We believe that business is a constant knowledge sharing, and our Office Hours or mentoring program has been created to make sure we bring the best minds in to help TechHub Riga startups grow bigger in a shorter period of time. Yet, what does it mean – to be a mentor? We put Anri Leimanis, Partner at TRINITI and expert in legal issues, in the limelight to find out the untold story behind the mentor.
You have been a TechHub Riga mentor for almost a year, how is it like - working with startups?
Experience has been very positive from my side. I truly hope that startuppers have benefited from the mentoring sessions where me and my colleagues from TRINITI have participated.
Obviously advising startups is a lot different than other types of businesses. In many cases issues raised by startups are quite basic and easy to answer, whereas sometimes we came across truly untouched legal and accounting regulations territory and had to work hard and be creative to find effective solutions.
What is the most rewarding in your mentor’s work?
What I like the most is hearing innovative ideas and seeing faces of people who have invented them. In my professional life I have worked on innovative tech products myself and find it very exciting and rewarding.
Out of the cases that I had an opportunity to mentor I liked the ones with the largest global possible footprint. I always find it especially interesting to consider how a specific solution will work for consumers or businesses in distant and exotic places like Brazil, Korea or New Zealand - can we think of the issues that may come up there and can we make sure that people in those jurisdictions will find the product / service local enough to start using / buying it?
What are the most common legal issues startups face in their business development? What do you advise?
Share distribution, attraction of capital and corporate governance are the most frequent issues that required our advice.
My most common advice to startuppers - don’t think that the setup of founders will remain the same forever. Peoples’ lives change, their willingness to contribute to a project changes so the structure should be flexible enough to accommodate such turbulences without breaking down. Some creativity is required when designing legal and financial structures.
How do you think the Latvian startup scene will develop in the nearest future? While mentoring, have you come up with your own startup idea?
I like what I see happening in the startup scene in the Baltics and Latvia. TRINITI is part of it as an adviser to startups and financiers as well as a sponsor of events and activities. We believe that our investment today will come back in the form of new clients tomorrow.
I am constantly working on my own tech startup ideas. All of them get written down and will surface when appropriate partners are identified.
Finally, what do you think the world be like if startups didn’t exist?
If the startups did not exist there would be a great opportunity to invent them!