{"id":14512,"date":"2021-07-27T15:18:29","date_gmt":"2021-07-27T12:18:29","guid":{"rendered":"https:\/\/ufuture.com\/?p=14512"},"modified":"2021-07-27T15:18:29","modified_gmt":"2021-07-27T12:18:29","slug":"startup-culture-changes-the-approach-to-understanding-money-and-its-value-constantine-yevtushenko-managing-partner-of-unit-city","status":"publish","type":"post","link":"https:\/\/ufuture.com\/en\/startup-culture-changes-the-approach-to-understanding-money-and-its-value-constantine-yevtushenko-managing-partner-of-unit-city\/","title":{"rendered":"&#8220;Startup culture changes the approach to understanding money and its value,&#8221; Constantine Yevtushenko, Managing Partner of UNIT.City"},"content":{"rendered":"<p>We need to understand how startup culture works abroad because it is just emerging in Ukraine. This is a new culture where the philosophy of creation and change takes away the sleep of talented young people and rationalizes the craziest ideas. In <a href=\"https:\/\/www.epravda.com.ua\/columns\/2021\/06\/25\/675328\/\">a column for Economichna Pravda<\/a>, Constantine Yevtushenko, Managing Partner of the innovation park UNIT.City, explains how the startup ecosystem works, the \u201cnew money\u201d market, and why Ukraine is experiencing a stage of change in its business culture.<\/p>\n<p>In the developed ecosystems of startups, people are not afraid that the idea will be stolen and they will make money on it. After all, only 2-3% of all startups become successful, and even fewer ideas are implemented. It is difficult to invent an idea, even more, difficult to implement it.<\/p>\n<h3>Why is this happening<\/h3>\n<ul>\n<li>At the start, the idea begins with the formation of a team that implements it. Then there is the need for the first money to rent an office, pay for utilities, buy the necessary.<\/li>\n<li>Raising capital begins with a seed round (sowing), when the startup tries to raise the first money, say, 50 thousand dollars.<\/li>\n<li>In the beginning, startups are funded by the FFF category \u2014 friends, family, and fools. With the first two, everything is clear, but the third category is people who sincerely believe in the success of your startup.<\/li>\n<\/ul>\n<h3>What&#8217;s next<\/h3>\n<ul>\n<li>When you go for larger rounds of financing and can sell 5-7-10% of the company&#8217;s shares, their value determines your capitalization. At the same time, you may still have a large debt burden of previous periods.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We need to understand how startup culture works abroad because it is just emerging in Ukraine. This is a new&#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-new.php","format":"chat","meta":{"footnotes":""},"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/14512"}],"collection":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/comments?post=14512"}],"version-history":[{"count":1,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/14512\/revisions"}],"predecessor-version":[{"id":14513,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/14512\/revisions\/14513"}],"wp:attachment":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/media?parent=14512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/categories?post=14512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/tags?post=14512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}