GrowVC has slowly been marketing their concept in various social media networks and today is the date they’re finally coming out with the concept and explaining it to the public. Back in December I had a chat with Valto Loikkanen, one of the co-founders of the company, and he told me the concept has been in finetuning for the last two years or so. They’ve put in a lot of effort to make sure their companies are registered and managed in the right way so that they are ready to scale once things start taking off.
The concept GrowVC is looking to disrupt is the age old venture capital business model. Many have complained that while business models in the online and mobile world have been turned upside down, one model remains loyal to the way business is done and that’s the model of investing money into startups. Furthermore, the need for capital has gone down dramatically making smaller private investors more potential investors in startups than larger venture capitalists.
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I managed to get a fresh load of stories regarding the Finnish startup scene yesterday. While the companies themselves have not made too much noise about these, they are valid to break to keep the system as transparent as possible. There are 3 investment deals and one acquisition offer that was did not go down.
I talked with John Liljelund, the CEO of AW-Energy in Lahti, Finland a few weeks ago in the Cleantech Venture Forum. He discussed various aspects in how the company was founded and where they are at the moment with their product. Not only is the story behind the company very interesting, but he goes through in detail the different stages of investment the company has received including his own march to become the CEO of the company. AW-Energy develops a product called Waveroller which harnesses energy from the energy of the waves.
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