In The VC Diaries series, I explore the Venture Capital career with an active VC from different parts of the world. We talk about how to break into Venture Capital, what the job looks like, and VC careers. Today, my guest is Andreas Munk Holm, the co-Founder of The European VC.
The European VC builds “kick-ass” syndicates of Investors in Venture Capital funds based in Europe. Andreas has a unique viewpoint on VC trends across Europe, which he delivers in a straight, no-nonsense manner.
Andreas’s Tips: How To Break Into VC
You can view the video on Youtube for time stamps. Don’t forget to subscribe to our channel, so you don’t miss the next video!
- 0:20 – Why Andreas founded The European VC
- 3:20 – Advantages of micro VCs
- 6:40 – Best background for early-stage VC
- 9:20 – Adding value vs. having a Board
- 13:00 – Investing in VC funds to break into VC
- 17:45 – Main fund terms (management fee, carried, target returns)
- 20:40 – How to determine if a GP’s target IRR makes sense
- 24:25 – Key criteria to consider before investing in an emerging VC fund
- 29:50 – The Fundless GP route to acquire track record
- 33:30 – How can emerging funds differentiate in this market?
- 38:20 – Where should VCs focus their time?
- 43:20 – One tip to break into Venture Capital
If you want to find out more about breaking into VC, watch our webinars How To Get A VC Job and How Much Do VCs Make?
Join our VC Career Accelerator program if you want to break into Venture Capital or accelerate your VC career.
