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Founders tips - Issue #68

We love pre-seed stage investing in Europe and we are going to do everything we can to support it. Th
Founders tips - Issue #68
By Id4 ventures • Issue #68 • View online
We love pre-seed stage investing in Europe and we are going to do everything we can to support it.
The funding gap at the early stage is real, pre-seed and seed are left wide open, as you can read in Flavio Lobato’s article: “The VC unicorn obsession is creating an early stage funding wasteland” both angel and seed round activity has been on target for their lowest year since 2014.
Having VCs moving to later stage doesn’t only pose a funding problem but early-stage tech entrepreneurs are left high and dry when it comes to mentorship and true assistance as explained by John Vrionis in his article: “Venture Capital Is Losing Sight Of Its Most Important Investments: Seed-Stage Entrepreneurs.”
As John, We believe pre-seed and seed-stage investors are making an enormous difference. We, at id4 ventures, strongly believe that early stage is the most gratifying stage financially and on a personal level. We are not alone, we see great micro and seed funds emerging across Europe. We want to do more to support pre-seed investment in Europe.
For those reasons, we have decided to commit more of our resources not only to early-stage investing via id4 directly but also via other funds. We have finalized our first fund investment that will be announced soon and another one is work in progress. Stay tuned.
Why also investing in angel funds? Because we believe to do a great job as pre-seed stage investors, you need to provide not only money but also localized advice, connections, support notably in talent acquisition and business development, etc. Nobody can be good at everything everywhere.
So we decided to restrict our angel investments as lead only to France and invest via angel funds sharing our values in other parts of Europe.
We also believe those funds investments we will help us learn faster by sharing experiences across angel funds and develop our network across borders to better support our portfolio companies and be the point of contact in France for companies of counterpart funds.
We are super enthusiastic to collaborate with other micro funds.
Vive the European micro fund’s community.
(This article is available on medium here).

Also in this newsletter:
Importance of early sustainability, unlimited runway and freedom to pivot from Enis Hulli at 500 startups in Istanbul. Interesting points made, but we like to add a comment to the article : if you aim at a big disruption that requires a lot of R&D or large pool of users, you might not be able to afford early sustainability but still you need to provide some money for pivots ( yes an “s “at pivot ) because things aren’t going according to plan are a certainty.
Must watch as well Benedict Evans talk at A16Z submit: The end of the beginning
This week tech article is about ReasonML, a cool new competitor to TypeScript. Or how you can create something neat with a 20-year-old language called OCaml.
 Enjoy your week.

A better you
Three Traits I Look for in Founders – Christian Jantzen – Medium
A better company
Importance of early sustainability, unlimited runway and freedom to pivot
Improve your tech
Understand better VCs
The VC unicorn obsession is creating an early-stage funding wasteland | VentureBeat
Tweet of the week
Jason Lemkin 🦄
As a CEO, I obsessed 24x7. My mind never got a minute off.

But I never missed a vacation, or a doctor's appointment, and tried to leave the office every day by 630.

It is a marathon.

The trick is to build a great management team ...
8:38 PM - 21 Nov 2018
The big read of the week end
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