Bicycle of the mind
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The title comes from Steve Jobs, truly original thinker. With the bikes, we start a new exciting section. More life of builders.
work in progress
Founder mode. Not sure what are reasons behind, but both Pulsetto and Vugene are back in the Founder’s hands - hired CEOs stepped down.
Media, bigger jungle. Bored Panda is amazing in re-inventing itself. 17 years as LT’s top media export: a listicle factory that NYT once profiled as 41 people who took over your Facebook feed, now 420 strong and, since September 1, Bored Panda Group. Three divisions - editorial, Bored Panda Studios (video), and Spike.
Oct 12 Spike, a preschool dragon, becomes the first LT animated series on Netflix (Latvia had Oscar-winning Flow, film before). Spike achieved Bored Panda way: a billion views on YT already. Sequence typically is that YT is the lab, Netflix to validate IP, and then toys, apparel and a books carry the margin. Interview with Tomas.
Payments, fintech. While we keep our eyes super close to the likes of Rizon, Creem or Axiology, and watch Vialet growing, Noah emerges in London with Vilnius team, and $38M seed (existing investors added 16M as revenue grew 500%). Evelina and Olga are CCO and COO there, as well as broader Vilnius team on ops / compliance. A business plugs into Noah through an API, the money moves as stablecoins, then lands in the local payment system on the other side.
Rare earth, connections. In another LT link, Solcoa Industries announced $75M to build the first commercial rare earth metallization plant ($45M in equity led by Bain Capital, plus $30M debt by J.P. Morgan) - Laurynas is Chief of Staff at the founding team there.
Internet infra is on high demand and Baltics are there crushing. Hostinger reached 10M domains under management - top 5 domain registrars globally! Following Trump’s intelligence, there is even 5k .si domains bought a day. Also, while nobody noticed... IPXO grew 60% last year and hit $31.2M in revenue.