StarZero All shows Try the podcast clipper →

Mattias Ljungman

Founder & Managing Partner, Moonfire Ventures · 2 appearances on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorfounder@Ljungman ↗moonfire.com ↗

Mattias Ljungman co-founded the European venture capital firm Atomico in 2006 alongside Niklas Zennström, supporting exits including Supercell and The Climate Corporation. In 2020, he founded Moonfire Ventures, an early-stage venture capital fund backing European software startups using proprietary software and AI.

11statements → 9claims → 8claims resolved → 88%fully supported → 4/5average certainty → 2/5average debate potential → 4.4/5argument clarity · the sources → 2said about them ↓

7 supported 0 partly supported 1 contradicted 1 not checkable as stated how the 9 claims stand · each chip opens the sources

1 prediction · 8 assertions · 1 insight · 1 disclosure · every statement was checked. The prediction and assertions are the 9 claims: statements the public record can support or contradict. 8 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Mattias argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Ljungman: Only 2-3 local European VC funds focus on Series B+
“There's not as many funds focused on the sort of B and beyond. That are very much, you know, local European funds. You know, there's only a few of them. There's literally less than, well, I would say there's really two or three if you look pure, pure VC funds.”
Mattias Ljungman Aug 31, 2015 ▶ 9:07 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado

Their most notable contradicted claim

Assertion Contradicted
Ljungman: Stockholm matches San Francisco in per-capita billion-dollar startups
“Stockholm now has as many Billion-dollar companies per capita as the U.S. Sorry, San Francisco, and we need one more, and there'll be bigger, you know, so there'll be more, sort of, billion-dollar companies being created coming out of Stockholm.”
Mattias Ljungman Aug 31, 2015 ▶ 17:56 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
100% certainty 3
86% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

Argument clarity: do they answer the question? how? →

4.4 / 5 directness 4.9 · coherence 4.6 · precision 4.2 · compression 3.9

answered every one of 8 assessed questions directly

This is a score against a rubric. It is not a rank. Every host question → answer exchange is scored with names hidden on directness, coherence, precision and compression, 1–5 each, on meaning alone: disfluencies are ignored, and only raw unedited episodes count. This is the score that measures thought. Every scored exchange, scores shown → · The rubric and its checks →

How they sound: speaking style how? →

252 words/min while actually speaking · 31.3 um and uh per 1k words

Measured by listening to the audio itself: 3,002 words across 2 episodes of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

How the interview went all their pushback → series average →

Across 2 rated episodes:

host pushback ▾ 1/10
pushed back at the host 0/10
setup questions received 33%

Everything Mattias Ljungman said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Supported
Ljungman: Only 2-3 local European VC funds focus on Series B+
“There's not as many funds focused on the sort of B and beyond. That are very much, you know, local European funds. You know, there's only a few of them. There's literally less than, well, I would say there's really two or three if you look pure, pure VC funds.”
Mattias Ljungman Aug 31, 2015 ▶ 9:07 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Contradicted
Ljungman: Stockholm matches San Francisco in per-capita billion-dollar startups
“Stockholm now has as many Billion-dollar companies per capita as the U.S. Sorry, San Francisco, and we need one more, and there'll be bigger, you know, so there'll be more, sort of, billion-dollar companies being created coming out of Stockholm.”
Mattias Ljungman Aug 31, 2015 ▶ 17:56 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
Ljungman: European VC is 6-7x smaller than US, 12x at later stages
“Even though the, you know, I think the amount of capital that's being invested going into VC today is about 30% more than last year, we're still six or seven times smaller than the US. And if you go into the later stages, we're about 12 times smaller.”
Mattias Ljungman Aug 31, 2015 ▶ 9:54 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Insight
Ljungman: Europe needs entrepreneurs investing in entrepreneurs
“What Europe needs is entrepreneurs, investing entrepreneurs, and I think you're the best guy to do this.”
Mattias Ljungman Aug 31, 2015 ▶ 4:42 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Not checkable as stated
Ljungman: European VC funding is heavily concentrated in seed and Series A
“In Europe right now, there's a lot of money going into seed in Series A”
Mattias Ljungman Aug 31, 2015 ▶ 7:46 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
Ljungman: Europe has produced more annual STEM graduates than the US
“Europe is producing more STEM students every year over the last 10 years compared to the U.S.,”
Mattias Ljungman Aug 31, 2015 ▶ 9:41 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
Ljungman: Most billion-dollar tech companies were created the year iPhone launched
“I think it really, the dawn of the iPhone was pretty amazing, and I think, if you look statistically, the year that the iPhone was launched is also the year that most billion dollar companies were created, and I think that that might be just a You know, that j…”
Mattias Ljungman Aug 31, 2015 ▶ 11:54 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
Ljungman: Japanese customers pay more for tech products than global peers
“Japanese are great at paying for their products. They do, you know, they pay more than many other people in the, in, in the world”
Mattias Ljungman Aug 31, 2015 ▶ 21:51 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Assertion Supported
Ljungman: Most Indian consumers skip laptops and rely directly on smartphones
“Most people today living in India, they will, they're not using laptops, they're doing directly into smartphones.”
Mattias Ljungman Aug 31, 2015 ▶ 27:18 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Prediction Held up
Ljungman: Atomico focuses investments on Series B rounds and beyond
“We're interested in, in, in going in really at any stage, but really where we focus is on the later stages. So it's more the sort of series B and beyond”
Mattias Ljungman Aug 31, 2015 ▶ 8:03 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado
Disclosure
Ljungman: Atomico recently invested in Truecaller
“So my most recent investment was in the Truecaller.”
Mattias Ljungman Aug 31, 2015 ▶ 26:48 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado

The other half of the tape: Mattias Ljungman's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes on 20VC. every mention, with the transcript →

Who brings them up most Harry Stebbings 2

Every mention by year

tap a year for its mentions
0011112015201620172018201920202021episodesmentions
0112015201620172018201920202021episodes it came up in
000.50.5112015201620172018201920202021episodesmentions per episode
2021 1 mention in 1 episode
2015 1 mention in 1 episode

Appearances (2)

EpisodeDateSpeaking time
20VC: Harry Stebbings on The Biggest Takeaways From Interviewing The World's Best Investor May 8, 2017 2m
20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Bro Aug 31, 2015 11m
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.

Try the podcast clipper Learn more