Video: Invest in Estonia, 1993
This is a hidden gem: Estonia's pitch as a startup country, almost 30 years ago. As far as I know, it hasn't been on the Internet yet.
This video (and an accompanying paper publication) was distributed in 1993 by the Estonian Privatisation Agency to invite foreign investors to Estonia.
A few highlights:
- "Estonia has in a single year succeeded in reducing inflation from 20% a month to 3% a month". Not a year, a MONTH.
- Using Deutsche Mark to denote monetary quantities.
- Appearance from Siim Kallas (then President of the Bank of Estonia).
- Slow-mo shots of 500 EEK bills being counted.
My father was part of the team that put this together and recently rediscovered the VHS tucked away somewhere deep in a closet. I couldn't not share it. It's amazing to see the startup roots of Estonia go back so far, and what a long way we've come.