March 11th, 1990, marks Lithuania’s restoration of independence, but the fight for freedom began long before that.
For 50 years, our nation endured soviet occupation, deportations and repression - yet we never surrendered.
🌐 World leaders, tech executives, scientists and AI experts are gathering in Paris for the #ArtificialIntelligenceActionSummit.
🇱🇹 #Lithuania is eager to cement its place as a important player the field of #AI.
Today we commemorate the anniversary of the tragic events of January 13.
34 years ago, unarmed citizens of Lithuania 🇱🇹 stood with their bodies against the tanks & weapons of the occupiers, defending the Freedom.
I took this photo at @PlugandPlayTC in 2017 at their HQ in Sunnyvale, California. It's 2023 Plug and Play is coming to #Lithuania! Within the next 3 years, they will run 5 accelerator cycles for 60 startups and invest 6M Eur. This is amazing news for our startup ecosystem!
Something that blew in mind when I heard it:
2% management fees on VC funds are not one-off but every year for 10 years.
The 2% management fee is 20% of all LP funds!
Even if the fund has negative returns the fund managers get 20% of the fund.
That’s $200m on a $1bn fund!