Elon bought Twitter faster than you can coordinate a notary appointment in continental Europe :)
...yes, it is not only German deal making that gets slowed down by "notarizations"
The big problem with European startup boards is that there are far too few (former) CEOs/execs on them and many VCs (mostly with none or little operating experience) see them as trophies. Agree?
My key learning in venture: things take longer than you think, but can get bigger than you can imagine.
Consequence: the standard 10 years duration is too short for venture funds.
The critique on the European startup ecosystem is, weirdly, a testament to how far we have come.
Because โโฆin reality, there is no European startup ecosystem. Itโs just a bunch of countries competing on their own.โ
10-15 years ago there was not much there to even criticize. If
I keep on wondering why many US tech folks continue to ridicule the European tech sector, regulations, business practices etc. There is some truth in all of this, but it also is mostly greatly exaggerated and misses any nuance.
My recent take: the US is heavily depending on
1/ To celebrate one of my favorite 80s songs, 99 Luftballons (99 Red Balloons), and our long-standing relationship with the number 9, we've raised a โฌ99,999,999 fund.
youtu.be/0fmHCpfAknE
๐ฅ๐ฅ The rumours are true, @ric0seq has joined @pointninecap! He started today and is in serious work mode already (and eating bananas)...more info soon
Welcome!
Working in VC is an interesting experience:
- super exciting job, some would pay for ability to do it, and I agree
- you are guaranteed to make wrong decisions all the time. try staying sane being aware of this
- v hard to be good at it (results) and you only know after years
