Challenging Dogmatic Narratives in Venture Capital, with Fergal Mullen, Co-Founder & Partner at Highland Europe.

How do investors strike the delicate balance between fund size, investment strategy, and portfolio construction to maximize returns?In today's markets, that's a tricky question. VCs need to keep one eye on waning IPO activity and intensifying competition while also grappling with unpredictable market dynamics.One firm that has done this successfully is Speedinvest – much to the credit of its co-founding partner Daniel Keiper-Knorr. The firm focuses on early-stage investments and has offices in Berlin, London, Munich, Paris, and Vienna, and total assets under management exceeding €1bn. In this episode of Capital Conversations, Keiper-Knorr discusses the story behind Speedinvest and the complex craft of fund sizing and modeling.****Through our research, thought leadership, and annual program, IMD’s Venture Asset Management Initiative aims to demystify venture asset management in Switzerland and across Europe.To find out more about IMD visit imd.orgFor more information about our Venture Capital Asset Management program click here

30 Syys 202420min

In the high-stakes context of venture capital, portfolio triage isn't just a strategy – it's a survival skill. As markets shift and startups struggle, VCs face the brutal task of deciding which companies to save and which to let go. But it's not just about cold, hard numbers. It's a delicate dance of managing expectations, balancing resources, and sometimes delivering hard truths to passionate founders Michael Stucky is Chief Investment Officer at Serpentine Ventures and a coach and mentor of young entrepreneurs and spin-off companies from ETH Zurich (ETHZ). In this episode, we dive into the trenches with Michael and explore how VCs navigate the treacherous waters of portfolio triage, and what it means for both investors and startups when the lifeboats are limited and not everyone can make the cut.  ****Through our research, thought leadership, and annual program, IMD’s Venture Asset Management Initiative aims to demystify venture asset management in Switzerland and across Europe.To find out more about IMD visit imd.orgFor more information about our Venture Capital Asset Management program click here

29 Elo 202413min

In this new episode of Capital Conversations, Harshul Sanghi outlines the critical factors that underpin successful GP-LP relationships in venture capital, and the value of trust.Harshul Sanghi is a Co-Founding Partner at WillowTree Investments. During his tenure as head of the $1.3 billion venture capital division at American Express that he founded in 2011, he pioneered strategic investments, fostering partnerships with 89 companies and significantly contributing to the company's innovation strategy.*****Through our research, thought leadership, and annual program, IMD’s Venture Asset Management Initiative aims to demystify venture asset management in Switzerland and across Europe.To find out more about IMD visit imd.org

31 Heinä 202413min

Part 2 of Capital Conversations, with Evgenia Plotnikova.As technology advances and industries transform, venture capitalists face a critical decision: should they cast a wide net, or home in on a niche?To guide investors through this choice, Evgenia Plotnikova, General Partner at Dawn Capital, has sat down with IMD's venture asset management team.As the youngest woman in Europe to be internally promoted to GP, Evgenia leads the company's B2B SaaS (Software as a Service) deals from early stage to pre-IPO. With a particular love for data, automation, and cloud infrastructure, she has led the firm's investments in Dataiku, Soldo, and Firebolt among others.Dawn Capital is Europe's leading specialist B2B software venture capital investor. Founded in 2007, it has over $2bn in assets under management and is currently deploying from a $620m Fund 5 with initial tickets ranging from $10-40m at Series A or B stages. ---Find out more about IMD at imd.orgThis podcast was editorialized by Raphael Grieco, VC Researcher at IMD

1 Heinä 202417min

As technology advances and industries transform, venture capitalists face a critical decision: should they cast a wide net, or home in on a niche?To guide investors through this choice, Evgenia Plotnikova, General Partner at Dawn Capital, has sat down with IMD's venture asset management team.As the youngest woman in Europe to be internally promoted to GP, Evgenia leads the company's B2B SaaS (Software as a Service) deals from early stage to pre-IPO. With a particular love for data, automation, and cloud infrastructure, she has led the firm's investments in Dataiku, Soldo, and Firebolt among others.Dawn Capital is Europe's leading specialist B2B software venture capital investor. Founded in 2007, it has over $2bn in assets under management and is currently deploying from a $620m Fund 5 with initial tickets ranging from $10-40m at Series A or B stages. ****Through our research, thought leadership, and annual program, IMD’s Venture Asset Management Initiative aims to demystify venture asset management in Switzerland and across Europe.To find out more about IMD visit imd.orgFor more information about our Venture Asset Management Initiative click hereThis podcast was editorialized by Raphael Grieco, VC Researcher at IMD

14 Kesä 202416min

With trillions in assets worldwide, pension funds play a dual role, acting as both asset and liability managers, influencing their exposure to venture capital. In this episode of Capital Conversations, Bertrand Mueller a founding partner at DAA Capital, uncovers the strategies and dynamics behind this often-overlooked relationship.We learn how pension funds shape their engagement with venture capital by providing stable, long-term capital, adjusting risk profiles, and seeking diversification within the venture capital landscape.*****Through our research, thought leadership, and annual program, IMD’s Venture Asset Management Initiative aims to demystify venture asset management in Switzerland and across Europe.To find out more about IMD visit imd.orgFor more information about our Venture Capital Asset Management program click hereThis podcast was editorialized by Raphael Grieco, VC Researcher at IMD

14 Touko 202418min

Part 2 of our conversation with Chris Douvos, on how the Emerging Managers segment in Venture Capital has evolved since 2010.Chris Douvos founded Ahoy Capital in 2018, focusing on backing emerging venture capital fund managers. With nearly two decades in venture capital, he's a pioneer in the micro-VC movement.At Ahoy Capital, the focus is on intentionally right-sized investment vehicles, believing that size can hinder performance. They prioritize concentrated portfolios, anchored by top-performing VC managers, alongside dynamic emerging managers and co-investments.With experience catalyzing leading managers since the early micro-VC days, Ahoy pursues a conviction-based strategy, backing dynamic nascent managers and companies with sustainable competitive advantages or leveraging innovation ecosystems. *****Through our research, thought leadership, and annual program, IMD’s Venture Asset Management Initiative aims to demystify venture asset management in Switzerland and across Europe.To find out more about IMD visit imd.orgFor more information about our Venture Asset Management Initiative click hereThis podcast was editorialized by Raphael Grieco, VC Researcher at IMD

10 Huhti 202418min

In this new episode of Capital Conversations, we explore “How the Emerging Managers segment in Venture Capital has evolved since 2010” with Chris Douvos. Chris Douvos founded Ahoy Capital in 2018, focusing on backing emerging venture capital fund managers. With nearly two decades in venture capital, he's a pioneer in the micro-VC movement. At Ahoy Capital, the focus is on intentionally right-sized investment vehicles, believing that size can hinder performance. They prioritize concentrated portfolios, anchored by top-performing VC managers, alongside dynamic emerging managers and co-investments. With experience catalyzing leading managers since the early micro-VC days, Ahoy pursues a conviction-based strategy, backing dynamic nascent managers and companies with sustainable competitive advantages or leveraging innovation ecosystems. *****Through our research, thought leadership, and annual program, IMD’s Venture Asset Management Initiative aims to demystify venture asset management in Switzerland and across Europe.To find out more about IMD visit imd.orgFor more information about our Venture Asset Management Initiative click hereThis podcast was editorialized by Raphael Grieco, VC Researcher at IMD

22 Maalis 202414min