Laura Raggl of ROI Ventures explains the rise of secondary transactions across Europe due to limited liquidity events for venture funds.
Opinion
Raggl: Fewer founders now go to the UK to launch startups
“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…”
Opinion
Raggl: Austria is not a viable startup hub due to market size
“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…”
Opinion
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”
Opinion
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…”
Disclosure
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.”
Insight
Raggl: Foreign Angels Cannot Invest Directly in India Without Local Networks
“We could never invest in India ourselves. It's just too complex. We don't have the relationships. We can't assess the founders and it's such a personal network. Driven game in the end.”