Choco

“So we've invested in 30 companies. Many of them have turned unicorns or decacorns like Deal, Presonio, Shoko, Forto, where we've had the privilege to be seed investors.”

“First week of COVID, everyone gets a week off. And I said, okay, it might be great. Everyone can adjust the new situation. Like the opposite was the case. Like purpose was gone. So I think that was a mistake.”

“I think it's bullshit.”

“This thing is going to learn how to code in no time. And maybe not now, maybe not next year, maybe 27, maybe in 28, like where's our technological mode is going to be? Like it might just be gone, like anyone maybe able to replicate what we have built over year…”

“I can tell you our GMV, since this AI transition grew like tremendously, I think it took us with kind of like the two years of COVID break, it took us probably five years to get to one and a half billion-ish, and it took us then less than yet at another billio…”

“We also automate a large part of our customer care, large part of our kind of more account management can kind of work and replace it with AI.”

“Now the real downside to me is that it's at one billion mark, because once we become unicorn and people think, oh, we've made it. Like we've done, we, we're great now. Kind of people get less hungry. And then you get applications of people who look for a safe …”

“I wish you would have, you know, spent double the amount of money, have tripled the amount of burn probably in the first 24 months of our company.”

“When COVID hit and when you lose 98% of your GMV at, and it's a very first week of it”

“We literally had to do nothing, and our price is now 80% lower than six months ago, despite probably having five or six extra transactions.”

“When we started Choco, there was no way To raise twenty million, even just twenty million euros in Germany. It just did not exist. That kind of funds that you could raise one, you could raise five, maybe 10, 20 just did not exist.”