Satire. But, many truths within the jokes. EU VCs have a higher return rate the research shows (Websummit 2024 quote). Ofc, going from 1 to 2 (analogy btw) gives you a 100% return. If your "seed round" is €50 to €150k, good luck paying a team, even less just a simple cost of living for any of the founders. 💁🏽♀️ EU VCs in their defense say: Blah, blah, blah (Subtitle = we are afraid to lose our money). I say: Show me the money + some vision + some courage. And, yes. KPIs are important :)
CEO at twinzo | Digital Twins | >117k follows | Helping Organizations That Seek Operational Excellence to Be More Effective
John Travolta and Samuel L. Jackson already knew 30 years ago why Europe is in trouble. A fantastic video showing the problem: 👉 US startups need Vision, Disruption, and Product Market fit. 👉 European startups need: KPIs, metrics, term sheets signed by notaries. Seen thanks, Justinas Pasys and Daniel Olmedo Nieto from EasyVC 🙏 ----------- Follow Michal Ukropec for more 3D, digitization, and Industry 4.0 trends | #innovation #startup #digitaltwin