The Future Of Early Stage Investing In Europe And Why You Should Apply To Seedcamp
Limited Partners or LPs, the people or institutional investors who invest their money in venture funds, are pulling away and the European investment climate is going from bad to worse. This is on one hand because of the dismal returns that the funds have generated and on the other hand because of the bloated management fees that some VCs collect without working much for their portfolio companies or for new deal flow.
Even if the general investment climate in Europe is getting darker Seedcamp is determined to make the early stage investing work in Europe. I talked with Reshma Sohoni, CEO of Seedcamp, at the Copenhagen Mini-Seedcamp about Seedcamp's past, present and future and what value they can offer for startups coming from the Nordics and Baltics.
Seedcamp model is to invest €50,000 in early stage startups in return for some 10 percent of equity. Beyond just the capital, they aim to connect entrerpeneurs with the best mentors across Europe, UK and US.
Scred's Seedcamp Interview Trip
Editorial note: We're publishing Kristoffer's report from Seedcamp as they made it to the semi-finals for screening. Depending on the feedback we'll see if we should make this a habit in the future as well. Please let us know in the comments. Thanks to Kristoffer for an excellent report!
On the left two founders from Uniki, Teemu and Tuomas from Scred and Adil and Anthony from Entrip.
Last week we got fantastic news. Scred had been shortlisted as one of only about 40 companies to be interviewed by Seedcamp's distinguished panel — a group of prestigious international VCs. Considering that several hundred companies, from all around Europe (and even some from outside) had applied, this was huge for us. In fact Scred is the first Finnish company to make it that far, and was one of only two Nordic companies present.
