Ziarul Financiar, 2015: code-equity, minority stakes and a pedestrian sensor
Topics: EntrepreneurshipTremend, 2005–2022
Read the article in Ziarul Financiar ↗Softiştii români încep să ceară acţiuni la companiile străine pentru care dezvoltă produse
Tremend’s founders become minority shareholders in some of the companies they build software for, May 2015, after a start-up they had worked with was bought by Google for several tens of millions of dollars. I was then co-founder and managing partner of Tremend. Topics: the code-equity model and the start-up exia.eu.
The code-equity model
“This is the code-equity model. There are now several software companies that offer, in exchange for shares in the company in question, a reduced fee for developing the solution it asks for. With so many software developers in Romania, this direction, in which we invest in other people’s ideas, was inevitable.” („Este vorba de modelul «code-equity». Există în prezent mai multe companii de software care oferă în schimbul unor acţiuni în cadrul firmei respective un tarif redus pentru dezvoltarea soluţiei cerute. Cu atâţia softişti în România, era inerentă direcţia aceasta în care noi investim în ideile altora“)
Tremend, founded ten years earlier, at first had only foreign clients. From 2007 it also worked in Romania, on projects for media firms and for large companies such as Orange and ING.
A sensor that warns the driver
“It’s basically a sensor around the car that sends the information to the driver on a tablet, it warns him if someone is next to him.” („Practic e un senzor în jurul maşinii care transmite informaţia către şofer pe o tabletă - îl avertizează dacă este cineva lângă el“)
Tremend recently invested in exia.eu, a start-up that wants to improve pedestrian safety with a solution that warns drivers when people are near the car. Tremend’s stake is a minority one.
Read the article in Ziarul Financiar ↗
A summary of an external interview or article. Quotes are my words as published or spoken; the original is the reference.