Venture Building - Do You Already Know Europe's Most Successful Cases?
About the author
Hi, I’m Sarah Puscz, and Digital Transformation Manager at Etribes. My professional career has already taken me through corporations as well as startups. In addition, I also founded my own fashion company, which focuses on stylish clothing for modern-age curvy girls.
In this blog post, I want to tell you what establishing a venture means to me, which key components are critical to their success, and elaborate on the characteristics of venture builders. Additionally, learn more about the best practices across Europe regarding venture building. If you have any questions about this post or want to share your experiences, feel free to contact me below via the contact form or on LinkedIn.
21. February / Sarah Puscz
What is the key to venture building, and what distinguishes venture builders?
Building a venture is about having a big dream and creating something that has the potential to change an industry. It requires a lot of hard work, a good network, a bit of luck, and a pinch of magic to transform an idea into a successful business. However, without prior knowledge of how to build a digital company, it can be challenging to come up with a specific plan to make it happen. That’s where venture builders come in.
Venture builders are experts in optimizing the process of building successful businesses. They have acquired the knowledge, expertise, and network to turn ideas into profitable companies. They rely on a team of serial entrepreneurs, an approved framework, and their past experience to avoid mistakes and provide an unfair advantage to the ideas they work with.
Best practice: Europe is the home of venture builders
Europe is home to some of the most exciting venture builders, who are constantly striving to develop innovative companies. Now, we will highlight some of Europe’s most successful venture-building cases and the companies that made these big dreams come true.
Zalando
One of Germany's leading e-commerce platforms for fashion and lifestyle products was founded in 2008 and developed by Rocket Internet, a Berlin-based venture builder. Rocket Internet used to focus on building companies, but now they invest in internet and tech companies globally.
Solaris
The banking-as-a-service platform was established in 2015 by Finleap, a fintech-focused company builder based in Berlin. Finleap aims to revolutionize the fintech industry and has helped build 15 companies to date.
HomeToGo
This company operates the largest marketplace for booking and renting vacation homes and apartments. It was founded in 2014 as one of TruVenturo's first ventures and has since grown to 23 companies built by the Berlin-based tech hub venture builder DevelopX by TruVenturo.
Heycar
Founded in 2017, Heycar is a platform for quality used cars in the automotive industry. It was founded by BCG Digital Ventures and Volkswagen Financial Services. BCG Digital Ventures has launched around 200 companies in various industries.
AboutYou
One of Europe's fastest-growing fashion e-commerce companies, AboutYou was founded in 2013 by Etribes and the Otto Group. The Hamburg-based company builder, Etribes, has participated in building over 200 digital business models.
VAI
A Berlin-based fintech founded in 2016, VAI offers instant and uncomplicated purchase financing for small and medium-sized enterprises. It was initiated by Bridgemaker, a venture builder that focuses on building tech companies within the B2B space and has participated in building around 20 companies.
MyTaxi
Founded in 2009 in Hamburg, MyTaxi was the world's first app for ordering a cab. It was developed by Orbit Digital, a German venture builder as part of the Etribes Group based in Hamburg that was involved in the development of around 120 venture-building projects, including MyTaxi and car2go.
"Building a venture is about having a big dream and creating something that has the potential to change an industry. It requires a lot of hard work, a good network, a bit of luck, and a pinch of magic to transform an idea into a successful business."
Sarah Pusz, Digital Transformation Manager Etribes
Let's work together on your own venture
Building successful ventures is a result of time, knowledge, expertise, and resources. Venture builders bring these qualities to the table and have already built successful companies, so they know what it takes to develop a business. If you’re looking to build a venture, working with a venture builder can be the right choice for you.
In conclusion, Europe is home to some of the most successful venture builders and companies. From Zalando to MyTaxi, these companies have transformed ideas into big dreams come true, and their success stories serve as inspiration for entrepreneurs everywhere. If you’re thinking of building a venture, consider working with a venture builder who can bring their expertise, network, and resources to the table.