Peter Vesterbacka & Kustaa Valtonen
IMPACT INVESTING

Peter Vesterbacka & Kustaa Valtonen

#143

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Helsinki-Tallinn Tunnel

Raising Billions with Peter Vesterbacka & Kustaa Valtonen

“Also look outside of your own country for investments”

ABOUT

Peter Vesterbacka
Peter Vesterbacka is an entrepreneur from the Finest Bay Area at the Heart of Eurasia, Helsinki, Finland. Branded communities co-created and initiated by Peter include the HP Bazaar, Mobile Monday, Slush and Startup Sauna to name a few. He was the Mighty Eagle at Angry Birds for many years taking that brand to unprecedented heights. Peter is also currently adjunct professor of Innovation and Entrepreneurship at Tongji University, one of the leading universities in China. In 2011 Time Magazine named Peter one of the 100 most influential people on the planet.

Kustaa Valtonen
Working hard on building the FinEst BayArea! I am heading the Finest Bay Area Development Company program management office. The project is getting ready to construct the Helsinki-Tallinn tunnel (www.finestbayarea.online). We are looking for innovation to make the tunnel safer, faster to build and cost efficient.
Tunnel innovation managed via FinestLove from CrazyTown program.

Finest Bay Area Development has expanded it’s scope by being active in developing ecosystems like the Triple E Campuses in Kirkenes Norway and several cities around Finland. Finest Bay Area also catalyzing Cluster development with Smart City Innovation Cluster and the creative space cluster Open Creative House.

Startup investments made through my privately held investment company Valtonen Capital and jointly owned Random Ventures. Both making early stage capital investments in startup companies. I hold board positions in many companies.

REQUEST INTRODUCTION Arrow

THE FULL INTERVIEW

Peter Vesterbacka & Kustaa Valtonen

The full #OPNAskAnAngel talk

Jeffery: Okay welcome to the supporters fund ask an angel i’m your host jeffrey potvin and today i’d like to welcome two investors uh to our panel today kusta and peter and very excited about this opportunity because kusta you and i talked probably about two months ago and we went through uh i feel a fantastic segment of me getting to learn about all these great things that you guys are doing so maybe to kick things off acousto you can give us a little quick brief uh background again on yourself and then we’ll jump into uh learning more about peter at the same time.

Kustaa: All right and and uh thanks jeffrey great to be back uh talking with you so my name is gustav altonen from finland been working in it industry for a long time at companies like hp microsoft as we talked about last time and then about 10 years a little bit more than 10 years i’ve been a full-time business angel working with the startup companies and helping them to to grow and develop their businesses and about five years ago we started with peter this um huge mega project and uh kind of a movement around that uh that uh we’ll be talking about today so we’re building the uh helsinki italian tunnel and what we call the fine nest bay area so connecting finland and estonia with a new piece of infrastructure.

Jeffery: Awesome that excites me so much because it’s such a massive massive project i think this should be all over the netflix and tv as a documentary so hopefully you guys are capturing all of this and everything you’re doing uh peter welcome to the show thank you very much for joining us uh why don’t we start off by again learning a little bit more about your background where you’ve come from and then we’re where you are today.

Peter: Yeah yeah so um uh yes i mentioned uh i met that at hp so i always say that i started my working life at the original tech star absolute one that bill and dave started in their garage in palo alto california 1939 before my time always have to mention when we have younger audience as well uh but yeah anyway uh i had the opportunity also to meet with both bill and day when they were still around so they were fantastic entrepreneurs not only did they start uh hp you know so it was bill hewlett they packard so they started hewlett-packard but uh they actually started the whole silicon valley so that’s uh where uh where the silicon valley got started in that uh you know tiny little garage there in palo alto uh california and i think that’s like a great and inspirational story uh because uh again there wasn’t much there uh before like the silicon valley that started there in in the san francisco bay area so you had uh you know a bunch of work shirts and stuff uh and okay it’s a long time ago if you look at it to now but yes i was working at hp uh both in the valley then in finland uh so i’d like uh um was in charge of like some stuff in finland uh that was when like the communications industry and business was opened up uh so uh we got the first like gsm operator got started uh competition was introduced very early here in in finland into our market like ecosystem uh which meant that then kalakanokia took off and a lot of companies a lot of startups around that and i was actually then ended up running something called the hp bazaar which was this kind of program that we created to make it very easy for the startups back then you know all these dot coms to work with hp uh supplying you know like these cool new services to mobile operators uh and hp was in the collecting the role of supplying the boring infrastructure to power all of these cool new services and hp also cannot manage to miss the internet and dot com wave so uh this bazaar thing was something that we put in place to connect then capture the next wave and and we did so we worked with about 600 startups uh around the world we also expanded this thing from helsinki to singapore tokyo cupertino london amsterdam milan beijing shanghai bangalore like all over the place so it’s like co-working before co-working and like a uh corporate like incubation exploration program but always just ask that okay so what is this bazaar and then i said that you know like uh and they are it’s like a partner program developer program incubator accelerator like what is it and i said it’s all of that and more that’s why we decided to call it the hp bazaar so it’s also the way i always enjoy doing branding and while i was there at uh hp and doing the bazaar thing then organized the game making competition in 2003 and then nicholas kim magnarno who were students at all top university uh some other great universities over here uh they took part in th