Deepdive of East Europe Startup World with Flashpoint's Alex Konoplyasty
Description
We spoke with Alex Konoplyasty, co-founder of Flashpoint Ventures, about big global trends, the possible implications of the war in Eastern Europe, and why it's still early days of greentech investments in the region.
London-headquartered Flashpoint manages assets worth 450-500 million and is known for investments in the firms like Chess.com and Guesty.
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A few key takeaways from Alex Konoplyasty:
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"In this type of environment, we recommend our portfolio companies raise money as soon as possible. If they're raising money now, they should like to keep raising. If not, they should go out and start raising right now, as fast as they can. Valuation is less important; I think it's more important to capitalize yourself for the next couple of years to make sure you have capital."
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"We don't know how the consumer is going to adjust to this, like the terrible shock that is happening around the energy. Maybe they adjust in a way that we don't expect today, then maybe it's not going to be as bad as we expected, right? And we've seen historically people do adjust in shock situations - when it's gradual, it's sort of okay, but when it's like shock, people tend to change their behaviour."
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"In 2015, after Crimea, I decided that I didn't want to do anything with Russia. At all. We don't do any business in Russia. Like, we didn't do anything there after 2015. It was a very strategic decision for us."
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