Our guest today is Milen Manev, the co-founder and CTO of PlanDelta, a next-generation planning tool bridging the gap between strategic and financial planning.

With over 20 years of experience in the IT industry, Milen has a wealth of knowledge in software product development and has held various leadership positions, including Vice President at the American software company SyncHR.

He holds a Master Degree in Management of Information Systems from Sofia University St. Kliment Ohridski.

In this episode we discover Milen’s approach to entrepreneurship, fundraising and what he learned from pitching to the biggest VC funds.

He talks about:

How visualizing failure and making peace with the worst case scenario can help you prepare for hard decisions;
Why self-promotion and highlighting your capabilities is crucial during fundraising;
What sacrifices comes with entrepreneurship and what mental health challenges occur;


*This episode of The Recursive Podcast is released in partnership with the European Bank for Reconstruction and Development. As part of their mandate to support small and medium-sized businesses, The EBRD’s SME Finance and Development Team provides knowledge, network, and skills to help emerging businesses innovate, thrive, and succeed.

TIME STAMPS:

00:00 - Trailer
01:56 - Introduction
02:27 - How PlanDelta Choose the Problem They Want to Solve
05:52 - How to Know if You Are Solving the Right Problem
09:22 - Carving a Niche in Complex IT Ecosystems: How PlanDelta Identified Its Place in the Big Picture
15:09 - Data Integrity for Strategic Decisions in Fast-Moving Startups
17:06 - Mastering the Pitch and How Many Meetings With Investors You Need
27:48 - The Truth About Fundraising as an Early Stage Startup
30:32 - Why and How PlanDelta Fundraised from 17 Angel Investors
34: 54 - Step by Step: PlanDelta's Methodical Approach to Growth
39:00 - The Fine Line Between Ego and Ambition
44:28 - Navigating the Competitive Landscape of Tech Startups
51:09 - How to Get Energized as a Founder and the View on Failure
1:04:37 - Mentorship and Asking for Support
1:08:33 - Outro