The Ledger
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Moehring: AngelList will not render traditional VCs obsolete
“I also don't think to your second point that AngelList will, you know, make the VC model obsolete because the VC model is very boutique you know, especially in later stage investments larger Large amounts are very well managed by the VC firms that exist.”
Moehring: The glass ceiling for young VCs exists for good reason
“There certainly is a glass ceiling, but I think it's for a very good reason. So the real thing about the VC industry that nobody really tells you is that things take a very, very, very long time.”
Moehring: London is Europe's top tech ecosystem and will stay #1
“I think on all levels, London is just the number one ecosystem in Europe. And that won't change for, you know, either for a long while or ever.”
Moehring: Berlin is Europe's second-ranked tech hub by momentum
“It's also pretty clear that in terms of momentum, Berlin is probably or is, in my eyes, the clear number two in Europe.”
Moehring: Paris tech ecosystem is more inward-looking than peers
“Paris is obviously a great ecosystem, but that's a little bit more inward looking, or at least seems like a little bit more inward looking than other, other places.”
Moehring: Science fiction predicts tech trends better than academic research
“I've caught myself looking to science fiction much more than to, you know, research or academia when it comes to new technology advances.”
Moehring: VC career paths for young joiners are slow and unpredictable
“People who start young in this industry usually don't make partner very quickly and the career path is a lot more Well, mysterious and a lot less plannable than a career path in other industries.”
Moehring: Becoming rich as a young venture capitalist is a fallacy
“The illusion that you're going to make investments and become rich by being a VC when you're young is, is a fallacy that I think people need to understand.”
Moehring: Startup operational experience is essential for modern VCs
“Joining startups after that which I think is a great preparation for being a VC running your own startup, being part of a startup in, you know, in a crucial role really shows you much more what building companies is about, what growing companies is about and t…”
Moehring: US venture capital trends predictably repeat later in Europe
“It's often quite easy to look at what's going on trend wise in the U S and then see those same, same things happen over here a bit later.”
Moehring: US VCs rarely invest in European seed rounds due to proximity needs
“I think in the seed stage, it's very difficult to do that because in the seed stage, as I mentioned before, you probably want to be more involved with the company you want to meet the founders you know, maybe not every week, but certainly every month and there…”
Moehring: AngelList syndicates will lead Series A rounds and exit by 2021
“But yeah, I certainly see that something that's happening over the next five years, you know, which I think is a very interesting timeframe because five years will roughly be when we will likely see our first big exits. And that's really when the model will be…”
Moehring: AngelList scales seed investing by decentralizing general partners
“This is really where AngelList is really a very classical example of how a marketplace can take over an industry or can take part in an industry where we can now do something because of the structure of syndicates, because of the structure of the investments t…”
Moehring: CSC's $400M commitment is not funding for AngelList itself
“It's a fund that is being invested by CSC Upshot into syndicates. So this is not AngelList getting money as a funding round. This is not AngelList getting money to decide where to put. This is actually a very smart team of GPs that are investing directly in sy…”