
Markus Villig: M&A in Ride-Hailing Is Complete Insanity
“I think all of this M&A in this ride hailing industry is complete insanity. You should not be doing that.”
Markus Villig Nov 13, 2024 ▶ 1:25:40 Markus Villig, Founder @Bolt: The Most Insane Story in Startups & The Future of Self-Driving| E1225 · 20VC with Harry Stebbings
Nov 20, 2024 negative
Disclosure
Sertoglu: Passing on Bolt's seed round was Bek Ventures' biggest loss
“I mean, one example that's probably our biggest loss is we met Bolt, the car ailing company, and they were called Taxify at the time, a small Baltics ride-hailing company, and even though, you know, Marcus, the founder, was extraordinary, we really couldn't se…”
Cem Sertoglu Nov 20, 2024 ▶ 12:31 Cem Sertoglu: Lessons from the Greatest Venture Investment in European History | E1228 · 20VC with Harry Stebbings
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