<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Capital Call]]></title><description><![CDATA[Your guide to funding tomorrow's dominant companies]]></description><link>https://www.capitalcall.co</link><image><url>https://substackcdn.com/image/fetch/$s_!WXyZ!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png</url><title>Capital Call</title><link>https://www.capitalcall.co</link></image><generator>Substack</generator><lastBuildDate>Thu, 09 Apr 2026 00:57:43 GMT</lastBuildDate><atom:link href="https://www.capitalcall.co/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Willy Braun, Nicolas Colin, Vincent Touati-Tomas]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[capitalcall@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[capitalcall@substack.com]]></itunes:email><itunes:name><![CDATA[Nicolas Colin]]></itunes:name></itunes:owner><itunes:author><![CDATA[Nicolas Colin]]></itunes:author><googleplay:owner><![CDATA[capitalcall@substack.com]]></googleplay:owner><googleplay:email><![CDATA[capitalcall@substack.com]]></googleplay:email><googleplay:author><![CDATA[Nicolas Colin]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[AI in Asset Management: Selection Models, Value Creation, Implementation Strategies]]></title><description><![CDATA[Capital Call #60]]></description><link>https://www.capitalcall.co/p/ai-in-asset-management-selection</link><guid isPermaLink="false">https://www.capitalcall.co/p/ai-in-asset-management-selection</guid><pubDate>Fri, 16 May 2025 05:30:43 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>This is your curated resource on how dominant companies of the future are being funded across the evolving financial landscape. We are <a href="https://www.linkedin.com/in/willybraun/">Willy Braun</a>, <a href="https://www.linkedin.com/in/nicolas-colin-drift-signal/">Nicolas Colin</a> and <a href="https://www.linkedin.com/in/vincent-touati-tomas/">Vincent Touati-Tomas</a>.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!4uk_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!4uk_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!4uk_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!4uk_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!4uk_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!4uk_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!4uk_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!4uk_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!4uk_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!4uk_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe1a695c6-b230-449a-83b2-fac296e5f583_1600x533.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>It's hard to avoid AI now, but how is it changing top investment firms? This edition looks at how AI is reshaping asset management work and systems. From methods to assess AI's real worth in PE deals to stories of building AI-powered VC selection tools, these insights show how smart analysis, reasoning models and mixed build-or-buy plans are changing everything from due diligence to that often neglected area... founder support. We wanted to find more practical content on this topic, so if you've seen something useful, please reply and we'll share it next time.</p><p>Meanwhile, follow us on LinkedIn: <strong><a href="https://www.linkedin.com/company/capital-call/">Capital Call</a></strong>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!HHos!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!HHos!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!HHos!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!HHos!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!HHos!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!HHos!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!HHos!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!HHos!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!HHos!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!HHos!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F79144f77-372e-4476-ad44-e0b8f5d03c3f_1600x107.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Ariel Muslera &#127482;&#127480; </strong>reveals his direct experience building an AI-first investment productivity platform. He treats AI tools as a complete band rather than a solo performer, puts infrastructure before interface, prefers fresh starts over endless fixes, and warns of the major shift AI brings to how investors work: <strong><a href="https://substack.com/home/post/p-163581117">Building an AI-Powered Investment Platform</a></strong> (May 2025).</p><p><strong>Guillem Sague</strong> &#127466;&#127480; breaks down the key strategic question for VC firms: build or buy AI tools? He backs a flexible, mixed approach: build only where vendors offer nothing, buy when the market catches up, and enhance with your own data rather than starting from zero: <strong><a href="https://medium.com/%40guillemsague/ai-for-vc-build-vs-buy-4d9fc11a2bf9">AI for VC: Build vs Buy</a></strong> (May 2025).</p><ul><li><p>Also see Guillem&#8217;s guide on <strong><a href="https://medium.com/@guillemsague/how-to-score-your-incoming-dealflow-with-an-ai-agent-10663ff658a9">How to Score Your Incoming Dealflow with an AI Agent</a></strong>.</p></li></ul><p><strong>Gil Dibner &#127482;&#127480;&#127470;&#127473; </strong>tackles persistent myths about supposed game-changing megafunds in VC. Despite rapid tech evolution, key truths stand firm: tech drives prices down, creating value remains hard, and genuine venture success comes from going against the crowd rather than riding bull-market hype: <strong><a href="https://www.linkedin.com/posts/gildibner_if-i-see-one-more-goddamn-ai-generated-take-activity-7327579482490327040-Vm2T?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAAg7zKUBqY9qlpnk2lmjteWKov0QV6G15O0">If I see one more AI-generated take&#8230;</a></strong> (May 2025).</p><p><strong>Jared Heyman &#127482;&#127480;</strong>tells his story of integrating AI into a VC fund's selection process. He claims new AI models now beat even top VCs at predicting startup success. His fund's own "Rebel Theorem" algorithm uses GPT-4 and advanced reasoning models to assess founder profiles and traction data: <strong><a href="https://jaredheyman.medium.com/on-why-ai-is-coming-for-my-job-next-bb628166259c">On why AI is coming for my job next</a></strong> (April 2025).</p><p><strong>Rob May &#127482;&#127480; </strong>explores how private equity firms can gain real value from AI and assess its worth in deals. PE investors need a solid framework to spot where AI genuinely helps their portfolio companies and investment process. By setting clear criteria and showing actual use cases (such as AI spotting operational improvements or risks), he cuts through the hype to reveal true AI opportunities: <strong><a href="https://investinginai.substack.com/p/ai-in-private-equity-a-framework">AI In Private Equity: A Framework For Evaluation</a></strong> (March 2025).</p><p><strong>Vic Singh</strong> &#127482;&#127480; claims AI is driving venture capital back to its boutique origins. Despite the rise of mega-funds and platform teams, the essentials remain unchanged: building trust, judging founder potential, and guiding startups: <strong><a href="https://blog.rre.com/ai-and-the-art-of-venture-part-i-058af8938be8">AI and the Art of Venture &#8212; Part I</a></strong> (January 2025).</p><ul><li><p>See also Vic&#8217;s follow-ups: one about creating an AI model that automates key platform functions, helping firms support founders without the usual costs (<strong><a href="https://rre.medium.com/ai-and-the-art-of-venture-part-ii-automating-the-platform-function-a659033099fd">Part II: Automating the Platform Function</a></strong>), and another with <strong>Rohan Sukhdeo</strong> &#127482;&#127480; on how AI agents using chain-of-thought reasoning can strengthen a GP's judgment (<strong><a href="https://rre.medium.com/ai-and-the-art-of-venture-part-iii-the-critical-eye-478a95b40001">Part III: The Critical Eye</a></strong>).</p></li></ul><p><strong>Thomas Thurston &#127475;&#127487;</strong> examines how AI is reshaping the venture capitalist role. He points to four vital shifts: making location less important, cutting dependence on personal contacts, reducing gut-feel choices, and bringing more objectivity to investment decisions: <strong><a href="https://www.gsventures.com/news/ai-and-the-job-of-venture-capital">How is AI changing the job of Venture Capitalists (whether they like it or not)?</a></strong> (August 2023).</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Pedw!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Pedw!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Pedw!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Pedw!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Pedw!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Pedw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Pedw!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Pedw!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Pedw!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Pedw!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3bf93ab0-66df-42a3-8c6d-8b15bac024c5_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Lawrence Lundy-Bryan</strong> &#127468;&#127463; looks at how AI automation is overturning the &#8220;data-driven&#8221; venture capital model. He argues many VC tasks (such as market research and thesis creation) have become commodities through AI, with algorithms now handling data analysis better and faster than humans. Who shares this view? <strong><a href="https://open.spotify.com/episode/6bYLB7B1X3ATNcUBCsLRnU">Data-driven VC is over</a></strong>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!gY70!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!gY70!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!gY70!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!gY70!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!gY70!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!gY70!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!gY70!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!gY70!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!gY70!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!gY70!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa44481d8-d0b5-4706-9742-652e8bc7b009_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Gil Dibner &#127482;&#127480;&#127470;&#127473; | </strong>General Partner, Angular Ventures | <a href="https://www.linkedin.com/in/gildibner">LinkedIn</a></p></li><li><p><strong>Jared Heyman</strong> &#127482;&#127480; | Managing Partner, Rebel Fund | <a href="https://www.linkedin.com/in/jaredheyman/">LinkedIn</a></p></li><li><p><strong>Lawrence Lundy-Bryan &#127468;&#127463; | </strong>Partner, Lunar Ventures | <a href="https://www.linkedin.com/in/lawrence-lundy-bryan/">LinkedIn</a></p></li><li><p><strong>Rob May</strong> &#127482;&#127480; | Co-Founder and Managing Director, Half Court Ventures | <a href="https://www.linkedin.com/in/robmay/">LinkedIn</a></p></li><li><p><strong>Ariel Muslera</strong> &#127482;&#127480; | Founder, Bluelabel Ventures | <a href="https://www.linkedin.com/in/amuslera">LinkedIn</a></p></li><li><p><strong>Guillem Sague</strong> &#127466;&#127480; | Co-founder, CarriedAI | <a href="https://www.linkedin.com/in/guillem-sague/">LinkedIn</a></p></li><li><p><strong>Vic Singh</strong> &#127482;&#127480; | General Partner, RRE Ventures | <a href="https://www.linkedin.com/in/vicsingh">LinkedIn</a></p></li><li><p><strong>Rohan Sukhdeo &#127482;&#127480; | </strong>Co-Founder, Originalis AI | <a href="https://www.linkedin.com/in/rohansukhdeo/">LinkedIn</a></p></li><li><p><strong>Thomas Thurston</strong> &#127475;&#127487; | Chief Technologist, Ducera Partners | <a href="https://www.linkedin.com/in/thomasthurston/">LinkedIn</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[The Rise of Tokenised Assets: Infrastructure, Access, Regulation]]></title><description><![CDATA[Capital Call #59]]></description><link>https://www.capitalcall.co/p/the-rise-of-tokenised-assets-infrastructure</link><guid isPermaLink="false">https://www.capitalcall.co/p/the-rise-of-tokenised-assets-infrastructure</guid><pubDate>Thu, 01 May 2025 04:30:36 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>This is your curated resource on how dominant companies of the future are being funded across the evolving financial landscape. We are <a href="https://www.linkedin.com/in/willybraun/">Willy Braun</a>, <a href="https://www.linkedin.com/in/nicolas-colin-drift-signal/">Nicolas Colin</a> and <a href="https://www.linkedin.com/in/vincent-touati-tomas/">Vincent Touati-Tomas</a>.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!clvU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!clvU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!clvU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!clvU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!clvU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!clvU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/610b3615-479c-4633-bb18-106c81882185_1600x533.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!clvU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!clvU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!clvU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!clvU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F610b3615-479c-4633-bb18-106c81882185_1600x533.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>This edition examines asset tokenisation's growing impact on global finance. From BlackRock CEO Larry Fink to innovative startups, leading voices explore how blockchain technology is enabling fractional ownership, enhanced liquidity, and automated compliance across investment markets. Our curated selection reveals how the digitisation of real-world assets is moving beyond cryptocurrency speculation to create more efficient, transparent systems that may fundamentally reshape wealth creation in the coming decade. Follow us on LinkedIn: <strong><a href="https://www.linkedin.com/company/capital-call/">Capital Call</a></strong>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!b-Zk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!b-Zk!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!b-Zk!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!b-Zk!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!b-Zk!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!b-Zk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!b-Zk!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!b-Zk!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!b-Zk!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!b-Zk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F607a654c-7d14-439f-b0d6-45825a3a24af_1600x107.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p>In <strong>Larry Fink &#127482;&#127480;</strong>&#8217;s latest annual letter, the BlackRock CEO predicts that the future of finance includes digital assets and tokenisation, to i. reduce settlement delays (which in turns free up capital for reinvestment) ii. enable fractional ownership and iii. make shareholder voting more transparent and accessible: <strong><a href="https://www.blackrock.com/corporate/investor-relations/larry-fink-annual-chairmans-letter">Larry Fink&#8217;s 2025 Annual Chairman&#8217;s Letter to Investors</a></strong> (April 2025).</p><p>Our own <strong>Nicolas Colin</strong> &#127467;&#127479; interviews former NEAR Foundation CEO <strong>Marieke Flament</strong> &#127467;&#127479; who argues that blockchain's true success lies in becoming invisible infrastructure. She identifies tokenisation of real-world assets like dollars (stablecoins) as blockchain's most promising application, creating more efficient, transparent systems for transferring value while maintaining regulatory compliance, ultimately enabling a <em>&#8220;second economy&#8221;</em> that mirrors physical assets in digital form: <strong><a href="https://www.driftsignal.com/p/crypto-will-have-won-when-you-use">&#8220;Crypto will have won when you use blockchain without knowing it&#8221;</a></strong> (April 2025).</p><p><strong>Taylor Ryker &#127482;&#127480;</strong> and <strong>Leon Owens Lloyd</strong> <strong>&#127482;&#127480; </strong>from CoolWave Capital examine the convergence of legacy financial systems with blockchain-based assets, highlighting increased liquidity, accessibility, and efficiency as tokenisation goes mainstream: <strong><a href="https://medium.com/@coolwavecapital/tokenization-and-traditional-finance-in-2025-a-symbiotic-evolution-9c1a05ac5949">Tokenization and Traditional Finance in 2025: A Symbiotic Evolution</a></strong>.</p><p>In <strong>Michael Green &#127482;&#127480;</strong>'s analysis, tokenisation transforms finance by enabling sophisticated <em>&#8220;digitally native assets&#8221;</em> that eliminate analog inefficiencies. Unlike conventional methods that rely on crude leverage, tokenisation allows precise cash flow splitting to create stable, high-return products without excessive risk. Green demonstrates this by using AI to model a tokenised security that converts volatile income streams into consistent 10% returns with minimal volatility, showcasing how tokenisation enables previously inaccessible financial innovations: <strong><a href="https://www.notion.so/europeanstraits/A-Golden-Break-by-Michael-W-Green-1e234d2c2f0b817e94a9ced26700e3a2">A Golden Break</a></strong> (February 2025).</p><p><strong>Nate Nead</strong> <strong>&#127482;&#127480; </strong>explores how asset tokenisation will transform investing despite cryptocurrency market volatility. The piece distinguishes between token types, examines regulatory frameworks, and highlights how blockchain technology enables fractionalised ownership, enhanced liquidity, and automated compliance across various asset classes, particularly in real estate and securities markets: <strong><a href="https://invest.net/blog/how-tokenization-will-change-investing">How Tokenization Will Change Investing</a></strong> (December 2024).</p><p>Investor <strong>Balaji S. Srinivasan</strong> <strong>&#127482;&#127480; </strong>introduces a blockchain solution for angel investing. His proposed <em>&#8220;mirrortables&#8221;</em> would function like stablecoins by creating on-chain representations of traditional capitalization tables, offering 24/7 accessibility and smart contract integration while maintaining legal compliance. This innovation aims to replace the current fragmented system of documents and wire transfers with a streamlined digital framework, making international startup investment significantly more efficient: <strong><a href="https://balajis.com/p/mirrortable">The Mirrortable</a></strong> (December 2021).</p><p>Investor <strong>Cathy Tao</strong> &#127480;&#127468; examines how cryptocurrency might enable new business empires rivalling those of the Gilded Age. Drawing parallels with 19th century industrialists, she identifies seven strategies for building crypto monopolies, from developing infrastructure to tokenising illiquid assets, while arguing that significant wealth concentration can coexist with blockchain's decentralised ethos: <strong><a href="https://medium.com/beyondhype/will-the-next-empire-be-built-with-tokens-a29a7854a623">Will the Next Empire be Built With Tokens?</a></strong> (February 2020).</p><p><strong>Jason Barraza</strong> &#127482;&#127480; argues that 2025 should be the year tokenisation solidifies its position and transitions into the "pragmatists" portion of the adoption bell curve, with regulatory clarity, institutional adoption, and improved utility, among other catalysts to stimulate exponential growth and adoption: <strong><a href="https://www.coindesk.com/coindesk-indices/2025/01/08/what-2025-holds-for-tokenized-real-world-assets?utm_content=buffer4d2b7&amp;utm_medium=social&amp;utm_source=linkedin.com&amp;utm_campaign=buffer">What 2025 Holds for Tokenized Real World Assets</a></strong>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!TQxg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!TQxg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!TQxg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!TQxg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!TQxg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!TQxg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!TQxg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!TQxg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!TQxg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!TQxg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F20f5096d-1eea-4746-80da-a22ee4b0353e_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>Economist <strong>Noah Smith</strong> <strong>&#127482;&#127480; </strong>examines how America's technology sector is increasingly shifting toward trading platforms and financial products. He argues that whilst China advances in semiconductors, drones and electric vehicles, US innovators are redirecting valuable human resources toward creating sophisticated ways to separate retail investors from their money. Smith questions whether this trend represents a socially efficient use of the nation's technological talent and entrepreneurial energy: <strong><a href="https://www.noahpinion.blog/p/the-financialization-of-tech">The financialization of tech</a></strong> (August 2022).</p><p><strong>David Phelps</strong> <strong>&#127482;&#127480; </strong>and <strong>Annika Lewis</strong> &#127464;&#127462;examine how digital collectivisation is disrupting venture capital. They argue that platforms enabling group investments through DAOs and tokenisation are creating a "multiplayer" financial landscape where communities can challenge traditional VC power structures. This shift represents a fundamental change in how investment opportunities are accessed, decisions are made, and wealth is distributed: <strong><a href="https://davidphelps.substack.com/p/collectivizing-finance">Collectivizing Finance</a></strong> (August 2021).</p><p>In this paper published by McKinsey &amp; Co, economist <strong>W. Brian Arthur</strong> <strong>&#127482;&#127480; </strong>explores how digitised business processes are creating a vast, invisible digital economy operating alongside the physical one. He argues this silent transformation rivals the Industrial Revolution in significance, forming a "neural system" for the economy that will fundamentally reshape wealth creation and distribution in the coming decades:<strong> <a href="https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-second-economy">The second economy</a></strong> (October 2011).</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-u-M!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!-u-M!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!-u-M!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!-u-M!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!-u-M!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!-u-M!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/cdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!-u-M!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!-u-M!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!-u-M!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!-u-M!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcdd6793b-69cc-493b-a2ba-985dd382ec05_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p>W. Brian Arthur &#127482;&#127480; | External Professor, Sante Fe Institute | <a href="https://www.linkedin.com/in/w-brian-arthur-71b9065">LinkedIn</a></p></li><li><p>Jason Barraza &#127482;&#127480; | COO, STM.co | <a href="https://www.linkedin.com/in/jasonbarraza/">LinkedIn</a></p></li><li><p>Nicolas Colin &#127467;&#127479; | Publisher, <em>Drift Signal</em> |<a href="https://www.linkedin.com/in/nicolas-colin-the-family/"> LinkedIn</a></p></li><li><p>Larry Fink &#127482;&#127480; | Founder &amp; CEO, BlackRock | <a href="https://www.linkedin.com/in/laurencefink">LinkedIn</a></p></li><li><p>Marieke Flament &#127467;&#127479; | Angel Investor, former CEO, NEAR Foundation | <a href="https://ch.linkedin.com/in/mariekeflament">LinkedIn</a></p></li><li><p>Michael Green <strong>&#127482;&#127480; | </strong>Chief Strategist, Simplify Asset Management | <a href="https://www.linkedin.com/in/michael-green-9a15142/">LinkedIn</a></p></li><li><p>Annika Lewis &#127464;&#127462; | Executive Director, Eco Foundation | <a href="https://ca.linkedin.com/in/annika-lewis">LinkedIn</a></p></li><li><p>Nate Nead &#127482;&#127480; | Managing Partner, HOLD.co | <a href="https://www.linkedin.com/in/natenead/">LinkedIn</a></p></li><li><p>Leon Owens Lloyd &#127482;&#127480; | CIO, CoolWave Capital | <a href="https://linktr.ee/coolwavecapital">Linktree</a></p></li><li><p>David Phelps &#127482;&#127480; | Co-founder, Joke | <a href="https://www.linkedin.com/in/david-phelps-40777859/">LinkedIn</a></p></li><li><p>Noah Smith &#127482;&#127480; | Founder and Writer, Noahpinion | <a href="https://www.linkedin.com/in/noah-smith-099122145/">LinkedIn</a></p></li><li><p>Balaji S. Srinivasan &#127482;&#127480; | Former General Partner, Andreessen Horowitz | <a href="https://www.linkedin.com/in/balajissrinivasan/?originalSubdomain=sg">LinkedIn</a></p></li><li><p>Cathy Tao &#127480;&#127468; | Chief Investment Officer, Vicuna Fund | <a href="https://www.linkedin.com/in/cathy-tao-31411419/">LinkedIn</a></p></li><li><p>Taylor Ryker &#127482;&#127480; | CEO, CoolWave Capital | <a href="https://linktr.ee/coolwavecapital">Linktree</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[Trade War Escalation: Impact on Markets, Reshoring, Private Equity Valuations, and the Closing IPO Window]]></title><description><![CDATA[Capital Call #58]]></description><link>https://www.capitalcall.co/p/trade-war-escalation-impact-on-markets</link><guid isPermaLink="false">https://www.capitalcall.co/p/trade-war-escalation-impact-on-markets</guid><pubDate>Thu, 17 Apr 2025 05:30:58 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/252d9863-b605-4753-b30a-2569c5fa41d8_1067x1067.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>This is your curated resource on how future dominant companies are being funded across the evolving financial landscape. We are <a href="https://www.linkedin.com/in/willybraun/">Willy Braun</a>, <a href="https://www.linkedin.com/in/nicolas-colin-drift-signal/">Nicolas Colin</a> and <a href="https://www.linkedin.com/in/vincent-touati-tomas/">Vincent Touati-Tomas</a>.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!mv_z!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!mv_z!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!mv_z!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!mv_z!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!mv_z!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!mv_z!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!mv_z!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!mv_z!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!mv_z!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!mv_z!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ba15392-5737-4e89-b086-c78bf2b9e55b_1600x533.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Tariff tensions are rippling through global private equity markets, shaking investor confidence and reshaping the outlook for exits. While early-stage funding remains strong, the path to IPO is narrowing, with public market volatility and rising revenue thresholds pushing liquidity further out of reach. Across sectors&#8212;from climate tech to fintech, hardware to Web3&#8212;founders and investors are grappling with supply chain disruptions, cost pressures, and the wider uncertainties of a shifting geopolitical landscape. Dive deeper into the perspectives and analysis through the curated selection below. Follow us on LinkedIn: <a href="https://www.linkedin.com/company/capital-call/">Capital Call</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!SweK!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!SweK!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!SweK!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!SweK!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!SweK!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!SweK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!SweK!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!SweK!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!SweK!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!SweK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1a1d62fb-e076-4ef5-a8af-3a4dc1a66afb_1600x107.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Joe Stephenson &#127468;&#127463; </strong>notes that while some sub-sectors like telecoms may be insulated, others, including fintech and hardware, could face significant challenges due to increased costs and supply chain issues: <strong><a href="https://www.computing.co.uk/opinion/2025/how-will-trump-s-tariffs-affect-tech-s-sub-sectors">How will Trump&#8217;s tariffs affect tech&#8217;s sub-sectors?</a></strong> (April 2025).</p><p><strong>Anshul Dhir</strong> &#127470;&#127475; argues that Web3 ventures were caught off guard by macroeconomic shocks they were never designed to hedge against, and calls for greater capital discipline and geopolitical awareness in founder strategy: <strong><a href="https://blog.0xpivot.com/crypto-vs-tariffs-why-trumps-tariffs-shook-web-3-0-b08eea18e66d">Crypto vs. Tariffs: Why Trump&#8217;s Tariffs Shook Web 3.0</a></strong> (April 2025).</p><p><strong>Howard Marks</strong> &#127482;&#127480; reflects on the radical uncertainty gripping markets, noting that tariff escalations are just one of several interconnected macro shocks: <strong><a href="https://www.oaktreecapital.com/insights/memo/nobody-knows-yet-again">Nobody Knows &#8212; Yet Again</a></strong> (April 2025).</p><p>For <em>Sifted</em>, <strong>Mehmet Atici</strong> &#127481;&#127479;, <strong>Benjamin Erhart</strong> &#127465;&#127466;, <strong>Christian Meermann</strong> &#127465;&#127466;, <strong>William McQuillan </strong>&#127470;&#127466;, <strong>Alex St&#246;ckl</strong> &#127464;&#127469; discuss &#8216;tariffs hurting confidence&#8217; among European VC circles. Despite surging investment in early-stage startups, the path to a public exit looks rocky: <strong><a href="https://sifted.eu/articles/trump-tariffs-europe-vc-startups-impact">Europe's VCs weigh Trump tariffs impact: 'They're bad for everyone'</a></strong> (April 2025&#8212;paywall).</p><p>For his newsletter <em>Newcomer,</em> <strong>Eric Newcomer</strong> &#127482;&#127480; interviews many US investors (incl. <strong>Vinod Khosla</strong> &#127482;&#127480;, <strong>Dave McClure</strong> &#127482;&#127480;, <strong>Roy Bahat </strong>&#127482;&#127480;) warning that the lingering IPO drought could stretch well beyond 2025, with no meaningful market thaw until 2026. Delayed liquidity also raises concerns for LP returns: <strong><a href="https://www.newcomer.co/p/sunday-scaries-and-a-muted-monday">How VCs Are Navigating the Tariff-Driven Stock Market</a></strong> (April 2025).</p><p>For <em>Crunchbase</em>, <strong>Don Butler</strong> &#127482;&#127480;notes an abundance of venture capital against dwindling IPO volumes since 2021&#8217;s listing bonanza. While the threshold to go public might have been $150 million to $200 million of annual recurring revenue, that has risen to about $400 million today: <strong><a href="https://news.crunchbase.com/policy-regulation/tariffs-volatility-startup-ma-ipo-dilemma-butler-thomvest/#:~:text=The%20exit%20markets%20in%20the,to%20about%20%24400%20million%20today">Tariffs, Volatility And The Startup Exit Dilemma</a></strong> (April 2025).</p><p><strong>Tom Goldsmith </strong>&#127464;&#127462; urges strategic policy responses: pension-backed funding, countercyclical innovation investment, and support for global market expansion among many to support the Canadians market: <strong><a href="https://orbitpolicy.substack.com/p/beyond-tariffs-considering-the-impacts">Beyond Tariffs: Considering the Impacts of the Trade War on Innovative Companies</a></strong> (April 2025).</p><p><strong>Ruben Dominguez Ibar</strong> &#127466;&#127480; examines the impact on hardware, SaaS, and AI companies, highlighting increased costs, supply chain disruptions, and strategic shifts in go-to-market plans: <strong><a href="https://www.thevccorner.com/p/2024-tariffs-global-tech-startups">How the Tariff Surge Is Rewriting the Playbook for Global Tech Startups</a></strong> (April 2025).</p><p><strong>Marianne Lehnis</strong> &#127468;&#127463; warns that US tariffs are sending a chill through the climate tech space, raising the cost of scaling green hardware startups and complicating cross-border collaborations. A timely alarm for climate founders navigating industrial policy headwinds: <strong><a href="https://thegreentechpreneur.substack.com/p/how-do-trumps-tariffs-impact-the">How Trump&#8217;s Tariffs Impact the Climate Tech Sector</a></strong> (April 2025).</p><p><strong>Kurt S. Altrichter</strong> &#127482;&#127480; offers a comprehensive analysis of the current trade tensions with those from 2018&#8211;2020, highlighting the broader reach and intensified geopolitical ramifications: <strong><a href="https://substack.com/home/post/p-158528522">The Investor Playbook for Trade War 2.0</a></strong> (March 2025).</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!uwP4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!uwP4!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!uwP4!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!uwP4!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!uwP4!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!uwP4!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!uwP4!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!uwP4!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!uwP4!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!uwP4!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d022694-acb8-4985-bf5b-d32324b7a9d9_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Tom Friedman </strong>&#127482;&#127480;'s recent interview with <strong>Ezra Klein </strong>&#127482;&#127480; offers investors a contrarian view on US-China relations. Fresh from a China visit, Friedman highlights how America's erratic tariff policies risk its financial dominance without achieving manufacturing reshoring goals. His observations on China's manufacturing evolution and widely digitised economy provide essential context for investors navigating trade tensions and seeking opportunities amid increasing economic bifurcation: <strong><a href="https://www.nytimes.com/2025/04/15/opinion/ezra-klein-podcast-thomas-friedman.html">Why Trump Could Lose His Trade War With China</a></strong> (audio and transcript, April 2025).</p><p>A recent edition of <em>Bloomberg</em>&#8217;s Odd Lots podcast features Impulse Labs founder <strong>Sam D'Amico</strong> &#127482;&#127480; discussing the true barriers to manufacturing reshoring. Beyond labour costs, D'Amico highlights complex supply chain coordination, local permitting challenges, and NIMBY politics in talent-rich areas as key obstacles. For investors evaluating reshoring plays, this firsthand perspective explains why tariffs alone cannot solve the West&#8217;s manufacturing challenges: <strong><a href="https://podcasts.apple.com/us/podcast/what-an-american-stove-maker-wants-you-to-know-about/id1056200096?i=1000703432201">What an American Stove Maker Wants You to Know About US Manufacturing</a></strong> (April 2025).</p><p><strong>Aaron Slodov</strong> &#127482;&#127480; explains how the doom loop of financial engineering and offshoring led the US to cede vital production capabilities for the sake of quarterly earnings. Now, with geopolitical tension, supply chain fragility, and new technologies converging, he argues this is America&#8217;s industrial venture moment: <strong><a href="https://x.com/aphysicist/status/1906552189880844664">Rewiring Silicon Valley for the World of Atoms</a></strong> (March 2025).</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!CCxq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!CCxq!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!CCxq!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!CCxq!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!CCxq!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!CCxq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!CCxq!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!CCxq!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!CCxq!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!CCxq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b166759-1806-4fcc-9558-05cfe79a91c6_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p>Mehmet Atici &#127481;&#127479;| Managing Partner, Bek Ventures | <a href="https://www.linkedin.com/in/msatici/">Linkedin</a></p></li><li><p>Kurt S. Altrichter &#127482;&#127480; | Founder &amp; President, Ivory Hill | <a href="https://www.linkedin.com/in/kurtaltrichter">Linkedin</a></p></li><li><p>Roy Bahat &#127482;&#127480; | Head, Bloomberg Beta | <a href="https://www.linkedin.com/in/roybahat">Linkedin</a></p></li><li><p>Don Butler &#127482;&#127480; | Managing Director, Thomvest Ventures | <a href="https://www.linkedin.com/in/donaldbutler1">Linkedin</a></p></li><li><p>Anshul Dhir &#127470;&#127475; | Founder &amp; CEO, Pivot | <a href="https://www.linkedin.com/in/anshuldhirr">Linkedin</a></p></li><li><p>Ruben Dominguez Ibar &#127466;&#127480; | Investment Manager, Itnig | <a href="https://www.linkedin.com/in/rubendominguezibar">Linkedin</a></p></li><li><p>Sam D&#8217;Amico &#127482;&#127480; | Founder &amp; CEO, Impulse | <a href="https://www.linkedin.com/in/s-damico">Linkedin</a></p></li><li><p>Benjamin Erhart &#127465;&#127466; | General Partner, UVC Partners | <a href="https://www.linkedin.com/in/benjaminerhart">Linkedin</a></p></li><li><p>Tom Friedman &#127482;&#127480; | Columnist, <em>The New York Times</em> | <a href="https://www.linkedin.com/in/thomaslfriedman">Linkedin</a></p></li><li><p>Tom Goldsmith &#127464;&#127462; | Founder &amp; Principal, Orbit Policy | <a href="https://www.linkedin.com/in/t-goldsmith">Linkedin</a></p></li><li><p>Vinod Khosla &#127482;&#127480; | Founder, Khosla Ventures | <a href="https://www.linkedin.com/in/vinod-khosla-65387416">Linkedin</a></p></li><li><p>Ezra Klein &#127482;&#127480; | Columnist, <em>The New York Times</em> | <a href="https://www.linkedin.com/in/ezra-klein-33a6069">Linkedin</a></p></li><li><p>Marianne Lehnis &#127468;&#127463; |&nbsp;Founder, <em>The Green Tech Entrepreneur</em> |&nbsp;<a href="https://www.linkedin.com/in/marianne-lehnis/?originalSubdomain=uk">LinkedIn</a></p></li><li><p>Howard Marks &#127482;&#127480; | Co-Chairman, Oaktree Capital Management | <a href="https://www.linkedin.com/in/howardmarksbook/">LinkedIn</a></p></li><li><p>Dave McClure &#127482;&#127480; Founder, Practical Venture Capital, 500 Startups <a href="https://www.linkedin.com/in/davemcclure">Linkedin</a></p></li><li><p>William McQuillan &#127470;&#127466; | Partner, Frontline Ventures | <a href="https://www.linkedin.com/in/willmcq/">LinkedIn</a></p></li><li><p>Christian Meermann &#127465;&#127466;| Founding Partner, Cherry Ventures <a href="https://www.linkedin.com/in/christianmeermann">Linkedin</a></p></li><li><p>Eric Newcomer &#127482;&#127480; | Founder, <em>Newcomer</em> | <a href="https://www.linkedin.com/in/ericpnewcomer/">LinkedIn</a></p></li><li><p>Aaron Slodov &#127482;&#127480; | Founder &amp; CEO, Atomic Industries | <a href="https://www.linkedin.com/in/abslodov/">LinkedIn</a></p></li><li><p>Joe Stephenson &#127468;&#127463; | CEO, Anaphite | <a href="https://www.linkedin.com/in/joe-stevenson">Linkedin</a></p></li><li><p>Alex St&#246;ckl &#127464;&#127469; Partner, Founderful | <a href="https://www.linkedin.com/in/alexstoeckl/">LinkedIn</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[Defence Tech Investment: Procurement Challenges, Innovation Gaps, and Transformative Change]]></title><description><![CDATA[Capital Call #57]]></description><link>https://www.capitalcall.co/p/defence-tech-investment-procurement</link><guid isPermaLink="false">https://www.capitalcall.co/p/defence-tech-investment-procurement</guid><pubDate>Thu, 03 Apr 2025 04:30:45 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/a029d702-8d2a-41cb-bc23-0a9f2033a99d_1067x1067.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>This is your curated resource on how dominant companies of the future are being funded across the evolving financial landscape. We are <a href="https://www.linkedin.com/in/willybraun/">Willy Braun</a>, <a href="https://www.linkedin.com/in/nicolas-colin-drift-signal/">Nicolas Colin</a> and <a href="https://www.linkedin.com/in/vincent-touati-tomas/">Vincent Touati-Tomas</a>.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!EZ_p!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!EZ_p!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!EZ_p!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!EZ_p!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!EZ_p!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!EZ_p!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!EZ_p!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 424w, https://substackcdn.com/image/fetch/$s_!EZ_p!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 848w, https://substackcdn.com/image/fetch/$s_!EZ_p!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 1272w, https://substackcdn.com/image/fetch/$s_!EZ_p!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14e76407-18f5-4c02-903a-3ea3afa83dca_1600x533.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>This edition explores the exciting but complex world of defence tech investment. From the growing demand for innovation to the barriers slowing progress, investors and experts weigh in on the challenges and opportunities facing startups. Whether it&#8217;s navigating procurement hurdles or leveraging AI for military strategies, the sources below offer crucial insights into the future of defence technology. Dive in to explore how the sector is evolving and what needs to change for real impact. We welcome your feedback and suggestions for future topics. Follow us on LinkedIn: <a href="https://www.linkedin.com/company/capital-call/">Capital Call</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Xa-x!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Xa-x!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Xa-x!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Xa-x!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Xa-x!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Xa-x!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Xa-x!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Xa-x!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Xa-x!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Xa-x!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7e5d8814-2711-408f-88e5-d4e0a2bf2dde_1600x107.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p>For <em>Sifted</em>, <strong>John Thornhill &#127468;&#127463; </strong>examines the investment paradox facing European defence tech, citing investors <strong>Sille Pettai</strong> &#127466;&#127466; and <strong>Michael Jackson &#127482;&#127480;</strong>. Despite surging capital flows and strategic urgency, fundamental obstacles remain. Fragmented procurement systems and inconsistent demand create structural challenges that even promising startups like Helsing must navigate: <strong><a href="https://sifted.eu/articles/ukraine-defence-tech-invest-europe">Europe's rearming. But does defence tech make investment sense?</a></strong> (February 2025&#8212;paywall)</p><p><strong>Sherman Williams &#127482;&#127480;</strong>, <strong>Forrest Underwood &#127482;&#127480;</strong>, <strong>James Palmer</strong> <strong>&#127482;&#127480;</strong>,<strong> Chris Porter</strong> <strong>&#127482;&#127480;</strong>, <strong>Cael McCormick &#127482;&#127480;</strong>, and<strong> Derek Reim &#127482;&#127480;</strong> question whether soaring defence valuations outpace operational maturity. They caution investors against applying commercial SaaS patterns to defence, where adoption and exit timelines differ structurally. <strong><a href="https://www.ainventures.com/post/is-defense-technology-in-a-bubble">Is Defense Technology in a Bubble?</a></strong> (June 2024)</p><p>A few months after their inaugural <a href="https://press.airstreet.com/p/european-defense-procurement">report on European defense</a>, <strong>Nathan Benaich</strong> &#127467;&#127479; and <strong>Alex Chalmers</strong> &#127468;&#127463; find the gap between Eastern Europe's wartime mindset and Western inertia unchanged. Despite spending boosts, procurement reform remains critical over innovation theatre. <strong><a href="https://press.airstreet.com/p/dynamism-and-defense-six-months-on">Dynamism and defense: six months on</a></strong> (May 2024)</p><p>Bessemer&#8217;s <strong>David Cowan</strong> &#127482;&#127480;, <strong>Tess Hatch</strong> &#127482;&#127480;,<strong> Janelle Teng</strong> &#127482;&#127480;, <strong>Christopher Wan</strong> &#127482;&#127480;, and <strong>Jason Scheller</strong> &#127482;&#127480; outline a strategic framework for investing in defence startups, focusing on dual-use technologies, software-first platforms, and new procurement pathways. While US-focused, the report draws global parallels, incl. with Europe&#8217;s defence modernisation efforts. <strong><a href="https://www.bvp.com/atlas/roadmap-defense-tech">Roadmap for Defense Tech</a></strong> (January 2024)</p><p><em>TechCrunch</em> gathered insights from leading VCs in the defense space, including <strong>Jackson Moses</strong> &#127482;&#127480; (Silent Ventures), <strong>Jake Chapman</strong> &#127482;&#127480; (Marque Ventures), <strong>David Ulevitch</strong> &#127482;&#127480; (a16z), <strong>Raj Shah</strong> &#127482;&#127480; (Shield Capital), and <strong>Josh Manchester</strong> &#127482;&#127480; (Champion Hill Ventures). They highlight the potential of dual-use markets but warn of systemic exit challenges, as defence tech IPOs remain rare and M&amp;A is hindered by policy and procurement opacity. <strong><a href="https://techcrunch.com/2023/11/20/defense-tech-investor-survey/">Defense Tech Investor Survey</a></strong> (November 2023)</p><p>Eric Tegler interviews<strong> Jake Chapman</strong> &#127482;&#127480; of Marque VC on why traditional venture models struggle in defence, highlighting long sales cycles, unpredictable exits, and narrow M&amp;A options. <strong><a href="https://www.forbes.com/sites/erictegler/2023/10/11/the-matha-venture-capitalist-breaks-down-investment-in-defense-startups/">The Math: A Venture Capitalist Breaks Down Investment In Defense Startups</a></strong> (October 2023)</p><ul><li><p>Jake later deepened this view on his firm&#8217;s blog, offering a candid breakdown of what needs to change for returns to materialise in the sector. <strong><a href="https://www.marque.vc/resources/internal/jake-chapman-defense-venture-math-exits">Venture Math in Defense, Part II: Exits</a></strong> (December 2023)</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!0oYt!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!0oYt!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!0oYt!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!0oYt!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!0oYt!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!0oYt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!0oYt!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!0oYt!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!0oYt!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!0oYt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F056b4a10-3ea8-4980-a48f-5d835ded6e7b_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>Startup executive <strong>Erik Kannike</strong> &#127466;&#127466; explores the operational and cultural realities of investing in defence startups. He contrasts the expectations of generalist VC funds with the pace of defence procurement, advocating for long-term capital and investors with deep ecosystem expertise. <strong><a href="https://medium.com/@ErikKannike/beyond-the-hype-how-to-actually-invest-into-defence-startups-66ff1d420cf1">Beyond the hype &#8212; how to actually invest into defence startups</a></strong> (March 2025)</p><p>Public affairs consultant <strong>Ussal &#350;ahbaz</strong> &#127481;&#127479;argues that funding defence alone is insufficient without structural reforms to drive innovation. While Europe allocates just 4% of its defence budget to R&amp;D and new technology&#8212;far below the US&#8217;s 14%&#8212;one key reform would be easing restrictions on public venture funding. Currently, institutions like the EIB, a major private equity backer, impose strict limits on investing in defence tech. <strong><a href="https://tech.eu/2025/03/05/europes-defense-spending-should-focus-on-innovation">Europe&#8217;s defense spending should focus on innovation</a></strong> (March 2025)</p><p><strong>Torsten Reil &#127468;&#127463;</strong>, co-founder of Helsing, highlights how AI-driven military platforms are reshaping deterrence strategies. He stresses that sustained government support is crucial for strengthening Europe&#8217;s democracies, emphasizing the convergence of moral and strategic imperatives in the race to develop lethal autonomous systems. <strong><a href="https://www.ft.com/content/5b917d75-4721-4611-9b50-0892b0fcbdfb">We have to be prepared</a></strong> (March 2025&#8212;paywall)</p><p>Our own <strong>Nicolas Colin &#127467;&#127479; </strong>examines how William Perry&#8217;s Cold War-era ESL Incorporated transformed warfare by integrating commercial computing with military needs. He draws key lessons for Europe&#8217;s defence innovation, urging procurement reforms to better leverage civilian technology and venture capital. <strong><a href="https://www.driftsignal.com/p/the-esl-way-a-cold-war-playbook-for">The ESL Way: A Cold War Playbook for Modern Defence</a></strong> (February 2025)</p><ul><li><p>Nicolas also explores how Frederick Terman transformed Stanford University into a hub for defence-related entrepreneurship by blending government funding with innovation: <strong><a href="https://www.driftsignal.com/p/how-fred-terman-turned-stanford-into">How Fred Terman Turned Stanford Into an Entrepreneurial Powerhouse</a></strong> (July 2020)</p></li></ul><p><strong>Azeem Azhar &#127468;&#127463;</strong> examines Europe&#8217;s defence challenges, citing Helsing&#8217;s <strong>Kadi Silde</strong> &#127466;&#127466; on moving beyond legacy systems. He notes a fivefold increase in defence tech investments since 2019 and suggests a <em>&#8220;peace through strength&#8221;</em> strategy, calling for Europe to triple defence spending to 4% of GDP. <strong><a href="https://www.exponentialview.co/p/preparing-for-the-next-european-war">Preparing for the next European war</a></strong> (February 2025)</p><p>In a conversation with economist <strong>Tyler Cowen</strong> <strong>&#127482;&#127480;</strong>, former Pentagon official and author <strong>Christopher Kirchhoff</strong> <strong>&#127482;&#127480;</strong> explains how he helped create the Pentagon&#8217;s Silicon Valley office, revolutionising military procurement. He highlights how acquisition specialist Lauren Dailey found a legal loophole that sped up contracts from 18-24 months to 30-60 days, enabling $70 billion in tech acquisitions and bridging the gap between commercial innovation and defence needs. <strong><a href="https://conversationswithtyler.com/episodes/christopher-kirchhoff/">Christopher Kirchhoff on Military Innovation and the Future of War</a></strong> (October 2024) &#127911;</p><p><strong>Nikolai Fomm</strong> &#127467;&#127479;, co-founder of startup Corma, explores the evolution of France&#8217;s defence tech ecosystem, highlighting the country&#8217;s strategic push for innovation amid the growing entrepreneurial landscape supported by La French Tech initiatives. <strong><a href="https://resiliencetech.project-a.com/p/defense-tech-in-france-edth-in-paris-copenhagen">Defense Tech in France</a></strong> (October 2024)</p><p><strong>Amir Mizroch</strong> &#127470;&#127473; of <em>The Dejargonizer</em> explores why Israeli defence tech startups struggle to deploy innovations despite active battlefields, citing <strong>Hamutal Meridor</strong> &#127470;&#127473;, former Palantir Israel GM. Bureaucratic procurement cycles, risk aversion, and <em>&#8220;over-classification&#8221;</em> hinder startup participation, with entrepreneurs like <strong>Moshik Cohen</strong> &#127470;&#127473; bypassing official channels. The article highlights systemic funding barriers preventing promising innovations from reaching soldiers on the front lines. <strong><a href="https://thedejargonizer.substack.com/p/where-are-israels-defense-tech-startups">Where are Israel's Defense Tech Startups?</a></strong> (July 2024)</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Gs4D!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Gs4D!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Gs4D!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Gs4D!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Gs4D!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Gs4D!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Gs4D!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Gs4D!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Gs4D!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Gs4D!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F351594a8-ab3b-497e-9ddf-d43e2c73fd06_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p>Azeem Azhar &#127482;&#127480; Founder, <em>Exponential View</em>,<a href="https://www.linkedin.com/in/azhar"> LinkedIn</a></p></li><li><p>Nathan Benaich &#127467;&#127479; Founder &amp; General Partner, Air Street Capital,<a href="https://www.linkedin.com/in/nathanbenaich"> LinkedIn</a></p></li><li><p>Alex Chalmers &#127468;&#127463; Editor, <em>Works in Progress</em>,<a href="https://www.linkedin.com/in/alex-chalmers-41937912a"> LinkedIn</a></p></li><li><p>Jake Chapman &#127482;&#127480; Managing Partner, Marque VC,<a href="https://www.linkedin.com/in/jakechapman/"> LinkedIn</a></p></li><li><p>Moshik Cohen &#127470;&#127473; Founder, Nanophotonics, <a href="https://www.linkedin.com/in/moshik-cohen-phd-9ab6b622/">LinkedIn</a></p></li><li><p>Nicolas Colin &#127467;&#127479; Publisher, <em>Drift Signal</em>,<a href="https://www.linkedin.com/in/nicolas-colin-the-family/"> LinkedIn</a></p></li><li><p>David Cowan &#127482;&#127480; Partner, Bessemer Venture Partners,<a href="https://www.linkedin.com/in/davidjcowan/"> LinkedIn</a></p></li><li><p>Tyler Cowen &#127482;&#127480; Faculty Director, Mercatus Center at George Mason University,<a href="https://www.linkedin.com/in/tyler-cowen-166718"> LinkedIn</a></p></li><li><p>Nikolai Fomm &#127467;&#127479; Co-founder &amp; COO, Corma,<a href="https://www.linkedin.com/in/nikolai-fomm/"> LinkedIn</a></p></li><li><p>Tess Hatch &#127482;&#127480; Partner, Bessemer Venture Partners,<a href="https://www.linkedin.com/in/tesshatch/"> LinkedIn</a></p></li><li><p>Michael Jackson &#127482;&#127480; Venture Partner, Multiple Capital, <a href="https://www.linkedin.com/in/michaeljacksonvc/">LinkedIn</a></p></li><li><p>Erik Kannike &#127466;&#127466;Chief Strategy Officer, SensusQ, <a href="https://www.linkedin.com/in/erikmarkuskannike/">LinkedIn</a></p></li><li><p>Christopher Kirchhoff &#127482;&#127480; Author, <em>Unit X: How the Pentagon and Silicon Valley are Transforming the Future of War</em>, <a href="https://www.linkedin.com/in/christopher-kirchhoff/">LinkedIn</a></p></li><li><p>Cael McCormick &#127482;&#127480; Venture Fellow, AIN Ventures,<a href="https://www.linkedin.com/in/cael-mccormick/"> LinkedIn</a></p></li><li><p>Josh Manchester &#127482;&#127480; General Partner, Champion Hill Ventures,<a href="https://www.linkedin.com/in/josh-manchester-a717071/"> LinkedIn</a></p></li><li><p>Hamutal Meridor &#127470;&#127473; Founder, Kela, <a href="https://www.linkedin.com/in/hamutalm/">LinkedIn</a></p></li><li><p>Amir Mizroch &#127470;&#127473; Founder, <em>The Dejargonizer</em>,<a href="https://www.linkedin.com/in/amirmizroch/"> LinkedIn</a></p></li><li><p>Jackson Moses &#127482;&#127480; Founder &amp; Managing Partner, Silent Ventures,<a href="https://www.linkedin.com/in/jacksonmoses/"> LinkedIn</a></p></li><li><p>James Palmer &#127482;&#127480; Venture Fellow, AIN Ventures,<a href="https://www.linkedin.com/in/james-palmer-iii/"> LinkedIn</a></p></li><li><p>Sille Pettai &#127466;&#127466; CEO, SmartCap, <a href="https://www.linkedin.com/in/sille-pettai/">LinkedIn</a></p></li><li><p>Chris Porter &#127482;&#127480; Venture Fellow, AIN Ventures,<a href="https://www.linkedin.com/in/christopher-porter91/"> LinkedIn</a></p></li><li><p>Torsten Reil &#127468;&#127463; Co-founder, Helsing,<a href="https://www.linkedin.com/in/torstenreil/"> LinkedIn</a></p></li><li><p>Derek Reim &#127482;&#127480; Skillbridge Fellow, AIN Ventures,<a href="https://www.linkedin.com/in/derek-reim"> LinkedIn</a></p></li><li><p>Ussal &#350;ahbaz &#127481;&#127479; Managing Partner, Ussal Consultancy,<a href="https://www.linkedin.com/in/ussal/"> LinkedIn</a></p></li><li><p>Jason Scheller &#127482;&#127480; Investor, Bessemer Venture Partners,<a href="https://www.linkedin.com/in/jason-scheller/"> LinkedIn</a></p></li><li><p>Kadi Silde &#127466;&#127466;Director of European Engagement, Helsing, <a href="https://www.linkedin.com/in/kadi-silde-080a111a3/?originalSubdomain=ee">LinkedIn</a></p></li><li><p>Eric Tegler &#127482;&#127480; Journalist,<a href="https://www.linkedin.com/in/eric-tegler-62712630/"> LinkedIn</a></p></li><li><p>Janelle Teng &#127482;&#127480; Partner, Bessemer Venture Partners,<a href="https://www.linkedin.com/in/janelleteng1/"> LinkedIn</a></p></li><li><p>John Thornhill &#127468;&#127463; Co-Founder, <em>Sifted</em>,<a href="https://www.linkedin.com/in/john-thornhill-5266528/"> LinkedIn</a></p></li><li><p>David Ulevitch &#127482;&#127480; General Partner, Andreessen Horowitz,<a href="https://www.linkedin.com/in/davidu/"> LinkedIn</a></p></li><li><p>Forrest Underwood &#127482;&#127480; Venture Partner, AIN Ventures,<a href="https://www.linkedin.com/in/forrestunderwood/"> LinkedIn</a></p></li><li><p>Christopher Wan &#127482;&#127480; Vice President, Bessemer Venture Partners,<a href="https://www.linkedin.com/in/chrisxwan/"> LinkedIn</a></p></li><li><p>Sherman Williams &#127482;&#127480; Managing Partner, AIN Ventures,<a href="https://www.linkedin.com/in/sherman-williams/">LinkedIn</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Coatue. Alpha & Beta. Building Your Cap Table. Revenue-Based Financing. The State of AI.]]></title><description><![CDATA[Capital Call #55]]></description><link>https://www.capitalcall.co/p/european-vc-digest-coatue-alpha-and</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-coatue-alpha-and</guid><pubDate>Thu, 21 Oct 2021 04:00:58 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>.&nbsp;</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!jWuq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!jWuq!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!jWuq!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!jWuq!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!jWuq!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!jWuq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/f4f80dcb-9f00-460a-9113-638a546da839_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!jWuq!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!jWuq!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!jWuq!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!jWuq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4f80dcb-9f00-460a-9113-638a546da839_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>We&#8217;re featuring every week what European VCs write &#8211;&nbsp;in their own words &#8211; hoping to highlight the differences between partners, firms, and European DNAs, and to allow VCs, entrepreneurs and policymakers to feel the pulse of what&#8217;s happening in European tech.</p><p>If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!YJID!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!YJID!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!YJID!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!YJID!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!YJID!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!YJID!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!YJID!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!YJID!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!YJID!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!YJID!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a3cdcd0-a08c-4217-9af9-037c494ea046_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Akash Bajwa</strong> &#127465;&#127466;&#127468;&#127463; of&nbsp; Shaper Impact Capital monitors the expansion of famed US-based hedge fund Coatue into the European venture landscape: <a href="https://akashbajwa.substack.com/p/coatue-the-cub-on-the-prowl?utm_source=pocket_mylist">Coatue: The cub on the prowl</a>.</p><p><strong>Stefano Bernardi</strong> &#127470;&#127481;&#127467;&#127479; &amp; <strong>Yannick Roux</strong> &#127467;&#127479; sent their quarterly update about European VC firms raising money from LPs <a href="https://tinyletter.com/euroVCs/letters/q3-21-european-vc-fundraising-note">Q3 '21 European VC fundraising note</a>.</p><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family (and co-host of<em> Capital Cal</em>l) shares a collection of thoughts and sources about revenue-based financing in Europe: <a href="https://europeanstraits.substack.com/why-debt-capital-is-a-good-fit-for">Why Debt Capital Is a Good Fit for Europe (and Why Europe Is Lagging Behind Anyway)</a>.</p><p><strong>Alexandre Dewez &#127467;&#127479; </strong>of Eurazeo writes about the future of buying groceries and cooking at home while announcing their Series A investment in Jow: <a href="https://alexandre.substack.com/p/-backing-jow">&#127858; Backing Jow</a>.</p><p><strong>Gil Dibner</strong> &#127482;&#127480;&#127470;&#127473; of Angular Ventures has some news for us&#8212;a new partner joining his firm, and a new fund raised: <a href="https://medium.com/angularventures/building-angular-ventures-bc7c90ffa952">Building Angular Ventures</a>!</p><ul><li><p><em>Also by Gil</em>, check out this in-depth analysis of what it means to be a first-check VC in the current bubbly context: <a href="https://medium.com/angularventures/alpha-beta-and-an-inverted-venture-risk-curve-fd0ed5a6a81a">Alpha, beta, and an inverted venture risk curve</a>.&nbsp;</p></li></ul><p><strong>Carlos Espinal &#127482;&#127480; </strong>of Seedcamp shares a complete playbook for building a cap table and designing structures that will last long-term: <a href="https://cee.medium.com/your-cap-table-is-your-life-9c35c93cd5c8">Your Cap Table is your life!</a></p><p><strong>Michiel Kotting</strong> &#127475;&#127473;<strong> </strong>of Northzone shares thoughts about working closely with Munich-based Personio, reaching a $6.3bn valuation last week: <a href="https://northzone.com/2021/10/12/personio-reaches-a-6-3-billion-valuation-in-six-years-how-an-hr-operating-system-demonstrates-a-changing-tech-landscape-primed-for-record-breaking-growth/">How an HR operating system demonstrates a changing tech landscape primed for record-breaking growth</a>.</p><p><strong>Antoine Papiernik </strong>&#127467;&#127479;<strong> </strong>of Sofinnova Partners comments on the firm&#8217;s latest raise, arguing that the healthcare market is stronger than ever: <a href="https://sifted.eu/articles/sofinnova-tenth-fund/">Sofinnova raises Europe&#8217;s largest early-stage healthcare fund with &#8364;472m</a>.</p><p><strong>Marcin Szelag</strong> &#127477;&#127473; of Innovation Nest writes about mining for hidden gems in Central and Eastern Europe&#8212;with a special focus on Bulgaria: <a href="https://roundsreview.substack.com/p/rr15-vcleaders-slowdown-bulgaria">&#128293;RR#15 VCLeaders, slowdown, Bulgaria</a>.</p><p><strong>Eze Vidra</strong> &#127462;&#127479;&#127470;&#127473;&#127468;&#127463; shares key insights about <a href="https://www.vccafe.com/2021/09/17/opportunities-for-startups-in-the-creator-economy/">Opportunities for startups in the creator economy</a>.&nbsp;</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!rVVP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!rVVP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!rVVP!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!rVVP!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!rVVP!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!rVVP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/a06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!rVVP!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!rVVP!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!rVVP!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!rVVP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa06b5f26-5951-420d-8783-652afd9f15ca_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Nathan Benaich </strong>&#127468;&#127463; of Air Street Capital and Ian Hogarth recently published their yearly <em>State of AI </em>report. Here&#8217;s John Thornhill of <em>Sifted</em> on the key insights: <a href="https://sifted.eu/articles/artificial-intelligence-startups-safety/">Artificial intelligence is becoming a 'force multiplier' &#8212; for good and bad</a>.</p><p><strong>Elina Berrebi </strong>&#127467;&#127479; of Revaia tells <em>Sifted</em> what it&#8217;s like to be a partner in <a href="https://sifted.eu/articles/revaia-berrebi-vc/?utm_source=pocket_mylist">Europe&#8217;s largest female led VC firm</a>.</p><p><strong>Eileen Burbidge </strong>&#127468;&#127463;<strong> </strong>of Passion Capital shares her version of a fascinating story:<strong> </strong><a href="https://time.com/6102902/london-fintech/">How London Became a Global Hub for Fintech</a><strong>.</strong></p><p><strong>Christian J&#248;lck &#127465;&#127472;</strong> of 2150 talks to TechCrunch about the fund&#8217;s first closing: <a href="https://techcrunch.com/2021/10/12/2150-vc-hits-312m-for-fund-to-build-and-run-cities-greener-and-emit-vastly-less-co2/">2150 VC hits $312M for fund to build and run cities greener, and emit vastly less CO2</a>.</p><p><strong>Stephan Rauscher</strong> &#127465;&#127466; of Earlybird explains why his firm is betting on university spinouts in <em>Sifted</em>: &#8203;&#8203;<a href="https://sifted.eu/articles/earlybird-fund-for-universities/">Earlybird launches &#8364;75m fund for university spinouts</a><strong>.</strong></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!qG6-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!qG6-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!qG6-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!qG6-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!qG6-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!qG6-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!qG6-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!qG6-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!qG6-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!qG6-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3764e0c8-d1fe-4e8d-8542-7bc29ed85ced_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Patrick_Newton1/status/1448235806804652033?s=20&quot;,&quot;full_text&quot;:&quot;We're hiring our first investor outside the founding team.\n\nWe're massive believers that top VCs can come from a vast range of backgrounds - so put your doubts to one side, and apply.\n\nCome help us build *the* regulated market seed VC in Europe!\n\n&quot;,&quot;username&quot;:&quot;Patrick_Newton1&quot;,&quot;name&quot;:&quot;patrick@formventures.vc&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Wed Oct 13 10:34:57 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:4,&quot;like_count&quot;:5,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{&quot;url&quot;:&quot;https://www.formventures.vc/investor-role&quot;,&quot;image&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/6ae47e91-93ad-4ca4-b693-2d61758f90c6_2343x628.png&quot;,&quot;title&quot;:&quot;Investor role &#8212; Form Ventures&quot;,&quot;description&quot;:null,&quot;domain&quot;:&quot;formventures.vc&quot;},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/leoringer/status/1448779394730897408?s=20&quot;,&quot;full_text&quot;:&quot;Interesting to see <span class=\&quot;tweet-fake-link\&quot;>@coinbase</span> doubling down on its regulatory offensive by proposing a new reg regime for crypto, with clear appeal to US national economic interest. A huge prize here if they can define the future reg of crypto around their incumbency. \n\n<a class=\&quot;tweet-url\&quot; href=\&quot;https://blog.coinbase.com/digital-asset-policy-proposal-safeguarding-americas-financial-leadership-ce569c27d86c?source=social.tw\&quot;>blog.coinbase.com/digital-asset-&#8230;</a>&quot;,&quot;username&quot;:&quot;leoringer&quot;,&quot;name&quot;:&quot;Leo Ringer&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Thu Oct 14 22:34:59 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:0,&quot;like_count&quot;:4,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_kNH!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_kNH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!_kNH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!_kNH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!_kNH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_kNH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_kNH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!_kNH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!_kNH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!_kNH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f508449-c113-4768-8c3b-80637d97eabb_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Akash Bajwa </strong>&#127465;&#127466;&#127468;&#127463; Analyst and Head of Europe, Shaper Impact Capital and Cass Entrepreneurship Fund London &#127468;&#127463; <a href="https://uk.linkedin.com/in/akash-bajwa-947862106">LinkedIn</a> | <a href="https://twitter.com/akashbajwa96?lang=en">Twitter</a> |&nbsp;<a href="https://www.akash-bajwa.com/">Blog</a></p></li><li><p><strong>Nathan Benaich</strong> &#127468;&#127463; General Partner, Air Street Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nathanbenaich/">LinkedIn</a> | <a href="https://twitter.com/NathanBenaich">Twitter</a> | <a href="http://newsletter.airstreet.com/">Blog</a></p></li><li><p><strong>Elina Berrebi </strong>&#127467;&#127479; Founding Partner, Gaia Capital Partners, Paris &#127467;&#127479; <a href="https://fr.linkedin.com/in/elina-berrebi-35493a22">LinkedIn</a> | <a href="https://twitter.com/elinaberrebi?lang=en">Twitter</a> | <a href="https://medium.com/@willybraun">Blog</a></p></li><li><p><strong>Stefano Bernardi </strong>&#127470;&#127481;&#127467;&#127479; Angel Investor &amp; Scout, Atomico, Italy &#127470;&#127481; <a href="https://www.linkedin.com/in/stefanobernardi/">LinkedIn</a> | <a href="https://twitter.com/stefanobernardi">Twitter</a> | <a href="https://stefanobernardi.com/">Blog</a></p></li><li><p><strong>Nicolas Colin </strong>&#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a>&nbsp;</p></li><li><p><strong>Alexandre Dewez </strong>&#127467;&#127479; Principal, Eurazeo, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/alexandre-dewez/">LinkedIn</a> | <a href="https://twitter.com/alexandre_dewez">Twitter</a> | <a href="https://alexandre.substack.com/">Blog</a></p></li><li><p><strong>Gil Dibner </strong>&#127482;&#127480;&#127470;&#127473; Founder &amp; General Partner, Angular Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/gildibner/">LinkedIn</a> | <a href="https://twitter.com/gdibner">Twitter</a> | <a href="https://medium.com/@gdibner">Blog</a></p></li><li><p><strong>Michiel Kotting </strong>&#127475;&#127473; Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/kotting/?originalSubdomain=nl">LinkedIn</a> | <a href="https://twitter.com/mkotting">Twitter</a></p></li><li><p><strong>Patrick Newton</strong> &#127468;&#127463; Founding Partner, Form Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/patrick-newton-43b9682b/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/patrick_newton1?lang=en">Twitter</a> | <a href="https://patrick-newton1.medium.com/">Blog</a></p></li><li><p><strong>Antoine Papiernik &#127467;&#127479;</strong>Chairman &amp; Managing Partner, Sofinnova Partners, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/antoine-papiernik-06075610/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/antoinepapiern1">Twitter</a></p></li><li><p><strong>Christian J&#248;lck &#127465;&#127472; </strong>Founding Partner, 2150, London &#127468;&#127463; <a href="https://www.linkedin.com/in/christianjolck/">LinkedIn</a> | <a href="https://twitter.com/cjolck?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Twitter</a></p></li><li><p><strong>Yannick Roux </strong>&#127467;&#127479; Investor, Semantic Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/yannickroux/">LinkedIn</a> | <a href="https://twitter.com/yanroux?lang=en">Twitter</a></p></li><li><p><strong>Leo Ringe</strong>r &#127468;&#127463; Founding Partner, Form Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/leoringer/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/leoringer">Twitter</a> | <a href="https://medium.com/@leoringer">Blog</a></p></li><li><p><strong>Eze Vidra</strong> &#127462;&#127479;&#127470;&#127473;&#127468;&#127463; Managing Partner, Remagine Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ezevidra/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/ediggs">Twitter</a> | <a href="https://www.vccafe.com/">Blog</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: “Capital Call” Is Back! Catching Up, And More to Come.]]></title><description><![CDATA[Capital Call #54]]></description><link>https://www.capitalcall.co/p/european-vc-digest-capital-call-is</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-capital-call-is</guid><pubDate>Fri, 08 Oct 2021 04:00:38 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>.&nbsp;</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!JkOl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!JkOl!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!JkOl!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!JkOl!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!JkOl!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!JkOl!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/cacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!JkOl!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!JkOl!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!JkOl!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!JkOl!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcacf74c4-b5d5-4457-a6eb-bcb787ab60e3_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>We&#8217;re back from our long Summer break, picking back up after 53 editions already brought to you, and with a mailing list that is growing by the day as we add many more investors to our Rolodex. It&#8217;s been a manic moment in our market, with quite a few VC funds raising fresh capital and pouring money into $1B+ companies.&nbsp;</p><p>If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!oQ4S!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!oQ4S!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!oQ4S!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!oQ4S!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!oQ4S!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!oQ4S!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!oQ4S!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!oQ4S!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!oQ4S!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!oQ4S!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F26935dcc-584f-4ab7-b38b-3c0db1a37658_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Jacob Bro &#127465;&#127472; </strong>and<strong> Rahul Parekh </strong>&#127468;&#127463; of 2150 dissect their latest impact investment: <a href="https://2150-vc.medium.com/why-we-had-to-invest-in-normative-the-worlds-first-carbon-accounting-engine-24dd16e9efc9">Why we had to back Normative &#8212; the world&#8217;s first carbon accounting engine</a>.&nbsp;</p><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family (and co-host of<em> Capital Cal</em>l) wrote about digital sovereignty, highlighting the underlying forces at play and the numerous economic opportunities generated: <a href="https://europeanstraits.substack.com/p/digital-sovereignty-thumbs-updown">Digital Sovereignty. Thumbs Up/Down. Unlocked Essays.</a></p><p><strong>Jean-David Herld</strong> &#127468;&#127463; of Revaia explains the reasons behind their latest investment in <a href="https://medium.com/gaia-voice/investing-in-frontify-the-enterprise-saas-brand-management-platform-2d1b1c3388aa">Investing in Frontify, the Enterprise SaaS brand management platform</a></p><p><strong>Karolina Kukielka</strong> &#127468;&#127463; of Inreach Ventures shares the firm&#8217;s blueprint for going to market: <a href="https://medium.com/entrepreneurship-at-work/how-to-create-a-go-to-market-strategy-step-by-step-b7fa4b083c16">How to create a go-to-market strategy - step by step</a>.&nbsp;</p><p><strong>Xavier Lazarus</strong> &#127467;&#127479; of Elaia shares the rationale behind keeping shares of a $3.5B-priced company as a (very) early investor in <a href="https://medium.com/elaia/why-are-we-still-backing-mirakl-at-a-3-5b-77ba9106c423">Why are we still backing Mirakl at a $3.5B+ valuation?</a></p><p><strong>Nicole Quinn </strong>&#127468;&#127463; of Lightspeed is bullish on European founders as the American firm doubles down on the continent: <a href="https://medium.com/lightspeed-venture-partners/europe-has-become-one-of-the-most-exciting-startup-markets-in-the-world-ce312151ef89">Europe has become one of the most exciting startup markets in the world</a>.</p><p><strong>Kjartan Rist</strong> &#127475;&#127476; of Concentric says that the boundaries between positive impact and venture capital returns are gradually merging: <a href="https://concentricteam.com/why-vc-should-be-part-of-any-family-office-impact-portfolio">Why VC should be part of any family office impact portfolio</a>.&nbsp;</p><p><strong>Simon Schmincke</strong> &#127465;&#127466; of Creandum looks back at the firm&#8217;s 15 years of experience investing in Fintech: <a href="https://blog.creandum.com/15-years-of-fintech-at-creandum-whats-next-4474573e76fd">15 Years of Fintech at Creandum &#8212; what&#8217;s next?</a>.</p><p><strong>Stuart Chapman</strong> &#127468;&#127463;, the co-founder and director of Draper Esprit, shares the ideas and advice he has developed along the journey: <a href="https://draperesprit.com/news/life-lessons-from-an-entrepreneur">Life lessons from an entrepreneur</a>.</p><p><strong>Lily Shaw </strong>&#127468;&#127463; and <strong>Charlie Renzoni &#127464;&#127462; </strong>of Omers Ventures explain why Europe is at the forefront of open banking: <a href="https://medium.com/omers-ventures/open-sesame-with-open-banking-34c1eb0c8f2e">Open sesame with open banking.</a></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!m0Vv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!m0Vv!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 424w, https://substackcdn.com/image/fetch/$s_!m0Vv!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 848w, https://substackcdn.com/image/fetch/$s_!m0Vv!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 1272w, https://substackcdn.com/image/fetch/$s_!m0Vv!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!m0Vv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/a182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!m0Vv!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 424w, https://substackcdn.com/image/fetch/$s_!m0Vv!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 848w, https://substackcdn.com/image/fetch/$s_!m0Vv!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 1272w, https://substackcdn.com/image/fetch/$s_!m0Vv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa182d11b-97be-4140-8f22-582f5718e6cd_3200x214.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Alice Albizzati </strong>&#127467;&#127479; of Revaia looks back at the firm portfolio and being a VC-entrepreneur after raising some fresh money: <a href="https://www.bloomberg.com/news/articles/2021-09-07/revaia-closes-europe-s-biggest-female-founded-venture-fund">Revaia Closes Europe&#8217;s Biggest Female-Founded Venture Fund</a>.</p><p><strong>Daisy Onubogu</strong> &#127468;&#127463; of Backed VC talks about the importance of building communities in tech and beyond: <a href="https://jbmc.co.uk/insights/40-minute-mentor/cultivating-a-community-of-purpose-with-daisy-onubogu">Cultivating A Community Of Purpose</a>&nbsp;</p><p><strong>Elena Pantazi</strong> &#127464;&#127486;&#127468;&#127463; of Northzone explains why value add matters for founders as VC competition get fierce in Europe: <a href="https://realdeals.eu.com/article/venture-views-beyond-the-cash">Venture Views: Beyond the cash</a></p><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; of Northzone makes a case for more European listings on CNBC: <a href="https://www.cnbc.com/video/2021/09/15/europe-has-started-to-be-really-competitive-for-start-up-listings-over-us-northzone.html">Europe has 'started to be really competitive' for start-up listings over US</a>.</p><p><strong>Evgenia Plotnikova</strong> &#127479;&#127482;&#127467;&#127479; of Dawn Capital was promoted to General Partner and shares some thoughts about the European market, <a href="https://medium.com/dawn-capital/meet-evgenia-plotnikova-general-partner-at-dawn-fb1e15249cf1">as well as turning points in her career as an investor</a>.&nbsp;</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!zB0o!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!zB0o!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!zB0o!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!zB0o!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!zB0o!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!zB0o!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/e5b8dff7-390c-4568-b705-de992927db4a_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!zB0o!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!zB0o!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!zB0o!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!zB0o!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe5b8dff7-390c-4568-b705-de992927db4a_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Alice Albizzati</strong> &#127467;&#127479; Co-Founder, Revaia (formerly Gaia Capital Partners), Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/alice-albizzati-85a10440/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/AlbizzatiAlice">Twitter</a></p></li><li><p><strong>Jacob Bro</strong> &#127465;&#127472; Founding Partner, 2150, Berlin <a href="https://www.linkedin.com/in/jacobbro/">LinkedIn</a> | <a href="https://twitter.com/jacob_bro">Twitter</a>&nbsp;</p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Jean-David Herld</strong> &#127468;&#127463; Senior Associate, Revaia,&nbsp; Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/jeandavidherld/?originalSubdomain=uk">LinkedIn</a> |<a href="https://twitter.com/jdherld">&nbsp;Twitter</a></p></li><li><p><strong>Karolina Kukielka</strong> &#127468;&#127463; Investor, InReach Ventures, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/kkukielka">LinkedIn</a> | <a href="https://twitter.com/karolina_k">Twitter</a> |&nbsp; <a href="https://medium.com/entrepreneurship-at-work/how-to-be-an-exceptional-ceo-268d284fdec0">Blog</a></p></li><li><p><strong>Xavier Lazarus</strong> &#127467;&#127479;, Partner, Elaia, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/xavier-lazarus-63747/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/xavlaz?lang=fr">Twitter</a></p></li><li><p><strong>Daisy Onubogu</strong> &#127468;&#127463; Head of Network &amp; Communities, Backed VC,&nbsp; London &#127468;&#127463; <a href="https://www.linkedin.com/in/daisyonubogu/detail/contact-info/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/Madame_Daisy">Twitter</a></p></li><li><p><strong>Elena Pantazi </strong>&#127464;&#127486;&#127468;&#127463; Partner, Northzone, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/elenapantazi">LinkedIn</a> | <a href="https://twitter.com/ecpantazi?lang=en">Twitter</a> | <a href="https://medium.com/@elenapantazi">Blog</a></p></li><li><p><strong>Rahul Parekh</strong> &#127468;&#127463;Principal, 2150, London <a href="https://www.linkedin.com/in/rahul-parekh-85874a46/">LinkedIn</a> | <a href="https://twitter.com/RahulP86">Twitter</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li><li><p><strong>Evgenia Plotnikova</strong> &#127479;&#127482;&#127467;&#127479; Partner, Dawn Capital, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/evgeniaplotnikova">LinkedIn</a> | <a href="https://twitter.com/evplot">Twitter</a> | <a href="https://medium.com/@evplot">Blog</a></p></li><li><p><strong>Nicole Quinn</strong> &#127468;&#127463;General Partner, Lightspeed Ventures, London &#127468;&#127463; <a href="http://twitter.com/#!/Nik_Quinn">LinkedIn</a> | <a href="https://www.linkedin.com/in/nicole-quinn-a5435114">Twitter</a> | <a href="https://www.medium.com/@Nicquinn">Blog</a></p></li><li><p><strong>Simon Schmincke</strong> &#127465;&#127466; General Partner,&nbsp; Creandum, Berlin &#127465;&#127466;&nbsp; <a href="https://de.linkedin.com/in/simonschmincke">LinkedIn</a> | <a href="https://twitter.com/simonschmincke">Twitter</a> | <a href="https://medium.com/@simonschmincke">Blog</a></p></li><li><p><strong>Stuart Chapman &#127468;&#127463; </strong>Co-Founder &amp; Director, Draper Esprit, London &#127468;&#127463; <a href="https://www.linkedin.com/in/stuart-chapman-22a10a/?originalSubdomain=uk">LinkedIn</a></p></li><li><p><strong>Lily Shaw</strong> &#127468;&#127463; Associate, OMERS Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/lily-shaw-59096975/">LinkedIn </a>| <a href="https://nitter.himiko.cloud/lilymshaw">Twitter</a></p></li><li><p><strong>Charlie Renzoni</strong> &#127464;&#127462; Associate, OMERS Ventures, Toronto <a href="https://www.linkedin.com/in/charlierenzoni/">LinkedIn </a>| <a href="https://twitter.com/CharlieRenzoni">Twitter</a></p></li><li><p><strong>Kjartan Rist </strong>&#127475;&#127476; Founding Partner, Concentric, London &#127468;&#127463; <a href="https://www.linkedin.com/in/kjartan-rist-7503b/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/lordfjord?lang=en">Twitter</a> | <a href="https://www.forbes.com/sites/kjartanrist/">Blog</a>&nbsp;</p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: SaaS Metrics. European SPACs. Investment Notes. Unplugged Summer.]]></title><description><![CDATA[Capital Call #53]]></description><link>https://www.capitalcall.co/p/european-vc-digest-saas-metrics-european</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-saas-metrics-european</guid><pubDate>Thu, 15 Jul 2021 04:00:14 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what European VCs are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>.&nbsp;</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!DPiC!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f09724f-278d-4fb7-b1c4-60b76ea1f72e_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!DPiC!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f09724f-278d-4fb7-b1c4-60b76ea1f72e_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!DPiC!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f09724f-278d-4fb7-b1c4-60b76ea1f72e_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!DPiC!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f09724f-278d-4fb7-b1c4-60b76ea1f72e_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!DPiC!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f09724f-278d-4fb7-b1c4-60b76ea1f72e_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!DPiC!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3f09724f-278d-4fb7-b1c4-60b76ea1f72e_1456x485.png" width="1456" height="485" 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restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><blockquote><p><em>We are pulling the plug for the summer beginning next week, and will spend some quality time to come back in September with fresh ideas for the European ecosystem&#8212;hopefully a lot of articles, interviews and twitter threads to catch up on!</em></p></blockquote><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!tdlM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!tdlM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!tdlM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!tdlM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!tdlM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!tdlM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!tdlM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!tdlM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!tdlM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!tdlM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F465a3ff7-3801-487d-88f3-a1f17dd4bc7b_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Nathan Benaich </strong>&#127468;&#127463;of Air Street Capital and <strong>Christoph Janz</strong> &#127465;&#127466; of Point Nine Capital use Bastille Day as an opportunity to celebrate their investment in Gourmey, a French startup tackling the challenge of cell-based meat: <a href="https://medium.com/point-nine-news/vive-la-france-vive-gourmeys-cell-based-foie-gras-c6959ab0dff1">Vive Gourmey's cell-based foie gras!</a></p><p><strong>Merlin Carter &#127475;&#127487; </strong>of Project A shares some marketing tactics that apply to developer-facing products and community building: <a href="https://insights.project-a.com/how-to-market-to-developers-according-to-a-cto-cf204b6dedcb">How to market to developers &#8212; according to a CTO</a>.</p><p><strong>Fredrik Cassel</strong> &#127480;&#127466; of Creandum dives deep into their latest investment in the untapped market of&nbsp; digital services targeted to seniors: <a href="https://blog.creandum.com/leap-the-social-learning-platform-for-the-over-55s-13ee873b1d76?source=collection_home---4------0-----------------------">Leap &#8211; the social learning platform for the over 55s</a>.</p><p><strong>Camilla Dolan</strong> &#127468;&#127463; from Eka Ventures shares insights on their investment in Paired, tackling the yet-to-be-defined market of relationship health: <a href="https://medium.com/eka-ventures-writes/why-eka-invested-in-paired-f5884ca0e1b2">Why Eka invested in Paired</a>.</p><p><strong>Christoph Janz</strong> &#127465;&#127466; of Point Nine Capital shares his views about the best SaaS metrics for entrepreneurs, with some industry specifics:&nbsp; <a href="https://medium.com/point-nine-news/the-goldilocks-zone-of-saas-metrics-4e5c460496e2">The Goldilocks Zone of SaaS Metrics</a>.</p><p><strong>Maxime Mandin</strong> &#127467;&#127479; of Blackfin does a full logo and research mapping of the B2B payment market:&nbsp; <a href="https://medium.com/blackfintech/what-are-the-most-promising-trends-in-btob-payment-4605bdd146">What are the most promising trends in BtoB Payment?</a></p><p><strong>Yannick Oswald &#127473;&#127482;</strong>of Mangrove Capital Partners shares some thoughts about startups ideas and why building startups matters: <a href="https://www.yannickoswald.com/post/the-3-questions-you-must-answer">The 3 questions you must answer</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!x5sJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!x5sJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!x5sJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!x5sJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!x5sJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!x5sJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!x5sJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!x5sJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!x5sJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!x5sJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F82b1a5b8-6cf6-4939-ad7a-3c2fc6b1b41f_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Sophia Bendz</strong> &#127480;&#127466; of Cherry Ventures shares tips on effective communication, different business angel styles, and using personal brands as assets: <a href="https://medium.com/included-vc/the-art-of-being-a-wholesome-and-authentic-vc-with-sophia-bendz-3ba9e843fceb">The Art of Being a Wholesome and Authentic VC with Sophia Bendz</a>.</p><p><strong>Hussein Kanji &#127482;&#127480; </strong>of Hoxton Ventures answers questions about how he got into the industry and what makes a good VC: <a href="https://outwardvc.com/in-conversation-with-hussein-kanji-the-founding-partner-at-hoxton-ventures/">In conversation with Hussein Kanji, the founding partner at Hoxton Ventures</a>.</p><p><strong>Pierre-Yves Meerschman &#127467;&#127479;</strong> of Daphni opens up about the fundraising process with venture capital firms: <a href="https://medium.com/included-vc/the-reality-of-the-fundraising-process-for-a-vc-fund-with-pierre-yves-meerschman-daphni-f7e80b51b5eb">The Reality of the Fundraising Process for a VC Fund with Pierre-Yves Meerschman</a>.</p><p><strong>Antoine Papiernik &#127467;&#127479; </strong>of Sofinnova Partners comments on the firm&#8217;s freshly raised $75M medtech accelerator fund: <a href="https://www.fiercebiotech.com/medtech/sofinnova-partners-nets-75m-for-third-medtech-accelerator-fund?utm_content=172966217">Sofinnova Partners Closes &#8364;63M ($75M) Oversubscribed Medtech Acceleration Fund</a>.</p><p><strong>P&#228;r-J&#246;rgen P&#228;rson </strong>&#127480;&#127466; of Northzone talks with TechCrunch about the SPAC bonanza in Europe and what could happen next: <a href="https://techcrunch.com/2021/07/07/investors-find-european-unicorns-reluctant-to-join-spac-boom/">Investors find European unicorns reluctant to join SPAC boom</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!t-kj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!t-kj!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!t-kj!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!t-kj!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!t-kj!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!t-kj!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!t-kj!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!t-kj!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!t-kj!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!t-kj!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F903fcb52-b22c-4484-9332-3e73f8cffd85_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Nathan Benaich</strong> &#127468;&#127463; General Partner, Air Street Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nathanbenaich/">LinkedIn</a> | <a href="https://twitter.com/NathanBenaich">Twitter</a> | <a href="http://newsletter.airstreet.com/">Blog</a></p></li><li><p><strong>Sophia Bendz</strong> &#127480;&#127466; Partner, Cherry Ventures, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/sophiabendz/">LinkedIn</a> | <a href="https://twitter.com/sophiabendz">Twitter</a> | <a href="https://medium.com/@sophiabendz">Blog</a></p></li><li><p><strong>Merlin Carter &#127475;&#127487; </strong>Senior Content Writer, Project A Ventures, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/merlin-carter-bb303ab2/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/MerlinPav">Twitter</a> |&nbsp;<a href="https://medium.com/@merlin.pav">Blog</a></p></li><li><p><strong>Fredrik Cassel</strong> &#127480;&#127466; General Partner, Creandum, Stockholm &#127480;&#127466; <a href="https://www.linkedin.com/in/pspecht/">LinkedIn</a> | <a href="https://twitter.com/specht_p">Twitter</a></p></li><li><p><strong>Camilla Dolan</strong> &#127468;&#127463; Partner, Eka Ventures, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/camilla-dolan">LinkedIn</a> | <a href="https://twitter.com/camilladolan?lang=fr">Twitter</a></p></li><li><p><strong>Christoph Janz</strong> &#127465;&#127466; Partner, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/christophjanz/">LinkedIn</a> | <a href="https://twitter.com/chrija">Twitter</a> | <a href="http://christophjanz.blogspot.com/">Blog</a></p></li><li><p><strong>Hussein Kanji </strong>&#127482;&#127480; Founder, Hoxton Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/hkanji/">LinkedIn</a> | <a href="https://twitter.com/hkanji">Twitter</a> | <a href="http://hkanji.com/">Blog</a></p></li><li><p><strong>Maxime Mandin</strong> &#127467;&#127479; VC Investment Director, Blackfin, Paris &#127467;&#127479;, <a href="https://www.linkedin.com/in/maxime-mandin-836583b/">LinkedIn</a>&nbsp; | <a href="https://twitter.com/maximemandin?lang=fr">Twitter</a></p></li><li><p><strong>Pierre-Yves Meerschman&nbsp; &#127467;&#127479; </strong>Partner, Daphni, Paris &#127467;&#127479;&nbsp; LinkedIn | Twitter</p></li><li><p><strong>Yannick Oswald &#127473;&#127482;</strong> Principal, Mangrove Capital Partners, Luxembourg &#127473;&#127482; <a href="https://www.linkedin.com/in/yannick-oswald-55706650/">LinkedIn</a> | <a href="https://twitter.com/yannickoswald">Twitter</a> | <a href="https://www.yannickoswald.com/">Blog</a></p></li><li><p><strong>Antoine Papiernik &#127467;&#127479;</strong>Chairman &amp; Managing Partner, Sofinnova Partners, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/antoine-papiernik-06075610/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/antoinepapiern1">Twitter</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson </strong>&#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Listed VC Firms. FEAs. Remote Work. Wise. CEE. 3 Truths on a Weird Market.]]></title><description><![CDATA[Capital Call #52]]></description><link>https://www.capitalcall.co/p/european-vc-digest-listed-vc-firms</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-listed-vc-firms</guid><pubDate>Thu, 08 Jul 2021 04:00:03 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!eXZS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!eXZS!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!eXZS!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!eXZS!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!eXZS!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!eXZS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/27810647-48c8-429b-b88b-24b156243c90_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!eXZS!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!eXZS!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!eXZS!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!eXZS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F27810647-48c8-429b-b88b-24b156243c90_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!m45S!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!m45S!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!m45S!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!m45S!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!m45S!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!m45S!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/c6c85404-6744-4014-a682-f6a823ae4310_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!m45S!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!m45S!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!m45S!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!m45S!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6c85404-6744-4014-a682-f6a823ae4310_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Josh Bell</strong> &#127468;&#127463; of Dawn Capital introduces their newly promoted partner, <strong>Mina Mutafchieva</strong> &#127477;&#127473;: <a href="https://medium.com/dawn-capital/meet-mina-mutafchieva-partner-at-dawn-b68925813467">Meet Mina Mutafchieva, Partner at Dawn</a>.</p><p><strong>Stefano Bernardi</strong> &#127470;&#127481;&#127467;&#127479; &amp;<strong> Yannick Roux</strong> &#127467;&#127479; just sent their quarterly update about European VC firms raising money&#8212;a <em>&#8220;bumper quarter&#8221;</em>: <a href="https://tinyletter.com/euroVCs/letters/q2-21-european-vc-fundraising-note">Q2 '21 European VC fundraising note</a>.</p><p><strong>Pauline Brunel</strong> &#127467;&#127479; of Blackfin ranks the most vibrant European fintech scenes of the year: <a href="https://medium.com/blackfintech/who-won-the-2021-euro-%CC%B6f%CC%B6o%CC%B6o%CC%B6t%CC%B6b%CC%B6a%CC%B6l%CC%B6l%CC%B6-fintech-league-78a1fe14c514">Who won the 2021 Euro &#822;F&#822;o&#822;o&#822;t&#822;b&#822;a&#822;l&#822;l&#822; Fintech league?</a></p><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family (and co-host of <em>Capital Call</em>) got interested by more and more VC firms being listed in Europe&#8212;and the trend it potentially reveals: <a href="https://sifted.eu/articles/vc-listing/">Startups IPO. Why shouldn't VCs list publicly?</a></p><p><strong>Alexandre Dewez</strong> &#127467;&#127479; of Eurazeo is always on the lookout for new deals on the French market: <a href="https://alexandre.substack.com/p/-h1-2021-french-funding-rounds">&#127467;&#127479; H1-2021 French Funding Rounds</a>.</p><p><strong>Annalise Dragic</strong> &#127468;&#127463;, <strong>Kevin Diestel</strong> &#127468;&#127463; &amp; <strong>Andreas Weiskam</strong> &#127468;&#127463; of Sapphire Ventures tell us everything about <a href="https://sapphireventures.com/blog/israels-booming-tech-scene-top-trends-players-in-the-startup-nation/">Israel's Booming Tech Scene: Top Trends &amp; Players in the Startup Nation</a>.</p><p><strong>Thibaud Elziere</strong> &#127463;&#127466; of eFounders maps the most interesting segments and companies building the future of remote work in his article <a href="https://blog.efounders.co/the-opportunities-of-remote-work-1de2b761b492">The Opportunities of Remote Work</a>.</p><p><strong>Ladi Greenstreet</strong> &#127468;&#127463; &amp; <strong>Daisy Onubogu &#127468;&#127463;</strong>, who are taking over at Diversity VC as CEO &amp; COO, respectively, share their vision: <a href="https://diversityvc.medium.com/diversity-vc-the-next-chapter-55873ac3a02">Diversity VC &#8212; The Next Chapter</a>.</p><p><strong>Farhan Lalji </strong>&#127468;&#127463; of Anthemis comments on the firm&#8217;s latest investment and making higher education&nbsp; more affordable thanks to &#8216;Future Earnings Agreements&#8217;: <a href="https://medium.com/anthemis-insights/why-we-invested-stepex-ab36777a3e4d">Why We Invested: StepEx.</a></p><p><strong>Chirag Modi</strong> &#127468;&#127463; of Lakestar just published a new in-depth analysis of a European tech company that&#8217;s about to go public: <a href="https://modi.substack.com/p/transfer-wise-company-deep-dive">(Transfer) Wise - Company Deep Dive</a>.</p><p><strong>Marcin Szel&#261;g</strong> &#127477;&#127473; of Innovation Nest shares the latest news about startups in Central &amp; Eastern Europe (CEE): <a href="https://roundsreview.substack.com/p/rr-12-circular-economy-covid-rocket">&#128293;RR #12 Circular Economy, Covid rocket fuel, latest #fintech hub in CEE</a>.&nbsp;</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!x7mP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!x7mP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!x7mP!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!x7mP!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!x7mP!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!x7mP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!x7mP!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!x7mP!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!x7mP!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!x7mP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F626e863d-6584-4c82-8bbf-906029ec9dd1_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Paul Miller</strong> &#127468;&#127463; of Bethnal Green Ventures explains the rationale for his firm to now operate as part of a prominent asset management firm: <a href="https://sifted.eu/articles/bgv-acquisition-pension/">Tech-for-good VC Bethnal Green Ventures bought by pension asset manager</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!KRlR!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!KRlR!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!KRlR!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!KRlR!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!KRlR!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!KRlR!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/ff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!KRlR!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!KRlR!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!KRlR!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!KRlR!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fff0a0656-f344-42ea-a0c9-75148f004ce9_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Nicolas_Colin/status/1412719939677470725?s=20&quot;,&quot;full_text&quot;:&quot;0/ The paid version of <span class=\&quot;tweet-fake-link\&quot;>@EuropeanStraits</span> has been discontinued, so I&#8217;m gradually unlocking the entire archive so that everyone can read and share.\n\nIt&#8217;s not systematic in any way&#8212;but below are recently unlocked essays that everyone can access now &#129303;\n\nRead, comment, &amp;amp; share!&quot;,&quot;username&quot;:&quot;Nicolas_Colin&quot;,&quot;name&quot;:&quot;Nicolas Colin&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Wed Jul 07 10:27:35 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:5,&quot;like_count&quot;:32,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/gdibner/status/1410923971340648452?s=20&quot;,&quot;full_text&quot;:&quot;1/ This market is decidedly weird. Here are three truths that seem hard to grasp:&quot;,&quot;username&quot;:&quot;gdibner&quot;,&quot;name&quot;:&quot;Gil Dibner&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Fri Jul 02 11:31:03 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:14,&quot;like_count&quot;:51,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!yVEM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!yVEM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!yVEM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!yVEM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!yVEM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!yVEM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/cedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!yVEM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!yVEM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!yVEM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!yVEM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcedd7a3b-9862-4e84-95cb-3f5770c9be3e_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Josh Bell </strong>&#127468;&#127463; General Partner, Dawn Capital, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/joshbell">LinkedIn</a> | <a href="https://twitter.com/joshbell">Twitter</a></p></li><li><p><strong>Stefano Bernardi</strong> &#127470;&#127481;&#127467;&#127479; Angel Investor &amp; Scout, Atomico, Italy &#127470;&#127481; <a href="https://www.linkedin.com/in/stefanobernardi/">LinkedIn</a> | <a href="https://twitter.com/stefanobernardi">Twitter</a> | <a href="https://stefanobernardi.com/">Blog</a></p></li><li><p><strong>Pauline Brunel</strong> &#127467;&#127479; Investment Manager, BlackfinTech, Paris &#127467;&#127479; <a href="https://be.linkedin.com/in/pauline-brunel">LinkedIn</a> | <a href="https://twitter.com/paulinejbrunel?lang=en">Twitter</a> | <a href="https://medium.com/@pauline.bnl">Blog</a></p></li><li><p><strong>Nicolas Colin </strong>&#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Alexandre Dewez</strong> &#127467;&#127479; Analyst, Eurazeo, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/alexandre-dewez/">LinkedIn</a> | <a href="https://twitter.com/alexandre_dewez">Twitter</a> | <a href="https://alexandre.substack.com/">Blog</a></p></li><li><p><strong>Gil Dibner</strong> &#127482;&#127480;&#127470;&#127473; Founder &amp; General Partner, Angular Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/gildibner/">LinkedIn</a> | <a href="https://twitter.com/gdibner">Twitter</a> | <a href="https://medium.com/@gdibner">Blog</a></p></li><li><p><strong>Kevin Diestel</strong> &#127468;&#127463; Partner, Sapphire Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/kevindiestel">Linkedin</a>| <a href="https://twitter.com/kdiestel">Twitter</a></p></li><li><p><strong>Annalise Dragic</strong> &#127468;&#127463; Principal, Sapphire Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/annalisedragic/">Linkedin</a> | <a href="https://twitter.com/adragic6">Twitter</a></p></li><li><p><strong>Thibaud Elziere</strong> &#127463;&#127466; Founder, eFounders, Paris &#127467;&#127479; <a href="https://be.linkedin.com/in/thibaud-elziere-a787913">LinkedIn</a> | <a href="https://twitter.com/tiboel?lang=en">Twitter</a> | <a href="https://medium.com/@tiboel">Blog</a></p></li><li><p><strong>Ladi Greenstreet </strong>&#127468;&#127463; CEO, Diversity VC, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/ladigreenstreet">LinkedIn</a></p></li><li><p><strong>Farhan Lalji</strong> &#127468;&#127463; Principal, Anthemis, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/farhanlalji">LinkedIn&nbsp;</a></p></li><li><p><strong>Paul Miller &#127468;&#127463; </strong>CEO &amp; Managing Partner, Bethnal Green Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/paulmiller/">LinkedIn</a> | <a href="https://twitter.com/rellimluap">Twitter</a></p></li><li><p><strong>Chirag Modi </strong>&#127468;&#127463; Investment Associate, Lakestar, London &#127468;&#127463; <a href="https://www.linkedin.com/in/chiragmodi1/">LinkedIn</a> | <a href="https://twitter.com/modic123">Twitter</a> | <a href="https://modi.substack.com/">Blog</a></p></li><li><p><strong>Mina Mutafchieva</strong> &#127477;&#127473; Principal, Dawn Capital, London &#127468;&#127463; <a href="https://medium.com/@mina_69684">Blog</a></p></li><li><p><strong>Daisy Onubogu </strong>&#127468;&#127463; COO, Diversity VC, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/daisyonubogu">LinkedIn</a> | <a href="https://twitter.com/madame_daisy?lang=fr">Twitter</a></p></li><li><p><strong>Yannick Roux</strong> &#127467;&#127479; Investor, Semantic Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/yannickroux/">LinkedIn</a> | <a href="https://twitter.com/yanroux?lang=en">Twitter</a></p></li><li><p><strong>Marcin Szel&#261;g</strong> &#127477;&#127473; Partner, Innovation Nest, Krakow &#127477;&#127473; <a href="https://www.linkedin.com/in/marcinlszelag/?originalSubdomain=pl">LinkedIn</a> | <a href="https://twitter.com/marcinszelag?lang=en">Twitter</a> | <a href="https://roundsreview.substack.com/">Blog</a></p></li><li><p><strong>Andreas Weiskam</strong> &#127468;&#127463; Co-Founder &amp; Managing Director, Sapphire Ventures, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/andreasweiskam">LinkedIn</a> | <a href="https://twitter.com/weiskam?lang=fr">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Healthcare. Unicorn Founders. Time-Variant Business Models. Retail Investors. GP Commits.]]></title><description><![CDATA[Capital Call #51]]></description><link>https://www.capitalcall.co/p/european-vc-digest-healthcare-unicorn</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-healthcare-unicorn</guid><pubDate>Thu, 01 Jul 2021 04:00:46 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!RsaY!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!RsaY!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!RsaY!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!RsaY!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!RsaY!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!RsaY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!RsaY!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!RsaY!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!RsaY!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!RsaY!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ec34991-523a-4e16-9340-5fd37a9a8e54_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!O4jq!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!O4jq!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!O4jq!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!O4jq!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!O4jq!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!O4jq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/ac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!O4jq!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!O4jq!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!O4jq!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!O4jq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fac1ce94f-2657-4fd7-9d8f-e1362c8b65b9_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Josh Bell</strong> &#127468;&#127463; of Dawn Capital looks back at the firm&#8217;s investment in Tink, which was acquired by VISA this week, and their thinking about open banking: <a href="https://medium.com/dawn-capital/building-the-future-of-europes-financial-services-our-partnership-with-tink-2259276364b6">Building the future of Europe&#8217;s financial services: Our partnership with Tink</a>.</p><p><strong>Sophia Bendz</strong> &#127480;&#127466; and <strong>Christian Meermann</strong> &#127465;&#127466; at Cherry Ventures share best practices for early-stage marketing, in a very comprehensive and handy format: <a href="https://medium.com/cherryventures/10-marketing-lessons-for-every-early-stage-founder-7c9ab1a642e6">10 marketing lessons for every early-stage founder</a>.</p><p><strong>Johan Brenner</strong> &#127480;&#127466; at Creandum has a try at guessing unicorn founder&#8217;s traits and main characteristics: <a href="https://blog.creandum.com/traits-of-unicorn-founders-57fa9576e6d4">Traits of unicorn founders &#8212; how to spot them at an early stage?&nbsp;</a></p><p><strong>Mary Glazkova</strong> &#127479;&#127482; of The Untitled Ventures offers a valuable lesson to early-stage entrepreneurs: <a href="https://sifted.eu/articles/startups-overpay-pr/">Startups, stop paying so much for PR</a>.</p><p><strong>Jasmin Heimann</strong> &#127464;&#127469; of Macau Partners shares her thoughts (and graphs!) on the state of tech entrepreneurship in Switzerland: <a href="https://medium.com/marcau-partners/thoughts-on-the-swiss-startup-tech-ecosystem-flywheel-eeeddcf117a3">Thoughts on the Swiss startup &amp; tech ecosystem flywheel</a>.</p><p><strong>Christoph Janz</strong> &#127465;&#127466; at Point Nine Capital shares the entire deal memo after their investment in NexHealth, which last week announced a $31 million Series B: <a href="https://medium.com/point-nine-news/meet-the-underdogs-taking-on-the-4-000-000-000-000-healthcare-market-1fd8903dee60">Meet the underdogs taking on the $4,000,000,000,000 healthcare market</a></p><p><strong>Matthew Jones</strong> &#127468;&#127463; at Anthemis dissects the firm&#8217;s latest investment in Loconav, transforming fleet management for good: <a href="https://medium.com/anthemis-insights/why-we-invested-loconav-9f7f52816fe6">Why We Invested: LocoNav.&nbsp;</a></p><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; of Northzone urges investors and entrepreneurs to stop rushing listings because of FOMO in <em>Financial News</em>: <a href="https://www.fnlondon.com/articles/why-tech-startups-should-be-wary-of-the-spac-and-ipo-craze-20210629v">Why tech startups should be wary of the Spac and IPO craze</a>.</p><p><strong>Evgenia Plotnikova</strong> &#127479;&#127482;&#127467;&#127479; at Dawn Capital shares the firm&#8217;s thesis behind the Firebolt bet, at the intersection of data and infrastructure, Dawn&#8217;s sweet spot: <a href="https://medium.com/dawn-capital/snowflake-catapulted-the-data-warehouse-into-the-cloud-f3332448d3cd">Why we invested in Firebolt: Snowflake catapulted the data warehouse into the cloud. Now Firebolt is making it fly!</a></p><p><strong>Youn&#232;s Rharbaoui </strong>&#127467;&#127479; of The Family explains why companies that should never have succeeded benefit from arbitraging across time: <a href="https://chasingpaper.substack.com/p/time-variant-business-models">Time-variant business models</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!o6xj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!o6xj!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!o6xj!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!o6xj!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!o6xj!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!o6xj!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/f15d97ab-e106-4b69-b024-8687e224341f_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!o6xj!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!o6xj!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!o6xj!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!o6xj!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff15d97ab-e106-4b69-b024-8687e224341f_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Luca Bocchio</strong> &#127470;&#127481;&#127468;&#127463; of Accel reveals the kind of companies his firm wants to deploy hundreds of millions of euros into over the next decade: <a href="https://sifted.eu/articles/accel-650m-fund-europe/">Accel raises $650m early-stage European fund</a>.</p><p><strong>Elena Pantazi</strong> &#127464;&#127486; of Northzone shares tips on how to hire remote talent and how the firm builds value add for entrepreneurs: <a href="https://www.businessinsider.com/northzone-vc-talent-partner-startups-tips-talent-remote-hires-2021-6">How startups should hire remotely: 5 tips on securing the best talent</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!8xzP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!8xzP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!8xzP!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!8xzP!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!8xzP!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!8xzP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!8xzP!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!8xzP!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!8xzP!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!8xzP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0e72509e-cde0-48a7-8a25-7845b1bd5007_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Maren_Bannon/status/1409672536380428293?s=20&quot;,&quot;full_text&quot;:&quot;I love cold pitches. But a surefire way not to get funding from <span class=\&quot;tweet-fake-link\&quot;>@January_VC</span> is to start it with: \&quot;Dear Sirs...\&quot;&quot;,&quot;username&quot;:&quot;Maren_Bannon&quot;,&quot;name&quot;:&quot;Maren Bannon&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Tue Jun 29 00:38:17 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:9,&quot;like_count&quot;:212,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/shak/status/1409104582236594177?s=21&quot;,&quot;full_text&quot;:&quot;1, Many folks trying to do a startup do NOT have the luxury of a &#8220;Friends &amp;amp; Family round&#8221;, same applies for many folks trying to do their first fund without &#8220;X % of GP commit&#8221;. \n\nNot everyone is born wealthy or with access to spare cash from their parents rich friends.&quot;,&quot;username&quot;:&quot;shak&quot;,&quot;name&quot;:&quot;Shakil Khan&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Sun Jun 27 11:01:26 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:91,&quot;like_count&quot;:824,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/ry_paddy/status/1355536093672861699?s=20&quot;,&quot;full_text&quot;:&quot;1/ OK, here goes. I'm tired of hearing this.\nI spent two years at <span class=\&quot;tweet-fake-link\&quot;>@Crowdcube</span>. \nLetting retail invest in startups has been possible for 10+ years in Europe. You don't need to be HNWI.\nHowever, NOBODY IS DOING IT RIGHT...BUT WE CAN. &quot;,&quot;username&quot;:&quot;ry_paddy&quot;,&quot;name&quot;:&quot;Patrick Ryan&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Sat Jan 30 15:19:24 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{&quot;full_text&quot;:&quot;If retail investors are angry they can&#8217;t invest in GameStop, wait until they learn that they&#8217;re prevented from investing in virtually every early-stage startup getting built today.&quot;,&quot;username&quot;:&quot;shl&quot;,&quot;name&quot;:&quot;Sahil&quot;},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:5,&quot;like_count&quot;:16,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!1c82!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!1c82!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!1c82!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!1c82!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!1c82!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!1c82!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!1c82!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!1c82!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!1c82!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!1c82!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F51874315-b0c7-4297-9f57-5278c86dafee_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Maren Bannon </strong>&#127482;&#127480; Co-Founder &amp; Managing Partner, January Ventures, Amsterdam &#127475;&#127473; <a href="https://www.linkedin.com/in/marenbannon/">LinkedIn</a> | <a href="https://twitter.com/maren_bannon">Twitter</a> | <a href="https://qz.com/author/maren-thomas-bannon/">Blog</a></p></li><li><p><strong>Josh Bell</strong> &#127468;&#127463; General Partner, Dawn Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/joshbell/">LinkedIn</a> | <a href="https://twitter.com/joshbell">Twitter</a></p></li><li><p><strong>Sophia Bendz</strong> &#127480;&#127466; Partner, Cherry Ventures, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/sophiabendz/">LinkedIn</a> | <a href="https://twitter.com/sophiabendz">Twitter</a> | <a href="https://medium.com/@sophiabendz">Blog</a></p></li><li><p><strong>Luca Bocchio </strong>&#127470;&#127481;&#127468;&#127463; Partner, Accel, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/luca-bocchio-0247a621">LinkedIn</a> | <a href="https://twitter.com/luca_bocchio">Twitter</a></p></li><li><p><strong>Johan Brenner</strong> &#127480;&#127466; General Partner, Creandum, Stockholm &#127480;&#127466; <a href="https://se.linkedin.com/in/johanbrenner">LinkedIn </a>| <a href="https://twitter.com/johanbrenner?lang=fr">Twitter</a></p></li><li><p><strong>Mary Glazkova</strong> &#127479;&#127482; PR partner, The Untitled Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/maryglazkova/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/maryglazkova">Twitter</a> |&nbsp;<a href="https://maryglazkova.medium.com/">Blog</a></p></li><li><p><strong>Jasmin Heimann </strong>&#127464;&#127469; Marcau Partners, Zurich &#127464;&#127469; <a href="https://www.linkedin.com/in/jasmin-heimann/">LinkedIn</a> | <a href="https://twitter.com/jasmiinhe">Twitter</a> | <a href="https://medium.com/@jasmin_hei">Blog</a></p></li><li><p><strong>Christoph Janz</strong> &#127465;&#127466; Partner, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/christophjanz/">LinkedIn</a> | <a href="https://twitter.com/chrija">Twitter</a> | <a href="http://christophjanz.blogspot.com/">Blog</a></p></li><li><p><strong>Matthew Jones</strong> &#127468;&#127463; Principal, Anthemis, London &#127468;&#127463; <a href="https://www.linkedin.com/in/matthewcjones1/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/thisismattj">Twitter</a> | <a href="https://medium.com/@matthewcjones">Blog</a></p></li><li><p><strong>Shakil Khan &#127468;&#127463; </strong>Co-Founder, Prima Materia, Stockholm &#127480;&#127466; <a href="https://www.linkedin.com/in/shakilkhan/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/shak">Twitter</a> |&nbsp;Blog</p></li><li><p><strong>Christian Meermann</strong> &#127465;&#127466; Founding Partner, Cherry Ventures, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/christian-meermann-40955411/">LinkedIn</a> | <a href="https://twitter.com/chrismeermi">Twitter</a></p></li><li><p><strong>Elena Pantazi</strong> &#127464;&#127486; Head of Operations, Northzone, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/elenapantazi">LinkedIn</a> | <a href="https://twitter.com/ecpantazi?lang=en">Twitter</a> | <a href="https://medium.com/@elenapantazi">Blog</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li><li><p><strong>Evgenia Plotnikova</strong> &#127479;&#127482;&#127467;&#127479; Partner, Dawn Capital, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/evgeniaplotnikova">LinkedIn</a> | <a href="https://twitter.com/evplot">Twitter</a> | <a href="https://medium.com/@evplot">Blog</a></p></li><li><p><strong>Youn&#232;s Rharbaoui </strong>&#127467;&#127479; CFO, The Family, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/younesrharbaoui/">LinkedIn</a> | <a href="https://twitter.com/younesrharbaoui">Twitter</a> | <a href="https://chasingpaper.substack.com/">Blog</a></p></li><li><p><strong>Patrick Ryan &#127470;&#127466;</strong> Co-founder, Odin, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/paddy-ryan">LinkedIn</a> | <a href="https://twitter.com/ry_paddy">Twitter</a> | <a href="https://odin.substack.com/">Blog</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Freight-Forwarding Unicorn. London Campus. Impact Investing. Celebrating 50 Newsletters!]]></title><description><![CDATA[Capital Call #50]]></description><link>https://www.capitalcall.co/p/european-vc-digest-freight-forwarding</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-freight-forwarding</guid><pubDate>Thu, 24 Jun 2021 04:00:26 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_Pl1!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_Pl1!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!_Pl1!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!_Pl1!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!_Pl1!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_Pl1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_Pl1!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!_Pl1!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!_Pl1!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!_Pl1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1c9a6cda-ce1b-402d-a640-69a1b31d4cc7_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; Also, this is issue #50 of <em>Capital Call</em>! &#127874;</p><p>If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!fgUo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!fgUo!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!fgUo!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!fgUo!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!fgUo!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!fgUo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!fgUo!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!fgUo!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!fgUo!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!fgUo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9b70ae8f-f448-4b37-9434-16218a0b5a67_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Marin Cauvas</strong> &#127468;&#127463; of Anthemis explains why his firm decided to double down on digital assets: <a href="https://medium.com/anthemis-insights/why-we-re-invested-kaiko-23fa1bb1e3f1">Why we re-invested: Kaiko</a>.</p><p><strong>Jon Coker </strong>&#127468;&#127463;of Eka Ventures dissects the firm&#8217;s thesis after the launch of their &#163;53 million impact focused, but highly commercial, early stage venture fund: <a href="https://medium.com/eka-ventures-writes/eka-ventures-our-thesis-15ed4fe75be1">Eka Ventures: Our Thesis.&nbsp;</a></p><p><strong>Nicolas Colin &#127467;&#127479; </strong>of The Family explains the antitrust revolution that&#8217;s currently happening in the US and the consequences over here: <a href="https://sifted.eu/articles/lina-khan-europe/">What Europe can learn from the new US antitrust chief, Lina Khan</a>.&nbsp;</p><p><strong>Annalise Dragic &#127468;&#127463;</strong> of Sapphire Ventures, <strong>Sarah N&#246;ckel</strong> of Northzone, and <strong>Pietro Invernizzi</strong> of Stride VC share their views about <a href="https://sifted.eu/articles/future-of-work-startups/">The future of work startups that'll make it big</a>&#8212;in <em>Sifted</em>.</p><p><strong>Rouven Dresselhaus &#127465;&#127466;</strong>of Cavalry Ventures celebrates the fund's first unicorn, and what blew them away in the freight-forwarding industry: <a href="https://medium.com/cavalry-chronicle/the-backstory-of-cavalry-x-forto-3ac1eb39a958">The Backstory of Cavalry x Forto</a>.</p><p><strong>Sarah Drinkwater </strong>&#127468;&#127463;, an angel investor with Atomico, remembers the first years of London Campus, a key tech hub in the UK before the pandemic: <a href="https://sarahdrinkwater.medium.com/celebrating-the-end-of-campus-london-9cd4399e3cf7">Celebrating the end of Campus London</a>.</p><p><strong>Julia Hawkins</strong> &#127468;&#127463; of LocalGlobe shares insights about a recent investment to help women proactively learn about their fertility: <a href="https://medium.com/localglobe-notes/our-investment-in-hertility-c81eda35c01d">Our investment in Hertility</a>.</p><p><strong>Vedika Jain</strong> &#127468;&#127463; of Weekend Fund explains what the position of chief of staff is all about in a startup context: <a href="https://medium.com/chiefofstaffnetwork/state-of-chief-of-staff-in-tech-2021-3b188c7eb4a">State of Chief of Staff in Tech &#8212; 2021</a>.</p><p><strong>Louisa Mesnard &#127467;&#127479;</strong>, <strong>Samantha J&#233;rusalmy &#127467;&#127479;,Franck Lescure &#127467;&#127479;</strong>, <strong>Alexis Frentz &#127467;&#127479; </strong>and <strong>Sacha Loiseau&#127467;&#127479;</strong>of Elaia Partners share a comprehensive deep dive on science and tech: <a href="https://medium.com/elaia/digital-life-sciences-digital-life-sciences-and-at-elaia-we-love-it-91e3307cb3dc">Digital Life Sciences &#8800; Digital + Life Sciences</a>.</p><p><strong>Julia Morrongiello </strong>&#127464;&#127469; of Point Nine Capital reveals what institutional investors want to see before they consider investing in crypto: <a href="https://medium.com/point-nine-news/data-is-the-key-to-unlocking-institutional-crypto-adoption-b25d6ae860ef">Data is the key to unlocking institutional crypto adoption</a>.</p><p><strong>Francisco Navas &#127466;&#127480;</strong>of Balboa Ventures makes the case for founders cashing out more often, and earlier: <a href="https://sifted.eu/articles/secondaries-taboo/">It shouldn't be taboo for founders to take cash off the table early</a>.</p><p><strong>Christopher Steinau &#127465;&#127466; </strong>and <strong>Michiel Kotting</strong> &#127475;&#127473;of Northzone discuss supply chain innovation and why shipping prices have skyrocketed during COVID: <a href="https://northzone.com/2021/06/21/how-a-freight-forwarder-forto-is-valued-1-2bn-in-the-middle-of-the-biggest-shipping-crisis-in-history/">How a freight-forwarder (Forto) is valued $1.2bn in the middle of the biggest shipping crisis in history</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!FuCN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!FuCN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!FuCN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!FuCN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!FuCN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!FuCN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!FuCN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!FuCN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!FuCN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!FuCN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0935745d-32b1-4b44-b46e-0cc2b9511ec3_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Marin Cauvas &#127468;&#127463; </strong>Principal, Anthemis, Lisbon<strong> &#127477;&#127481; </strong><a href="https://www.linkedin.com/in/marin-cauvas/">LinkedIn</a> | <a href="https://twitter.com/marincauvas">Twitter</a> | <a href="https://medium.com/@marin_67027">Blog</a></p></li><li><p><strong>Jon Coker </strong>&#127468;&#127463; Founding Partner, Eka Ventures, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/joncoker">LinkedIn</a> | <a href="https://twitter.com/joncoker?lang=fr">Twitter</a> | <a href="https://medium.com/@joncoker">Blog</a></p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Annalise Dragic</strong> &#127468;&#127463; Principal, Sapphire Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/annalisedragic/">LinkedIn</a> | <a href="https://twitter.com/adragic6">Twitter</a></p></li><li><p><strong>Rouven Dresselhaus &#127465;&#127466; </strong>Co-Founder &amp; Managing Partner, Cavalry Ventures, Berlin <strong>&#127465;&#127466; </strong><a href="https://www.linkedin.com/in/rouvendresselhaus/">LinkedIn</a> | <a href="https://twitter.com/RDresselhaus">Twitter</a></p></li><li><p><strong>Sarah Drinkwater </strong>&#127468;&#127463; Angel Investor, Atomico, London &#127468;&#127463; <a href="https://www.linkedin.com/in/sarahdrinkwater/">LinkedIn</a> | <a href="https://twitter.com/sarahdrinkwater">Twitter</a> |&nbsp;<a href="https://medium.com/@SarahDrinkwater/">Blog</a></p></li><li><p><strong>Alexis Frentz</strong> &#127467;&#127479; Investment Manager, Elaia Partners, Paris &#127467;&#127479;&nbsp; <a href="https://fr.linkedin.com/in/alexisfrentz">LinkedIn </a>| <a href="https://twitter.com/alexisfrentz?lang=fr">Twitter </a></p></li><li><p><strong>Julia Hawkins </strong>&#127468;&#127463; General Partner, LocalGlobe, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/juliahawkins01">LinkedIn </a>| <a href="https://twitter.com/svennj">Twitter&nbsp;</a></p></li><li><p><strong>Pietro Invernizzi</strong> &#127470;&#127481; First-Cheque Investor, Stride VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/pietro-invernizzi/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/pinverrr">Twitter</a> |&nbsp;<a href="https://medium.com/@Pinver">Blog</a></p></li><li><p><strong>Vedika Jain </strong>&#127468;&#127463; Chief Of Staff, Weekend Fund,&nbsp; London &#127468;&#127463; <a href="https://uk.linkedin.com/in/vedikajain">LinkedIn</a> | <a href="https://twitter.com/vedikaja_in?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Twitter</a> | <a href="https://vedikajain1.medium.com/">Blog</a></p></li><li><p><strong>Samantha J&#233;rusalmy</strong> &#127467;&#127479; Partner, Elaia Partners, Paris &#127467;&#127479;&nbsp; <a href="https://fr.linkedin.com/in/samanthajerusalmy">LinkedIn </a>| <a href="https://twitter.com/sjerusalmy?lang=fr">Twitter </a></p></li><li><p><strong>Michiel Kotting</strong> &#127475;&#127473; Partner, Northzone, Amsterdam &#127475;&#127473; <a href="https://www.linkedin.com/in/kotting/?originalSubdomain=nl">LinkedIn</a> | <a href="https://twitter.com/mkotting">Twitter</a></p></li><li><p><strong>Franck Lescure</strong> &#127467;&#127479; Partner, Elaia Partners, Paris &#127467;&#127479;&nbsp; <a href="https://www.linkedin.com/in/franck-lescure-a033b9/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/lescurefranck">Twitter </a></p></li><li><p><strong>Sacha Loiseau</strong> &#127467;&#127479; Venture Partner, Elaia Partners, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/sacha-loiseau-62143b3/">LinkedIn</a></p></li><li><p><strong>Louisa Mesnard</strong> &#127467;&#127479; CMO, Elaia Partners, Paris &#127467;&#127479;&nbsp; <a href="https://fr.linkedin.com/in/louisamesnard">LinkedIn</a> | <a href="https://twitter.com/louisamesnard?lang=fr">Twitter </a></p></li><li><p><strong>Julia Morrongiello </strong>&#127464;&#127469; Associate, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/juliamorrongiello/">LinkedIn</a> | <a href="https://twitter.com/juliamorrongiel">Twitter</a> | <a href="https://medium.com/@JuliaMorrongiel">Blog</a></p></li><li><p><strong>Francisco Navas &#127466;&#127480;</strong>Investment Director, Balboa Ventures, Madrid <strong>&#127466;&#127480; </strong><a href="https://www.linkedin.com/in/francisco-navas-b35b07132/">LinkedIn</a></p></li><li><p><strong>Sarah N&#246;ckel</strong> &#127465;&#127466; Investment Manager, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/sarahnoeckel/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/SarahNoeckel">Twitter</a> |&nbsp;<a href="https://femstreet.substack.com/">Blog</a></p></li><li><p><strong>Christopher Steinau</strong> &#127465;&#127466; Partner, Northzone, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/christophersteinau">LinkedIn</a> | <a href="https://twitter.com/chrissteinau?lang=fr">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Ledger. The US Market. FoodTech. Growth Fund. Future of Work. Greece. Speed.]]></title><description><![CDATA[Capital Call #49]]></description><link>https://www.capitalcall.co/p/european-vc-digest-ledger-the-us</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-ledger-the-us</guid><pubDate>Thu, 17 Jun 2021 04:00:13 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!rAWv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!rAWv!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!rAWv!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!rAWv!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!rAWv!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!rAWv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/62be4de2-770c-46e5-b208-761dde525559_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!rAWv!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!rAWv!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!rAWv!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!rAWv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F62be4de2-770c-46e5-b208-761dde525559_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-aQu!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!-aQu!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!-aQu!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!-aQu!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!-aQu!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!-aQu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/ca049636-24ba-40f0-b666-94483c9be78e_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!-aQu!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!-aQu!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!-aQu!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!-aQu!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca049636-24ba-40f0-b666-94483c9be78e_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Cyril Bertrand</strong> &#127467;&#127479; of Xange is more bullish than ever on the crypto market after another unicorn was added to the firm&#8217;s portfolio: <a href="https://medium.com/xangevc/congrats-ledger-and-why-we-believe-in-crypto-more-than-ever-a7a5934e54c8">Congrats, Ledger! And why we believe in crypto more than ever</a>.</p><p><strong>Alexandre Dewez &#127467;&#127479; </strong>of Eurazeo seizes the opportunity of Believe Digital going public to discuss the future of the music industry: <a href="https://alexandre.substack.com/p/-believe-ipo-music-distribution-for">&#127911; Believe IPO - Music Distribution for the Digital Age</a>.</p><p><strong>Elnaz Giboulot</strong> &#127467;&#127479; and <strong>Marc Rougier</strong> &#127467;&#127479; of Elaia Partners are shedding a light on one of the hardest hires in early stage companies, your first marketing guru: <a href="https://medium.com/elaia/the-what-when-and-how-of-building-a-marketing-team-in-an-early-stage-tech-startup-2c306438885">The What, When and How of building a marketing team in an early stage tech startup</a>.</p><p><strong>Laura Gonz&#225;lez-Est&#233;fani</strong> &#127466;&#127480; of TheVentureCity shares all the tips she&#8217;s learned along the way when it comes to expanding in America: <a href="https://sifted.eu/articles/european-scaling-us/">The four things European founders scaling to the US must know</a>.</p><p><strong>Christoph Janz</strong> &#127465;&#127466; of Point Nine Capital celebrates another milestone for the franchise, recalling some anecdotes from raising with founders and getting LP commitments: <a href="https://medium.com/point-nine-news/celebrating-9-unicorns-16c8df4fdd52">Celebrating 9 Unicorns.</a></p><p><strong>Anna Ottosson</strong> &#127480;&#127466; of Trellis Road is convinced that our food system is broken, and that unsustainable lifestyles need to stop now: <a href="https://medium.com/trellis-road/the-power-of-a-strong-why-a-year-of-investing-in-high-impact-foodtech-5ae5d5ae9572">The power of a strong Why&#8212;a year of investing in high-impact foodtech</a>.</p><p><strong>Anthony Rose</strong> &#127468;&#127463; of SeedLegals goes through the list of how a startup can f*** up their cap table. Better safe than sorry! <a href="https://sifted.eu/articles/five-mistakes-startup/">Founders, these mistakes will kill your startup</a>.</p><p><strong>Simon Schmincke</strong> &#127465;&#127466; from Creandum is talking about the 4-year relationship the firm has with their newest Partner, <strong>Peter Specht &#127465;&#127466;</strong>: <a href="https://blog.creandum.com/creandum-promotes-peter-specht-to-partner-70a3d119cd91">Creandum promotes Peter Specht to Partner</a>.</p><p><strong>Rana Yared</strong> &#127482;&#127480; of Balderton writes about raising a growth fund and what kind of opportunities she&#8217;ll be pursuing in deploying it: <a href="https://www.balderton.com/news/balderton-growth-i-and-why-we-raised-a-growth-fund">Why We Raised Balderton Growth I</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!f5pH!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!f5pH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!f5pH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!f5pH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!f5pH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!f5pH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9972af1e-139f-4e88-9383-77856e088e87_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!f5pH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!f5pH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!f5pH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!f5pH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9972af1e-139f-4e88-9383-77856e088e87_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Apostolos Apostolakis</strong> &#127468;&#127479; of VentureFriends and <strong>Panos Papadopoulos</strong> &#127468;&#127479; of Marathon Venture Capital comment on the state of the Greek startup scene in <em>Sifted</em>: <a href="https://sifted.eu/articles/greece-rising-startups/">Greece Rising</a>.&nbsp;</p><p><strong>Sarah N&#246;ckel &#127465;&#127466;</strong> of Northzone, <strong>Annalise Dragic</strong> of Sapphire Ventures, and <strong>Pietro Invernizzi</strong> &#127470;&#127481; of Stride VC comment on the future of work trends in <em>Sifted</em>, with many insights on what hybrid looks like for the future: <a href="https://sifted.eu/articles/future-of-work-startups/">The future of work startups that'll make it big, according to top VCs</a>.</p><p><strong>Joe Schorge</strong> &#127482;&#127480; and <strong>Chris Wade</strong> &#127468;&#127463; of Isomer Capital explain why they&#8217;re expanding beyond their business of being a fund of funds&#8212;in <em>Sifted</em>: <a href="https://sifted.eu/articles/isomer-capital-100m-fund/">Isomer raises a &#8364;100m fund to invest directly in European startups</a>.</p><p><strong>Harry Stebbings </strong>&#127468;&#127463; of 20VC has raised a $140m fund, one of the biggest solo VC partner funds on either side of the Atlantic, and he shared his journey with <em>Sifted</em>: <a href="https://sifted.eu/articles/harry-stebbings-140m-funds/">Podcaster-turned-VC Harry Stebbings raises two funds totalling $140m</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!D9az!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!D9az!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!D9az!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!D9az!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!D9az!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!D9az!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/a0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!D9az!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!D9az!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!D9az!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!D9az!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0bb3ab7-b2ca-4128-aeba-26756ce7cea2_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/hkanji/status/1404531160366161921?s=12&quot;,&quot;full_text&quot;:&quot;Parts of today reminds me of 1999. VC FOMO. High priced, rapid fire rounds. Highly funded consumer surplus businesses with zero or negative gross margins. Public market comps on fire. I&#8217;m only struggling to figure out what today&#8217;s Cerent and Siara analog would be.&quot;,&quot;username&quot;:&quot;hkanji&quot;,&quot;name&quot;:&quot;hussein kanji&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Mon Jun 14 20:08:18 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:4,&quot;like_count&quot;:35,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Patrick_Newton1/status/1404403988829814785?s=20&quot;,&quot;full_text&quot;:&quot;It's becoming a cliche in VC strategy that speed gives you an edge. The key qs are: what is gained? What is lost? What is the optimal speed? Are Tiger Global simply \&quot;getting speed right\&quot;? &#128071;&quot;,&quot;username&quot;:&quot;Patrick_Newton1&quot;,&quot;name&quot;:&quot;patrick@formventures.vc&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Mon Jun 14 11:42:58 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:2,&quot;like_count&quot;:5,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!DpP1!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!DpP1!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!DpP1!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!DpP1!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!DpP1!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!DpP1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!DpP1!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!DpP1!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!DpP1!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!DpP1!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F045d5e7b-eda0-47c3-b7ad-0459aec03750_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Apostolos Apostolakis</strong> &#127468;&#127479; Co-Founder &amp; Partner, VentureFriends, Athens &#127468;&#127479; <a href="https://www.linkedin.com/in/apostolosapostolakis/">LinkedIn</a> | <a href="https://twitter.com/apoapostolakis">Twitter</a></p></li><li><p><strong>Cyril Bertrand</strong> &#127467;&#127479; Managing Partner, Xange, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/bertrandcyril/?originalSubdomain=fr">LinkedIn </a>| <a href="https://twitter.com/cyrilb88?lang=en">Twitter</a></p></li><li><p><strong>Alexandre Dewez</strong> &#127467;&#127479; Principal, Eurazeo, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/alexandre-dewez/">LinkedIn</a> | <a href="https://twitter.com/alexandre_dewez">Twitter</a> | <a href="https://alexandre.substack.com/">Blog</a></p></li><li><p><strong>Annalise Dragic </strong>&#127468;&#127463; Principal, Sapphire Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/annalisedragic/">Linkedin</a>| <a href="https://twitter.com/adragic6">Twitter</a></p></li><li><p><strong>Elnaz Giboulot &#127467;&#127479; </strong>Content &amp; Community, Elaia, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/elnazgiboulot/">LinkedIn</a></p></li><li><p><strong>Laura Gonz&#225;lez-Est&#233;fani &#127466;&#127480; </strong>Founder, TheVentureCity, Miami &#127482;&#127480; <a href="https://twitter.com/lauragestefani">LinkedIn</a> |&nbsp;<a href="https://www.linkedin.com/in/lauragonzalezestefani/">Twitter</a></p></li><li><p><strong>Pietro Invernizzi</strong> &#127470;&#127481; First-Cheque Investor, Stride VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/pietro-invernizzi/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/pinverrr">Twitter</a> |&nbsp;<a href="https://medium.com/@Pinver">Blog</a></p></li><li><p><strong>Christoph Janz</strong> &#127465;&#127466; Partner, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/christophjanz/">LinkedIn</a> | <a href="https://twitter.com/chrija">Twitter</a> | <a href="http://christophjanz.blogspot.com/">Blog</a></p></li><li><p><strong>Hussein Kanji </strong>&#127482;&#127480; Founder, Hoxton Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/hkanji/">LinkedIn</a> | <a href="https://twitter.com/hkanji">Twitter</a> | <a href="http://hkanji.com/">Blog</a></p></li><li><p><strong>Patrick Newton</strong> &#127468;&#127463; Founding Partner, Form Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/patrick-newton-43b9682b/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/patrick_newton1?lang=en">Twitter</a> | <a href="https://patrick-newton1.medium.com/">Blog</a></p></li><li><p><strong>Sarah N&#246;ckel</strong> &#127465;&#127466; Investment Manager, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/sarahnoeckel/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/SarahNoeckel">Twitter</a> |&nbsp;<a href="https://femstreet.substack.com/">Blog</a></p></li><li><p><strong>Anna Ottosson</strong> &#127480;&#127466; Co-Founder, Trellis Road, Stockholm &#127480;&#127466; <a href="https://www.linkedin.com/in/annaottosson/">LinkedIn</a> | <a href="https://twitter.com/annavottosson">Twitter</a> | <a href="https://medium.com/@anna_ottosson">Blog</a></p></li><li><p><strong>Panos Papadopoulos</strong> &#127468;&#127479; Partner, Marathon Venture Capital, Athens &#127468;&#127479; <a href="https://www.linkedin.com/in/panayiotis/?originalSubdomain=gr">LinkedIn</a> | <a href="https://twitter.com/PanosJee">Twitter</a></p></li><li><p><strong>Anthony Rose &#127468;&#127463; </strong>Founder, SeedLegals, London &#127468;&#127463; <a href="https://www.linkedin.com/in/anrose/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/anthonyrose">Twitter</a></p></li><li><p><strong>Marc Rougier &#127467;&#127479; </strong>Partner, Elaia Partners, Paris &#127467;&#127479; <a href="https://fr.linkedin.com/in/marcrougier">LinkedIn</a> | <a href="https://twitter.com/marcfuseki?lang=fr">Twitter</a> | <a href="https://medium.com/@marcfuseki">Blog</a></p></li><li><p><strong>Peter Specht </strong>&#127465;&#127466; Partner, Creandum, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/pspecht/">LinkedIn</a> | <a href="https://twitter.com/specht_p">Twitter</a></p></li><li><p><strong>Harry Stebbings &#127468;&#127463; </strong>Founder, 20VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/harrystebbings/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/HarryStebbings">Twitter</a> | <a href="https://www.thetwentyminutevc.com/">Blog</a></p></li><li><p><strong>Rana Yared &#127482;&#127480; </strong>General Partner, Balderton Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ranayared/">LinkedIn</a></p></li><li><p><strong>Simon Schmincke</strong> &#127465;&#127466; General Partner,&nbsp; Creandum, Berlin &#127465;&#127466;&nbsp; <a href="https://de.linkedin.com/in/simonschmincke">LinkedIn</a> | <a href="https://twitter.com/simonschmincke">Twitter</a> | <a href="https://medium.com/@simonschmincke">Blog</a></p></li><li><p><strong>Joe Schorge &#127482;&#127480; </strong>Co-Founder &amp; Managing Partner, Isomer Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/joeschorge/">LinkedIn</a> | <a href="https://twitter.com/jschorge">Twitter</a></p></li><li><p><strong>Chris Wade &#127468;&#127463; </strong>Co-Founder &amp; Partner, Isomer Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/chrisjwade/">LinkedIn</a> | <a href="https://twitter.com/cwatvc">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Impact. Crypto Fellowship. Accountants. Blurring Lines. The New Palo Alto.]]></title><description><![CDATA[Capital Call #48]]></description><link>https://www.capitalcall.co/p/european-vc-digest-impact-crypto</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-impact-crypto</guid><pubDate>Thu, 10 Jun 2021 04:00:00 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ynON!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ynON!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!ynON!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!ynON!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!ynON!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ynON!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/5542c799-f862-4612-a7ca-89734b39391d_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ynON!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!ynON!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!ynON!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!ynON!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5542c799-f862-4612-a7ca-89734b39391d_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!sELh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!sELh!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!sELh!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!sELh!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!sELh!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!sELh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!sELh!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!sELh!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!sELh!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!sELh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5fa6243a-cfdd-4d25-b024-40ad14d04c11_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Arnaud Baraer &#127467;&#127479; </strong>of XAnge writes about his firm&#8217;s investment in Airfocus and the benefits of being 100% product-focused: <a href="https://medium.com/xangevc/long-live-product-teams-ca5138ec83f0">Long live the product teams!</a></p><p><strong>Harry Briggs</strong> &#127468;&#127463; of OMERS Ventures dissects his firm&#8217;s investment in Lick, showing the ingredients needed for a category-defining brand: <a href="https://medium.com/@H4ryB/redefining-a-category-our-investment-in-lick-9eeaf7983a96">Redefining a category: our investment in Lick</a>.</p><p><strong>Nicolas Colin &#127467;&#127479; </strong>of The Family points out that <em>billions</em> have been invested in grocery delivery startups in Q1. What does it mean? <a href="https://sifted.eu/articles/grocery-delivery-investment/">How much is too much when investing in grocery delivery?</a></p><p><strong>Louis Coppey</strong> &#127467;&#127479; of Point Nine Capital writes about his firm&#8217;s latest investment and reflects on a design-centric approach to the product analytics market: <a href="https://medium.com/point-nine-news/some-june-news-c7761cbca3a">Some June news</a>.</p><p><strong>Jonathan Eade &#127468;&#127463;</strong>, who works for a family office, and <strong>Christian Walter &#127465;&#127466;</strong> of SDGx write that VCs need to do more when it comes to having an impact: <a href="https://sifted.eu/articles/vcs-measure-impact/">VCs, stop figuring out how to measure impact &#8212; start having some</a>.</p><p><strong>Pierre Entremont </strong>&#127467;&#127479; of Frst makes a statement: we need more crypto entrepreneurs! Read it all in <a href="https://medium.com/frstvc/the-crypto-fellowship-by-frst-fabric-10-x-100k-to-create-10-crypto-entrepreneurs-from-scratch-62d09c14a2ee">The Crypto Fellowship by Frst &amp; Fabric: 10 x 100k to create 10 crypto entrepreneurs &#8220;from scratch&#8221;</a>.</p><p><strong>Luciana Lixandru</strong> &#127479;&#127476; and <strong>George Robson</strong> &#127468;&#127463; of Sequoia Capital tell about <a href="https://medium.com/sequoia-capital/pennylane-bringing-europes-small-businesses-and-accountants-into-the-21st-century-2466a94a1000">Pennylane: Bringing Europe&#8217;s Small Businesses and Accountants into the 21st Century</a>.&nbsp;</p><p><strong>Seth Pierrepont</strong> &#127468;&#127463; from Accel <a href="https://accel.com/noteworthy/the-sooner-you-can-define-the-culture-and-communicate-it-to-people-the-better-supercells-ilkka-paananen">&#8220;The sooner you can define the culture and communicate it to people the better&#8221;&#8212;Supercell's Ilkka Paananen</a></p><p><strong>Carmen Alfonso Rico</strong> &#127466;&#127480; of Blossom Capital shares tips for founders who want to be successful at fundraising: <a href="https://carmenrico.medium.com/debut-sessions-live-hacking-your-first-round-of-funding-9228ed4ba426">Debut Sessions Live &#8212; Hacking your first round of funding</a>.</p><p><strong>Lily Shaw</strong> &#127468;&#127463; of OMERS Ventures just published part 2 of her series about the convergence between public and private markets: <a href="https://medium.com/omers-ventures/blurring-lines-ii-public-private-markets-9166df0362ef">Blurring lines II: public &amp; private markets</a>.</p><p><strong>Konstantin Sinyushin </strong>&#127473;&#127483; of The Untitled Ventures writes about raising capital that matters, that is, the capital brought by friends, family, and fools:&nbsp; <a href="https://theuntitledventures.medium.com/what-is-fff-money-and-do-you-need-them-ebd9327e4702">What is FFF-money and Do You Need Them?</a></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!9OBf!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!9OBf!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!9OBf!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!9OBf!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!9OBf!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!9OBf!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!9OBf!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!9OBf!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!9OBf!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!9OBf!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F7f4b928e-c99a-4782-b2ee-97544738e06d_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><em>Sifted</em> has a comprehensive piece about the London-based Firstminute Capital, featuring many team members and starting with <strong>Brent Hoberman</strong> &#127487;&#127462;&#127468;&#127463;: <a href="https://sifted.eu/articles/unicorn-firstminute-capital/">100 unicorn founders back London-based VC fund Firstminute Capital</a></p><p><strong>Saul Klein</strong> &#127468;&#127463;&#127487;&#127462; of LocalGlobe answers The Family&#8217;s <strong>Nicolas Colin</strong> &#127467;&#127479;&#8217;s questions about his investment thesis and his vision of Europe&#8217;s future: <a href="https://europeanstraits.substack.com/p/the-new-palo-alto-w-saul-klein-grocery">The New Palo Alto w/ Saul Klein</a> &#127911;</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!1_un!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!1_un!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!1_un!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!1_un!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!1_un!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!1_un!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/f4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!1_un!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!1_un!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!1_un!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!1_un!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4814980-bc53-4c56-8047-a96f1ffd04ce_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Arnaud Baraer &#127467;&#127479; </strong>Associate, Xange, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/arnaud-baraer-b45a1b84/">LinkedIn</a></p></li><li><p><strong>Harry Briggs</strong> &#127468;&#127463; Managing Partner, OMERS Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/harrycdbriggs/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/H4ryB?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Twitter</a></p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Louis Coppey</strong> &#127467;&#127479; Partner, Point Nine Capital, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/louiscoppey/">LinkedIn</a> | <a href="https://twitter.com/louicop">Twitter</a> | <a href="https://medium.com/@LouiCop">Blog</a></p></li><li><p><strong>Jonathan Eade </strong>&#127468;&#127463; Consultant Investment Manager, Family Office &#127465;&#127466;&nbsp; <a href="https://de.linkedin.com/in/jonathaneade">LinkedIn</a></p></li><li><p><strong>Pierre Entremont </strong>&#127467;&#127479; Co-Founder and Partner, Frst, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/pierreentremont/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/pentremont?lang=en">Twitter</a> | <a href="https://medium.com/@pentremont">Blog</a></p></li><li><p><strong>Brent Hoberman </strong>&#127487;&#127462;&#127468;&#127463; Co-Founder &amp; General Partner, First Minute Capital, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/brenthoberman">LinkedIn</a> |&nbsp;<a href="https://twitter.com/brenthoberman">Twitter</a></p></li><li><p><strong>Saul Klein</strong> &#127487;&#127462;&#127468;&#127463;Co-Founder, LocalGlobe, London &#127468;&#127463; <a href="https://www.linkedin.com/in/saulklein/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/cape">Twitter</a> | <a href="https://medium.com/@cape">Blog</a></p></li><li><p><strong>Luciana Lixandru </strong>&#127479;&#127476; Partner, Sequoia Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/luciana-lixandru-11042875/">LinkedIn</a> | <a href="https://twitter.com/LucianaLix/">Twitter</a></p></li><li><p><strong>Seth Pierrepont</strong> &#127468;&#127463; Partner, Accel, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/sethpierrepont">LinkedIn</a> |&nbsp;<a href="https://twitter.com/slpierre?lang=fr">Twitter</a></p></li><li><p><strong>Carmen Alfonso Rico</strong> &#127466;&#127480; Partner, Blossom Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/calfonsorico/">LinkedIn</a> | <a href="https://twitter.com/calfonsorico">Twitter</a> | <a href="https://medium.com/@carmenrico">Blog</a></p></li><li><p><strong>George Robson </strong>&#127468;&#127463; Partner, Sequoia Capital, London &#127468;&#127463; <a href="https://twitter.com/_georgerobson?lang=fr">Twitter</a></p></li><li><p><strong>Lily Shaw</strong> &#127468;&#127463; Associate Investor, OMERS Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/lily-shaw-59096975/">LinkedIn</a> | <a href="https://nitter.himiko.cloud/lilymshaw">Twitter</a></p></li><li><p><strong>Konstantin Siniushin</strong> &#127473;&#127483; Managing Partner, The Untitled Ventures, Riga, &#127473;&#127483; <a href="https://www.linkedin.com/in/konstantin-siniushin-94689538/?originalSubdomain=lv">LinkedIn</a></p></li><li><p><strong>Christian Walter </strong>&#127465;&#127466; Founding Partner, SDGx, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/chrwalter/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/ridla_hh?lang=en">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Entrepreneurship Without Capital. Scaling Deep Tech. Outstanding Experiences. Business Plans.]]></title><description><![CDATA[Capital Call #47]]></description><link>https://www.capitalcall.co/p/european-vc-digest-entrepreneurship</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-entrepreneurship</guid><pubDate>Thu, 03 Jun 2021 04:00:36 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!BkDH!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!BkDH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!BkDH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!BkDH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!BkDH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!BkDH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!BkDH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!BkDH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!BkDH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!BkDH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F446de6ad-fd1a-45d8-bf4a-fd6adaa75f5a_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!sKUC!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!sKUC!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!sKUC!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!sKUC!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!sKUC!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!sKUC!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/a4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!sKUC!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!sKUC!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!sKUC!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!sKUC!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa4f7f25e-4d07-4a18-ad78-2764e333d5c2_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Oussama Ammar &#127467;&#127479;&#127473;&#127463; </strong>of The Family writes about the unprecedented possibility of being an entrepreneur without having any capital: <a href="https://thefamily.substack.com/p/whats-changed-in-entrepreneurship">What's changed in entrepreneurship?</a></p><p><strong>Ruth Foxe Blader</strong> &#127482;&#127480; of Anthemis thinks that brokers need new tools to do their jobs within today&#8217;s supply chains: <a href="https://medium.com/anthemis-insights/why-we-re-invested-axle-bd3887febf66">Why We (Re-)Invested: Axle.</a></p><p><strong>Willy Braun</strong> &#127467;&#127479; of Galion.exe shares a key insight: branding is about finding one&#8217;s style. Read it all in <a href="https://medium.com/gaia-voice/the-most-common-branding-mistakes-4258110fd2be">The Most Common Branding Mistakes</a>.&nbsp;</p><p><strong>Zo&#235; Chambers</strong> &#127468;&#127463; of Octopus Ventures discusses a key difference between software startups and deep tech startups&#8212;they don&#8217;t scale the same way: <a href="https://sifted.eu/articles/scale-deeptech-company/">How to scale a deeptech company</a>.</p><p><strong>Sebasti&#225;n Fern&#225;ndez-Medrano</strong> &#127466;&#127480; of Samaipata and Kintxo Cort&#233;s of Shopify Spain remind us that a startup growing is not as easy at it sounds: <a href="https://medium.com/samaipata-ventures/startup-growth-pains-what-are-they-and-how-to-navigate-through-them-with-the-great-kintxo-cort%C3%A9s-ee4443f0c1c4">Startup Growth Pains: what are they and how to navigate through them (with the great Kintxo Cort&#233;s!)</a>.</p><p><strong>Karolina Kukielka</strong> &#127468;&#127463; of InReach Ventures is looking at the best frameworks to build customer personas: <a href="https://medium.com/entrepreneurship-at-work/ideal-customer-profile-made-easy-77d0dc24eaff">Ideal Customer Profile made easy.</a></p><p><strong>Sandra Malmberg</strong> &#127480;&#127466; of EQT Ventures is interested in new tools to create outstanding experiences on the web: <a href="https://medium.com/eqtventures/on-eqt-ventures-in-vev-where-professionals-co-create-web-experiences-with-creative-and-technical-6f8e7180fb2a">On EQT Ventures&#8217; investment in Vev, where professionals co-create web experiences with creative &amp; technical freedom</a>.</p><p><strong>Rob Moffat</strong> &#127468;&#127463; of Balderton writes about the new frontier in fintech: enterprise software. Read it all in <em>Sifted</em>: <a href="https://sifted.eu/articles/fintech-enterprise-software/">No more banking apps, fintech needs enterprise software</a>.</p><p><strong>Alex Reed</strong> &#127468;&#127463; of Mountside Ventures compiled a useful list of advice for founders raising money from venture capitalists: <a href="https://www.linkedin.com/pulse/how-create-pitch-deck-vcs-alex-reed/">How to create a pitch deck for VCs &#9989;</a></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!2Y7J!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!2Y7J!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!2Y7J!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!2Y7J!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!2Y7J!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!2Y7J!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!2Y7J!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!2Y7J!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!2Y7J!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!2Y7J!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad6db9e-0a63-4a53-bd45-bd653b8cbcec_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Laura Lenz</strong> &#127464;&#127462; and <strong>Jenny do Forno</strong> &#127464;&#127462; of Omers Ventures dive into some of the most common talent questions coming from founders: <a href="https://medium.com/omers-ventures/the-talent-question-how-to-think-about-building-and-hiring-in-early-growth-stage-businesses-1771b17fb49b">How to think about building and hiring in early growth-stage businesses</a>.</p><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; of Northzone was on Slush&#8217;s podcast to talk about Web 3.0 and closing down the event series of podcasts this year: <a href="https://open.spotify.com/episode/1p9IYueBe6FYjUQKE174z3?si=Q7PMH_MiT_aM6A3__n0E-g&amp;nd=1">Web 3.0, Decentralization &amp; Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Q8I7!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F036e8b5f-f59e-4236-b292-c34cf284e0df_1600x107.png" data-component-name="Image2ToDOM"><div 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data-attrs="{&quot;url&quot;:&quot;https://twitter.com/axeliaklein/status/1399662774825930753?s=20&quot;,&quot;full_text&quot;:&quot;Why are early stage VCs sometimes asking for financial plan for the coming 12-36 months? \n\n(SPOILER: It is not because we want to know the numbers)&quot;,&quot;username&quot;:&quot;axeliaklein&quot;,&quot;name&quot;:&quot;Beata Klein&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Tue Jun 01 09:43:04 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:9,&quot;like_count&quot;:47,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!XWkB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!XWkB!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!XWkB!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png 848w, 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data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!XWkB!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!XWkB!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!XWkB!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!XWkB!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6b0bce1e-df87-4806-978f-da847903c0cc_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Oussama Ammar </strong>&#127467;&#127479;&#127473;&#127463; Co-Founder &amp; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/oussamaammar/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/daedalium?lang=en">Twitter</a> |&nbsp;<a href="https://medium.com/@daedalium">Blog</a></p></li><li><p><strong>Willy Braun </strong>&#127467;&#127479; Operating Partner, Gaia Capital Partners &amp; founder .exe, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/willybraun/">LinkedIn</a> | <a href="https://twitter.com/WillyBraun">Twitter</a> | <a href="https://medium.com/@willybraun">Blog</a></p></li><li><p><strong>Zo&#235; Chambers &#127468;&#127463;</strong>Principal, Octopus Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/zoe-chambers-52a85b20/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/_zoe_chambers?lang=en">Twitter</a></p></li><li><p><strong>Sebasti&#225;n Fern&#225;ndez-Medrano </strong>&#127466;&#127480; Principal, Samaipata, Madrid &#127466;&#127480; <a href="https://es.linkedin.com/in/sebastianfernandezmedrano">LinkedIn</a> | <a href="https://twitter.com/splento/status/1012305864974327809">Twitter&nbsp;</a></p></li><li><p><strong>Jenny Do Forno </strong>&#127464;&#127462; Talent Director, Omers Ventures, Toronto &#127464;&#127462; &nbsp; <a href="https://ca.linkedin.com/in/jennydoforno">LinkedIn</a> | <a href="https://twitter.com/jennydoforno?lang=fr">Twitter</a></p></li><li><p><strong>Ruth Foxe Blader</strong> &#127482;&#127480; Partner, Anthemis, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ruthblader/">LinkedIn</a> | <a href="https://twitter.com/Foxe_News">Twitter</a> | <a href="https://medium.com/@foxenews">Blog</a></p></li><li><p><strong>Beata Klein</strong> &#127480;&#127466; Associate, Creandum, Stockholm &#127480;&#127466; <a href="https://www.linkedin.com/in/beata-klein-090982a2/?originalSubdomain=se">LinkedIn</a> | <a href="https://twitter.com/axeliaklein">Twitter</a> | <a href="https://blog.creandum.com/@beata_66804">Blog</a></p></li><li><p><strong>Karolina Kukielka </strong>&#127468;&#127463; Investor, InReach Ventures, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/kkukielka">LinkedIn</a> | <a href="https://twitter.com/karolina_k">Twitter</a> | <a href="https://medium.com/entrepreneurship-at-work/how-to-be-an-exceptional-ceo-268d284fdec0">Blog</a></p></li><li><p><strong>Laura Lenz </strong>&#127464;&#127462; Partner, Omers Ventures, Toronto &#127464;&#127462; &nbsp; <a href="https://ca.linkedin.com/in/laura-lenz-241b6">LinkedIn</a> | <a href="https://twitter.com/lauralenz?lang=fr">Twitter</a></p></li><li><p><strong>Sandra Malmberg</strong> &#127480;&#127466; Venture Lead, EQT Ventures, Stockholm &#127480;&#127466; <a href="https://se.linkedin.com/in/sandramalmberg">LinkedIn</a> | <a href="https://twitter.com/sandraemalmberg?lang=fr">Twitter</a></p></li><li><p><strong>Rob Moffat </strong>&#127468;&#127463; Partner, Balderton, London &#127468;&#127463; <a href="https://www.linkedin.com/in/robmoff/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/robmoff">Twitter</a> | <a href="https://robmoff.medium.com/">Blog</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li><li><p><strong>Alex Reed</strong> &#127468;&#127463;Founding Partner, Mountside Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ajc-reed/">LinkedIn</a> | <a href="https://twitter.com/ajc_reed">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Angel(s) In Europe. Tigers In Town. Becoming A VC. New Fund.]]></title><description><![CDATA[Capital Call #46]]></description><link>https://www.capitalcall.co/p/european-vc-digest-angels-in-europe</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-angels-in-europe</guid><pubDate>Thu, 27 May 2021 04:00:51 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!_J61!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_J61!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!_J61!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!_J61!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!_J61!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!_J61!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!_J61!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!_J61!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!_J61!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!_J61!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F91160af2-4f7f-4c09-82b0-10cf5eb56d57_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!LkH0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!LkH0!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!LkH0!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!LkH0!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!LkH0!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!LkH0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/e295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!LkH0!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!LkH0!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!LkH0!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!LkH0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe295e837-eb52-42cc-81b1-8b01cebb80ca_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Nicolas Colin </strong>&#127467;&#127479; of The Family (and co-host of <em>Capital Call</em>) writes about Tiger Global making deals in Europe, and what it reveals about the future of VC on the continent: <a href="https://sifted.eu/articles/tiger-global-europe-vc/">Tiger Global: what happens when 'normal' returns?</a></p><p><strong>Balthazar de Lavergne</strong> &#127467;&#127479; of The Family reminds founders that they should keep their employees in mind as they raise funds: <a href="https://thefamily.substack.com/p/employee-friendly-fundraising">Employee-friendly fundraising</a>.</p><p><strong>Pauliina Martikainen</strong> &#127467;&#127470; of Maki.vc shares the latest data and insights about the state of femtech in Europe: <a href="https://maki.vc/insights/femtech-trends-to-watch-in-2021">Femtech trends to watch in 2021</a>.</p><p><strong>Chirag Modi &#127468;&#127463;</strong> of Lakestar writes about Allegro, a recently listed Polish e-commerce company with a $16B market cap: <a href="https://modi.substack.com/p/allegro-q1-21-earnings-breakdown">ALLEGRO - Q1-21 Earnings Breakdown</a>.</p><p><strong>Ricardo Sequerra Amram</strong> &#127477;&#127481; of Point Nine Capital writes that it&#8217;s high time we modernize payroll management: <a href="https://medium.com/point-nine-news/running-payroll-like-its-2021-b68f774105eb">Running payroll like it's 2021. Our investment in Pento.</a></p><p><strong>Peter Specht</strong> &#127465;&#127466; of Creandum takes a closer look at the Spanish startup scene: <a href="https://blog.creandum.com/looking-at-the-spanish-tech-ecosystem-from-an-international-perspective-in-2021-fe0fdc23bc74">Looking at the Spanish tech ecosystem from an international perspective in 2021 &#127466;&#127480; &#127757;</a>.</p><p><strong>Iulia Tudor &#127479;&#127476;</strong> of Ascension Ventures writes about her professional journey and how startups can make the world more fair: <a href="https://julsica.medium.com/running-to-new-heights-df972327a47d">Running to new heights</a>.</p><p><strong>Eze Vidra</strong> &#127462;&#127479;&#127470;&#127473;&#127468;&#127463; of Remagine Ventures, quoting Tal Ben-Shahar, reminds us that the foreplay is at least as important as the action: <a href="https://www.vccafe.com/2021/05/20/the-lovemaking-model-for-happiness/">The "Lovemaking Model" for Happiness</a>.</p><ul><li><p><strong>Also by Eze</strong>, check out <a href="https://www.vccafe.com/2021/05/21/the-stoic-resilience-of-israels-tech-ecosystem-welcome-to-the-middle-east/">The stoic resilience of Israel's Tech Ecosystem - Welcome to the Middle East</a>.</p></li></ul><p><strong>Dario de Wet </strong>&#127487;&#127462; of Anthemis writes about startups whose aim is to allow users to monetize their own data: <a href="https://medium.com/anthemis-insights/the-data-dichotomy-control-compensation-and-the-gen-z-opportunity-a5199f306677">The Data Dichotomy: Control, Compensation and the Gen-Z Opportunity</a></p><p><strong>Valerie Wiederkehr-Prundianu </strong>&#127462;&#127481; of Speedinvest acknowledges that the switch to remote working has brought about a lot of stress. Fortunately, there are solutions: <a href="https://www.speedinvest.com/blog/lets-talk-about-stress">Let's Talk About Stress</a>.</p><p><strong>Ana Wolsztajn </strong>&#127477;&#127473;&#127464;&#127487; of Kaya VC is looking back at her first months since joining the VC ecosystem and her hybrid role, from brand development to sourcing and investing: <a href="https://anawolsztajn.medium.com/things-about-being-a-vc-i-wish-i-knew-2-years-ago-part-i-7be2cfc32843">Things about being a VC I wish I knew 2 years ago</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ehDd!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ehDd!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!ehDd!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!ehDd!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!ehDd!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ehDd!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ehDd!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!ehDd!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!ehDd!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!ehDd!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0ab6d4f2-5497-45b3-b9c6-e2c7d94454f8_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Tom Blomfield &#127468;&#127463;</strong>, formerly CEO at Monzo, talks about his new focus on angel investing in <em>Sifted</em>: <a href="https://sifted.eu/articles/tom-blomfield-angel-investing/">Tom Blomfield turns to angel investing, making fourth bet this year</a>.</p><p><strong>Robert Lacher &#127465;&#127466;</strong> of the Berlin-based Visionaries Club talks about closing two new funds focused on seed and Series B, respectively: <a href="https://sifted.eu/articles/visionaries-club-closes-fund/">Berlin Visionaries Club closes two $85m funds</a>.</p><p><strong>Fred Lardieg &#127468;&#127463;</strong> of Mubadala Ventures Europe is bullish about the future of our ecosystem in this Tech.eu podcast: <a href="https://tech.eu/news/tech-eu-podcast-were-in-the-golden-age-of-tech-in-europe-fred-lardieg-mubadala-ventures-europe/">&#8220;We&#8217;re in the Golden Age of tech in Europe&#8221;</a>.</p><p><strong>P&#228;r-Jorgen P&#228;rson &#127480;&#127466;</strong> of Northzone talks about Tiger&#8217;s partnership with early stage investors in Europe as the ecosystem heats up: <a href="https://sifted.eu/articles/tiger-global">Tiger Global has invested in 16 European startups worth &#8364;70bn this year</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!2WCL!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!2WCL!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!2WCL!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!2WCL!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!2WCL!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!2WCL!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!2WCL!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!2WCL!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!2WCL!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!2WCL!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F5a2ef05d-1259-43e0-86c1-a835b7c2d8c4_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/nathanbenaich/status/1396522031764606979?s=20&quot;,&quot;full_text&quot;:&quot;2 weeks ago I published a 500-word oped in the <span class=\&quot;tweet-fake-link\&quot;>@FT</span> about why our spinout playbook is counterproductive to progress. \n\nI've now published my 6,000 word unfiltered internal version for those of you who want to dive further into this wormhole. \n\nEnjoy &#129299; <a class=\&quot;tweet-url\&quot; href=\&quot;https://airstreet.com/blog/spinouts\&quot;>airstreet.com/blog/spinouts</a>&quot;,&quot;username&quot;:&quot;nathanbenaich&quot;,&quot;name&quot;:&quot;Nathan Benaich&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Sun May 23 17:42:53 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:27,&quot;like_count&quot;:91,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{&quot;url&quot;:&quot;https://airstreet.com/blog/spinouts&quot;,&quot;image&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9511e45f-62fe-47d0-bdd4-fdbe6cb99107_1750x976.png&quot;,&quot;title&quot;:&quot;Rewriting the European spinout playbook&quot;,&quot;description&quot;:&quot;Nathan Benaich is the Founder of Air Street Capital, a venture capital firm investing in startups using artificial intelligence to build products for consumers and enterprises&quot;,&quot;domain&quot;:&quot;airstreet.com&quot;},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/nathanbenaich/status/1395417457951711239?s=20&quot;,&quot;full_text&quot;:&quot;&#127775; <span class=\&quot;tweet-fake-link\&quot;>@airstreet</span> update! 6 months after public launch our $17M Fund has upscaled to $26M!\n\nThe market to build AI-first tech and life science companies to solve huge global challenges is massive. \n\nOur largest investor is <span class=\&quot;tweet-fake-link\&quot;>@PrimaMateria_</span> led by <span class=\&quot;tweet-fake-link\&quot;>@shak</span> <span class=\&quot;tweet-fake-link\&quot;>@eldsjal</span> <span class=\&quot;tweet-fake-link\&quot;>@brettbivens</span>! Thread &#128317; &quot;,&quot;username&quot;:&quot;nathanbenaich&quot;,&quot;name&quot;:&quot;Nathan Benaich&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Thu May 20 16:33:42 +0000 2021&quot;,&quot;photos&quot;:[{&quot;img_url&quot;:&quot;https://pbs.substack.com/media/E112Ol9WUAARpVO.jpg&quot;,&quot;link_url&quot;:&quot;https://t.co/iZhcdxeztw&quot;,&quot;alt_text&quot;:null}],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:16,&quot;like_count&quot;:249,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/sharmadeanreid/status/1396950289949806597&quot;,&quot;full_text&quot;:&quot;Watching Dragons Den for the first time in ages and twice women entrepreneurs have been told they &#8220;have no commercial sense.&#8221; Has anyone done any stats on the amount of male teams vs female teams who have raised and also the language and tone used in the pitches? &quot;,&quot;username&quot;:&quot;sharmadeanreid&quot;,&quot;name&quot;:&quot;Sharmadean Reid&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Mon May 24 22:04:37 +0000 2021&quot;,&quot;photos&quot;:[{&quot;img_url&quot;:&quot;https://cdn.substack.com/image/upload/w_728,c_limit/l_twitter_play_button_rvaygk,w_120/agyorc7bte2sfkou8vzx&quot;,&quot;link_url&quot;:&quot;https://t.co/3I21tjCMog&quot;,&quot;alt_text&quot;:null}],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:8,&quot;like_count&quot;:44,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!q3hZ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!q3hZ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!q3hZ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!q3hZ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!q3hZ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!q3hZ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!q3hZ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!q3hZ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!q3hZ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!q3hZ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6d0810e6-f019-4fa2-91b3-b1f75aed4e8f_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Nathan Benaich </strong>&#127468;&#127463; General Partner, Air Street Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nathanbenaich/">LinkedIn</a> | <a href="https://twitter.com/NathanBenaich">Twitter</a> | <a href="http://newsletter.airstreet.com/">Blog</a></p></li><li><p><strong>Tom Blomfield </strong>&#127468;&#127463; Angel Investor, London &#127468;&#127463;&nbsp; <a href="https://uk.linkedin.com/in/tomblomfield">LinkedIn</a> | <a href="https://twitter.com/t_blom">Twitter</a> | <a href="https://tomblomfield.com/">Blog</a></p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Balthazar de Lavergne</strong> &#127467;&#127479; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/balthazardelavergne/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/baltdelavergne?lang=en">Twitter</a> | <a href="https://thefamily.substack.com/people/1247639-balthazar">Blog</a></p></li><li><p><strong>Dario de Wet</strong> &#127487;&#127462; Early-Stage Investor, Anthemis, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/dariodewet">LinkedIn </a>| <a href="https://twitter.com/dario_dewet?lang=fr">Twitter</a> | <a href="https://medium.com/@dario.dewet">Blog</a></p></li><li><p><strong>Frederic Lardieg</strong> &#127468;&#127463; Partner, Mubadala Ventures Europe, London &#127468;&#127463;&nbsp; <a href="https://uk.linkedin.com/in/fredericlardieg">LinkedIn</a> | <a href="https://twitter.com/fredlardieg?lang=fr">Twitter</a></p></li><li><p><strong>Pauliina Martikainen </strong>&#127467;&#127470; Investment Director, Maki.vc, Helsinki &#127467;&#127470; <a href="https://www.linkedin.com/in/pauliina-martikainen/?originalSubdomain=fi">LinkedIn</a> | <a href="https://twitter.com/pauliinamar">Twitter</a> | <a href="https://medium.com/@pauliinamartikainen">Blog</a></p></li><li><p><strong>Chirag Modi</strong> &#127468;&#127463; Investment Associate, Lakestar, London &#127468;&#127463; <a href="https://www.linkedin.com/in/chiragmodi1/">LinkedIn</a> | <a href="https://twitter.com/modic123">Twitter</a> | <a href="https://modi.substack.com/">Blog</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson </strong>&#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li><li><p><strong>Sharmadean Reid</strong> &#127468;&#127463; Entrepreneur, London &#127468;&#127463;&nbsp; <a href="https://uk.linkedin.com/in/sharmadeanreid">LinkedIn</a> | <a href="https://twitter.com/sharmadeanreid">Twitter</a></p></li><li><p><strong>Ricardo Sequerra Amram</strong> &#127477;&#127481; Partner, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/ricardosequerra/">LinkedIn</a> | <a href="https://twitter.com/ric0seq">Twitter</a> | <a href="https://medium.com/@ric0seq">Blog</a></p></li><li><p><strong>Peter Specht </strong>&#127465;&#127466;Principal, Creandum, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/pspecht/">LinkedIn</a> | <a href="https://twitter.com/specht_p">Twitter</a></p></li><li><p><strong>Iulia Tudor</strong> &#127468;&#127463; Portfolio Manager, Ascension Ventures, London &#127468;&#127463;&nbsp; <a href="https://uk.linkedin.com/in/iuliatudor">LinkedIn</a> | <a href="https://twitter.com/julsica">Twitter</a></p></li><li><p><strong>Eze Vidra </strong>&#127462;&#127479;&#127470;&#127473;&#127468;&#127463; Managing Partner, Remagine Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ezevidra/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/ediggs">Twitter</a> | <a href="https://www.vccafe.com/">Blog</a></p></li><li><p><strong>Valerie Wiederkehr-Prundianu </strong>&#127462;&#127481; People Manager , Speedinvest, Vienna &#127462;&#127481; <a href="https://at.linkedin.com/in/valeriewiederkehr">LinkedIn</a></p></li><li><p><strong>Ana Wolsztajn </strong>&#127477;&#127473;&#127464;&#127487; VC Investor and Head of Platform, Kaya VC, Prague &#127464;&#127487; <a href="https://cz.linkedin.com/in/anawolsztajn">LinkedIn</a> | <a href="https://twitter.com/anaulilah?lang=fr">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Female Partners. Parenting & VC. New Faces at Sequoia, Creandum, Accel. Smart Fundraising.]]></title><description><![CDATA[Capital Call #45]]></description><link>https://www.capitalcall.co/p/european-vc-digest-female-partners</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-female-partners</guid><pubDate>Thu, 20 May 2021 04:00:34 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!UeKO!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!UeKO!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!UeKO!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!UeKO!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!UeKO!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!UeKO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!UeKO!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!UeKO!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!UeKO!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!UeKO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F835c60b8-9f3e-4020-878f-d57b0a4b5b44_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; Don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><ul><li><p>By the way, we&#8217;re not the only ones maintaining an up-to-date Twitter list of female European VCs anymore&#8212;<em>Sifted</em> has an impressive list of female VC partners with 100+ great investors on it so far! Check it out <a href="https://twitter.com/i/lists/1394585012939509760">here</a> (and the corresponding article <a href="https://sifted.eu/articles/female-vc-partners-europe-list/">here</a>).</p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!aTV4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!aTV4!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!aTV4!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!aTV4!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!aTV4!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!aTV4!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/e3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!aTV4!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!aTV4!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!aTV4!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!aTV4!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3a024e3-f1f3-4b35-a0ec-b012931b69bb_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family (and co-host of <em>Capital Call</em>) shares 5 tips that have been helping him in his daily work: <a href="https://thefamily.substack.com/p/how-to-be-more-productive">How to be more productive</a>.</p><p><strong>Thibault Elziere &#127463;&#127466;</strong> of eFounders is looking back at 10 years incubating companies, with many successes along the way: <a href="https://blog.efounders.co/efounders-turns-10-7c0e694c69e5">eFounders turns 10 &#127874;</a>.</p><p><strong>Staffan Helgesson</strong> &#127480;&#127466; of Creandum announces the arrival of <strong>Sabina Wizander</strong> &#127480;&#127466; in Stockholm and <strong>Gemma Bloemen</strong> &#127468;&#127463; in London: <a href="https://blog.creandum.com/creandum-expands-its-investment-team-ddb9b6430372">Creandum expands its investment team</a>.</p><ul><li><p>Also check out this <em>Sifted</em> interview, in which <strong>Sabina</strong> chats with Isabel Woodford about her move from operator at Kry to a VC Partner role: <a href="https://sifted.eu/articles/creandum-new-partner-wizander/">Meet Europe's newest female VC partner</a>.</p></li></ul><p><strong>Jeremy Luzinda &#127468;&#127463; </strong>of Haatch is sharing the firm&#8217;s framework for how to pitch investors, including pitch decks from Coinbase and Revolut: <a href="https://jeremyluzinda.medium.com/how-to-pitch-start-up-investors-54a6bfce1b21">How to pitch start-up investors</a>.</p><p><strong>Chirag Modi</strong> &#127468;&#127463; of Lakestar shares another deep dive into a prominent European tech company: <a href="https://modi.substack.com/p/softbanks-2bn-investment-in-the-hut">SoftBank's $2bn+ Investment in The Hut Group ("THG")</a>.</p><p><strong>Andre Retterath &#127465;&#127466; </strong>of Earlybird dissects the firm&#8217;s investment in Thinking and their NLP market deep dive: <a href="https://medium.com/birds-view/the-swiss-army-knife-of-document-processing-why-we-invested-in-thingsthinking-57a81aba9c5b">The &#8220;Swiss Army Knife&#8221; of Document Processing</a>.</p><p><strong>Eze Vidra </strong>&#127462;&#127479;&#127470;&#127473;&#127468;&#127463; of Remagine Ventures comes back to a classic of VC writing for founders: <a href="https://www.vccafe.com/2021/05/17/raising-money-smartly/">Raising Money Smartly</a>.</p><p><strong>Check Warner &#127468;&#127463; </strong>of Ada Ventures shares her personal journey about wanting to be a parent when working as a female VC partner: <a href="https://checkwarner.medium.com/parenthood-venture-capital-2803109c350">Parenthood &amp; Venture Capital</a>.</p><ul><li><p>Also check out this article by Amy Lewin in <em>Sifted</em>, where <strong>Check</strong> is quoted alongside <strong>Mads Jensen</strong> &#127465;&#127472; of Superseed, <strong>Meg Karidis</strong> &#127468;&#127479; of Crowdcube, <strong>Carolina K&#252;ng</strong> &#127468;&#127463; of Frontline Ventures, and <strong>Reshma Sohoni</strong> &#127470;&#127475;&#127482;&#127480; of Seedcamp: <a href="https://sifted.eu/articles/vc-parental-leave/">What happens when a VC goes on parental leave?</a></p></li></ul><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Y4ZP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!Y4ZP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F6e854add-c7d9-49f5-b0bf-686a2c2f01a5_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Mehdi Benjelloun </strong>&#127474;&#127462; of Heartcore Capital interviews <strong>Pietro Invernizzi</strong> &#127470;&#127481; of Stride VC about his journey into venture capital: <a href="https://open.spotify.com/episode/2EAvUIhunsjSTcuBnAfLKv?si=t0YLk7nbSiq4_HjWKS-e9w&amp;nd=1">The kings of pre-seed</a>.&nbsp;</p><p><strong>Luca Bocchio</strong> &#127470;&#127481;&#127468;&#127463; and <strong>Andrei Brasoveanu</strong> &#127468;&#127463; of Accel share with <em>Sifted</em> the firm&#8217;s scout list, with many operators from their previously funded portfolio companies: <a href="https://sifted.eu/articles/accel-scouts-europe/">Accel launches a scout programme in Europe</a>.</p><p><strong>P&#228;r-J&#246;rgen P&#228;rson &#127480;&#127466; </strong>of Northzone shares some insights with McKinsey on venture capital returns and models: <a href="https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/global-vc-view-funding-startups-in-the-next-normal">Startup funding in the next normal</a>.</p><p><strong>Russ Shaw &#127468;&#127463;</strong>, an angel investor and founder of London Tech Week, comments in <em>City AM</em> about <a href="https://www.cityam.com/uk-tech-industry-grows-tenfold-in-last-decade-as-london-leads-europe/">London keeping its leader status in Europe: UK tech industry grows tenfold in last decade as London leads Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!zrWi!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!zrWi!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!zrWi!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!zrWi!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!zrWi!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!zrWi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!zrWi!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!zrWi!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!zrWi!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!zrWi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9540e05b-53b0-43d3-9c50-0feb1b412154_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/biad_anas/status/1394260129210589189&quot;,&quot;full_text&quot;:&quot;After spending two wonderful years at Silver Lake, I'm happy to share that I'm joining <span class=\&quot;tweet-fake-link\&quot;>@sequoia</span> as a Partner. I&#8217;m incredibly excited to work with the team to support exceptional founders across Europe, in their journey to building legendary companies from the ground up.&quot;,&quot;username&quot;:&quot;biad_anas&quot;,&quot;name&quot;:&quot;Anas Biad&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Mon May 17 11:54:53 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:5,&quot;like_count&quot;:470,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/fdestin/status/1394942953353891841?s=20&quot;,&quot;full_text&quot;:&quot;1/ Three fundraising facts founders do well to remember\n&#128071;&quot;,&quot;username&quot;:&quot;fdestin&quot;,&quot;name&quot;:&quot;Fred Destin&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Wed May 19 09:08:11 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:8,&quot;like_count&quot;:36,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/SamEttelaie/status/1392832365853020160?s=20&quot;,&quot;full_text&quot;:&quot;1/ As it approaches my fifth year as an LP, with most of that time spent supporting first time &amp;amp; emerging fund managers via the ECF programme, I looked into the most common reasons why I didn&#8217;t progress with VC proposals &#128071; <span class=\&quot;tweet-fake-link\&quot;>#VentureCapital</span>&quot;,&quot;username&quot;:&quot;SamEttelaie&quot;,&quot;name&quot;:&quot;Sam Ettelaie&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Thu May 13 13:21:28 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:17,&quot;like_count&quot;:106,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!C8IE!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!C8IE!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!C8IE!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!C8IE!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!C8IE!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!C8IE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!C8IE!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!C8IE!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!C8IE!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!C8IE!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F85bd045c-3cea-4fed-9799-2922c0a86215_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Mehdi Benjelloun </strong>&#127474;&#127462; Analyst, HeartCore Capital, Paris &#127467;&#127479;&nbsp; <a href="https://fr.linkedin.com/in/mehdibnjln">Linkedin</a>|<a href="https://twitter.com/mehdibnjln?lang=fr">Twitter</a></p></li><li><p><strong>Anas Biad</strong> &#127467;&#127479; Partner, Sequoia Capital, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/anas-biad-94742684">LinkedIn</a> | <a href="https://twitter.com/biad_anas">Twitter</a></p></li><li><p><strong>Gemma Bloemen </strong>&#127468;&#127463; Principal, Creandum, London&#127468;&#127463; <a href="https://uk.linkedin.com/in/gemmabloemen">LinkedIn</a>&nbsp;|<a href="https://twitter.com/gemmabloemen?lang=fr">Twitter</a></p></li><li><p><strong>Lucca Bocchio </strong>&#127470;&#127481;&#127468;&#127463; Partner, Accel, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/luca-bocchio-0247a621">LinkedIn</a> | <a href="https://twitter.com/luca_bocchio">Twitter</a></p></li><li><p><strong>Andrei Brasoveanu </strong>&#127468;&#127463; Partner, Accel, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/andreibrasoveanu">LinkedIn</a> | <a href="https://twitter.com/algovc">Twitter</a></p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Fred Destin</strong> &#127463;&#127466; Founder, Stride.VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/freddestin/">LinkedIn</a> | <a href="https://twitter.com/fdestin">Twitter</a> |<a href="https://medium.com/@fdestin"> Blog</a></p></li><li><p><strong>Thibaud Elziere</strong> &#127463;&#127466; Founder, eFounders, Paris &#127467;&#127479; <a href="https://be.linkedin.com/in/thibaud-elziere-a787913">LinkedIn</a> | <a href="https://twitter.com/tiboel?lang=en">Twitter</a> | <a href="https://medium.com/@tiboel">Blog</a></p></li><li><p><strong>Sam Ettelaie </strong>&#127468;&#127463; VC Senior Investment Manager, British Business Bank, Sheffield &#127468;&#127463; <a href="https://uk.linkedin.com/in/samettelaie">LinkedIn</a> | <a href="https://twitter.com/samettelaie?lang=fr">Twitter</a></p></li><li><p><strong>Staffan Helgesson</strong> &#127480;&#127466; General Partner, Creandum, Stockholm &#127480;&#127466; <a href="https://se.linkedin.com/in/staffanhelgesson">LinkedIn</a> | <a href="https://twitter.com/shelgesson?lang=fr">Twitter</a></p></li><li><p><strong>Pietro Invernizzi</strong> &#127470;&#127481; First-Cheque Investor, Stride VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/pietro-invernizzi/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/pinverrr">Twitter</a> |&nbsp;<a href="https://medium.com/@Pinver">Blog</a></p></li><li><p><strong>Mads Jensen </strong>&#127465;&#127472;&nbsp; Managing Partner, Superseed, London&#127468;&#127463; <a href="https://uk.linkedin.com/in/madsjensen">LinkedIn</a> |&nbsp; <a href="https://twitter.com/madsnjensen?lang=fr">Twitter</a></p></li><li><p><strong>Meg Karidis </strong>&#127468;&#127479; Senior Commercial Manager, Crowdcube, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/megkaridis">LinkedIn</a> | <a href="https://twitter.com/megkaridis?lang=fr">Twitter</a> | <a href="https://megkaridis.medium.com/">Blog</a></p></li><li><p><strong>Carolina K&#252;ng </strong>&#127468;&#127463; Head of Platform, Frontline Ventures, London &#127468;&#127463;&nbsp; <a href="https://uk.linkedin.com/in/carolina-k%C3%BCng-128a8538">LinkedIn</a> | <a href="https://twitter.com/clkung?lang=fr">Twitter</a></p></li><li><p><strong>Jeremy Luzinda </strong>&#127468;&#127463; Investor, Haatch, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/jeremy-luzinda-b65238b6">LinkedIn</a> | <a href="https://twitter.com/jeremyluzinda">Twitter</a></p></li><li><p><strong>Chirag Modi</strong> &#127468;&#127463; Investment Associate, Lakestar, London &#127468;&#127463; <a href="https://www.linkedin.com/in/chiragmodi1/">LinkedIn</a> | <a href="https://twitter.com/modic123">Twitter</a> | <a href="https://modi.substack.com/">Blog</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson </strong>&#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li><li><p><strong>Andre Retterath</strong> &#127465;&#127466; Principal, Earlybird Venture Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/andreretterath/?originalSubdomain=de">LinkedIn</a> | <a href="https://twitter.com/andreretterath?lang=en">Twitter</a> | <a href="https://medium.com/@andreretterath">Blog</a></p></li><li><p><strong>Russ Shaw </strong>&#127468;&#127463; Angel Investor, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/russ-shaw?trk=author_mini-profile_title">LinkedIn</a></p></li><li><p><strong>Reshma Sohoni </strong>&#127470;&#127475;&#127482;&#127480; Founding Partner, Seedcamp, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/reshmasohoni">LinkedIn</a> | <a href="https://twitter.com/rsohoni?lang=en">Twitter</a> | <a href="https://seedcamp.com/team/reshmasohoni/">Blog</a></p></li></ul><ul><li><p><strong>Eze Vidra</strong> &#127462;&#127479;&#127470;&#127473;&#127468;&#127463; Managing Partner, Remagine Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ezevidra/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/ediggs">Twitter</a> | <a href="https://www.vccafe.com/">Blog</a></p></li><li><p><strong>Check Warner</strong> &#127468;&#127463; Partner, Ada Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/francescawarner/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/checkwarner">Twitter</a> | <a href="https://medium.com/@checkwarner">Blog</a></p></li><li><p><strong>Sabina Wizander </strong>&#127480;&#127466; Partner, Creandum, Stockholm &#127480;&#127466;&nbsp; <a href="https://fr.linkedin.com/in/sabinawizander">LinkedIn</a>&nbsp; | <a href="https://twitter.com/sabinawizander?lang=fr">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Revenue. University Spinouts. Productivity Stack. Consumer Tech Wiki.]]></title><description><![CDATA[Capital Call #44]]></description><link>https://www.capitalcall.co/p/european-vc-digest-revenue-university</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-revenue-university</guid><pubDate>Thu, 13 May 2021 04:00:04 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!OdOp!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!OdOp!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!OdOp!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!OdOp!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!OdOp!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!OdOp!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!OdOp!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!OdOp!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!OdOp!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!OdOp!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd312def6-a44f-4541-bf98-2a5860c4a2fd_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!T9bS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!T9bS!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!T9bS!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!T9bS!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!T9bS!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!T9bS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!T9bS!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!T9bS!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!T9bS!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!T9bS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9221eca9-14a3-451d-8c42-3175437c6fe2_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Roberto Bonanzinga </strong>&#127468;&#127463;of InReach Ventures is breaking some myths around revenues, including KPIs that we should closely look at: <a href="https://medium.com/entrepreneurship-at-work/revenues-or-no-revenues-this-is-the-question-a2dfaa29d6a5">Revenues or No Revenues? This Is The Question</a>.</p><p><strong>Nicolas Colin </strong>&#127467;&#127479; of The Family details the Stanford model for spinning out startups and suggests that European universities take note: <a href="https://sifted.eu/articles/universities-startup-spinouts/">Universities should serve startups, not the other way around</a>.</p><ul><li><p>It&#8217;s building on <strong>Nathan Benaich</strong> &#127468;&#127463; of Air Street Capital&#8217;s recent op-ed in the <em>Financial Times</em>, <a href="https://www.ft.com/content/fd038300-f09a-4afc-9f7d-c0e3d6965243">Universities in the UK and Europe have a start-up problem</a> (paywall&#8212;but check out Nathan&#8217;s thread below &#128071;).</p></li><li><p>Also have a look at the new collaborative website by Air Street Capital, Spinout.fyi, <a href="https://www.spinout.fyi/">an open database for university spinouts</a>.&nbsp;&nbsp;</p></li></ul><p><strong>Benedict Evans </strong>&#127468;&#127463;, who&#8217;s with both Mosaic Ventures &amp; Entrepreneur First, writes that Apple&#8217;s App Store has outgrown its initial design: <a href="https://www.ben-evans.com/benedictevans/2021/4/30/resetting-the-app-store">Resetting the App Store</a>.&nbsp;</p><p><strong>Ollie Forsyth</strong> &#127468;&#127463; of Antler has been mapping the creator ecosystem and all products enabling creators to build empires: <a href="https://www.producthunt.com/posts/the-mapping-of-the-creator-economy-2">The Mapping of The Creator Economy</a></p><p><strong>Simon King</strong> &#127468;&#127463; of Octopus Ventures writes about deep tech startups and why investors should look at them from a different angle: <a href="https://sifted.eu/articles/five-questions-investors-deeptech/">The five questions investors need to ask deeptech startups</a>.</p><p><strong>Tilman Langer</strong> &#127465;&#127466; of Point Nine Capital dissects employee equity agreements so that early-stage founders better understand their next round dynamics: <a href="https://medium.com/point-nine-news/esop-the-burden-with-burden-bearing-b275c8224193">ESOP: The burden with &#8220;burden bearing&#8221;</a>.</p><p><strong>Balthazar de Lavergne</strong> &#127467;&#127479; of The Family suggests a company doesn&#8217;t have a strategy if its employees aren&#8217;t saying it while sipping coffee: <a href="https://thefamily.substack.com/p/strategy-comes-out-around-the-coffee">Strategy comes out around the coffee machine.</a></p><p><strong>Chirag Modi</strong> &#127468;&#127463; of Lakestar wants to increase awareness of interesting listed European businesses by writing company deep dives. Here&#8217;s the latest: <a href="https://modi.substack.com/p/teamviewer-q1-21-earnings-breakdown">TeamViewer - Q1 21 Earnings Breakdown</a>.</p><p><strong>Nicolas Rose </strong>&#127467;&#127479; of&nbsp; XAnge looks back at their portfolio company Believe, diving into what made the company succeed over the years:&nbsp; <a href="https://medium.com/xangevc/believe-had-a-vision-xange-backed-it-to-success-a8e2a3e4b94f">Believe had a vision, XAnge backed it to success</a>.</p><p><strong>Alex Reed</strong> &#127468;&#127463; of Mountside Ventures shares useful advice about <a href="https://www.linkedin.com/pulse/how-create-pitch-deck-vcs-alex-reed/">How to create a pitch deck for VCs</a>.</p><p><strong>Peter Specht</strong> &#127465;&#127466; of Creandum looks at the new wave of productivity and the tools being built at the intersection of communication and product efficiency: <a href="https://blog.creandum.com/the-new-wave-of-productivity-f8db35f5b316">The new wave of productivity</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!iacm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!iacm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!iacm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!iacm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!iacm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!iacm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/aedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!iacm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!iacm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!iacm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!iacm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faedde4fb-cfd5-41fd-8c04-f8c0ca9c0c9b_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Marcin Kurek</strong> &#127477;&#127473; of Market One Capital is interviewed by Cobin Angel&#8217;s <strong>Pawe&#322; Michalski </strong>and shares some learnings from investing in early stage companies, and key challenges lying ahead: <a href="https://medium.com/vcleaders/vc-and-the-fomo-1c7203b3f35d">VC and the FOMO</a>.</p><p><strong>John Lindfors</strong> &#127467;&#127470; of DST Global is on the Slush podcast chatting about the current state of things in the entrepreneurial market: <a href="https://www.youtube.com/watch?v=rJpQYLfu7H0">Why is this the best time ever to be an entrepreneur? In Conversation With: John Lindfors</a>.</p><p><strong>Mattias Ljungman</strong> &#127480;&#127466; of Moonfire Ventures just closed his new fund. He shared his views about European tech with <em>Sifted</em>: <a href="https://sifted.eu/articles/moonfire-mattias-ljungman/">Atomico cofounder Ljungman launches Moonfire Ventures</a>.</p><p><strong>Julia Morrongiello &#127464;&#127469; </strong>of Point Nine Capital participated in a recent <em>Sifted</em>-hosted panel discussion about the right SaaS solutions a company should use to scale up: <a href="https://sifted.eu/articles/scale-your-business-using-saas/">Using the best SaaS solutions to scale your business</a>.&nbsp;</p><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; of Northzone shares some anecdotes from the early days of Spotify with Business Insider: <a href="https://www.businessinsider.com/what-led-spotify-success-music-industry-50-billion-valuation-2021-4">5 Breakthroughs That Led to $50 Billion Spotify's Success</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!MCk0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!MCk0!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!MCk0!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!MCk0!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!MCk0!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!MCk0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!MCk0!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!MCk0!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!MCk0!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!MCk0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9a075999-e1b2-4cba-995c-e9834e0966b0_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/nathanbenaich/status/1391822103561834496&quot;,&quot;full_text&quot;:&quot;Today, EU+UK universities have the ingredients to be spinout powerhouses: world-leading research, ambitious academics, and VC funding. \n\nInstead, our unis propagate an unproductive downward spiral of short-termism that hamstrings founders. \n\nThread &#128317;\n\n<a class=\&quot;tweet-url\&quot; href=\&quot;https://www.ft.com/content/fd038300-f09a-4afc-9f7d-c0e3d6965243\&quot;>ft.com/content/fd0383&#8230;</a>&quot;,&quot;username&quot;:&quot;nathanbenaich&quot;,&quot;name&quot;:&quot;Nathan Benaich&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Mon May 10 18:27:02 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:123,&quot;like_count&quot;:326,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{&quot;url&quot;:&quot;https://www.ft.com/content/fd038300-f09a-4afc-9f7d-c0e3d6965243&quot;,&quot;image&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/bd69e4db-7daf-4f0e-ad7f-53e519a29081_2181x1227.jpeg&quot;,&quot;title&quot;:&quot;Subscribe to read | Financial Times&quot;,&quot;description&quot;:&quot;News, analysis and comment from the Financial Times, the world&#700;s leading global business publication&quot;,&quot;domain&quot;:&quot;ft.com&quot;},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Ljungman/status/1390216046661996551&quot;,&quot;full_text&quot;:&quot;I'm proud and excited to announce that today we officially launch Moonfire, our $60M data-driven seed fund. Read more about our ambitions, new team and new investments here: <a class=\&quot;tweet-url\&quot; href=\&quot;https://bit.ly/3eVWgMn\&quot;>bit.ly/3eVWgMn</a> &#127763;&#128293;&#128640; <span class=\&quot;tweet-fake-link\&quot;>#MoonfireLaunch</span> &quot;,&quot;username&quot;:&quot;Ljungman&quot;,&quot;name&quot;:&quot;Mattias Ljungman&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Thu May 06 08:05:09 +0000 2021&quot;,&quot;photos&quot;:[{&quot;img_url&quot;:&quot;https://pbs.substack.com/media/E0sKG_LXoAIJiHL.jpg&quot;,&quot;link_url&quot;:&quot;https://t.co/6mejsMbiEh&quot;,&quot;alt_text&quot;:null}],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:52,&quot;like_count&quot;:720,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/YZVJH/status/1390636457975496707?s=20&quot;,&quot;full_text&quot;:&quot;Super happy to release Heartcore&#8217;s consumer tech wiki! \n\nA nice byproduct of compiling our weekly newsletter is that I get constantly exposed to a large quantity of fantastic content.&quot;,&quot;username&quot;:&quot;YZVJH&quot;,&quot;name&quot;:&quot;Yohan Pereira&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Fri May 07 11:55:43 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:2,&quot;like_count&quot;:14,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Vo5S!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Vo5S!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!Vo5S!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png 848w, 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data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/f105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Vo5S!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!Vo5S!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!Vo5S!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!Vo5S!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff105924b-4d9c-44cf-a72c-9ea7ade003e0_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Nathan Benaich</strong> &#127468;&#127463; General Partner, Air Street Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nathanbenaich/">LinkedIn</a> | <a href="https://twitter.com/NathanBenaich">Twitter</a> | <a href="http://newsletter.airstreet.com/">Blog</a></p></li><li><p><strong>Roberto Bonanzinga </strong>&#127470;&#127481; Co-Founder &amp; Investment Partner, InReach Ventures, London&#127468;&#127463; <a href="https://www.linkedin.com/in/bonanzinga/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/bonanzinga?lang=fr">Twitter</a></p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, Munich &#127465;&#127466; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Benedict Evans</strong> &#127468;&#127463; Venture Partner, Entrepreneur First &amp; Mosaic Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/benedictevans/">LinkedIn</a> | <a href="https://twitter.com/benedictevans">Twitter</a> | <a href="https://www.ben-evans.com/newsletter">Blog</a></p></li><li><p><strong>Ollie Forsyth </strong>&#127468;&#127463; Global Community Manager, Antler, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ollieforsyth/?originalSubdomain=uk">LinkedIn</a> |<a href="https://twitter.com/ollieforsyth">Twitter</a> | <a href="https://ollieforsyth.substack.com/">Blog</a></p></li><li><p><strong>Simon King</strong> &#127468;&#127463; Partner, Octopus Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/sking7/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/simonpking?lang=fr">Twitter&nbsp;</a></p></li><li><p><strong>Marcin Kurek </strong>&#127477;&#127473; Managing Partner, Market One Capital, Warsaw &#127477;&#127473;&nbsp; <a href="https://www.linkedin.com/in/marcinkurek/?originalSubdomain=pl">LinkedIn</a></p></li><li><p><strong>Tilman Langer</strong> &#127465;&#127466; General Counsel, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/tilman-langer-3622511/?originalSubdomain=de">LinkedIn</a></p></li><li><p><strong>Balthazar de Lavergne</strong> &#127467;&#127479; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/balthazardelavergne/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/baltdelavergne?lang=en">Twitter</a> | <a href="https://thefamily.substack.com/people/1247639-balthazar">Blog</a></p></li><li><p><strong>John Lindfors</strong> &#127467;&#127470; Managing Partner, DST Global, Hong Kong &#127468;&#127463; <a href="https://www.linkedin.com/in/johnlindfors/?originalSubdomain=hk">LinkedIn</a></p></li><li><p><strong>Mattias Ljungman</strong> &#127480;&#127466; Founder, Moonfire Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/mattiasljungman/?originalSubdomain=uk">LinkedIn</a> |&nbsp;<a href="https://twitter.com/Ljungman">Twitter</a> |&nbsp;<a href="https://medium.com/@Ljungman/">Blog</a></p></li><li><p><strong>Chirag Modi</strong> &#127468;&#127463; Investment Associate, Lakestar, London &#127468;&#127463; <a href="https://www.linkedin.com/in/chiragmodi1/">LinkedIn</a> | <a href="https://twitter.com/modic123">Twitter</a> | <a href="https://modi.substack.com/">Blog</a></p></li><li><p><strong>Julia Morrongiello</strong> &#127464;&#127469; Associate, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/juliamorrongiello/">LinkedIn</a> | <a href="https://twitter.com/juliamorrongiel">Twitter</a> | <a href="https://medium.com/@JuliaMorrongiel">Blog</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson </strong>&#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li><li><p><strong>Yohan Pereira</strong> &#127467;&#127479; Associate, Heartcore Capital, Paris &#127467;&#127479; <a href="http://linkedin.com/in/yohanpereira/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/YZVJH">Twitter</a></p></li><li><p><strong>Alex Reed</strong> &#127468;&#127463; Founding Partner, Mountside Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ajc-reed/">LinkedIn</a> | <a href="https://twitter.com/ajc_reed">Twitter</a></p></li><li><p><strong>Nicolas Rose </strong>&#127467;&#127479; Managing Partner at XAnge, Paris &#127467;&#127479;&nbsp; <a href="https://www.linkedin.com/in/rosenicolas/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/nicolas75">Twitter</a></p></li><li><p><strong>Peter Specht </strong>&#127465;&#127466;Principal, Creandum, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/pspecht/">LinkedIn</a> | <a href="https://twitter.com/specht_p">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Product Managers. Communications. Lifting the Lid. Clubhouse. First Times. Stride VC.]]></title><description><![CDATA[Capital Call #43]]></description><link>https://www.capitalcall.co/p/european-vc-digest-product-managers</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-product-managers</guid><pubDate>Thu, 06 May 2021 04:00:18 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!q37h!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!q37h!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!q37h!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!q37h!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!q37h!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!q37h!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/f0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!q37h!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!q37h!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!q37h!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!q37h!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0f9ca3f-980f-49ec-8e59-a4c3577c04e6_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!O8y8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!O8y8!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!O8y8!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!O8y8!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!O8y8!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!O8y8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!O8y8!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!O8y8!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!O8y8!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!O8y8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd744f55e-2859-4299-8e19-8fdc37c669ad_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family warns founders that they shouldn&#8217;t overlook product management: <a href="https://thefamily.substack.com/p/a-key-part-of-your-startup-team?r=184z">A key part of your startup team.</a></p><p><strong>Carlos Espinal &#127482;&#127480; </strong>of Seedcamp writes about the challenges of internal and external communications&#8212;and how to tackle them:<a href="https://cee.medium.com/from-ppp-to-p-ppp-ab70c32cfbc1">From PPP to (p)PPP</a>.</p><p><strong>Benedict Evans </strong>&#127468;&#127463;, who&#8217;s with both Mosaic Ventures &amp; Entrepreneur First, suggests that Amazon is blind as to what happens on its marketplace: <a href="https://www.ben-evans.com/benedictevans/2021/5/5/does-amazon-know-what-it-sells">Does Amazon know what it sells?</a></p><p><strong>Philippe Gire &#127467;&#127479;</strong> and <strong>Louisa Mesnard&#127467;&#127479; </strong>of Elaia Partners look back on their story with Ornikar, a driving learning platform: <a href="https://medium.com/elaia/ornikar-the-art-of-disruption-the-talent-of-execution-70776528199">Ornikar: the art of disruption, the talent of execution</a>.</p><p><strong>Rachel Grahame &#127468;&#127463;</strong> of Backed VC shares insights so as to help everyone get better at applying for a job in a startup: <a href="https://medium.com/backedvc/candidates-you-have-got-to-stop-using-these-words-in-job-applications-61f69dea2466">Candidates, you have got to stop using these words in job applications</a>.&nbsp;</p><p><strong>Deepali Nangia </strong>&#127468;&#127463;, an angel investor with Atomico, shares her experience investing in a startup and then it becoming a public company: <a href="https://nangianomics.medium.com/from-angel-to-ipo-in-four-years-the-story-of-pensionbee-7803f97b5a6a">From Angel to IPO in four years &#8212; The Story of PensionBee</a>.</p><p><strong>Yannick Oswald </strong>&#127473;&#127482;of Mangrove Capital Partners writes about the pitfall of enjoying hype early in a startup&#8217;s journey: <a href="https://www.yannickoswald.com/post/you-are-hyped-what-s-next">You are hyped. What's next?</a></p><p><strong>Chris Smith </strong>&#127468;&#127463; of Playfair Capital published a long essay to document how each of his colleagues ended up working in venture capital: <a href="https://medium.com/playfair-capital-blog/lifting-the-lid-how-the-playfair-team-got-into-venture-capital-3eccc1488868">Lifting the lid: How the Playfair team got into Venture Capital</a>.</p><p><strong>Peter Specht </strong>&#127465;&#127466;of Creandum explains that there&#8217;s still a lot of value to be created by startups focused on productivity: <a href="https://blog.creandum.com/the-new-wave-of-productivity-f8db35f5b316">The new wave of productivity</a>.</p><p><strong>Ines Streimelweger </strong>&#127465;&#127466; of Creandum shares the firm&#8217;s latest deep dive on climate tech aggregated with their friends from SpeedInvest: <a href="https://blog.creandum.com/speedinvest-creandum-report-the-growth-and-future-of-climate-tech-startups-in-europe-3beced57731f">The Growth and Future of Climate Tech Startups in Europe</a>.</p><p><strong>Eze Vidra </strong>&#127462;&#127479;&#127470;&#127473;&#127468;&#127463; of Remagine Ventures acknowledges that Clubhouse might struggle at some point, yet they had a huge impact: <a href="https://www.vccafe.com/2021/05/04/clubhouse-put-a-big-bullseye-on-social-audio/">Clubhouse put a big bullseye on social audio</a>.</p><ul><li><p>Also by Eze, check out these two recent posts: <a href="https://www.vccafe.com/2021/04/28/how-link-in-bio-became-the-new-online-real-estate-for-the-creator-economy/">How Link in Bio became the new online real estate for the creator economy</a> &amp; <a href="https://www.vccafe.com/2021/04/28/monetisation-is-key-to-drive-the-second-renaissance-in-the-creator-economy/">Monetisation is the Key to unlock The Second Renaissance in the Creator Economy</a> (a productive week at Remagine Ventures!).</p></li></ul><p><strong>Alice Zagury</strong> &#127467;&#127479; of The Family invites founders to journey back into their memory: <a href="https://thefamily.substack.com/p/how-was-your-1st-time">How was your 1st time?</a></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!8iH5!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!8iH5!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!8iH5!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!8iH5!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!8iH5!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!8iH5!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/c485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!8iH5!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!8iH5!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!8iH5!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!8iH5!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc485d0d0-0bbb-4fb9-a50a-167ee0b4c777_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p>Stride VC is so young, yet they have come such a long way! Read what <strong>Fred Destin</strong> &#127463;&#127466; has to say in <a href="https://techcrunch.com/2021/05/04/londons-stride-vc-raised-second-138-6m-seed-fund-hunts-for-third-partner/">London's Stride VC raised second $138.6M seed fund, hunts for third partner</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!o-HM!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!o-HM!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!o-HM!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!o-HM!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!o-HM!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!o-HM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!o-HM!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!o-HM!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!o-HM!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!o-HM!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99571048-db9a-4bc3-b384-5880e5a43ede_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/fdestin/status/1389617207156613120?s=20&quot;,&quot;full_text&quot;:&quot;1/ Meet <span class=\&quot;tweet-fake-link\&quot;>@stride_vc</span> Fund II.  Same size, same strategy as its older sibling.\n\nFund I &#128248;\n\n&#128176; &#163;100M (well &#163;103M)\n&#128184; 29 investments (of which 7 First Checks)\n&#129412; 1 breakaway (<span class=\&quot;tweet-fake-link\&quot;>@CazooUK</span>)\n&#129495; 11 of first 13 raised significant follow-ons\n&#128128; no one left behind\n&#129518; 5X gross MTM cash multiple&quot;,&quot;username&quot;:&quot;fdestin&quot;,&quot;name&quot;:&quot;Fred Destin&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Tue May 04 16:25:34 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:15,&quot;like_count&quot;:285,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Patrick_Newton1/status/1389823709976932353?s=20&quot;,&quot;full_text&quot;:&quot;A key stat from the <span class=\&quot;tweet-fake-link\&quot;>@collectivequity</span> report didn't get much attention, but has a super negative impact on the European VC market : only 4% of European LPs have invested in more than one fund manager. What impact does this have?&#128071;&quot;,&quot;username&quot;:&quot;Patrick_Newton1&quot;,&quot;name&quot;:&quot;Patrick Newton&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Wed May 05 06:06:08 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:3,&quot;like_count&quot;:6,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!v_vs!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!v_vs!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!v_vs!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!v_vs!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!v_vs!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!v_vs!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/b0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!v_vs!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!v_vs!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!v_vs!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!v_vs!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb0e4eb1a-57d4-4641-b4b8-f9f879f2f8f1_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Fred Destin</strong> &#127463;&#127466; Founder, Stride VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/freddestin/">LinkedIn</a> | <a href="https://twitter.com/fdestin">Twitter</a> |<a href="https://medium.com/@fdestin"> Blog</a></p></li><li><p><strong>Carlos Espinal &#127482;&#127480;</strong> Managing Partner, Seedcamp, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/carloseduardoespinal">LinkedIn</a>| <a href="https://twitter.com/cee">Twitter</a>| <a href="https://cee.medium.com/">Blog</a></p></li><li><p><strong>Benedict Evans</strong> &#127468;&#127463; Venture Partner, Entrepreneur First &amp; Mosaic Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/benedictevans/">LinkedIn</a> | <a href="https://twitter.com/benedictevans">Twitter</a> | <a href="https://www.ben-evans.com/newsletter">Blog</a></p></li><li><p><strong>Philippe Gire </strong>&#127467;&#127479;Partner, Elaia Partners, Paris &#127467;&#127479; <a href="https://fr.linkedin.com/in/philippe-gire-634a7063">LinkedIn</a></p></li><li><p><strong>Rachel Grahame</strong> &#127468;&#127463; Director of People Operations, Backed VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/rachel-grahame-2a109131/?originalSubdomain=uk">LinkedIn</a> |&nbsp;<a href="https://twitter.com/rachel_grrr">Twitter</a> |&nbsp;<a href="https://medium.com/@rachel_grahame">Blog</a></p></li><li><p><strong>Louisa Mesnard</strong> &#127467;&#127479; CMO, Elaia Partners, Paris &#127467;&#127479; <a href="https://fr.linkedin.com/in/louisamesnard">LinkedIn</a> | <a href="https://twitter.com/louisamesnard">Twitter</a> | <a href="https://medium.com/@LouisaMesnard">Blog</a></p></li><li><p><strong>Deepali Nangia </strong>&#127468;&#127463; Angel Investor, Scout, Atomico &#127468;&#127463; <a href="https://www.linkedin.com/in/deepalinangia/?originalSubdomain=uk">LinkedIn</a> |&nbsp;<a href="https://twitter.com/deepalinangia">Twitter</a> |&nbsp;<a href="https://medium.com/@deepali_27374">Blog</a></p></li><li><p><strong>Patrick Newton</strong> &#127468;&#127463; Founding Partner, Form Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/patrick-newton-43b9682b/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/patrick_newton1?lang=en">Twitter</a> | <a href="https://patrick-newton1.medium.com/">Blog</a></p></li><li><p><strong>Yannick Oswald</strong> &#127473;&#127482; Principal, Mangrove Capital Partners, Luxembourg &#127473;&#127482; <a href="https://www.linkedin.com/in/yannick-oswald-55706650/">LinkedIn</a> | <a href="https://twitter.com/yannickoswald">Twitter</a> | <a href="https://www.yannickoswald.com/">Blog</a></p></li><li><p><strong>Chris Smith</strong> &#127468;&#127463; Managing Partner, Playfair Capital, London &#127468;&#127463;&nbsp; <a href="https://www.linkedin.com/in/cdgsmith/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/chrissmithpf?lang=en">Twitter</a></p></li><li><p><strong>Peter Specht </strong>&#127465;&#127466;Principal, Creandum, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/pspecht/">LinkedIn</a> | <a href="https://twitter.com/specht_p">Twitter</a></p></li><li><p><strong>Ines Streimelweger</strong> &#127465;&#127466; Investment Manager, Creandum, Berlin &#127465;&#127466; <a href="https://de.linkedin.com/in/ines-streimelweger">LinkedIn</a> |&nbsp;<a href="https://twitter.com/ines_stre">Twitter</a> |&nbsp;<a href="https://medium.com/@Ines_stre">Blog</a></p></li><li><p><strong>Eze Vidra</strong> &#127462;&#127479;&#127470;&#127473;&#127468;&#127463; Managing Partner, Remagine Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/ezevidra/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/ediggs">Twitter</a> | <a href="https://www.vccafe.com/">Blog</a></p></li><li><p><strong>Alice Zagury</strong> &#127467;&#127479; Co-Founder &amp; CEO, The Family, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/alicezagu?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/Alice_zag">Twitter</a> | <a href="https://salon.thefamily.co/@Alice_zag">Blog</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Arsenal. Data Network Effects. Getting Rich Slowly. SPACs. Financial Markets. Personal Branding.]]></title><description><![CDATA[Capital Call #42]]></description><link>https://www.capitalcall.co/p/european-vc-digest-arsenal-data-network</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-arsenal-data-network</guid><pubDate>Thu, 29 Apr 2021 04:00:17 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!07oN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!07oN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!07oN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!07oN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!07oN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!07oN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!07oN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!07oN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!07oN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!07oN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F9fcbe5a5-6c6e-4678-8add-dd91b5ba9b3f_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!kWmN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!kWmN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!kWmN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!kWmN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!kWmN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!kWmN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!kWmN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!kWmN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!kWmN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!kWmN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0df72f41-e4e3-4338-b8d7-1b16febb5435_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family (and co-host of <em>Capital Call</em>) explains why Daniel Ek buying Arsenal might be a coming of age for European tech (in <em>Sifted</em>): <a href="https://sifted.eu/articles/daniel-ek-arsenal-european-tech/">Would Daniel Ek buying Arsenal be a gamechanger for European tech?</a></p><p><strong>Alexandre Dewez</strong> &#127467;&#127479; of Idinvest delves into the European instant grocery market: <a href="https://alexandre.substack.com/p/-a-pamphlet-against-getir-and-gopuffs">&#128017; A Pamphlet Against Getir &amp; GoPuff's European Copycats</a>.</p><p><strong>Benedict Evans &#127468;&#127463;</strong>, a venture partner with both Mosaic Ventures &amp; Entrepreneur First, casts a light on how much the pandemic has changed retail: <a href="https://www.ben-evans.com/benedictevans/2021/4/25/step-changes-in-ecommerce">Step changes in ecommerce</a>.&nbsp;</p><p><strong>Aurore Falque-Pierrotin</strong> &#127467;&#127479; of Samaipata writes about whether or not data can trigger increasing returns to scale: <a href="https://medium.com/samaipata-ventures/data-network-effects-the-winning-formula-7e22d5b4edb2">Data network effects &#8212; the new Holy Grail?</a></p><p><strong>Melanie Hayes &#127468;&#127463;</strong> &amp; <strong>Milly Shotter</strong> of Bethnal Green Ventures make the case for more transparency on VC returns: <a href="https://sifted.eu/articles/radical-transparency-vcs/">VCs need to adopt some of that 'radical transparency' startups love</a>.</p><p><strong>Balthazar de Lavergne &#127467;&#127479; </strong>of The Family shares wise words about the virtue of patience and discipline: <a href="https://thefamily.substack.com/p/getting-rich-slowly">Getting Rich Slowly</a>.</p><p><strong>Mina Mutafchieva</strong> &#127477;&#127473; of Dawn Capital writes about an Australian, a Belgian and a Dane walking into a tough data engineering problem: <a href="https://medium.com/dawn-capital/why-we-invested-in-cluedin-9851300281b5">Why We Invested in CluedIn</a>.</p><p><strong>Patrick Newton</strong> &#127468;&#127463; of Form Ventures suggests the UK push harder so that retail investors can have access to VC as an asset class (in <em>City AM</em>): <a href="https://www.cityam.com/to-make-the-uk-a-tech-leader-retail-money-must-be-given-more-access-to-private-investments">To make the UK a tech leader, retail money must be given more access to private investments</a>.</p><p><strong>Mathias Pastor</strong> &#127467;&#127479; of The Family tells you everything you ever wanted to know about SPACs: <a href="https://thefamily.substack.com/p/a-primer-on-spacs">A primer on SPACs</a>.</p><p><strong>Tristan Schnegg</strong> &#127468;&#127463; &amp; <strong>Samon Sanchuli</strong> &#127481;&#127474;&#127470;&#127479; of Collective Equity have compiled data on 1020 founders that have become limited partners in VC funds: <a href="https://www.collectiveequity.com/from-founder-to-limited-partner.html">From Founder to Limited Partner</a>.</p><p><strong>Lily Shaw</strong> &#127468;&#127463; of Omers Ventures reflects on her past experience on public markets and what stayed the same now that she works in VC: <a href="https://medium.com/omers-ventures/blurring-lines-public-and-private-markets-part-i-4f38bcee4016">Blurring lines: public and private markets (Part I)</a><em>.</em></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!fRcJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!fRcJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!fRcJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!fRcJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!fRcJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!fRcJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!fRcJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!fRcJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!fRcJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!fRcJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F58958ce9-aed0-452c-ae4c-ec6b699be750_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Beata Klein</strong> &#127480;&#127466; of Creandum shares insights on how to build a personal brand as an investor and the role played by content: <a href="https://medium.com/included-vc/building-a-brand-with-beata-klein-creandum-781b51efeec2">Building a Brand with Beata Klein</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!iaqr!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!iaqr!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!iaqr!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!iaqr!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!iaqr!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!iaqr!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/bdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!iaqr!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!iaqr!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!iaqr!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!iaqr!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbdad3c74-a20e-48df-bf5d-ed2b6679f49e_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/fdestin/status/1386743090149482505?s=20&quot;,&quot;full_text&quot;:&quot;1/   There&#8217;s no difference in probability of reaching Series A based on whether or not your seed round has a top VC.\n\nSource: 3717 deals on <span class=\&quot;tweet-fake-link\&quot;>@AngelList</span> \n\n&quot;,&quot;username&quot;:&quot;fdestin&quot;,&quot;name&quot;:&quot;Fred Destin&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Mon Apr 26 18:04:51 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:25,&quot;like_count&quot;:110,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{&quot;url&quot;:&quot;https://www.angellist.com/blog/top-vc-seed-performance&quot;,&quot;image&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/cdb67187-b77b-4843-9f28-177453855001_3456x1568.png&quot;,&quot;title&quot;:&quot;Top VC Firms Don&#8217;t Outperform the Broader Market at Seed&quot;,&quot;description&quot;:&quot;There&#8217;s no difference in probability of reaching Series A based on whether or not your seed round has a top VC.&quot;,&quot;domain&quot;:&quot;angellist.com&quot;},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Ljungman/status/1386967168298979334&quot;,&quot;full_text&quot;:&quot;We've seen a stampede of unicorns in Europe - 16 new unicorns in Q1 2021 compared to 15 for all of 2020 - and this is breeding a new generation of European founders. We're here to back them.  &#127763;&#128293;&quot;,&quot;username&quot;:&quot;Ljungman&quot;,&quot;name&quot;:&quot;Mattias Ljungman&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Tue Apr 27 08:55:16 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:18,&quot;like_count&quot;:191,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/KeranenHenna/status/1386633500602798082?s=20&quot;,&quot;full_text&quot;:&quot;Sthlm tech is &#128293;\n\nEuropean tech hubs: \n1. London \n2. Paris \n3. Stockholm &#128640;\n\nStockholm also tops &#129412; list for hubs in Europe per capita! <span class=\&quot;tweet-fake-link\&quot;>#sthlmtech</span> \n\n<a class=\&quot;tweet-url\&quot; href=\&quot;https://www.bloomberg.com/news/articles/2021-04-26/spotify-s-nest-proves-a-fertile-breeding-ground-for-unicorns\&quot;>bloomberg.com/news/articles/&#8230;</a>&quot;,&quot;username&quot;:&quot;KeranenHenna&quot;,&quot;name&quot;:&quot;Henna Ker&#228;nen&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Mon Apr 26 10:49:23 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:7,&quot;like_count&quot;:15,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{&quot;url&quot;:&quot;https://www.bloomberg.com/news/articles/2021-04-26/spotify-s-nest-proves-a-fertile-breeding-ground-for-unicorns&quot;,&quot;title&quot;:&quot;Bloomberg - Are you a robot?&quot;,&quot;description&quot;:null,&quot;domain&quot;:&quot;bloomberg.com&quot;},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ZasN!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ZasN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!ZasN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!ZasN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!ZasN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!ZasN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/ce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ZasN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!ZasN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!ZasN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!ZasN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fce8ce741-c26d-422c-88b4-86017fd16878_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Fred Destin</strong> &#127463;&#127466; Founder, Stride.VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/freddestin/">LinkedIn</a> | <a href="https://twitter.com/fdestin">Twitter</a> | <a href="https://medium.com/@fdestin">Blog</a></p></li><li><p><strong>Alexandre Dewez</strong> &#127467;&#127479; Analyst, Idinvest, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/alexandre-dewez/">LinkedIn</a> | <a href="https://twitter.com/alexandre_dewez">Twitter</a> | <a href="https://alexandre.substack.com/">Blog</a></p></li><li><p><strong>Benedict Evans</strong> &#127468;&#127463; Venture Partner, Entrepreneur First &amp; Mosaic Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/benedictevans/">LinkedIn</a> | <a href="https://twitter.com/benedictevans">Twitter</a> | <a href="https://www.ben-evans.com/newsletter">Blog</a></p></li><li><p><strong>Aurore Falque-Pierrotin </strong>&#127467;&#127479; Principal, Samaipata, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/aurore-falque-pierrotin-54b84a59/?originalSubdomain=fr">LinkedIn </a>| <a href="https://twitter.com/apierrotin?lang=fr">Twitter</a></p></li><li><p><strong>Melanie Hayes &#127468;&#127463;</strong>Managing Partner, Bethnal Green Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/melanie-hayes-8b42769/">LinkedIn</a> | <a href="https://twitter.com/MelanieHayes">Twitter</a></p></li><li><p><strong>Henna Ker&#228;nen &#127480;&#127466; </strong>Strategic Partnerships, Sting, Stockholm &#127480;&#127466; <a href="https://www.linkedin.com/in/henna-ker%C3%A4nen-b2786a7b/?originalSubdomain=se">LinkedIn</a> | <a href="https://twitter.com/KeranenHenna">Twitter</a></p></li><li><p><strong>Beata Klein</strong> &#127480;&#127466; Associate, Creandum, Stockholm &#127480;&#127466; <a href="https://www.linkedin.com/in/beata-klein-090982a2/?originalSubdomain=se">LinkedIn</a> | <a href="https://twitter.com/axeliaklein">Twitter</a> | <a href="https://blog.creandum.com/@beata_66804">Blog</a></p></li><li><p><strong>Balthazar de Lavergne</strong> &#127467;&#127479; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/balthazardelavergne/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/baltdelavergne?lang=en">Twitter</a> | <a href="https://thefamily.substack.com/people/1247639-balthazar">Blog</a></p></li><li><p><strong>Mattias Ljungman</strong> &#127480;&#127466; Founder, Moonfire Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/mattiasljungman/?originalSubdomain=uk">LinkedIn</a> |&nbsp;<a href="https://twitter.com/Ljungman">Twitter</a> |&nbsp;<a href="https://medium.com/@Ljungman/">Blog</a></p></li><li><p><strong>Mina Mutafchieva </strong>&#127477;&#127473; Principal, Dawn Capital, London &#127468;&#127463; <a href="https://twitter.com/Mina_MVI">Twitter</a> |&nbsp;<a href="https://medium.com/@mina_69684">Blog</a></p></li><li><p><strong>Patrick Newton</strong> &#127468;&#127463; Founding Partner, Form Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/patrick-newton-43b9682b/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/patrick_newton1?lang=en">Twitter</a> | <a href="https://patrick-newton1.medium.com/">Blog</a></p></li><li><p><strong>Mathias Pastor</strong> &#127467;&#127479; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/mathiaspastor/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/pastormhm/">Twitter</a> | <a href="https://medium.com/@mathiaspastor">Blog</a></p></li><li><p><strong>Samon Sanchuli &#127481;&#127474;&#127470;&#127479; </strong>Equity Analyst, Collective Equity Ownership, London &#127468;&#127463; <a href="https://www.linkedin.com/in/samon-sanchuli/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/samon_sanchuli?lang=en">Twitter</a></p></li><li><p><strong>Tristan Schnegg &#127468;&#127463; </strong>Equity Analyst, Investor, Collective Equity Ownership, London &#127468;&#127463; <a href="https://www.linkedin.com/in/tristan-schnegg-041771148/?originalSubdomain=uk">LinkedIn</a></p></li><li><p><strong>Lily Shaw</strong> &#127468;&#127463; Associate Investor, OMERS Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/lily-shaw-59096975/">LinkedIn </a>| <a href="https://nitter.himiko.cloud/lilymshaw">Twitter</a></p></li><li><p><strong>Milly Shotter</strong> &#127468;&#127463; Partner, Bethnal Green Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/milly-shotter/">LinkedIn</a> |&nbsp;<a href="https://twitter.com/MillyShotter">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: UiPath. Control. Alan. Doing Stuff. Warm Intros. Institution Building. Hacking Finance.]]></title><description><![CDATA[Capital Call #41]]></description><link>https://www.capitalcall.co/p/european-vc-digest-uipath-alan-doing-stuff</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-uipath-alan-doing-stuff</guid><pubDate>Thu, 22 Apr 2021 04:00:14 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!tV1-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab9f3bf0-1d3e-4604-ba9b-5b9bfaa66b6d_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!tV1-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab9f3bf0-1d3e-4604-ba9b-5b9bfaa66b6d_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!tV1-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab9f3bf0-1d3e-4604-ba9b-5b9bfaa66b6d_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!tV1-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab9f3bf0-1d3e-4604-ba9b-5b9bfaa66b6d_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!tV1-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab9f3bf0-1d3e-4604-ba9b-5b9bfaa66b6d_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!tV1-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab9f3bf0-1d3e-4604-ba9b-5b9bfaa66b6d_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/ab9f3bf0-1d3e-4604-ba9b-5b9bfaa66b6d_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" 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Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!QvfU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!QvfU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!QvfU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!QvfU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!QvfU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!QvfU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/ab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!QvfU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!QvfU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!QvfU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!QvfU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab953e4f-6893-4582-af0e-fec59fa5140f_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Philippe Botteri </strong>&#127467;&#127479; of Accel is looking back at his early days backing UiPath and a European love story with automation: <strong><a href="https://www.linkedin.com/pulse/from-humble-beginnings-market-leadership-uipath-rings-botteri/?trackingId=L%2FCV3XNrxxGAk%2BOIV5LeVg%3D%3D">From humble beginnings to market leadership: UiPath rings the NYSE bell!</a></strong></p><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family (and co-host of <em>Capital Call</em>) muses about founders asserting control over their company: <a href="https://thefamily.substack.com/p/youre-the-one-in-control?r=184z">You're the one in control.</a></p><p><strong>Alexandre Dewez &#127467;&#127479; </strong>of IdInvest published the second part of his deep-dive into Deliveroo: <a href="https://alexandre.substack.com/p/deliveroos-ipo-breaking-down-the">&#129432;Deliveroo's IPO - Breaking Down the Potential Futures of the Company (Part II)</a>.</p><p><strong>Michele Foradori </strong>&#127470;&#127481;&#127467;&#127479; of BlackFin Tech looks at weekly fundraising activities amongst European countries: <a href="https://medium.com/blackfintech/blackfin-tech-weekly-april-19th-3a081d6b5fd">BlackFin Tech Weekly &#8212; April 19th</a>.</p><p><strong>Romain Lavault</strong> &#127467;&#127479; retraces the story of French startup Alan, which just became a unicorn following their latest fundraising round with Coatue: <a href="https://partechpartners.com/news/alan-legendary-company-making/">Alan, a legendary company in the making</a>.</p><p><strong>Balthazar de Lavergne</strong> &#127467;&#127479; of The Family reflects on how investors should and could retain their ability to actually make things: <a href="https://thefamily.substack.com/p/do-stuff">Do stuff.</a></p><p><strong>Thomas Meier </strong>&#127464;&#127469; introduces his new fund Lightbird Ventures, a Swiss-based VC firm aiming to back Swiss and European entrepreneurs: <a href="https://medium.com/marcau-partners/lightbird-backing-founders-aiming-to-rise-above-the-crowd-772ca5cbc805">Backing founders aiming to rise above the crowd</a>.&nbsp;</p><p><strong>Evgenia Plotnikova </strong>&#127479;&#127482; of Dawn Capital dives into the big success of cloud companies: <a href="https://medium.com/dawn-capital/how-cloud-has-won-the-state-of-the-market-in-2021-499ac4a9fbc9">How cloud has won: The state of the market in 2021</a>.</p><p><strong>Sarah Turner &#127468;&#127463;</strong>, an angel investor, writes about a fairer, more transparent and much more productive way of connecting investors with founders: <a href="https://sifted.eu/articles/warm-intros/">Why investors need to stop taking 'warm' intros</a>.</p><p><strong>Seth Pierrepont</strong> &#127482;&#127480; and <strong>Varun Purandare</strong> &#127470;&#127475;&#127482;&#127480; of Accel share their investment thesis behind the European spreadsheet newcomer: <a href="https://accel.com/noteworthy/our-investment-in-causal-bringing-spreadsheets-into-the-modern-era">Our investment in Causal: Bringing spreadsheets into the modern era</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!QLa-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!QLa-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!QLa-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!QLa-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!QLa-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!QLa-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!QLa-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!QLa-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!QLa-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!QLa-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F81a03e78-5b5b-4f94-8122-7c57379aa7c7_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Matt Clifford</strong> &#127468;&#127463; of Entrepreneur First interviews his co-founder <strong>Alice Bentinck </strong>&#127468;&#127463; in this wide-ranging podcast conversation: <a href="https://tib.buzzsprout.com/1597213/8354913-alice-bentinck-talent-innovation-and-institution-building">Alice Bentinck: Talent, innovation and institution building</a>.</p><p><strong>David Galbraith</strong> &#127468;&#127463; &amp; <strong>Sean Park</strong> &#127464;&#127462; of Anthemis now share regular discussions on everything fintech as part of the <em>Hacking Finance</em> podcast. Check out the latest episode (published in March): <a href="https://anchor.fm/anthemis-group/episodes/Fintech-Products--Business-Model-Opportunities-esu8gh">Fintech Products &amp; Business Model Opportunities</a>.&nbsp;</p><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; of Northzone was on <em>Bloomberg TV</em> to talk about European listing markets, recent IPOs in his firm&#8217;s portfolio, and various tech trends: <a href="https://www.linkedin.com/feed/update/urn:li:activity:6790653263365619712">P&#228;r-J&#246;rgen P&#228;rson on </a><em><a href="https://www.linkedin.com/feed/update/urn:li:activity:6790653263365619712">Bloomberg TV</a></em>.</p><p><strong>Annika Sj&#246;berg &#127467;&#127470;</strong> and <strong>Bo Ilsoe</strong> &#127465;&#127472; of NGP Capital talk with <em>Tech.eu</em> about the role gender plays in a startup founder&#8217;s ability to raise private capital in Europe: <a href="https://tech.eu/news/tech-eu-podcast-annika-sjoberg-and-bo-ilsoe-of-ngp-capital-talk-about-gender-and-vc-funding/">About gender and VC funding</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!4Xxv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!4Xxv!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!4Xxv!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!4Xxv!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!4Xxv!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!4Xxv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!4Xxv!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!4Xxv!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!4Xxv!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!4Xxv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F78744b52-3a1f-4bad-bc25-7f54d3876d36_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/AkashBajwa96/status/1382600669069242376?s=20&quot;,&quot;full_text&quot;:&quot;Q1 VC funding numbers came out for Europe &amp;amp; the US via <span class=\&quot;tweet-fake-link\&quot;>@crunchbase</span> and <span class=\&quot;tweet-fake-link\&quot;>@PitchBook</span>.\n\nWhat are some takeaways common to both?\n\n- Doubled in VC raised year-on-year\n- Seed is holding steady\n- Rounds at every stage are getting larger\n- Late-stage (C+) is through the roof&quot;,&quot;username&quot;:&quot;AkashBajwa96&quot;,&quot;name&quot;:&quot;Akash Bajwa&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Thu Apr 15 07:44:21 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:0,&quot;like_count&quot;:4,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/fdestin/status/1384913829390397442&quot;,&quot;full_text&quot;:&quot;Non linear! <span class=\&quot;tweet-fake-link\&quot;>@UiPath</span> fundraising history:\n\n15/07: $1.6M on $7M (Credo, Earlybird East, Seedcamp)\n17/04: $30M on $80M (Accel)\n18/03: $153M on $950M (Accel, CapitalG, KP, GV)\n18/11:  $225M on $2.75BN\n19/04: $570M on $6.5BN  \n20/07: $225M on $10BN\n21/02: $750M on $34.25BN&quot;,&quot;username&quot;:&quot;fdestin&quot;,&quot;name&quot;:&quot;Fred Destin&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Wed Apr 21 16:56:02 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:4,&quot;like_count&quot;:31,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/sarahdrinkwater/status/1384814297528872960?s=20&quot;,&quot;full_text&quot;:&quot;There's this incredible shift happening around tech + ownership.\n\nWhen I first joined a startup, in 00s, I didn't get equity despite leading community in community product. I was new in tech &amp;amp; didn't question this - of course only C-level got it, of course they all looked similar &quot;,&quot;username&quot;:&quot;sarahdrinkwater&quot;,&quot;name&quot;:&quot;Sarah Drinkwater&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Wed Apr 21 10:20:31 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{&quot;full_text&quot;:&quot;1/ It occurred to us recently that as a VC backed tech company, we don&#8217;t have any customers as shareholders. It&#8217;s weird. &#129327;\n\nAbout time to change it &#128071;&#127996;&quot;,&quot;username&quot;:&quot;kaarmann&quot;,&quot;name&quot;:&quot;Kristo K&#228;&#228;rmann&quot;},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:1,&quot;like_count&quot;:23,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Hlxy!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Hlxy!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!Hlxy!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!Hlxy!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!Hlxy!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Hlxy!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/b7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Hlxy!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!Hlxy!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!Hlxy!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!Hlxy!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7e07d2d-d851-4cbc-8b25-1605c27082dc_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Akash Bajwa</strong> &#127465;&#127466;&#127468;&#127463; Analyst and Head of Europe, Shaper Impact Capital and Cass Entrepreneurship Fund London &#127468;&#127463; <a href="https://uk.linkedin.com/in/akash-bajwa-947862106">LinkedIn</a> | <a href="https://twitter.com/akashbajwa96?lang=en">Twitter</a> |&nbsp;<a href="https://www.akash-bajwa.com/">Blog</a></p></li><li><p><strong>Alice Bentinck</strong> &#127468;&#127463; Co-Founder, Entrepreneur First, London &#127468;&#127463; <a href="https://www.linkedin.com/in/alicebentinck/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/alicebentinck?lang=en">Twitter</a></p></li><li><p><strong>Philippe Botteri </strong>&#127467;&#127479; Partner, Accel, London &#127468;&#127463; <a href="https://www.linkedin.com/in/philippebotteri/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/pbotteri?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">Twitter</a> | <a href="http://cracking-the-code.blogspot.com/">Blog</a></p></li><li><p><strong>Matt Clifford</strong> &#127468;&#127463; Co-Founder &amp; CEO, Entrepreneur First, London &#127468;&#127463; <a href="https://www.linkedin.com/in/mattcliffordef/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/matthewclifford">Twitter</a> | <a href="https://www.getrevue.co/profile/mattclifford/">Blog</a></p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Balthazar de Lavergne</strong> &#127467;&#127479; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/balthazardelavergne/?originalSubdomain=fr">LinkedIn</a> | <a href="https://twitter.com/baltdelavergne?lang=en">Twitter</a> | <a href="https://thefamily.substack.com/people/1247639-balthazar">Blog</a></p></li><li><p><strong>Fred Destin</strong> &#127463;&#127466; Founder, Stride.VC, London &#127468;&#127463; <a href="https://www.linkedin.com/in/freddestin/">LinkedIn</a> | <a href="https://twitter.com/fdestin">Twitter</a> |<a href="https://medium.com/@fdestin"> Blog</a></p></li><li><p><strong>Alexandre Dewez</strong> &#127467;&#127479; Analyst, Idinvest, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/alexandre-dewez/">LinkedIn</a> | <a href="https://twitter.com/alexandre_dewez">Twitter</a> | <a href="https://alexandre.substack.com/">Blog</a></p></li><li><p><strong>Sarah Drinkwater</strong> &#127468;&#127463; Angel Investor, Atomico, London &#127468;&#127463; <a href="https://www.linkedin.com/in/sarahdrinkwater/">LinkedIn</a> | <a href="https://twitter.com/sarahdrinkwater">Twitter</a> |&nbsp;<a href="https://medium.com/@SarahDrinkwater/">Blog</a></p></li><li><p><strong>Michele Foradori </strong>&#127470;&#127481;&#127467;&#127479; Investment Director, Blackfin Capital Partners, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/micheleforadori/">LinkedIn </a>| <a href="https://twitter.com/vc_mich">Twitter</a></p></li><li><p><strong>David Galbraith </strong>&#127468;&#127463; Partner, Anthemis Group, Geneva &#127464;&#127469; <a href="https://www.linkedin.com/in/dwgalbraith/">LinkedIn</a> | <a href="https://twitter.com/daveg">Twitter</a> | <a href="https://medium.com/@daveg">Blog</a></p></li><li><p><strong>Bo Ilsoe</strong> &#127465;&#127472; Partner, NGP Capital, Geneva &#127464;&#127469; <a href="https://www.linkedin.com/in/ilsoe-bo/?originalSubdomain=ch">LinkedIn</a> | <a href="https://twitter.com/Ilsoe">Twitter</a> | <a href="https://ilsoe.medium.com/">Blog</a></p></li><li><p><strong>Romain Lavault</strong> &#127467;&#127479; General Partner, Partech, Paris &#127467;&#127479; <a href="https://www.linkedin.com/in/lavault/">LinkedIn</a> | <a href="https://twitter.com/RomainLavault">Twitter</a></p></li><li><p><strong>Thomas Meier </strong>&#127464;&#127469; Managing Partner, Lightbird Ventures, Zurich &#127464;&#127469; <a href="https://ch.linkedin.com/in/thomas-meier-9543347a">LinkedIn </a>| <a href="https://twitter.com/onemoremeier">Twitter&nbsp;</a></p></li><li><p><strong>Sean Park </strong>&#127464;&#127462; Co-Founder, Anthemis Group, Geneva &#127464;&#127469; <a href="https://ch.linkedin.com/in/smpark">LinkedIn</a>|<a href="https://twitter.com/parkparadigm?lang=fr">Twitter</a></p></li><li><p><strong>P&#228;r-J&#246;rgen P&#228;rson</strong> &#127480;&#127466; General Partner, Northzone, London &#127468;&#127463; <a href="https://www.linkedin.com/in/p%C3%A4r-j%C3%B6rgen-p%C3%A4rson-4946b/">LinkedIn</a> | <a href="https://twitter.com/pjparson">Twitter</a></p></li><li><p><strong>Seth Pierrepont</strong> &#127482;&#127480; Partner, Accel, London &#127468;&#127463; <a href="https://www.linkedin.com/in/sethpierrepont/">LinkedIn</a> | <a href="https://twitter.com/slpierre">Twitter</a></p></li><li><p><strong>Evgenia Plotnikova</strong> &#127479;&#127482;&#127467;&#127479; Partner, Dawn Capital, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/evgeniaplotnikova">LinkedIn</a> | <a href="https://twitter.com/evplot">Twitter</a> | <a href="https://medium.com/@evplot">Blog</a></p></li><li><p><strong>Varun Purandar</strong> &#127470;&#127475;&#127482;&#127480; Vice-President, Accel, London &#127468;&#127463; <a href="https://www.linkedin.com/in/varunpurandare/">LinkedIn</a> | <a href="https://twitter.com/vpurandare">Twitter</a></p></li><li><p><strong>Annika Sj&#246;berg</strong> &#127467;&#127470; Communication Director, NGP Capital, Stockholm &#127480;&#127466; <a href="https://fi.linkedin.com/in/annika-sjoberg">LinkedIn</a> | <a href="https://twitter.com/AnnikaSjoberg_">Twitter</a></p></li><li><p><strong>Sarah Turner</strong> &#127468;&#127463; CEO &amp; Co-Founder, Angel Academe, London &#127468;&#127463; <a href="https://www.linkedin.com/in/sarahturneruk/?originalSubdomain=uk">LinkedIn</a> |&nbsp;<a href="https://twitter.com/turnipshire">Twitter</a></p></li></ul>]]></content:encoded></item><item><title><![CDATA[European VC Digest: Lobbying. B2B Marketplaces. Climate Investing. Sheer Panic. Simple Cap Tables.]]></title><description><![CDATA[Capital Call #40]]></description><link>https://www.capitalcall.co/p/european-vc-digest-lobbying-b2b-marketplaces</link><guid isPermaLink="false">https://www.capitalcall.co/p/european-vc-digest-lobbying-b2b-marketplaces</guid><pubDate>Thu, 15 Apr 2021 04:00:25 GMT</pubDate><enclosure url="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/d3f8d6c6-6b54-42cc-be61-e0bb2c75b302_1066x1066.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is your weekly newsletter highlighting what investors in European startups are thinking&#8212;in their own words. <em>We are <a href="https://twitter.com/WillyBraun">Willy Braun</a>, <a href="https://twitter.com/Nicolas_Colin">Nicolas Colin</a> and <a href="https://twitter.com/VincentTouati">Vincent Touati-Tomas</a>. Hit reply if you want to send us feedback!</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!5qUJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!5qUJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!5qUJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!5qUJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!5qUJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!5qUJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png" width="1456" height="485" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:485,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!5qUJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 424w, https://substackcdn.com/image/fetch/$s_!5qUJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 848w, https://substackcdn.com/image/fetch/$s_!5qUJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 1272w, https://substackcdn.com/image/fetch/$s_!5qUJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1307aa08-d43e-461d-9ed9-6d101dcf129b_1456x485.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to all our new subscribers &#129303; If, like us, you&#8217;re interested in everything that&#8217;s happening in European VC, don&#8217;t forget to follow us on Twitter to be kept in the loop at all times: <a href="https://twitter.com/CapitalCall_">@CapitalCall_</a>. Also follow our two Twitter lists: <a href="https://twitter.com/i/lists/1270988352414797824">Featured in Capital Call</a> &amp; <a href="https://twitter.com/i/lists/1270982829351014401">Female VCs in Europe</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!9rKJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!9rKJ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!9rKJ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!9rKJ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!9rKJ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!9rKJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/cc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!9rKJ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!9rKJ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!9rKJ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!9rKJ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcc66d17e-a75e-4ca6-826e-bfd85d8d1cbc_1600x106.png 1456w" sizes="100vw"></picture><div></div></div></a></figure></div><p><strong>Shamillah Bankiya</strong> &#127482;&#127468; and <strong>Virginia Pozzato</strong> &#127468;&#127463; of Dawn Capital are bullish about the developer space and share insights on their thesis: <a href="https://medium.com/dawn-capital/introducing-the-next-generation-of-dev-tools-f9d38389fe8a">Introducing the next generation of dev tools</a>.</p><p><strong>Stefano Bernardi &#127470;&#127481;&#127467;&#127479; &amp; Yannick Roux &#127467;&#127479; </strong>sent their quarterly update about European VC firms raising money from LPs:<a href="https://tinyletter.com/euroVCs/letters/q1-21-european-vc-fundraising-note">Q1 '21 European VC fundraising note</a>.</p><p><strong>Nicolas Colin</strong> &#127467;&#127479; of The Family (and co-host of <em>Capital Call</em>) explains why startup founders (and the investors who back them) are still amateurs when it comes to lobbying&#8212;in <em>Sifted</em>: <a href="https://sifted.eu/articles/startup-lobbying/">Lobbying: it's high time startups up their game</a>.</p><ul><li><p>Also by Nicolas, check out this essay about <a href="https://europeanstraits.substack.com/p/building-startups-across-borders">Building Startups Across Borders</a>.</p></li></ul><p><strong>Hadrien Comte</strong> &#127467;&#127479; of Gaia Capital Partners makes a case for both LPs and entrepreneurs qualifying as the firm&#8217;s clients: <a href="https://medium.com/gaia-voice/client-centricity-in-a-commoditized-world-of-financial-products-925cbd30bbc3">Client-Centricity in a Commoditized World of Financial Products</a>.</p><p><strong>Sebasti&#225;n Fern&#225;ndez-Medrano &#127466;&#127480; </strong>of Samaipatashares some tips on what to get under your belt before raising seed money: <a href="https://medium.com/samaipata-ventures/when-should-i-raise-money-key-milestones-ahead-of-your-seed-round-c07e8ee40962">When should I raise money?: Key milestones ahead of your Seed round</a>.</p><p><strong>Julia Hawkins &#127468;&#127463; </strong>of LocalGlobe looks back at 2020 and what&#8217;s next for her firm, seeing much bigger opportunities in the next 20 years than ever before, including in Europe: <a href="https://medium.com/localglobe-notes/hello-from-localglobe-63ab1fd3713">Hello from LocalGlobe.&nbsp;</a></p><p><strong>Julia Morrongiello &#127464;&#127469; </strong>of Point Nine Capital gives a useful cheat sheet for entrepreneurs going out to fundraise for their B2B marketplaces: <a href="https://medium.com/point-nine-news/the-b2b-marketplace-funding-napkin-2021-f5aca6b53b23">The B2B Marketplace Funding Napkin 2021</a>.</p><p><strong>Patrick Ryan</strong> &#127470;&#127466; of Odin discusses why it&#8217;s so hard to bring retail investors into the venture capital world: <a href="https://odin.substack.com/p/private-">Private &#128721;</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dVdt!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dVdt!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!dVdt!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!dVdt!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!dVdt!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!dVdt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dVdt!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!dVdt!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!dVdt!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!dVdt!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F25552550-cb33-4063-9c4b-c989f5023eee_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><p><strong>Hampus Jakobsson &#127480;&#127466; &amp; Heidi Lindvall</strong> &#127480;&#127466; tell <em>TechCrunch </em>all about their ambition in tackling climate change: <a href="https://techcrunch.com/2021/04/14/pale-blue-dot-aims-to-be-europes-premier-early-stage-climate-investor-and-has-100-million-to-prove-it/">Pale Blue Dot aims to be Europe's premier early-stage climate investor and has $100 million to prove it</a>.</p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!PuQX!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!PuQX!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!PuQX!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!PuQX!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!PuQX!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!PuQX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png" width="1456" height="97" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/fc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:97,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!PuQX!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 424w, https://substackcdn.com/image/fetch/$s_!PuQX!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 848w, https://substackcdn.com/image/fetch/$s_!PuQX!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 1272w, https://substackcdn.com/image/fetch/$s_!PuQX!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc517c2f-558e-4259-96c6-7ada0ec2ab0e_1600x107.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/gdibner/status/1380219122127155202&quot;,&quot;full_text&quot;:&quot;The atmosphere of sheer panic among VCs these days is disconcerting. If I was an LP, I would be sitting on my hands right now. Up and down the capital stack, people have lost their wits, if not their minds.&quot;,&quot;username&quot;:&quot;gdibner&quot;,&quot;name&quot;:&quot;Gil Dibner&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Thu Apr 08 18:00:56 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:27,&quot;like_count&quot;:235,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="twitter-embed" data-attrs="{&quot;url&quot;:&quot;https://twitter.com/Patrick_Newton1/status/1381932085041115146&quot;,&quot;full_text&quot;:&quot;Founders, if you're raising, and a VC says \&quot;keep your cap table simple\&quot;, ask yourself whether that VC is trying to buy up a lot of your company. If so, they may not have your best interests in mind...&quot;,&quot;username&quot;:&quot;Patrick_Newton1&quot;,&quot;name&quot;:&quot;Patrick Newton&quot;,&quot;profile_image_url&quot;:&quot;&quot;,&quot;date&quot;:&quot;Tue Apr 13 11:27:38 +0000 2021&quot;,&quot;photos&quot;:[],&quot;quoted_tweet&quot;:{},&quot;reply_count&quot;:0,&quot;retweet_count&quot;:3,&quot;like_count&quot;:4,&quot;impression_count&quot;:0,&quot;expanded_url&quot;:{},&quot;video_url&quot;:null,&quot;belowTheFold&quot;:true}" data-component-name="Twitter2ToDOM"></div><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!wYku!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!wYku!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!wYku!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!wYku!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!wYku!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!wYku!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png" width="1456" height="96" data-attrs="{&quot;src&quot;:&quot;https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/f510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:96,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!wYku!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 424w, https://substackcdn.com/image/fetch/$s_!wYku!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 848w, https://substackcdn.com/image/fetch/$s_!wYku!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 1272w, https://substackcdn.com/image/fetch/$s_!wYku!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff510e1fc-c6c6-489f-afe7-9d8991b17570_1600x106.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><ul><li><p><strong>Shamillah Bankiya</strong> &#127468;&#127463; VC &amp; Growth Investor, Dawn Capital, London &#127468;&#127463; <a href="https://www.linkedin.com/in/shamillah-bankiya-aa558332/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/2lr">Twitter</a></p></li><li><p><strong>Stefano Bernardi</strong> &#127470;&#127481;&#127467;&#127479; Angel Investor &amp; Scout, Atomico, Italy &#127470;&#127481; <a href="https://www.linkedin.com/in/stefanobernardi/">LinkedIn</a> | <a href="https://twitter.com/stefanobernardi">Twitter</a> | <a href="https://stefanobernardi.com/">Blog</a></p></li><li><p><strong>Nicolas Colin</strong> &#127467;&#127479; Co-Founder &amp; Director, The Family, London &#127468;&#127463; <a href="https://www.linkedin.com/in/nicolas-colin-the-family/">LinkedIn</a> | <a href="https://twitter.com/Nicolas_Colin">Twitter</a> | <a href="https://europeanstraits.substack.com/">Blog</a></p></li><li><p><strong>Hadrien Comte &#127467;&#127479; </strong>Associate, Gaia Capital Partners, Paris &#127467;&#127479; <a href="https://email.mg2.substack.com/c/eJwlkE2OwyAMhU9Tdo34TWHBopu5RkTAaVEJiYA0k9uPM7EsL_z09OzPuwavpRx2XWoj5xjasYLNsNcErUEhW4UyxGAZU1JKRkmwMjCtNIl1mArA7GKyrWxA1m1M0bsWl3w6pBbakLcdTT8ZaXhQMBmttWJOGvC9mvrHBI5euW4LEbIHC18ox5KBJPtuba038bzxH-x937sU8wdCzJ1fZlzFjOPtQkHrHVcN7lzRx0P2HAUSLaecUcEYVZQq0bHOMDMGMFhSGxDUUycUnmT4ONHJiJuk84t3dRtrc_5z5pBi65IgO9TgF7qvPz8dUJm3HNsxoDQmCBeEdrH8xzK8IENBxmFwzbIeEQqte85Ufz2NlIRQnBkpCEaGBV3ZerfG5pJ3Kf0BwyqJAA">LinkedIn</a> | <a href="https://email.mg2.substack.com/c/eJwlUMtuxCAM_JrlGPHMwoFDL_2NiICTRSUQgbPb_H1JY1mWrNF4POMdwlrqaffSkFxjwnMHm-HTEiBCJUeDOsVgGVNSSkZJsDIwrTSJbVoqwOZislgPIPsxp-gdxpIvhtRCG_KySinNF-1msRj1NML0O2Nv7Z_Gi3G-dd0RImQPFt5Qz5KBJPtC3NtDfD34d2_8xOujwZetby8X6kUoGwKJllPOqGCMKkqVGNhgmJkDmF5SGxDUUyeUVszweaGLEQ9Jt5UP7ZgbOv9zXSXVtpIgu47BLwxvf1maOrIdOeI5dWhOEG63eIf2739aIUPtYYbJoWVjz0poPXKmxttdj0MIxZmRgnTJUDorW-_2iC55l9If1VGCMg">Twitter</a> | <a href="https://email.mg2.substack.com/c/eJwlkE1uxCAMhU9TlhG_ESxYdNNrRA44M6gEInCmze1LOpZlCT09m_cFIHzUdvmjdmL3WOg60Bf86RmJsLGzY1tS9EIYrbXgLHodhTWWpb5sDXGHlD21E9lxrjkFoFTL7dBWWceeXnOI28ZH2zhHpSNwN0ut5hU2Keb1fRfOmLAE9PjCdtWCLPsn0dE_1OeH_Bq9Y0znPoW632_NnxDbbak7IUtecim4EoIbzo2axOSEWyO6Udo6VDxwUMYa4eQ6fuPUWLE_5NTPtROE73sxa77XjAWGhr84vcIdahnKfpZE1zKkNWN856U3tn8CywMLtoEzLkBezIOWsnaWwszvfAOIUkYKpxUbJ2MdruIDHIkgB8j5D4b-g0g">Blog</a></p></li><li><p><strong>Gil Dibner</strong> &#127482;&#127480;&#127470;&#127473; Founder &amp; General Partner, Angular Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/gildibner/">LinkedIn</a> | <a href="https://twitter.com/gdibner">Twitter</a> | <a href="https://medium.com/@gdibner">Blog</a></p></li><li><p><strong>Sebasti&#225;n Fern&#225;ndez-Medrano </strong>&#127466;&#127480; Principal, Samaipata, Madrid &#127466;&#127480; <a href="https://es.linkedin.com/in/sebastianfernandezmedrano">LinkedIn</a> |<a href="https://twitter.com/splento/status/1012305864974327809">Twitter&nbsp;</a></p></li><li><p><strong>Julia Hawkins </strong>&#127468;&#127463; General Partner, LocalGlobe, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/juliahawkins01">LinkedIn </a>| <a href="https://twitter.com/svennj">Twitter&nbsp;</a></p></li><li><p><strong>Hampus Jakobsson </strong>&#127480;&#127466; General Partner, Pale Blue Dot, Malm&#246; &#127480;&#127466;&nbsp; <a href="https://se.linkedin.com/in/hampusjakobsson">LinkedIn</a> | <a href="https://twitter.com/hajak?lang=fr">Twitter</a></p></li><li><p><strong>Heidi Lindvall </strong>&#127480;&#127466; General Partner, Pale Blue Dot, Malm&#246; &#127480;&#127466;&nbsp; <a href="https://se.linkedin.com/in/heidilindvall">LinkedIn </a>| <a href="https://twitter.com/heidilindvall?lang=fr">Twitter</a></p></li><li><p><strong>Julia Morrongiello </strong>&#127464;&#127469; Associate, Point Nine Capital, Berlin &#127465;&#127466; <a href="https://www.linkedin.com/in/juliamorrongiello/">LinkedIn</a> | <a href="https://twitter.com/juliamorrongiel">Twitter</a> | <a href="https://medium.com/@JuliaMorrongiel">Blog</a></p></li><li><p><strong>Patrick Newton </strong>&#127468;&#127463; Founding Partner, Form Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/patrick-newton-43b9682b/?originalSubdomain=uk">LinkedIn</a> | <a href="https://twitter.com/patrick_newton1?lang=en">Twitter</a> | <a href="https://patrick-newton1.medium.com/">Blog</a></p></li><li><p><strong>Virginia Pozzato</strong> &#127468;&#127463;&#127470;&#127481;&nbsp; VC Investor, Dawn Capital, London &#127468;&#127463; <a href="https://uk.linkedin.com/in/virginia-pozzato-7b8802100">LinkedIn </a>| <a href="https://twitter.com/virgipozzato?lang=fr">Twitter</a></p></li><li><p><strong>Yannick Roux</strong> &#127467;&#127479; Investor, Semantic Ventures, London &#127468;&#127463; <a href="https://www.linkedin.com/in/yannickroux/">LinkedIn</a> | <a href="https://twitter.com/yanroux?lang=en">Twitter</a></p></li><li><p><strong>Patrick Ryan&nbsp; &#127470;&#127466;</strong>&nbsp;Co-founder, Odin, London &#127468;&#127463;&nbsp;<a href="https://uk.linkedin.com/in/paddy-ryan">LinkedIn</a>&nbsp;|&nbsp;<a href="https://twitter.com/ry_paddy">Twitter</a>&nbsp;|&nbsp;<a href="https://odin.substack.com/">Blog</a></p></li></ul>]]></content:encoded></item></channel></rss>