{"id":15927,"date":"2022-12-30T11:29:49","date_gmt":"2022-12-30T10:29:49","guid":{"rendered":"https:\/\/www.bm-t.de\/2023-en\/bmt-venture-insights-4-22-money-is-time\/"},"modified":"2026-06-10T20:51:38","modified_gmt":"2026-06-10T18:51:38","slug":"bmt-venture-insights-4-22-money-is-time","status":"publish","type":"post","link":"https:\/\/www.bm-t.de\/en\/2022-en\/bmt-venture-insights-4-22-money-is-time\/","title":{"rendered":"bm|t Venture Insights 4\/22: Money is Time"},"content":{"rendered":"

Ven\u00adture invest\u00adment in the start-up world is gen\u00ader\u00adally raised and deployed in order to \u201c(blitz)scale the orga\u00adni\u00adza\u00adtion\u201d, \u201ccap\u00adi\u00adtal\u00adize on a mar\u00adket win\u00addow\u201d, \u201caccel\u00ader\u00adate time to mar\u00adket\u201d, \u201cgrab mar\u00adket share\u201d, and con\u00adduct many other activ\u00adi\u00adties where the oft-used say\u00ading that Time is Money, mean\u00ading if one acts quickly, one can gen\u00ader\u00adate large returns, is absolutely applic\u00ada\u00adble. How\u00adever, in the cur\u00adrent envi\u00adron\u00adment, terms like \u201csecur\u00ading the next mile\u00adstone\u201d, \u201cachiev\u00ading breakeven\u201d, \u201cincreas\u00ading time-of-flight\u201d, etc. have quickly reemerged in investors\u2019 minds.<\/b>\u2019<\/b><\/span> and founders\u2019 lex\u00adi\u00adcon<\/b>. All par\u00adties under\u00adstand that ensur\u00ading sur\u00advival in order to be able to pur\u00adsue big value-cre\u00adat\u00ading oppor\u00adtu\u00adni\u00adties, albeit with a delay, is of para\u00admount importance.<\/span><\/p>\n

This rapid tran\u00adsi\u00adtion from a Time-is-Money men\u00adtal\u00adity to a Money-is-Time men\u00adtal\u00adity requires a high degree of men\u00adtal agility and cor\u00adpo\u00adrate flex\u00adi\u00adbil\u00adity<\/strong>. Exem\u00adplar com\u00adpa\u00adnies are trim\u00adming fat and quickly reset\u00adting pri\u00ador\u00adi\u00adties, with ini\u00adtia\u00adtives that have shorter pay\u00adback peri\u00adods and higher returns on invest\u00adment tak\u00ading prece\u00addence. Long-term, strate\u00adgic goals have to be tem\u00adporar\u00adily relin\u00adquished for shorter-term, must-accom\u00adplish objectives.<\/p>\n

In Th\u00fcrin\u00adgen, we are not immune from this abrupt tran\u00adsi\u00adtion; how\u00adever, due to our focus on B2B and deeper tech, where mar\u00adket pro\u00adtec\u00adtion arises more from intel\u00adlec\u00adtual prop\u00aderty and unique know-how rather than from speed-to-mar\u00adket and first-mover advan\u00adtages, we believe that the adjust\u00adments we and our Investee-Part\u00adners must make are less rad\u00adi\u00adcal than in other parts of the ven\u00adture world. Of course, every\u00adthing is rel\u00ada\u00adtive in the sense that if a com\u00adpany already has a high degree of cap\u00adi\u00adtal effi\u00adciency and is on a tight bud\u00adget, even a slight decrease in access to cap\u00adi\u00adtal can be impactful.<\/p>\n

Cer\u00adtainly, we are not sug\u00adgest\u00ading com\u00adpa\u00adnies should idly wait out the clock and hope that an over\u00adall recov\u00adery will lead to eas\u00adier fund\u00ading \u2013 that is not a viable strat\u00adegy. We are empha\u00adsiz\u00ading that hav\u00ading an absolute focus on achiev\u00ading (with opti\u00admal cap\u00adi\u00adtal effi\u00adciency) the mile\u00adstones that will trig\u00adger or moti\u00advate fur\u00adther invest\u00adment is essen\u00adtial<\/strong>; because with a smaller invest\u00adment bud\u00adget at hand, investors will pri\u00ador\u00adi\u00adtize the most mean\u00ading\u00adful progress.<\/p>\n

We do not want to sound overly alarmist; how\u00adever, we believe it is cor\u00adrect to draw atten\u00adtion to the real\u00adity of the cur\u00adrent envi\u00adron\u00adment and to plan and act accord\u00adingly. In response to this envi\u00adron\u00adment we have redou\u00adbled our efforts to raise aware\u00adness of the com\u00adpelling invest\u00adment oppor\u00adtu\u00adni\u00adties we have in Th\u00fcrin\u00adgen. These efforts are bear\u00ading fruit: we are pro\u00adgress\u00ading well on clos\u00ading mul\u00adti\u00adple size\u00adable invest\u00adment rounds at the moment. We remain opti\u00admistic that we are also ben\u00ade\u00adfit\u00adting from a sec\u00adu\u00adlar growth trend (Th\u00fcrin\u00adgen is being dis\u00adcov\u00adered by many more investors)<\/strong>, which helps counter the effects of the cur\u00adrent gen\u00aderal downturn.<\/p>\n

Although this down\u00adturn will remove some mar\u00adket excesses, a sig\u00adnif\u00adi\u00adcant amount of invest\u00adment cap\u00adi\u00adtal remains ready to be deployed in value-cre\u00adat\u00ading com\u00adpa\u00adnies as soon as the head\u00adwinds ease.<\/strong> Good for\u00adtune will come to those who are well pre\u00adpared and well posi\u00adtioned to cap\u00adi\u00adtal\u00adize on the oppor\u00adtu\u00adni\u00adties that can quickly reemerge. Through\u00adout 2022, we and our Investee-Part\u00adners have become more resilient and remain poised to make large leaps forward.<\/p>\n

Your bm|t Team<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Ven\u00adture invest\u00adment in the start-up world is gen\u00ader\u00adally raised and deployed in order to \u201c(blitz)scale the orga\u00adni\u00adza\u00adtion\u201d, \u201ccap\u00adi\u00adtal\u00adize on a mar\u00adket win\u00addow\u201d, \u201caccel\u00ader\u00adate time to mar\u00adket\u201d, \u201cgrab mar\u00adket share\u201d, and con\u00adduct many other activ\u00adi\u00adties where the oft-used say\u00ading that Time is Money, mean\u00ading if one acts quickly, one can gen\u00ader\u00adate large returns, is absolutely applicable. [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":15567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[216,250],"tags":[253],"class_list":["post-15927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2022-en","category-insights","tag-insights-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/15927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/comments?post=15927"}],"version-history":[{"count":1,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/15927\/revisions"}],"predecessor-version":[{"id":18190,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/15927\/revisions\/18190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media\/15567"}],"wp:attachment":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media?parent=15927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/categories?post=15927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/tags?post=15927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}