Everything Nektarios Liolios said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Incumbent Financial Institutions Will Not Catch Up to Robo-Advisors
“I don't think the large incumbents will actually be able to catch up.”
InsurTech Is Less Crowded and More Lucrative Than FinTech
“We're close to reaching peak fintech when it comes to the hype, and little by little, entrepreneurs are figuring out that, that the insurance space is, is potentially more lucrative, it's less crowded, there's a bigger, there's so many problems to solve, they'…”
Startupbootcamp FinTech refuses to accept solo founders into its accelerator
“We don't take single founders.”
Startupbootcamp Takes 6% Equity and Provides €15,000 Cash
“We take six percent equity and the startups pay they give us the equity for the program. We give them cash. We give them 15,000 euros cash, but it's not a reflection on the valuation of the company.”
FinTech Focus Is Shifting From Payments to Wealth Management
“We have seen a move away from payments and lending as being the key fintech themes. And we now move increasingly towards investment related stuff”
Corporate Partners, Not Startup Exits, Fund Startupbootcamp's Operations
“So our program is funded by the industry players who participate in this. So when we have 10 banks in one program or in, in the insurtech program, we've got 17 insurtech partners, insurance industry players who put money into the program. So for us, this is re…”
Startupbootcamp FinTech requires a prototype or MVP to accept startups
“So that's a minimum requirement for us. So we don't go just by PowerPoints and Excel spreadsheets. We need to have a prototype or an MVP of sorts.”
Effective startup teams require product, sales, and tech leads
“And a team ideally should have at least three different profiles. We have taken teams in that were two founders who put something together, but very quickly you realize that the team needs to grow, and it needs to have somebody who understands the product, som…”
Liolios predicts crowdfunding aggregator InvestUp will go very far
“One of them is InvestUp, a crowdfunding aggregator. They've just launched, they're a great bunch of guys they are going to go very far.”
Buzzmove Was Startupbootcamp's Highest-Funded Alumni as of 2017
“The company that raised more money is a company called Buzzmove, which is a team that we had in our insure tech program in London last year.”
Running a Single Accelerator Location Costs About $1M Annually
“About a million US a year.”
Rainmaking Innovation Generates Revenue Through Corporate Consulting
“So what we do is we actually make money out of the corporate engagements that go outside the accelerator.”
Startupbootcamp FinTech replaced main-stage Demo Day pitches with rotation mini-stages
“So we actually didn't have the startups pitch on stage. We had for each startup a mini stage where they had to pitch five times consecutively and investors in the room had to pick five out of the 10 startups that they really wanted to talk to.”
Liolios has not personally invested in startups since the 2000 dot-com crash
“Personally, actually, I haven't invested in a company since I've burned my fingers in the dot-com area, so era in, in, in 2000, so I will be a disappointment in that.”
Startupbootcamp Graduated 400 Companies Across 60 Programs by 2017
“We have now had about 60 programs in the fintech and insured kind of verticals but overall we started bootcamp. We now had 400 companies that graduated.”
Startupbootcamp FinTech Targets Pre-Seed Teams With Unlaunched Products
“The teams we work with are usually very early stage. They are usually early stage, pre-seed. So they come to us with a product that is usually not ready for launch yet, and they use a program to validate the proposition, to do all the customer discovery and al…”
Startupbootcamp FinTech does not directly invest capital into participating startups
“So we don't fund startups ourselves. We don't have a fund behind. We don't put any money into the startups.”