The weekly European VC digest, straight to your inbox—by @WillyBraun @Nicolas_Colin @VincentTouati

Europe
Joined May 2020
Capital Call retweeted
I've made that point before: - LLM: 1E13 tokens x 0.75 word/token x 2 bytes/token = 1E13 bytes. - 4 year old child: 16k wake hours x 3600 s/hour x 1E6 optical nerve fibers x 2 eyes x 10 bytes/s = 1E15 bytes. In 4 years, a child has seen 50 times more data than the biggest LLMs. 1E13 tokens is pretty much all the quality text publicly available on the Internet. It would take 170k years for a human to read (8 h/day, 250 word/minute). Text is simply too low bandwidth and too scarce a modality to learn how the world works. Video is more redundant, but redundancy is precisely what you need for Self-Supervised Learning to work well. Incidentally, 16k hours of video is about 30 minutes of YouTube uploads.
"A 4-year-old child has seen 50x more information than the biggest LLMs that we have." - @ylecun 20mb per second through the optical nerve for 16k wake hours 🤯 LLMs may have consumed all available text, but when it comes to other sensory inputs...they haven't even started.
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(1) New Working Paper: the fundamental driver of growth in modern economies, Total Factor Productivity (TFP), is linear, not exponential. This is a paper I did not expect to write...
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1/ My latest NL: a few notes, quotes & sources on revenue-based financing—and why Europe is lagging behind. Following a panel discussion yesterday w/ @henrik_grim of @GetCapchase & @joshbell of @dawncapital via @SaaStock (replay will be available soon). europeanstraits.substack.com…
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1/ Tomorrow I'm participating in a panel with some fantastic speakers together with @SaaStock & @GetCapchase. We will focus on why European SaaS founders should consider revenue-based financing rather than ever more equity capital. See you at 4pm CET! 👇 hopin.com/events/capchase-sa…
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Capital Call retweeted
Looking forward to the event and to learning more about your perspectives on this topic @Nicolas_Colin!
1/ Tomorrow I'm participating in a panel with some fantastic speakers together with @SaaStock & @GetCapchase. We will focus on why European SaaS founders should consider revenue-based financing rather than ever more equity capital. See you at 4pm CET! 👇 hopin.com/events/capchase-sa…
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Just discovered @CapitalCall_ - great roundup of trending themes across EU investors. This week's issue featuring our own @lilymshaw and @CharlieRenzoni. bit.ly/3lnoG6D
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A person called OwlKitty changed the Business Card scene from “American Psycho” to the guys showing each other pictures of their cats on their phones… and it could possibly be the greatest masterpiece ever 😂
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Gradually unlocking @EuropeanStraits's paid content so that everyone can read and share. Here's an in-depth discussion of revenue-based financing, as part of my series on 'Diffracted Venture Capital' 👇 Cc @_TheFamily @vonsydow europeanstraits.substack.com…
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Capital Call retweeted
European VC Digest: Healthcare. Unicorn Founders. Time-Variant Business Models. Retail Investors. GP Commits. capitalcall.substack.com/p/e… @CapitalCall_
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European VC Digest: Healthcare. Unicorn Founders. Time-Variant Business Models. Retail Investors. GP Commits. capitalcall.substack.com/p/e… @CapitalCall_
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Our founder op-ed about FFF-money got featured in our fav weekly newsletter highlighting what investors in European startups are thinking – @CapitalCall_ capitalcall.substack.com/p/e…
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Time flies 🚀 We're closing off this season of the podcast with a look at the future with @northzoneVC GP @pjparson and Partner @wen_xs. Listen in for their insights on Web 3.0, digital decentralization, and the European ecosystem’s role in these trends. open.spotify.com/episode/1p9…
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YES! In general, publishing content will force you to reflect and to find better ideas, do network effects in your thoughts, build conviction and a "brain" archive. It's NOT about copy/writing but about THINKING. @WillyBraun @Nicolas_Colin would agree :) ping @CapitalCall_
"oh, I'm not a copywriter" is actually a cover-up for incomplete thinking
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Capital Call retweeted
Should European VCs take example of Tiger Global's investment strategy? 🙃 @Nicolas_Colin shares his take on the US firm's startup shopping spree and what it means for Europe: sifted.eu/articles/tiger-glo…
1/ My column in @Siftedeu today echoes @nathanbenaich's recent op-ed in the @FT about university spinouts. Check out the details about the Stanford precedent 👇 sifted.eu/articles/universit…
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Capital Call retweeted
"Pay close attention to product management in your early team, and make sure you hire someone good to take it over!" By @Nicolas_Colin thefamily.substack.com/p/a-k…
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Capital Call retweeted
Wise words @Baltdelavergne Getting rich slowly thefamily.substack.com/p/get…
Capital Call retweeted
Impressed by the calibre of some of Europe's newly launched VC firms. Here are a few I admire: 🇫🇷 @newwavevc Focus: Agnostic 🇸🇪 @palebluedotvc Focus: Climate 🇦🇹 @calmstormvc Focus: Health 🇩🇪 @ReventVC Focus: Impact 🇨🇭@tomahawk_vc Focus: Fintech & DeFi Who did I miss?
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