Balabit, Ustream, LogMeIn, Netrisk, Solvo, CryoInnovation, Tresorit; Márton Szőke, Péter Balogh, Balázs Vinnai, Csaba Pribenszky. Familiar names, aren't they?
Successful Hungarian businesses and entrepreneurs all share in common that they each grew and became successful thanks to investments from Hungarian and CEE venture capital and private equity funds, the "crack units" of domestic and regional corporate financing. They all profited, and so did Hungary, as these businesses and entrepreneurs rose without an exception to regional or global leadership in their respective industries. They made substantial innovations and built serious reputations while creating material value in Hungary and in the CEE region and also creating a large number of jobs in the process. The source and starting point of all these success stories was the CEE region and Hungary within it.
What is the key to success? What happens to successful companies and their founders once venture capital exits? Will poachers turn into gamekeepers and entrepreneurs become investors? Who can become a really successful serial entrepreneur? How can these results be scaled and multiplied?
What do government organisations contribute to furthering results? How can government organisations and the private sector’s VC/PE industry contribute to substantial growth in the profits channelled to Hungary over the following decade as a result of Hungarian investments abroad?
What would it take for the CEE region's VC and PE sector to follow the successful U.S. or Israeli examples?
We will seek to answer the above questions as we present the activities of the members of the VC/PE sector at the HVCA's 22nd annual international conference, jointly organised by the HVCA and Portfolio.