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My 2025 Review: Estonian Startup Ecosystem & Portfolio
Investing Kristjan Raude Investing Kristjan Raude

My 2025 Review: Estonian Startup Ecosystem & Portfolio

Is the Estonian startup miracle over? Returning from Mauritius to the 2025 Fireside Chat, I found a stark contrast: negative headlines vs. a "mildly positive" reality. Here is my honest 2025 portfolio review—including 2 exits, 1 scam, and why "honorable deaths" are a sign of a maturing ecosystem.

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