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Stefan Glaenzer

Founding Partner, Passion Capital · 1 appearance on the record.

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

Stefan Glaenzer is a Founding Partner at Passion Capital and Co-Founder of White Bear Yard. Prior to Passion Capital, he was Chairman of Last.fm and founded Ricardo, which went public in 1999.

12statements → 6claims → 4claims resolved → 50%fully supported → 3.83/5average certainty → 1.42/5average debate potential → 2said about them ↓

2 supported 2 partly supported 0 contradicted 1 not yet assessed 1 not checkable as stated how the 6 claims stand · each chip opens the sources

6 assertions · 1 opinion · 2 insights · 3 disclosures · every statement was checked. The predictions and assertions are the 6 claims: statements the public record can support or contradict. 4 are resolved, 1 is not yet assessed, 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 Stefan 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
Passion Capital invests an average of £200,000 in first rounds
“On average our investment is 200,000 pounds in, in, in the first round.”
Stefan Glaenzer Mar 9, 2015 ▶ 5:35 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
100% certainty 3
67% 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

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

Disclosure
Passion Capital targets 15% to 25% equity in seed rounds
“Generally speaking, we look for equity somewhere between 15 and 25%.”
Stefan Glaenzer Mar 9, 2015 ▶ 5:59 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Insight
Stefan Glaenzer: Excessive board meetings waste early-stage founders' time
“I've learned that the hard way as an entrepreneur, as an investor, you have to make sure that you're not wasting time of the entrepreneur. And too many board meetings might have the potential to waste time in very early stage companies.”
Stefan Glaenzer Mar 9, 2015 ▶ 7:37 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Disclosure
Passion Capital avoids gaming investments due to their hit-driven nature
“We tend not to do any games, gaming investments simply because we Just don't understand the segment, and it's a bit too hit-driven in our view”
Stefan Glaenzer Mar 9, 2015 ▶ 13:16 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Opinion
Stefan Glaenzer: 2x2 competitive slides placing startups top-right are red flags
“You know, these diagrams, these competitive diagrams where you see all the competitive companies, and by some miracle, your own company always ends up in the top right corner, even though being, being just a startup, I've just seen too many of those.”
Stefan Glaenzer Mar 9, 2015 ▶ 16:16 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Insight
Stefan Glaenzer: VC investments face a 6-to-9-month honeymoon before reality hits
“In the moment of investing, you're going to love them all, and then you see a honeymoon period between six and nine months, and after that, you come closer to the truth.”
Stefan Glaenzer Mar 9, 2015 ▶ 18:14 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Assertion Not publicly verifiable
Stefan Glaenzer: Ricardo grew by 1% to 1.5% daily at its peak
“This was a company growing one percent between one and one and a half percent On a daily base.”
Stefan Glaenzer Mar 9, 2015 ▶ 4:29 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Assertion Partly supported
Stefan Glaenzer: Ricardo scaled from zero to 200 employees in 18 months
“We grew the team from zero to 200 people in, in 18 months or so.”
Stefan Glaenzer Mar 9, 2015 ▶ 4:38 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Assertion Supported
Passion Capital invests an average of £200,000 in first rounds
“On average our investment is 200,000 pounds in, in, in the first round.”
Stefan Glaenzer Mar 9, 2015 ▶ 5:35 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Assertion Not checkable as stated
Passion Capital receives 2,000 pitches annually and meets 600 to 700 teams
“As a matter of fact, we see roughly 2000 new ideas being pitched to us in any given year over the last two or three years. Out of these 2000 ideas, we meet with, physically, we meet with six to 700”
Stefan Glaenzer Mar 9, 2015 ▶ 8:23 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Assertion Partly supported
Passion Capital invests in 10 to 15 new companies per year
“So we tend to invest in any given year in 10 to 15 companies.”
Stefan Glaenzer Mar 9, 2015 ▶ 9:26 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Assertion Supported
Stefan Glaenzer: Ricardo reached a 400 million euro market cap
“With a market cap, I think, of four hundred million euro or so.”
Stefan Glaenzer Mar 9, 2015 ▶ 2:56 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital
Disclosure
Half of Passion Capital's portfolio launches from its White Bear Yard space
“Passion Capital runs a co-working space called White Bay Yard here in EC One in London, so more, more the east side than the west side of London, where half of the companies in which we have invested choose as their starting office.”
Stefan Glaenzer Mar 9, 2015 ▶ 6:24 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital

The other half of the tape: Stefan Glaenzer's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on 20VC. every mention, with the transcript →

Who brings them up most Harry Stebbings 1Fede Pirzio-Biroli 1

Every mention by year

tap a year for its mentions
0011212015episodesmentions
0112015episodes it came up in
0010.5212015episodesmentions per episode
2015 2 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital Mar 9, 2015 11m
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