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Joris Van Der Gucht

Joris Van Der Gucht co-founded Silverfin (acquired by Visma), co-founded Wintercircus, and is now CEO of Ravical.

Joris co-founded Silverfin in Ghent in 2013, building a cloud-native platform designed for accounting firms to manage client data and automate compliance workflows. After a decade at Silverfin (acquired by Visma in 2023), Joris co-founded Wintercircus and launched Ravical in 2025.

As a founder with a successful exit, Joris has moved into the investor and LP community, backing Entourage. He also serves as senior advisor at Blinqx and board member at PEAK Coaching.

Insights & takeaways

Joris Van Der Gucht's thinking centers on one conviction that has only sharpened over time: culture is the substrate everything else grows from. "Het start allemaal met de cultuur van uw bedrijf. Het valt en staat allemaal met de cultuur," he said reflecting on Silverfin's first decade 6, and by the time he was building Ravical that belief had hardened into practice rather than sentiment. A tech company, he argues, is "meer dan ooit een mensen business" because in B2B you are selling trust and credibility, and culture from day one is what lets technology and go-to-market work together 4. He is candid that culture is also fragile and transferable in ways founders underestimate: when Silverfin brought in an external CEO, he accepted that "die cultuur die verandert, hè. Dat is ook oké. Maar dat is een ander bedrijf" 5, a lesson he says he had naively not anticipated the first time around.

A second constant is his obsession with rejection and persistence, told through near-identical stories across interviews. Silverfin's first year was almost nothing but no's, to the point that prospects printed the incorporation deed and asked who would guarantee the company would still exist: "Vergeet niet hoeveel keer nee dat wij gekregen hebben. Dat is ongezien. Ik denk dat we het eerste jaar alleen maar nee kregen" 6. That same refusal to accept a single no is how he describes landing early believers: "Eén keer nee krijgen, ja, daar doen we eigenlijk niet aan mee" 5, and how he explains outbound sales tactics so aggressive some prospects were contacted a hundred times before converting: "We hebben sommige prospects 100 keer lastig gevallen tot ze zeiden van stop het, maar nadien zijn ze wel klant geworden" 5. He generalizes this into a sales philosophy for B2B workflow businesses specifically: nobody is actively searching for improvement in a process they've run for decades, so you must go outbound and proactively re-educate the market rather than wait for inbound interest 4.

His view of Belgian, and specifically Flemish, entrepreneurial ambition is pointed and self-critical. "Think big zit niet in ons DNA als Vlaming," he says, framing Silverfin's growth into a genuine global challenger as proof that the ambition gap is cultural rather than structural: "Dus eigenlijk die challenges zijn identiek, dus waarom is het dan niet mogelijk?" 6. He credits exposure to serial entrepreneurs who had taken companies public with showing him Silverfin's problems were the same problems everyone faces at scale, and he allows himself, carefully, to claim the outcome: "Ik durf toch wel te zeggen dat wij vanuit België hier toch wel een serieuze challenger hebben gebouwd" 6. This sits alongside a strong distrust of the "go international fast" dogma of the 2010s. He now argues that going international multiplies management complexity by roughly ten rather than two or three, since managing someone in the UK, Netherlands or France differs fundamentally, and that deep, dominant local positions are underrated compared to premature global expansion 45.

On the mechanics of building companies, he keeps returning to founder dynamics and speed as the two variables that matter most. He attributes most of the startup failure rate not to product or market but to bad founder agreements struck too early, contrasting that with Silverfin's own foundation of near-total trust between co-founders with little formalized on paper 4. He is explicit that unequal cap tables and overly complex early terms poison the journey: "Als je van in het begin al een beetje vastzit, te grote cap table, te moeilijke afspraken, ja, dan wordt de journey wel een beetje lastiger" 5. He extends this into how he reads investors and acquirers, saying the terms on offer already reveal who someone is, and that good investors keep terms simple because over-securing a deal kills founder freedom and motivation 45. Speed itself he treats almost as a moral good: "Er zijn meerdere routes naar succes, dat speed is hard to beat" 4, and he calls delaying product validation "het domste wat je waarschijnlijk kan doen" 4.

His account of the Silverfin exit is deliberately anti-strategic: there was no exit planning across ten years of building. "Wij hebben hier iets gebouwd dat een industrie een beetje verandert," he says of the outcome 5, insisting acquirers appeared because of relentless focus on market and product, not because of any engineered path to sale 4. He describes writing the CEO job posting as "growth CEO" without mentioning M&A specifically so as not to skew the candidate pool toward dealmakers rather than builders 5, and he singles out Visma's willingness to preserve culture and measure employee net promoter score as the signal that made them the right acquirer 4. Running through all of this is a personal operating discipline he tries to install as a system rather than a mood: reviewing his own playbook weekly, on Sunday evenings, and pushing himself to obsolete his own role. "Kwartaal op kwartaal wil ik mezelf ontslaan en wil ik de nieuwe versie van mezelf aannemen," he says, treating self-replacement as the job description of a founder in a market moving this fast 4.

With Ravical, his thinking shifts from scaling a known model to interrogating whether the whole professional-services business model survives AI. He frames the entire knowledge-worker industry as a historical parenthesis, "de industrie die bestond tussen de opkomst van de computer en de opkomst van AI," arguing the value of knowledge is eroding fast and advisors must reinvent how they charge, not just how they work 4. That plays out concretely in his account of UK accounting firms: 92% of SMEs would pay their accountant more, and 94% said they would bring outsourced work back if the firm could deliver it, which he reads not as a service gap but a capacity gap that AI is now closing. "Firms always wanted to serve these clients. They never had the capacity to do it, and that is the part now changing" . He pairs this with a blunt diagnosis of the industry's real bottleneck: "The industry has no problem adopting AI. It struggles to build a new business model around it" , and he predicts pricing itself must move from seat-based licensing to token or value-based models where vendor and customer are mutually exposed to whether value is actually delivered 4. Because that redefinition happens so fast, he treats moat and vision as moving targets rather than fixed assets, saying Ravical's own sense of its moat is completely different every few months and that continuous iteration, not a locked long-term plan, is now priority number one 4.

  • Silverfin bootstrapped to €750k ARR before raising, and the annual upfront licence renewals each January gave cash that self-financed growth — a deliberate alternative to raising early.
  • Never accept one 'no': the same persistence used on prospects (some contacted 100 times before becoming clients) got the Showpad founders and Jürgen Ingels to invest; the fear of rejection is what stops most founders after one refusal.
  • A press release naming credible investors moved Silverfin from third or fourth on prospects' agendas to the top — third-party validation directly accelerated enterprise sales in digital transformation software.
  • Contrary to the 'go global' SaaS dogma of 10 years ago, local players in SMB financial software (ERP, tax, accounting) can grow to enormous potential in a single small market like Belgium.
  • Building culture across two locations (Ghent product, London commercial HQ) at two different speeds was underestimated; in hindsight he would explicitly pick one location to build the culture.
  • An external CEO will genuinely reshape the company: 'that culture changes — it's a different company', something he had naively not anticipated but accepts as legitimate.
  • He posits a correlation between investor quality and clean terms: good investors keep terms simple because over-securing a deal kills founder freedom, motivation and passion.
  • The CEO vacancy deliberately said 'growth CEO' without mentioning M&A or exit preparation, because candidates tend to be good at either M&A or growth, and signalling exit would have skewed the search.
  • Index Ventures' biggest value was mindset-stretching and network: a board partner challenged them to come back with a million-euro deal, which they signed nine months later.
  • Ghent's tech ecosystem compounds like a snowball: yesterday's founders are today's venture boutiques and funds, plus an unmatched community of experienced SaaS operators (AEs, customer success) that didn't exist 10 years ago.
  • Tim, a reluctant seller, was trained through afternoons of cold-calling coaching into 'the best caller you'll meet' — cold calling remains a highly efficient way to get meetings if you accept the rejection math.
  • In the AI era it has become nearly impossible to define a durable moat; Ravical debates its moat weekly and it was completely different three months ago, making continuous iteration priority number one.
  • Vision and product reality now run one-on-one: you can no longer sell a long-term vision and educate the market slowly, so you must continuously re-educate prospects because a demo from three months ago is already an eternity in technology.
  • A tech company is more than ever a people business because in B2B you sell trust and credibility; winning requires both technology and go-to-market together, which makes culture from day one essential.
  • In B2B nobody is actively looking for improvement in workflow businesses — the industry has done the process for decades — so you must proactively go outbound and educate the market rather than wait for inbound demos.
  • Silverfin's early outbound was a hacked Mailchimp setup sending short personalized problem-statement emails; prospects who clicked and met with them virtually all became customers within a year.
  • The bulk of the 90% startup failure rate comes from bad founder dynamics — poor early agreements, misalignment and unequal commitment — while Silverfin's foundation was near-total trust between co-founders with little on paper.
  • As a second-time founder Ravical takes an 'unfair advantage' by hiring experienced people from day one and raising €7M+ immediately to buy time and speed, whereas first-time founders should prioritize builders with can-do mentality over skills.
  • The knowledge-worker industry can be seen as the industry that existed between the rise of the computer and the rise of AI; the value of knowledge is eroding fast and the advisory industry must reinvent its entire business model.
  • AI pricing is shifting from seat-based to token/value-based models where technology vendor and customer are mutually linked: if no value is delivered, nothing is consumed and the vendor earns almost nothing.
  • Going international multiplies management complexity by 10, not 2-3: managing someone in the UK, Netherlands or France differs fundamentally, and deep local winners are underrated versus the 'go international fast' dogma of the 2010s.
  • Silverfin never planned or discussed an exit in ten years of building; acquirers appeared on the radar precisely because of relentless focus on the market and the product, not because of exit engineering.
  • When evaluating an acquirer or investor, the terms they offer already reveal who they are; Visma stood out by wanting to preserve culture and measuring employee net promoter score.
  • Founders should build a personal operating system/playbook, review it weekly (Joris does on Sunday evenings), and think in compounding week-on-week delivery instead of only in decade-long visions.
  • A founder has the unfair advantage of always being able to decide and close deals; a good culture instead gives accountability to people who want to take it, supports them through failure, and builds a feedback culture rather than the founder overruling everyone.
  • Ravical converted 100% of its design partners into paying customers in year one and hit international proof points in Belgium, the Netherlands and the UK by end of 2025.
  • Real market and product validation only happens on the market; startups should focus on 'breaking through growth' at the customer rather than perfecting internal functions like customer success or invoicing too early.
  • Silverfin got almost only rejections in its first year — prospects even printed the incorporation deed asking who would guarantee the startup would still exist in a few years — and persistence plus early adopters made the difference.
  • Company culture is set unconsciously by the founders and first employees and cannot be written down in the beginning; it is the foundation that determines whether you can 'take on the world'.
  • When negotiating in your non-native language against a native British counterpart, you start with a structural disadvantage — a real challenge when a Belgian company switches to English as its corporate language.
  • Cultural sales differences matter: British prospects say 'super' but never commit or answer the phone again, while Dutch prospects tell you within five minutes whether it's good or bad — learnings that must be codified for the whole company.
  • The London move taught him he is a better entrepreneur than manager; he now deliberately focuses only on what he does well and enjoys, instead of trying to be good at everything.
  • Exposure via their first investor to serial entrepreneurs taking companies public showed their challenges were identical to Silverfin's — proving that building a world player from Belgium is possible and that Flemish founders are too modest.
  • Too many founders quit too early: after one year you often know nothing yet; consistency and long-term thinking combined with short-term execution is what makes entrepreneurs successful.
  • His hardest moment was having to manage out team members through what risked becoming a toxic environment — a situation he never intended as a founder and never wants to repeat.
  • As an entrepreneur you always have more time than you think; the constant rush can be approached more calmly with better prioritization and long-term thinking.

Education

  • Fiscaliteit (Tax), Artesis Hogeschool Antwerpen (2009 - 2011)

Career

Roles
  • RavicalCo-founder, CEOMay 2025 – Present
  • PEAK CoachingBoard MemberMay 2024 – Present
  • Wintercircus GhentCo-FounderMay 2023 – Present
  • Silverfin#93factoryCo-FounderJan 2013 – Oct 2023
  • BDO Belgium#156factoryAccounting & Reporting ServicesMar 2011 – Feb 2013
  • Handson & PartnersFinance consultantAug 2008 – Mar 2011
Education

From public career histories · 8 entries

Media & appearances

3
  1. 4podcast
    Ben's Mentors · 20 Mar 2026

    Silverfin co-founder Joris Van Der Gucht recounts bootstrapping to a €300M exit to Visma and explains how he's now building AI-agent startup Ravical with a €7M raise, an experienced team of 22, and a weekly-iteration, culture-first playbook.

  2. 5podcast
    The Harbour · 27 Jun 2024

    Silverfin co-founder Joris Van Der Gucht recounts bootstrapping to €750k ARR, 'stalking' the Showpad founders and Jürgen Ingels into a €250k seed, raising from Index Ventures and Hg Capital, and the €300M exit to Visma in September 2023.

  3. 6podcast
    Connexi · 02 Oct 2023

    Silverfin co-founder Joris Van Der Gucht reflects on 10 years of scaling from a Ghent startup to a global accounting-tech challenger, covering market validation, the London move, and why Flemish founders need a think-big growth mindset.

Recent mentions3