5 Questions with Mihai Rotaru: Why did Daimler buy CleverTaxi for $10+ million

Almost 7 years ago, Mihai Rotaru and Alexandru Dumitru were starting a new project during the first ever Startup Weekend event organised in Romania. The project would become CleverTaxi – launched in 2011 in partnership with Orange as an aggregator of taxi services accessible via the CleverTaxi mobile app.

Backed by Andrei Pitis as an early investor and technical expert, the company started to grow. In 2013 it introduced the now famous command desks at the Otopeni Airport, then in 2014 raised an undisclosed round from Neogen / Calin Fusu.

But competition grew significantly. Meridian Taxi and Speed Taxi developed their own apps and command desks in 2013, and in 2014 Uber was launched in Romania. Not many people were confident that CleverTaxi, who scaled in 20 cities in Romania, would become a success story.

Until last week, when CleverTaxi was acquired by Daimler through their subsidiary My Taxi (which previously has acquired Hailo), in a $10m+ acquisition for a company with reported $400k in revenue and $25k net profit in 2016.

Leadership is a popularity contest, but decision making is not

“Great things in business are never done by one person. They’re done by a team of people.” (Steve Jobs) But how do you keep your people constantly motivated? How do you lead without being arrogant? What is the difference between a good manager and a leader? What are the most important leadership principles entrepreneurs should follow?

Complete Guide to Create a Successful Business Pitch | FREE

In latest years, the use of terms such as business pitch, elevator pitch, investment pitch have raised in popularity. Every tech pro or wannabe entrepreneur uses these phrases during their daily basis interactions, when they get in contact with investors, or when they’re attending events. But what is a business pitch, exactly? What are the best structures to use in your presentations?

Robert Knapp, CyberGhost, about the exit: I didn’t do it for the money

When asked what was the biggest challenge he came across while building his company, Robert Knapp, the co-founder and CEO of CyberGhost VPN explained that “it has to be building your core team – your wolfpack.” A few months later, Robert and his team have become a part of Crossrider – Israeli online distribution and digital product company, in an acquisition priced at over  EUR 9.2 million, news that simply took our breath away. As he is one of the closest friends of our community, we had the opportunity to go behind CyberGhost’s acquisition together with Robert Knapp and the CEO of Crossrider, Ido Erlichman.

21 Ways How Virtual Assistant Can Boost Productivity

A wish to have more hours in a day is ubiquitous. Though most of us want it, it is impossible to attain. What we can do is to free up some time of our workday to complete the tasks that really matter. In today’s post, I’m going to tell 21 non-core tasks that you can easily delegate to a virtual assistant and increase your productivity.

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