Balderton Capital

also referred to as: balderton · bc · bcs

21 statements across 12 episodes · 9 bullish · 1 bearish · 10 people on the record · first statement Mar 12, 2015 by James Wise · said 74 times in 24 episodes since 2015 · across every show →

Mentions by year

brought up most by Harry Stebbings (47), James Wise (8), Chris Morton (4), Luke Lang (3), Alan Chang (3), Jason Lemkin (2), Christoph Janz (2), Nico Wittenborn (1)

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036201520162017201820192020202120222023202420252026episodes it came up in
002.5356201520162017201820192020202120222023202420252026episodesmentions per episode
2026 11 mentions in 4 episodes 3 per episode
2025 2 mentions in 2 episodes 1 per episode
2024 2 mentions in 1 episode
2023 2 mentions in 1 episode
2021 3 mentions in 2 episodes 2 per episode
2020 1 mention in 1 episode
2017 3 mentions in 1 episode
2016 25 mentions in 6 episodes 4 per episode
2015 25 mentions in 6 episodes 4 per episode

every mention, scene by scene, with the transcript →

Everything said about Balderton Capital, oldest first

Mar 12, 2015 positive
Disclosure
Wise: Balderton Capital's most recent investment is in MyTomorrows
“Most recent investment was in a company called MyTomorrows. They are targeting the delivery of drugs on, for early access programs. So completely changing the way that drug distribution is done for people who are very, very ill. And we said yes, because we tho…”
James Wise Mar 12, 2015 ▶ 18:43 20 VC 019: Funding the Future with James Wise of Balderton Capital
Mar 12, 2015
Assertion Supported
Balderton Capital limits check sizes between $1 million and $100 million
“We don't do a hundred million dollar tickets, and we don't really do less than a million dollar tickets.”
James Wise Mar 12, 2015 ▶ 9:28 20 VC 019: Funding the Future with James Wise of Balderton Capital
Mar 12, 2015
Assertion Not publicly verifiable
Wise: Balderton holds companies for an average of 7.1 years before exit
“You know, we normally know the companies we invest in for, I think it's just about two years before we invest, and we On average, hold our companies for 7.1 years before exit.”
James Wise Mar 12, 2015 ▶ 10:21 20 VC 019: Funding the Future with James Wise of Balderton Capital
Mar 16, 2015 bullish
Disclosure
Crowdcube Raised £1.2M on Its Own Platform Alongside Balderton's £3.8M Round
“On three, three occasions. Yeah, the first time was, you know, 300,000 pounds, then it was 1.5 million, and then most recently where we did it, did a raise with Boulderton Capital, we raised 1.2 million, which topped up the 3.8 from Boulderton and we did that …”
Luke Lang Mar 16, 2015 ▶ 24:05 20 VC 020: Revolutionising Investing with Luke Lang, Co-Founder of Crowdcube
Jun 22, 2015 neutral
Disclosure
Balderton Capital invested around £4 million in Crowdcube
“As we did on CrowdCube, we invested four million or so pounds”
Rob Moffat Jun 22, 2015 ▶ 16:25 20 VC 047: 4 Ways Investors Find Great Startups with Rob Moffat, Principal @ Balderton Capital
Jun 22, 2015 neutral
Assertion Not checkable as stated
Rob Moffat: Most venture capital recruits are headhunted
“Most people who get recruited into BC get headhunted so sort of chasing it is unlikely to work”
Rob Moffat Jun 22, 2015 ▶ 19:54 20 VC 047: 4 Ways Investors Find Great Startups with Rob Moffat, Principal @ Balderton Capital
Jun 22, 2015
Insight
Moffat: Great VCs challenge assumptions rather than relying on pattern recognition
“In terms of finding interesting deals, I think the ability to keep challenging your assumptions. I think it's easy to get a VC to talk about pattern recognition and you have a bunch of sort of simple shortcuts in your brain on what a good entrepreneur should l…”
Rob Moffat Jun 22, 2015 ▶ 5:02 20 VC 047: 4 Ways Investors Find Great Startups with Rob Moffat, Principal @ Balderton Capital
Jun 22, 2015
Assertion Not checkable as stated
Portfolio support grows from 10% to 50% of a VC's time
“The longer you spend in VC, I've been doing it for six years now, and started off with probably 10% of my time on portfolio companies and now it's probably more like 50%,”
Rob Moffat Jun 22, 2015 ▶ 6:48 20 VC 047: 4 Ways Investors Find Great Startups with Rob Moffat, Principal @ Balderton Capital
Nov 23, 2015 positive
Assertion Not checkable as stated
Balderton partners receive equal compensation, voting rights, and deal allocations
“Boston is an equal partnership. There are very few venture capital firms that are equal partnerships certainly over time. And what equal partnership means is that you know, there are six partners at Boston today, and all of those six partners are entirely equa…”
Suranga Chandratilake Nov 23, 2015 ▶ 18:00 20 VC 090: Balderton Capital's General Partner, Suranga Chandratillake on What It Takes To Be A Great CEO
Nov 23, 2015 neutral
Disclosure
Balderton has no clear partner promotion track for analysts
“We're pretty open about the fact that our policy is that there isn't a clear track from, you know, analyst to principal to partnership.”
Suranga Chandratilake Nov 23, 2015 ▶ 21:40 20 VC 090: Balderton Capital's General Partner, Suranga Chandratillake on What It Takes To Be A Great CEO
Nov 25, 2015 bullish
Disclosure
Waterhouse: Why Balderton decided to invest in Curious AI in 40 minutes
“The last one was actually Curious AI, which we talked about which is as you mentioned, is a new AI company in Finland. And I made the decision in 40 minutes because the entrepreneur is extraordinary, and the ambition of what he wants to do is, is very compelli…”
Daniel Waterhouse Nov 25, 2015 ▶ 20:54 20 VC 091: Daniel Waterhouse @ Balderton Capital on Investing Styles, Venture Landscapes and The Future of AI
Apr 25, 2016 positive
Disclosure
Wise: Balderton receives 5,000-6,000 funding applications annually, double 2014 levels
“Our deal flow now is five to 6000 applications a year for funding. I mean, not all of them viable or, but you know, it's more than double what it was a couple of years ago.”
James Wise Apr 25, 2016 ▶ 17:26 20VC: Europe's Youngest Series A Venture Partner, James Wise @ Balderton Capital on How To Get Into Venture & What The Future Of The VC Industry Looks Like
Apr 25, 2016 bullish
Prediction Held up
Wise: Balderton will invest in narrow AI applications, not general AI platforms
“So once again, I don't think we're going to make investments in AI companies as a whole, right? I don't think that's the thing, but I think companies which have already thoughtfully found ways to apply what have been recently Some significant breakthroughs in …”
James Wise Apr 25, 2016 ▶ 29:39 20VC: Europe's Youngest Series A Venture Partner, James Wise @ Balderton Capital on How To Get Into Venture & What The Future Of The VC Industry Looks Like
Sep 27, 2021 positive
Assertion Supported
JOKR has raised over $170M from GGV, Balderton, SoftBank, and Kaszek
“To date, Ralph has raised over a hundred and seventy million dollars for the company, from the likes of GGV, Balderton, Soft SoftBank and Kazak, to name a few.”
Harry Stebbings Sep 27, 2021 ▶ 0:24 20VC: The Rise of Quick Commerce and Why CPGs ARe Misaligned Being Powered By Ad Spend, The 5 Core Components Consumers Care About When Ordering Today & Why Amazon and Alibaba Will Not Be The Big Players in 10 Years with Ralf Wenzel, Founder & CEO @ JOKR
May 22, 2023 positive
Assertion Partly supported
Point Nine broke its rules to invest in Revolut's seed round
“When I was with .9 and reinvested in Revolut, it was both outside of the focus, right? It's a mobile consumer app. It was actually had just closed the seat round with Balderton. So there was no actionable opportunity and the only way to get in was actually for…”
Nico Wittenborn May 22, 2023 ▶ 44:40 Nico Wittenborn: Consumer Subscription Apps; Using Evolutionary Biology to Invest; Solo GP's | E1017 · 20VC with Harry Stebbings
Jul 31, 2023 negative
Insight
Nyatta: Early-Stage VCs Prioritize Quick Markups Over Durable Businesses
“BCs want to mark up the company. Often that's the goal, especially if you're at the early stage, right? You want the A to be lower than the B by some margin, and then you want to raise a new fund on the back of the B or C. That's a very different goal from the…”
Shu Nyatta Jul 31, 2023 ▶ 14:23 Marcelo Claure & Shu Nyatta: LATAM's New $500M Growth Fund; Investing Billions at SoftBank | E1042 · 20VC with Harry Stebbings
Jul 27, 2025
Assertion Partly supported
Stebbings Managed $200M Fund Five Years After Launching 20VC Podcast
“When I started the podcast, I had the vision that I would be an associate at Balderton Capital in five years time. In five years time, I was managing two hundred million dollars with my own fund.”
Harry Stebbings Jul 27, 2025 ▶ 4:21 20Product: Should We Kill the PM Role Entirely | How Does Product Design Change Most in a World of AI | How Do Monzo Build Product Today: What Works, What Does Not | Why Most Product Sucks and What Makes Truly Great Product
Oct 9, 2025 neutral
Assertion Supported
Lemkin: Balderton led Revolut's seed round at $8M post-money
“Balderton bought, led the seed round in Revolut, two million at eight post. Two million at eight post, and then led the A on top of it, right?”
Jason Lemkin Oct 9, 2025 ▶ 30:21 OpenAI's Multi-Billion Deal with AMD & Polymarket, Vercel and Supabase Raise Mega Rounds · 20VC with Harry Stebbings
Jan 5, 2026
Disclosure
Chang honored a $140M oral agreement over a higher term sheet
“It was roughly where we were at a 145. About one 40 actually. And we had an oral agreement with Bolton, we'll take the term sheet. And then, but we haven't signed the term sheet yet. And then later, there was another investor that came, they came and said, I w…”
Alan Chang Jan 5, 2026 ▶ 52:37 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 positive
Opinion
Chang: Balderton repeatedly backs ex-Revolut teams due to past investment success
“Yeah, I think they really, really like the concept, and I think what they realize is, is a pretty good strategy, and I realize after the, you know, a lot of their investments, I think they, they've just, because they made so much money from the Revlon investme…”
Alan Chang Jan 5, 2026 ▶ 51:22 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
Jan 5, 2026 neutral
Assertion Not checkable as stated
Chang confirms he parked a Ferrari outside his Balderton pitch
“Yeah, there's some truth to that, yeah.”
Alan Chang Jan 5, 2026 ▶ 51:11 Fuse CEO Alan Chang: The Revolut Playbook of Speed & Ownership, Why Founders Aren’t Ambitious Enough · 20VC with Harry Stebbings
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