Philipp Medrow

‘We don’t want to be the kind of sponsor that just has a banner or logo’

‘PwC NextLevel assists with all business-related topics, enabling you to stay focused on developing your business and your product’, says Philipp Medrow, partner in the Berlin office and leader of PwC NextLevel Germany.

“We started working with startups pretty much as soon as they started to ask us for support and services back in 2005,” says Philipp Medrow. “Over the years we continuously adjusted and professionalized our services to ensure the best possible support for our fast-moving clients. We offer help across the board, starting with the optimal legal setup of a new company, protection of intellectual property, cross-border taxation and auditing financial statements.”

“We do all this so that startups can stay focused on being agile and stay on top of what’s important – their business”

“One thing we noticed is that startups deal with these issues too late in the game. Because we were already a part of the startup ecosystem, we profited from word-of-mouth. We don’t want to be the kind of sponsor that just has a banner or logo, we want to be present and a vital part of the ecosystem.”

Do & Don’t:

 

  • Do be ambitious.
  • Do keep the focus on both the customer and the product.
  • Do outsource your pain points to someone you trust.

  • Don’t make it too complex.
  • Don’t forget your stakeholders.
  • Don’t overpromise.

PwC is recognized around the world as the number one professional services firm, and the PwC NextLevel initiative is fully embedded in a global network of 220,000 employees across 157 countries, offering assurance, tax and advisory services. In Germany, dedicated startup teams in all the major German offices – Berlin, Hamburg, Frankfurt, Munich and Düsseldorf – are ready to support young companies.

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