Hardy Killus

❓How to AI in PE-Portfolio Companies ❓ Tonight I had the pleasure to hold a #keynote at the #WomenInPE event of Digital Future GmbH! Lucas Bechtle, Nikolas Hoche and Verena M. brought together a great audience to discuss the chances that PE portfolio companies have when it comes to #AI! 5 key messages for value creation in PE portfolio companies through AI: 1️⃣ AI is everywhere, but not really tangible - make it tangible and get going 2️⃣ Fall in love with the problem and not with the solution 3️⃣ Make money - profitability is key 4️⃣ Leadership drives successful transformation 5️⃣ Think big, start small, scale fast TBH a perfect match for me in 2 ways 1. With OMMAX we support a lot of clients in their AI journey and help to realize the untapped potential! 2. #OMMAX stands for #diversity, #femaleEmpowerment and #genderEquality - with a 50% female ratio (as well in leadership positions) and over 35 nationalities Reach out if you want to learn more how we implement AI in different companies successfully! #AIknowledge #Munich #privateequity #valuecreation

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🔹 🔷 🔹 Can Industrial AI be a cure against the gradual deindustrialization of Germany? 🔹 🔷 🔹 The Pioneer, one of the leading German political and economic media, has released an article I wrote about the potential impact of Industrial AI yesterday. Germany with its rich tradition in engineering and industrial solutions is well placed to leverage AI to fuel the next wave of industrial innovation. A race that is still not run - as opposed to GenAI that is dominated by the large US tech giants and LLMs that are already commoditizing. A race that will likely leave room for several new German unicorns that can add to the industrial innovation process - ideally in a cooperation with established industrial players such as BMW, Mercedes, Siemens or Bosch. But it will require a significantly better availability of venture capital all the way from inception to a profitable business as well as a targeted industrial development policy to leverage this opportunity. Time for the industrial giant Germany to shed the sluggishness of recent years and remember the entrepreneurial spirit of its industrial forefathers such as Benz, Siemens, Bosch, Zeiss or Bayer. For those interested to read a little more - you can find the article on The Pioneer here (in German - have Google translate it for an English version): https://lnkd.in/eW9FWnzA (For those of you that do not yet have access to The Pioneer here is pdf-link: https://lnkd.in/er4_mVrV)

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Always asked myself, if I can be happy …always? As an entrepreneur you are in the natural habit of optimizing all aspects of a project so why don’t optimize your life? After many years of learning about what makes us happy, I think it is only a transient state. But maybe we can feel even better … when we are in Flow! Flow is the state of consciousness in which we forget space and time, are maximally happy, motivated and efficient. In this state, we feel our best and achieve the most. What do we need to achieve this flow? Why is it so important for founders and managers? I talk about this in the podcast with editor Elena Todeva Listen in and share your best flow moments. #flow #flowmoment #success #performance #motivation #alignment #leadership #newwork #startup #vc #entrepreneurship

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Spannende Masterarbeit heute angenommen. Risk Identification and Strategies for Data Migration using AI Abstract: Cloud data migration is moving data, applications, and services from local locations to a cloud-based system in IT. Understanding the influence of present systems and thoroughly preparing the procedure is critical for its success. Different approaches, which align with various cloud service models, are investigated regarding their tasks, procedures, and prerequisites (Amin et al., 2021, pp. 1-2). To emphasize and ensure the smooth running of systems, many firms are starting to integrate artificial intelligence (AI) throughout their operations, citing the potential advantages of enhanced efficiency, accuracy, and scalability to stay competitive (Aldoseri et al., 2023, pp. 14.15). AI can automate processes and enhance decision-making but also brings technical risks like security vulnerabilities and ethical concerns such as data privacy and bias. However, integrating AI can bring disadvantages such as technical risks like security vulnerabilities or ethical issues and challenges such as insufficient knowledge of AI implementation consultants that must be carefully considered (Campion et al., 2020, pp. 28-37). The main objective of the thesis is to identify possible risks and evaluate existing approaches for mitigating these risks. Therefore, in this thesis, a total of eight expert interviews are planned. 👩‍💻 Bist Du Migrationsexperte? Wenn ja, beteilige dich gerne an der Studie 📔. Die Ergebnisse werden sicherlich interessant werden, vor allem der Benchmark. Rusty Goldberg Diego Calvo de Nó Mario Hering Sascha Schmidt Mario Feldkamp Hakan Öztürk Martin Enden Carla del Carmen Gonzalez Gonzalez

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Top-performing organisations are considerably more likely than their peers to have a clear ecosystem strategy and to derive a significant portion of their revenue from ecosystems. However, a recent survey from PwC Deutschland has shed light on a problem that may prevent companies from maximising the potential of these kinds of collaborations: a lack of empowerment on the part of ecosystem managers. Scroll through the three ways boards and the C-suite can give ecosystem managers the agency they need to achieve better outcomes, then explore them in more depth: https://pwc.to/3QMDmvm #Ecosystems Simon Gealy | Andrew Taggart | Charles Loh | Martijn Schouten | Parul Munshi | Eugene Macey | Winston Nesfield | Marina Tusin | Veronica R. Bartolome | Shahrin Ismail | Vilaiporn Taweelappontong | Johnathan Ooi

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🔥 Get exclusive access to the Product Discovery Cheat Sheet 🔥 with 26 Product Discovery Methods that will enable you to "build the RIGHT THING" and not just "build the THING RIGHT" for your users. At konversionsKRAFT AG, we collected the most relevant methods that we have used in order to help our clients build and grow their digital products - you can use this board to evaluate your status quo and select the matching methods based on where you stand. To get access, follow these simple steps: 1️⃣ Connect with me and Anastasia Shvedova 2️⃣ Like this post ❤️  3️⃣ Comment on this post ("Brilliant, I want access!") 🚨 Disclaimer: this is the first version of the Product Discovery Cheat Sheet and we are looking forward to your questions and feedback while you are using it. Please feel free to approach us any time with your thoughts! #productdiscovery #discoverycheatsheet #productexperimentation #cromethods #testing #experimentation #growthmarketingsummit #growthmindedsuperheros #productmanagement

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🔍 Why Less Funding Can Create Better Startups 💡 A recent article by manager magazin delves into a surprising startup trend: leaner funded organizations outperforming their more generously funded counterparts. This phenomenon is supported by empirical studies suggesting that limited resources foster greater innovation and efficiency. 💸 Startups with tighter budgets prioritize their expenditures, making strategic decisions that drive sustainable growth. Overfunding, in contrast, can lead to complacency and even inefficiency. Successful startups often emerge from environments where resourcefulness and resilience are crucial. 💡 A study conducted by Boston Consulting Group (BCG) Group in partnership with MassChallenge found that startups founded by women, who generally receive less funding, generate more revenue – more than twice as much per dollar invested – compared to those founded by men. This insight reveals that limited resources can drive better performance by necessitating smarter, more efficient business practices​​. 📰 Moreover, research published in the European Journal of Innovation Management indicates that resource constraint encourages open innovation models, leading startups to leverage external knowledge and partnerships to enhance capabilities without significant capital outlay. This approach not only fosters innovation but also ensures startup agility and adaptability in a fast-paced market​​. At caesar., we understand the value of strategic funding. By providing startups with just the right amount of capital, we encourage their innovation and sustainable growth, building robust foundations for long-term success 🌱🚀 Read more about this insightful perspective: https://lnkd.in/eAG_uSKY #VentureCapital #Startups #Innovation #InvestmentStrategy #Entrepreneurship Jan Ossenbrink, Faris Zaher, Avik Mukhija, Yue Wu, Thomas Abend, Felix Benscheid, Leopold zu Schleswig-Holstein, Uirá Souto Melo, Linus Drop, Gadi Benjamini, Ryan Guterman, Oliver Siegel BCG Article: https://lnkd.in/emkB4Jp European Journal of Innovation Management Article: https://lnkd.in/emveCGSS

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It's the ecosystem, stupid. Building robust ecosystems is crucial for the success of startups. Max Meister’s article in Handelszeitung highlights the current exit challenges and the importance of strong financial health and market readiness. In the US, a well-established exit culture fuels continuous reinvestment, but in Europe and Switzerland, this is just emerging. As a serial entrepreneur and investor, I see it as both a privilege and responsibility to actively shape this ecosystem, fostering growth and innovation. Read more here: https://lnkd.in/er3Y3-84 #ecosystem #venturecapital #entrepreneurship #venturebuilding

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In the latest episode of the Besser Beraten - Consulting Podcast, Philipp Maier, Co-Founder & Managing Director at White Label Advisory, sits down with Pavol Sikula, CEO of AskBrian. They discuss current trends and hot topics in the consulting market, the fascinating founding story of AskBrian, the transformative role of intelligent assistants in consulting even before ChatGPT, and how AI has fundamentally changed, and will continue to change - the daily routines of consultants. Don't miss out on this insightful conversation packed with industry expertise and forward-thinking perspectives! #AskBrian #AI #podcast #managmentconsulting

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⏰ 𝗝𝘂𝘀𝘁 𝟭 𝘄𝗲𝗲𝗸 𝗹𝗲𝗳𝘁 𝘁𝗼 𝗮𝗽𝗽𝗹𝘆 𝗳𝗼𝗿 𝗪𝗘𝗖𝗢𝗡𝗢𝗠𝗬! ⏰ At #WECONOMY, founders win what money can't buy: The competition brings founders together with experts and managers right up to the executive boards of the German economy. Are you a tech start-up and want to take your business to the next level?  This is your chance! ✔️ 𝗪𝗵𝗼 𝗰𝗮𝗻 𝗮𝗽𝗽𝗹𝘆? Start-ups in the early stage / pre-seed phase as well as start-ups that have not yet been founded with proof of concept or pilots. ✔️ 𝗪𝗵𝗮𝘁 𝗳𝗶𝗲𝗹𝗱𝘀? We are looking for startups with a focus on STEM and technology. MedTech, FinTech, AgriTech ... the possibilities are endless! ✔️ 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗮 𝗱𝗶𝘃𝗲𝗿𝘀𝗲 𝘁𝗲𝗮𝗺? Not a must, but all the better. After all, it has long been known: More diverse teams are more successful. Any questions? Message Christine Heuwing or comment below! ⏰ 𝗔𝗽𝗽𝗹𝘆 𝘂𝗻𝘁𝗶𝗹 𝗠𝗼𝗻𝗱𝗮𝘆, 𝗝𝘂𝗻𝗲 𝟮𝟰! WECONOMY is an initiative of Wissensfabrik - Unternehmen für Deutschland e.V. in cooperation with UnternehmerTUM and Handelsblatt.

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ChatGPT is proving that its still the king of AI models , now with the latest GPT-4o model just released , its acting more towards being a personal assistent that can : - Have a conversation in real time - Respond with human like emotions ( joy , excitment , ..etc ) - Act as a real timetranslator for 50 langauges #chatgpt #openai #genAI #artificialintelligencce

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How to develop a data-driven approach with generative AI to monitor your ecosystem? This will be the central use case in my upcoming free webinar on 𝐃𝐚𝐭𝐚-𝐝𝐫𝐢𝐯𝐞𝐧 𝐞𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 on May 16 at 8.00 pm CEST In the past years, we have started building at the WHU Entrepreneurship Center an extensive data infrastructure to map and monitor our alumni and their startup activities. Today, we are experimenting a lot on how to use generative AI to get as much intelligence as possible out of our data In the webinar, I will show how we use generative AI to: 🚀 Search for additional data on founders and their startups 🧨 Analyze why some startups in our ecosystem are outperforming others 🥇Build agent-based chatbots to easily extract data intelligence from our ecosystem platform Isabell Welpe Roy Broersma Dominik Domnik Matthias Notz Rudolf Dömötör Oliver Clasen Dr. Julia Wimmer Josemaria Siota Helmut Schoenenberger Andy Goldstein Viviana Gropengiesser Maria Gross Romy Schnelle Larissa Holzki Dr. Andre Retterath Dr. Maurice Steinhoff Dealroom.co Registration link for the webinar is in the comments below 👇

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𝗛𝗮𝗻𝗻𝗼𝘃𝗲𝗿 𝗠𝗲𝘀𝘀𝗲 𝟮𝟬𝟮𝟰: 𝗧𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 𝗼𝗳 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗶𝘀 𝗰𝗼𝗺𝗶𝗻𝗴 𝗵𝗼𝗺𝗲! A phenomenal week of learning, insights and ideas: 1. Technology -#AI- has shifted from theory to reality 2. The power of ecosystems is key - Siemens, BDI - Bundesverband der Deutschen Industrie e.V., Amazon Web Services (AWS), Google 3. The future for the machinery sector is bright as we have the best talent and the greatest engineers - Let's act now!

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Beirat für Startups #34 Ein Beirat kann grundsätzlich für Startups von großem Vorteil sein. Wie immer, ist es eine Entscheidung, in der es auf den Einzelfall ankommt. 🛣 Einige Gründe hierzu behandele ich wöchentlich in meiner Beitragsreihe : Zum letzten Post der Reihe: https://lnkd.in/dfQsdEuf The Benefits of a Biotech Advisory Board 🧪🔬 As a leader in the biotech industry, I'm excited to share the advantages of having a strong advisory board with expertise in biotechnology. 💡 Cutting-Edge Insights 🔍 An advisory board composed of seasoned biotech professionals can provide invaluable, up-to-date insights into the latest industry trends, technological advancements, and regulatory changes. Their deep knowledge and experience can help guide your strategic decision-making and ensure your company stays ahead of the curve. 🧠 Specialized Expertise 🔬 Biotech advisory board members bring a wealth of specialized expertise across various disciplines, such as drug development, clinical trials, regulatory affairs, and commercialization. Their diverse backgrounds can help you navigate the complex and ever-evolving biotech landscape more effectively, ultimately driving your company's success. 🧪 Networking and Connections 🤝 A well-connected biotech advisory board can open doors to new partnerships, collaborations, and funding opportunities. Their extensive industry networks can introduce you to key stakeholders, potential investors, and strategic partners, expanding your reach and unlocking new avenues for growth. 🌐 Credibility and Validation 👍 Having respected biotech experts on your advisory board can significantly boost your company's credibility and validation in the eyes of investors, regulatory bodies, and potential partners. This can be particularly valuable when seeking funding, navigating the regulatory landscape, or engaging with industry leaders. 🏆 Objective Guidance 🧭 An advisory board provides an outside perspective and objective guidance, which can be invaluable in navigating complex business decisions. Their impartial insights can help you identify blind spots, mitigate risks, and make more informed choices that align with your company's long-term goals. 🧠 By leveraging the expertise and experience of a biotech advisory board, you can unlock a competitive edge, drive innovation, and accelerate your company's growth in the dynamic biotech industry. 🚀 #advisoryboard #board #scaleup

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Do you want to get started with AI but do not know where to start? My colleague Cedric Wacker and I wrote an article about it. https://lnkd.in/eqJXUcjb If you have any questions please just reach out 🤠 #dataplatform #data #AI #snowflake #microsoftfabric #databricks #devoteam #devoteamdatadriven

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𝗜𝘁'𝘀 𝘁𝗵𝗲 𝗰𝘂𝗹𝘁𝘂𝗿𝗲𝘀, 𝘀𝘄𝗲𝗲𝘁𝗵𝗲𝗮𝗿𝘁... for example, when it comes to dealing with risks. Germany's DER SPIEGEL, a publication known to lean left, is discovering its market-friendly side. The headline here – "Competitiveness: Europe must dare more capitalism" – is for an article which examines the EU's lackluster economic performance in the months since emerging from the pandemic slowdown: "The United States has left the EU behind economically. Europeans do not want to admit why: It is the forces of the market." However, the way people deal with the forces of the market and the risks connected to free markets is a function of culture. Most continental European cultures feature a moderate to low orientation to risk and value certainty more than North American (and other Anglo) cultures. Economic pressure will have to mount before market uncertainties are seen as a risk impossible to avoid. Two former Italian prime ministers think that time has come: In order to keep up with global competition, the EU must create a uniform internal market based on the U.S. model in all sectors, says Enrico Letta – a socialist. And Mario Draghi, former president of the European Central Bank, recommends as a response to Washington's Inflation Reduction Act (IRA), the EU needs a partly private, partly state investment offensive of at least 500 billion euros. 🤔 What do you think? Is Europe falling behind❓

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🔎 Market Insights Venture Capital for climate tech: Have we reached the turning point? Two recent reports by the German Startup Association (Startup-Verband) and Bitkom reviewing H1 2024 show that fundraising in Germany remains challenging. However, climate tech related topics are on top of the agenda. The findings also show that startups struggle to achieve prominence in the broader market or create an impact. Despite this unused potentials we already see positive signals in Q3. According to KfW VC investments in German startups have been surpassing the benchmark of 2 bln EUR in Q3 – first time since more than a year ago. 💵 Fundraising is still challenging: More than half of the start-ups think that fundraising is difficult to realize. As we have highlighted already prior to this: Early stage founders should plan with longer gaps between Series A and Series B. 🤝 An increasing number of start-ups claim that the possibility for cooperation with the established economy is very poor. According to German Startup Association, only 37.5% perceive the link between the two as good. With Future Energy Ventures we have specialized to matchmake startups with corporate partners – arranging 44 partnerships for the startups in our first fund. 💡 In a challenging VC environment climate tech related business models have good chances to raise capital (compared to other verticals): Experts interviewed by German Startup Association estimate that among the health and the educational sector, energy (37,2%), industry (33,8%) and mobility (30,5%) are the most promising sectors for future innovation. Most of our portfolio business are in energy, industry or mobility! 🌱 The German Startup Association emphasizes that founders are primarily driven by social and ecological impact. Almost half of them identify as social entrepreneurs (45.6%). An increasing number of German start-ups identify with the green economy (48.1%), as reported by the German Startup Association. At Future Energy Ventures we go one step further and monitor the ESG impact of our portfolio businesses via a specific model per half year! 🌎 The huge challenge remains an environment of uncertainty, which is shaped by the huge macro-economic developments such as global wars and conflicts, interest rates and the upcoming US election The good news: Founders navigating their teams through these times may be well-positioned for growth once uncertainty passes. We must foster cooperation between emerging start-ups and the corporate economy to create impact! 🚀 #climatetch #startups #marketinsight #fev4climate

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Start-ups in Europe: a light at the end of the tunnel - finally!    This article by Nadine Schimroszik in Handelsblatt gives reason for hope for the tech ecosystem, as it summarises a development that has been tentatively emerging for some time: The number of new #start-ups in Germany is growing again, by 17 per cent, as shown by a comparison of the first quarter of 2024 with the same quarter of the previous year.   💡It is particularly interesting to see that most investments are being made in AI. An unmistakable sign that they continue to be a driver of innovation for the German startup ecosystem.   We recently came to a similar conclusion with my team, as part of our analysis of the German startup landscape. Our conclusion: more and more funding are being mobilised for ♻️ #Greentech business ideas that are based on AI-based technologies and have a positive impact on our planet. More info on our research at IRIS can be found in Startup Insider`s Investors Report 2024: https://lnkd.in/dU-5AMPz More info on Nadine’s insightful article here: https://lnkd.in/depicwGA

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#SUERFpolicybrief “How household scanner data help improve inflation forecasting” by Guenter W. Beck (Universität Siegen), Kai Carstensen (Kiel University), Jan-Oliver Menz (Deutsche Bundesbank), Richard Schnorrenberger (Kiel University), and Elisabeth Wieland (Deutsche Bundesbank) Forecasting current month inflation (“nowcasting”) is an important exercise for central banks and market participants, especially in turbulent times. This policy brief illustrates how high-frequency scanner data from households combined with machine learning (ML) can improve the nowcast of monthly inflation in Germany. https://lnkd.in/dg98A2mU #InflationNowcasting #MachineLearning #ScannerPriceData #MixedFrequencyModeling

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