Hussein Kanji, co-founder of Hoxton Ventures, evaluates his former employer Accel Partners and Index Ventures during a discussion on European fund dynamics.
0:00 / 0:04exact quote · 4.7s
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“Axel's a great firm. I mean, it's probably one of the best in Europe, if not the best, alongside of Index.”
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More from Hussein Kanji
Opinion
Kanji: Most European VCs Are Momentum Investors Seeking Quick Markups
“I think most of us become momentum investors in this industry. We write the check largely to get the next markup, not to build the long-term, durable, big company of tomorrow. And I don't think there are that many people in Europe who do those kinds of things.”
Hussein KanjiJan 20, 2025▶ 2:00Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings
Opinion
Kanji: European VCs are trained in private equity and focus on downside protection
“And I don't think people in Europe think in that kind of way. I think people in Europe are largely trained in private equity. They think about how do I minimize my downside.”
Hussein KanjiJan 20, 2025▶ 5:24Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings
AssertionNot checkable as stated
Kanji: Deliveroo altered legal docs to strip Hoxton's pro-rata rights
“And then we had a weird scenario in that particular company where our pro rata rights got taken away from us, and in the legal documents, they changed the definition of who would get the pro rata, To basically, I mean, basically singling us out.”
Hussein KanjiJan 20, 2025▶ 13:27Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings
Opinion
Kanji: European Investment Fund is too dominant and should be split into five
“I think if you have someone like the EIF where there's 30% of the aggregate capital of the LP commits, it's too big. What you should really have is what happened with AT&T in the US where they broke it down into the bells. You had five different bells kind of …”
Hussein KanjiJan 20, 2025▶ 37:10Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings
Opinion
Kanji: Europe needs dominant superstar VC funds, not micro funds
“I don't know if the world right now needs yet another emerging manager, yet another micro cap fund. I think what we need is like five to 10 dominant Superstar venture funds in Europe, kind of the way in the Bay Area, they're like, 10 or 15 of those.”
Hussein KanjiJan 20, 2025▶ 50:11Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Kanji: Chinese EVs will wipe out the German car industry
“Yes, I'm really terrified that the German car industry is going to get wiped out by China. Like, by the EVs in China. I think they're asleep at the wheel.”
Hussein KanjiJan 20, 2025▶ 54:07Hussein Kanji, Founder @Hoxton Ventures: Why AI Means London Can Compete with the US | E1248 · 20VC with Harry Stebbings
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