bm|t Venture Insights 1/24: The Need for Speed
The famous line “I feel the need, the need for speed” was spoken in a very cavalier and risk-oriented way in the movie Top Gun.
The famous line “I feel the need, the need for speed” was spoken in a very cavalier and risk-oriented way in the movie Top Gun.
This adaptation of Goethe´s famous quote “What you can do, or dream you can, begin it; boldness has genius, power, and magic in it” is
This month we are celebrating 20 years of investing as bm|t. Notwithstanding many impressive figures, such as having invested over 500 Mio. EUR in over 200
In our view, being a responsible investor means believing that we owe something far beyond our capital commitment to the companies in which we are invested.
Because of their extremely deep and broad reaching applications and implications, two companies stood out in our mind as clearly revolutionary and with relevance for
Venture investment in the start-up world is generally raised and deployed in order to “(blitz)scale the organization”, “capitalize on a market window”, “accelerate time to
This statement is not suggesting that in times of high Beta influence, founders should stop focusing on their businesses and become macro-analysts or day-traders. However,
We at bm|t have also joined the ranks of many (if not all) VCs in communicating clearly about this changed environment to our Investee-Partners and
We believe that compelling investments should be able to meet BOTH of the following criteria: The investment is fundamentally attractive AND There is an evident
The establishment of an optimal investor mix is indeed a process rather than an achieved state and in many cases is never completed, as the optimal
Most newly founded companies initially want to go it alone and aim to blaze their own trail to ultimate success. Generally, somewhere along this adventurous
A herculean effort is required for a young company to break into an established market with a new product/service/solution or to establish a new market
This market testing, as opposed to market studying, is often characterized as a business ›testing its footprint›. Typical questions that need answers in this footprint-testing
One scenario arising from this innate difference that we periodically encounter in Germany, where smaller early-stage tickets for strong ideas are readily available but larger
While this model, which is the focus of Reid Hoffmann´s excellent book Blitzscaling, can produce exceptional winners, such as Amazon or Facebook, it can also
An exogenous shock, and Covid-19 certainly is a large one, creates a high degree of unforeseen uncertainty for companies and investors alike. Investments that are continuously marked
THE 2010S DECADE bm|t and our Investee-Partners, who are the true drivers of our success, progressed significantly over the last ten years. At the turn
Startups can have very different goals and thought processes concerning pricing when initially trying to get traction in a market. Some startups might be so