Reference Washing and the Consensus Trap: Why Most Angel Syndicate Diligence...
The reference calls went well. All four contacts spoke positively about the founder: driven, visionary, great with...
IC Design for Lean Seed Funds: Why Institutional Governance Fits the...
A two-partner seed fund in Germany closes its first fund at EUR 42 million. Both founders have...
The Sprawling Thesis: Why Most Fund I Investment Criteria Cannot Say...
The meeting runs for ninety minutes. The founder is credible, the market is large, the team has...
The Five Biases That Corrupt Early-Stage Evaluations (And When They Actually...
Analysts new to early-stage investing tend to worry about bias at the obvious moments: when a founder...
The Comfort-Optimised IC: Why Most Small EU Seed Funds Are Running...
Most small EU seed funds have structured their investment committee process to reduce partner anxiety, not to...
The Climate of Venture Capital in 2025
A Web Summit Reflection for Anyone Trying To Understand What Is Actually Happening Inside VC Right Now...