Christoph Stancke

We’re proud to co-sponsor the first "Private Equity Conference 2024" hosted by FLEX Capital & Project A Ventures on 25 April 2024 in Berlin! Thanks to everybody involved in organizing this inspiring initiative, in particular the one and only Peter Waleczek.   💡 We look forward to creating a unique space for learning and discussions and improving the #PE industry collectively together with our friends from FLEX Capital and market leading participants, including more than 200 GPs& LPs - rumor has it that there may be drinks and a party as well 🍸 🎉 💃   I am happy to participate in a panel titled "Rethinking Foundations: Questioning Core Hypotheses in Private Equity". The discussion will venture beyond traditional beliefs, questioning established hypotheses from the viability of platform sales to the value of integration. This and the other sessions should be interesting for for anyone in the DACH region's software-focused PE sector, General Partners, or investors in SME software companies.   Please get in touch with: [email protected] #PEC2024 #PrivateEquity #eylaw #Investment #InvestmentStrategy #transactions #SoftwareSector

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Last week, WEPA Ventures partnered with WEPA Stiftung and WHU Institut für Familienunternehmen und Mittelstand for a unique gathering. We invited a selected group of family entrepreneurs, family officers, founders, VCs, and business angels to our office in Düsseldorf to discuss startup investments by family businesses and family offices. With every participant bringing valuable practical experience, the atmosphere was highly engaging and trustful. Alongside keynotes and panel discussions, we had lively debates that covered a wide range of topics. Here are my three key takeaways: 💡 Multiple Approaches to Investing: Most participants shared more than one approach to startup investments that is currently actively pursued by their organization. While there is certainly a bias due to the preselection of attendees, this signals a growing maturity of VC investments by family businesses and family offices in Germany. Notably, around 50% of participants manage more than 10 investments in their current role, which underlines this perspective. 💡Direct Involvement of Entrepreneurial Families: The discussions reaffirmed the critical role of direct family involvement. Ideally, entrepreneurial families are crafting investment setups that are attractive to both founders and VC co-investors, while maintaining the trust of their family peers or core organizations. Combining execution speed with the value brought by industrial networks or core business capabilities is key to being a valued investor in the early-stage VC ecosystem. 💡Feedback on Keynote about my PhD Research: The initial findings from my PhD research received positive feedback from other practitioners. You might say, "Didn’t you interview them in the first place?" True, but stepping away from interviewer role allowed me to share what I had derived from the research, and it was rewarding to hear that the abstraction and models resonated well. To everyone who participated and supported—you know who you are—thank you so much for the insightful discussions and your valuable input! We’ll continue to foster these exchanges. I’m also more than eager to hear more perspectives on this topic. If you’re interested in a chat, please feel free to reach out!

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To VC, or not to VC. That is the question. Understanding the history of Venture Capital will help you navigate the venture journey more smoothly.

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Guide to Marketing for VC Funds📝 If you are an emerging GP and wondering how to market your new Fund, then this is for you. 👇 My colleagues at AlphaQ Venture Capital have created a marketing guide in collaboration with expert lawyers HEUKING. To find new LPs you can create a profile on invite-only AlphaQ Venture Capital's Discovery platform, which will increase your visibility and facilitate your fundraising. DM me for a warm introduction.🤝 ✅ Looking to raise capital for your #VCfund and increase the international pool of your LPs?   🤝 Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity?   🧐 Looking for co-investments (Series A/Series B)?   ▶ G+QUANT's link for inquiries and fund decks: https://lnkd.in/gjC_EuTE #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence #unicorn #secondaries #secondarydeals

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We are absolutely grateful to have the privilege to work with founders, teams and impact investors on really great ideas that makes the world a much better place. An outstanding example of this is the Berlin-based Querfeld, which has just successfully completed its CLA financing round.   Querfeld is a Berlin-based company dedicated to combating food waste by selling organic fruit and vegetables that are not in line with the market standards but are of high quality. The company works with a large number of organic farms and ensures that even "crooked" fruit and vegetables are processed in canteen kitchens throughout Germany.   A great deal of passion is required to operate sustainably in this business. The two founders Frederic Goldkorn and Isabelle Bleeser but also the #impact investors behind them have this passion.   And let's be honest: the idea that high-quality healthy food is thrown away for the sole reason that it does not correspond to our visual ideal, while in many regions of the world people do not have sufficient access to (healthy) food, seems very absurd.   So, thank you to everyone involved for this commitment and for allowing us Schalast to play a small part in it.   #startups #venturecapital #impactinvestment #sustainability #schalastlawtax 4L Vision GmbH, Sébastien Martin, Business Buddies GmbH; Dr. Marc Mogalle, LAUTHALS, VentureCapital Magazin, Daniel Ignatenko

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I am very thrilled to announce that we have recently participated in follow-on rounds of existing portfolio companies as well as backed two new exciting digital health companies: Doccla is the leading remote patient monitoring provider in Europe led by Dag Larsson and Martin Ratz. In their recent round led by Lakestar, and supported by Elaia and Optum Ventures we are excited to keep supporting their journey alongside General Catalyst, Giant Ventures, Speedinvest deepc, an orchestration platform for AI, starting with Radiology as the first vertical and led by Dr. Franz MJ Pfister, MD, MBA, where we followed-on alongside Sofinnova Partners with participation from new strategic investors KHP Ventures and SwissHealth Ventures who are supporting the market expansion Guardoc Health led by Hadassah Backman develops a compliance integrity platform to support understaffed and heavily overworked nursing staff with daily documentation, ensure compliance with regulations and improve the audit and billing process in care homes. We seeded the company together with our friends Pitango and the US investor Springbank among others Pi Health led by Geoffrey Kim and Bobby Reddy, MD has built an unique end-to-end software stack for clinical trials. Pi Health was recently spun out of BeiGene, and we invested in their series A together with AlleyCorp and Obvious Ventures    These investments take our Bertelsmann Investments Next growth program to yet another level.   We’re proud to backing the exceptional founders and their teams. We are fully convinced that these companies do make an important contribution to improving healthcare.   cc: Thorsten Wirkes Tim Schneider Agnes Eva Uhr, LL.M. Maximilian Boner #BertelsmannNext #VentureCapital #DigitalHealth #Growth #HealthcareInvestments https://lnkd.in/eDm4JXAh

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How to tackle your startup's legal challenges? Join our workshop next Monday, October 14th, at 6 PM at hubraum in Berlin! The workshop is designed for founders and operators looking to build a solid legal foundation for their startups. Velsa is excited to host this event alongside our legal experts Thomas Rieck and Dr. Joachim Jung. Together, we’ll dive deep into critical legal aspects for startups in two sessions: 1️⃣ 𝗖𝗿𝗲𝗮𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 𝗦𝗶𝗴𝗻𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗙𝗶𝗿𝘀𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘀 In this workshop, we’ll break down the essentials of drafting and signing customer contracts. These insights will help you secure solid relationships with your early clients and protect your business from common legal risks. 2️⃣ 𝗔𝘃𝗼𝗶𝗱𝗶𝗻𝗴 𝗟𝗲𝗴𝗮𝗹 𝗣𝗶𝘁𝗳𝗮𝗹𝗹𝘀 𝗶𝗻 𝗬𝗼𝘂𝗿 𝗙𝗶𝗿𝘀𝘁 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱 Understanding the complexities of your first funding round can make or break your startup’s success. We'll guide you through the dos and don'ts of typical financing documents, ensuring you’re well-prepared to engage with investors and set the stage for future growth. Whether you are pre-seed or already off the ground, having a solid legal foundation can save you headaches — and money — in the long run. Let’s talk about it on October 14th, 6 PM at Hubraum, Berlin! Register here: https://lnkd.in/eSXcqqgy

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Check out our latest ‚Guide to Marketing for VC Funds‘! 🚀 Enhance your understanding of marketing regulations by exploring the distinctions between marketing, pre-marketing and non-marketing activities. Gain insights on how to avoid compliance breaches and refine your skills in sharing information without inadvertently engaging in marketing practices. #aqvc #venturecapital #capitalformation

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#DET24 🚀📈 Keep the Momentum at the Deutscher Eigenkapitaltag organized by BVK Bundesverband Beteiligungskapital! Looking forward to interesting discussions and meetings today in Berlin. Some take aways from the first session with Nico Rosberg and Alexa von Busse: “Germany is still investing too little in venture capital—especially the middle class and family businesses are not tapping into the potential of this asset class,” says Nico Rosberg “There’s a lack of understanding and courage, but this is the key to driving future innovation in our economy. Let’s change the mindset and channel more capital into start-ups and future technologies!” As an example for innovation in Germany Nico Rosberg mentioned the German autonomous driving startup Vay and pointed out that it just started its first public mobility service in the USA! Well done Thomas von der Ohe and team! 👍🏼 #VentureCapital #Innovation #InvestInTheFuture #KeeptheMomentum #BVK #PrivateEquity

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Gründer: Zahl der Start-up-Insolvenzen steigt auf Rekordhoch https://buff.ly/3Y8hwa8 The number of start-up insolvencies has reached a record high, indicating a challenging environment for new businesses. Factors contributing to this trend could include economic instability, lack of funding, or insufficient market demand. It's crucial for entrepreneurs to carefully plan and manage their finances to navigate these risks successfully. According to recent reports, the rise in start-up insolvencies underscores the importance of resilience and adaptability in the business world. #startups #insolvencies

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Interesting (quantitative) study on the topic of hybrid work. In an A/B test, trip.com randomly divided 1600 employees into different working groups: one group working 5 days in the office, the other one working 3 days in the office with 2 days working from home. The company then held extensive performance reviews every 6 months and measured, among other things, employee productivity and satisfaction. The result after 2 years: No differences in productivity, ratings or promotions between the groups. BUT: Hybrid working led to more satisfaction and 35% fewer resignations (and in result among others significant cost savings in re-hiring), especially among women! Thanks Christopher (Seatti) for surfacing this Harvard Business Review article. #hybridwork

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VC-Markt im DACH-Raum: So sieht die "neue Normalität" aus https://buff.ly/45vkOpn The VC market in the DACH region reflects the changing landscape of the "new normal." Companies are focusing on online presence, e-commerce strategies, cloud technologies, and data analytics for decision-making. Cybersecurity investments have increased, and remote work setups are crucial for business continuity. Adaptability and resilience are shaping the current VC market in the DACH region. #VCtrends #DACHregion.

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Private Equity Trend Report 2024 von Mergermarkt und PwC: Meine drei Kernpunke sind: Over all: A brighter outlook for 2024 51% of respondents expect their firms to increase the number of new investments they make. Geographic: Germany shines The country is the most attractive PE investment destination over the next five years. This is ahead of the UK, Middle East and Netherlands. Strategy: Buy-and-build in vogue and Data analytics infiltrates due diligence.   Hintergrund “Mergermarket is pleased to present PwC's Private Equity Trend Report 2024: Highlights include: ·       A brighter outlook for 2024. Despite continued geopolitical concerns, inflationary pressures and high interest rates, over half (51%) of respondents expect their firms to increase the number of new investments they make, with only 10% expecting to decrease activity slightly. GPs are sitting on a wealth of dry powder and are ready to put it to good use. ·       Competition intensifies. Over two-thirds of respondents (71%) agree that competition for investments among PE firms increased in 2023 compared to 2022, with one-fifth saying it significantly increased. Dealmaking may have slowed, but fund managers are vying for the most sought-after companies, which are showing growth regardless of sluggish GDP forecasts. ·       Buy-and-build in vogue. In the face of elevated financing costs for large platform deals, PE firms are looking to buy-and-build strategies to drive synergies, cross-selling opportunities and scale. Over three-quarters of respondents (77%) say buy-and-builds will be an influential factor in their equity stories this year. ·       Moving in on manufacturing. As supply chains are redesigned and production is localised, over a third of respondents (36%) expect to allocate more capital to the industrial production/manufacturing sector over the next few years. ·       ESG demands rise. With environmental, social and governance (ESG) factors taking on greater importance, 43% cite increased ESG expectations as the number one changing demand among their investors, and 34% point to improved disclosure in ESG reporting. LPs are clearly an important driver of change in this area. ·       Data analytics infiltrates due diligence. Data analytics and artificial intelligence (AI) are transforming how PE firms evaluate investments, with 87% already using data analytics for due diligence and target identification. Furthermore, 33% of respondents identify data analytics as the single most crucial area for their digital investment. ·       Germany shines. GPs are inherently long-term investors and are looking beyond Germany's current economic difficulties. The country stands out as the most attractive PE investment destination over the next five years, according to 65% of respondents, ahead of the UK, Middle East and Netherlands.   Quelle: Private Equity Trend Report 2024 - ION Analytics

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I had a blast at health.tech conference together my dear colleague Robert Huber representing Digital Dental & Healthcare Technology GmbH & Co. KG. We are building innovative dental medical devices and wanted to identify key partners, industry stakeholders, and hot trends in this sector. For me it was a success. Thanks to everyone we met. Here are three fast take-aways: #hardware is becoming more and more of a hot topic. Who would have thought? #fundraising from VCs is tough right now but there are other options of financing like getting public grants or even starting an equity crowdfunding campaign - a hot trend in the US right now. #startup life is like deep sea diving. You get the oxygen tank (cash) you dive in and from then on the clock starts ticking (burn rate) and you know you'll need to resurface (raise again/survive on your own) in the near future. Special thanks to Robert, it was a great event with you. Let's keep innovating. #medical #device #startup

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ICYMI: Speedinvest was granted a full AIFM licence by FMA Finanzmarktaufsicht Österreich. 😎 🙏 Another milestone on our journey of pioneering VC in Austria🇦🇹: 🔸 2011 first VC fund launched in a decade (AuM 10m) 🔸 2015 first EuVECA fund (AuM 100m) 🔸 2024 first VC fund with AIFM licence (AuM 1b) A big step in our efforts of further professionalizing VC in Austria: There are only 22 other domestic firms with such a licence and we are the only VC in this group. This puts us on the same level with firms such as Allianz Invest, Erste Asset Management GmbH, Gutmann KAG, IQAM Invest GmbH, KEPLER-FONDS Kapitalanlagegesellschaft m.b.H., Lansdowne Partners, LLB Invest KAG, Raiffeisen KAG, Schoellerbank Invest AG, 3 Banken-Generali Investment-Gesellschaft m.b.H. invest.austria Invest Europe Industriellenvereinigung #venturecapital #risikokapital

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🤔 𝗜𝘀 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗼 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝘄𝗼𝗿𝘁𝗵 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸? 🧬💊💉👩‍⚕️🧪🩻 This has been our topic at today‘s panel discussion at the invest.austria conference 2024. Together with my co-panelists Sophie Ehrlich (from EIT Health), Christian Bouda (from bloomblisser.com) and our moderator Markus Wanko (from xista) we‘ve been elaborating on: ✅ The various healthcare verticals and respective risk profiles ✅ Public vs. Private Funding and the need for a closer collaboration between these two ✅ Brining start-ups and SMEs closer to each other to accelerate innovation ✅ Current PE and VC environment ✅ Healthcare deal activity and outlook going forward Conclusion on the initial question: 𝗬𝗲𝘀, 𝗶𝘁 𝗶𝘀 𝗿𝗶𝘀𝗸𝘆 𝗮𝗻𝗱 𝘆𝗲𝘀, 𝗶𝘁 𝗶𝘀 𝘄𝗼𝗿𝘁𝗵 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸! 𝗪𝗵𝘆 𝗶𝘀 𝗶𝘁 𝘄𝗼𝗿𝘁𝗵?! 1️⃣ „𝗛𝗘𝗔𝗟𝗧𝗛 𝗜𝗦 𝗪𝗘𝗔𝗟𝗧𝗛“ - it is our „duty“ to allocate capital and to invest into our own health through supporting innovation and the relevant infrastructure 2️⃣ Healthcare investing is „𝗛𝗔𝗥𝗗 𝗦𝗖𝗜𝗘𝗡𝗖𝗘“ driven investing -> less emotions, more facts 3️⃣ Healthcare is only at the very beginning of it‘s innovative disruption and the convergence between disciplines (e.g. life sciences and (deep) tech) will turbocharge this upcoming disruption -> 𝗖𝗢𝗡𝗩𝗘𝗥𝗚𝗘𝗡𝗖𝗘 => 𝗗𝗜𝗦𝗥𝗨𝗣𝗧𝗜𝗢𝗡 Besides that, there have been great discussions and stimulating thoughts, mainly around the political environment and the „𝗗𝗔𝗖𝗛𝗙𝗢𝗡𝗗𝗦“ concept = TOPIC OF THE DAY And we also saw insightful discussions on the foodtech, space investing markets, discussions on the democratization of the investment industry and - since we‘re in #vienna - the CEE investment environment. Thanks Daniela Haunstein, Nikolaus "Niki" Futter, Arnaud Béasse for organizing. Fantastic event 👏 Ps.: the #privateequity asset class still remains a little underrepresented in Austria. 🇦🇹 Room to improve ↗️ PPs.: It‘s been a pleasure meeting and catching up with fantastic people like Bernadette Ules, Csanad Daniel, Niklas Pichler, Patrik Cesky, Rudolf Kinsky, Heinz Brasic, Floyd Plettenberg, Stephan Freudl, Florentina Spindler, Karl Lankmayr, Tim Lammar, Zuzana Jahodníková, Michael Hähnle, Christian Bacher, Günter Leonhartsberger, Johannes Cech, Marko Mitrovic … #healthcaredeals #mergersandacquisitions cc: VINC - Healthcare Advisory, ISP HEALTHCARE GmbH

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https://lnkd.in/emRQNxz7 An insightful article by Winand von Petersdorff-Campen in FAZ discusses why America is outpacing Europe economically. The key takeaway: America's dynamic labor market and productivity gains have been vital for its quicker recovery. This reinforces our perspective in Real Estate Investment & Development, where we observe a disparate development favoring the American market due to significantly stronger demand drivers. This trend aligns with our strategic focus and bolsters our growth prospects in the U.S. By the end of last year, the U.S. had fully recovered from the pandemic, while the Eurozone's GDP was 5% below trend, the UK was 6% behind, and Canada was 4% behind. Alarmingly, growth trends in Europe and Canada have weakened, suggesting these economies may never fully recover from the pandemic's impact. Here are the main points: U.S. Economic Outperformance: America has recovered from the pandemic faster than most industrial nations, including Germany. Key Difference: Higher productivity and longer working hours by American workers. Federal Reserve Study Insights: o  Traditional factors like government spending explain differences only partially. o  U.S. avoided deep recession due to a dynamic labor market, unlike Europe which used measures like short-time work to keep unemployment low initially. o  Europe's rigid employment policies hindered adaptation to new economic conditions. o  U.S. saw a surge in new business formations post-pandemic, while Europe lagged. Central Bank Policies: Although central banks in the U.S. and Europe raised interest rates nearly simultaneously since 2022, the impact varied. In the U.S., higher rates didn't affect many citizens and businesses due to fixed-rate mortgages and loans, and a lower reliance on bank credit. In contrast, Canadians and Europeans felt the impact more, yet this still doesn't fully explain the growth gap. Policy Impacts: The Ukraine war and slow EU funding approval impacted Europe more severely.  

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Heading back home to the golden ⭐️ city of Prague after three intense days connecting with the Startup/VC ecosystem during HTGF | High-Tech Gründerfonds Family Day and Hinterland of Things.  Here are my three my top insights I take home …  1️⃣ Start-ups are alive and kickin’ - I met great founders with promising ideas and made ample new connections with investors. My perception is, the downturn helped to bring the ecosystem back to focus on great products/solutions, rather than just closing the next round. 🙏 2️⃣ Excellent insights from a great keynote by Bjorn Tremmerie on the status of European 🇪🇺 Venture Capital & comparison vs. US 🇺🇸: European returns do not only hold up, but actually even exceed US returns 😮 💪. Also, emerging fund managers do very well return-wise - that’s great inspiration for Kamil Levinský and myself as we start to build the Jet Investment Venture Fund. 3️⃣ AI/ML reached an inflection point - it’s being integrated everywhere and helps strengthen all sort of products/solution. 🚀 ...and indeed "Bielefeld does exist” 😂 #venturecapital #startups

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