STHLM TECH MEETUP

On Monday evening I went to the STHLM TECH MEETUP at the Hilton Hotel at Slussen. From reading all the other blogpost you probably already know what the meetup was about. But hey! Don’t stop reading here, you will have a chance to win €1 million if you read my blog post! STHLM MEETUP had invited H&M and Nordic Makers to talk about what they think is important with startups and what they are looking for when they invest in startups.

The event begun with inviting the UFC fighter Alexander ”The Mauler” Gustafsson manager. He talked about the importance of Alexander’s future and that are looking for when they are doing investments in startups.

Next up was H&M. They are having two categories they want to develop and therefore looking for startups in. The two categories were sustainable fabrics, other/new ways to reach the costumers like Sellpy.
Important factors they were looking for in a team were that the team members complement each other and the energy when presenting the ide. You should be able to feel the energy once the group enters the room.

I’m surprised that they didn’t bring up the innovation challenge they have together with KTH. The challenge is about to come up with a new innovative solution to make the fashion industry more circular and more environment friendly.  They will choose five winners that will share the price of €1 million. Here’s your chance to get your startup founded!
More information at: https://www.kth.se/innovation/nyheter/kth-partnering-global-change-award-to-reinvent-the-fashion-industry-1.669039

Next up on stage was Nordic Makers. The group consist of 10 ex entrepreneurs who makes investments in startups. They both do investments as venture capitals and as a group. They are most interested of startups in the northern countries and have a budget of 1-2 million/startup to invest.

Some learnings from the event:
– How you present your ide is crucial, not only how you present it but also how you act.
– Make sure to try your ide in an early stage.
– Numbers, investors are more interested in data then what the product is or going to do.
– Make sure to have a good team that complete each other.

Cheers! / Birk