Dublin Tech Summit 2022 : Ireland's Fastest Growing Unicorns

Irish unicorns share their secrets to success, highlighting the importance of problem-solving, teamwork, and innovation in scaling companies, while navigating the challenges of a developing startup ecosystem.

Key takeaways
  • To succeed as a fast-growing unicorn, focus on solving problems, building a strong team, and maintaining a culture of ownership.
  • Startups in Ireland face unique challenges, such as a lack of mature venture capital firms and a need to go global quickly.
  • Technology is key to solving problems and streamlining processes, especially when scaling a company.
  • The founders’ entrepreneurial mindset and ability to delegate are crucial to success.
  • Culture is important and needs to be instilled around a clear set of values.
  • The CEO’s responsibility is to make tough decisions and communicate effectively with the team.
  • Idleness and complacency can be toxic to a company’s growth.
  • Having the right talent on board is vital, especially in areas like sales and marketing.
  • VCs in America often want a 100x return on investment, making it challenging for Irish startups to secure funding.
  • Success in Ireland often requires finding innovative solutions to unique problems.
  • The Irish startup ecosystem lacks some maturity, but there is potential for growth.
  • Finding the right co-founder and building a strong team are critical to success.
  • A startup’s culture needs to be clear and communicated effectively to the team.
  • Building a scalable and efficient company requires careful planning and execution.
  • Going global quickly is often necessary for Irish startups.