Liquid Labs - Where Companies Are BuiltWe are an experimental organisation where ideas are tested, startups are built and innovation in FinTech & Logistics moves forward.
Start-Up LaboratoryWe are a small team building and launching products for the Otto Group. We’ve made a deliberate choice to build Liquid Labs as an independent platform where experimentation is welcome. We take the principles of venture capital combined with best practices from the startup world to further corporate innovation.
At the same time, we avoid chasing trends or reacting to hype and remain driven to create real value with our products from inception. We are not measured by financial return and instead strive to build sustainable businesses.
Our FocusWe focus on two segments at this time: FinTech and Logistics. FinTech is a combination of technical products and services in the financial industry. In both segments we build digital products and offer services accessible online. It remains essential that we can quickly prototype and test products as well as achieve product / market fit in the near term.
Best of Both WorldsWe remain a partner to the existing investment ecosystems while allowing entrepreneurial minded people to learn how to build startups. Our managing directors are both former VC’s with many years of experience. They are on site and accessible to the teams. The opportunity to experience company building is what we offer without the risk of doing it alone. We accept that no matter how well executed products can be, sometimes they just don’t work. This is a part of our approach to innovation and we recover as well as refocus quickly when things don’t work out.
Immediate path to marketWe don't just think about products and prepare slide presentations. We build products and services and scale companies around them. The Otto Group gives us access to know-how, marketing channels, capital, infrastructure and a constant feedback loop which is critical for success. If our product can't quickly stand on its own legs, we'll move on to the next challenge.
What we don't doWe are not a venture capital fund nor do we invest in external teams or companies. Liquid Labs is structured as a separate entity of the Otto Group and we are focused on building products for the group. We source our own ideas and this means we are attending industry events and speaking with our contacts to generate ideas.
Our team is made up of people with technical and business skill sets, located under one roof. Although our projects are independent businesses with their own teams, everyone is working for the benefit of Liquid Labs. Although we do have the ability to spin out projects and raise external venture capital, our priority remains to generate products for the Otto Group.
How We WorkAs an innovation lab we work closely together with our corporate partners, offering the flexibility of a startup environment. We avoid corporate bureaucracy as well as restrictions and enable our business partners to create new product innovations.
After success in the market, a product and its team are spun-off from Liquid Labs to become an external, separate company or part of an existing organization.Together with our partners, we take ideas from the sectors financial technology as well as logistics and turn them into products. Liquid Labs consists of small, international teams with different characters, personalities and backgrounds. Once we have identified a new opportunity, a team within Liquid Labs will work on transforming the idea into a viable product to be launched into the market. Usually there are three or four products being built at Liquid Labs in parallel. Our teams work independently on agile product development, using lean startup principles. A team usually consists of at least a product and tech lead that work in conjunction with internal and external staff to push for quick market entrance. We force quick development cycles and believe that you should “fail fast”. This allows us to test our ideas in the market and enables us to build products that solve actual problems as well as needs. It also allows us to quickly refocus our resources when something doesn’t work out.
What we offerWe offer you a chance to learn how to build businesses, drive innovation and work independently without constant supervision. We want self-starters who have already proven some degree of competence in previous roles who can be given independent projects to run.
Working in a matrix structure with external development groups involved in the process, you have to be able to communicate openly and clearly with multiple people, work closely in a team environment and be detail-oriented when under pressure. We offer competitive compensation and an opportunity to ultimately become the C-Level manager of a brand new start-up.
You will be expected to work independently and without constant input from management. There will always be people in the office but you won’t necessarily always have access directly to the people whom you need to interact with.
Hence you need to feel comfortable working in both an office and a virtual environment with a lot of interaction via phone and Internet. Due to the nature of our innovative environment, we are a diverse mix of people and personalities.
Further, because of the startup environment, it gets chaotic at times but we refer to this as “creative chaos”! If this is something for you and you are looking for a fun place to work in a challenging job with interesting responsibilities, let us know.