Digital solutions for business in Romania - Smart Bill
Summary
TLDRSmartville, a Romanian inventory management software company, was founded 12 years ago by three co-founders who started from scratch. The company became a market leader within a year after Romania began issuing invoices electronically. Mariana, a venture capital manager with Catalyst Romania, explains their investment in Smartville seven years ago, emphasizing the importance of smart money and personal development for entrepreneurs. The funds were used for marketing, sales, and developing a new accounting software set to revolutionize the Romanian market. Cristian, founder of Canopy, praises Smartville's openness to client ideas and acknowledges the increasing value of software in business. The video highlights the competitive advantage Romania offers in talent and the optimism for future startups, with a nod to the challenges and rewards of entrepreneurship.
Takeaways
- 🚀 Smartville is a company that specializes in employment and inventory management software.
- 📈 The company was founded nearly 12 years ago by three co-founders, and they became market leaders within a year.
- 💡 The founders started with no money and no experience, but they had a desire to do something different.
- 👩💼 Mariana is a venture capital manager with Catalyst Romania, who invested in Smartville seven years ago.
- 💼 The investment was supported by the European Union and was aimed at personal development for entrepreneurs and managers.
- 📊 The company has grown over 50% year-over-year, using funds for growth, marketing, sales, and product development.
- 💡 They are developing a new accounting software that is expected to be a game-changer in Romania.
- 💰 Without the financing, Smartville's growth would have been much slower.
- 🤝 Media and his colleagues rely on Mariana for making the right decisions and guiding the company's growth.
- 🌟 Cristian, the founder of Canopy, praises Smartville for being open to client ideas and emphasizes the importance of software in business.
- 🌍 Being part of the EU has helped Romania become more competitive globally and is a great place to find talent.
- 🚀 Despite the challenges, entrepreneurship is a path that the speakers would choose repeatedly.
Q & A
What is Smartville and what does it specialize in?
-Smartville is an employment and inventory management software company. It was founded nearly 12 years ago and became a market leader within a year of Romania entering the EU, when invoices could be issued on computers for the first time.
What was the initial condition of Smartville when it started?
-Smartville started from zero with no money and no experience, as mentioned by one of the co-founders.
Who is Mariana and what is her role in relation to Smartville?
-Mariana is a venture capital manager with Catalyst Romania. She invested in Smartville seven years ago with support from the European Union.
What was the purpose of Mariana's investment in Smartville?
-Mariana's investment was aimed at personal development for the entrepreneurs and managers of Smartville, to help them grow their business.
How has Smartville grown since Mariana's investment?
-Smartville has grown with over 50% year-over-year, using the funds for growth in marketing, sales, and product development.
What is the significance of the new accounting software that Smartville is building?
-The new accounting software being developed by Smartville is expected to be a game-changer in Romania.
How would Smartville's growth have been different without the financing from Mariana's investment?
-Without the financing, Smartville would have grown at a much slower pace.
What type of money does a company like Smartville need according to the transcript?
-Smartville needs 'smart money', which implies funding that is not just financial but also strategic and supportive in nature.
Who is Maurice and what is his role in Smartville's growth?
-Maurice is a person who has joined the board with Smartville. He helps the company make the right decisions and guides its growth in the desired direction.
What is the significance of Smartville's openness to client ideas as mentioned by Cristian?
-Smartville's openness to client ideas is one of the things that Cristian, the founder of Canopy, loves about the company. It indicates a customer-centric approach that likely contributes to its success.
How has being part of the EU helped Romania in terms of competitiveness and talent?
-Being part of the EU has helped Romania become much more competitive on a global market and is a great place to find talent, as stated by Mariana.
What is the general sentiment towards entrepreneurship in Romania as portrayed in the transcript?
-The general sentiment is optimistic, with the belief that more startups will rise from Romania. However, it is also acknowledged that entrepreneurship is not as easy as it looks from the outside.
Outlines
🚀 Smartville's Growth and Success
Smartville is a software company specializing in inventory management, founded by three co-founders 12 years ago in Romania. The company quickly became a market leader after the introduction of computerized invoicing. Mariana, a venture capital manager at Catalyst Romania, discusses the company's growth since receiving an investment from the European Union seven years ago. The funds were used for marketing, sales, and the development of a new accounting software, which is expected to revolutionize the Romanian market. Smartville's growth has been over 50% year-over-year, and the company is known for its openness to client ideas and its contribution to Romania's competitiveness on the global market.
Mindmap
Keywords
💡Smartville
💡Co-founders
💡Romania
💡Venture Capital Manager
💡European Union (EU)
💡Personal Development
💡Year-Over-Year Growth
💡Marketing and Sales
💡Accounting Software
💡Smart Money
💡Canopy
💡Global Competitiveness
💡Entrepreneurship
Highlights
Smartville is an employment and inventory management software company.
The company was founded 12 years ago when Romania entered the EU.
Invoices could be issued on computers for the first time.
Smartville became a market leader within a year.
The founders started with zero money and zero experience.
Mariana is a venture capital manager with Catalyst Romania.
Catalyst Romania invested in Smartville seven years ago with EU support.
The company was interested in personal development for entrepreneurs and managers.
Smartville grew over 50% year-over-year.
Funds were used for growth, marketing, sales, and product development.
Smartville is building a new accounting software expected to be a game-changer in Romania.
Without financing, Smartville's growth would have been much slower.
Smartville needs smart money, not just any kind of money.
Media and colleagues rely on Mariana for making the right decisions.
Cristian, founder of Canopy, has been using Smartville from day one.
Software is now understood to be valuable and not optional.
Smartville is open to client ideas and feedback.
EU membership has helped Romania become more competitive globally.
Romania is a great place to find talent.
There is optimism for more startups emerging from Romania.
Entrepreneurship is not as easy as it seems from the outside.
Despite challenges, the path of entrepreneurship is still chosen repeatedly.
Transcripts
[Music]
smartville is an employ Singh and
inventory management software we are
three co-founders and we've started the
company nearly 12 years ago when Romania
entered the you the invoices could for
the first time be issued on computers
one year later a small bit was already a
market leader
we had a desire to do something
different we started from zero with zero
money zero experience I am Mariana and
I'm venture capital manager with
catalyst Romania fun seven years ago we
invested in smart bill with support from
the European Union when they came to me
to present their business they were
interested for personal development in
terms of entrepreneurs and managers for
their own business and ever since the
company grew with over 50%
year-over-year
we use the fund for growth for marketing
and sales for direct growth and part
development as we build the new
accounting software that will be a
game-changer in Romania without the
financing we would have grown at a much
slower pace companies like smart bill
needs smart money not just any kind of
money whenever media or his colleagues
need something they come to me as we had
Maurice on board with us and he really
helps us make the right decisions for
smart bill and grow the company in the
direction we want my name is Cristian
I'm the founder of canopy we are using
smart bill from the day one nowadays
companies understand the value of
software it's not optional any more and
more and more people understand this one
thing that I love it smart bill is that
they are very open to their client ideas
being part of the you has helped Romania
become much more competitive on a global
market Romania is a great place to find
talent and I am very optimistic that
more and more startups will rise for
more from here of course
entrepreneurship is not as easy as it
looks from the outside but I would still
choose the same path over and over again
if I
the chest
[Music]
you
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