France's national investment bank, led by Nicolas Dufourc, finances businesses at every stage of development through loans, guarantees, and equity investments. In this week's episode, we explore its pivotal role in fostering entrepreneurship through a grassroots approach to innovation and commitment to supporting diverse communities. Dufourc discus…

Over the past decade, American VCs have outraised their European counterparts by hundreds of billions of dollars. But why? Nathaniel Arnold and Jan-Martin Frie say several factors are at play, including fragmented markets, a disparity in private capital, and Europe's comparative absence of institutional investors. The result has been a "scale-up ga…

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 successfu…

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 successfu…

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 …

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 foun…

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 tea…

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 promot…

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 pen…

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 int…

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 …

In the second part of Fergal Mullen's interview, the co-founder and Partner of Highland Europe provides a pragmatic take on venture capital practices, addressing key industry dogmas. Mullen questions the bias against first-time entrepreneurs and talks about the importance of getting feedback from founders. He delves into the significance of geograp…

Fergal Mullen is a co-founder and Partner of Highland Europe focused on enterprise SaaS and consumer internet companies. He represents Highland Europe on the boards of GetYourGuide.com, AMCS, Nexthink, Bitmovin, Meditopia, Unibuddy, and Podimo. Highland Europe is currently investing from its 5th Fund which is just over €1B. In total, the firm manag…

In episode one of Capital Conversations, Olivier Laplace, Managing Partner at VI Partners, discusses the evolving landscape of the technology investment market. Olivier Laplace explores the nature of the current crisis, drawing parallels to previous downturns and highlighting the unique features of the current situation. His advice to founders cent…

Capital Conversations: Insights into the World of Venture Capital, is a podcast series produced by IMD and its Venture Asset Management Initiative. Subscribe for future episodes. To find out more about IMD visit imd.org For more information on IMD's Venture Asset Management Initiative click hereעל ידי IMD