Real5D: the new role model - European Entrepreneurship Foundation

Press Digest

During the summer, great news have shaken the the Central European startup scene: Real5D ? a company developing three-dimensional visualization technology ? raised more than 1 million dollars, after winning the ?Life 3.0? competition. The Wall Street Journal has published an interview with John Backus, a venture capitalist who has learnt how to invest in startups by having filled the shoes of the Entrepreneur for some time (combined with some Bain Capital experience). The Economist brought Roald Dahl?s most famous child book as an example for how an entrepreneur can be really innovative. Last but not least today?s joblessness can be cured with the spread of the E-virus, according to Inc.com. This is what EEF is working on every day: to turn around people?s minds, and let them create their own dream job.

3D Startup Real5D Raises $1.2m To Let You Walk Around Construction Plans ? Techcrunch.com, July 19, 2012

3D visualization technology has been around for some time, so Real5D closing a $1.2 million Seria A rund from the U.S. venture fund DoubleRock might look out of place to some. But San Francisco-based startup Real5D has taken 3D visualization to an interesting level of interactivity by applying it to the needs of the commercial real estate industry. Founded by the Hungarian Balazs Farago, Real5D received funds in its bank account within days after winning the competition at the Funders and Founders event Life 3.0 ? Augmented Reality and New Media, and meeting its new investor Suraj Kumar Rajwani, the co-founder and general partner of DoubleRock Venture Capital, shortly afterwards.

Value Added: A venture capitalist learned to invest in entrepreneurs by becoming one first ? The Washington Post, August 5, 2012

I write a lot about venture capital but not enough about venture capitalists. So I called John Backus, 53, who is a managing partner at New Atlantic Ventures in Reston.Backus?s firm has invested $225?million in 35 companies, and he sits on the board of five of them. He?s chatty, the sort who likes to quote Warren Buffett. I met him at his Northern Virginia home about a year ago when he hosted a party for a bunch of area entrepreneurs. He grabbed my interest with stories from his days as a consultant and entrepreneur at Bain & Co. and, subsequently, at Bain Capital. One of his bosses at Bain was Mitt Romney, the Republican candidate for president.

Intoxivation ? The Economist, July 14, 2012

?Roald Dahl, a children?s author, wrote the best study of innovation in the food-and-drink industry. In ?Charlie and the Chocolate Factory?, he describes how old products can be delivered in new ways (eg, by teleporting chocolate bars into people?s homes via television). And he describes how a gifted innovator can produce entirely new products, such as cavity-filling caramels and everlasting gobstoppers.

Entrepreneurship Education for the Jobless ? Inc.com, August 3, 2012

Kim lives just outside of New York City. But her story will sound familiar to many folks all around the country. After being employed at a large financial services firm for most of her career, several years ago?amid the general economic turmoil?she found herself out of job and unable to find another gig on par with her previous post. Unemployment benefits helped bridge the gap, but she needed a longer-term solution. Her job-skills were apparently no longer in demand. But Kim had another gift?the ability to make some pretty great homemade jam.

What Entrepreneurs Can Learn From Olympic Athletes. And Vice Versa ? The Forbes, July 24, 2012

As the world counts down to the opening ceremony of the 2012 Summer Olympic Games, I am reminded of the unique makeup and character traits that distinguish Olympians from fellow athletes and drive them to achieve greatness. I will be enjoying the Olympic Games along with billions of others, inspired by the herculean efforts of amazingly dedicated athletes from all over the world.

The Best Annual Tech Startup Events In?Europe ? July 24, 2012, Techcrunch.com

Well, I guess I?m about to be shot down here. For a while I?ve been contemplating a post about all the annual events in Europe which are specifically relevant to tech startups. Now when I say that, I do not mean hacker meetups in bars, or monthly events in various European cities. I mean Annual conferences and events where you will find startups, tech entrepreneurs and investors either milling about at a big general event on innovation (like DLD) or pitching on stage at a conference like Le Web.

Source: http://www.europreneurs.org/2012/08/real5d-the-new-role-model/

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