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E569 | Saul Klein of Phoenix Court & Yoram Wijngaarde on Dealroom's Powerlaw Ranking, Europe's $50B Growth Gap & The Importance of Following Breakout Founders

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Manage episode 504569635 series 2968392
Content provided by The European VC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The European VC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

European VC Power Law Report: Why Revenue Beats Unicorn Status

Dealroom's recently released 2025 Power Law Investors Ranking 2025 report offers a unique milestone for European venture capital: 700 companies across EMEA now generate over $100 million in annual revenue. These aren't just unicorns floating on paper valuations. These are businesses with real customers paying real money.

The report introduced a new category called "thoroughbreds" to capture this shift toward fundamental business metrics. While unicorns still matter for their forward-looking promise, thoroughbreds tell us something different: which companies actually built sustainable businesses that can weather market cycles.

Today, Andreas Munk Holm digs into this topic and more with Saul Klein, co-founder of Phoenix Court (home to LocalGlobe, Latitude, Solar, and Basecamp) and the #1-ranked investor in the report, alongside Yoram Wijngaarde, founder & CEO of Dealroom.

⏱️ Here’s what’s covered:

  • 00:39 - Saul on what topping the ranking says about Phoenix Court's approach

  • 01:53 - Yoram explains the thoroughbreds metric

  • 03:49 - Revenue vs valuation debate, lessons from Skype

  • 07:36 - Why Phoenix Court became multi-stage

  • 13:02 - The $35-50 billion growth stage funding gap

  • 17:38 - Advice for seed firms considering multi-stage expansion

  • 22:31 - Defense of the methodology's seed weighting

  • 24:58 - Picking companies at seed vs later stages

  continue reading

595 episodes

Artwork
iconShare
 
Manage episode 504569635 series 2968392
Content provided by The European VC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The European VC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

European VC Power Law Report: Why Revenue Beats Unicorn Status

Dealroom's recently released 2025 Power Law Investors Ranking 2025 report offers a unique milestone for European venture capital: 700 companies across EMEA now generate over $100 million in annual revenue. These aren't just unicorns floating on paper valuations. These are businesses with real customers paying real money.

The report introduced a new category called "thoroughbreds" to capture this shift toward fundamental business metrics. While unicorns still matter for their forward-looking promise, thoroughbreds tell us something different: which companies actually built sustainable businesses that can weather market cycles.

Today, Andreas Munk Holm digs into this topic and more with Saul Klein, co-founder of Phoenix Court (home to LocalGlobe, Latitude, Solar, and Basecamp) and the #1-ranked investor in the report, alongside Yoram Wijngaarde, founder & CEO of Dealroom.

⏱️ Here’s what’s covered:

  • 00:39 - Saul on what topping the ranking says about Phoenix Court's approach

  • 01:53 - Yoram explains the thoroughbreds metric

  • 03:49 - Revenue vs valuation debate, lessons from Skype

  • 07:36 - Why Phoenix Court became multi-stage

  • 13:02 - The $35-50 billion growth stage funding gap

  • 17:38 - Advice for seed firms considering multi-stage expansion

  • 22:31 - Defense of the methodology's seed weighting

  • 24:58 - Picking companies at seed vs later stages

  continue reading

595 episodes

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