EUVC

Today, we have with us Stephan Heller, Founding Partner at AlphaQ Venture Capital. AQVC is an innovative, evergreen VC fund of funds focused on small VCs globally and democratizing diversified access to venture capital. Stephan is a seasoned tech entrepreneur and investor passionate about nurturing the next generation of innovative companies, developing robust platforms, and cultivating thriving ecosystems. Over the past 15 years, he has been deeply involved in the entrepreneurial landscape. Stephan also co-founded five companies, including a leading deep-tech startup accelerator for one of the largest high-tech corporates in the world and establishing a successful and innovative VC fund of funds. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:13 Diving Deep into AQVC's Approach 00:35 Stefan's Unique Framework for Evaluating Funds 03:24 The Criteria for Evaluating Emerging Managers 03:38 Alignment and Uniqueness in Funds 04:14 Evaluating First-Time Funds: Challenges and Strategies 05:09 The Hustler Mentality in Venture Capital 05:59 Building a Firm with a Vision 06:37 Technical Aspects of Fund Evaluation 08:26 The Journey from First to Second Time Funds 09:03 The Role of Reference Calls in Due Diligence 10:46 Deep Dive into Track Record Validation 11:27 The Challenge of Investing in First-Time Investors 18:39 Evaluating Fund Performance and Strategy Execution 21:18 Understanding DPI Creation in Third Time Funds 24:04 Closing Thoughts and Future Plans

Today, we have Carina Namih and Sten Tamkivi with us. Carina and Sten are Partners at Plural, a 400M EUR early-stage venture fund to back ambitious European founders on massive missions with hands-on help from experienced operators. Plural launched in June 2022 with the aim to give serious founders in Europe investors with company-building experience to match their ambition. Plural’s mission is to have a GDP-level impact on Europe, address systemic risks, and reduce the opportunity gap worldwide through the companies it backs. Plural has just announced its second fund with a total of 650M AUM and an established portfolio of 25 companies and notable investments, including Ready Player Me, Robin AI, and Unitary. Plural’s team is split between Tallinn, Estonia (where Sten is from) and London (where Carina is from). Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 01:37 Karina's Journey from Biotech Founder to Venture Capitalist 03:14 Stan's Path: From Entrepreneur to Plural Partner 04:57 Raising a Fund in a Challenging Market 07:02 Plural's Investment Strategy and Focus 15:52 Plural's Unique Approach to Adding Value for Founders 23:03 Scaling the Impact: Plural's Vision for Europe's Tech Ecosystem 25:21 Addressing the Critiques: A Candid Look at the VC Landscape 29:25 Challenging the Status Quo in VC Practices 30:20 The Philosophy Behind Investment Decisions 30:47 Strategic Follow-On Investment Approach 31:55 Innovative Decision-Making in Investment Committees 34:02 The Unique Approach to Follow-On Investments 42:14 Building the Plural Platform: Insights and Strategies 58:13 Uncommon Beliefs and the Future of European Tech

Today, we are joined by Mikko Silventola for a new episode of the SuperAngel podcast. Mikko is an angel investor, and Venture Partner at Superangel. 😉Mikko invests his own capital, but also via Magnetic Global Fund (Index Ventures Angel Fund), and he likes to provide capital for the underdogs in the ecosystem. He was the first investor in companies like: Mikko also has a solid track record in the internationalization of companies in Asia, Europe, and the Middle East. He spent the past 10 years in Asia and the Middle East operating in the private equity sector, focusing on advising early-stage companies, angel investing, M&A advisory, and fundraising. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 02:30 Miko's Angel Investing Journey 03:32 Transition to Venture Business and Global Investments 07:23 Defining the Superpower of an Angel Investor 09:15 Strategic Angel Investing and Portfolio Management 10:20 The Art of Following On in Investments 12:44 Navigating Challenges and Opportunities in Venture Capital 22:05 Investment Philosophy and Identifying Potential Unicorns 26:12 Selecting the Right VCs and Avoiding Pitfalls 33:34 Personal Reflections and Life Lessons 35:13 The Concept of Life Design and Work-Life Balance 40:07 Investing Without Borders: A Global Perspective 40:28 Analyzing the Strengths of the Nordic and Baltic Startup Ecosystem

The landscape of venture capital is evolving, and Isomer Capital is at the forefront with its new fund designed to meet the dynamic needs of the European venture capital market.We sat down with Joe Schorge and Omolade Adebisi from Isomer to talk through the market, the strategy and the future. Well-worth a watch as we open up the deck that raised the fund and tap the brains that incept and run it. But let’s get the headline numbers in place: This strategic distribution of funds is a response to the current market conditions where many European VCs have yet to realize significant returns from their investments. These circumstances often necessitate liquidity solutions for personal reasons—such as purchasing homes or funding private education—or professional requirements like meeting General Partner (GP) commitments for raising new funds. Hope you’ll enjoy the read and watch on eu.vc and the listen here on your pod player 🙏

Rainer Märkle is the General Partner of HV Capital, €380m Venture and €400m Growth fund, with almost €3BN AUM. Rainer joined HV 15 years ago. In his third week at the firm, HV invested in Zalando. Accompanying the founders of Zalando from seed to IPO and beyond has been the most rewarding chapter in his VC career. It taught him that anything is possible, boundaries are imaginary, and amazing things can happen by working in the right set-up. Aside from this, he has been involved in big exit stories with HelloFresh, Quandoo, and Stylight. Some of his other highlights include working with Scalable Capital, Alasco and finn.auto. In his spare time, Rainer is a family guy. He also likes to push boundaries in sports, participating in the Ironman World Championships Hawaii and many other endurance events. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 03:16 Rainer’s Journey: From Engineer to VC 04:04 Diving Deep into HV Capital 07:21 Transitioning from Corporate VC to Independent Fundraising 10:56 Raising Funds in a Challenging Market 13:26 Maintaining Trust with Existing LPs 16:03 Keep Your Principles Against Market Hype 30:57 Strategies for Achieving Fundraising Goals 32:39 The Importance of DPI in Fundraising 34:33 Balancing Act: Liquidity vs. Value Potential 37:34 Decision-Making Dynamics Within the Firm 39:29 Adjusting Strategies and Narratives in Changing Markets 42:05 Insights for Emerging VCs and Fundraising Challenges 44:30 Shout Outs to Emerging Managers and Partners 48:26 Key Learnings from the Latest Fundraise 51:43 Advice for Younger Selves and Emerging VCs

We continue our discussion on Fundraising during and after the tech reset, as part of our little hype parade ahead of the launch of the State of European VC Fundraising Report. Today, we have with us two close friends of the pod: Carlos Eduardo Espinal from Seedcamp and Bogdan Iordache from Underline Ventures. Carlos Eduardo Espinal is a Managing Partner at Seedcamp, arguably, Europe's leading seed fund, first launched in 2007 to support European entrepreneurs truly compete on a global scale. With investments in over 460 companies including publicly listed Romanian-founded, UiPath, Wise and unicorns Revolut, wefox and Pleo. Carlos is a published author, fellow podcaster and has been on the Forbes Midas List as one of the most influential VCs in Europe for more or less as long as yours truly has been alive. Bogdan Iordache is the Founding GP of Underline Ventures, a $20M seed fund in Romania and the first solo GP in the region. Bogdan and his team are focusing on backing Eastern European founders with global ambitions, and though I just said vertical-agnostic, Underline does pay extra attention to enterprise automation, AI, cybersecurity, industrial tech, defense, and climate-related startups 🌳. Chapters: 00:14 Shifting Sands and the Rise of New LPs 00:32 Seedcamp and Underline Ventures 04:52 Shifting Sands and Impact on Emerging Managers 05:43 Bogdan's Journey Through the Tech Reset 07:58 Carlos's Insights on Supporting Emerging Managers 10:23 The Challenges of Fundraising 12:00 The Tech Reset on VC Funding 17:10 Raising Fund Six and the Importance of Fund Size 21:02 The Art of Fundraising and Learning from LPs 26:27 Exploring Overlooked Geographies in Venture Capital 39:00 The Role of Community and Background in VC 47:44 Reflecting on the Evolution of the Venture Ecosystem 50:02 Closing Thoughts on GPLP Relationships and Emerging Managers

We sat down with Daniel Keiper Knorr, founding partner of Speedinvest for a discussion on what he thinks allowed them to raise 500 million during and after the tech reset. What ensued was a conversation revealing how Speedinvest decided to diverge from traditional VC practices by dedicating substantial resources including the full time attention Daniel, one of the founding partners, to fundraising and investor relations. This conversation ONLY focuses on the raise process, dynamics and learnings, to understand the thesis behind the fund, go read the original launch post of Speedinvest IV by Oliver Holle. Chapters: 03:34 Daniel's Journey into Venture Capital 04:02 The Evolution of Speedinvest 05:15 The Unique Approach to Fundraising 06:28 Navigating Fund Generations 07:21 Experiencing Market Cycles and Pivots 08:28 The Strategy Behind Speedinvest's Latest Raise 11:22 Adapting to Changing Market Conditions 12:26 The Impact of Macroeconomic Changes on Fundraising 16:19 Pivoting the Narrative Around the Fund 21:11 Differentiating Between Seed and Growth Stage Investing 24:56 Advice for Fund Managers Raising in Europe 26:03 Understanding LP Preferences and Building Relationships 27:41 Creating Urgency Among LPs 28:53 Thoughts and Advice for Future Fundraisers Key learnings from the episode One of the most striking revelations from Daniel’s experience is the profound impact of global economic conditions on venture capital dynamics. He delves into how the sudden shift in LP inquiries from portfolio-centric to macroeconomic concerns mirrored the broader economic uncertainties, highlighting the necessity for VCs to be economically astute. This sensitivity to macroeconomic shifts is not just about staying informed but about integrating this understanding into the strategic narrative of the fund. Daniel’s recount of adapting Speedinvest’s narrative in response to changing economic sentiments underscores the importance of this adaptability not as a reactionary measure but as a strategic imperative. It serves as a compelling reminder that venture capital, while focused on the future, must navigate the present’s economic realities. Daniel’s emphasis on transparent and ongoing communication with LPs underscores a fundamental pillar of successful venture capital operations. The strategic approach to communication — viewed through the lens of building trust and managing expectations — is both an art and a science. Daniel illustrates how Speedinvest’s preemptive communication strategy, especially in times of strategic pivots or market volatilities, has been instrumental in reinforcing trust with LPs. This proactive engagement goes beyond regular updates, encompassing a nuanced understanding of LP preferences, concerns, and the strategic dissemination of information to mitigate surprises and align expectations. It’s a testament to the view that in the realm of venture capital, effective communication is as crucial as financial acumen. The conversation further illuminates the critical importance of agility in the face of market shifts. Daniel’s narrative brings to life the concept of strategic adaptability — not just as a response to changing market conditions but as a proactive stance in anticipation of these changes. This agility, underpinned by a thorough understanding of both the venture ecosystem and broader economic indicators, is pivotal for the relevance and efficacy of venture funds in fluctuating times. It’s about the capacity to pivot not just in strategy but in the narrative, ensuring that the fund remains aligned with the evolving priorities and concerns of investors. Speedinvest’s journey through various economic cycles, as narrated by Daniel, accentuates the invaluable role of experience in the venture capital landscape. This seasoned expertise, characterized by a history of navigating booms and busts, is a cornerstone in building and sustaining LP confidence, particularly during turbulent market conditions....

Today, we are meeting with Ertan Can, the Founding General Partner of Multiple Capital, a venture capital fund based in Luxembourg. Ertan has just closed his third fund with a target of $50M after investing already in companies like NP-Hard, Angular, Airstreet (1), Lunar, Fly, Inflection, Foreword by Declan, and Remote First Capital by Andi Klinger, Nomad by Marc McCabe. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:54 Deep Dive into Ertan Can's Third Fund and Investment Strategy 04:07 Ertan's Journey from Family Office to Micro VC 06:04 Challenges and Learnings from Raising Fund III 08:13 Navigating the European Fundraising Landscape 13:47 Strategic Shifts in LP Engagement and Fundraising Realities 21:29 Understanding the Micro VC Ecosystem and Fund Size Dynamics 35:42 Evaluating Emerging Managers and Fund Performance 37:50 The Role of Randomness in Fund Success and Investment Strategy 39:55 Evaluating Investment Consistency and Strategy 40:34 The Importance of Building a Strong Network 41:07 Performance Metrics: Beyond Early Success 43:14 Assessing Portfolio Company Progress and Entry Valuations 53:23 The Rise of Fund of Funds in Europe 54:03 The Role of LPs in the Venture Ecosystem 01:03:02 Advice for Emerging Managers and Fundraising Challenges 01:13:42 Personal Reflections and Future Directions Key Learnings from the episode One must acknowledge that not all VC funds, especially first-time funds, will be outperformers. Ertan works from an expectation that a minority, perhaps 10 to 20 percent, will become outlier funds, with the remainder performing average or below average. Ertan Can notes the randomness in fund success, citing that outliers in his experience have come from unexpected places, suggesting a belief in the potential rather than the certainty of each fund being a standout.Assessment The transition from a first to a second fund often does not provide sufficient time to demonstrate real performance in terms of markups or DPI. Early successes or markups are seen as unsustainable for predicting future performance. Ertan values the consistency of the emerging manager with their initial strategy and approach. He looks favorably upon GPs who remain focused on their initial thesis and do not chase current market hypes or trends without a well-thought-out reason for any strategic shifts. The ability of a GP to build a network, attract follow-on investments from reputable names, and be invited to competitive rounds is viewed as more important than early performance metrics. An important KPI for Ertan is the range of entry valuations a fund manager secures. Investing at lower entry valuations, indicative of conviction and an earlier investment stage, is preferred over higher entry valuations that might follow market signals or competitiveness. Building a recognizable brand and becoming the go-to GP in a specific region, vertical, or niche is deemed more crucial than first-fund numbers. Recognition in the ecosystem can be a more significant indicator of future success than immediate performance data. Ertan advises maintaining consistency, having a well-defined market thesis, and resisting the urge to significantly upscale the fund size or pivot strategies to follow current hypes. Managers should focus on being recognized as experts in their specific focus areas, which is seen as vital in a competitive market. Q: Advice for your 10 year younger self.Q: Advice for fundraising managersQ: The most counterintuitive thing learned in venture.

In this roundtable, we pull the curtain back on some of the core insights from our upcoming State of European VC Fundraising-report and dive deep on the impact of the tech reset for fundraising managers, discuss GP/LP dynamics and uncover how VCs best navigate the current fundraising environment. For the conversation, we brought together some of the most respected investors in our ecosystem: Daniel Keiper-KnorrSpeedinvestJoe SchorgeIsomer CapitalEkaterina AlmasqueOpenOceanChristian Hjort PedersenIIP DenmarkAnd to moderate the whole thing; Tom Hughes Ellis & eu.vc’s Andreas Munk Holm. Watch it on eu.vc 👀 Get the full report before anyone else on floww.io/raise ! 👀 Together with our good friends at Isomer Capital and Floww, we’ve spent the winter digging into 300+ interviews as well as the latest market data and Isomer Capital’s vaulted data treasures to uncover how the tech reset has impacted the fundraising market in Europe and how leading VCs across the continent have changed their strategies, tactics and operational handbook.Filled with graphs, beautiful narratives and video interviews providing an entirely new and engaging experience, we’ve created an unparalleled learning experience you won’t just sift through, but actually spend real time with.

Join us as Tom Wilson from Seedcamp and Anthony Danon from Cocoa talk to Eva Spannagl, co-founder & Managing Director of Climatos. Eva is a builder. She loves to build things and see their outcomes come to life, and she loves to work with people who are building something. Previously, she worked at McKinsey and at Moss, an early-stage FinTech startup from Berlin. Now, Eva is leading Climatos, a company that builds mini solar panels for urban spaces while nurturing her passion for angel investing. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:48 Eva's Journey from Consulting to Angel Investing 03:04 Eva's First Investment Story 03:55 The Motivation Behind Becoming an Angel Investor 05:25 Eva's Approach to Angel Investing 05:32 Memorable Deals and the Impact of Angel Investing 08:52 Eva's Investment Thesis and Strategy 11:03 Portfolio Diversification and Founder Support 18:46 The Value of Collaboration with VCs and the Angel Community 22:05 Core Learnings from Angel Investing 26:42 Testing for Founder Drive and Attitude

In the Investing and Scaling in Romania and Beyond webinar, we talk about the vibrant entrepreneurial ecosystem of Central and Eastern Europe, with a specific focus on Romania. From celebrating the local technical skills and historical engineering heritage, countries in CEE examine the nuances of building a startup with a global mindset from day one. Our guests discuss the 'UiPath effect', highlighting how success stories like of this one company have inspired new entrepreneurs and attracted increased attention and resources from the venture capital world. In essence, the webinar provides a comprehensive, nuanced, and up-to-date exploration of the Eastern European startup and venture capital landscape, making it a must-watch for investors, founders, and anyone interested in the local tech scene of Romania and its surrounding regions. Listen to it here or watch it on eu.vc for a discussion on: This event is a part of the CO-INVESTIN project, focusing on understanding and improving European investment ecosystems. Chapters: 00:26 The Venture Ecosystem in CEE 04:56 Romania's Flourishing Ecosystem: Insights and Success Stories 07:34 The Technical Talent and Entrepreneurial Mindset in Romania 09:37 Challenges and Opportunities for Romanian Startups 12:51 Investor Perspectives: The Appeal of Romanian Startups 17:27 The UiPath Effect: A Catalyst for Romanian Innovation 23:05 The Global Impact of Romanian Startups and the UiPath Legacy 29:40 Investment Strategies and Considerations in CEE 34:06 Investment Trends and Pricing in the Startup Ecosystem 37:42 Local vs. Global: Startup Challenges in the CEE Region 40:07 Unique Challenges of Building Startups in CEE 41:23 The Role of Engineering Culture in Startup Success 43:24 The Critical Need for More Capital in the Ecosystem 55:16 Addressing Diversity and Gender Gaps in Tech

Today, we have Davor Hebel with us. Davor is the Managing Partner at Eight Roads, a $11bn global venture platform. The firm has over 450 portfolio companies, including 60 IPOs and many unicorns, such as Alibaba, Toast, Flywire, Chewy, Hibob, Neo4j, and Fever. Eight Roads invests in companies at scale-up stages (usually rounds A-C) and helps them win globally. Davor runs the Europe and Israel franchise with around 45 companies and $1.5bn AUM. Davor’s investments count leaders across SaaS, consumer, digital health, and fintech sectors, including Hibob, Appsflyer, Fever, Fireblocks, Owkin, Wallapop, ScyllaDB, Red Points, Packlink (sold to Auctane), Rimilia (Blackline), Innogames (MTG), and Treatwell (Recruit). Davor was born in Croatia and studied in the US. Davor is also passionate about sports, and he still tries to find time for some rowing, tennis, and Barry’s Bootcamp 🙂 whilst raising his 3 kids (11, 9, and 6). Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 01:03 Davor's Journey: From in Venture Capital 03:50 The Role of a VC: Beyond Investment 04:12 Empathy and Support: The VC Approach to Entrepreneurship 06:05 Balancing Business and Personal Life in Entrepreneurship 06:53 The Evolution of a Founder's Role 11:22 The Future of Technology: AI's Impact 14:42 AI in Venture Capital: A Tool for Success 17:00 The European Entrepreneurial Landscape: From Ice Age to Innovation 19:45 The Growth and Potential of European Startups 22:27 US Investor Participation in Europe 24:06 Navigating the VC Landscape in a Changing Europe 30:20 Davor's Top Learnings from a Decade in Venture Capital

Today, we have Christine Tsai with us. Christine is the CEO and Founding Partner at 500 Global, a multi-stage venture firm in Silicon Valley with $2.4B in AUM, which has backed 2,900 companies operating in 80+ countries. 500 has invested in 35+ companies valued at over $1 billion and 160+ companies valued at over $100 million (including private, public, and exited companies)³. This includes companies like Canva, Talkdesk, Grab, Lucidchart, eFishery, Credit Karma, Intercom, Twilio, Sendgrid, and more. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:09 Diving Deep into 500 Global's Evolution 03:02 Christine Tsai's Personal Journey into Venture Capital 10:22 500 Global's Unique Approach to Venture Capital 14:07 Diverse Backgrounds in Venture Capital 27:41 VC Unlocked in Educating Emerging Managers 40:42 The Early Bird Gets the Worm: Investing in Startups 41:15 The Challenges and Opportunities of Accelerators 41:51 Navigating the Accelerator Landscape: Tips for Founders 42:48 Spotlight on Global Accelerator Success Stories 43:30 The Evolution of Venture Capital: From Skepticism to Success 44:02 Venture Capital's Herd Mentality vs. Disruptive Investing 48:39 Leading the Charge: Transitioning from Co-Investor to Lead Investor 01:08:23 Balancing Act: Navigating Work and Family Life in Venture Capital

Join us for a new episode of the NEUVC series dedicated to those embarking on their journey in the VC. In this episode, Freddie Macpherson, Associate at Isomer Capital, and Linda Võeras, Investment Manager at Karma Ventures, are joined by Marie Brayer, Partner at Fly Ventures. Fly Ventures is an early-stage deep tech and tech-heavy B2B software specialist fund. They are the first-check VC for technical founders and invest from day zero to seed, backing founders from all over Europe. Marie has a background in finance and a keen interest in engineering. Before joining Fly Ventures in 2022, she worked with Serena Capital, where she invested and worked with more than 10 French B2B startups, including Descartes Underwriting, Lifen, Malt, and Kili Technology. Marie is always looking to help founders who really want to take on a huge technical challenge. Make sure to listen to Marie’s inspiring story on today’s podcast episode below. Go to eu.vc for our core learnings and the full video interview 👀 Chapters:

If one of your guilty pleasures is watching four wealthy, over-the-top opinionated talking heads every weekend, you may recall that Chamath Palihapitiya predicted that 2024 will be the year that bitcoin becomes a mainstream asset. We brought together three true crypto native VCs to discuss crypto’s comeback, recent trends and where we’re headed. Listen to it here or watch it on eu.vc for a discussion on:The Panelists Jan Baeriswyl, GP at very early Ventures has deep expertise in token design and a dedication to working closely with founders. Veryearly is one of Europe’s leading first time funds in supporting the builders of critical Web3 infrastructure. They focus on helping founders design products, protocols, and tokens with a technical hands-on approach. We recently announced our investment in Very Early - check it out here for a spotlight on what we believe a rising star in crypto looks like. Felix Machart, Partner at Greenfield Capital is an expert in crypto-economics, governance, and crypto capital markets at large. Greenfield is a European crypto investment firm and long-term backers of early developer teams building toward an open, decentralized, and more robust architecture of tomorrow’s web. Anirudh P., Partner at Dragonfly has a track record of identifying new trends early and making bold bets on contrarian theses. Dragonfly are crypto-natives who have been investing and building for 10+ years. Founded in 2018, dragonfly brings access and influence to help crypto teams with global aspirations find innovation and adoption anywhere.Chapters:

Join us as we step back and chart the evolution of European VC with a true O.G. Roundtable: Yaron VallerTarget GlobalChris WadeIsomer CapitalKerry BaldwinIQ CapitalAnd moderated by Andreas Munk Holm from EUVC and Gabriel Shin, CFA from Vauban from Carta 🎙️ Chapters: Watch the webinar eu.vc or listen on Apple/Spotify 🎧 This roundtable is brought to you in partnership with Carta, the easiest way to launch & run your fund and syndicates. It’s no secret that we at eu.vc are happy and heavy users of the Carta platform as it allows us to be creators turned angels without bogging us down in back-office hassle of investing. For a very special treatment, go here to let the Carta team know you’re coming from the eu.vc community 🤗

Today, we have Vincent Touati-Tomas with us. Vincent is the Head of Marketing at Northzone, a global VC firm Northzone that has raised more than ten funds to date, with its most recent fundraising in excess of €1 billion, investing in startups from Seed to Growth. Northzone is investing out of Fund X and more than 80 active portfolio companies and notable investments, including Personio, Klarna, Kahoot, Spotify, and Spring Health. At Northzone, Vincent focuses on all things marketing. Now, Vincent is one of the great thinkers and practitioners of marketing in European VC, and we're so lucky that he has taken the time to structure his thoughts on the topic for us in this episode. So, you're in for a real master class. Some might be a bit hard to follow if you're not doing marketing in your day-to-day, but I urge you to stay tuned because there's so much to learn for any VC thinking about how to build and grow their firm and its impact. So strap in, and let's hear from Vincent. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:02:18 Vincent's Journey into Venture Capital 00:04:15 The Power of Podcasting in Vincent's Career 00:05:51 Marketing Strategies for VC Firms: Insights from North Zone 00:18:36 Building Relationships and the Importance of Content in VC 00:39:54 The Transparency Challenge in European Venture Capital 00:40:48 The Importance of Public Performance Metrics 00:43:18 Liquidity and Performance: A European Perspective 00:46:46 Marketing and Operations: Dream Structures for VC Firms 00:56:03 Building a VC Brand: Narrative and Franchise Development

Join us as our own Andreas Munk Holm and Anthony Danon from Cocoa talk to Elsa Hermal, angel investor and co-founder of Epicery, about impact investing, diverse teams, and economic resilience. An exited impact entrepreneur turned founders mentor, Elsa empowers CEOs and C-levels to navigate both strategic and human challenges, leveraging her entrepreneurial expertise to guide them and their teams toward sustainable growth. With a dedicated 100% impact investment portfolio, Elsa is also a proud backer of Satgana, the climate tech fund we recently announced our investment into, whose final close is just around the corner with a 4.2x TVPI. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:00:00 Welcome to the Super Angel Podcast 00:01:08 Elsa's Journey into Angel Investing 00:03:38 Investment Philosophy: Impact Over Profit 00:04:28 Exploring Unconventional Investment Areas 00:05:14 Balancing Purpose and Profit in Investments 00:12:26 The Future of Mental Health 00:14:30 Deep Dive into Psychedelics 00:30:13 Elsa's Investment Strategy and Core Learnings

Today, we have Jan Voss with us. Jan is the Head of Family Office at BLN Capital, a Berlin-based Single Family Office. BLN invests across almost all asset classes but has historically been most active in early-stage ventures in Germany as well as the VC and PE fund space. AT BLN, Jan leads a three-person investment team focused on long-term investments across almost all asset classes. Jan is also a very active author on LinkedIn with over 15,000 followers, regularly sharing insights into family offices, venture capital, and asset allocation with his readers. BLN manages over 100M€ in assets and has an established portfolio of 30+ companies and notable investments, including Kittl, PowerUs, and Meine Erde. Jan is also the Managing Director of Cape May Wealth. Cape May Wealth is a Berlin-based wealth management firm. They aim to make family office investment knowledge available to everyone to help entrepreneurs make better decisions regarding their wealth. Go to eu.vc for our core learnings and the full video interview 👀 Chapters: 00:05:18 - Balancing Moonshots and Profitability 00:07:54 - The Mistake of Family Offices in VC Investments 00:13:00 - The Value of European VCs 00:20:29 - Secondaries and Venture Debt 00:23:03 - The Versatility of Growth Funds in the German Market 00:25:36 - Investments in Private Equity and Venture Capital 00:30:39 - The Pros and Cons of Large Funds and Small Market Investments 00:33:06 - Direct VC Investments and Portfolio Strategy 00:35:41 - Different approaches to investing 00:38:17 - The Importance of Tracking Companies' Progress 00:40:55 - VC Fund Behavior and Courage 00:45:57 - Three Biggest Learnings from the Past 10 Years 00:48:19 - Being proactive and driving personal traction 00:53:11 - Tips for Emerging VCs 00:58:22 - Contradictory Communication Styles

Today, we have Julia Hawkins with us. Julia is a General Partner at Phoenix Court, a $1.5bn AUM EMEA multi-stage tech investor, backing the most ambitious founders on their journey from seed through to public markets and beyond over the last two decades. LocalGlobe is the pre-seed and seed fund investing out of Phoenix Court’s Fund 12 with an established portfolio of over 200 companies with notable investments including At-Bay, Motorway, Zego and Improbable. At Phoenix Court, Julia focuses on health and hard tech and led investments into AccuRx, Oxford Nanopore, Vaccitech, and more recently Spore Bio and Early Health. Go to eu.vc for our core learnings and the full video interview 👀 Chapters:00:00:00 Welcome to the European VC Podcast with Julia Hawkins 00:00:26 Diving Deep into Phoenix Court and Multi-Stage Investing 00:04:22 Julia Hawkins' Journey into Venture Capital 00:15:44 The Impact of Personal Experiences on Professional Paths 00:18:27 Exploring the Future of Hard Tech in Europe 00:34:09 Exploring Healthcare Innovations and Community Impact 00:34:33 The Unique Approach of Local Globe in Healthcare Investments 00:35:25 Building Relationships and Community in the Healthcare Sector 00:44:21 Mentorship and Diversity in Venture Capital 00:52:47 Advice for Emerging VCs