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E598 | Florian Schweitzer, b2venture: Building Angel-Led VC That Actually Works
Manage episode 508149761 series 2968392
Welcome back to another episode of the EUVC Podcast, your trusted inside track on the people, deals, and dynamics shaping European venture.
This week, Andreas is joined by Florian Schweitzer, Founding Partner at b2venture, one of Europe’s longest-running VC funds — and one of the only firms to scale a structured angel investing model alongside institutional capital.
They unpack how Florian built an active, deeply interlinked community of 350 angels, the philosophy behind their 90/10 investment model, and why chasing unicorns is the wrong game. The conversation also dives into trust-building with LPs, culture as a strategy, and what it takes to build trillion-euro thinking into Europe’s founder psyche.
Whether you’re an emerging manager trying to scale responsibly, or an LP wondering what durable early-stage outperformance actually looks like — this one’s for you.
Here’s what’s covered:
01:00 | The impossible alignment: angels vs. institutions
02:30 | Treating angels as partners — not a sourcing channel
03:30 | The founder–angel–VC triangle
04:00 | Winning institutional support: data, not just story
05:40 | Why most firms abandon the angel model — and how btov didn’t
06:00 | Culture, rules, and the “honourable merchant”
08:00 | The numbers: 350 angels, 80 core collaborators
09:00 | The unicorns: how every single one came via angels
10:30 | When angels lead and VCs co-lead
12:30 | Why chasing unicorns is “silly” — and what to do instead
14:00 | Building trillion-euro aspirations into early diligence
15:00 | 90/10: The case for a dual investment strategy
17:00 | DPI lessons from Fund 1 & 2 — and what they forgot in 3 & 4
609 episodes
Manage episode 508149761 series 2968392
Welcome back to another episode of the EUVC Podcast, your trusted inside track on the people, deals, and dynamics shaping European venture.
This week, Andreas is joined by Florian Schweitzer, Founding Partner at b2venture, one of Europe’s longest-running VC funds — and one of the only firms to scale a structured angel investing model alongside institutional capital.
They unpack how Florian built an active, deeply interlinked community of 350 angels, the philosophy behind their 90/10 investment model, and why chasing unicorns is the wrong game. The conversation also dives into trust-building with LPs, culture as a strategy, and what it takes to build trillion-euro thinking into Europe’s founder psyche.
Whether you’re an emerging manager trying to scale responsibly, or an LP wondering what durable early-stage outperformance actually looks like — this one’s for you.
Here’s what’s covered:
01:00 | The impossible alignment: angels vs. institutions
02:30 | Treating angels as partners — not a sourcing channel
03:30 | The founder–angel–VC triangle
04:00 | Winning institutional support: data, not just story
05:40 | Why most firms abandon the angel model — and how btov didn’t
06:00 | Culture, rules, and the “honourable merchant”
08:00 | The numbers: 350 angels, 80 core collaborators
09:00 | The unicorns: how every single one came via angels
10:30 | When angels lead and VCs co-lead
12:30 | Why chasing unicorns is “silly” — and what to do instead
14:00 | Building trillion-euro aspirations into early diligence
15:00 | 90/10: The case for a dual investment strategy
17:00 | DPI lessons from Fund 1 & 2 — and what they forgot in 3 & 4
609 episodes
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