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startuprad.io – Startup podcast from Germany

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  • German Startup News (Video)

    This Month in German Startups – Covid19 Flash – Changes to Insolvencis in Germany

    Covid 19 Coverage of Startuprad.io

     

    Our affiliate partners:

    Startup in need of a bank account? Try our partner Penta http://bit.ly/3bdHX3d

    Looking for a bank account to shift between crypto and fiat? Try our partner Bitwala: http://bit.ly/2w01Zye

    Need office space? Co-Working at WeWork https://we.co/2GYbxvS

    Need something done fast? SEO / Graphics / Sounds / Transcript look at Fiverr: http://bit.ly/2S0f2YF

    You can listen to many of the books from our recommendations with an audible subscription: https://amzn.to/2pGzseh

     

    Welcome

    Welcome to the 2nd episode of our special covid19 coverage for the German startup scene. This is a special issue with an attorney at law Tim, focusing on special legislation in Germany for the shutdown of public life and the consequences for a business. 

    Our Guest

    Tim Wullbrandt (Attorney at Law) http://www.wullbrandt-rechtsanwaelte.de/heidelberg-based-law-firm-experienced-attorneys-for-criminal-defense-family-law-insolvency-law-in-germany/ 

    Article by Tim (German) about the new legal rules:

    Neue Gesetze wegen Corona-Krise – was ändert sich? https://buff.ly/2xltPp4 

     

    Our Scope

    Everything we discuss here only holds true in GERMANY since Startuprad.io is focused here. The rules, laws, and regulations do not apply anywhere else. 

     

    Give us Feedback

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA 

     

    Find the host here:

    Jörn “Joe” Menninger joe@startuprad.io / Twitter  / LinkedIn / Video Interview (2018)

     

    Keep in mind, there are many people out there looking for help AND THERE WILL BE SCAMMERS, so validate your sources, start from associations and government pages. Be wary of potential scams. 

    • There is an explicit warning on the official portal for insolvency filings in Germany – Insolvenzbekanntmachungen https://buff.ly/2J7RM62

     

    Normal insolvency filings and proceedings

    • Reasons for insolvency
      • Insolvency / Illiquidity
      • Imminent illiquidity (time frame unclear)
      • Overextension, you have more depth than assets 
    • Insolvency application
    • Examination of application
    • Opening of insolvency proceedings

     

    Upfront tax payments / prepaid taxes https://www.sapling.com/8419090/prepaid-taxes 

    Shareholder loans https://www.financierworldwide.com/shareholder-loans-under-german-insolvency-law#.Xno2T4hKhhE 

     

    Special about this situation with Covid19, as of March 2020

    Here is the link to the current bill/draft law on the homepage of the German Federal Ministry of Justice https://www.bmjv.de/SharedDocs/Gesetzgebungsverfahren/DE/FH_AbmilderungFolgenCovid-19.html

    Content:

    Under certain conditions, there is no obligation to file for insolvency until September 30th, 2020. 

    There is a restriction for termination of rental contracts (think offices)

    There is also relaxation for decision making for legal entities 

    ⇒ Talk to your lawyer about it!

     

    The Video Interview (published March 24th)

     

    Top Book Picks by 28-year-old serial entrepreneur Peter (AL)

    Principles by Ray Dalio https://amzn.to/38ZgmB7

    The man who solved the market https://amzn.to/2SZ6Jgw

    What You Do Is Who You Are: How to Create Your Business Culture https://amzn.to/2SYi00x

    The little prince https://amzn.to/3c6hWDm

    Friedrich Nietzsche’s Books:

    • Ecce Homo: How One Becomes What One is https://amzn.to/2HSuAYD
    • Thus Spoke Zarathustra: A Book for All and None https://amzn.to/37W2qGL

    Herman Hesse’s Books

    • Siddhartha https://amzn.to/2PpJzO3
    • Steppenwolf https://amzn.to/32pSPqI

     

    Further readings and helpful links

    • This is the only reliable English source we could find so far: SARS-CoV-2/COVID-19: Collected Best Practices of the German Startup Scene – German Startups Association

    They launched a specific website” The Startup Corona Handbook” https://buff.ly/2J4UOI0 

    • There is also a helpful page by the challenger bank Penta: https://getpenta.com/de/unterstuetzung-waehrend-corona/?utm_source=announcement&utm_medium=headway&utm_campaign=corona
    • There is a German-only checklist by the Frankfurt Chamber of Commerce to make sure you don’t forget anything https://twitter.com/IHK_FFM/status/1240975669695315969
    • FastBill’s Link list, in German only and focusing on freelancers: https://blog.fastbill.com/corona-pandemie/ 

     

    Our Podcasts

    • 💢 Fintech Germany by Startuprad.io 
      • iTunes: http://apple.co/2lLRlpG 
      • Spotify: http://spoti.fi/2m8HWsb
    • 💢 Security Sutra by Startuprad.io
      • iTunes: https://apple.co/2K0qLlH
      • Spotify: https://spoti.fi/33rrlAD
    • 💢 Deeptech Germany
      • iTunes: https://apple.co/2oWO3Sl 
      • Spotify https://spoti.fi/2qucve8
    • 💢 Blockchain Germany
      • iTunes: https://apple.co/2O2jwLx
      • Spotify https://spoti.fi/2qucve8
    • 💢 German Startup News (Video)
      • iTunes https://apple.co/3agUim9 
    • 💢 German Startup News (Audio)
      • iTunes https://apple.co/2Jg2fMw 
      • Spotify https://spoti.fi/2UeZ3ah 

    Schreibe einen Kommentar

    This Month in German Startups – Corona Flash – March 19th 2020

    This Month in German Startups – Corona Flash – March 19th, 2020

    This is a special format for our startup news. We will keep you updated on the developing Covid19 story and its impact on the German startup scene.

    If you are new to our podcast(s), we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York. Have a look at our website www.startuprad.io or www.startup.radio and you will find all the links to our recording and the articles we are quoting from there. Some of the source articles are in English, some are in German.

     

    Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners share links or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA 

    _____________

    Our affiliate partners:

    Startup in need of a bank account? Try our partner Penta http://bit.ly/3bdHX3d

    Looking for a bank account to shift between crypto and fiat? Try our partner Bitwala: http://bit.ly/2w01Zye

    Need office space? Co-Working at WeWork https://we.co/2GYbxvS

    Need something done fast? SEO / Graphics / Sounds / Transcript look at Fiverr: http://bit.ly/2S0f2YF

    You can listen to many of the books from our recommendations with an audible subscription: https://amzn.to/2pGzseh

    ____________

    Find the host here:

    Jörn “Joe” Menninger joe@startuprad.io / Twitter  / LinkedIn / Video Interview (2018)

     

    Intro

    Hi there,

    This is Joe from Startuprad.io. Since the Corona outbreak in Europe, we surpassed 150.000 subscribers. I would like to thank you all and keep you up to date with the current development. 

    Public life in Germany is now  greatly reduced. In most of Germany’s sixteen states the opening hours of bars and restaurants are severely limited and only selected stores (think groceries, pharmacies, …) remain open during normal hours.

    This has a great impact on startups in Germany, from changing to remote-only work, to a heavy drag on revenues, to finding emergency funding. We thought we would give you an overview, as a short flash update.

    We want to provide you with collections of links and reports, that point you where to find information, help and can read more. 

     

    German Startup Association’s Link Collection

    “This is a list of *public* coronavirus // Covid-19 communications/measures and resources.

    Disclaimer: The content below is crowdsourcing content, so it is not independently verified. It is intended as a resource for founders and management teams who are currently discussing their own actions on SARS-CoV-2/COVID-19 and want to learn from the ecosystem. “

    SARS-CoV-2/COVID-19: Collected Best Practices of the German Startup Scene – German Startups Association

    https://docs.google.com/document/d/1UKRxxg3SiOH7hBUnS8Tn81zAqoG4KcWBpSPBTpfidzk/preview

    Some highlights from the document:

    • Guide to support measures for startups affected by coronavirus | Sifted https://buff.ly/2QqjAXh
    • COVID-19 Symptoms and what to do, incl. list of links and phone numbers in relevant geographies – 15.3.20
    • Kurzarbeit is in Germany short term measures to support companies, where part of the employees pay is taken over by the government. Find more information here: Very Detailed Frequently Asked Questions on Kurzarbeit – 17.3.2020
    • Obligation to file for insolvency due to corona suspended for companies in Germany – 16.3.2020
    • Global collection of VC resources, measurement lists, blog posts and other communications – 18.3.2020

     

    Other Link Collections

    What to consider?

    Time to plan now. Consider this situation going on for weeks, even months and make plans accordingly. For all startups cash is king!

    Here are examples of measures put together by the German government.

    • Measures of the German Federal Ministry of Economics: https://www.bmwi.de/Redaktion/DE/Downloads/S-T/schutzschild-fuer-beschaeftigte-und-unternehmen.pdf?__blob=publicationFile&v=12
    • Employment law, what to consider in Germany https://www.bmas.de/DE/Presse/Meldungen/2020/corona-virus-arbeitsrechtliche-auswirkungen.html
    • Kurzarbeitergeld Application for companies in Germany: https://www.arbeitsagentur.de/unternehmen/finanziell/kurzarbeitergeld-uebersicht-kurzarbeitergeldformen
      https://www.arbeitsagentur.de/unternehmen/finanziell/kurzarbeitergeld-video
      https://www.bundesregierung.de/breg-de/themen/coronavirus/bundestag-kurzarbeitergeld-1729626
    • Here is a list and hotline for companies with (potential) Liquidity Problems from the German Ministry of finance, mostly listing regional economic development banks – Fördermittel-Hotline (030) 18615 8000 des Bundeswirtschaftsministeriums https://www.foerderdatenbank.de/SiteGlobals/FDB/Forms/Suche/Expertensuche_Formular.html?submit=Suchen&filterCategories=FundingOrganisation&filterCategories=FundingProgram&cl2Processes_Foerderbereich=corona
    • Corona Information for Companies by Technologieland Hessen https://buff.ly/395yqsA Links to updates, sources for short term financing and FAQ lists
    • Frankfurt-based fintech Fastbill has a great collection of corona related links, tailored to freelancers (German only): Corona-Pandemie: Hilfen und Tipps für Selbstständige https://buff.ly/2WorQuN
    • There is also a great collection by our friends of Penta, the Berlin-based challenger bank https://buff.ly/3b6HyPl They have application forms for the German Finanzamt, to lighten the tax burden to application forms for short term work (Kurzarbeit from above).

     

    Related News

    Startups developing tech to combat COVID-19 urged to apply for fast-track EU funding – TechCrunch https://buff.ly/2WtqyyL 

     

    Good news from the German federal government, they promise up to 40 bn Euros in aid and loans to freelancers and SMEs – DER SPIEGEL – Wirtschaft https://buff.ly/2U5wlc9?utm_source=-custom-by-source-0- Keep in mind, this will not all go to startups, but we will keep you updated on the measures, as well as when and where to apply.  

     

    Potential Time Frame

    A snapshot of China, the epicenter of Corona right now from the NY Times: China Hits a Coronavirus Milestone: No New Local Infections https://buff.ly/2Ux9S6T Drastic measures have been taken there, since January 22nd. This gives us a potential time frame of almost 60 days. Keep in mind without proper vaccination the virus could re-emerge after restrictions are lifted.

     

    There is a paper by the Imperial College UK, which focuses on the UK and US, but is a guide for the duration of potential measures. This paper forecasts the height of deaths in the UK mid/end of May and in the US at the beginning/mid of June. Keep in mind, even though we will be through the Corona crisis, we may face another outbreak in the coming winter, without vaccination. This does not mean, there will be one. None the less you should factor this in as one potential scenario in your plans https://www.imperial.ac.uk/media/imperial-college/medicine/sph/ide/gida-fellowships/Imperial-College-COVID19-NPI-modelling-16-03-2020.pdf

     

    Further readings

    EU-Startups has 10 tips for productive homeworking https://buff.ly/2U9YyNN 

    Publications by Deloitte on the impact of COVID19 on financial services (US focus):

    • The impact of COVID-19 on investment management | Deloitte Insights https://buff.ly/2Wq4Awn
    • Impact of COVID-19 on insurers | Deloitte Insights https://www2.deloitte.com/uk/en/insights/economy/covid-19/impact-of-covid-19-on-insurers.html?id=us:2em:3pa:financial-services:eng:di:031720 
    • Banking and capital markets: Implications of COVID-19 | Deloitte Insights https://www2.deloitte.com/us/en/insights/economy/covid-19/banking-and-capital-markets-impact-covid-19.html?id=us:2em:3pa:financial-services:eng:di:031720 

    Video News

     

    Top Book Picks by 28 year old serial entrepreneur Peter (AL)

    Principles by Ray Dalio https://amzn.to/38ZgmB7

    The man who solved the market https://amzn.to/2SZ6Jgw

    What You Do Is Who You Are: How to Create Your Business Culture https://amzn.to/2SYi00x

    The little prince https://amzn.to/3c6hWDm

    Friedrich Nietzsche’s Books:

    • Ecce Homo: How One Becomes What One is https://amzn.to/2HSuAYD
    • Thus Spoke Zarathustra: A Book for All and None https://amzn.to/37W2qGL

    Herman Hesse’s Books

    • Siddhartha https://amzn.to/2PpJzO3
    • Steppenwolf https://amzn.to/32pSPqI
    Schreibe einen Kommentar

    This Month in German Startups – February 2020

    This Month in German Startups – February 2020

    If you are new to our podcast(s), we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York. Have a look at our website www.startuprad.io or www.startup.radio and you will find all the links to our recording and the articles we are quoting from there. Some of the source articles are in English, some are in German.

     

    Find the hosts here:

    Jörn “Joe” Menninger joe@startuprad.io / Twitter  / LinkedIn / Video Interview (2018)

    Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)

    This February our news is quite short. This is due to the fact that we try to shrink them, as well as that we had only approx. 3 weeks since the last news.

     

    Affiliated Links

    The hard thing about hard things
    https://amzn.to/2S62X30
    Ben Horowitz tells his story from an employee, afraid to loose his job to CEO of a company caught in the dotcom bubble to VC investor
    Zero to One: Notes on Start Ups, or How to Build the Future https://amzn.to/37H2MSp Peter Thiels, the famous investor tells you his mental framework to think about innovation
    Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies https://amzn.to/2Ob0xyS

    Reid Hoffmans, the founder of LinkedIn, advice on scale fast

     

    Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

    https://amzn.to/2v97KZG

    Read worthy book to familiarize yourself with economic theory, or learn more about how to apply it.
    Need a bank account? Try our partner Penta http://bit.ly/3bdHX3d
    Need space to work? Try our partner WeWork https://we.co/2GYbxvS
    Looking for someone to design a logo, do a transcript or a voice-over? Find all of it and more at our partner Fiverr http://bit.ly/2S0f2YF

    You can listen to Venture Capital books or entertainment on your way to work with an audible subscription – you get the first month for free

    https://www.amazon.de/dp/B00NTQ6K7E?tag=startupradi0e-21

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

    Together with our enabler, we are running a podcast called “Tech Startups Germany”, which will focus on startups at a Serie A stage or even more mature. You will also find all the videos we produce for this podcast on our YouTube channel www.youtube.com/startupradio. This podcast is available directly on our device as audio and video podcast, yes, Startuprad.io makes the first downloadable video podcast. Find all options to subscribe here: 

    • 💢 Tech Startups Germany by Startuprad.io – Audio only
      • iTunes https://apple.co/2Z17bfl
      • Deezer http://bit.ly/2Qbh1rl
      • TuneIn http://bit.ly/2M8vpzn
      • Stitcher http://bit.ly/34xTANO
    • 💢 Tech Startups Germany by Startuprad.io – Video
      • iTunes https://apple.co/2M8ZxKJ

     Find all the links to our sources on our Blog here: https://www.startuprad.io/blog/this-month-in-german-startups-february-2020-video/

    Schreibe einen Kommentar

    This Month in German Startups – January 2020

    Find all the links to our source articles and show notes here: https://www.startuprad.io/blog/this-month-in-german-startups-january-2020/

    This Month in German Startups – January 2020 – by Startuprad.io

    If you are new to our podcast(s), we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York. Have a look at our website www.startuprad.io or www.startup.radio and you will find all the links to our recording and the articles we are quoting from there. Some of the source articles are in English, some are in German.

     

    Find the hosts here:

    Jörn “Joe” Menninger joe@startuprad.io / Twitter  / LinkedIn / Video Interview (2018)

    Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)

     

     

    Affiliated Links

    The hard thing about hard things https://amzn.to/2S62X30

     

    Ben Horowitz tells his story from an employee, afraid to loose his job to CEO of a company caught in the dotcom bubble to VC investor
    Zero to One: Notes on Start Ups, or How to Build the Future https://amzn.to/37H2MSp Peter Thiels, the famous investor tells you his mental framework to think about innovation
    Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies https://amzn.to/2Ob0xyS

    Reid Hoffmans, the founder of LinkedIn, advice on scale fast

     

    You can listen to Venture Capital books or entertainment on your way to work with an audible subscription – you get the first month for free

    https://www.amazon.de/dp/B00NTQ6K7E?tag=startupradi0e-21

     

    Enabler

    This recording was made possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Together with our enabler we are running a podcast called “Tech Startups Germany”, which will focus on startups at a Serie A stage or even more mature. You will also find all the videos we produce for this podcast on our YouTube channel www.youtube.com/startupradio. This podcast is available directly on our device as audio and video podcast, yes, Startuprad.io makes the first downloadable video podcast. Find all options to subscribe here: 

    • 💢 Tech Startups Germany by Startuprad.io – Audio only
      • iTunes https://apple.co/2Z17bfl
      • Deezer http://bit.ly/2Qbh1rl
      • TuneIn http://bit.ly/2M8vpzn
      • Stitcher http://bit.ly/34xTANO
    • 💢 Tech Startups Germany by Startuprad.io – Video
      • iTunes https://apple.co/2M8ZxKJ

    Housekeeping – Time to brag 

    South Korea is Country No 26 which welcomed us to their iTunes podcast (tech) charts! Thank you very much!

     

    Now there is

    • 💢 Fintech Germany by Startuprad.io 
      • iTunes: http://apple.co/2lLRlpG 
      • Spotify: http://spoti.fi/2m8HWsb
    • 💢 Security Sutra by Startuprad.io
      • iTunes: https://apple.co/2K0qLlH
      • Spotify: https://spoti.fi/33rrlAD
    • 💢 Deeptech Germany
      • iTunes: https://apple.co/2oWO3Sl 
      • Spotify https://spoti.fi/2qucve8
    • 💢 Blockchain Germany
      • iTunes: https://apple.co/2O2jwLx
      • Spotify https://spoti.fi/2qucve8

     

    Schreibe einen Kommentar

    This year in German Startups 2019 Review & 2020 Outlook

    This Month in German Startups – Review 2019 and 2020 Outlook

    If you are new to our podcast(s), we are wrapping up the startup news of the German-speaking area in a monthly recording from Frankfurt and New York. Have a look at our website www.startuprad.io or www.startup.radio and you will find all the links to our recording and the articles we are quoting from there. Some of the source articles are in English, some are in German.

     

    Find the hosts here:

    Jörn “Joe” Menninger joe@startuprad.io / Twitter  / LinkedIn / Video Interview (2018)

    Chris Fahrenbach chris@startuprad.io / Twitter / Homepage / Video Interview (2018)

     

    Publication Schedule

    This episode will … substitute the June News. This year startuprad.io’s news wrap-ups will have a summer break from the May News until the end of September. We are sorry, but there is no other way to fit the podcast around Chris and Joe’s busy lives. 

     

    About this Outlook

    Nonetheless, we are now giving you the review of a decade and the preview of a decade! We mostly stick to top-level stuff, especially since the deeper you dig, the more material we would have to cover. 

     

    Recommended Readings (Affiliated Links)

    The Fire Starter Sessions by Danielle LaPorte https://amzn.to/38Ug3rU

    The 7 Habits of Highly Effective People

    by Stephen R. Covey

    https://amzn.to/2sGDy78

     

    The 8th Habit: From Effectiveness to Greatness

    by Stephen R. Covey

    https://amzn.to/34DYbOC
    The $100 Startup by Chris Guillebeau https://amzn.to/2PEoFet
    Outliers by Malcolm Gladwell https://amzn.to/36U41g6
    Grit – The Power of Passion and Perseverance by Angela Duckworth

    https://amzn.to/2SbuEcj

     

     

    Enabler

    This recording was made possible by Hessen Trade and Invest. Learn more about our enabler here: https://www.invest-in-hessen.com/

     

    Together with our enabler, we are running a podcast called “Tech Startups Germany”, which will focus on startups at a Serie A stage or even more mature. You will also find all the videos we produce for this podcast on our YouTube channel www.youtube.com/startupradio. This podcast is available directly on our device as audio and video podcast, yes, Startuprad.io makes the first downloadable video podcast. Find all options to subscribe here: 

    • 💢 Tech Startups Germany by Startuprad.io – Audio only
      • iTunes https://apple.co/2Z17bfl
      • Deezer http://bit.ly/2Qbh1rl
      • TuneIn http://bit.ly/2M8vpzn
      • Stitcher http://bit.ly/34xTANO
    • 💢 Tech Startups Germany by Startuprad.io – Video
      • iTunes https://apple.co/2M8ZxKJ

    Housekeeping – Time to brag 

    We had more than 165.000 unique listeners to our audio podcast(s), keep in mind, most of them are only live since Q3. We had almost 350.000 views on Youtube and more than 2 mn impressions on social media.

    You can find our top videos here on Instagram: 

     https://www.instagram.com/p/B7GcEC6IZd7/

    Thank you very much for sticking with us, we greatly appreciate you guys!

    Our sub-podcasts

    • 💢 Fintech Germany by Startuprad.io 
      • iTunes: http://apple.co/2lLRlpG 
      • Spotify: http://spoti.fi/2m8HWsb
    • 💢 Security Sutra by Startuprad.io
      • iTunes: https://apple.co/2K0qLlH
      • Spotify: https://spoti.fi/33rrlAD
    • 💢 Deeptech Germany
      • iTunes: https://apple.co/2oWO3Sl 
      • Spotify https://spoti.fi/2qucve8
    • 💢 Blockchain Germany
      • iTunes: https://apple.co/2O2jwLx
      • Spotify https://spoti.fi/2qucve8

     

    Tadadadaaaaaaaaaaaaaaaaaaaaaaaa

    2020 will be the year of Beethoven, which is a safe bet!

    There will be a lot going on since Beethoven turns 250 this year. 

    https://www.youtube.com/watch?v=59ZrMEjktsA

    Ode to Joy:

    https://www.youtube.com/watch?v=hdWyYn0E4Ys

    He made it in pop culture some time ago e.g. Two and a Half Men:

    https://youtu.be/EE6V3hoIZj8

    Find all further links and show notes here: https://www.startuprad.io/blog/german-startups-2019-review-2020-outlook/ 

    Schreibe einen Kommentar

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