João Barros: Fundraising in Silicon Valley, building Veniam and selling it to Nexar
I recorded an interview with João Barros, a Portuguese scientist, entrepreneur, and Chief Platform Officer at Nexar Inc. In this interview, João shares his journey from founding Veniam Inc. to its acquisition by Nexar. Learn about João’s experience raising $45.5 million for Veniam and his time in Silicon Valley, where he attracted investments and expanded his network. We covered topics such as the power of data in urban planning, the future of digital mobility, and AI.
You can also check out a short article based on this interview:
01:59 The story of founding Veniam in 2012
07:52 First money raised for Veniam
09:10 How companies usually find potential new technologies in universities
10:41 The products of Veniam and StreamBolico at the early stage, first customers
18:10 What happened to Streambollico
19:22 What is Nexar’s product. The integration of Veniam’s and Nexar’s software
22:00 Smart city applications. Customers of Nexar’s services
25:23 Nexar’s business model
29:00 Competition and collaboration
31:52 Investment rounds in Veniam
34:50 Moving from hardware to software
37:31 How are technologies developed?
42:33 The price for registering a patent
42:47 Managing an international team
50:14 Approaches to hiring people
54:18 Product market fit in Veniam
56:59 Feelings when getting an investment
59:32 Challenges and opportunities for the transportation sector
01:01:42 The world with people using public transport and automatic vehicles only
01:04:27 Car sharing services in Portugal
01:05:29 New startup ideas in the field of transportation
01:09:11 Possibility of a fast EV charging
01:10:07 Technologies that might change our lives. Artificial Intelligence
01:14:11 Moving to Silicon Valley in 2014
01:16:23 Developing network in Silicon Valley
01:28:10 Comparing life Portugal and the US
01:32:14 10 years later, is it still worth going to Silicon Valley to do business and raise money?
01:34:00 Is it an advantage that in Portugal you can hire people with less salaries than in Silicon Valley?
01:35:50 Managing a startup remotely without an office
01:37:48 The most valuable lessons João learned in Silicon Valley
João Barros on linkedIn
Nexar Inc.
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