{"id":117151,"date":"2022-04-05T14:56:07","date_gmt":"2022-04-05T11:56:07","guid":{"rendered":"https:\/\/www.tehnopol.ee\/?p=117151"},"modified":"2022-04-05T14:56:09","modified_gmt":"2022-04-05T11:56:09","slug":"startup-story-bilance-x-tehnopol-startup-incubator","status":"publish","type":"post","link":"https:\/\/www.tehnopol.ee\/en\/startup-story-bilance-x-tehnopol-startup-incubator\/","title":{"rendered":"Startup Story: Bilance X Tehnopol Startup Incubator"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-1024x576.jpg\" alt=\"\" class=\"wp-image-117147\" srcset=\"https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-1024x576.jpg 1024w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-300x169.jpg 300w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-768x432.jpg 768w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-1536x864.jpg 1536w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-400x225.jpg 400w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-200x113.jpg 200w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-1422x800.jpg 1422w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-207x115.jpg 207w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa-600x338.jpg 600w, https:\/\/www.tehnopol.ee\/wp-content\/uploads\/2022\/04\/Bilance_Mihkel-Vetemaa_Erik-Vetemaa.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"><\/figure>\n\n\n\n<p>It\u2019s time to get to know yet another startup that is part of Tehnopol Startup Incubator\u2019s new batch \u2013 <a href=\"https:\/\/www.bilanceapp.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bilance<\/a>. Bilance is developing a mobile application that makes it easy to take control of your money, optimize your spending and grow your financial worth.\u00a0<\/p>\n\n\n\n<p>Let\u2019s get to know Bilance a little better! Here\u2019s what Bilance\u2019s CEO and cofounder\u00a0Mihkel Vetemaa told us.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>How did you come up with the idea to found a startup?<\/strong>\u00a0<\/p>\n\n\n\n<p>I have been keeping an eye on and analysing my expenses in an Excel spreadsheet. This has always been a quite uncomfortable, manual and inconvenient process to me. I haven\u2019t found suitable apps and then I got an idea that maybe I should make one myself.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>What have been the biggest challenges\/failures and the biggest wins so far?<\/strong>\u00a0<\/p>\n\n\n\n<p>The biggest challenge has been getting started. To find teammates, define the idea on paper and develop an initial prototype. The biggest win has been creating a reliable and capable first version of the application.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Why did you join Tehnopol Startup Incubator?<\/strong>\u00a0<\/p>\n\n\n\n<p>Tehnopol happened to be in the right place at the right time. We felt like we needed a strong mentor and legal advice, and Tehnopol offers us both.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>Where do you see your startup in 1 year\u2019s time? And in 5 year\u2019s time?<\/strong>\u00a0<\/p>\n\n\n\n<p>In one year\u2019s time we would like to be in the phones of all tech savvy Estonians and in five year\u2019s time we hope to improve the financial behaviour of Europeans and help people make better choices.\u00a0<\/p>\n\n\n\n<p><strong>Who will be the next Estonian unicorn?<\/strong>\u00a0<\/p>\n\n\n\n<p>Hard to say, it\u2019s always quite difficult to predict them.\u00a0\u00a0<\/p>\n\n\n\n<p><strong>What kind of books\/podcasts\/magazines (or top names in your field) do you follow and would recommend to other founders?<\/strong>\u00a0<\/p>\n\n\n\n<p>Book: <a href=\"https:\/\/www.amazon.com\/Lean-Startup-Entrepreneurs-Continuous-Innovation\/dp\/0307887898\" target=\"_blank\" rel=\"noreferrer noopener\">The Lean Startup<\/a>\u00a0<br>Podcast: <a href=\"https:\/\/mastersofscale.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Masters of Scale<\/a>\u00a0<br>Online newspaper: <a href=\"https:\/\/techcrunch.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">TechCrunch<\/a>\u00a0<\/p>\n\n\n\n<p><strong>If you\u2019d get a chance to meet with Elon Musk, Mark Zuckerberg and Steve Jobs, what would you ask them?<\/strong>\u00a0<\/p>\n\n\n\n<p>I would ask which of their interviews\/performances\/pieces of writing I should check out.\u00a0\u00a0<\/p>\n\n\n\n<p><em>Startup Story series introduces the up-and-coming startups that are part of Tehnopol Startup Incubator\u2019s growth programme and whose journey is worth keeping an eye on. Startup Stories can be <\/em><a href=\"https:\/\/www.tehnopol.ee\/en\/?s=startup+story\" target=\"_blank\" rel=\"noreferrer noopener\"><em>found here<\/em><\/a><em>.<\/em>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s time to get to know yet another startup that is part of Tehnopol Startup Incubator\u2019s new batch \u2013 Bilance. Bilance is developing a mobile application that makes it easy to take control of your money, optimize your spending and grow your financial worth.\u00a0 Let\u2019s get to know Bilance a little better! Here\u2019s what Bilance\u2019s [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":117147,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_s2mail":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-117151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/117151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/comments?post=117151"}],"version-history":[{"count":2,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/117151\/revisions"}],"predecessor-version":[{"id":117204,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/117151\/revisions\/117204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/media\/117147"}],"wp:attachment":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/media?parent=117151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/categories?post=117151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/tags?post=117151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}