The so called "startups" that are mentioned in the article are just a fancy way of entertaining hipsters who are children of rather wealthy(by the local standards) parents. The Erenpreiss bicycles are owned solely by rich children. There is no way that can be called a startup.
> But last year, Davis Kanepe, 28, took matters into his own hands in Riga. He leased a crumbling, Italianate music school building on a down-on-its-heels corner in the middle of the city and, with some friends, turned it into a bar and cultural center.
I have been there, guys. Its just a piss poor empty bar, with cheap booze, full of teenagers, and people who call themselves "artists".
The constant comparison with Estonian skype makes sick. Its like saying that "Maybe US will be as good as Canada, because Justin Bieber is from Canada" whenever you speak about music.