We have been thinking of setting up special purpose vehicles (SPVs) to invest in growth rounds of Fund I portfolio companies as massive winners like Carbon Health, BillionToOne, and Insider mature just to name a few. If you want to learn more about SPVs, you can start here.

Plum is…

Publishers are devoting valuable UA & BI resources to the most promising studios, devoiding studios with lower initial test KPIs of a chance at developing hit games, which in turn are losing motivation and interest. The top publishing houses have clear key performance indicators for publishing a game — and…

The most profound movement in the next decade will be the transition from logic-based software to learnıng-based software. Conventional rule-based software development systems are slowly being replaced by AI systems that need a tremendous amount of sophisticated datasets to operate efficiently.

Although there has been progress in unsupervised learning methods…

International payments and money transfers are still painful as they utilize too many intermediaries, resulting in slow, expensive, and opaque processes​. Modern technology players in the remittance space (Wise or Payoneer) challenged banks and other legacy providers (i.e. Western Union), but even these novel players struggle with instant settlement and…

Glocal is a podcast on locally incubated global startup success stories.

OpsGenie (featured in Ep.2) is an IT incident management software that was bought by Atlassian for $295M at around 20x revenue multiple (my guesstimate). Below are some of the potential reasons from my conversation with Berkay on Glocal.

1) Focus on collaboration and orchestration


Hope in the face of difficulty. Hope in the face of uncertainty. The audacity of hope! In the end, that is God’s greatest gift to us, the bedrock of this nation. A belief in things not seen. A belief that there are better days ahead. — Barack Obama, 2004

Still at embryonic stage, Pakistani startup scene is evolving fast as entrepreneurs tackle the country’s vital problems and hustle to make a lasting impact.

The digital revolution enabled Pakistani entrepreneurs to develop innovative solutions to country’s massive challenges like fake pharmaceutical products, access to clean water and stable electricity —…

If investing in the business has the potential to yield exponential growth, why not burn it all?

VCs love companies that burn cash in order to grow fast and bring more positive progress as cash gets converted into supposedly bigger assets.

Contrarian to the general belief, I believe it is critical for seed stage companies to achieve early sustainability in order to have enough runway to pivot as much as needed and experiment with different business models, industries and value propositions.

Entrepreneurship is a game of attrition

Almost none of the seed stage startups have the right…

Ukrainians already put a stamp on Silicon Valley with outstanding companies like Whatsapp (Jan Koum), Paypal and Affirm (Max Levchin).

Still at the dawn of its tech revolution, Ukraine is headed to become a startup powerhouse with many more global success stories to come.

Strong tech education provides a powerful foundation.

Country’s robust education system creates close…

Monkeys are superior to men: when a monkey looks into a mirror, he sees a monkey.

Investors analyze a variety of factors about the team, product, traction and market before investing. But in early stage investing, there’s really one quality that trumps all: self-awareness.

Well-informed on every aspect of the business, self-aware founders portray confidence and reliability, that make investors feel impressed and helpless.

I love feeling ignorant and it is addictive!

Great team…

Peace comes from within. Do not seek it without. — Buddha

The paradigm shift in technology adoption, funding and startup formation in Southeast Asia gave rise to 6 unicorns and the region gathered more attention around the globe. MENA has an even bigger adoption and excessive investable capital, but fell short of expectations — as always.

There are many reasons why…

Enis Hulli

Partner @500Startups Istanbul, enis@500.co, Glocal Podcast theglocal.co

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