European startup founders: Solving your own problem is not enough

Andrej Kiska is an associate at Credo Ventures. “I am building a startup that solves a problem I experience frequently.” I am a big fan of founders who build their startup on the above-mentioned premise, since such a startup is most likely tackling a real-world problem (an increasingly rare phenomenon in today’s world). Many accelerators and angel investors preach that a startup in its earliest phases should predominantly focus on solving a real problem for an individual/company. Some of the most famous early stage institutions such as Y Combinator embrace it wholeheartedly: in one of its 2014 batches, YC had...

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