Meet Lorenzo, the dynamic founder of Weagle srl. His entrepreneurial journey is a testament to innovation, resilience, and seizing opportunities. Lorenzo's path, which started with an innovative wine bar, led to the creation of Weagle to address critical issues in business privacy.
From wine bar to Tech Startup:
Lorenzo's entrepreneurial spirit ignited at a young age when he opened an innovative wine bar in the heart of Milan, Italy. In just three years, he transformed an initial investment of €80,000 into a successful sale for €450,000 in 2018. This early success set the stage for his entrepreneurial journey, marked by a thirst for innovation.
Discovering Market Needs:
Identifying market needs is the cornerstone of entrepreneurial success. Lorenzo and his team recognized a significant gap in corporate cybersecurity: the protection of web browsing. While corporations invest millions in safeguarding their digital fortresses, the vulnerability of web browsing remained unaddressed. This realization led to the creation of Weagle, a business tool designed to secure web browsing data, tapping into a vast market of corporations with over 200 employees.
The early stages of Weagle were marked by technological challenges, with over two years dedicated to perfecting the technology. Such hurdles are common in pioneering ventures. However, the most significant challenge was the extended contract negotiation time with large corporations.
Building a winning Team:
Success hinges on assembling the right team. Lorenzo sought a perfect blend of young managers and a tech-savvy team, complemented by an influential advisory board. This mix fosters the innovation and vision essential to Weagle's growth.
The Long-term vision:
The long-term vision for Weagle is clear—to become the go-to security tool for safeguarding corporate web browsing data. The strategy revolves around the integration of cutting-edge technologies into their privacy ecosystem, ensuring they remain at the forefront of the industry.
The essential entrepreneurial Skill:
Leadership, according to Lorenzo, is the most important skill for an entrepreneur. It's the ability to inspire and guide a team towards a shared vision.
The Driving Force:
What motivates Lorenzo as an entrepreneur? He describes himself as a serial entrepreneur, driven by the daily pursuit of innovation and solutions.
Words of Wisdom:
Lorenzo's advice to aspiring entrepreneurs is simple but profound—keep pushing every day.
The Impact of Entrepreneurship:
For Lorenzo, entrepreneurship has had a profound impact on his life, transforming it in countless ways.
Lorenzo's entrepreneurial journey with Weagle is an inspiration for innovators and visionaries. Explore Weagle's mission and vision at www.weagle.it, and be part of the future of business privacy and web security.
Full interview below 👇
What motivated you to start your company and how did you begin your entrepreneurial journey?
I started my entrepreneurial journey at 21 years old, I opened an innovative wine bar in the centre of Milan Italy, and after 3 years i sold it to 450k € with an initial investment of 80k in 2018, after this I training my self to understand better the startup's world with 2 experiences in the creation of tech c and in 2020 I founded Weagle. I created Weagle because we find a big problem in a segment of business privacy: The business web browsing.
Identifying a market need is crucial for any business. Can you share the story behind discovering the market opportunity that led to your business idea?
We saw that corporates pay millions to protect the company 's castle with cyber security tool, but don't protect browsing web that can be really critical, so we create a business tool for browsing web and so the market is opened for us, and it's a big market because there are hundreds k of big company with more than 200 employees.
Starting a company often involves overcoming obstacles. Could you tell us about a significant challenge you faced during the early stages of your company and how you navigated through it?
We had problems for the creation of the technology, more than 2 years, but it's normal for a new technology like Weagle. After the biggest problem for us is the long time to close contracts with big corporation.
Building a strong team is essential for success. What qualities were you looking for when assembling your founding team, and what advice do you have for others in this regard?
Perfect mix of young managers and tech team, with an important advisoring board and senior that support the ideas of the Weagle's Guys
Looking ahead, what's the long-term vision for the company? How do you plan to continue innovating and making an impact in your industry?
We want to be the security tool that protect browsing data for corporations. Our strategy is the integration of new technologies in our privacy ecosystem.
What is the most important skill for an entrepreneur to have?
What motivates you to be an entrepreneur?
I'm a serial entrepreneur, every day I need to think about innovation and solutions.
What advice would you give to someone who wants to start their own business?
Keep pushing every day
How has entrepreneurship impacted your life?
Is there anything else you would like to share with us about entrepreneurship?
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