Klaus Hommels

19 statements across 1 episodes · 4 bullish · 4 bearish · 1 people on the record · first statement Nov 27, 2024 by Klaus Hommels · said 4 times in 3 episodes since 2015 · across every show →

On the record as a speaker too: Klaus Hommels's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (4)

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Everything said about Klaus Hommels, oldest first

Nov 27, 2024 negative
Insight
Hommels: VCs need meaningful ownership so wins actually move the needle
“I do think that you need to have ownership in that sense that some of the crypto funds that I'm seeing, they invest many, many, many companies, very, very small sums, so it never makes a difference if you're right. So you need to make sure that it makes a diff…”
Klaus Hommels Nov 27, 2024 ▶ 51:20 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 negative
Disclosure
Hommels lost 60% of his personal wealth on startup Wunderloop
“So my biggest yeah, nightmare, I wouldn't say, but at that time it was a pretty nightmare, was a company called Wunderloop, where basically I worked with a friend of mine, like three, three and a half years, just to lose 60% of my wealth.”
Klaus Hommels Nov 27, 2024 ▶ 59:49 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Insight
Hommels: Happiness requires pleasing both your 8-year-old and 80-year-old self
“There are two things that make me, would make me happy, and that's the final word then. I need to be proud, proud of my eight-year-old me, what I have achieved and what I've dreamt of, and proud of my eighty-year-old me. When I look back and say, how, how have…”
Klaus Hommels Nov 27, 2024 ▶ 1:12:29 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Disclosure
Hommels claims six or seven investments returned over 100x, including one 1000x
“I have something like six, seven investment more than a hundred times money, one even thousand times, and some more like six or so in the range of 30 to 60 times money.”
Klaus Hommels Nov 27, 2024 ▶ 1:05:15 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 positive
Disclosure
Hommels made 100,000 on Puma's IPO in three months
“I made a 100,000 with Puma in three months.”
Klaus Hommels Nov 27, 2024 ▶ 2:36 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 positive
Disclosure
Hommels: Invested in early Airbnb after pitch from Guy Oseary
“In the case of Airbnb, it was a discussion I had with Guy Ozieri with the manager of Madonna, and we were chatting, and he basically was advertising it so heavily and tried to convince me, and I think at the end, I followed his logic, and luckily I made that d…”
Klaus Hommels Nov 27, 2024 ▶ 53:41 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 positive
Disclosure
Hommels Secured Early Facebook Shares via Benchmark Partner Matt Kohler
“And at that time I needed to figure out how I get into it, and then I, for two months, called everybody I knew in in In the valley, and I ended up with Matt Kohler, like a little coincidence, because I was at Benchmark as a VC, and he was with Benchmark, and s…”
Klaus Hommels Nov 27, 2024 ▶ 56:22 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Insight
Hommels: Pause investing for three months after big wins to avoid hubris
“So I had a rule for long that when I had a, Exceptional hit. I would stop investing for three months because success makes you fear that you can walk over water and you needed to force yourself to have this humbling moments to say, oh no, no, no, no. That was …”
Klaus Hommels Nov 27, 2024 ▶ 3:59 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Insight
Hommels: Price sensitivity does not matter in venture capital investments
“Because the good things, I would still do them, the good companies I've invested in, even if they were 30% more expensive, and the shit, I don't want to have it, but it's worth 30% cheaper. So the beauty is, I'm not in the buyout where buying makes a differenc…”
Klaus Hommels Nov 27, 2024 ▶ 49:45 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 neutral
Assertion Supported
Hommels: Skype lacked a business model when he invested
“So at the time when I invested in Skype, there was no business model, because with Skype out wasn't even invented.”
Klaus Hommels Nov 27, 2024 ▶ 53:17 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Insight
Hommels: Heavy social media use correlates with operational inefficiency
“So what I really, really despise is vanity. So there is a high correlation between people that post a lot. Or tweet a lot, or whatever. So using social media a lot, and efficiency.”
Klaus Hommels Nov 27, 2024 ▶ 6:11 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Disclosure
Klaus Hommels views his investor role as outsourced business development
“Because I do want to fall in love with the founder and the business, because at the end, I'm a, I look at myself as an outsource business development guy.”
Klaus Hommels Nov 27, 2024 ▶ 5:09 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 neutral
Assertion Supported
Hommels: Spotify had no music rights when he evaluated investing
“So you could say when the time I was looking at Spotify, it was, I'm not sure, I wouldn't say it's illegal, but we had music and we didn't have the rights.”
Klaus Hommels Nov 27, 2024 ▶ 53:08 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 bullish
Disclosure
Hommels: Issued Neko Health term sheet same day after testing product
“I changed the direction and didn't fly to Munich. I flew to Stockholm. I was two hours later in Stockholm, had my scan, went through everything, and I issued the term sheet the same evening.”
Klaus Hommels Nov 27, 2024 ▶ 48:02 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 neutral
Disclosure
Klaus Hommels invested in King.com at a $2.5M valuation
“So I got in at king.com at two and a half million and sold something at a hundred and I could have sold at five billion.”
Klaus Hommels Nov 27, 2024 ▶ 1:01:19 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 negative
Opinion
Hommels: Top European founders match US drive, broader base is entitled
“So I think on the very top of the pyramid, it's exactly the same. You will, people fight like maniacs, and there is everything that you do in order to get somewhere, but I think the broader base under the bell curve is more complacent, more entitled,”
Klaus Hommels Nov 27, 2024 ▶ 1:07:24 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Assertion Not checkable as stated
Klaus Hommels on managing family time while building his venture career
“I very consciously decided to be basically, during the 12, 2000, at home at five or six, Yeah, and then we had supper, then we did homework, and then I brought them to bed, and then at nine I sat down at the desk again.”
Klaus Hommels Nov 27, 2024 ▶ 1:02:36 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024
Insight
Klaus Hommels: Founder-focused early stage investing does not scale with money
“I'm always intrigued by the technology or by the founder, and this doesn't scale with money so much.”
Klaus Hommels Nov 27, 2024 ▶ 5:03 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
Nov 27, 2024 negative
Opinion
Hommels: Venture portfolio construction exists only to satisfy institutional LPs
“It is a, it's a mean to an end. You have to build portfolios in order to get money from institutional investors. But on the way there, you make a lot of concessions.”
Klaus Hommels Nov 27, 2024 ▶ 23:01 Klaus Hommels: Why "Portfolios are Merely a Construct to Make LPs Happy"? | E1231 · 20VC with Harry Stebbings
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