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VC Night Informational || 11 September

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Brief summary and informational discussion from VC Night @ Epicenter in Amsterdam.

September 2019

Published in: Business
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VC Night Informational || 11 September

  1. 1. CACHETTE CAPITAL MANAGEMENT FUND-OF-FUNDS EARLY STAGE VENTURE CAPITAL cachettecapital.com
  2. 2. “ 70-80% of all venture capital for startups in Europe comes directly or indirectly from the government. That percentage should be much lower. HRH Prince Constantijn van Oranje TechLeap.NL www.cachettecapital.com
  3. 3. WHAT IS CACHETTE CAPITAL?
  4. 4. FUND-OF-FUNDS: [fuhnd oh fuhnds] Financial tool for diversifying or lowering risk in a asset class Example: A fund-of-funds invests into other funds as a means of achieving maximized diversification and minimal risk associated. A fund-of-funds might invest into hedge funds, bonds, or other funds like with venture capital.
  5. 5. WHO INVESTS INTO A FUND OF FUNDS? Investors in FOFs are often pooled investments from corporations, pensions, endowments, family offices or banks themselves
  6. 6. WHY EUROPE? WHY VENTURE? Venture capital as an asset class is on the rise globally, putting Europe in a special place for growth into private equity and early stage venture capital
  7. 7. OTHER ASSET CLASSES…. RECESSION SCARES GEOPOLITCAL TENSIONS PAY TO PARK 2 year / 10 year U.S. Treasury bond yields point to recession linked data for the 1st time since 2007 Brexit, U.S.-China trade wars, oil prices and political uncertainty in emerging markets are destabilizing otherwise traditional asset classes, which could also be a side affect of needed disruption There is $17 Trillion of loss-making negative-yielding debt globally, which is about 1/3 of all investment grade securities. That’s about 18x the size of the GDP of the Netherlands
  8. 8. Historically pensions have been underperforming due to many reasons including longer life spans and defined benefits schemes (db) From this pressure, pensions have started to move into private equity. VENTURE CAPITAL IS NEXT PENSIONS ARE RIPE FOR VENTURE cachettecapital.com
  9. 9. Europe funds Europe EU growth €21 billion Global growth European tech is growing 5x faster than the European economy In capital was invested into European tech in 2018 Funding rounds larger than €10 million lead EU growth VENTURE CAPITAL IN EUROPE 5x More than half (55%) of venture capital in Europe was funded by Europeans cachettecapital.com
  10. 10. VENTURE CAPITAL GROWTH IN EUROPECCM SOURCE: STATE OF EUROPEAN TECH 2017, ATOMICO cachettecapital.com
  11. 11. # OF BILLION DOLLAR EU COMPANIESCCM SOURCE: STATE OF EUROPEAN TECH 2017, ATOMICO cachettecapital.com
  12. 12. WHAT’S NEXT?
  13. 13. Venture capital is powering the future. Are founders ready to build?
  14. 14. ABOUT US LEARN MORE: CACHETTECAPITAL.COM FRED. ROESKESTRAAT 115 1076 EE AMSTERDAM NETHERLANDS +31(0) 629 358 245 Supporters of #FundRight Fundright.NL

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