European VC Digest: Arsenal. Data Network Effects. Getting Rich Slowly. SPACs. Financial Markets. Personal Branding.
Capital Call #42
This is your weekly newsletter highlighting what investors in European startups are thinking—in their own words. We are Willy Braun, Nicolas Colin and Vincent Touati-Tomas. Hit reply if you want to send us feedback!
Welcome to all our new subscribers 🤗 If, like us, you’re interested in everything that’s happening in European VC, don’t forget to follow us on Twitter to be kept in the loop at all times: @CapitalCall_. Also follow our two Twitter lists: Featured in Capital Call & Female VCs in Europe.
Nicolas Colin 🇫🇷 of The Family (and co-host of Capital Call) explains why Daniel Ek buying Arsenal might be a coming of age for European tech (in Sifted): Would Daniel Ek buying Arsenal be a gamechanger for European tech?
Alexandre Dewez 🇫🇷 of Idinvest delves into the European instant grocery market: 🐑 A Pamphlet Against Getir & GoPuff's European Copycats.
Benedict Evans 🇬🇧, a venture partner with both Mosaic Ventures & Entrepreneur First, casts a light on how much the pandemic has changed retail: Step changes in ecommerce.
Aurore Falque-Pierrotin 🇫🇷 of Samaipata writes about whether or not data can trigger increasing returns to scale: Data network effects — the new Holy Grail?
Melanie Hayes 🇬🇧 & Milly Shotter of Bethnal Green Ventures make the case for more transparency on VC returns: VCs need to adopt some of that 'radical transparency' startups love.
Balthazar de Lavergne 🇫🇷 of The Family shares wise words about the virtue of patience and discipline: Getting Rich Slowly.
Mina Mutafchieva 🇵🇱 of Dawn Capital writes about an Australian, a Belgian and a Dane walking into a tough data engineering problem: Why We Invested in CluedIn.
Patrick Newton 🇬🇧 of Form Ventures suggests the UK push harder so that retail investors can have access to VC as an asset class (in City AM): To make the UK a tech leader, retail money must be given more access to private investments.
Mathias Pastor 🇫🇷 of The Family tells you everything you ever wanted to know about SPACs: A primer on SPACs.
Tristan Schnegg 🇬🇧 & Samon Sanchuli 🇹🇲🇮🇷 of Collective Equity have compiled data on 1020 founders that have become limited partners in VC funds: From Founder to Limited Partner.
Lily Shaw 🇬🇧 of Omers Ventures reflects on her past experience on public markets and what stayed the same now that she works in VC: Blurring lines: public and private markets (Part I).
Beata Klein 🇸🇪 of Creandum shares insights on how to build a personal brand as an investor and the role played by content: Building a Brand with Beata Klein.




Nicolas Colin 🇫🇷 Co-Founder & Director, The Family, London 🇬🇧 LinkedIn | Twitter | Blog
Fred Destin 🇧🇪 Founder, Stride.VC, London 🇬🇧 LinkedIn | Twitter | Blog
Alexandre Dewez 🇫🇷 Analyst, Idinvest, Paris 🇫🇷 LinkedIn | Twitter | Blog
Benedict Evans 🇬🇧 Venture Partner, Entrepreneur First & Mosaic Ventures, London 🇬🇧 LinkedIn | Twitter | Blog
Aurore Falque-Pierrotin 🇫🇷 Principal, Samaipata, Paris 🇫🇷 LinkedIn | Twitter
Melanie Hayes 🇬🇧Managing Partner, Bethnal Green Ventures, London 🇬🇧 LinkedIn | Twitter
Henna Keränen 🇸🇪 Strategic Partnerships, Sting, Stockholm 🇸🇪 LinkedIn | Twitter
Beata Klein 🇸🇪 Associate, Creandum, Stockholm 🇸🇪 LinkedIn | Twitter | Blog
Balthazar de Lavergne 🇫🇷 Director, The Family, London 🇬🇧 LinkedIn | Twitter | Blog
Mattias Ljungman 🇸🇪 Founder, Moonfire Ventures, London 🇬🇧 LinkedIn | Twitter | Blog
Mina Mutafchieva 🇵🇱 Principal, Dawn Capital, London 🇬🇧 Twitter | Blog
Patrick Newton 🇬🇧 Founding Partner, Form Ventures, London 🇬🇧 LinkedIn | Twitter | Blog
Mathias Pastor 🇫🇷 Director, The Family, London 🇬🇧 LinkedIn | Twitter | Blog
Samon Sanchuli 🇹🇲🇮🇷 Equity Analyst, Collective Equity Ownership, London 🇬🇧 LinkedIn | Twitter
Tristan Schnegg 🇬🇧 Equity Analyst, Investor, Collective Equity Ownership, London 🇬🇧 LinkedIn
Lily Shaw 🇬🇧 Associate Investor, OMERS Ventures, London 🇬🇧 LinkedIn | Twitter
Milly Shotter 🇬🇧 Partner, Bethnal Green Ventures, London 🇬🇧 LinkedIn | Twitter