Raggl: Beginner Family Offices Should Invest in Funds Over Direct Startups
Laura Raggl · B2B SAAS Investors Discuss European And Indian Startup Ecosystems | ROI Ventures | Neon Show · Jun 12, 2024 · at 52:20
Laura Raggl of ROI Ventures shares guidance for newer family offices exploring entry points into early-stage venture capital.
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“I think we both know it's super hard to do direct investment. That's not something for starters. So I get that question a lot. And I also recommend usually to just invest in funds for now.”
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“We have three, I would say quite big hubs nowadays, which is UK. I mean, UK was for a long time, the capital finance and also the location of most of the bigger VC funds still like, I would say there are less startups now, which found and go to the UK to found…”
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“For example, Austria is not a good hub because the country itself is just a little small that you can say, okay, I do choose Austria for now and then I go to other markets. So this is basically the reason why Germany, France and UK also being the countries wit…”
Raggl: European startups must tap US funds for large Series A rounds
“Also, like, it's basically starting at Series A, B, that you need to go to a US fund, basically, if you want to raise really large sums, because there's just not a lot of options in Europe”
Raggl: IPOs are unrealistic for European B2B startups compared to B2C
“I think that's not a too realistic way. Especially when being a B to B company, I see also IPOs being more realistic for B to C companies in general, because you just have put a lot of time in building the brand, which helps you a lot with them. I'm also selli…”
Raggl: ROI Ventures caps investment entry valuation under 5 million
“Yeah, the most important point of our thesis is that we like to come in quite early. So early means under five million valuation. That's like a cap we have given ourselves to really find people really, really early at the journey.”