Ertan Can is Founder at Multiple Capital based in Luxembourg and Frankfurt backing Micro VCs with a focus on Europe.

2100 funds screened, 1000 GP relationships, 50+ sectors, 48 funds invested, 103 GPs/Partners, 1359 portfolio companies, 156 outliers, 23 unicorns, 1 decacorn.

Eugene Foo: Your take on Masayoshi Son and SoftBank? Ertan Can: The longer SoftBank remains active as such, the higher the chances of success. Eugene Foo: What factors set a seed fund apart from others? Ertan Can: They become known as the go-to investors within their respective regions or verticals. Now listen in for more insights! ❤

00:00 - Roadtrip Across China and Beyond 08:12 - The Rise of MicroVCs 16:15 - Randomness in Venture Capital 24:44 - Unfair Advantage in Venture Capital 32:42 - Fund Size and Investment Strategy 42:05 - Beyond Track Record 53:36 - Skin in the Game 59:00 - Large Funds Struggle at Seed Stage 1:06:05 - On MicroVCs 1:12:00 - Disruption, Transparency 1:19:07 - Meaning of Life 1:24:00 - Advice for YUVC 1:27:24 - Global Venture Rac 1:31:51 - Future of Venture Capital

PODCAST LINKS: • Podcast Website: https://www.whyyouvc.com • Apple Podcasts: https://apple.co/3V4FyQN • Spotify: https://spoti.fi/4hYSvpg • RSS: https://bit.ly/whyyouvcrss • Podcast Playlist: https://bit.ly/whyyouvc

SOCIAL LINKS: • X: https://x.com/whyyouvc • LinkedIn: https://www.linkedin.com/in/whyyouvc • RED: https://bit.ly/whyyouvcred • Bilibili: https://bit.ly/whyyouvcbili • Email: whyyouvc@gmail.com

GUEST LINKS: • X: https://x.com/rtancan • LinkedIn: https://www.linkedin.com/in/ertancan/ • Multiple Capital: https://www.multiple.capital/

YZ Yuanzhe Fu + YY Yuyan Wang, founders of YUVC are thrilled to be joined by Cyrus Yari, co-founder at Rational VC, the podcast-turned-VC fund charging 0 management fee and investing alongside Founders Fund, A16z, Sam Altman, among others.
In 3 core values Cyrus believes: authenticity, truth-seeking, long-termism. He may have the best understanding of the positive black swans and asymmetric bets advocated by Nassim Taleb.

Impressed by his words, life's meaning revolves around freedom, personal growth, and contributing positively to society.

Chapters

🏃00:00 Cyrus's Journey to Rational VC
💪06:19 The Power of Positive Black Swans and Asymmetric Bets
💡11:35 Rational VC: A Different Approach to Venture Capital
🤔17:58 The Long Game: Building a Media Company Around Timeless Ideas
🎲25:15 Investing in Deep Tech and Life Sciences: A Focus on Impact
🧐33:26 The Meaning of Life: Freedom, Growth, and Impact

Eugene Zhang is Founding Partner at TSVC (formerly TEEC Angel), 1st angel fund in Silicon Valley founded by Chinese American investing the ticket ticket into global Chinese and beyond.

With 9 unicorns in the portfolio, TSVC is named a top unicorn investor in the US by PitchBook. Yuyan Wang: How long does it take to invest in a case? Eugene Zhang: Sometimes within a day. We have a talk in the morning and we invest in the afternoon. Otherwise, it takes longer. But we try to satisfy the founder’s needs. Now listen in for more insights! ❤

00:00 - Always about Startup 06:01 - Challenges startup up 08:30 - Angel to VC 11:01 - First Deal 14:35 - Investing in Zoom 21:19 - Decision-Making 24:48 - Success Factors 29:56 - Valuation 31:04 - Lessons Learned 32:42 - The AI Era 35:22 - Silicon Valley’s Future 39:01 - Meaning of Life

PODCAST LINKS: • Podcast Website: https://www.whyyouvc.com • Apple Podcasts: https://apple.co/3V4FyQN • Spotify: https://spoti.fi/4hYSvpg • RSS: https://bit.ly/whyyouvcrss • Podcast Playlist: https://bit.ly/whyyouvc

SOCIAL LINKS: • X: https://x.com/whyyouvc • LinkedIn: https://www.linkedin.com/in/whyyouvc • RED: https://bit.ly/whyyouvcred • Bilibili: https://bit.ly/whyyouvcbili • Email: whyyouvc@gmail.com

GUEST LINKS: • X: https://x.com/eugene_zhang • LinkedIn: https://www.linkedin.com/in/eugenezhang/ • TSVC: https://www.tsvcap.com/

Peter Lasinger is Founder and General Partner at 3VC, largest series-A fund based in Austria with a strong presence in CEE and ties to silicon valley investors.

Peter invests in carefully selected tech startups with global ambition, starting from Series A. Eugene Foo: Do you still believe that the return is still parallel to the risk in early stage venture capital industry right now? Peter Lasinger: Of course, I say yes, because I have my own money in the fund and I wouldn't do the job if I don't believe that there is a super high lever.

00:00 - Into Venture Capital 04:15 - Evolution of the European VC 10:19 - 3VC’s Strategy: Quality Over Quantity 14:57 - Data in Venture Capital 21:22 - Market Fit and Shared Vision 26:30 - Learning from Failures 30:05 - AI Market Fit 36:05 - Localization and AI’s Role 38:55 - 3VC’s AI Investing Thesis 43:05 - Future of Venture Capital 47:41 - Life and Meaning

PODCAST LINKS: • Podcast Website: https://www.whyyouvc.com • Apple Podcasts: https://apple.co/3V4FyQN • Spotify: https://spoti.fi/4hYSvpg • RSS: https://bit.ly/whyyouvcrss • Podcast Playlist: https://bit.ly/whyyouvc

SOCIAL LINKS: • X: https://x.com/whyyouvc • LinkedIn: https://www.linkedin.com/in/whyyouvc • RED: https://bit.ly/whyyouvcred • Bilibili: https://bit.ly/whyyouvcbili • Email: whyyouvc@gmail.com

GUEST LINKS: • X: https://x.com/peterlasinger • LinkedIn: https://www.linkedin.com/in/lasinger/ • 3VC: https://three.vc/

Xu Jiang is Executive Director at Vertex Ventures China with a focus on new energy, AI, and deeptech.

Jiang joined Eugene Foo at YUVC sharing her journey from a management consultant to venture capital. Key topics include fundraising dynamics, valuation strategies, and sector selection. The conversation highlighted the importance of growth mindset, technical team advantages, and offered a pragmatic view on China's venture capital future.

Now listen in for more insights! ❤

00:15 - Challenges of Fundraising 02:32 - Consulting to VC 04:06 - Growth Mindset 05:25 - Investing in AI 08:31 - Hard Tech Investment 11:14 - Beyond Investing 12:25 - Valuation 18:12 - Top-Tier Deals 19:59 - Investment Decisions 20:27 - Choosing Sectors 21:53 - From Volume to Quality 23:28 - Lessons from Failures 24:28 - Investment Standards 25:39 - Success Factors 26:32 - Portfolio Management 31:46 - Future of China’s VC 40:29 - Biggest Bubble 42:23 - Differentiation in Fundraising 43:24 - Meaning of Life 49:12 - Venture Media 52:37 - Secrets to Sustained Energy

PODCAST LINKS: • Podcast Website: https://www.whyyouvc.com • Apple Podcasts: https://apple.co/3V4FyQN • Spotify: https://spoti.fi/4hYSvpg • RSS: https://bit.ly/whyyouvcrss • Podcast Playlist: https://bit.ly/whyyouvc

SOCIAL LINKS: • X: https://x.com/whyyouvc • LinkedIn: https://www.linkedin.com/in/whyyouvc • RED: https://bit.ly/whyyouvcred • Bilibili: https://bit.ly/whyyouvcbili • Email: whyyouvc@gmail.com

GUEST LINKS: • Vertex Ventures China: https://www.vertexventures.cn/en/

Christian Dorffer is Founder and General Partner at Defiance Capital, an emerging VC Fund investing into B2B SaaS in Europe and the US. Key topics include the DNA patterns of unicorn founders, where research shows 62% of US unicorns had immigrant founders, and his unconventional thesis that introverted, technically brilliant founders who aren't good at self-promotion can still build massive companies.

Eugene Foo: What sets a successful seed fund apart? Christian Dorffer: What sets a successful seed fund apart is that they can get into difficult deals. Now listen in for more insights! ❤

00:00 - Backing the Right Founders 04:04 - Into VC 07:53 - Immigrant Unicorn Founders 10:37 - Non-Traditional Unicorn Founders 14:14 - Non-Obvious Founders 21:26 - Finding Relevant Mentors 25:41 - Selecting Founders 32:44 - Successful Seed Fund 36:18 - Serial Founders 40:17 - On Investing 43:28 - Investment Choices 48:12 - Meaning of Life 51:51 - Potential of Chinese Founders 56:37 - Building Bridges through Venture Capital Podcasting

PODCAST LINKS: • Podcast Website: https://www.whyyouvc.com • Apple Podcasts: https://apple.co/3V4FyQN • Spotify: https://spoti.fi/4hYSvpg • RSS: https://bit.ly/whyyouvcrss • Podcast Playlist: https://bit.ly/whyyouvc

SOCIAL LINKS: • X: https://x.com/whyyouvc • LinkedIn: https://www.linkedin.com/in/whyyouvc • RED: https://bit.ly/whyyouvcred • Bilibili: https://bit.ly/whyyouvcbili • Email: whyyouvc@gmail.com

GUEST LINKS: • X: https://x.com/thechrisdorffer • LinkedIn: https://www.linkedin.com/in/dorffer/ • Defiance Capital: https://www.defiancecapital.com/

Reinder Lubbers is Founder at No Such Ventures, investing 2-8M€ deal by deal industry agnostically.

Reinder joined Eugene Foo at YUVC sharing his journey from Olympic rowing to venture capital, advocating for a deal-by-deal investment approach that challenges traditional VC models.

Eugene Foo: Is it necessary to like the founders you are investing in? Reinder Lubbers: The truth is no, you don't have to like them. You must trust each other a little bit, ensuring you have the right intentions. Now listen in for more insights! ❤

00:03 - From Olympic Rower to Venture Capitalist 04:41 - Lessons Learned from Rowing 09:34 - “Liking” Founders? 12:18 - Olympic Advantage? 14:16 - First Deal 19:37 - Explaining Venture Capital to Traditional Investors 22:34 - Targeting Entrepreneurial Investors 26:37 - Deal-by-Deal vs. Traditional VC 32:57 - Investment Team Compensation 36:31 - Evaluating Performance 40:00 - Sourcing and Screening 47:03 - The Dutch VC Culture 52:35 - Welcoming Global Opportunities 54:12 - Meaning of Life 57:57 - Stay Focused and Seek Experience

PODCAST LINKS: • Podcast Website: https://www.whyyouvc.com • Apple Podcasts: https://apple.co/3V4FyQN • Spotify: https://spoti.fi/4hYSvpg • RSS: https://bit.ly/whyyouvcrss • Podcast Playlist: https://bit.ly/whyyouvc

SOCIAL LINKS: • X: https://x.com/whyyouvc • LinkedIn: https://www.linkedin.com/in/whyyouvc • RED: https://bit.ly/whyyouvcred • Bilibili: https://bit.ly/whyyouvcbili • Email: whyyouvc@gmail.com

GUEST LINKS: • X: https://x.com/reinderlubbers • LinkedIn: https://www.linkedin.com/in/reinderlubbers/ • No Such Ventures: https://www.nosuchventures.com/

YZ Yuanzhe Fu + YY Yuyan Wang, founders of YUVC are thrilled to be joined by Liang Zhu, Partner at China Prosperity Capital.
Liang made his way into venture capital from a lawyer background.
He started to invest in hardware and deeptech in China a decade ago.
Previously, he worked with a Chinese public company and a top10 hardware tech VC in China.

Highlights:

YZ: How do approach early-stage hardware tech investing?
Liang: Firstly, you should approach the scientists and professors with a mindset of making friends. Understand them and even read a few of their papers. This can trigger in-depth discussions and promote mutual understanding.

YY: What is the carry advance system, and what makes it attractive?
Liang: It's designed to provide incentives for investors and help them see returns early. The lifetime carry system, further developed on this basis, enhances the sense of belonging and motivation among employees.

YZ: What is the meaning of life?
Liang: The impact that doing these things has on the people around you and your industry determines its significance.

Chapters:

00:04 💼 Investment Essence
03:01 🤝 Befriend Scientists
05:04 👣 Three-Step Trust
06:02 🚀 Entrepreneur Value
08:52 🕒 Team & Timing
10:08 🌟 Hope in Tech
13:11 🎖️ Invest in Military
15:59 🛠️ Non-Military Tech
21:59 🙅‍♂️ Three Nos in Invest
26:18 💰 Early Valuation
29:56 🔋 Solid Batteries
33:31 💡 Empower Startups
38:10 💸 Funds Evolution
40:21 🛤️ Exit Strategies
42:40 🏆 Capital Highlights
46:04 📈 Unique Systems
48:46 🌱 Life's Meaning
50:49 🛡️ Keep the Faith

Links:

• Substack
• YouTube
• LinkedIn
• Apple Podcasts
• Spotify
• X
• 小红书
• Bilibili
• 36Kr