Wise: Balderton receives 5,000-6,000 funding applications annually, double 2014 levels
James Wise · 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 · at 17:26
James Wise, Partner at Balderton Capital, details the growth of European startup deal flow evaluated by Balderton.
0:00 / 0:09exact quote · 9.6s
720p mp4 · rendered on demand · StarZero watermark
“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.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from James Wise
Wise: Hiring VCs strictly from banking or consulting is outdated
“Look, I think that's an outdated model, and I think the only people who are still following that model are people who haven't realized that the venture game has changed considerably.”
Wise: Europe's next $100B tech giants will focus on AI, fintech, fashion
“They're going to go and build the third wave, which is the 10, fifty, hundred billion dollar companies. And they're obviously not going to be competitive with the types of companies built in San Francisco in the same fields, not in sort of the information sear…”
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 …”
Wise: Venture capital struggles to scale in its traditional model
“It's really, really difficult to scale venture capitalists. The companies we invest in, they have to scale, but we personally, we're not very good at it. So VC really, you know, struggles to scale in its current model, at least”
Wise: Europe produced over 30 billion-dollar tech exits in 10 years
“Europe, if you look at the tops of billion-dollar tech exits, or unicorns, or whatever you want to call them in the last 20 years, there's been, or 10 years, rather, there's been over 30 coming out of Europe, and there's many more in the pipe.”
Wise: Core VC tasks do not require prior operational experience
“It's really not clear that you need to have huge amounts of entrepreneurial experience in order to do the two things which VCs should be able to do really well. One is insightfully source companies. So find interesting companies in areas which are fast growing…”