For our recently launched third venture capital fund with a target size of €60M, 2020-2025 as investment period, and 2025-2030 as disinvestment period, we are looking for:
<aside> 🦄 25-35 companies with the potential to reach a value ≥ €500M in < 7 years
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Unique insights into essential and frequent problems consumers or businesses face
Real passion in the problem they are solving
Ambition to build something huge
Sense of urgency
Ability to be surrounded by the best team
Capacity to face any challenge
International experience
A clear understanding of what they know what they don’t know
Curiosity and willingness to learn
Ability to think independently and challenge the status quo
Knowledge of human nature
Great storytellers
Make data-informed decisions
Establish win-win relationships based on trust
Deep understanding of customer and market dynamics
Understand the risks and benefits of Venture Capital
Highly differentiated but easy-to-communicate value propositions
Obsessed with UX
Brand creators with strong values
Straightforward and scalable business models
High growth (we love organic growth!)
High retention
Flywheels that make the business more scalable and defensible as it grows
Unique culture
Great partners involved
Sectors/models (non-exhaustive): SaaS, consumer subscriptions, fintech, edtech, gaming, cybersecurity, B2B marketplaces, passion economy, etc
Unhealthy growth
Complexity
Bullsh*t
Outsourcing core areas of the business (e.g. technology, sales)
High needs of working capital
Addiction to Venture Capital
Bridge rounds
Early-stage financial intermediaries
Debt
Founders not 100% committed
Broken Cap Tables
<aside> 👉🏻 We invest long term in companies with high growth potential and that create positive results for its founders, investors, employees, customers, suppliers and society.
</aside>
We don’t buy lottery tickets or options. We hate the word “bets”. We only invest in 6 - 8 new companies per year to be able to invest the time needed in each team.
Our initial ticket ranges from €200k to €3M, and we aim to obtain at least 10% of the company’s fully diluted capital.
We want to invest up to €6M in subsequent rounds in companies with extraordinary performance.
There are lots of followers, but just a few leaders. We are not afraid of the responsibility that creates leading a funding round and participating in the board.
We work as a team. You’ll never hear us say “this is my investment” or “this is not my investment.” Although each investment has a main team member, all deals are from the entire JME Ventures team.