Alberto Onetti’s Post

This is the Worst Time to Be a First-Time VC Investor in Europe It’s been a tough few years for VC fundraising in Europe.  - In 2024, European VCs raised around €20bn across 161 vehicles - That’s the lowest count in a decade, and well under the peak of 467 funds in 2022.  While some huge amounts have been raised — Index Ventures ($2.3bn), Balderton ($1.3bn), Atomico ($1.24bn), Accel ($650m), Creandum (€500m) — the long-tail of smaller and less-established VC firms have had a harder time.  - 36% of European VCs have asked for an extension to their most recent fundraise. It is pretty hard to get funds closed: 41% of respondents of Sifted survey told they’d had conversations with over 100 LPs in the past two years. #startups #VC #europe

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Christian Rangen

Strategy advisor to funds, FoF, firms, companies and governments. Run global VC accelerator programs. Invest, build and scale energy tech companies from pre-seed to IPO. Chair, GP, Link Capital: Energy Transition Fund.

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Alberto Onetti, using this framing, would you consider "a GP speaking to 'over 100 LPs', to "a lot or little"? The q behind the q; Most managers, across first-time, emerging and seasoned, what would be the expected number of LPs and LP prospects they should expect to be speaking with (top of the funnel and down to final closing)?

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