Back in February 2009, Kristian Hiiemaa, then 29, bootstrapped Erply, a business-software startup, with three other developers in Tallinn, Estonia. They applied to Seedcamp, the London-based mentoring and investment programme, and were selected for Seedcamp Week -- in which startups are mentored -- the following September. There, they dazzled investors at the pitching stage, known as Demo Day.
A tour of the US with other Seedcamp winners to meet investors and advisers ensued, and Hiiemaa's life changed. "Between the Monday and the Friday (of the US trip), Kris had two or three unsolicited term sheets to invest from tier-one Silicon Valley VC firms," recalls Saul Klein, Seedcamp's founder and a partner at Index Ventures. "He spent the next week or two in Tallinn fielding Skype calls from 20 VCs, including an investor in Microsoft."
To read the full, original article click on this link: After the tech incubator bubble (Wired UK)
