Upside
This week's happenings in startup and investing land. Getting underneath VC, and discussing how to better support the European startup eco-system.
Every week we share what's been on our mind and get under the skin of VC, investing, startups and founder psychology.
From the team behind SuperSeed who invest in technical teams solving difficult business problems.
The network is run on LinkedIn so join me there - https://www.linkedin.com/in/danbowyer/
With full interview audio and video uploaded to all major outlets.
Love to hear from you - dan@superseed.com
Upside
Markets Too Hot? - The DeepMind Shake Up - The UKs £1bn Fund
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Upside #103 - Power Laws, Poached Engineers & The Chuck Norris of Coding
Unpacking the week's news that will affect European venture capital, startups and investing. Mads and Dan from SuperSeed host.
This week: special guest Sion Evans, MD at VenCap International, the Oxford fund-of-funds that's put $3bn into 500 funds and politely passed on Palantir. He's fine about it.
02:27 Palantir doubles revenue; CXMT becomes China's most valuable company. State capitalism: annoyingly effective?
09:58 Stoxx 600 hits a record 657. All five of Europe's best-performing stocks are semiconductors. Some don't even have growing revenue. Vibes-based repricing, live.
14:54 SpaceX's first public quarter: analyst targets range from $62 to $800. So, nobody knows.
17:45 Bending Spoons buys Airtable for $1.3bn — a mere $10bn below its 2021 valuation. Sion: "I never get tired of a billion-dollar exit."
29:13 Demis steps aside; Jeff Dean leaves Google after 27 years to run science experiments. Google invests anyway. Keep your enemies funded.
37:07 The £1bn UK Scale-up Fund, plus VenCap's receipts: 17 billion-dollar funds, 2.8x net, and the top 5 of 759 companies drive a third of all value. Power law, power law, power law.
53:45 Deals: Olix raises $312m; iron-air batteries get $43m.
