Direct Startup Investment for Family Offices: The Governance Gap Nobody Talks...
The audit had been prompted by a generational transition. The second generation was coming into the family...
The Fund Administration Decision: Why Cost Is the Wrong Starting Point
She was raising a EUR 40 million first fund focused on DACH B2B SaaS. She had two...
The Investor Update as a Judgment Signal
The Series A process had been running for six weeks. Two investors had passed after the first...
LP Communication That Builds Confidence: Beyond Metric Theatre
The quarterly update arrived on time. Eleven pages. Four portfolio company summaries, each two paragraphs. A fund-level...
The CVC Mandate Trap: When Strategic and Financial Goals Are Not...
A large European industrial corporation establishes a EUR 150 million corporate venture unit. The mandate, as documented...
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 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...