If 24 year old harry Stebbings can raise a $140m million VC you can do too from a Techstars founder

If 24 year old harry Stebbings can raise a $140m million VC you can do too from a Techstars founder

Having build Europes first ondemand fuel business i know what it takes to build a business and i know other entrepreneurs who have been through the process know just what it takes.

I wanted to give this post some motivation to anyone trying to raise a VC. The best VC in the world YC (which has backed companies like airbnb and is FULL of top tier exited founders) will tell you just how hard it is. They are good because they understand how the founders work and what they are building. All of this proves that the best VC's in the world are the ones that have direct founder experience. They know how to hire, they know how to adapt grow and scale. Being able to change quickly and do various topics.

About three-quarters of venture-backed firms in the U.S. don’t return investors’ capital, according to recent research by Shikhar Ghosh, a senior lecturer at Harvard Business School.

Building a VC

Ninety-five percent of VCs aren’t actually returning enough money to justify the risk, fees and illiquidity their investors (LPs) are taking on by investing in their funds. Techcrunch say. A VC fund needs a 3x return to achieve a “venture rate of return” and be considered a good investment ($100 million fund => 3x => $300 million return). Its hard. 95% of VC's will fail to meet targets.

Dont underestimate the risks - its extremely hard and think hard about your network, your investors and weather you can really justify the risk.

See the authors profile here:

Vlad Kozul
Vlad started his career in finance having done a bachelor’s at Cass business school in London and a master’s at ESCP in Paris specializing in finance. He speaks both French and English and has previous experience working in finance on the buy and sell side. He worked in asset management within insti…

We wrote this on why Europe has no YC

Why does Europe not have a Y combinator (YC) from a Lazard and Techstars Alumni?
This is a good question. Why does Europe not have a hugely successful Ycombinator (YC) type investor? There could be a number of reasons for this. The main reason is the appetite for taking risks. This could be something more cultural that anything but also the fact that European investors simply do…

We have built this in the past

Lessons learned from Building Europe’s first OnDemand fuel station from its COO
Before Shell tap-up and Cafu and others, we built Europe’s first on demand fuel station. We saw the future, we had an amazing team and we were ready to go. I was the COO of pompfuel and we were there from the start.

Subscribe to the newsletter

Great! Check your inbox (or spam folder) and click the link to confirm your subscription.
Sorry, something went wrong. Please try again.