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Why Serial Entrepreneurs Make Top VCs: Google & Groupon Exits; Oura & Kickstarter Investments w/ Jyri Engeström
Manage episode 435577229 series 2925261
We’re thrilled to feature Jyri Engeström, a serial entrepreneur who found early success with exits to Google and Groupon. Now an investor, Jyri continues to shape the startup landscape as a General Partner at Yes VC, the fund he co-founded with his partner, Caterina Fake, co-founder of Flickr. At the same time, Jyri makes significant strides in building and investing in startups alongside Petteri Koponen at Lifeline Ventures in Finland.
We delve into the opportunities and technologies shaping the future, lessons Jyri has learned from his time in Silicon Valley, and how Finland is positioning itself as a global startup hub. Jyri’s deep understanding of network theory, social dynamics, and his curiosity about emerging markets—from space colonization to geopolitical shifts—makes this an episode you won’t want to miss.
TIMESTAMP / KEY TAKEAWAYS
0:00 - Intro
02:41 - The Innovator’s Dilemma, Sociology, & bi-continental life in Finland & the US
06:20 - Working in Nokia to founding Jaiku
08:56 - Google’s acquisition of Jaiku
12:52 - Selling Ditto to Groupon; “I knew to kill the app immediately after the acquisition,”
16:09 - Lessons learned as a serial entrepreneur; leadership
19:01 - New chapters with True Ventures and Yes VC; patterns of success in portfolio
25:04 - Yes VC’s super early stage approach; thoughts on legacy
32:06 - Identifying the potential unicorns; how to be curiosity-driven, continuously
37:00 - Minting the unicorns & the anti-portfolios
39:37 - The founder product fit; Petteri Koponen’s pattern of success
44:48 - Raising children; parallel entrepreneurship
49:58 - The liquidity & exit landscape and deal flow in Finland today
54:11 - Jyri's trajectory for the next five years; messages to global investors
56:29 - Billion Dollar Questions
Brought to you by Helsinki Partners
The third edition of Founders to Finland Program helps international scale-up
founders build their business network in the Nordics. This 7-day program takes place
in Helsinki in November, and its 15 selected participants get to experience the magic
of the Slush startup conference and valuable side events with a free ticket. Expect
hyper-relevant networking, personal introductions to local companies, and tailored
info sessions to learn more about the innovative spirit of the Finnish scale-up culture.
Learn more and apply by September 1!
ABOUT JYRI
Jyri has invested in several unicorns including Unity, Oura, Iceye and Boom Supersonic. Jyri’s entrepreneurial journey began with Jaiku, a mobile social networking service he co-founded with Petteri Koponen and sold to Google in 2007. He sold his second company Ditto, a recommendation service, to Groupon in 2012. In 2020 he founded Primary Diagnostics, a healthcare platform serving tens of millions of people across the U.S.
For four years Jyri was at True Ventures, a leading Silicon Valley venture fund, where he invested in e.g. Iceye, the world’s largest radar satellite constellation, with Lifeline. Alongside Lifeline Ventures Jyri is Partner at Yes VC, a venture firm he co-founded with Caterina Fake in San Francisco. Yes VC has notable investments in carbon capture, post-fossil energy, space and AI. Jyri combines company-building with venture investing. “Entrepreneurship is a skill. It takes discipline and practice. Each company we build improves our hit rate going forward.”
FOLLOW JYRI:
LinkedIn | X/Twitter | Instagram | Podcast: Startup-Ministeriön
-
PODCAST INFO:
Podcast website: https://billiondollarmoves.com
Watch on Youtube: https://tinyurl.com/sarahchenglobal
Join the community: https://sarah-chen.ck.page/billiondollarmoves
FOLLOW SARAH:
LinkedIn: https://linkedin.com/in/sarahchenglobal
Instagram: https://instagram.com/sarahchenglobal
Twitter: https://twitter.com/sarahchenglobal
129 episodios
Why Serial Entrepreneurs Make Top VCs: Google & Groupon Exits; Oura & Kickstarter Investments w/ Jyri Engeström
Billion Dollar Moves™ with Sarah Chen-Spellings | Global Venture Capital
Manage episode 435577229 series 2925261
We’re thrilled to feature Jyri Engeström, a serial entrepreneur who found early success with exits to Google and Groupon. Now an investor, Jyri continues to shape the startup landscape as a General Partner at Yes VC, the fund he co-founded with his partner, Caterina Fake, co-founder of Flickr. At the same time, Jyri makes significant strides in building and investing in startups alongside Petteri Koponen at Lifeline Ventures in Finland.
We delve into the opportunities and technologies shaping the future, lessons Jyri has learned from his time in Silicon Valley, and how Finland is positioning itself as a global startup hub. Jyri’s deep understanding of network theory, social dynamics, and his curiosity about emerging markets—from space colonization to geopolitical shifts—makes this an episode you won’t want to miss.
TIMESTAMP / KEY TAKEAWAYS
0:00 - Intro
02:41 - The Innovator’s Dilemma, Sociology, & bi-continental life in Finland & the US
06:20 - Working in Nokia to founding Jaiku
08:56 - Google’s acquisition of Jaiku
12:52 - Selling Ditto to Groupon; “I knew to kill the app immediately after the acquisition,”
16:09 - Lessons learned as a serial entrepreneur; leadership
19:01 - New chapters with True Ventures and Yes VC; patterns of success in portfolio
25:04 - Yes VC’s super early stage approach; thoughts on legacy
32:06 - Identifying the potential unicorns; how to be curiosity-driven, continuously
37:00 - Minting the unicorns & the anti-portfolios
39:37 - The founder product fit; Petteri Koponen’s pattern of success
44:48 - Raising children; parallel entrepreneurship
49:58 - The liquidity & exit landscape and deal flow in Finland today
54:11 - Jyri's trajectory for the next five years; messages to global investors
56:29 - Billion Dollar Questions
Brought to you by Helsinki Partners
The third edition of Founders to Finland Program helps international scale-up
founders build their business network in the Nordics. This 7-day program takes place
in Helsinki in November, and its 15 selected participants get to experience the magic
of the Slush startup conference and valuable side events with a free ticket. Expect
hyper-relevant networking, personal introductions to local companies, and tailored
info sessions to learn more about the innovative spirit of the Finnish scale-up culture.
Learn more and apply by September 1!
ABOUT JYRI
Jyri has invested in several unicorns including Unity, Oura, Iceye and Boom Supersonic. Jyri’s entrepreneurial journey began with Jaiku, a mobile social networking service he co-founded with Petteri Koponen and sold to Google in 2007. He sold his second company Ditto, a recommendation service, to Groupon in 2012. In 2020 he founded Primary Diagnostics, a healthcare platform serving tens of millions of people across the U.S.
For four years Jyri was at True Ventures, a leading Silicon Valley venture fund, where he invested in e.g. Iceye, the world’s largest radar satellite constellation, with Lifeline. Alongside Lifeline Ventures Jyri is Partner at Yes VC, a venture firm he co-founded with Caterina Fake in San Francisco. Yes VC has notable investments in carbon capture, post-fossil energy, space and AI. Jyri combines company-building with venture investing. “Entrepreneurship is a skill. It takes discipline and practice. Each company we build improves our hit rate going forward.”
FOLLOW JYRI:
LinkedIn | X/Twitter | Instagram | Podcast: Startup-Ministeriön
-
PODCAST INFO:
Podcast website: https://billiondollarmoves.com
Watch on Youtube: https://tinyurl.com/sarahchenglobal
Join the community: https://sarah-chen.ck.page/billiondollarmoves
FOLLOW SARAH:
LinkedIn: https://linkedin.com/in/sarahchenglobal
Instagram: https://instagram.com/sarahchenglobal
Twitter: https://twitter.com/sarahchenglobal
129 episodios
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