- The Big Idea / your startup “in a Tweet”: Valutico provides the financial services industry with groundbreaking data-driven tools so that they can conduct their analysis more efficiently and in a methodological fashion. Valuation advisory is complex, however Valutico’s integrated valuation solution reduces the time it takes to do a valuation from days to merely hours.
- Tell us a bit about yourself, both at work and leisure: When I’m not working I spend the weekend with my family either in the mountains or in the city. I am based in Vienna and though we are a remote working company I like to go to the office. I try and play a game of tennis during the week and go on a long bike ride on the weekend. It’s important to get out and exercise when you’re so engrossed with work. Sadly finding the time to read has become rare but if I can squeeze in a few pages a week I’m happy.
- Which product or service do you offer, and who are your competitors? The powerful platform is popular amongst professionals in advisory roles such as in Corporate Finance, M&A, and Tax and Audit, as well as Investment Managers in Private Equity, Venture Capitalists, and Family Offices. Large corporations also use Valutico for Strategy, Financial Reporting, and Investor Relations. Excel / the spreadsheet is our main competitor but as you may know its prone to human error, time consuming and hard to consolidate etc.
- How did you get the business idea and take it from launch to the current stage, including fundraising? Whilst working M&A Deutsche Bank I was frustrated with the status quo in Corporate Finance and Investment Management: That due to lack of data and know-how, professional equity valuations were only available to the world’s most sophisticated advisors and investors. There was no tool other than Excel at the time so my co-founder and I came up with a solution.
- Any key lessons from your scaling and fundraising journey? Key lessons- Don’t do it too late, fundraising takes several months and there can always be delays- Explore non-dilutive options, such as grants and revenue-based financing
- What are your plans for the next 6-12 months, and how can our network help? Plans- Increase efficiency in our go-to-market teams – Professionalise and hire into engineering & product teams- Execute our product roadmap
- What’s on your bookshelf? Your favourite place for a coffee or a drink? Books / Places- Currently “Amp it up” by Frank Slootman- Coffee: I am lucky to be based in Vienna, where we have a long coffee culture and many coffee houses; i try to mix it up and not go to same one all the time
Published on 10. February 2023
Q&A with Paul Resch of Valutico
