SHARE
COPY LINK
JOBTALK GERMANY: ENTREPRENEUR SERIES

JOBS

‘Relentlessly networking with cool people’

In our weekly feature series, The Local chats with a successful entrepreneur. This week, Sparsh Sharma talks to Simon Schneider, CEO and co-founder of networking tool Zyncd.

'Relentlessly networking with cool people'
Simon Schneider

Zyncd is a crowdsharing tool that matches people looking for advice with experts inside a network and from other trusted networks. Schneider has founded as well as led five start-ups in the UK, Germany, and the US and is also currently on the board of two other start-ups.

How did you come up with this business idea?

I've been in the start-up world for over 10 years and survived so far only by relentlessly networking with cool people, asking questions of strangers and helping others with advice. I fundamentally believe that networking is key to success in business – and Zyncd aims to make it a bit easier.

The idea for Zyncd came to me when I noticed how time-consuming it can be to get in touch with the right person for just a few minutes of business advice. One example is the mass emails I receive each week from students from my alma mater, London Business School.

Despite my willingness to help, most of these emails are not relevant to me, and as a result, I don't have time to go through them to see which questions I might be able to answer.

In contrast, Zyncd uses an algorithm to match each search to the expert that can best answer it, for a private 1:1 conversation.

Both the expert and the advice-seeker are each given approximately 11 minutes, like having a quick chat over coffee; long enough to get a problem solved by someone with in-depth knowledge on a subject, but short enough to fit into the workday.

We allow people to network by using what they know to get the information they need.

Networking on Zyncd can lead to collaboration, problem-solving, sales opportunities, or even recruitment – just like in the real world.

What were the initial challenges? How did you overcome them?

After moving back to Germany after 14 years in the US and UK, I found it very difficult to put together a good team as I had no local network to speak of.

My initial team for Zyncd was from all over the world but we soon realized that we had to restructure the team to fulfil all three key criteria that I find important for a start-up team: located in the same city as me, super smart and fully committed to this start-up.

The initial business model was met with resistance, despite the fact that I thought it was a revolutionary 'sharing-meets-crowdfunding' idea.

After tough discussions with experts, who said the idea was too broad, we were able to narrow it down to the give-and-take business advice platform that we are now.

As I learned from my three previous start-ups, the difference between a successful and failed startup has been my openness to advice and willingness to ask experts questions.

How has the journey been so far?

Our two main turning points were:

First, the Wayra Accelerator, part of Telefonica, decided to purchase a first licence from Zyncd for internal knowledge exchange between its start-ups, mentors and alumni.

Getting a first sale is always a milestone for a start-up and we celebrated with a bottle of champagne.

The second breakthrough came recently as our matching algorithm beat our human tester in the assessment of CVs.

The machine is able to make matches that were superior to human snap judgments about someone’s skill level, which were often wrong.

How has becoming an entrepreneur changed you, personally?

I have always been one. I started my first real venture when I was 18 and the internet had just started becoming popular in Germany.

My second start-up was during the dot-com boom. I was able to raise venture capital for a sub-par idea that eventually failed and then three years later, my last venture grew to 20 employees and was successfully sold to InnoCentive in the USA.

Any other personal reflections or message to budding entrepreneurs?

Don’t try to be like everyone else. Find your own way. I know that sounds obvious, but I see so many smart, young entrepreneurs who have some kind of start-up-hero in mind they want to emulate.

I think the reason why I have always been an entrepreneur is because I like to go against the grain, I like to do my own thing and just be me.

You can be shy, loud, thoughtful, funny, introvert, fearful, young, old – there is no stereotype of a successful entrepreneur.

So don't try to copy the style of someone you read about, someone who sold his/her start-up for hundreds of millions.

Sparsh Sharma works as a freelance journalist for The Local and blogging about his experiences in Denmark. You can follow him on Twitter at @sparsh_s.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

WORKING IN GERMANY

Which Bavaria-based companies regularly hire English speakers?

Bavaria is no doubt a beautiful state with a strong economy, but can be a hard place for non-German speakers to integrate. The Local takes a look at job opportunities in Germany’s southeastern 'Free State.'

Which Bavaria-based companies regularly hire English speakers?

Munich ranks third in German cities with the highest total GDP, behind Berlin and Hamburg, but in terms of GDP per capita, it’s higher than both of them.

It also consistently ranks high, often highest, in terms of average household income.

As of 2023, nine of the 40 companies listed on DAX, Germany’s stock index, were based in Bavaria. Seven of those are based specifically in Munich.

While Frankfurt is commonly known to be Germany’s business capital, Munich can claim the title of Germany’s insurance capital, which is saying something, as Germany is home to some of the largest insurance firms in the world, like Allianz.

Beyond the state’s capital city, a number of international companies are based elsewhere in Bavaria, particularly in the Franken region, near Nuremberg.

Which companies actively hire English speakers?

Bavaria, and Munich in particular, is home to a number of companies at the forefront of international business. But the state is known for its traditional, sometimes conservative, culture, which affects its business culture as well.

Whereas companies embracing English as their primary business language are easy to find in Berlin, the practice is less common in the south. That said, there are some notable exceptions. 

Sportswear giants, Adidas and Puma, both have their headquarters near Nuremberg in Herzogenaurach, and regularly recruit English speaking international talent.

“As an international company, our teams reflect the rich diversity of our consumers and communities,” Jon Greenhalgh, Senior Manager Media Relations for Adidas told The Local. “Fostering a culture of inclusion where we value and leverage differences, ensures that we can authentically engage with our employees and truly connect with our consumers.”

He added that around 40 per cent of Adidas’ Germany-based employees are foreign nationals, from over 100 different countries.

Siemens and BMW rank among Bavaria’s top employers, and are also known to hire their fair share of foreigners.

“In Germany, we recently had around 2,000 open positions,” Konstanze Somborn told The Local on behalf of Siemens AG.

He added that Siemens operates in 190 countries. “That is why we value international teams very much…English as a common language is very usual.”

READ ALSO: ‘Which German companies want to hire foreigners?’

Similarly, BMW hires workers from a variety of backgrounds. 

“Every year, we hire lots of internationals and welcome them to the BMW Group,” Dr. Hans-Peter Ketterl, a press spokesman for BMW Group told The Local. 

But not all of these positions are available to non-German speakers.

Ketterl added that BMW’s working language is German in the country, even though, “English is an indispensable entry requirement as the second corporate language in many areas of the company.”

Check job boards and follow best practices

If it’s your first time applying for jobs in Germany, make sure to change your resume to the German format, even for English positions.

While Germany is home to its own job boards, like Xing, LinkedIn is probably the best place to start. In addition to searching for positions based in your preferred location, you can check relevant groups, like Munich Startups, to broaden your horizons.

The English Jobs in Germany website is also a good resource to start with. 

SHOW COMMENTS